reinsurance in a sentence
n.
📚 Grade Level: Grade 9, Grade 10, Grade 11, Grade 12
Definition
Reinsurance is a financial arrangement in which one insurance company transfers a portion of its risk to another insurer to manage potential losses and enhance financial stability.
Crossword clues for reinsurance
Crossword clue ideas and answer hints for the word "reinsurance".
- Insurance for insurers to share risk and stabilize finances.
- Secondary coverage to protect against large losses.
- One insurer transfers risk to another for safety.
- A method to reduce potential financial liability.
- Backup support for insurance companies managing risk.
Reinsurance sentence examples
- Reinsurance allows insurance companies to manage their risk more effectively.
- The insurer sought reinsurance to cover potential losses from natural disasters.
- In the complex world of finance, reinsurance plays a crucial role in stabilizing the insurance market.
- Many companies rely on reinsurance to ensure they can meet their policyholder obligations during catastrophic events.
- Understanding the intricacies of reinsurance is essential for anyone working in the insurance industry.