German reinsurer Munich Re was the largest reinsurance company worldwide in 2022. In 2022, the net premiums written by Munich Re amounted to approximately 48.6 billion U.S. dollars. Swiss Re was the second-largest reinsurer with 37 billion U.S. dollars in net premiums.
Reinsurers take on a portion of the risk portfolios of insurers, which reduces the losses suffered by insurers in the case of large insurance claims, e.g. after property damage from a hurricane. The reinsurance losses incurred by Munich Re were especially high in 2011 and 2017, due to the earthquakes and flooding of 2011 and the 2017 hurricanes, as well as from 2020 to 2022.
Largest reinsurers worldwide from 2020 to 2022, by net premiums written
(in billion U.S. dollars)
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Reinsurance News. (September 29, 2023). Largest reinsurers worldwide from 2020 to 2022, by net premiums written (in billion U.S. dollars) [Graph]. In Statista. Retrieved November 18, 2024, from https://www.statista.com/statistics/273158/largest-reinsurers-worldwide-by-net-premiums/
Reinsurance News. "Largest reinsurers worldwide from 2020 to 2022, by net premiums written (in billion U.S. dollars)." Chart. September 29, 2023. Statista. Accessed November 18, 2024. https://www.statista.com/statistics/273158/largest-reinsurers-worldwide-by-net-premiums/
Reinsurance News. (2023). Largest reinsurers worldwide from 2020 to 2022, by net premiums written (in billion U.S. dollars). Statista. Statista Inc.. Accessed: November 18, 2024. https://www.statista.com/statistics/273158/largest-reinsurers-worldwide-by-net-premiums/
Reinsurance News. "Largest Reinsurers Worldwide from 2020 to 2022, by Net Premiums Written (in Billion U.S. Dollars)." Statista, Statista Inc., 29 Sep 2023, https://www.statista.com/statistics/273158/largest-reinsurers-worldwide-by-net-premiums/
Reinsurance News, Largest reinsurers worldwide from 2020 to 2022, by net premiums written (in billion U.S. dollars) Statista, https://www.statista.com/statistics/273158/largest-reinsurers-worldwide-by-net-premiums/ (last visited November 18, 2024)
Largest reinsurers worldwide from 2020 to 2022, by net premiums written (in billion U.S. dollars) [Graph], Reinsurance News, September 29, 2023. [Online]. Available: https://www.statista.com/statistics/273158/largest-reinsurers-worldwide-by-net-premiums/
