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Reinsurance-Global Market Insights and Sales Trends 2024
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 size is expected to reach US$ 315360 million by 2029, growing at a CAGR of 1.7% from 2023 to 2029. The market is mainly driven by the significant applications of Reinsurance in various end use industries. The expanding demands from the Direct Writing and Broker, are propelling Reinsurance market. P&C Reinsurance, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Life Reinsurance segment is estimated at % CAGR for the next seven-year period.
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.
Report Objectives
This report provides market insight on the different segments, by players, by Type, by Distribution Channel. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Reinsurance, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Reinsurance market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Reinsurance market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Reinsurance sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Reinsurance covered in this report include Munich Re, Swiss Re, Hannover Re, SCOR SE, Lloyd’s, Berkshire Hathaway, Great-West Lifeco, RGA and China RE, etc.
The global Reinsurance market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
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
Global Reinsurance market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Reinsurance market, Segment by Type:
P&C Reinsurance
Life Reinsurance
Global Reinsurance market, by Distribution Channel
Direct Writing
Broker
Core Chapters
Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). 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 Two: 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 Three: 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 Four: Detailed analysis of Reinsurance companies’ competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Five: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter Eleven: 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 Twelve: Research Finding/Conclusion
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 size is expected to reach US$ 315360 million by 2029, growing at a CAGR of 1.7% from 2023 to 2029. The market is mainly driven by the significant applications of Reinsurance in various end use industries. The expanding demands from the Direct Writing and Broker, are propelling Reinsurance market. P&C Reinsurance, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Life Reinsurance segment is estimated at % CAGR for the next seven-year period.
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.
Report Objectives
This report provides market insight on the different segments, by players, by Type, by Distribution Channel. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Reinsurance, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Reinsurance market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Reinsurance market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Reinsurance sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Reinsurance covered in this report include Munich Re, Swiss Re, Hannover Re, SCOR SE, Lloyd’s, Berkshire Hathaway, Great-West Lifeco, RGA and China RE, etc.
The global Reinsurance market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
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
Global Reinsurance market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Reinsurance market, Segment by Type:
P&C Reinsurance
Life Reinsurance
Global Reinsurance market, by Distribution Channel
Direct Writing
Broker
Core Chapters
Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). 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 Two: 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 Three: 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 Four: Detailed analysis of Reinsurance companies’ competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Five: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter Eleven: 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 Twelve: Research Finding/Conclusion
Index1 Market Overview of Reinsurance
1.1 Reinsurance Market Overview
1.1.1 Reinsurance Product Scope
1.1.2 Reinsurance Market Status and Outlook
1.2 Global Reinsurance Market Size Overview by Region 2018 VS 2022 VS 2029
1.3 Global Reinsurance Market Size by Region (2018-2029)
