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Reinsurance Market By Product (Life, Non-Life), By Distribution Channel (Direct Working, Broker) - Growth, Future Prospects And Competitive Analysis, 2019 - 2027

Published: Nov 2019 | Report Code: 60067-11-19

Growing Technological Advancements to boost the demand for Reinsurance Market

The reinsurance market worldwide is expected to grow with a CAGR of 4.0% during the forecast period from 2019 to 2027 starting from USD 254 Bn in 2018. Increasing awareness for insurance products is driving the growth of reinsurance market. The practice of insurers to transfer portions of their risk portfolios to others by an agreement is known as reinsurance. Reinsurance is also known as insurance for insurers or stop-loss insurance. The reinsurance market is also backed by technological advancements. Therefore, we expect that the reinsurance market will show huge growth during the forecast period.

Market Synopsis

Reinsurance Market

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Non-Life Segment will led the Market

Global reinsurance market has two segments on the basis of product – life and non-life segment. The non-life segment has the largest share, with around 73% of the market revenue share in 2018. The demand for general insurance is on a rise. Awareness and strict policies towards accidental insurance, vehicle insurance, property insurance, to name a few, has led to growth in demand for non-life insurance or general insurance. The demand for reinsurance is directly dependent upon the demand for general insurance. Thus, we expect that the non-life segment will show significant growth during the forecast period 2019-2027.

Reinsurance Market

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North America will continue its Dominance

North America led the reinsurance market during the forecast period. It is estimated that more than 50% revnue of the reinsurance market shall be contributed by North America. North America has its dominance due to changes in equity markets and interests rate during 2018. Fluctuating interest rates have brought along noteworthy interest of insurers in the reinsurance market in the region. Backed by changes in political landscape and policies, the reinsurance market is set to grow.  As a result, we expect that North America will grow significantly throughout the forecast period.

Reinsurance Market

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Some of the prominent players operating in the reinsurance market Barents Re Reinsurance, Inc., Berkshire Hathaway Inc.,BMS Group Ltd., China Reinsurance (Group) Corporation, Everest Re Group, Ltd., Hannover Re, IRB-Brasil Resseguros S.A., Lloyd's, Munich Re, Odyssey Reinsurance, PartnerRe, Reinsurance Group of America, Incorporated, SCOR SE, and Swiss REGroup among others.

Reinsurance Market

Historical & Forecast Period

This research report presents the analysis of each segment from 2017 to 2027 considering 2018 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segments calculated for the forecast period from 2019 to 2027.

Report Scope by Segments

The reinsurance market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of global reinsurance market based on product, distribution channel and geography. Key segments covered in the report are as follows: 

ATTRIBUTE DETAILS
Research Period  2017-2027
Base Year 2018
Forecast Period  2019-2027
Historical Year  2017
Unit  USD Billion
Segmentation

 Product (2017–2027; US$ Bn)
 • Life
 • Non-Life

 Distribution Channel (2017–2027; US$ Bn)
 • Direct Working
 • Broker

 Geography Segment (2017–2027; US$ Bn)
 • North America (U.S., Rest of North America)
 • Europe (U.K., Germany, France, Rest of Europe)
 • Asia Pacific (China,Japan, India, Rest of Asia Pacific)
 • Rest of the World (Middle East & Africa, Latin America)

Key questions answered in this report

  • What was the market size of reinsurance in 2018 and forecast up to 2027?
  • Which is the largest regional market for reinsurance?
  • What are the major trends followed in overall reinsurance across different regions?
  • Who are the key reinsurance companies leading the market?
  • What are the key strategies adopted by the leading reinsurance companies in market?

