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Glossary   >   R   >   "Reinsurance" Definition            Reinsurance The process of insurance companies insuring underwritten policies with other institutions in order to offset exposure. The practice whereby one insurer transfers part or all of the risk it has accepted to another insurer (the reinsurer). The mitigation of all or some of an insurance risk by an insurer by transferring to another insurer in return for the payment or part payment of premiums. Glossary    Dictionary Search (powered by Google) WWW ITLOCUS.COM GLOSSARY.ITLOCUS.COM Translate a web page (powered by Google)      to German Spanish French Italian Portuguese Japanese Korean Chinese

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Reinsurance \ The process of insurance companies insuring underwritten policies with other institutions in order to offset exposure.

The practice whereby one insurer transfers part or all of the risk it has accepted to another insurer (the reinsurer).

The mitigation of all or some of an insurance risk by an insurer by transferring to another insurer in return for the payment or part payment of premiums.