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what is bespoke insurance?
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the word bespoke means made to order. bespoke insurance means non-cookie cutter. that mean the thing your are trying to protect, or the risk to that item is not normally covered; so you need a non-standard type of policy. your neighborhood insurance company doesn't handle a bespoke policy. there are companies that do.  reinsurance is insurance on insurance. company x has a risk they want to insure, so they go to insurance company a. after a while insurance company a realizes that they have sold a few of these policies and they have a risk if they guessed wrong. so they take out a policy with insurance company b to protect themselves if more than some percentage of their policies go bad. that policy takes bespoke reinsurance.
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