Reinsurance

How to read this

• Share ceded = 1 − net earned premium ÷ gross earned premium, non-life lines. Claims recovered = 1 − net claims ÷ gross claims. Effect on the loss ratio = gross loss ratio − net loss ratio, in points: positive when reinsurers paid a larger share of claims than they received of premium.
• Reinsurance commissions are not in these figures, so the effect is not the reinsurers' profit.
• The SFCR does not name the reinsurers. A high share can mean a group's own reinsurer, fronting for a large industrial or foreign risk, or a captive, as well as cover bought on the market.
• Insurers whose report gives no net figures are left out. Bulgarian insurers whose SFCR for FY 2021–2022 has no S.05.01 count with the net figures of their statutory income statements in FSC's annual statistics, spread over the lines like the gross ones. Outside Solvency II the net figures come from the insurers' financial statements; in Bosnia and Herzegovina only for the insurers licensed in Republika Srpska (the Federation agency publishes its insurers' ratios only after reinsurance), and there after the shares ceded to reinsurers and co-insurers, which their statements often book together. Baltic insurers with branches in other countries are scaled to their home market (see the method page).