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Sage Social Science Thesaurus

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... > social science subjects > business and management > entrepreneurship > new venture management > corporate entrepreneurship > corporate crisis management > reinsurance
... > social science subjects > politics and international relations > governance > crisis management > corporate crisis management > reinsurance
... > social science subjects > business and management > management settings > business management > governance > crisis management > corporate crisis management > reinsurance

Preferred term

reinsurance  

Definition

  • Disasters and crises—large-scale, natural, and human-made events including, but not limited to, accidental, biological, climatological, financial, geophysical, hydrological, meteorological, technological, and terrorism-related events—often leave in their wake immense losses that are generally too high for an individual household or firm to solely assume. In contrast, the fundamental objective of insurance is to spread high individual risk of loss across a larger pooled group that is better situated to absorb this overall loss risk. [Source: Encyclopedia of Crisis Management; Reinsurance]

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URI

https://concepts.sagepub.com/social-science/concept/reinsurance

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