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 The most recent use of reinsurance merely put a Band-Aid on a problem that requires a tourniquet. Dp Opinion, The Denver Post, "Letters: Strike puts teachers first; Health care cost shifting, again; In defense of Kroenke," 16 Oct. 2019 Insurance Commissioner Trinidad Navarro also credits Delaware’s newly approved reinsurance program with helping reduce rates. USA TODAY, "Hershey beer, sassafras sickness, demolition mystery: News from around our 50 states," 3 Oct. 2019 House Minority Leader Kurt Daudt, R-Crown, reiterated that Democrats were largely opposed to reinsurance. Christopher Magan, Twin Cities, "MN health insurance rates for individuals and small groups remain stable," 1 Oct. 2019 Throughout his tenure as governor, Hogan has oscillated between forging bipartisan alliances — such as crafting a reinsurance plan with Democratic leaders that lowered some health care premium costs — and clashing with rivals across the aisle. Luke Broadwater, baltimoresun.com, "Maryland Democrats deride Gov. Hogan's pledge of bipartisanship as he withholds money intended for Baltimore," 7 July 2019 Markel, a speciality and small business insurer headquartered in Glen Allen, Va., is a holding company for insurance, reinsurance, and investment operations around the world. Fortune, "Markel," 1 July 2019 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

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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First Known Use of reinsurance

1705, in the meaning defined above

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Statistics for reinsurance

Last Updated

13 Nov 2019

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- 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

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