1. sharing insurance coverage or risk with one or more other insurers on the same policy
Usage: present participle of coinsure; insurance/finance term

Examples

• The two insurance companies are coinsuring the commercial property to spread the risk.
• By coinsuring the high-value artwork, multiple insurers share both the premium and the potential payout.
• The hospital's liability coverage involves three carriers coinsuring the policy.
• Coinsuring allows smaller insurers to participate in large claims without bearing the full burden.
• The underwriters decided on coinsuring the shipping cargo among five different companies.