Definition, Meaning & Synonyms
reinsurer
noun
/ˌriːɪnˈʃʊrər/
Definition
A reinsurer is a company that provides financial protection to insurance companies by taking on some of the risks they underwrite.
Examples
- A reinsurer can help an insurance company stabilize its financial results.
- By partnering with a reinsurer, insurers can offer coverage for larger risks.
Meaning
The term refers to a company that allows insurance companies to transfer some of their risk to them, helping the original insurer manage potential losses.
Synonyms
- Risk transfer provider
- Reinsurance company
