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XL is a world class brand with very successful insurance, reinsurance and life reinsurance businesses and I look forward to helping it realize its full potential.
Mike McGavick

Meaning of "reinsurance" in the English dictionary

Dictionary
DICTIONARY
section

PRONUNCIATION OF REINSURANCE

reinsurance  [ˌriːɪnˈʃʊərəns] play
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GRAMMATICAL CATEGORY OF REINSURANCE

noun
adjective
verb
adverb
pronoun
preposition
conjunction
determiner
exclamation
Reinsurance is a noun.
A noun is a type of word the meaning of which determines reality. Nouns provide the names for all things: people, objects, sensations, feelings, etc.

WHAT DOES REINSURANCE MEAN IN ENGLISH?

Reinsurance

Reinsurance is insurance that is purchased by an insurance company from one or more other insurance companies directly or through a broker as a means of risk management, sometimes in practice including tax mitigation and other reasons described below. The ceding company and the reinsurer enter into a reinsurance agreement which details the conditions upon which the reinsurer would pay a share of the claims incurred by the ceding company. The reinsurer is paid a "reinsurance premium" by the ceding company, which issues insurance policies to its own policyholders. The reinsurer may be either a specialist reinsurance company, which only undertakes reinsurance business, or another insurance company. For example, assume an insurer sells 1,000 policies, each with a $1 million policy limit. Theoretically, the insurer could lose $1 million on each policy – totaling up to $1 billion. It may be better to pass some risk to a reinsurer as this will reduce the ceding company's exposure to risk. There are two basic methods of reinsurance: ▪ Facultative Reinsurance, which is negotiated separately for each insurance policy that is reinsured.

Definition of reinsurance in the English dictionary

The definition of reinsurance in the dictionary is partial or complete insurance coverage of an insurer from another insurer for.

WORDS THAT RHYME WITH REINSURANCE


adherence
ədˈhɪərəns
appearance
əˈpɪərəns
assurance
əˈʃʊərəns
bancassurance
ˈbæŋkəˌʃʊərəns
circumference
səˈkʌmfərəns
clearance
ˈklɪərəns
coinsurance
ˌkəʊɪnˈʃʊərəns
conference
ˈkɒnfərəns
difference
ˈdɪfərəns
disappearance
ˌdɪsəˈpɪərəns
durance
ˈdjʊərəns
endurance
ɪnˈdjʊərəns
ignorance
ˈɪɡnərəns
inference
ˈɪnfərəns
insurance
ɪnˈʃʊərəns
interference
ˌɪntəˈfɪərəns
preference
ˈprɛfərəns
reassurance
ˌriːəˈʃʊərəns
reference
ˈrɛfərəns
tolerance
ˈtɒlərəns

WORDS THAT BEGIN LIKE REINSURANCE

reinsmen
reinspect
reinspection
reinspire
reinspirit
reinstal
reinstall
reinstallation
reinstalled
reinstalling
reinstalment
reinstate
reinstatement
reinstation
reinstator
reinstitute
reinstitution
reinsurance pool
reinsure
reinsurer

WORDS THAT END LIKE REINSURANCE

advance
car insurance
customs clearance
deliverance
entrance
Fort-de-France
fragrance
France
health insurance
industrial insurance
intolerance
liability insurance
life insurance
perseverance
put in an appearance
remembrance
severance
Torrance
trance
travel insurance
zero tolerance

Synonyms and antonyms of reinsurance in the English dictionary of synonyms

SYNONYMS

Translation of «reinsurance» into 25 languages

TRANSLATOR
online translator

TRANSLATION OF REINSURANCE

Find out the translation of reinsurance to 25 languages with our English multilingual translator.
The translations of reinsurance from English to other languages presented in this section have been obtained through automatic statistical translation; where the essential translation unit is the word «reinsurance» in English.

