Reinsurance

Reinsurance is a form of financial security used to spread the risk of insurance across many parties. It's essentially a process of insurers passing some of the risk associated with their policies onto a second insurer. By engaging in reinsurance, the original insurer can manage their risk and better protect themselves from losses due to adverse events. This financial strategy can help protect against unexpected losses and minimize the amount of capital a single insurer needs to maintain. In addition, it allows companies to create more policies because they are able to better manage the amount of risk they take on.

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