reinsurance

noun
re·​in·​sur·​ance | \ ˌrē-ən-ˈshu̇r-ən(t)s How to pronounce reinsurance (audio) , ˌrē-ən-ˈshər- also (ˌ)rē-ˈin-ˌshu̇r-, (ˌ)rē-ˈin-ˌshə̇r-\

Definition of reinsurance

: 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

In 2005, for instance, Swiss Re, the world’s largest reinsurance company, sponsored a study at the Center for Health and the Global Environment, at Harvard Medical School. Bill Mckibben, The New Yorker, "Money Is the Oxygen on Which the Fire of Global Warming Burns," 17 Sep. 2019 Since debuting in the 1990s, parametric insurance has mostly been confined to the reinsurance of catastrophic events. The Economist, "The future of insurance is happening without insurance firms," 20 July 2019 That reinsurance from major European insurers protects the CEA against the possibility of bankruptcy, according to Pomeroy. Ed Leefeldt, CBS News, "Aftershock: Earthquake insurance rates to soar for many Californians," 10 July 2019 In 2017, with Greg Case, CEO of reinsurance giant Aon, Sweet cofounded a group called the Chicago Apprentice Network that has brought on board 25 new members in just the past year. Anne Fisher, Fortune, "Can Apprenticeships Help Close U.S. Skills Gaps?," 3 Sep. 2019 Swiss Re’s current office in Kansas City, Mo. Last year, the Swiss reinsurance company moved its office and 400 employees from Overland Park, Kan. Shayndi Raice, WSJ, "Tired of Fighting for Business, Missouri and Kansas Near Cease-Fire Over Incentives," 25 June 2019 Montana Helena: State officials say U.S. health officials have approved Montana’s plan to create a reinsurance pool that aims to lower individual health insurance premium costs. USA TODAY, "Burro bandits, sugarcane shake-up, naked bike ride: News from around our 50 states," 26 Aug. 2019 The measure included reinsurance, cost monitoring measures, a request to the federal government to allow safe drug re-importation and incentives for more healthy people to join the insurance pool. Stephen Singer, courant.com, "In summer doldrums, negotiations to begin for renewed push for Connecticut health insurance reform," 23 July 2019 Colorado is the ninth state to secure a federal waiver for a reinsurance program. Anna Staver, The Denver Post, "Colorado gets federal OK for program expected to lower marketplace health care premiums 18%," 31 July 2019

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'reinsurance.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

See More

First Known Use of reinsurance

1705, in the meaning defined above

Keep scrolling for more

Learn More about reinsurance

Statistics for reinsurance

Last Updated

2 Oct 2019

Look-up Popularity

Time Traveler for reinsurance

The first known use of reinsurance was in 1705

See more words from the same year

Keep scrolling for more

More Definitions for reinsurance

reinsurance

noun
re·​in·​sur·​ance | \ ˌrē-ən-ˈshu̇r-əns, -ˈin-ˌshu̇r- How to pronounce reinsurance (audio) \

Legal Definition of reinsurance

: 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

More from Merriam-Webster on reinsurance

Rhyming Dictionary: Words that rhyme with reinsurance

Britannica.com: Encyclopedia article about reinsurance

Comments on reinsurance

What made you want to look up reinsurance? Please tell us where you read or heard it (including the quote, if possible).

WORD OF THE DAY

suitable to be imparted to the public

Get Word of the Day daily email!

Test Your Vocabulary

Where in the World? A Quiz

  • peter bruegel tower of babel painting
  • What language does pajama come from?
How Strong Is Your Vocabulary?

Test your vocabulary with our 10-question quiz!

TAKE THE QUIZ
SCRABBLE® Sprint

Test Your Knowledge - and learn some interesting things along the way.

TAKE THE QUIZ
Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!