Translator English - Chinese

再保险
1,325 millions of speakers

Translator English - Spanish

reaseguros
570 millions of speakers

English

reinsurance
510 millions of speakers

Translator English - Hindi

पुनर्बीमा
380 millions of speakers
ar

Translator English - Arabic

إعادة التأمين
280 millions of speakers

Translator English - Russian

перестрахование
278 millions of speakers

Translator English - Portuguese

resseguro
270 millions of speakers

Translator English - Bengali

পুনর্বীমাকরণ
260 millions of speakers

Translator English - French

réassurance
220 millions of speakers

Translator English - Malay

Reinsurans
190 millions of speakers

Translator English - German

Rückversicherung
180 millions of speakers

Translator English - Japanese

再保険
130 millions of speakers

Translator English - Korean

재보험
85 millions of speakers

Translator English - Javanese

Reasuransi
85 millions of speakers
vi

Translator English - Vietnamese

tái bảo hiểm
80 millions of speakers

Translator English - Tamil

மறுகாப்பீட்டு
75 millions of speakers

Translator English - Marathi

पुनर्विमा
75 millions of speakers

Translator English - Turkish

reasürans
70 millions of speakers

Translator English - Italian

riassicurazione
65 millions of speakers

Translator English - Polish

reasekuracji
50 millions of speakers

Translator English - Ukrainian

перестрахування
40 millions of speakers

Translator English - Romanian

reasigurare
30 millions of speakers
el

Translator English - Greek

αντασφάλισης
15 millions of speakers
af

Translator English - Afrikaans

herversekering
14 millions of speakers
sv

Translator English - Swedish

åter
10 millions of speakers
no

Translator English - Norwegian

reassuranse
5 millions of speakers

Trends of use of reinsurance

TRENDS

TENDENCIES OF USE OF THE TERM «REINSURANCE»

The term «reinsurance» is quite widely used and occupies the 42.775 position in our list of most widely used terms in the English dictionary.
0
100%
FREQUENCY
Quite widely used
80
/100
The map shown above gives the frequency of use of the term «reinsurance» in the different countries.
Principal search tendencies and common uses of reinsurance
List of principal searches undertaken by users to access our English online dictionary and most widely used expressions with the word «reinsurance».

FREQUENCY OF USE OF THE TERM «REINSURANCE» OVER TIME

The graph expresses the annual evolution of the frequency of use of the word «reinsurance» during the past 500 years. Its implementation is based on analysing how often the term «reinsurance» appears in digitalised printed sources in English between the year 1500 and the present day.

Examples of use in the English literature, quotes and news about reinsurance

EXAMPLES

2 QUOTES WITH «REINSURANCE»

Famous quotes and sentences with the word reinsurance.
1
Mike McGavick
XL is a world class brand with very successful insurance, reinsurance and life reinsurance businesses and I look forward to helping it realize its full potential.
2
William T. Vollmann
After college, I went to San Francisco and worked as a secretary in a reinsurance company. That was a pretty dismal job. It was a real small place. Guys would come in, and they'd sort of stick out their arms like wings so I could take their coats off. They'd tell me, 'Two,' and I'd put two lumps of sugar in their coffee.

10 ENGLISH BOOKS RELATING TO «REINSURANCE»

Discover the use of reinsurance in the following bibliographical selection. Books relating to reinsurance and brief extracts from same to provide context of its use in English literature.
1
Catastrophe Risk and Reinsurance: A Country Risk Management ...
Including the latest invaluable insights into catastrophe reinsurance, this book provides you with a wealth of risk management expertise gained from many of the largest catastrophe risk transfer programmes worldwide.
Eugene N. Gurenko, 2004
2
Reinsurance fundamentals: treaty and facultative
Writing for those familiar with insurance concepts, he offers an in-depth examination of how the reinsurance industry works, explains fundamental ideas, presents practical illustrations of when and how reinsurance arrangements should be ...
Ross Phifer, 1996
3
Reinsurance Regulation: A Contemporary and Comparative Study
And at the root of such failures often lies the compound failure of uncollectable reinsurance. This important book proposes that a significant part of the emerging insurance crisis results from inadequate regulation of reinsurance.
Wallace Hsin-Chun Wang, 2003
4
Handbook of Reinsurance Law
Handbook of Reinsurance Law offers insurance counsel and reinsurance executives a clear, practical framework for understanding this complex, high-stakes area of the law.
Eugene Wollan, 2002
5
Social Reinsurance: A New Approach to Sustainable Community ...
Underwriting Assistance Reinsurance companies accumulate a great deal of information and statistical experience regarding different types of insurance coverage and methods of rating, underwriting, and adjusting claims. This experience is ...
David M. Dror, Alexander S. Preker, 2002
6
Reinsurance
This text provides a very accessible insight into its key principles and methods, its buyers and sellers, and the significant factors and decisions involved in reinsurance placement--all within an international context.
Christopher Paine, 2004
7
Reference Guide to Reinsurance 2010 Edition
This book is practical for professionals in the reinsurance industry or for novices wanting to have a better understanding of reinsurance concepts.
Albert Amato, 2010
8
Modern Actuarial Theory and Practice, Second Edition
Clearly, the economic question in such cases is the relative cost of raising capital and servicing it through a bond versus the cost/benefits of a more traditional reinsurance arrangement. Some of these innovations are discussed below, but first ...
Philip Booth, Robert Chadburn, Steven Haberman, 2004
9
The Attorney-client Privilege in Civil Litigation: ...
its capacity, (2) increasing stability for the ceding company, (3) allowing catastrophic risks to be spread across the industry, and (4) promoting competition amongst insurers.6 When a reinsurance company transfers a part of its risk, the ...
Vincent S. Walkowiak, 2008
10
The Surety's Indemnity Agreement: Law and Practice
The Surety 's Indemnity Agreement-Law & Practice, 2d Ed Not only has the price of reinsurance varied based on history, so have the terms. Reinsurance agreements are often referred to as "treaties." A reinsurance treaty covers all or a portion ...
‎2008

