The core business of NICO Vida is the provision of life insurance, pension administration, pension fund management and related services. NICO Moçambique Vida is part of the NICO Holdings Limited Group (www. com) which has presence in Malawi, Mozambique, Tanzania, Uganda, Zambia and Zimbabwe ... More Details »
The commission payable to a ceding company in addition to the normal commission allowance. It is an agreed percentage of the net profits of the reinsurance ceded, calculated in accordance with a stipulated formula.