reinsure Synonyms
No Synonyms and anytonyms found
reinsure Meaning
reinsure (v)
provide additional insurance for
insure again by transferring to another insurance company all or a part of a liability assumed
insure again by assuming all or a part of the liability of an insurance company already covering a risk
reinsure (v. t.)
To insure again after a former insuranse has ceased; to renew insurance on.
To insure, as life or property, in favor of one who has taken an insurance risk upon it.
reinsure Sentence Examples
- The insurer reinsured its catastrophic risks with a larger company to mitigate potential losses.
- The reinsurer provided a layer of protection against financial disasters, reinsuring a portion of the original insurer's liability.
- To ensure stability in the face of market fluctuations, the insurer reinsured its portfolio with multiple reinsurers.
- The treaty reinsured specific perils, providing the insurer with reassurance against unexpected events.
- By reinsuring its risks, the insurer diversified its exposure and reduced its financial vulnerability.
- The reinsurer assessed the insurer's risk profile and determined the appropriate level of reinsurance coverage.
- The terms of the reinsurance contract stipulated the conditions under which the reinsurer would fulfill its obligations.
- The insurer sought to reinsure its obligations for political and economic risks to safeguard its financial position.
- Reinsurance enabled the insurer to manage its capital requirements more effectively by transferring a portion of its risk to the reinsurer.
- The reinsurance market provides a crucial safety net for insurers, allowing them to offer comprehensive insurance coverage to their customers with reduced risk.
FAQs About the word reinsure
provide additional insurance for, insure again by transferring to another insurance company all or a part of a liability assumed, insure again by assuming all o
No synonyms found.
No antonyms found.
The insurer reinsured its catastrophic risks with a larger company to mitigate potential losses.
The reinsurer provided a layer of protection against financial disasters, reinsuring a portion of the original insurer's liability.
To ensure stability in the face of market fluctuations, the insurer reinsured its portfolio with multiple reinsurers.
The treaty reinsured specific perils, providing the insurer with reassurance against unexpected events.
