Etymology

1. reinsurance

noun. ['ˌriːɪnˈʃʊrəns'] 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.

Etymology

  • insurance (English)
  • re- (English)

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Words that Rhyme with Reinsurance

  • reassurance
  • assurance
  • durrance

Example sentences of the word reinsurance


1. Noun, singular or mass
Profit commissions are not guaranteed but stem from an agreed-upon formula between the insurance company and the reinsurance company.

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