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The term for the company that transfers the risk in an insurance agreement is "Ceding Company." This refers to an insurance company that passes on some of its risk to another insurance entity, typically a reinsurer, in order to reduce its liability or improve its financial stability.

The ceding company makes this transfer as a strategic measure to manage its risk exposure. When insurance policies are written, there comes a point where the company might want to limit its exposure on certain high-risk policies. By ceding part of this risk, the company is able to protect itself from substantial losses that could arise from large claims, thereby maintaining its solvency and ability to pay claims to its policyholders.

In the context of insurance relationships, the ceding company's role is foundational, as it enables the risk-sharing mechanism essential for the broader insurance landscape. The other options refer to different aspects of the insurance and reinsurance industry, but none accurately define the entity that transfers the risk in an agreement.