1.4 Global Reinsurance Historic Market Size by Region (2018-2023)
1.5 Global Reinsurance Market Size Forecast by Region (2024-2029)
1.6 Key Regions, Reinsurance Market Size (2018-2029)
1.6.1 North America Reinsurance Market Size (2018-2029)
1.6.2 Europe Reinsurance Market Size (2018-2029)
1.6.3 Asia-Pacific Reinsurance Market Size (2018-2029)
1.6.4 Latin America Reinsurance Market Size (2018-2029)
1.6.5 Middle East & Africa Reinsurance Market Size (2018-2029)
2 Reinsurance Market by Type
2.1 Introduction
2.1.1 P&C Reinsurance
2.1.2 Life Reinsurance
2.2 Global Reinsurance Market Size by Type: 2018 VS 2022 VS 2029
2.2.1 Global Reinsurance Historic Market Size by Type (2018-2023)
2.2.2 Global Reinsurance Forecasted Market Size by Type (2024-2029)
2.3 Key Regions Market Size by Type
2.3.1 North America Reinsurance Revenue Breakdown by Type (2018-2029)
2.3.2 Europe Reinsurance Revenue Breakdown by Type (2018-2029)
2.3.3 Asia-Pacific Reinsurance Revenue Breakdown by Type (2018-2029)
2.3.4 Latin America Reinsurance Revenue Breakdown by Type (2018-2029)
2.3.5 Middle East and Africa Reinsurance Revenue Breakdown by Type (2018-2029)
3 Reinsurance Market Overview by Distribution Channel
3.1 Introduction
3.1.1 Direct Writing
3.1.2 Broker
3.2 Global Reinsurance Market Size by Distribution Channel: 2018 VS 2022 VS 2029
3.2.1 Global Reinsurance Historic Market Size by Distribution Channel (2018-2023)
3.2.2 Global Reinsurance Forecasted Market Size by Distribution Channel (2024-2029)
3.3 Key Regions Market Size by Distribution Channel
3.3.1 North America Reinsurance Revenue Breakdown by Distribution Channel (2018-2029)
3.3.2 Europe Reinsurance Revenue Breakdown by Distribution Channel (2018-2029)
3.3.3 Asia-Pacific Reinsurance Revenue Breakdown by Distribution Channel (2018-2029)
3.3.4 Latin America Reinsurance Revenue Breakdown by Distribution Channel (2018-2029)
3.3.5 Middle East and Africa Reinsurance Revenue Breakdown by Distribution Channel (2018-2029)
4 Reinsurance Competition Analysis by Players
4.1 Global Reinsurance Market Size by Players (2018-2023)
4.2 Global Top Players by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Reinsurance as of 2022)
4.3 Date of Key Players Enter into Reinsurance Market
4.4 Global Top Players Reinsurance Headquarters and Area Served
4.5 Key Players Reinsurance Product Solution and Service
4.6 Competitive Status
4.6.1 Reinsurance Market Concentration Rate
4.6.2 Mergers & Acquisitions, Expansion Plans
5 Company (Top Players) Profiles
5.1 Munich Re
5.1.1 Munich Re Profile
5.1.2 Munich Re Main Business
5.1.3 Munich Re Reinsurance Products, Services and Solutions
5.1.4 Munich Re Reinsurance Revenue (US$ Million) & (2018-2023)
5.1.5 Munich Re Recent Developments
5.2 Swiss Re
5.2.1 Swiss Re Profile
5.2.2 Swiss Re Main Business
5.2.3 Swiss Re Reinsurance Products, Services and Solutions
5.2.4 Swiss Re Reinsurance Revenue (US$ Million) & (2018-2023)
5.2.5 Swiss Re Recent Developments
5.3 Hannover Re
5.3.1 Hannover Re Profile
5.3.2 Hannover Re Main Business
5.3.3 Hannover Re Reinsurance Products, Services and Solutions
5.3.4 Hannover Re Reinsurance Revenue (US$ Million) & (2018-2023)
5.3.5 SCOR SE Recent Developments
5.4 SCOR SE
5.4.1 SCOR SE Profile
5.4.2 SCOR SE Main Business
5.4.3 SCOR SE Reinsurance Products, Services and Solutions
5.4.4 SCOR SE Reinsurance Revenue (US$ Million) & (2018-2023)
5.4.5 SCOR SE Recent Developments
5.5 Lloyd’s
5.5.1 Lloyd’s Profile
5.5.2 Lloyd’s Main Business
5.5.3 Lloyd’s Reinsurance Products, Services and Solutions
5.5.4 Lloyd’s Reinsurance Revenue (US$ Million) & (2018-2023)
5.5.5 Lloyd’s Recent Developments
5.6 Berkshire Hathaway
5.6.1 Berkshire Hathaway Profile
5.6.2 Berkshire Hathaway Main Business
5.6.3 Berkshire Hathaway Reinsurance Products, Services and Solutions
5.6.4 Berkshire Hathaway Reinsurance Revenue (US$ Million) & (2018-2023)
5.6.5 Berkshire Hathaway Recent Developments
5.7 Great-West Lifeco
5.7.1 Great-West Lifeco Profile
5.7.2 Great-West Lifeco Main Business
5.7.3 Great-West Lifeco Reinsurance Products, Services and Solutions
5.7.4 Great-West Lifeco Reinsurance Revenue (US$ Million) & (2018-2023)
5.7.5 Great-West Lifeco Recent Developments
5.8 RGA
5.8.1 RGA Profile
5.8.2 RGA Main Business
5.8.3 RGA Reinsurance Products, Services and Solutions
5.8.4 RGA Reinsurance Revenue (US$ Million) & (2018-2023)
5.8.5 RGA Recent Developments
5.9 China RE
5.9.1 China RE Profile
5.9.2 China RE Main Business
