Crossword Genius

Control political party in certain way to reduce risk (11)

Ross

I believe the answer is:

reinsurance

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'way to reduce risk' is the definition.
I can't tell whether this definition defines the answer.

'control political party in certain' is the wordplay.
'control' becomes 'rein' (reining is a kind of controlling).
'political party' becomes 'ANC' (African National Congress, South African party).
'in' indicates putting letters inside.
'certain' becomes 'sure' (similar in meaning).
'anc' going within 'sure' is 'surance'.
'rein'+'surance'='REINSURANCE'

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I've seen this clue in The Irish Times.
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