reinsurance
noun/ˌriːɪnˈʃʊərəns/, /ˌriːɪnˈʃɔːrəns/
/ˌriːɪnˈʃʊrəns/
[uncountable] (finance)- the practice of one insurance company buying insurance from another company against any losses that result from claims that are made against it
Check pronunciation:
reinsurance