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Glossary   >   R   >   "Retention" Definition            Retention The amount of risk retained by an insurance company and not reinsured. Also used in reference to the portion of premium that is used by the insurance company for administration costs. Glossary    Dictionary Search (powered by Google) WWW ITLOCUS.COM GLOSSARY.ITLOCUS.COM Translate a web page (powered by Google)      to German Spanish French Italian Portuguese Japanese Korean Chinese

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Retention - The amount of risk retained by an insurance company and not reinsured. Also used in reference to the portion of premium that is used by the insurance company for administration costs.