reinsurance

English

Etymology

From re- +‎ insurance.

Pronunciation

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Noun

reinsurance (countable and uncountable, plural reinsurances)

1. (business, insurance) Insurance purchased by insurance companies that spreads the risk associated with selling insurance around so the danger of one large monetary loss is minimized.
   • 2019 June 19, “Sompo International to Leverage AIR's Innovative Casualty Analytics Solution for Multi-Line Risk Analysis”, in CNN Money‎:

     Catastrophe modeling firm AIR Worldwide (AIR) today announced that Sompo International, a global specialty provider of property and casualty insurance and reinsurance, is leveraging AIR's casualty analytics platform, Arium, to better understand and quantify its liability and loss potential across multiple commercial liability lines of business.

Derived terms

• Re

Translations

insurance purchased by insurance companies

Arabic: إِعَادَةُ تَأْمِين f (ʔiʕādatu taʔmīn) Bulgarian: презастраховане n (prezastrahovane) Chinese: Mandarin: please add this translation if you can Danish: please add this translation if you can Dutch: herverzekering (nl) f Finnish: jälleenvakuutus (fi) French: réassurance (fr) f German: Rückversicherung (de) f Greek: αντασφάλεια (el) f (antasfáleia) Italian: riassicurazione f Polish: reasekuracja f Russian: перестрахо́вка (ru) f (perestraxóvka), перестрахова́ние (ru) n (perestraxovánije) Spanish: reaseguro m Swedish: återförsäkring (sv) c Turkish: please add this translation if you can