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Definition of Reinsurance in English :

Define Reinsurance in English

Reinsurance meaning in English

Meaning of Reinsurance in English

Pronunciation of Reinsurance in English

Reinsurance pronunciation in English

Pronounce Reinsurance in English

Reinsurance

see synonyms of reinsurance

Noun

1. reinsurance

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

Example Sentences:
'reinsurance enables a client to get coverage that would be too great for any one company to assume'

WordNet Lexical Database for English. Princeton University. 2010.

Reinsurance

see synonyms of reinsurance
tr.v. re·in·sured, re·in·sur·ing, re·in·sures
To insure again, especially by transferring all or part of the risk in a contract to a new contract with another insurance company.

The American Heritage ® Dictionary of the English Language, Fifth Edition copyright ©2018 by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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