Meaning of the word reinsurance in English
What does reinsurance mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.
reinsurance
US /ˌriː.ɪnˈʃʊr.əns/
UK /ˌriːɪnˈʃɔːrəns/
Noun
insurance that an insurance company buys from another insurance company to protect itself from large losses
Example:
•
The company decided to purchase reinsurance to mitigate its exposure to catastrophic events.
•
Reinsurance helps stabilize the insurance market by spreading risk.
Synonym: