Market Overview:
The global property and casualty reinsurance providers market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for reinsurance products by small and midsized insurers, rising frequency and severity of natural disasters, and growing awareness about the benefits of reinsurance among businesses. The global property and casualty reinsurance providers market is segmented on the basis of type into intermediary and direct selling. The intermediary segment is further sub-segmented into wholesale brokers, retail brokers, and others. The direct selling segment is further sub-segmented into captives, mutuals/cooperatives, exchanges/platforms, banks/insurers,and others. In terms of application, the market is divided into small insurers ( billion in gross written premiums). Geographically speaking North America dominates this market followed by Europe Asia Pacific , Latin America , Middle East & Africa .
Product Definition:
Property and casualty reinsurance providers are companies that provide insurance to other insurers in case of large claims. This helps protect the insurance industry as a whole, and allows companies to offer more comprehensive policies at lower rates.
Intermediary:
An intermediary is a company that facilitates the transaction between an insurer and an insurance buyer. Intermediaries can be categorized into two types: direct and indirect. Direct intermediaries are sub-agents of the insurer, who represents the insurer to sell its policies directly to customers; while indirect intermediaries are third-party companies involved in selling policies on behalf of insurers.
The global intermediary market size was valued at USD 3,542 million in 2016.
Direct Selling:
Direct selling is a distribution channel in which an insurance company sells its products directly to the consumer without any intermediaries. The direct selling method has been gaining popularity among property and casualty reinsurance providers as it helps them increase customer base and strengthen market position.
Reinsurance companies find it easier to sell their policies through agents or brokers who can act on their behalf in negotiations with potential customers, thus reducing the need for internal sales force.
Application Insights:
The property and casualty intermediaries segment held the largest market share in 2017. Property and casualty intermediaries offer a combination of financial products, such as loss distribution, claim settlement and reinsurance. The direct selling channel is expected to be the fastest-growing application over the forecast period owing to increasing penetration of this channel by Reinsurers¢â‚¬â„¢ Owned Insurance (ROOI) companies.
Midsized reinsureds are anticipated to witness significant growth over the forecast period due to rising demand for specialty insurance policies that cater to specific risks associated with commercial real estate or industrial assets across various industries globally.
Regional Analysis:
Asia Pacific is estimated to be the fastest-growing regional market over the forecast period. The growth can be attributed to a rise in investment by global players in this region, particularly in India and China. For instance, In October 2016, Munich Re entered into a partnership with AIG General Insurance Company for expanding its business operations across Asia Pacific. This partnership was aimed at strengthening Munich Re’s position as an insurance service provider across the region.
The European market accounted for more than 25% of total share and is expected to grow at a moderate pace over the forecast period owing to increasing claims frequency and severity resulting from natural disasters such as hurricanes/tropical storms/cyclones along with earthquakes & volcanoes (EUROFER). Furthermore, rising COVID-19 positive cases are projected to augment demand for property catastrophe reinsurance products thereby driving industry growth during the forecast period.
Growth Factors:
- Increasing demand for property and casualty reinsurance from the corporate sector as a result of increasing global trade and business activities.
- Growing awareness about the benefits of reinsurance among businesses, especially small and medium-sized enterprises (SMEs), which are increasingly turning to reinsurance to protect themselves from potential losses arising out of natural disasters or other unforeseen events.
- Proliferation in the number of catastrophic events around the world, such as hurricanes, earthquakes, wildfires etc., which is driving up demand for property and casualty reinsurance products among businesses and individuals alike.
- Rising insurance premiums due to increased frequency and severity of natural disasters, which is leading more businesses to purchase property and casualty reinsurance policies as a form of risk mitigation measure.
Scope Of The Report
Report Attributes
Report Details
Report Title
Property And Casualty Reinsurance Providers Market Research Report
By Type
Intermediary, Direct Selling
By Application
Small Reinsurers, Midsized Reinsurers
By Companies
Swiss, China Reinsurance, SCOR
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
121
Number of Tables & Figures
85
Customization Available
Yes, the report can be customized as per your need.
