reinsurance
noun
re·in·sur·ance
ˌrē-ən-ˈshu̇r-ən(t)s 
ˌrē-ən-ˈshər-,
also (ˌ)rē-ˈin-ˌshu̇r-,
(ˌ)rē-ˈin-ˌshə̇r-
: insurance by another insurer of all or a part of a risk previously assumed by an insurance company
Examples of reinsurance in a Sentence
Recent Examples on the Web
Under the rule, insurance companies are permitted to pass on the cost of reinsurance to consumers, although at an amount that can’t exceed an industry standard.
—
Janhvi Bhojwani, NBC News, 10 Jan. 2025
JPMorgan believes that rising loss estimates increase the likelihood of reinsurance attachments at various insurers being breached.
—Yun Li, CNBC, 10 Jan. 2025
California is the only state that doesn't already allow the cost of reinsurance to be borne by policyholders, according to Lara's office.
—Aimee Picchi, CBS News, 9 Jan. 2025
That conflagration was the single costliest natural disaster in the world that year with $12.5 billion in covered losses and $16.5 billion in total losses, according to the reinsurance firm, Munich RE.
—Laurence Darmiento, Los Angeles Times, 9 Jan. 2025
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Janhvi Bhojwani, NBC News, 10 Jan. 2025
JPMorgan believes that rising loss estimates increase the likelihood of reinsurance attachments at various insurers being breached.
—Yun Li, CNBC, 10 Jan. 2025
California is the only state that doesn't already allow the cost of reinsurance to be borne by policyholders, according to Lara's office.
—Aimee Picchi, CBS News, 9 Jan. 2025
That conflagration was the single costliest natural disaster in the world that year with $12.5 billion in covered losses and $16.5 billion in total losses, according to the reinsurance firm, Munich RE.
—Laurence Darmiento, Los Angeles Times, 9 Jan. 2025
See all Example Sentences for reinsurance
Dictionary Entries Near reinsurance
Cite this Entry
“Reinsurance.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/reinsurance. Accessed 19 Jan. 2025.
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reinsurance
noun
re·in·sur·ance
ˌrē-ən-ˈshu̇r-əns, -ˈin-ˌshu̇r-
: insurance or indemnification by a second insurer of all or part of a risk assumed by another insurer as contracted for by the first insurer see also cede compare direct insurance, retrocession sense 3
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