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
Insurance a second time or again; renewed insurance.
Noun
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 enables a client to get coverage that would be too great for any one company to a
n.
Insurance a second time or again; renewed insurance.
n.
A contract by which an insurer is insured wholly or in
part against the risk he has incurred in insuring somebody else. See
Reassurance.
Reinsurance
Insurance a second time or again; renewed insurance.
Usage Examples
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