Unique data points of this report

  • Recent trends across different regions in terms of adoption of reinsurance across various applications
  • Notable developments going on in reinsurance market
  • Attractive investment proposition for segments as well as geography
  • Comparative scenario for all the segments for years 2018 (actual) and 2027 (forecast)

Chapter 1 Preface
1.1 Report Scope and Description
1.1.1 Study Purpose
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research Scope
1.3 Research Methodology
1.3.1 Phase I – Secondary Research
1.3.2 Phase II – Primary Research
1.3.3 Approach Adopted
1.3.4 Top-Down Approach
1.3.5 Bottom-Up Approach
1.3.6 Phase III – Expert Panel Review
1.3.7 Assumptions
1.4 Market Segmentation

Chapter 2 Executive Summary
2.1 Market Snapshot: Global Reinsurance Market
2.1.1 Global Reinsurance Market, by Product, 2018 (US$ Bn)
2.1.2 Global Reinsurance Market, by Distribution Channel, 2018 (US$ Bn)
2.1.3 Global Reinsurance Market, by Geography, 2018 (US$ Bn)

Chapter 3 Market Dynamics
3.1 Introduction
3.2 Market Dynamics
3.2.1 Market Drivers
3.2.2 Market Restraint
3.3 Attractive Investment Proposition, by Geography, 2018
3.4 Market Positioning of Key Reinsurance Vendors, 2018

Chapter 4 Global Reinsurance Market, by Product
4.1 Overview
4.1.1 Global Reinsurance Market Value Share, by Product, 2018 & 2027 (Value, %)
4.2 Life
4.2.1 Global Life Market Value, 2017 – 2027 (US$ Bn)
4.3 Non-Life
4.3.1 Global Non-Life Market Value, 2017 – 2027 (US$ Bn)

Chapter 5 Global Reinsurance Market, by Distribution Channel
5.1 Overview
5.1.1 Global Reinsurance Market Value Share, by Distribution Channel, 2018 & 2027 (Value, %)
5.2 Direct Working
5.2.1 Global Reinsurance Market Value from Direct Working, 2017 – 2027 (US$ Bn)
5.3 Broker
5.3.1 Global Reinsurance Market Value from Broker, 2017 – 2027 (US$ Bn)

Chapter 6 North America Reinsurance Market Analysis, 2017 – 2027 (US$ Bn)
6.1 Overview
6.2 North America Reinsurance Market Analysis, by Product, 2017 – 2027 (US$ Bn)
6.2.1 Market Analysis
6.3 North America Reinsurance Market Analysis, by Distribution Channel, 2017 – 2027 (US$ Bn)
6.3.1 Market Analysis
6.4 North America Reinsurance Market, by Country, 2017 – 2027 (US$ Bn)
6.4.1 Market Analysis
6.4.2 U.S.
6.4.3 Rest of North America

Chapter 7 Europe Reinsurance Market Analysis, 2017 – 2027 (US$ Bn)
7.1 Overview
7.2 Europe Reinsurance Market Analysis, by Product, 2017 – 2027 (US$ Bn)
7.2.1 Market Analysis
7.3 Europe Reinsurance Market Analysis, by Distribution Channel, 2017 – 2027 (US$ Bn)
7.3.1 Market Analysis
7.4 Europe Reinsurance Market, by Country, 2017 – 2027 (US$ Bn)
7.4.1 Market Analysis
7.4.2 U.K.
7.4.3 Germany
7.4.4 France
7.4.5 Rest of Europe

Chapter 8 Asia Pacific Reinsurance Market Analysis, 2017 – 2027 (US$ Bn)
8.1 Overview
8.2 Asia Pacific Reinsurance Market Analysis, by Product, 2017 – 2027 (US$ Bn)
8.2.1 Market Analysis
8.3 Asia Pacific Reinsurance Market Analysis, by Distribution Channel, 2017 – 2027 (US$ Bn)
8.3.1 Market Analysis
8.4 Asia Pacific Reinsurance Market, by Country, 2017 – 2027 (US$ Bn)
8.4.1 Market Analysis
8.4.2 China
8.4.3 Japan
8.4.4 India
8.4.5 Rest of Asia Pacific

Chapter 9 Rest of the World (RoW) Reinsurance Market Analysis, 2017 – 2027 (US$ Bn)
9.1 Overview
9.2 RoW Reinsurance Market Analysis, by Product, 2017 – 2027 (US$ Bn)
9.2.1 Market Analysis
9.3 RoW Reinsurance Market Analysis, by Distribution Channel, 2017 – 2027 (US$ Bn)
9.3.1 Market Analysis
9.4 RoW Reinsurance Market, by Region (US$ Bn)
9.4.1 Market Analysis
9.4.2 Middle East & Africa (MEA)
9.4.3 Latin America

