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 Key Buyers
The Global Reinsurance Carriers industry has a low level of industry concentration with the top three operators expected to account for 22.4% of global reinsurance premiums in 2016. Concentration has increased slightly over the period as a result of the financial performance discrepancy within the industry post-recession. The crisis saw a number of enterprises suffer debilitating capital losses that made them targets for takeovers by the larger operators. Consequently, there has been a fall in enterprise numbers since the crisis, as these smaller, weakened operators have been absorbed by the dominant players who capitalized on the opportunity to gain market share... read more