Looking for the meaning of the word REINSURES in English for both noun and verb forms from the Oxford Dictionary? Below, you can explore all possible meanings and definitions of REINSURES with sentence examples. You can also use the “AUDIO PRONUNCIATION” track to check the correct pronunciation in British English.
Word: Reinsure
Speech Type: Verb
Etymology:
early 18th century: from re- + insure
Audio Pronunciation:
Phonetic Spelling:
ˌriːɪnˈʃʊə
Dialects: British English
Audio Pronunciation:
Phonetic Spelling:
ˌriːɪnˈʃɔː
Dialects: British English
Definition:
(of an insurer) transfer (all or part of a risk) to another insurer to provide protection against the risk of the first insurance
Short Definition:(of insurer) transfer all or part of risk to another insurer to provide protection against risk of first insurance
Examples:- the syndicates reinsure each other's exposure to catastrophic risk
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