What is another word for reinsuring?
Pronunciation: [ɹˌiːɪnʃˈʊ͡əɹɪŋ] (IPA) 
Reinsuring involves obtaining insurance coverage for an already existing insurance policy. Some synonyms for reinsuring include reinsurance, retrocession, risk transfer, and hedging. Reinsurance, the most commonly used synonym, involves an insurance company transferring its risks to another insurance company, typically for a financial cost. Retrocession is the process of a reinsurance company transferring their risks to another reinsurance company. Risk transfer refers to the transfer of risks from one party to another, while hedging involves the use of financial instruments to protect against unexpected losses. Overall, these synonyms refer to the act of mitigating financial risks associated with insurance policies.
