reinsurance
noun
re·in·sur·ance
ˌrē-ən-ˈshu̇r-ən(t)s 
ˌrē-ən-ˈshər-,
also (ˌ)rē-ˈin-ˌshu̇r-,
(ˌ)rē-ˈin-ˌshə̇r-
: insurance by another insurer of all or a part of a risk previously assumed by an insurance company
Examples of reinsurance in a Sentence
Recent Examples on the Web
The global reinsurance industry ended last year with $670 billion in capital, according to Aon, an insurance broker.
—
Peter Eavis, New York Times, 5 Apr. 2024
And reinsurance has gone up between 30% and 40% after years of losses in the industry, according to Matthew Carletti, an insurance industry analyst for JMP Securities.
—Nathaniel Meyersohn, CNN, 29 Mar. 2024
States and the federal government need to substantially increase investments in community risk reduction, home fortification and loss mitigation, and develop strategies to reduce insurers’ overreliance on unregulated, global reinsurance.
—USA TODAY, 13 Mar. 2024
The state’s reinsurance program — which reimburses insurers for a portion of the costs from patients who require the most expensive care — also has helped lower the cost of coverage and brought more carriers to the market, Ratner said.
—Angela Roberts, Baltimore Sun, 18 Jan. 2024
Approvals take too long and don’t allow the plan to include the cost of reinsurance — which helps insurers absorb losses — or to factor in catastrophe risk models.
—John Woolfolk, The Mercury News, 23 Mar. 2024
Some blamed a spike in the cost of reinsurance — insurance policies that insurance companies buy to cover their big losses — and financial strains caused by inflation that have made materials and labor for home repair and rebuilding costly.
—Ruben Vives, Los Angeles Times, 15 Mar. 2024
And it’s also been a hard market for reinsurance, which is essentially insurance for insurance companies.
—Alena Botros, Fortune, 20 Jan. 2024
That’s why cat bonds have emerged as an alternative form of insurance where a larger pool of investors, not just a few reinsurance companies, can absorb some of the risk.
—Dylan Sloan, Fortune, 31 Jan. 2024
Peter Eavis, New York Times, 5 Apr. 2024
And reinsurance has gone up between 30% and 40% after years of losses in the industry, according to Matthew Carletti, an insurance industry analyst for JMP Securities.
—Nathaniel Meyersohn, CNN, 29 Mar. 2024
States and the federal government need to substantially increase investments in community risk reduction, home fortification and loss mitigation, and develop strategies to reduce insurers’ overreliance on unregulated, global reinsurance.
—USA TODAY, 13 Mar. 2024
The state’s reinsurance program — which reimburses insurers for a portion of the costs from patients who require the most expensive care — also has helped lower the cost of coverage and brought more carriers to the market, Ratner said.
—Angela Roberts, Baltimore Sun, 18 Jan. 2024
Approvals take too long and don’t allow the plan to include the cost of reinsurance — which helps insurers absorb losses — or to factor in catastrophe risk models.
—John Woolfolk, The Mercury News, 23 Mar. 2024
Some blamed a spike in the cost of reinsurance — insurance policies that insurance companies buy to cover their big losses — and financial strains caused by inflation that have made materials and labor for home repair and rebuilding costly.
—Ruben Vives, Los Angeles Times, 15 Mar. 2024
And it’s also been a hard market for reinsurance, which is essentially insurance for insurance companies.
—Alena Botros, Fortune, 20 Jan. 2024
That’s why cat bonds have emerged as an alternative form of insurance where a larger pool of investors, not just a few reinsurance companies, can absorb some of the risk.
—Dylan Sloan, Fortune, 31 Jan. 2024
These examples are programmatically compiled from various online sources to illustrate current usage of the word 'reinsurance.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.
Dictionary Entries Near reinsurance
Cite this Entry
“Reinsurance.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/reinsurance. Accessed 18 Apr. 2024.
Copy CitationLegal Definition
reinsurance
noun
re·in·sur·ance
ˌrē-ən-ˈshu̇r-əns, -ˈin-ˌshu̇r-
: insurance or indemnification by a second insurer of all or part of a risk assumed by another insurer as contracted for by the first insurer see also cede compare direct insurance, retrocession sense 3
Love words? Need even more definitions?
Merriam-Webster unabridged
Share