reinsure - Meaning in Hindi
reinsure - Meaning in Hindi
verb
reinsure Word Forms & Inflections
Definitions and Meaning of reinsure in English
reinsure verb
- insure again by assuming all or a part of the liability of an insurance company already covering a risk
- insure again by transferring to another insurance company all or a part of a liability assumed
- provide additional insurance for
Description
Reinsurance is insurance that an insurance company purchases from another insurance company to insulate itself from the risk of a major claims event. With reinsurance, the company passes on ("cedes") some part of its own insurance liabilities to the other insurance company. The company that purchases the reinsurance policy is referred to as the "ceding company" or "cedent". The company issuing the reinsurance policy is referred to as the "reinsurer". In the classic case, reinsurance allows insurance companies to remain solvent after major claims events, such as major disasters like hurricanes or wildfires. In addition to its basic role in risk management, reinsurance is sometimes used to reduce the ceding company's capital requirements, or for tax mitigation or other purposes.
Also see "Reinsurance" on WikipediaMore matches for reinsure
noun
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What is reinsure meaning in Hindi?
The word or phrase reinsure refers to insure again by assuming all or a part of the liability of an insurance company already covering a risk, or insure again by transferring to another insurance company all or a part of a liability assumed, or provide additional insurance for. See reinsure meaning in Hindi, reinsure definition, translation and meaning of reinsure in Hindi. Learn and practice the pronunciation of reinsure. Find the answer of what is the meaning of reinsure in Hindi. देखें reinsure का हिन्दी मतलब, reinsure का मीनिंग, reinsure का हिन्दी अर्थ, reinsure का हिन्दी अनुवाद।
Tags for the entry "reinsure"
What is reinsure meaning in Hindi, reinsure translation in Hindi, reinsure definition, pronunciations and examples of reinsure in Hindi. reinsure का हिन्दी मीनिंग, reinsure का हिन्दी अर्थ, reinsure का हिन्दी अनुवाद
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