reinsurance

Noun
  1. 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 (synset 113369471)
    "reinsurance enables a client to get coverage that would be too great for any one company to assume"
    is a type of: insurance - promise of reimbursement in the case of loss; paid to people or companies so concerned about hazards that they have made prepayments to an insurance company

Other Searches