verb
- present participle of reinsure; transferring part of an insurance risk to another insurance company
Usage: insurance industry term
Examples
- The insurance company is reinsuring its hurricane policies with a larger firm.
- By reinsuring part of their portfolio, they reduced their exposure to major losses.
- The process of reinsuring helps smaller insurers manage catastrophic risks.
- They are reinsuring 60% of their earthquake coverage this year.
- Reinsuring allows companies to take on more policies than they could handle alone.
- The firm specializes in reinsuring life insurance policies for other companies.