reinsurers

Reinsurers are companies that provide insurance to other insurance companies. When an insurance company sells a policy, it may transfer some of the risk to a reinsurer to protect itself from large or unexpected losses. Essentially, reinsurers help spread out risk across many entities, ensuring insurers remain financially stable and capable of covering claims. This partnership allows primary insurers to manage their exposure, improve their capacity to write new policies, and maintain financial health even after significant claims events.