Reinsurance vs. Reassurance

Reinsurancenoun

Insurance purchased by insurance companies that spreads the risk associated with selling insurance around so the danger of one large monetary loss is minimized.

Reinsurancenoun

Insurance a second time or again; renewed insurance.

Reinsurancenoun

A contract by which an insurer is insured wholly or in part against the risk he has incurred in insuring somebody else. See Reassurance.

Reinsurancenoun

sharing the risk by insurance companies; part or all of the insurer's risk is assumed by other companies in return for part of the premium paid by the insured;

Reinsurance

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. With reinsurance, the company passes on () some part of its own insurance liabilities to the other insurance company.

Reassurancenoun

The feeling of being reassured, of having confidence restored, of having apprehensions dispelled.

Reassurancenoun

The act of confirming someone's opinion or impression. en

Reassurancenoun

Reinsurance.

Reassurancenoun

Assurance or confirmation renewed or repeated.

Reassurancenoun

Same as Reinsurance.

Reassurancenoun

the act of reassuring; restoring someone's confidence