10 NEWS ITEMS WHICH INCLUDE THE TERM «REINSURANCE»

Find out what the national and international press are talking about and how the term reinsurance is used in the context of the following news items.
1
IAG reveals reinsurance hit from New South Wales storm losses
IAG said that it anticipates “full utilisation of the reinsurance cover which provides protection of $150 million in excess of $700 million for retained perils in FY15,” ... «Artemis.bm, Apr 15»
2
April reinsurance renewal sees more rate declines, broader terms …
The reinsurance pricing trend has continued at the April renewals, with loss free accounts largely down in terms of pricing, and terms and conditions seen to be ... «Artemis.bm, Apr 15»
3
Florida Hurricane Cat Fund seeks $2.2B private reinsurance approval
The Florida Hurricane Catastrophe Fund (FHCF), the state's backstop reinsurance fund for private insurers, is once again seeking approval from the Cabinet to ... «Artemis.bm, Mar 15»
4
Everest Re's Mt. Logan Re reinsurance sidecar nears $500m
Bermuda-based reinsurance firm Everest Re has continued to gradually increase the size of its third-party capital backed, fully-collateralized reinsurance sidecar ... «Artemis.bm, Feb 15»
5
Axis-PartnerRe $11bn deal to reshape reinsurance
More recently, however, fierce competition has pushed premiums in the lucrative catastrophe reinsurance business down to their lowest levels in more than a ... «Financial Times, Jan 15»
6
Reinsurance Merger Comes With a Twist: A Special Dividend
A $1.9 billion deal announced Monday between two Bermuda reinsurance companies includes an unusual twist: It's partly funded with a special dividend. «Wall Street Journal, Nov 14»
7
Swiss Re Sees Mergers in Reinsurance Amid Price Squeeze
7 (Bloomberg) -- Swiss Re Ltd. Chief Financial Officer David Cole expects consolidation in the reinsurance market as oversupply of capital squeezes prices. «Bloomberg, Aug 14»
8
Hiscox shrinks reinsurance business
Hiscox has become the second Lloyd's of London insurer in as many weeks to caution it will shrink its reinsurance business as a flood of cheap money from ... «Financial Times, Jul 14»
9
BT Pension Scheme agrees £16bn reinsurance deal on longevity risk
The BT Pension Scheme, Britain's largest corporate pension fund, has agreed a £16bn deal to protect itself from the risk of its members living longer than ... «Telegraph.co.uk, Jul 14»
10
Reinsurance price softening broadens, overcapacity continues …
Overcapacity in the reinsurance market, created by the convergence of well capitalised traditional reinsurers, continued inflows of capital from third-parties and ... «Artemis.bm, Jan 14»

REFERENCE
« EDUCALINGO. Reinsurance [online]. Available <https://educalingo.com/en/dic-en/reinsurance>. Apr 2024 ».
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