Meaning and Translation of Reinsurance in Urdu Script and Roman Urdu with Definition, Wikipedia Reference,
| reinsurance | Noun | دُہرا بيمہ | |
| reinsurance | Noun | دُوہري بيمہ کاري |
1. 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 is insurance that is purchased by an insurance company (the "ceding company" or "cedent" or "cedant" under the arrangement) from one or more other insurance companies (the "reinsurer") directly or through a broker as a means of risk management, sometimes in practice including tax mitigation and other reasons described below. |
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