bn:00066980n
Noun Concept
Categories: Reinsurance, All articles needing additional references, Actuarial science
EN
reinsurance  reinsurer  Facultative Reinsurance  double insurance  excess-of-loss reinsurance
EN
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 WordNet 3.0
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EN
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 WordNet 3.0 & Open English WordNet
Reinsurance is insurance that an insurance company purchases from another insurance company to insulate itself from the risk of a major claims event. Wikipedia
Insurance that is purchased by an insurance company, in which some part of its own insurance liabilities is passed on to another insurance company Wikidata
Insurance purchased by insurance companies that spreads the risk associated with selling insurance around so the danger of one large monetary loss is minimized. OmegaWiki
A provider of reinsurance. OmegaWiki
Insurance purchased by insurance companies. Wiktionary (translation)
EN
Reinsurance enables a client to get coverage that would be too great for any one company to assume WordNet 3.0 & Open English WordNet