reinsurer
Pronunciation: [riːɪnˈsɜːrər]
Word
Context: "insurance"
(noun) a company that provides insurance to other insurance companies. This means they help those companies by taking on some of the risks. It’s like helping a friend who is nervous about lending a toy by promising to take care of it.
Example
The reinsurer helped the smaller insurance company feel secure about their policies.
Example
Without a reinsurer, the insurance company felt overwhelmed by the risks.
Example
What role does a reinsurer play in the insurance industry?
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