Outrageously Funny Word Dictionary :: Reinsuring

👉 Reinsurance, in insurance terminology, refers to the act of transferring risks or liabilities from one insurer to another. This process can be used to cover losses that cannot be fully covered by the specific policy being sold. Reinsurers are typically involved in risk management and actuarial sciences, and they have specialized knowledge about the nature of the risks they are covering.

reinsuring