reinsurance Meaning in the Cambridge English Dictionary Cambridge dictionaries logo
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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
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)
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