Define: Reinsurance

UK Accounting Glossary

Definition: Reinsurance

Quick Summary of Reinsurance

What is the dictionary definition of Reinsurance?

Dictionary Definition

An agreement by which one insurer indemnifies another insurer in part, or in total, for the risks of a policy issued by that other insurer.


Full Definition of Reinsurance


Examples of Reinsurance in a sentence

When a reinsurer purchases reinsurance, it’s call retrocession.
Insurers can protect themselves against potential unforeseen catastrophes through reinsurance.
They are accurately measure the economic benefits related to the reinsurance contract.
BDO Stoy Hayward is about to acquire a new subsidiary, Zurich Reinsurance Centre.
The company is currently in dispute with Eagle Star over £1.6 million worth of reinsurance claims.
These new results are of important significance to the steady operation of reinsurance companies.
The current regulations are to apply to all reinsurance contracts issued and held by insurers.

Cite Term

To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
Modern Language Association (MLA):
Reinsurance. Payroll & Accounting Heaven Ltd. September 20, 2019
Chicago Manual of Style (CMS):
Reinsurance. Payroll & Accounting Heaven Ltd. (accessed: September 20, 2019).
American Psychological Association (APA):
Reinsurance. Retrieved September 20, 2019, from website:

Definition Sources

Definitions for Reinsurance are sourced/syndicated from:

This glossary post was last updated: 5th May 2019.