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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 | Mar 2016

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
$295bn
Annual Growth 11-16
-4.7%
Annual Growth 16-21
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Profit
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Employment ('000)
333
Businesses
11,326
Industry Analysis & Industry Trends

The Global Reinsurance Carriers industry, which provides support to direct insurance markets all over the world, has suffered over the past five years. This will cap off a slow growth period characterized by low-interest rates, a prolonged soft insurance market and severe currency headwinds for many global reinsurers. Nevertheless, the industry is projected to return to more robust growth over the next five years, particularly in emerging markets.In addition, global demand for reinsurance is growing, as more direct insurers look to shore up their capital positions before taking on more business. Furthermore, renewed commitment to higher interest rates in the United States are set to benefit the investment income garnered by reinsurers.



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Industry Analysis

Reinsurance can be a fickle business, and the past five years exemplify this point. Industry revenue is estimated to decrease at an annualized rate of 4.7% over the five years to 2016, as investment income suffered from low-interest rates, volatile equity and commodity markets and as premium growth was hindered by softening prices. Meanwhile, the industry's profit margin endured some volatility, ultimately reaching 12.2% of revenue in 2016, due to an unusually low amount of catastrophic losses since 2012 and a rise in alternative investment capabilities. Most reinsurers began the period with battered balance sheets, but still with a substantial amount of reserves which enabled operators to endure a prolonged soft market, low investment yields and recent currency headwinds... 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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