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Synonyms for

Reinsurance

Noun / ˌri:ɪˈnʃʊrʌns / Another word for reinsurance — explore alternatives below. For syllable breakdowns and pronunciation, see this word on Syllablesworld.

Definition

Reinsurance is a type of insurance that insurance companies purchase to protect themselves from financial losses.

Synonyms & similar words

coverage protection indemnity assurance security guarantee backstop safeguard coverage backup support reassurance underwriting defensive safety shelter recourse hedge buffer umbrella

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Example sentences

  1. The insurance company purchased reinsurance to protect themselves.
  2. Reinsurance helps insurance companies manage risks.
  3. The reinsurance policy covered the cost of the damages.
  4. Without reinsurance, insurance companies would be at a higher financial risk.
  5. Reinsurance provides a safety net for insurance companies.

Quotes

  • Reinsurance is like insurance for insurance companies.
  • Reinsurance acts as a safety net for insurance companies.
  • Without reinsurance, insurance companies would face higher financial risks.

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