Reinsurance - Wikipedia Reinsurance is insurance that an insurance company purchases from another insurance company to insulate itself (at least in part) from the risk of a major claims event [1] With reinsurance, the company passes on ("cedes") some part of its own insurance liabilities to the other insurance company
What is Reinsured? - Definition from Insuranceopedia Reinsurance is essential for preventing an insurance company from going bankrupt if numerous claims are filed simultaneously This definition explains the meaning of Reinsured and why it matters
REINSURE Definition Meaning - Merriam-Webster The meaning of REINSURE is to insure again by transferring to another insurance company all or a part of a liability assumed How to use reinsure in a sentence
Basics of Reinsurance - Munich Re Reinsurers pay the balance of losses that exceed this amount – but only up to a pre-agreed limit (Hence the terminology ‘Excess of Loss’ XoL ) on an XoL basis Loss can mean a single loss or an aggregation of losses The premium is calculated and paid upfront
Reinsured - definition of reinsured by The Free Dictionary Define reinsured reinsured synonyms, reinsured pronunciation, reinsured translation, English dictionary definition of reinsured tr v re·in·sured , re·in·sur·ing , re·in·sures To insure again, especially by transferring all or part of the risk in a contract to a new contract with
Understanding Reinsurance: A Key to Reducing Insurance Risk Reinsurance is a vital tool for insurance companies to manage their risks and ensure they have enough capital to pay out claims This is because reinsurers take on some of the risk of an insurance company's policies, allowing them to reinsure their policies and reduce their exposure
Insurance Topics | Reinsurance | NAIC Overview: Reinsurance is an essential tool insurance companies use to manage risks and the amount of capital they must hold to support those risks Insurers may use reinsurance to achieve an optimal targeted risk profile
What Is Reinsurance? - SmartFinancial Reinsurance is insurance that insurance companies buy to help insure against high-cost claims The party being reinsured is typically called the ceding company Reinsurance often comes into play when a specific area is affected by a disaster, spiking the number of claims
Reinsurance: How it Works, Types, and Examples - SuperMoney Reinsurance is a contractual agreement in which an insurance company transfers some of its risks to another insurance company to reduce its liability in the event of a claim The reinsurer then assumes responsibility for the ceded risk, either in whole or in part, depending on the agreement