reinsurance Meaning in Cambridge Business English Dictionary
Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

Meaning of "reinsurance" - Business English Dictionary

reinsurance

noun [U] ( also re-insurance)
 
 
/ˌriːɪnˈʃɔːrəns/ INSURANCE
insurance bought by an insurance company to protect itself against large demands from its customers: The cost of reinsurance has risen dramatically.buy/purchase/sell reinsurance It plans to buy about $335 million of reinsurance to protect against environmental and other liabilities. a reinsurance business/broker/company the reinsurance industry/market
(Definition of reinsurance from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of reinsurance?
Add Cambridge dictionaries to your browser to your website
Word of the Day
hurdle

a frame or fence for jumping over in a race

Word of the Day

Are you a glass-half-full person? (Everyday Idioms)
Are you a glass-half-full person? (Everyday Idioms)
by Kate Woodford,
July 29, 2015
A reader of this blog recently asked for a post on idioms that are used in everyday English. This seemed like a reasonable request. After all, if you are going to make the effort to learn a set of English idioms, you want those idioms to be useful. The question, then, was

Read More 

exoskeleton noun
exoskeleton noun
July 27, 2015
a robotic device which goes around the legs and part of the body of a person who cannot walk and allows them to move independently and in an upright position The device, known as an exoskeleton, is strapped to the outside of a person’s limbs and can then be controlled by them.

Read More