Overview of Reciprocal Insurance Exchanges and Recent Market Trends
Reciprocal Insurance Exchanges (RIE; also referred to interinsurance exchanges) have long been a part of the property & casualty (P&C) insurance industry, with roots dating back to the late nineteenth century. Many of the largest RIEs today began operations in the early decades of the last century, with the top five largest RIEs by direct written premiums founded prior to 1930.
