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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 offers insightful industry analysis and research into the market at an international level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

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

Industry Analysis

Reinsurance can be a fickle business, and the past five years exemplify this point. Industry revenue is estimated to increase at an annualized rate of 1.2% over the five years to 2014, as investment income suffered from low interest rates and volatile equity markets and premium growth was hindered by softening prices. Meanwhile, the industry's profit margin swung between 16.5% of revenue in 2009 and 12.2% in 2014 due to unpredictable catastrophic losses and difficult investment conditions. Most reinsurers emerged from the period with battered balance sheets, but still with a substantial amount of reserves... 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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