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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 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
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 Key Buyers

The Global Reinsurance Carriers industry has a low level of industry concentration with top three firms expected to account for about 12.7% of industry revenue in 2013. 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. In the five years to 2013, the number of enterprises has declined at an annualized rate of 0.7% to 1,428... 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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