Definition The reinsurance Association of America (RAa) Reinsurance is the transfer of insurance risk from one insurer to another through a contractual agreement under which one insurer(the reinsurer) agrees, in return for a reinsurance premium to indemnify another insurer(the primary insurer) for some or all of the fin nancial consequences of certain loss exposures covered by the primary insurer’ s policies.” 潘透价影手Definition • The Reinsurance Association of America(RAA): “Reinsurance is the transfer of insurance risk from one insurer to another through a contractual agreement under which one insurer (the reinsurer) agrees, in return for a reinsurance premium, to indemnify another insurer (the primary insurer) for some or all of the financial consequences of certain loss exposures covered by the primary insurer’s policies