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Global Reinsurance Market Research Report 2024

Global Reinsurance Market Research Report 2024

Publishing Date : Jan, 2024

License Type :
 

Report Code : 1704662

No of Pages : 107

Synopsis

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.

The global Reinsurance market was valued at US$ 279860 million in 2023 and is anticipated to reach US$ 315360 million by 2030, witnessing a CAGR of 1.7% during the forecast period 2024-2030.

Global Reinsurance key players include Munich Re, Swiss Re, Berkshire Hathaway, Hannover Re, SCOR SE, etc. Global top five manufacturers hold a share about 50%. North America is the largest market, with a share about 45%, followed by Europe, with a share about 30 percent. In terms of product, P&C Reinsurance is the largest segment, with a share about 70%. And in terms of application, the largest application is Broker, followed by Direct Writing, etc.

This report aims to provide a comprehensive presentation of the global market for Reinsurance, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Reinsurance.

Report Scope

The Reinsurance market size, estimations, and forecasts are provided in terms of revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Reinsurance market comprehensively. Regional market sizes, concerning products by Type, by Distribution Channel, and by players, are also provided.

For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.

The report will help the Reinsurance companies, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Distribution Channel, and by regions.

Market Segmentation

By Company

  • 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

Segment by Type

  • P&C Reinsurance
  • Life Reinsurance

Segment by Distribution Channel

  • Direct Writing
  • Broker

By Region

  •  North America (United States, Canada)
  • Europe (Germany, France, U.K., Italy, Russia)
  • Asia-Pacific (China, Japan, South Korea, India, Australia, China Taiwan, Indonesia, Thailand, Malaysia)
  • Latin America (Mexico, Brazil,Turkey, GCC Countries)

Chapter Outline

Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type, by Distribution Channel, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Reinsurance companies’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by Distribution Channel, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 11: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 12: The main points and conclusions of the report.

