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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 focuses on industry performance in key regions around the world and identifies the leading companies globally.

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 Key Buyers

The Global Reinsurance Carriers industry has a low level of industry concentration with top three firms expected to account for about 21.7% of global reinsurance premiums in 2014. Although concentration has increased slightly since the global financial crisis, it remains low. The crisis saw a number of enterprises suffer debilitating capital losses that made them targets for takeovers by the larger firms. Consequently, there has been a fall in enterprise numbers since the crisis, as these smaller, weakened firms have been absorbed by the dominant players who capitalized on the opportunity to gain market share. Over the five years to 2014, the number of enterprises has declined at an annualized rate of 0.7% to 4,898 operators... 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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