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Part or all of the insurer's risk is assumed by other companies in return for part of the premium paid by the insured
Answer for the clue "Part or all of the insurer's risk is assumed by other companies in return for part of the premium paid by the insured ", 11 letters:
Alternative clues for the word reinsurance
Word definitions for reinsurance in dictionaries
Word definitions in Wiktionary
n. (context business finance English) insurance purchased by insurance company that spreads the risk associated with selling insurance around so the danger of one large monetary loss is minimized.
Word definitions in Wikipedia
Reinsurance is insurance that is purchased by an insurance company (the "ceding company" or "cedent" or "cedant" under the arrangement) from one or more other insurance companies (the "reinsurer") directly or through a broker as a means of risk management ...
Word definitions in WordNet
n. 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; "reinsurance enables a client to get coverage that would be too great for any one company ...
The Collaborative International Dictionary
Word definitions in The Collaborative International Dictionary
Reinsurance \Re`in*sur"ance\ (-sh?r"ans), n. Insurance a second time or again; renewed insurance. A contract by which an insurer is insured wholly or in part against the risk he has incurred in insuring somebody else. See Reassurance .
Usage examples of reinsurance.
Minute after minute slipped away, while the ladies, with imperfect skill, discussed the subject of reinsurance or praised their anonymous friend.
Subjects such as maritime insurance and reinsurance demand careful study because I have no experience of them.
So far as appeared this Reinsurance Treaty probably had suggested the wording of the analogous formula which the Chancellor was proposing to myself.