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riassicurazione

reinsurance

noun ree-ahs-see-koo-rah-TSYOH-neh Rare
People & Society Money

Origin: From ri- (re-) + assicurazione (insurance); modelled on French réassurance.

Usage Note

Riassicurazione is an industry-specific term: it is insurance taken out by an insurance company to limit its own risk exposure on large or catastrophic claims. The abbreviation riass. appears in trade publications. Learners should not confuse it with rassicurazione (reassurance, the act of reassuring someone emotionally), which has a completely different meaning.

Examples

"La compagnia opera nel settore della riassicurazione."

Natural Translation

The company operates in the reinsurance sector.

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