Reinsurance Carriers
Key Figures
Figures are published for NAICS 524130 directly.
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Official definition
This industry comprises establishments primarily engaged in assuming all or part of the risk associated with existing insurance policies originally underwritten by other insurance carriers.
Source: US Census Bureau, 2017 NAICS Definitions. Public domain.
Which code does this activity belong in?
Reinsurance carriers assume risk on insurance policies that other carriers have already underwritten and issued to customers. The distinction from direct insurance carriers lies in the sequence of underwriting; reinsurance carriers take on secondary risk from existing policies rather than initially underwriting policies directly with policyholders. Direct life, health, and medical insurance carriers, by contrast, initially underwrite those specific policy types and assign the original premiums, as do direct carriers for other insurance types.