[
US
/ˌɹiɪnˈʃʊɹəns/
]
[ UK /ɹˌiːɪnʃˈɔːɹəns/ ]
[ UK /ɹˌiːɪnʃˈɔːɹəns/ ]
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 assume
How To Use reinsurance In A Sentence
- A reinsurance company shall, in light of main insurance business categories, separately disclose the reinsurance premium incomes and the ceded insurance premiums.
- A policy of reinsurance is an agreement by way of complete or partial indemnity to the insurer.
- Losses above $1 million also are covered by a separate reinsurance policy that they buy.
- - Admiral has extended its long-term coinsurance and reinsurance arrangements with Munich Re for its U.K., FOXNews.com
- Insurance companies will spread their losses through their reinsurance contracts.
- Lloyds worked with Allianz Nederland and British reinsurance broker Benfield to create the policy, co-insured by Watkins.
- To be eligible for government reinsurance, businesses would have to offer affordable coverage to all of their workers.
- Just over half this total headcount works in the funds administration business, with the balance occupied in a range of activities, such as capital markets, treasury, asset leasing and reinsurance.
- A reinsurance company shall, in light of main insurance business categories, separately disclose the reinsurance premium incomes and the ceded insurance premiums.
- This demand for quants has led to the creation of specialized Masters and PhD courses in mathematical finance, computational finance, and/or financial reinsurance.
