Reinsurance - Statistics & Facts

Published by Jennifer Rudden, Mar 8, 2019
Reinsurance is insurance that is purchased by an insurance company from one or more other insurance companies. The transfer of portions of risk portfolios to other parties or ‘cedents’ by some form of agreement is an arrangement that exists with the aim of reducing the likelihood of having to pay large obligations resulting from an insurance claim. Reinsuring is sometimes known as ‘insurance for insurers’ or ‘stop loss insurance’ as it solely exists with the aim of preventing losses to primary insurers by spreading risks across alternative institutions.

Munich Re topped the list of the largest reinsurers worldwide in 2017 with net premiums amounting to approximately 36 billion U.S. dollars in that year. In 2017, the National Indemnity Company, a subsidiary of American multinational conglomerate holding company Berkshire Hathaway Inc., topped the list of American reinsurers by net premiums earned, amounting to 21.7 billion U.S. dollars in this period.

Reinsurers play an important role in managing climate and natural disaster risk. In 2017, natural disasters cost the global insurance industry around 136 billion U.S. dollars. Hurricane Katrina, which hit in 2005, was one of the most expensive natural disasters for the insurance industry, as well as one of the deadliest hurricanes recorded in the United States. Insured losses resulting from Katrina amounted exceeded 60.5 billion U.S. dollars, total losses for the category 5 hurricane amounted to twice that at round 125 billion U.S. dollars.

Interesting statistics

In the following 5 chapters, you will quickly find the 22 most important statistics relating to "Reinsurance".


Dossier on the topic

All important statistics are prepared by our experts – available for direct download as PPT & PDF!

Important key figures

The most important key figures provide you with a compact summary of the topic of "Reinsurance" and take you straight to the corresponding statistics.

Reinsurance in the U.S.

Insured losses

Other studies on the topic

Any more questions?

Any more questions?

Get in touch with us quickly and easily.
We are happy to help!

Get in touch with us quickly and easily.
We are happy to help!

Do you still have questions?

Feel free to contact us anytime using our contact form or visit our FAQ page.