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Reinsurance cession rate in Sub-Saharan Africa from 2011 to 2020

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Source

Release date

December 2021

Region

Africa

Survey time period

2011 to 2020

Citation formats

Reinsurance cession rate in Sub-Saharan Africa 2011-2020

Published by Jenny Yang, Feb 28, 2022
The reinsurance cession rate in Sub-Saharan Africa generally increased between 2011 and 2020. When an insurance company partially transfers its business obligations to a reinsurer, this is called "cession." In 2020, the reinsurance cession rate in this region reached almost ten percent - a slight increase from the previous year. Overall, the reinsurance cession rate in Sub-Saharan Africa grew by around *** percent since 2011. In 2020, reinsurance premiums in Sub-Saharan Africa reached almost five billion U.S. dollars.
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