reinsurance
noun
Simple meaning
Sharing the risk by insurance companies.
Pronunciation
Say it like this:
reeihnshuuruhnsSay the bold part a little louder.
IPA pronunciation (US)
ɹiɪnˈʃʊɹəns
This word is pronounced essentially the same in American and British English, so one transcription covers both.
IPA (International Phonetic Alphabet) is a standard way of writing speech sounds.
Definition
Everyday modern meanings first, grouped by part of speech.
noun
businessinsurance
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
“Reinsurance enables a client to get coverage that would be too great for any one company to assume.”
businessinsurance
Insurance purchased by insurance companies that spreads the risk associated with selling insurance around so the danger of one large monetary loss is minimized. Such insurance and catastrophe bonds are backstops to insurer insolvency from unexpectedly large losses.
Word at a Glance
- Difficulty
- C1 · Advanced (estimated)
- Frequency
- Uncommon
- Typical Use
- Neutral / general English
Word Aura™
How this word commonly comes across.
This 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
Used this way, reinsurance is a common word that usually carries little praise or criticism of its own. It turns up most in business or professional contexts.
“Reinsurance enables a client to get coverage that would be too great for any one company to assume.”
- Emotional tone
- Neutral
- Formality
- Neutral
- Intensity
- Not strongly marked
- How common
- Common
- Connotation
- Matter-of-fact
- Usage feel
- Neutral and straightforward
Where it naturally appears
- Business/professional
Word Aura describes common impressions, not a measurement. Tone changes with sentence, speaker, relationship and situation.
More ways to use reinsurance
- “Reinsurance enables a client to get coverage that would be too great for any one company to assume.”noun
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Common Patterns and Combinations
How this word naturally appears with others.
Related Words
Connected to the same idea, not synonyms.
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Dictionary data from Wiktionary via the Free Dictionary API. Simple meanings, combinations and word intelligence are built from verified reference data, no AI is used to load this page.