Reinsurer sentence example
The insurance company then gets the rest of the money from the reinsurer.
Furthermore, reinsurance makes it easier for you to get insurance since it allows the insurance company to pass some of the risk on to a reinsurer.
If the insured makes a claim on his life insurance policy, the insurance company then makes a claim with their reinsurer.
The insuring company will use this to have a limit of how much they pay toward a claim before the money from the reinsurer kicks in.
The original insurance company has likely purchased reinsurance so that after the first $100,000 of a claim, the reinsurer pays the rest.Advertisement
Reinsurance Group's assets total approximately $27 billion, which makes it the second-largest life reinsurer in the United States.
In fact, by the year 2000, it was the number four reinsurer and was earning upwards of $8 billion in premiums from customers all across the globe.
Based in Germany, Munich reinsurance is a leading reinsurer in the world.