MLchartDataset catalogue

Reinsurance

Term · Insurance and risk management · MLC-T-INS-002844

Insurance purchased by an insurance company from another insurance company to transfer part of its risk. This allows the primary insurer to reduce its exposure to large losses, increase its underwriting capacity, and stabilize its financial results. Reinsurance is a fundamental tool for risk management in the insurance industry.

Table 1. Record
IdentifierMLC-T-INS-002844
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-002844",
  "term": "Reinsurance",
  "field": "Insurance and risk management",
  "definition": "Insurance purchased by an insurance company from another insurance company to transfer part of its risk. This allows the primary insurer to reduce its exposure to large losses, increase its underwriting capacity, and stabilize its financial results. Reinsurance is a fundamental tool for risk management in the insurance industry.",
  "url": "https://mlchart.com/terminology/insurance/reinsurance/"
}

Record 2,908 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.