reinsurance

noun

re·in·sur·ance | \ ˌrē-ən-ˈshu̇r-ən(t)s

, 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.

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Dictionary Entries near reinsurance

reinstation

reinstitute

reinstitutionalization

Statistics for reinsurance

Last Updated

2 Oct 2019

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Time Traveler for reinsurance

The first known use of reinsurance was in 1705

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More Definitions for reinsurance

reinsurance

noun

re·in·sur·ance | \ ˌrē-ən-ˈshu̇r-əns, -ˈin-ˌshu̇r-

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