The data displays the leading global reinsurers in 2016, by gross reinsurance premiums written. In that year, Hannover Re was ranked third with about 17.23 billion USD of gross reinsurance premiums written.
Reinsurance – additional information
Reinsurance involves insurers transferring parts of risk portfolios to other parties in order to spread the risk of having to pay out a large sum in the event of an insurance claim. This encourages insurance companies to assume risk, even when the potential payout will be extremely high, like in the case of a natural disaster.