Global Property And Casualty Reinsurance Providers Market Report Segments:
The global Property And Casualty Reinsurance Providers market is segmented on the basis of:
Types
Intermediary, Direct Selling
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Small Reinsurers, Midsized Reinsurers
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Swiss
- China Reinsurance
- SCOR
Highlights of The Property And Casualty Reinsurance Providers Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Intermediary
- Direct Selling
- By Application:
- Small Reinsurers
- Midsized Reinsurers
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Property And Casualty Reinsurance Providers Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Property and casualty reinsurance providers are companies that offer insurance to protect their customers from losses caused by natural disasters, accidents, or other unforeseen events.
Some of the major players in the property and casualty reinsurance providers market are Swiss, China Reinsurance, SCOR.
The property and casualty reinsurance providers market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Property And Casualty Reinsurance Providers Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Property And Casualty Reinsurance Providers Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Property And Casualty Reinsurance Providers Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Property And Casualty Reinsurance Providers Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Property And Casualty Reinsurance Providers Market Size & Forecast, 2018-2028
4.5.1 Property And Casualty Reinsurance Providers Market Size and Y-o-Y Growth
4.5.2 Property And Casualty Reinsurance Providers Market Absolute $ Opportunity
Chapter 5 Global Property And Casualty Reinsurance Providers Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Property And Casualty Reinsurance Providers Market Size Forecast by Type
5.2.1 Intermediary
5.2.2 Direct Selling
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Property And Casualty Reinsurance Providers Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Property And Casualty Reinsurance Providers Market Size Forecast by Applications
6.2.1 Small Reinsurers
6.2.2 Midsized Reinsurers
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Property And Casualty Reinsurance Providers Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Property And Casualty Reinsurance Providers Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Property And Casualty Reinsurance Providers Analysis and Forecast
9.1 Introduction
9.2 North America Property And Casualty Reinsurance Providers Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Property And Casualty Reinsurance Providers Market Size Forecast by Type
9.6.1 Intermediary
9.6.2 Direct Selling
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Property And Casualty Reinsurance Providers Market Size Forecast by Applications
9.10.1 Small Reinsurers
9.10.2 Midsized Reinsurers
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Property And Casualty Reinsurance Providers Analysis and Forecast
10.1 Introduction
10.2 Europe Property And Casualty Reinsurance Providers Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Property And Casualty Reinsurance Providers Market Size Forecast by Type
10.6.1 Intermediary
10.6.2 Direct Selling
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Property And Casualty Reinsurance Providers Market Size Forecast by Applications
10.10.1 Small Reinsurers
10.10.2 Midsized Reinsurers
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Property And Casualty Reinsurance Providers Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Property And Casualty Reinsurance Providers Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Property And Casualty Reinsurance Providers Market Size Forecast by Type
11.6.1 Intermediary
11.6.2 Direct Selling
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Property And Casualty Reinsurance Providers Market Size Forecast by Applications
11.10.1 Small Reinsurers
11.10.2 Midsized Reinsurers
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Property And Casualty Reinsurance Providers Analysis and Forecast
12.1 Introduction
12.2 Latin America Property And Casualty Reinsurance Providers Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Property And Casualty Reinsurance Providers Market Size Forecast by Type
12.6.1 Intermediary
12.6.2 Direct Selling
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Property And Casualty Reinsurance Providers Market Size Forecast by Applications
12.10.1 Small Reinsurers
12.10.2 Midsized Reinsurers
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Property And Casualty Reinsurance Providers Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Property And Casualty Reinsurance Providers Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Property And Casualty Reinsurance Providers Market Size Forecast by Type
13.6.1 Intermediary
13.6.2 Direct Selling
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Property And Casualty Reinsurance Providers Market Size Forecast by Applications
13.10.1 Small Reinsurers
13.10.2 Midsized Reinsurers
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Property And Casualty Reinsurance Providers Market: Competitive Dashboard
14.2 Global Property And Casualty Reinsurance Providers Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Swiss
14.3.2 China Reinsurance
14.3.3 SCOR
