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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 | May 2013

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
Industry Statistics & Forecast
Revenue
$592bn
Annual Growth 08-13
6.3%
Annual Growth 13-18
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Profit
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Employment ('000)
86
Businesses
2,913
Industry Analysis & Industry Trends

The Global Reinsurance Carriers industry provides support to direct insurance markets all over the world. In essence, reinsurers provide insurance for policies the insurance industries have written, but are subsequently unwilling or unable to accept. A primary insurer purchases reinsurance to limit its exposure, usually to one specific type of risk, thereby diversifying its book of risk. The global reinsurance market then spreads these risks across more companies and countries, thereby maximizing the spread of risk and protection against unforeseen losses. This improves the capital efficiency of the overall insurance market so that less capital is required to back any unit of risk... read more

Industry Analysis

Reinsurance can be a fickle business, and the five years through 2013 exemplify this point. Industry revenue is estimated to expand at an annualized rate of 6.3% over the five years to 2013, as investment income collapsed from record levels and premium income weakened at the height of the financial crisis. Meanwhile, the industry's profit margin swung wildly between 8.0% and 23.0% due to unpredictable catastrophic losses and manic investment conditions. Most reinsurers emerged from the period with battered balance sheets, but still in a robust condition. Precrisis underwriting discipline meant the industry entered 2008 with healthy balance sheets, enabling reinsurers to handle a prolonged period of financial market and economic turmoil... 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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