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reinsurance
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The answer REINSURANCE has 0 possible clue(s) in existing crosswords.
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Definitions of reinsurance in various dictionaries:
noun - sharing the risk by insurance companies
REINSURANCE - Reinsurance is insurance that is purchased by an insurance company. In the classic case, reinsurance allows insurance companies to remain solvent aft...
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Possible Dictionary Clues |
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Insurance purchased by insurance companies that spreads the risk associated with selling insurance around so the danger of one large monetary loss is minimized. |
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 |
insurance bought by an insurance company to protect itself against large demands from its customers: |
Reinsurance description |
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Reinsurance is insurance that is purchased by an insurance company. In the classic case, reinsurance allows insurance companies to remain solvent after major claims events, such as major disasters like hurricanes and wildfires. In addition to its basic role in risk management, reinsurance is sometimes used for tax mitigation and other reasons. The company that purchases the reinsurance policy is called a "ceding company" or "cedent" or "cedant" under most arrangements. The company issuing the reinsurance policy is referred simply as the "reinsurer". * A company that purchases reinsurance pays a premium to the reinsurance company, who in exchange would pay a share of the claims incurred by the purchasing company. The reinsurer may be either a specialist reinsurance company, which only undertakes reinsurance business, or another insurance company. Insurance companies that sell reinsurance refer to the business as 'assumed reinsurance'. * There are two basic methods of reinsurance:* Facultat |