Chapter 10 Company Profiles
10.1 Barents Re Reinsurance, Inc.
10.2 Berkshire Hathaway Inc..
10.3 BMS Group Ltd.
10.4 China Reinsurance (Group) Corporation
10.5 Everest Re Group, Ltd.
10.6 Hannover Re
10.7 IRB-Brasil Resseguros S.A.
10.8 Lloyd’s
10.9 Munich Re
10.10 Odyssey Reinsurance
10.11 PartnerRe
10.12 Reinsurance Group of America, Inc.
10.13 SCOR SE
10.14 Swiss ReGroup

FIG. 1 Global Reinsurance Market: Research Methodology
FIG. 2 Market Size Estimation – Top Down & Bottom up Approach
FIG. 3 Global Reinsurance Market Segmentation
FIG. 4 Global Reinsurance Market, by Product, 2018 (US$ Bn)
FIG. 5 Global Reinsurance Market, by Distribution Channel, 2018 (US$ Bn)
FIG. 6 Global Reinsurance Market, by Geography, 2018 (US$ Bn)
FIG. 7 Attractive Investment Proposition, by Geography, 2018
FIG. 8 Market Positioning of Key Reinsurance Vendors, 2018
FIG. 9 Global Reinsurance Market Value Share, by Product, 2018 & 2027 (Value, %)
FIG. 10 Global Life Market Value, 2017 – 2027 (US$ Bn)
FIG. 11 Global Non-Life Market Value, 2017 – 2027 (US$ Bn)
FIG. 12 Global Reinsurance Market Value Share, by Distribution Channel, 2018 & 2027 (Value, %)
FIG. 13 Global Reinsurance Market Value from Direct Working, 2017 – 2027 (US$ Bn)
FIG. 14 Global Reinsurance Market Value from Broker, 2017 – 2027 (US$ Bn)

TABLE 1 Market Snapshot: Global Reinsurance Market Value
TABLE 2 North America Reinsurance Market Value, by Product, 2017 – 2027 (US$ Bn)
TABLE 3 North America Reinsurance Market Value, by Distribution Channel, 2017 – 2027 (US$ Bn)
TABLE 4 North America Reinsurance Market Value, by Country, 2017 – 2027 (US$ Bn)
TABLE 5 Europe Reinsurance Market Value, by Product, 2017 – 2027 (US$ Bn)
TABLE 6 Europe Reinsurance Market Value, by Distribution Channel, 2017 – 2027 (US$ Bn)
TABLE 7 Europe Reinsurance Market Value, by Country, 2017 – 2027 (US$ Bn)
TABLE 8 Asia Pacific Reinsurance Market Value, by Product, 2017 – 2027 (US$ Bn)
TABLE 9 Asia Pacific Reinsurance Market Value, by Distribution Channel, 2017 – 2027 (US$ Bn)
TABLE 10 Asia Pacific Reinsurance Market Value, by Country, 2017 – 2027 (US$ Bn)
TABLE 11 RoW Reinsurance Market Value, by Product, 2017 – 2027 (US$ Bn)
TABLE 12 RoW Reinsurance Market Value, by Distribution Channel, 2017 – 2027 (US$ Bn)
TABLE 13 RoW Reinsurance Market Value, by Region, 2017 – 2027 (US$ Bn)
TABLE 14 Barents Re Reinsurance, Inc.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 15 Berkshire Hathaway Inc..: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 16 BMS Group Ltd.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 17 China Reinsurance (Group) Corporation: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 18 Everest Re Group, Ltd.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 19 Hannover Re: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 20 IRB-Brasil Resseguros S.A.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 21 Lloyd’s: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 22 Munich Re: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 23 Odyssey Reinsurance: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 24 PartnerRe: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 25 Reinsurance Group Of America, Inc.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview And Recent Development)
TABLE 26 SCOR SE: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 27 Swiss ReGroup: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)

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