Index

1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global Reinsurance Market Size Growth Rate by Type: 2019 VS 2023 VS 2030
1.2.2 P&C Reinsurance
1.2.3 Life Reinsurance
1.3 Market by Distribution Channel
1.3.1 Global Reinsurance Market Growth by Distribution Channel: 2019 VS 2023 VS 2030
1.3.2 Direct Writing
1.3.3 Broker
1.4 Study Objectives
1.5 Years Considered
1.6 Years Considered
2 Global Growth Trends
2.1 Global Reinsurance Market Perspective (2019-2030)
2.2 Reinsurance Growth Trends by Region
2.2.1 Global Reinsurance Market Size by Region: 2019 VS 2023 VS 2030
2.2.2 Reinsurance Historic Market Size by Region (2019-2024)
2.2.3 Reinsurance Forecasted Market Size by Region (2025-2030)
2.3 Reinsurance Market Dynamics
2.3.1 Reinsurance Industry Trends
2.3.2 Reinsurance Market Drivers
2.3.3 Reinsurance Market Challenges
2.3.4 Reinsurance Market Restraints
3 Competition Landscape by Key Players
3.1 Global Top Reinsurance Players by Revenue
3.1.1 Global Top Reinsurance Players by Revenue (2019-2024)
3.1.2 Global Reinsurance Revenue Market Share by Players (2019-2024)
3.2 Global Reinsurance Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Players Covered: Ranking by Reinsurance Revenue
3.4 Global Reinsurance Market Concentration Ratio
3.4.1 Global Reinsurance Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Reinsurance Revenue in 2023
3.5 Reinsurance Key Players Head office and Area Served
3.6 Key Players Reinsurance Product Solution and Service
3.7 Date of Enter into Reinsurance Market
3.8 Mergers & Acquisitions, Expansion Plans
4 Reinsurance Breakdown Data by Type
4.1 Global Reinsurance Historic Market Size by Type (2019-2024)
4.2 Global Reinsurance Forecasted Market Size by Type (2025-2030)
5 Reinsurance Breakdown Data by Distribution Channel
5.1 Global Reinsurance Historic Market Size by Distribution Channel (2019-2024)
5.2 Global Reinsurance Forecasted Market Size by Distribution Channel (2025-2030)
6 North America
6.1 North America Reinsurance Market Size (2019-2030)
6.2 North America Reinsurance Market Growth Rate by Country: 2019 VS 2023 VS 2030
6.3 North America Reinsurance Market Size by Country (2019-2024)
6.4 North America Reinsurance Market Size by Country (2025-2030)
6.5 United States
6.6 Canada
7 Europe
7.1 Europe Reinsurance Market Size (2019-2030)
7.2 Europe Reinsurance Market Growth Rate by Country: 2019 VS 2023 VS 2030
7.3 Europe Reinsurance Market Size by Country (2019-2024)
7.4 Europe Reinsurance Market Size by Country (2025-2030)
7.5 Germany
7.6 France
7.7 U.K.
7.8 Italy
7.9 Russia
7.10 Nordic Countries
8 Asia-Pacific
8.1 Asia-Pacific Reinsurance Market Size (2019-2030)
8.2 Asia-Pacific Reinsurance Market Growth Rate by Region: 2019 VS 2023 VS 2030
8.3 Asia-Pacific Reinsurance Market Size by Region (2019-2024)
8.4 Asia-Pacific Reinsurance Market Size by Region (2025-2030)
8.5 China
8.6 Japan
8.7 South Korea
8.8 Southeast Asia
8.9 India
8.10 Australia
9 Latin America
9.1 Latin America Reinsurance Market Size (2019-2030)
9.2 Latin America Reinsurance Market Growth Rate by Country: 2019 VS 2023 VS 2030
9.3 Latin America Reinsurance Market Size by Country (2019-2024)
9.4 Latin America Reinsurance Market Size by Country (2025-2030)
9.5 Mexico
9.6 Brazil
10 Middle East & Africa
10.1 Middle East & Africa Reinsurance Market Size (2019-2030)
10.2 Middle East & Africa Reinsurance Market Growth Rate by Country: 2019 VS 2023 VS 2030
10.3 Middle East & Africa Reinsurance Market Size by Country (2019-2024)
10.4 Middle East & Africa Reinsurance Market Size by Country (2025-2030)
10.5 Turkey
10.6 Saudi Arabia
10.7 UAE
11 Key Players Profiles
11.1 Munich Re
11.1.1 Munich Re Company Detail
11.1.2 Munich Re Business Overview
11.1.3 Munich Re Reinsurance Introduction
11.1.4 Munich Re Revenue in Reinsurance Business (2019-2024)
11.1.5 Munich Re Recent Development
11.2 Swiss Re
11.2.1 Swiss Re Company Detail
11.2.2 Swiss Re Business Overview
11.2.3 Swiss Re Reinsurance Introduction
11.2.4 Swiss Re Revenue in Reinsurance Business (2019-2024)
11.2.5 Swiss Re Recent Development
11.3 Hannover Re
11.3.1 Hannover Re Company Detail
11.3.2 Hannover Re Business Overview
11.3.3 Hannover Re Reinsurance Introduction
11.3.4 Hannover Re Revenue in Reinsurance Business (2019-2024)
11.3.5 Hannover Re Recent Development
11.4 SCOR SE
11.4.1 SCOR SE Company Detail
11.4.2 SCOR SE Business Overview
