Reinsurance can be called as __________.

Question

Question: Reinsurance can be called as __________.

Options:

1.  Insurance of Insurance
2.  Insurance of insures
3.  Insurance of insurance policy
4.  None

Answer 1

1. Insurance of Insurance

Reinsurance can be called as 'Insurance of Insurance'.

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More information:

Reinsurance is a form of insurance that an insurance company purchases from another insurance company. It is done to mitigate risk from the risk of a major claims event.

It is popularly known as 'Insurance for Insurers'.