The concepts described on these pages are words and expressions used in statistics with a specific, limited meaning. In everyday speech the word may have a different meaning. In connection with each definition you can find information about which sets of statistics use the concept.

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Reinsurance is an agreement between the direct insurance company and the insurance company acting as a reinsurer, by which the direct-writing company can transfer part of its insurance liability to be borne by another insurance company.

Assumed reinsurance refers to insurance business received by an insurance company from another insurance company. Ceded reinsurance, which is visible in the profit and loss account as reinsurers’ shares, refers to the share of insurance business transferred to another insurance company.

Validity of the definition

  • Valid until (31 December 2078)

Source organisation

  • Tilastokeskus

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