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What is the main reason for reinsurance?

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What is the main reason for reinsurance?

My enquiry is from e m c insurance companies subject matter

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Other related questions to my question are:

What is the main reason for reinsurance?

What is the purpose of a reinsurance contract?

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The correct answer is: Several common reasons for reinsurance include: 1) expanding the insurance company's capacity; 2) stabilizing underwriting results; 3) financing; 4) providing catastrophe protection; 5) withdrawing from a line or class of business; 6) spreading risk; and 7) acquiring expertise.Feb 10, 2022

The title of my answer is Reinsurance

My answer's reference is NAIC

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