11.4.3 SCOR SE Reinsurance Introduction
11.4.4 SCOR SE Revenue in Reinsurance Business (2019-2024)
11.4.5 SCOR SE Recent Development
11.5 Lloyd’s
11.5.1 Lloyd’s Company Detail
11.5.2 Lloyd’s Business Overview
11.5.3 Lloyd’s Reinsurance Introduction
11.5.4 Lloyd’s Revenue in Reinsurance Business (2019-2024)
11.5.5 Lloyd’s Recent Development
11.6 Berkshire Hathaway
11.6.1 Berkshire Hathaway Company Detail
11.6.2 Berkshire Hathaway Business Overview
11.6.3 Berkshire Hathaway Reinsurance Introduction
11.6.4 Berkshire Hathaway Revenue in Reinsurance Business (2019-2024)
11.6.5 Berkshire Hathaway Recent Development
11.7 Great-West Lifeco
11.7.1 Great-West Lifeco Company Detail
11.7.2 Great-West Lifeco Business Overview
11.7.3 Great-West Lifeco Reinsurance Introduction
11.7.4 Great-West Lifeco Revenue in Reinsurance Business (2019-2024)
11.7.5 Great-West Lifeco Recent Development
11.8 RGA
11.8.1 RGA Company Detail
11.8.2 RGA Business Overview
11.8.3 RGA Reinsurance Introduction
11.8.4 RGA Revenue in Reinsurance Business (2019-2024)
11.8.5 RGA Recent Development
11.9 China RE
11.9.1 China RE Company Detail
11.9.2 China RE Business Overview
11.9.3 China RE Reinsurance Introduction
11.9.4 China RE Revenue in Reinsurance Business (2019-2024)
11.9.5 China RE Recent Development
11.10 Korean Re
11.10.1 Korean Re Company Detail
11.10.2 Korean Re Business Overview
11.10.3 Korean Re Reinsurance Introduction
11.10.4 Korean Re Revenue in Reinsurance Business (2019-2024)
11.10.5 Korean Re Recent Development
11.11 PartnerRe
11.11.1 PartnerRe Company Detail
11.11.2 PartnerRe Business Overview
11.11.3 PartnerRe Reinsurance Introduction
11.11.4 PartnerRe Revenue in Reinsurance Business (2019-2024)
11.11.5 PartnerRe Recent Development
11.12 GIC Re
11.12.1 GIC Re Company Detail
11.12.2 GIC Re Business Overview
11.12.3 GIC Re Reinsurance Introduction
11.12.4 GIC Re Revenue in Reinsurance Business (2019-2024)
11.12.5 GIC Re Recent Development
11.13 Mapfre
11.13.1 Mapfre Company Detail
11.13.2 Mapfre Business Overview
11.13.3 Mapfre Reinsurance Introduction
11.13.4 Mapfre Revenue in Reinsurance Business (2019-2024)
11.13.5 Mapfre Recent Development
11.14 Alleghany
11.14.1 Alleghany Company Detail
11.14.2 Alleghany Business Overview
11.14.3 Alleghany Reinsurance Introduction
11.14.4 Alleghany Revenue in Reinsurance Business (2019-2024)
11.14.5 Alleghany Recent Development
11.15 Everest Re
11.15.1 Everest Re Company Detail
11.15.2 Everest Re Business Overview
11.15.3 Everest Re Reinsurance Introduction
11.15.4 Everest Re Revenue in Reinsurance Business (2019-2024)
11.15.5 Everest Re Recent Development
11.16 XL Catlin
11.16.1 XL Catlin Company Detail
11.16.2 XL Catlin Business Overview
11.16.3 XL Catlin Reinsurance Introduction
11.16.4 XL Catlin Revenue in Reinsurance Business (2019-2024)
11.16.5 XL Catlin Recent Development
11.17 Maiden Re
11.17.1 Maiden Re Company Detail
11.17.2 Maiden Re Business Overview
11.17.3 Maiden Re Reinsurance Introduction
11.17.4 Maiden Re Revenue in Reinsurance Business (2019-2024)
11.17.5 Maiden Re Recent Development
11.18 Fairfax
11.18.1 Fairfax Company Detail
11.18.2 Fairfax Business Overview
11.18.3 Fairfax Reinsurance Introduction
11.18.4 Fairfax Revenue in Reinsurance Business (2019-2024)
11.18.5 Fairfax Recent Development
11.19 AXIS
11.19.1 AXIS Company Detail
11.19.2 AXIS Business Overview
11.19.3 AXIS Reinsurance Introduction
11.19.4 AXIS Revenue in Reinsurance Business (2019-2024)
11.19.5 AXIS Recent Development
11.20 Mitsui Sumitomo
11.20.1 Mitsui Sumitomo Company Detail
11.20.2 Mitsui Sumitomo Business Overview
11.20.3 Mitsui Sumitomo Reinsurance Introduction
11.20.4 Mitsui Sumitomo Revenue in Reinsurance Business (2019-2024)
11.20.5 Mitsui Sumitomo Recent Development
11.21 Sompo
11.21.1 Sompo Company Detail
11.21.2 Sompo Business Overview
11.21.3 Sompo Reinsurance Introduction
11.21.4 Sompo Revenue in Reinsurance Business (2019-2024)
11.21.5 Sompo Recent Development
11.22 Tokio Marine
11.22.1 Tokio Marine Company Detail
11.22.2 Tokio Marine Business Overview
11.22.3 Tokio Marine Reinsurance Introduction
11.22.4 Tokio Marine Revenue in Reinsurance Business (2019-2024)
11.22.5 Tokio Marine Recent Development
12 Analyst's Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.2 Data Source
13.2 Disclaimer
13.3 Author Details

Published By : QY Research

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