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.
- insurance (English)
- re- (English)
Words that Rhyme with Reinsurance
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.