English dictionary
reinsurance meaning and definition
Definition and meaning of reinsurance at MeaningMonkey.org. reinsurance meaning and definition in the English Dictionary.REINSURANCE noun
Definition of reinsurance (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"
Source: Princeton University Wordnet