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Word | Reinsurance |
German Meaning | Rückversicherung |
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 enables a client to get coverage that would be too great for any one company to assume / sharing the risk by insurance companies / Insurance a second time or again / 0, | |
Usage | ⇒ His father has given an application for reinsurance in the bank ⇒ cozy waterfront cottage in a peaceful country setting |
Synonyms | reassurance, reinsurances, reinsure, alleviation, assertion, assuagement, assurance, comfort, consolation, coverage, declaration, ease, encouragement, guarantee, indemnity, insurance, mitigation, oath, pledge, protection, |
Antonyms | |
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