Pronunciation · Spelling · Definition
How to say: reinsurance
Spelling:
Reinsurance
Syllables
reinsurance
US accent
/ɹˌiːɪnʃˈʊɹɹəns/
UK accent
/ɹˌiːɪnʃˈʊəɹəns/
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Definition
Definition — 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
e.g. “reinsurance enables a client to get coverage that would be too great for any one company to assume”