reinsurance

**Reinsurance**
Reinsurance is a risk management practice used by insurance companies to protect themselves from significant financial losses. It involves transferring a portion of the risks they underwrite to another insurance company, called a reinsurer. This process helps insurers maintain stability, increase their underwriting capacity, and safeguard against catastrophic events. Reinsurance plays a critical role in the insurance industry by promoting financial resilience and enabling companies to offer broader coverage to policyholders.