reinsurance (Meaning)
reinsurance (n)
sharing the risk by insurance companies; part or all of the insurer's risk is assumed by other companies in return for part of the premium paid by the insured
reinsurance (n.)
Insurance a second time or again; renewed insurance.
A contract by which an insurer is insured wholly or in part against the risk he has incurred in insuring somebody else. See Reassurance.
Synonyms & Antonyms of reinsurance
No Synonyms and anytonyms found
FAQs About the word reinsurance
sharing the risk by insurance companies; part or all of the insurer's risk is assumed by other companies in return for part of the premium paid by the insuredIn
No synonyms found.
No antonyms found.
Reinsurance is a form of insurance where one insurance company transfers some of its risk to another insurance company.
Reinsurance helps to spread the financial burden of large losses across multiple insurance companies.
Insurance companies often purchase reinsurance to protect themselves from catastrophic events such as hurricanes or earthquakes.
Reinsurance can be used to cover a variety of risks, including property, casualty, health, and life insurance.
