Definition of Reinsurance

1. 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"

Generic synonyms: Insurance
Derivative terms: Reinsure



Definition of Reinsurance

1. n. Insurance a second time or again; renewed insurance.

Definition of Reinsurance

1. Noun. (business finance) Insurance purchased by insurance companies that spreads the risk associated with selling insurance around so the danger of one large monetary loss is minimized. ¹

¹ Source: wiktionary.com

Definition of Reinsurance

1. insurance [n -S] - See also: insurance

Reinsurance Pictures

Click the following link to bring up a new window with an automated collection of images related to the term: Reinsurance Images

Lexicographical Neighbors of Reinsurance

reinstitutionalises
reinstitutionalising
reinstitutionalization
reinstitutionalize
reinstitutionalized
reinstitutionalizes
reinstitutionalizing
reinstruct
reinstructed
reinstructing
reinstructs
reinsulate
reinsulated
reinsulates
reinsulating
reinsurance (current term)
reinsurances
reinsure
reinsured
reinsurer
reinsurers
reinsures
reinsuring
reintegrate
reintegrated
reintegrates
reintegrating
reintegration
reintegrations
reintegrative

Literary usage of Reinsurance

Below you will find example usage of this term as found in modern and/or classical literature:

1. Marine Insurance: Its Principles and Practice by William David Winter (1919)
"The profit in this interchange of reinsurance is known as arbitrage. reinsurance of Unterminated Risks.—In some cases through mismanagement or through a ..."

2. Marine Insurance: Its Principles and Practice by William D. Winter (1919)
"Under this form of contract reinsurance, the geographical and time limits are definitely set forth and a clause is inserted to the effect that such ..."

3. Insurance Regulation and Supervision in Asia by Centre for Co-operation with Non-members (1999)
"From a technical point of view. a proper reinsurance scheme enables insurance ... In this sense, reinsurance is ihe technical way to optimise the risk ..."

4. Handbook of the Law of Insurance by William Reynolds Vance (1904)
"31) THE CONTRACT OF reinsurance. the Knights of Pythias is not a regular life ... THE CONTRACT OF reinsurance. 31. reinsurance la a contract whereby the ..."

5. Insurance Regulation and Supervision in Asia and Latin America by Oecd, Centre for Co-operation with Non-members, SourceOECD (Online service), Ishii, Hisaya (2001)
"reinsurance (a1 Regulation and Supervision on reinsurance Arrangements Seven Asian economies (Hong Kong, India. Macau, Malaysia, the Philippines, ..."

6. Insurance Regulation and Supervision in Latin America: A Comparative Assessment by Oecd, OECD Staff, Yasumasa Tahara (2003)
"After the opening-up of its reinsurance market, reinsurance specialists can be established with a special authorisation of the ..."

7. A Treatise on Marine, Fire, Life, Accident and All Other Insurances by Joseph Asbury Joyce (1897)
"reinsurance: The risk. j 120. Duration of risk may be controlled by original ... Proofs of loss in reinsurance. 5 131. Extent of reinsurer's liability. ..."

Other Resources Relating to: Reinsurance

Search for Reinsurance on Dictionary.com!Search for Reinsurance on Thesaurus.com!Search for Reinsurance on Google!Search for Reinsurance on Wikipedia!