Global
reinsurance
market is anticipated to witness an exponential growth in the forecast
period. Reinsurance implies insurance that is acquired by an insurance company.
It allows companies claim under happenings including major disasters like
hurricanes and wildfires. In addition, it is useful in risk management, tax
mitigation, and for many other reasons. The company that procures the
reinsurance policy is known as a ceding company, cedent, or cedant under most
arrangements.
The
factors that propel the growth of the market include developing and emerging
economies, increased awareness regarding the importance of insurance among
developed and developing economies, technological advancements, and growing
demand for insurance products.
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On
the other hand, there are factors that may hamper the growth of the market including
high manufacturing and designing cost of technology and vulnerability to
cybercrimes. Reinsurance market is anticipated to expand at a significant CAGR
in the upcoming period as the scope, product types, and its applications are
increasing across the globe.
The
market could be explored by type, application, and geography. Market by type
could span Life Reinsurance and P&C Reinsurance. Market by-products
constitute non-life and life. The “non-life” segment led the reinsurance market
in 2017 and will continue to lead in the forecast period. The key factor that
could be attributed to the growth of the market includes increasing
consciousness regarding insurance products. The key applications that could be
explored in the market include Broker and direct Writing.
North
America accounted for the major share of the reinsurance industry in 2017 and
will continue to lead in the forecast period. The factor that could be
attributed to the growth include increasing demand, presence of leading
companies, stringent government regulations with insurance, life and health,
casualty and property, or a specialty such as aviation and marine, individuals
and organizations proactively buy insurance in these counties. North America is
followed by the Asia-Pacific region.
Market Segment:
The major players in global market
include
•
Munich Re
•
Swiss Re
•
Hannover Re
•
SCOR SE
•
Lloyd's
•
Berkshire Hathaway
•
Great-West Lifeco
•
RGA
•
China RE
•
Korean Re
Geographically, this report split global
into several key Regions, with, Premiums, market share and growth rate of
Reinsurance for these regions, from 2013 to 2025 (forecast)
•
North America
•
Europe
•
Asia
•
Latin America
•
Middle East & Africa
•
Oceania
Table of Contents
1
Report Overview
2
Product Type Market
3
Product Application Market
4
Manufacturers Profiles/Analysis
5
Market Performance for Manufacturers
6
Regions Market Performance for Manufacturers
7
World Market Performance Point
8
Development Trend for Regions and Countries (Sales Point)
9
Upstream Source, Technology and Cost
10
Channel Analysis
11
Consumer Analysis
12
Market Forecast
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