reinsurance Meaning in the Cambridge English Dictionary
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Meaning of “reinsurance” in the English Dictionary

"reinsurance" in Business English

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reinsurancenoun [U]

(also re-insurance) uk   us   /ˌriːɪnˈʃɔːrəns/ INSURANCE
insurancebought by an ​insurancecompany to ​protect itself against large ​demands from its ​customers: The ​cost of reinsurance has ​risen 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)
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