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