What does reinsure mean?

Definitions for reinsure
ˌri ɪnˈʃʊər, -ˈʃɜrrein·sure

This dictionary definitions page includes all the possible meanings, example usage and translations of the word reinsure.

Princeton's WordNet

  1. reinsureverb

    provide additional insurance for

  2. reinsureverb

    insure again by transferring to another insurance company all or a part of a liability assumed

  3. reinsureverb

    insure again by assuming all or a part of the liability of an insurance company already covering a risk

Wiktionary

  1. reinsureverb

    To insure again (extending or replacing prior insurance.)

  2. reinsureverb

    To place insurance on the contract that insures something (allowing the insurer to offset risk in the same way the insuree did).

ChatGPT

  1. reinsure

    Reinsure refers to the practice where an insurance company transfers a portion of its risk to another insurance company, known as the reinsurer. This is done to manage liability, reduce exposure to loss, protect against catastrophic events, and ensure financial stability. The insurance company that transfers the risk is known as the ceding company. The reinsurer, in return for a share of the premium, agrees to cover the specified risks and pay claims for those risks.

Webster Dictionary

  1. Reinsureverb

    to insure again after a former insuranse has ceased; to renew insurance on

  2. Reinsureverb

    to insure, as life or property, in favor of one who has taken an insurance risk upon it

Chambers 20th Century Dictionary

  1. Reinsure

    rē-in-shōōr′, v.t. to insure a second time by other underwriters.—ns. Reinsur′ance; Reinsur′er.

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Numerology

  1. Chaldean Numerology

    The numerical value of reinsure in Chaldean Numerology is: 2

  2. Pythagorean Numerology

    The numerical value of reinsure in Pythagorean Numerology is: 1

Popularity rank by frequency of use

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"reinsure." Definitions.net. STANDS4 LLC, 2024. Web. 7 Oct. 2024. <https://www.definitions.net/definition/reinsure>.

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    a sharp hand gesture (resembling a blow)
    A germ
    B jab
    C crate
    D encumbrance

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