Question

what is reinsurance?
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Answer 1





















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Reinsurance is insurance that is purchased by an insurance company. ... In addition to its basic role in risk management, reinsurance is sometimes used for tax mitigation and other reasons. The company that purchases the reinsurance policy is called a "ceding company" or "cedent" or "cedant" under most arrangements

Answer 2

as per Wikipedia
Reinsurance is insurance that is purchased by an insurance company. ... In addition to its basic role in risk management, reinsurance is sometimes used for tax mitigation and other reasons. The company that purchases the reinsurance policy is called a "ceding company" or "cedent" or "cedant" under most arrangements.
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