REINSURANCE
Scrabble letter values: R1E1I1N1S1U1R1A1N1C3E1 = 13
Definition
- noun sharing the risk by insurance companies.
Examples
- “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”