Insurance and reinsurance are the same in concept. These two are both tools that protect you from big losses whether where part of the world you are at, U.S in the West or in SE Asian countries like KL Malaysia, Beijing China, Singapore or Jakarta Indonesia. While there are also some difference, insurance is a protection for the individual and the premium that is paid by an individual will be received by the company that provides the insurance, whereas reinsurance is the protection taken out by