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HMRC internal manual

Insurance Premium Tax

From
HM Revenue & Customs
Updated
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The Insurance Industry: What is insurance? Reinsurance

Reinsurance is itself insurance used by insurers to offset their risk under primary contracts of insurance. Just as insurance works by sharing or spreading the risks of the insured, reinsurance works by sharing or spreading the risks of the insurers. There is more about reinsurance in IPT04200.