REINSURANCE
\ɹˌiːɪnʃˈʊ͡əɹəns], \ɹˌiːɪnʃˈʊəɹəns], \ɹ_ˌiː__ɪ_n_ʃ_ˈʊə_ɹ_ə_n_s]\
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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"
By Princeton University