Business name word

Reinsurance

Insurance purchased by insurance companies that spreads the risk associated with selling insurance around so the danger of one large monetary loss is minimized. Such insurance and catastrophe bonds are backstops to insurer insolvency from unexpectedly large losses.

Pronunciation: /ˌɹi.ɪnˈʃʊɹ.əns/, /ˌɹi.ɪnˈʃɝ.əns/

What “Reinsurance” means

Noun

  1. Insurance purchased by insurance companies that spreads the risk associated with selling insurance around so the danger of one large monetary loss is minimized. Such insurance and catastrophe bonds are backstops to insurer insolvency from unexpectedly large losses.

Where the word comes from

Etymology tree Proto-Italic *wre- Latin re-der. Old French re-bor. Middle English re- English re- English insurance English reinsurance From re- + insurance.

Meanings and etymology from Wiktionary, available under CC BY-SA 4.0.

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