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
The geographical distribution of premium income for the Global Reinsurance industry reflects the distribution of premium revenue in the primary markets, the industry's historical roots, the degree of deregulation and the development in financial and capital markets.
Two regions dominate the global reinsurance industry: Europe and North America. These two regions account for about 65.0% of global reinsurance premiums. Although, the share for each region is starting to even out as developing nations advance and as the industry becomes more globalized... read more