Latest research report on “Reinsurance Market” now available at high quality database of ReportsnReports.com with market size, share, trends, competitive and statistical analysis. An exclusive data offered in this report is collected by research and industry experts team.
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Reinsurance, also known as insurance for insurers or stop-loss insurance, is the practice of insurers transferring portions of risk portfolios to other parties by some form of agreement to reduce the likelihood of paying a large obligation resulting from an insurance claim. The party that diversifies its insurance portfolio is known as the ceding party. The party that accepts a portion of the potential obligation in exchange for a share of the insurance premium is known as the reinsurer. Reinsurance allows insurers to remain solvent by recovering some or all of amounts paid to claimants. Reinsurance reduces net liability on individual risks and catastrophe protection from large or multiple losses. It also provides ceding companies the capacity to increase their underwriting capabilities in terms of the number and size of risks. By covering the insurer against accumulated individual commitments, reinsurance gives the insurer more security for its equity and solvency and more stable results when unusual and major events occur. Insurers may underwrite policies covering a larger quantity or volume of risks without excessively raising administrative costs to cover their solvency margins. In addition, reinsurance makes substantial liquid assets available for insurers in case of exceptional losses.
This report contains market size and forecasts of Reinsurance in Global, including the following market information:
Global Reinsurance Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global top five companies in 2021 (%)
The global Reinsurance market was valued at 287960 million in 2021 and is projected to reach US$ 322400 million by 2028, at a CAGR of 1.6% during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
P&C Reinsurance Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Reinsurance include Munich Re, Swiss Re, Hannover Re, SCOR SE, Lloyds, Berkshire Hathaway, Great-West Lifeco, RGA and China RE, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Reinsurance companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Reinsurance Market, by Type, 2017-2022, 2023-2028 ($ millions)
Global Reinsurance Market Segment Percentages, by Type, 2021 (%)
– P&C Reinsurance
– Life Reinsurance
Global Reinsurance Market, by Distribution Channel, 2017-2022, 2023-2028 ($ millions)
Global Reinsurance Market Segment Percentages, by Distribution Channel, 2021 (%)
– Direct Writing
Global Reinsurance Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)
Global Reinsurance Market Segment Percentages, By Region and Country, 2021 (%)
– North America
– – US
– – Canada
– – Mexico
– – Germany
– – France
– – U.K.
– – Italy
– – Russia
– – Nordic Countries
– – Benelux
– – Rest of Europe
– – China
– – Japan
– – South Korea
– – Southeast Asia
– – India
– – Rest of Asia
– South America
– – Brazil
– – Argentina
– – Rest of South America
– Middle East & Africa
– – Turkey
– – Israel
– – Saudi Arabia
– – UAE
– – Rest of Middle East & Africa
The report also provides analysis of leading market participants including:
Key companies Reinsurance revenues in global market, 2017-2022 (estimated), ($ millions)
Key companies Reinsurance revenues share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
– Munich Re
– Swiss Re
– Hannover Re
– SCOR SE
– Berkshire Hathaway
– Great-West Lifeco
– China RE
– Korean Re
– GIC Re
– Everest Re
– XL Catlin
– Maiden Re
– Mitsui Sumitomo
– Tokio Marine
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