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
By learning from each incident and anticipating future challenges, insurance and reinsurance firms can better serve their clients and strengthen their market positions in an increasingly digital world.
—
Matt Cullina, Forbes, 14 Oct. 2024
These plans typically expect monthly reinsurance, which means Medicare payments cover part of the costs of prescription drugs when the catastrophic threshold is reached.
—Shirleen Guerra | The Center Square, Washington Examiner - Political News and Conservative Analysis About Congress, the President, and the Federal Government, 6 Oct. 2024
Only 941 of 140,000 housing units in the county had active flood insurance policies, according to Swiss Re, a global insurance and reinsurance company.
—Eduardo Cuevas, USA TODAY, 6 Oct. 2024
To spread that risk, insurance companies will together get reinsurance policies that help pay major claims.
—Alan Neuhauser, Axios, 6 Sep. 2024
See all Example Sentences for reinsurance 
Matt Cullina, Forbes, 14 Oct. 2024
These plans typically expect monthly reinsurance, which means Medicare payments cover part of the costs of prescription drugs when the catastrophic threshold is reached.
—Shirleen Guerra | The Center Square, Washington Examiner - Political News and Conservative Analysis About Congress, the President, and the Federal Government, 6 Oct. 2024
Only 941 of 140,000 housing units in the county had active flood insurance policies, according to Swiss Re, a global insurance and reinsurance company.
—Eduardo Cuevas, USA TODAY, 6 Oct. 2024
To spread that risk, insurance companies will together get reinsurance policies that help pay major claims.
—Alan Neuhauser, Axios, 6 Sep. 2024
See all Example Sentences for reinsurance
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“Reinsurance.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/reinsurance. Accessed 30 Oct. 2024.
Copy CitationLegal Definition
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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