Word bank

Improve your reading skills, Memorize words and practice vocabulary

Memorized by 0+ users

reinsure

Meanings
  • verb

    The action of taking out an insurance policy again, especially by an insurance company to cover its own risk.

Rhymes
Words rhyming with reinsure
ensured , endured , acquired
Variants
List of all variants of reinsure that leads to same result
reinsure , reinsured , reinsurer , reinsurers , reinsures , reinsuring
Etymology
origin and the way in which meanings have changed throughout history.

From re- 'again' + insure 'to make secure'.

Trivia
Any details, considerations, events or pieces of information regarding the word

  1. Reinsurance helps insurance companies manage their risk exposure by spreading it out among multiple reinsurers.

  2. The global reinsurance market was valued at over $300 billion in 2020.

  3. Reinsurance has been used since the 17th century to help manage risk in the shipping industry.

Related Concepts
informations on related concepts or terms closely associated with the word. Discuss semantic fields or domains that the word belongs to

  1. Retaka: In the insurance industry, retaka is a term used to describe the reinsurance of a risk that has already been insured by another insurer. This is also known as quota-share reinsurance.

  2. Reinsurance Broker: A reinsurance broker is an intermediary who helps insurance companies to buy reinsurance coverage from reinsurers.

How to Memorize "reinsure"

  1. visualize

    - Imagine an insurance company taking out a new policy to cover its own risk, which is already insured by another company. This is what reinsure means.

  2. associate

    - Think of reinsure as a way for insurance companies to transfer risk to other companies.

  3. mnemonics

    - Remember RE-insure as RE-insurance: Reinsuring risks to other insurers.

Memorize "reinsure" using Dictozo

The best and recommended way to memorize reinsure is, by using Dictozo. Just save the word in Dictozo extension and let the app handle the rest. It enhances the memorization process in two ways:

  1. Highlighting:

    Whenever users encounters the saved word on a webpage, Dictozo highlights it, drawing the user's attention and reinforcing memorization.

  2. Periodic Reminders:

    Dictozo will send you periodic reminders to remind you the saved word, it will ask you quiz. These reminders could be in the form of notifications or emails, prompting users to recall and reinforce their knowledge.

Install Now