Nonlife insurers cede more than 8% of premiums to reinsurers

Source: Business Insurance

July 08, 2019 A report by Swiss Re Ltd. found that nonlife primary insurers worldwide ceded $200 billion, or more than 8%, of direct written premiums to reinsurers in 2018, Asia Insurance Review reported. The report found that nonlife insurers’ cessions were higher in emerging regions in Asia, the Middle East, Africa and Latin America.