reinsurance

noun

re·​in·​sur·​ance ˌrē-ən-ˈshu̇r-ən(t)s How to pronounce reinsurance (audio)
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
Examples are automatically compiled from online sources to show current usage. Read More Opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback.
The company continues to focus on strategic initiatives to enhance shareholder value, including capital management activities such as share repurchases and exploring finality solutions for reinsurance liabilities. Quartz Intelligence Newsroom, Quartz, 10 Mar. 2025 Within the reports, insurers would be required to breakdown a number of costs, including; profits, litigation fees, affiliate payments, claims, and reinsurance. Matthew Robinson, Newsweek, 4 Mar. 2025 The reinsurance reforms have already saved State Farm hundreds of millions after California became the last state in the nation to adopt the policy. Emily Hallas, Washington Examiner - Political News and Conservative Analysis About Congress, the President, and the Federal Government, 1 Mar. 2025 The paper projects that this reinsurance shock could result in annual premiums going up $700 by 2053. Jennifer Castenson, Forbes, 14 Jan. 2025 See All Example Sentences for reinsurance

Word History

First Known Use

1705, in the meaning defined above

Time Traveler
The first known use of reinsurance was in 1705

Cite this Entry

“Reinsurance.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/reinsurance. Accessed 24 Mar. 2025.

Legal Definition

reinsurance

noun
re·​in·​sur·​ance ˌrē-ən-ˈshu̇r-əns, -ˈin-ˌshu̇r- How to pronounce reinsurance (audio)
: 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

More from Merriam-Webster on reinsurance

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