What is the re insurance

Answer 1

Reinsurance is the business of insuring insurance companies. Reinsurance companies provide coverage to primary insurers, transferring some of the risk and liability associated with their policies. This allows primary insurers to reduce their exposure to catastrophic losses and provide more coverage to their clients. Reinsurance can be purchased by insurance companies for various reasons such as to increase their capacity, stabilize their financial position, and manage their risk.