reinsurance

Definitions 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”
    see moresee less
    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
Word Family
EDITOR’S CHOICE

Test prep from the experts

Boost your test score with programs developed by Vocabulary.com’s experts.

  • Proven methods: Learn faster, remember longer with our scientific approach.
  • Personalized plan: We customize your experience to maximize your learning.
  • Strategic studying: Focus on the words that are most crucial for success.

SAT/PSAT

$29.95
  • Number of words: 500+
  • Duration: 8 weeks or less
  • Time: 1 hour / week

TOEFL

$29.95
  • Number of words: 500+
  • Duration: 10 weeks or less
  • Time: 1 hour / week