What is another word for reinsurance?
What is another word for reinsurance?
What is another word for reinsurance?
| additional coverage | extra cover |
|---|---|
| protection | provision |
What is reinsurance in simple words?
Reinsurance is also known as insurance for insurers or stop-loss insurance. Reinsurance is the practice whereby insurers transfer portions of their risk portfolios to other parties by some form of agreement to reduce the likelihood of paying a large obligation resulting from an insurance claim.
What is the meaning of re assurance?
: something that is said or done to make someone feel less afraid, upset, or doubtful.
What thesaurus means?
1a : a book of words or of information about a particular field or set of concepts especially : a book of words and their synonyms. b : a list of subject headings or descriptors usually with a cross-reference system for use in the organization of a collection of documents for reference and retrieval.
What is the purpose of reinsurance?
Reinsurance protects the cedent against a single catastrophic loss or multiple large losses. Reinsurance also affords protection against casualty losses in which multiple insureds can be involved in one occurrence.
What is the difference between insurance and reinsurance?
In simple terms, insurance is the act of indemnifying the risk, caused to another person. Conversely, reinsurance is when the insurance company takes up insurance to guard itself against the risk of loss. The two concepts are very similar to each other but may differ in they way; they are applied.
What is the synonym of assurance?
Some common synonyms of assurance are aplomb, confidence, and self-possession.
What is the difference between assurance and reassurance?
Assurance is based on information, evidence and triangulation. Reassurance is based on opinion, professional expertise and trust.
What is thesaurus explain with example?
A thesaurus is a book, software program, or online service that provides alternative or similar words to a word. For example, searching for “hope” may return synonyms like “achievement,” “faith,” “ambition,” and “optimism.”
