→ Insurers They assume risks from consumers and businesses. They pass on part of these risks to reinsurers, who charge a fee for this service. As reinsurers are usually organised on a global scale, this results in a worldwide balancing of risks. This helps to avoid → Insurer, that she was with a large → Claim would be overwhelmed. In simple terms, it can be described as ‘insurance for the insurer’. The insurance company pays the reinsurer a so-called reinsurance premium and, in return, receives partial relief from the risks assumed on behalf of the customer.

Reinsurers play a particularly important role in the case of very large individual risks, such as major infrastructure projects or industrial facilities, but also as protection against a concentration of losses, for example due to severe weather events.