5.9.3 China RE Reinsurance Products, Services and Solutions
5.9.4 China RE Reinsurance Revenue (US$ Million) & (2018-2023)
5.9.5 China RE Recent Developments
5.10 Korean Re
5.10.1 Korean Re Profile
5.10.2 Korean Re Main Business
5.10.3 Korean Re Reinsurance Products, Services and Solutions
5.10.4 Korean Re Reinsurance Revenue (US$ Million) & (2018-2023)
5.10.5 Korean Re Recent Developments
5.11 PartnerRe
5.11.1 PartnerRe Profile
5.11.2 PartnerRe Main Business
5.11.3 PartnerRe Reinsurance Products, Services and Solutions
5.11.4 PartnerRe Reinsurance Revenue (US$ Million) & (2018-2023)
5.11.5 PartnerRe Recent Developments
5.12 GIC Re
5.12.1 GIC Re Profile
5.12.2 GIC Re Main Business
5.12.3 GIC Re Reinsurance Products, Services and Solutions
5.12.4 GIC Re Reinsurance Revenue (US$ Million) & (2018-2023)
5.12.5 GIC Re Recent Developments
5.13 Mapfre
5.13.1 Mapfre Profile
5.13.2 Mapfre Main Business
5.13.3 Mapfre Reinsurance Products, Services and Solutions
5.13.4 Mapfre Reinsurance Revenue (US$ Million) & (2018-2023)
5.13.5 Mapfre Recent Developments
5.14 Alleghany
5.14.1 Alleghany Profile
5.14.2 Alleghany Main Business
5.14.3 Alleghany Reinsurance Products, Services and Solutions
5.14.4 Alleghany Reinsurance Revenue (US$ Million) & (2018-2023)
5.14.5 Alleghany Recent Developments
5.15 Everest Re
5.15.1 Everest Re Profile
5.15.2 Everest Re Main Business
5.15.3 Everest Re Reinsurance Products, Services and Solutions
5.15.4 Everest Re Reinsurance Revenue (US$ Million) & (2018-2023)
5.15.5 Everest Re Recent Developments
5.16 XL Catlin
5.16.1 XL Catlin Profile
5.16.2 XL Catlin Main Business
5.16.3 XL Catlin Reinsurance Products, Services and Solutions
5.16.4 XL Catlin Reinsurance Revenue (US$ Million) & (2018-2023)
5.16.5 XL Catlin Recent Developments
5.17 Maiden Re
5.17.1 Maiden Re Profile
5.17.2 Maiden Re Main Business
5.17.3 Maiden Re Reinsurance Products, Services and Solutions
5.17.4 Maiden Re Reinsurance Revenue (US$ Million) & (2018-2023)
5.17.5 Maiden Re Recent Developments
5.18 Fairfax
5.18.1 Fairfax Profile
5.18.2 Fairfax Main Business
5.18.3 Fairfax Reinsurance Products, Services and Solutions
5.18.4 Fairfax Reinsurance Revenue (US$ Million) & (2018-2023)
5.18.5 Fairfax Recent Developments
5.19 AXIS
5.19.1 AXIS Profile
5.19.2 AXIS Main Business
5.19.3 AXIS Reinsurance Products, Services and Solutions
5.19.4 AXIS Reinsurance Revenue (US$ Million) & (2018-2023)
5.19.5 AXIS Recent Developments
5.20 Mitsui Sumitomo
5.20.1 Mitsui Sumitomo Profile
5.20.2 Mitsui Sumitomo Main Business
5.20.3 Mitsui Sumitomo Reinsurance Products, Services and Solutions
5.20.4 Mitsui Sumitomo Reinsurance Revenue (US$ Million) & (2018-2023)
5.20.5 Mitsui Sumitomo Recent Developments
5.21 Sompo
5.21.1 Sompo Profile
5.21.2 Sompo Main Business
5.21.3 Sompo Reinsurance Products, Services and Solutions
5.21.4 Sompo Reinsurance Revenue (US$ Million) & (2018-2023)
5.21.5 Sompo Recent Developments
5.22 Tokio Marine
5.22.1 Tokio Marine Profile
5.22.2 Tokio Marine Main Business
5.22.3 Tokio Marine Reinsurance Products, Services and Solutions
5.22.4 Tokio Marine Reinsurance Revenue (US$ Million) & (2018-2023)
5.22.5 Tokio Marine Recent Developments
6 North America
6.1 North America Reinsurance Market Size by Country (2018-2029)
6.2 U.S.
6.3 Canada
7 Europe
7.1 Europe Reinsurance Market Size by Country (2018-2029)
7.2 Germany
7.3 France
7.4 U.K.
7.5 Italy
7.6 Russia
7.7 Nordic Countries
7.8 Rest of Europe
8 Asia-Pacific
8.1 Asia-Pacific Reinsurance Market Size by Region (2018-2029)
8.2 China
8.3 Japan
8.4 South Korea
8.5 Southeast Asia
8.6 India
8.7 Australia
8.8 Rest of Asia-Pacific
9 Latin America
9.1 Latin America Reinsurance Market Size by Country (2018-2029)
9.2 Mexico
9.3 Brazil
9.4 Rest of Latin America
10 Middle East & Africa
10.1 Middle East & Africa Reinsurance Market Size by Country (2018-2029)
10.2 Turkey
10.3 Saudi Arabia
10.4 UAE
10.5 Rest of Middle East & Africa
11 Reinsurance Market Dynamics
11.1 Reinsurance Industry Trends
11.2 Reinsurance Market Drivers
11.3 Reinsurance Market Challenges
11.4 Reinsurance Market Restraints
12 Research Finding /Conclusion
13 Methodology and Data Source
13.1 Methodology/Research Approach
13.1.1 Research Programs/Design
13.1.2 Market Size Estimation
13.1.3 Market Breakdown and Data Triangulation
13.2 Data Source
13.2.1 Secondary Sources
13.2.2 Primary Sources
13.3 Disclaimer
13.4 Author List
Published By : QY Research
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