Vocab Bloom Hub

reinsurance

/ˌriː.ɪnˈʃʊər.əns/

1 entry

noun

/ˌriː.ɪnˈʃʊər.əns/C1formalbusiness
  • ruПрактика, при которой страховая компания передает часть или весь свой риск другой страховой компании в обмен на часть премии, уплаченной страхователем.

A noun referring to the practice in which an insurance company transfers part or all of its risk to another insurance company in exchange for a portion of the premium paid by the policyholder.

uncountable

  1. Risk transfer between insurersC1formalbusiness

    An arrangement where an insurance company transfers part or all of its risk to another insurance company in exchange for a portion of the premium.

    ruПерестрахование

    • The primary insurer purchased reinsurance to protect against catastrophic losses.
    • Reinsurance allows companies to underwrite larger policies than they could alone.
    • The reinsurance contract specified the terms of risk sharing between the two firms.
Forms
  • reinsurances plural form
  • reinsurances' possessive plural form
  • reinsurance's possessive singular form