English dictionary
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English noun: reinsurance | |||
| 1. | reinsurance (possession) 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 | ||
| Samples | Reinsurance enables a client to get coverage that would be too great for any one company to assume. | ||
| Broader (hypernym) | insurance | ||
Based on WordNet 3.0 copyright © Princeton University.
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Web design: Orcapia v/Per Bang. English edition: .
2025 onlineordbog.dk