reinsurance

sharing the risk by insurance companies; part or all of the insurer's risk is assumed by other companies in return for part of the premium paid by the insured; "reinsurance enables a client to get coverage that would be too great for any one company to assume"

Source: WordNet® 3.1, Princeton University — "WordNet Copyright 2011 by Princeton University. All rights reserved." Used under WordNet's license terms. See methodology for full licensing detail. Word validity for game play may differ from any official game dictionary.