The reinsurance cession rate worldwide was somewhat consistent between 2011 and 2020, fluctuating about the four and five percent marks. When an insurance company partially transfers its business obligations to a reinsurer, this is called "cession". In 2020, the global reinsurance cession rate was 5.09 percent - up from 4.77 percent the previous year. The highest reinsurance cession rate recorded during the time period under observation was in 2015, when it reached over 5.2 percent.
Reinsurance cession rate worldwide from 2010 to 2020
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Atlas Magazine. (November 1, 2021). Reinsurance cession rate worldwide from 2010 to 2020 [Graph]. In Statista. Retrieved September 29, 2024, from https://www.statista.com/statistics/1292291/reinsurance-cession-rate-worldwide/
Atlas Magazine. "Reinsurance cession rate worldwide from 2010 to 2020 ." Chart. November 1, 2021. Statista. Accessed September 29, 2024. https://www.statista.com/statistics/1292291/reinsurance-cession-rate-worldwide/
Atlas Magazine. (2021). Reinsurance cession rate worldwide from 2010 to 2020 . Statista. Statista Inc.. Accessed: September 29, 2024. https://www.statista.com/statistics/1292291/reinsurance-cession-rate-worldwide/
Atlas Magazine. "Reinsurance Cession Rate Worldwide from 2010 to 2020 ." Statista, Statista Inc., 1 Nov 2021, https://www.statista.com/statistics/1292291/reinsurance-cession-rate-worldwide/
Atlas Magazine, Reinsurance cession rate worldwide from 2010 to 2020 Statista, https://www.statista.com/statistics/1292291/reinsurance-cession-rate-worldwide/ (last visited September 29, 2024)
Reinsurance cession rate worldwide from 2010 to 2020 [Graph], Atlas Magazine, November 1, 2021. [Online]. Available: https://www.statista.com/statistics/1292291/reinsurance-cession-rate-worldwide/