reinsurance
noun
re·in·sur·ance
ˌrē-ən-ˈshu̇r-ən(t)s 
ˌrē-ən-ˈshər-,
also (ˌ)rē-ˈin-ˌshu̇r-,
(ˌ)rē-ˈin-ˌshə̇r-
: 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
While new regulations let insurers pass reinsurance costs to customers and use wildfire modeling to increase rates, these changes won’t be enough to keep insurers from leaving the state.
—
Phillip Molnar, The Mercury News, 16 Jan. 2025
Insurers can now also pass along reinsurance costs to their customers.
—Ben Berkowitz, Axios, 14 Jan. 2025
Insurance companies typically buy reinsurance to avoid huge payouts in case of natural disasters or catastrophic loss.
—Aimee Picchi, CBS News, 9 Jan. 2025
The entity has issued a contract of insurance to an insured or a contract of reinsurance to an intermediary of an insured; and
3.
—Jay Adkisson, Forbes, 18 Jan. 2025
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Phillip Molnar, The Mercury News, 16 Jan. 2025
Insurers can now also pass along reinsurance costs to their customers.
—Ben Berkowitz, Axios, 14 Jan. 2025
Insurance companies typically buy reinsurance to avoid huge payouts in case of natural disasters or catastrophic loss.
—Aimee Picchi, CBS News, 9 Jan. 2025
The entity has issued a contract of insurance to an insured or a contract of reinsurance to an intermediary of an insured; and
3.
—Jay Adkisson, Forbes, 18 Jan. 2025
See all Example Sentences for reinsurance
Dictionary Entries Near reinsurance
Cite this Entry
“Reinsurance.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/reinsurance. Accessed 8 Feb. 2025.
Copy CitationLegal Definition
reinsurance
noun
re·in·sur·ance
ˌrē-ən-ˈshu̇r-əns, -ˈin-ˌshu̇r-
: 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
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