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reinsurance

5 senses · Free VividLex dictionary · Thesaurus

  1. 1. n. Insurance a second time or again; renewed insurance. Source: opted
  2. 2. 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. Source: opted
  3. 3. 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 Source: wordnet
  4. 4. 1. Insurance a second time or again; renewed insurance. 2. A contract by which an insurer is insured wholly or in part against the risk he has incurred in insuring somebody else. See Reassurance. Source: webster
  5. 5. n:100 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 Source: ecdict

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