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Global Reinsurance Carriers: Market Research Report

Global Market Research • Global Market Size • Industry Statistics • Industry Analysis • Industry Trends

Global Reinsurance Carriers Market Research Report | Jul 2014

The global economy presents its own set of opportunities and threats for businesses in a range of industries. IBISWorld’s Global Reinsurance Carriers global market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies globally and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Market Share of Companies
Munich Re Munich Re market share
Swiss Re Swiss Re market share
Industry Statistics & Forecast
Revenue
$369bn
Annual Growth 09-14
1.2%
Annual Growth 14-19
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Profit
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Employment ('000)
344
Businesses
10,920
Industry Analysis & Industry Trends

The Global Reinsurance Carriers industry provides support to direct insurance markets all over the world. Resinsurers assume part or all of the liability for one or more insurance policy and compensate insurers within contracted parameters for predescribed losses incurred under that insurance policy. This transfers part or all of the risk to reinsurers, helping insurers to increase their capacity and limit their liability. In a process known as retrocession, reinsurers use other reinsurers to manage their own risk. The global reinsurance market then spreads this risk across more companies and countries, thereby maximizing the spread of risk and protection against unforeseen losses... read more

Starting a New Business

Regulations for reinsurance tend not to be as high as for primary insurance industries. Reinsurers normally have to apply for an operating license in each of the countries they seek to operate. Gaining a license generally requires reinsurers to demonstrate a solid operating record, healthy balance sheet and excess surplus to suffice all ordinary contingencies in addition to minimum capital requirements. In establishing operations, reinsurers must also submit regular performance reports and continue to conform to minimum capital and solvency standards.

The need to meet minimum capital requirements imposes substantial start-up costs on reinsurers. This presents another major hurdle for entry into the industry... read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Global Reinsurance Carriers Industry?

Businesses in this industry focus on assuming all or part of the risk associated with existing insurance policies originally underwritten by direct insurance carriers. In other words, the primary activity of this industry is insuring insurance companies.

Industry Products
Life reinsuranceAccident, health and medical reinsuranceProperty reinsuranceSurety and title reinsuranceOther reinsuranceLiability reinsuranceInvestment activities
 
Industry Activities
Property and casualty reinsuranceAnnuities, life and disability income reinsuranceHealth and medical reinsurance


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