Noun: reinsurance ,ree-in'shûr-un(t)s
- 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 to assume"
Derived forms: reinsurances
Type of: insurance
Encyclopedia: Reinsurance