insurance vs reinsurance
reinsurance vs insuranceinsurance and reinsurance both are nouns.
| Word | Noun | Adjective | Verb | Adverb |
|---|---|---|---|---|
| insurance | Yes | No | No | No |
| reinsurance | Yes | No | No | No |
As nouns,
reinsurance is a hyponym of
insurance; that is, reinsurance is a
word with a more specific, narrower meaning than
insurance:
- insurance: promise of reimbursement in the case of loss; paid to people or companies so concerned about hazards that they have made prepayments to an insurance company
- reinsurance: 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
Other hyponyms of insurance include
assurance, automobile insurance, car insurance, business interruption insurance, coinsurance, fire insurance, group insurance, hazard insurance, health insurance, liability insurance, life assurance, life insurance, malpractice insurance, self-insurance, term insurance.
| insurance (noun) | reinsurance (noun) |
|---|---|
| written contract or certificate of insurance | 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 |
| promise of reimbursement in the case of loss; paid to people or companies so concerned about hazards that they have made prepayments to an insurance company | |
| protection against future loss |
Words related to "insurance"
- assurance
- automobile insurance
- business interruption insurance
- car insurance
- coinsurance
- contract
- fire insurance
- floater
- floating policy
- group insurance
- hazard insurance
- health insurance
- indemnity
- insurance policy
- insure
- liability insurance
- life assurance
- life insurance
- malpractice insurance
- policy
- protection
- reinsurance
- security
- self-insurance
- shelter
- term insurance
Words related to "reinsurance"
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