Glossary / General

reinsurance

13 Episode Mentions

Too Afraid to Ask

Reinsurance is like insurance for insurance companies. It helps them not lose too much money if many people make claims at once.

Technical Definition

Reinsurance is insurance purchased by an insurance company from another insurer to manage risk and reduce potential losses. It helps companies keep claims and payouts manageable by sharing risk with other firms.

Hear It Discussed

"we have a reinsurance company set up, so every single warranty we sell sits on a reinsurance in Bermuda, and I'm talking billions, hundreds of billions of dollars in profit after all the expenses."
Automakers Want to Sell DIRECT TO CONSUMER & Dealers Are PISSED | Episode 1104 CarEdge Live 20:46

"I learned that one of the greatest strategies in reinsurance is simply involving your team, your GMs, your sales managers and others in it, seeing profitability, understanding the levers to push..."
Rowley/Horowitz on Fullpath Sale, Boice on Price Consistency, Almeida on Fixed | Daily Dealer Live Car Dealership Guy Podcast 24:54

"Long time, awesome sponsor of the podcast and who I use for all my reinsurance products. [663.3s] I can't thank them enough for teaching me so much about reinsurance over the years..."
#440 - Are You Starting the Trade Conversation Too Late? The Independent Dealer Podcast 10:58