reinsurer
1
7.7
- noun
- /ˌriːɪnˈsɜːrər/
- Specialized
:
reasegurador
- Also, more risk is transferred to the reinsurers when there are more primary insurance carriers in the market.
- transfer to the reinsurer
Examples
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The world's largest reinsurer calls for an alliance between homeowners, businesses, scientists and researchers, state/municipal and federal governments, and the insurance industry to prevent and mitigate the results of extraordinary events.
Blog text (9) -
A reinsurer is involved in insuring an insurance company and is looking for increased risk based on the likelihood of catastrophic events occurring.
Blog text (4) -
I've already posted a video of a reinsurer discussing risk to people in the business.
Blog text (4) -
The only agenda a reinsurer has is to accurately calculate risks, and that requires knowing the chances of an event happening.
Blog text (4) -
Since risk is their business, these reinsurers have to calculate the risks without bias to set insurance rates.
Blog text (4) -
It has nothing to do with paying claims, and a reinsurer isn't involved in paying claims.
Blog text (4) -
Because the reinsurer and the primary insurers have to approach business from an actuarial standpoint.
Blog text (4) -
For Case 1, although the annual average insurance payment per insurer declines as the number of insurers in the market increases, the total liability transferred to the reinsurer increases.
Academic text (2016) -
"I don't know that we have the historical track record to say that weather has become more volatile, but as a society we've become more vulnerable to weather risks," said Megan Linkin, a hazard expert for reinsurer Swiss Re, over the telephone.
Blog text (24) -
A reinsurer helps smaller insurance companies by taking on some of their risks.
Synonyms
320
2.8
A business that pays money to people for losses when they pay regular fees
116
3.5
A company or person who pays for damage to your things
5
7.5
A person or company that checks risk and sells insurance
3
3.0
A company that pays people money when something bad happens after they pay for protection
1
6.6
A company that decides whether to accept risks and sells insurance to protect people or businesses
How Risky
Surface Forms
Morphology
Etymology
Reinsurer comes from the prefix re- 'again' and insurer, so the word literally means an insurer 'again'. A reinsurer is like a safety net for insurance companies because it 'insures' other insurers to help share big losses.