Meaning of reinsurance
Definition of reinsurance
(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"
Other information on reinsurance
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reinsurance
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reinsurance
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