What is The Definition of Catastrophe Reinsurance?
Catastrophe Reinsurance definition is: The type of insurance that replaces a company that leaves out accumulated losses that exceed a certain value as a result of an event or series of catastrophic events.
Disaster Reinsurance The insurance industry can absorb billions of dollars in losses from natural and man-made disasters such as hurricanes, earthquakes and terrorist attacks, as losses occur in thousands of companies. , Including Global Disaster Insurance. The ability to insure and the willingness to sell insurance depend on the availability and cost of disaster insurance.
Literal Meanings of Catastrophe Reinsurance
Meanings of Catastrophe:
Events that cause significant or often sudden loss or destruction.
Sentences of Catastrophe
National economic catastrophe
Synonyms of Catastrophe
disaster, calamity, cataclysm, crisis, holocaust, ruin, ruination, tragedy, blow, shock