Reinsurance is a type of insurance that insurance companies purchase to protect themselves from excessive losses. It is a... moreReinsurance is a type of insurance that insurance companies purchase to protect themselves from excessive losses. It is a way for insurance companies to transfer some of the risk they have taken on to another company. Reinsurance can help insurance companies manage their risk and ensure that they have enough money to pay claims if they arise. It is an important part of the insurance industry and helps to keep insurance companies financially stable.
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