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Reinsurance
(redirected from Stop-Loss Insurance)

   Also found in: Dictionary/thesaurus, Medical, Legal, Wikipedia 0.03 sec.
Reinsurance
The spreading of risk and division of client premiums among insurance companies allowing the sharing of the burden of a large risk.

Reinsurance
An insurance policy for insurers. In reinsurance, one insurer cedes a portion of its portfolio of policyholders to another insurer in exchange for paying a fee. There exists the possibility that too many policyholders will make a claim and a single insurer will be unable to pay the benefit without ruining itself. This is especially true for disaster insurance and other similar policies. Reinsurance reduces this risk. It is also called stop-loss insurance.


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Employee Benefits business said today it will offer unlimited annual and lifetime maximum stop-loss insurance coverage to businesses that self-fund their health plans.
The arrangement combines Aetna's network of physicians and facilities with Principal's network and stop-loss insurance products, while offering wellness and disease-management programs to improve employee health.
A bill under consideration by Texas lawmakers to change the way the state collects revenues on stop-loss insurance carriers would raise the cost of plans for self-insured employers, according to lobbyists for the self-insurance industry.
 
 
 
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