Car Insurance Glossary : R
As the primary or direct insurer the insurance company is often unable to carry the entire risk assumed under an insurance contract itself. It must pass on part of the risk to a reinsurance company (or another direct insurer); this does not affect its relationship with the policyholder. The reinsurer can also pass on risks to other insurers.
Riot will usually be covered in conjunction with civil commotion and malicious damage subject to the policy's general and special conditions.
The likelihood of incurring misfortune or loss.