The global reinsurance market is expected to grow at a CAGR of 4.5% during the forecast period, from $1.2 trillion in 2018 to $1.6 trillion by 2030. The growth of the reinsurance market is driven by factors such as increasing demand for insurance products and services, growing awareness about insurance products and services, and increasing number of natural disasters globally.
The global reinsurance market is segmented on the basis of type into P&C Reinsurance, Life Reinsurance, and Reinsuranc; on the basis of application into Direct Writing and Broker; and on the basis of region into North America, Latin America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA).
Some Of The Growth Factors Of This Market:
- The growth of the reinsurance market is driven by the need for insurance companies to diversify their risk and reduce their exposure to catastrophic events.
- The growth of the reinsurance market is also driven by a need for insurance companies to hedge against adverse changes in interest rates, currency exchange rates, and inflation rates.
- Growth in the reinsurance market is also driven by an increase in demand for property and casualty coverage from natural disasters such as hurricanes, earthquakes, floods, and wildfires that have increased over time due to climate change.
- Growth in the reinsurance market is also driven by an increase in demand for liability coverage from lawsuits that have increased over time due to a rise in litigation costs which are passed on to consumers through higher premiums or deductibles on policies with lower limits of liability coverage per claim or per accident than before litigation costs began increasing rapidly around 2000-2010.
- Growth in the reinsurance market is also driven by an increase in demand for life insurance coverage from people living longer than ever before.
Industry Growth Insights published a new data on “Reinsurance Market”. The research report is titled “Reinsurance Market research by Types (P&C Reinsurance, Life Reinsurance, Reinsuranc), By Applications (Direct Writing, Broker), By Players/Companies Munich Re, Swiss Re, Hannover Re, SCOR SE, Lloyd’s, Berkshire Hathaway, Great-West Lifeco, RGA, China RE, Korean Re, PartnerRe, GIC Re, Mapfre, Alleghany, Everest Re, XL Catlin, Maiden Re, Fairfax, AXIS, Mitsui Sumitomo, Sompo, Tokio Marine, Reinsuranc”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Reinsurance Market Research Report
By Type
P&C Reinsurance, Life Reinsurance, Reinsuranc
By Application
Direct Writing, Broker
By Companies
Munich Re, Swiss Re, Hannover Re, SCOR SE, Lloyd’s, Berkshire Hathaway, Great-West Lifeco, RGA, China RE, Korean Re, PartnerRe, GIC Re, Mapfre, Alleghany, Everest Re, XL Catlin, Maiden Re, Fairfax, AXIS, Mitsui Sumitomo, Sompo, Tokio Marine, Reinsuranc
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
243
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Reinsurance Market Report Segments:
The global Reinsurance market is segmented on the basis of:
Types
P&C Reinsurance, Life Reinsurance, Reinsuranc
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
Direct Writing, Broker
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:
- Munich Re
- Swiss Re
- Hannover Re
- SCOR SE
- Lloyd’s
- Berkshire Hathaway
- Great-West Lifeco
- RGA
- China RE
- Korean Re
- PartnerRe
- GIC Re
- Mapfre
- Alleghany
- Everest Re
- XL Catlin
- Maiden Re
- Fairfax
- AXIS
- Mitsui Sumitomo
- Sompo
- Tokio Marine
- Reinsuranc
Highlights of The Reinsurance 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:
- P&C Reinsurance
- Life Reinsurance
- Reinsuranc
- By Application:
- Direct Writing
- Broker
- 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 Reinsurance 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.
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- 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?
Reinsurance is a contract between two parties in which one party, the reinsurer, agrees to reimburse another party, the insured, for losses that may be incurred as a result of an event. The reinsurer pays out claims on an agreed-upon basis while the insured remains liable for any outstanding premiums owed.
Some of the major players in the reinsurance market are Munich Re, Swiss Re, Hannover Re, SCOR SE, Lloyd¢â‚¬â„¢s, Berkshire Hathaway, Great-West Lifeco, RGA, China RE, Korean Re, PartnerRe, GIC Re, Mapfre, Alleghany, Everest Re, XL Catlin, Maiden Re, Fairfax, AXIS, Mitsui Sumitomo, Sompo, Tokio Marine, Reinsuranc.
The reinsurance market is expected to grow at a compound annual growth rate of 4.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Reinsurance Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Reinsurance Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Reinsurance Market - Supply Chain
4.5. Global Reinsurance Market Forecast
4.5.1. Reinsurance Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Reinsurance Market Size (000 Units) and Y-o-Y Growth
4.5.3. Reinsurance Market Absolute $ Opportunity
5. Global Reinsurance Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Reinsurance Market Size and Volume Forecast by Type
5.3.1. P&C Reinsurance
5.3.2. Life Reinsurance
5.3.3. Reinsuranc
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Reinsurance Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Reinsurance Market Size and Volume Forecast by Application
6.3.1. Direct Writing
6.3.2. Broker
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Reinsurance Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Reinsurance Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Reinsurance Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Reinsurance Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Reinsurance Demand Share Forecast, 2019-2026
9. North America Reinsurance Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Reinsurance Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Reinsurance Market Size and Volume Forecast by Application
9.4.1. Direct Writing
9.4.2. Broker
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Reinsurance Market Size and Volume Forecast by Type
9.7.1. P&C Reinsurance
9.7.2. Life Reinsurance
9.7.3. Reinsuranc
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Reinsurance Demand Share Forecast, 2019-2026
10. Latin America Reinsurance Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Reinsurance Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Reinsurance Market Size and Volume Forecast by Application
10.4.1. Direct Writing
10.4.2. Broker
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Reinsurance Market Size and Volume Forecast by Type
10.7.1. P&C Reinsurance
10.7.2. Life Reinsurance
10.7.3. Reinsuranc
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Reinsurance Demand Share Forecast, 2019-2026
11. Europe Reinsurance Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Reinsurance Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Reinsurance Market Size and Volume Forecast by Application
11.4.1. Direct Writing
11.4.2. Broker
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Reinsurance Market Size and Volume Forecast by Type
11.7.1. P&C Reinsurance
11.7.2. Life Reinsurance
11.7.3. Reinsuranc
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
1.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Reinsurance Demand Share, 2019-2026
12. Asia Pacific Reinsurance Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Reinsurance Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Reinsurance Market Size and Volume Forecast by Application
12.4.1. Direct Writing
12.4.2. Broker
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Reinsurance Market Size and Volume Forecast by Type
12.7.1. P&C Reinsurance
12.7.2. Life Reinsurance
12.7.3. Reinsuranc
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Reinsurance Demand Share, 2019-2026
13. Middle East & Africa Reinsurance Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Reinsurance Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Reinsurance Market Size and Volume Forecast by Application
13.4.1. Direct Writing
13.4.2. Broker
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Reinsurance Market Size and Volume Forecast by Type
13.7.1. P&C Reinsurance
13.7.2. Life Reinsurance
13.7.3. Reinsuranc
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Reinsurance Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Reinsurance Market: Market Share Analysis
14.2. Reinsurance Distributors and Customers
14.3. Reinsurance Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Munich Re
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Swiss Re
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Hannover Re
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. SCOR SE
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Lloyds
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Berkshire Hathaway
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Great-West Lifeco
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. RGA
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. China RE
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Korean Re
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. PartnerRe
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. GIC Re
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Mapfre
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Alleghany
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Everest Re
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. XL Catlin
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Maiden Re
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Fairfax
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. AXIS
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Mitsui Sumitomo
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
