reinsurance

noun

re·​in·​sur·​ance ˌrē-ən-ˈshu̇r-ən(t)s How to pronounce reinsurance (audio)
ˌrē-ən-ˈshər-,
 also  (ˌ)rē-ˈin-ˌshu̇r-,
(ˌ)rē-ˈin-ˌshə̇r-
: insurance by another insurer of all or a part of a risk previously assumed by an insurance company

Examples of reinsurance in a Sentence

Recent Examples on the Web
Examples are automatically compiled from online sources to show current usage. Read More Opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback.
Not achieving it, though, could cost double that, according to global reinsurance company Swiss Re. Alan Ohnsman, Forbes.com, 2 June 2025 The reinsurance policies typically only kick in after about 400 million euros worth of losses are absorbed by the primary insurance provider. Ganesh Rao, CNBC, 25 May 2025 Insurance companies use layers of protection, such as reinsurance, cash reserves, diversification, and monitoring market conditions, to protect against large-scale losses. True Tamplin, Forbes, 15 Mar. 2025 For more than 40 years, NOAA’s database tracked extreme weather and climate disasters that cost over $1 billion — standardized, inflation-adjusted, and aggregated from private insurers, reinsurance models, and local governments. Phil De Luna, Forbes.com, 8 May 2025 See All Example Sentences for reinsurance

Word History

First Known Use

1705, in the meaning defined above

Time Traveler
The first known use of reinsurance was in 1705

Cite this Entry

“Reinsurance.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/reinsurance. Accessed 10 Jun. 2025.

Legal Definition

reinsurance

noun
re·​in·​sur·​ance ˌrē-ən-ˈshu̇r-əns, -ˈin-ˌshu̇r- How to pronounce reinsurance (audio)
: insurance or indemnification by a second insurer of all or part of a risk assumed by another insurer as contracted for by the first insurer see also cede compare direct insurance, retrocession sense 3

More from Merriam-Webster on reinsurance

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