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Reinsurance
(redirected from Reinsurance companies)

    Also found in: Medical, Legal, Wikipedia 0.04 sec.
Reinsurance
The process of insurance companies insuring underwritten policies with other institutions in order to offset exposure.

Notes:
This procedure is used by insurance companies to reduce outright risks associated with underwritten policies by spreading risks across alternative institutions. It's like buying an insurance policy for an insurance policy.

Reinsurance
The spreading of risk and division of client premiums among insurance companies allowing the sharing of the burden of a large risk.


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