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Meaning of word reinsurance from English dictionary with examples, synonyms and antonyms.
reinsurance noun
Meaning : 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.
Example :
Reinsurance enables a client to get coverage that would be too great for any one company to assume.
Reinsurance meaning in Telugu.