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GL J5613-GL | Industry Report

Global Reinsurance Carriers Industry Data and Analysis

BM
Brendan McErlaine
Analyst New York, United States January 2026

The global reinsurance industry, a crucial element of the worldwide financial ecosystem, hinges closely on the performance of worldwide equity markets. Reinsurance carriers often invest in equities to generate investment income, thereby funding the payment of claims. When COVID-19 first struck, equity markets plummeted due to widespread uncertainty. As central banks injected liquidity into the market, equity prices rebounded in late 2020, increasing revenue for reinsurance carriers. This momentum continued in 2021 as the economic recovery was underway. However, the geopolitical instability following Russia's exclusion from the MSCI World Index in 2022, coupled with soaring inflation and recessionary fears, resulted in a downturn for the reinsurance sector, reflecting a more than 10.0% decline in revenue that year.

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What's included in this industry analysis

IBISWorld's research coverage on the Global Reinsurance Carriers industry includes market sizing, forecasting, data and analysis from 2016-2031. The most recent publication was released January 2026.

About this industry

What's this industry report about?

The Global Reinsurance Carriers industry operates under the industry code J5613-GL. Global reinsurance carriers focus on assuming all or part of the risk associated with existing insurance policies originally underwritten by direct insurance carriers. In other words, this industry's primary activity is insuring insurance companies. Related terms covered in the Global Reinsurance Carriers industry include combined ratio, cedent, underwriting performance, capacity, cede, cession and retrocession.

What's included in this industry?

Products and services covered in Global Reinsurance Carriers industry include P&C reinsurance, Life, health and annuity reinsurance and Investment activities.

What companies are included in this industry?

Companies covered in the Global Reinsurance Carriers industry include Munchener Ruckversicherungs-Gesellschaft Aktiengesellschaft, Swiss Reinsurance Company Ltd. and Berkshire Hathaway Inc.

Performance

What's included in the Performance chapter?

The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Global Reinsurance Carriers industry.

Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.

Products & Markets

What's included in the Products and Markets chapter?

The Products and Markets chapter covers detailed products and service segmentation and analysis of major markets for the for the Global Reinsurance Carriers industry.

Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.

Geographic Breakdown

What's included in the Geographic Breakdown chapter?

The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Global Reinsurance Carriers industry.

Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.

Competitive Forces

What's included in the Competitive Forces chapter?

The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Global Reinsurance Carriers industry. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.

Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.

Companies

What's included in the Companies chapter?

The Companies chapter covers Key Takeaways, Market Share and Companies in the Global Reinsurance Carriers industry. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.

Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.

External Environment

What's included in the External Environment chapter?

The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Global Reinsurance Carriers industry. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.

Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.

Financial Benchmarks

What's included in the Financial Benchmarks chapter?

The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Global Reinsurance Carriers industry. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.

Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.

Industry Data

What's included in the Industry Data chapter?

The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Global Reinsurance Carriers industry.

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Frequently Asked Questions

What is the market size of the Global Reinsurance Carriers industry in 2026?

The market size of the Global Reinsurance Carriers industry is $364.0bn in 2026.

How many businesses are there in the Global Reinsurance Carriers industry in 2026?

There are 7,386 businesses in the Global Reinsurance Carriers industry, which has grown at a CAGR of 1.9 % between 2021 and 2026.

How may import tariffs affect the Global Reinsurance Carriers industry?

The Global Reinsurance Carriers industry is unlikely to be materially impacted by import tariffs with imports accounting for a low share of industry revenue.

How may export tariffs affect the Global Reinsurance Carriers industry?

The Global Reinsurance Carriers industry is unlikely to be materially impacted by export tariffs with exports accounting for a low share of industry revenue.

Has the Global Reinsurance Carriers industry grown or declined over the past 5 years?

The market size of the Global Reinsurance Carriers industry has been growing at a CAGR of 0.8 % between 2021 and 2026.

What is the forecast growth of the Global Reinsurance Carriers industry over the next 5 years?

Over the next five years, the Global Reinsurance Carriers industry is expected to grow.

What are the biggest companies in the Global Reinsurance Carriers industry?

The biggest companies operating in the Global Reinsurance Carriers industry are Munchener Ruckversicherungs-Gesellschaft Aktiengesellschaft, Swiss Reinsurance Company Ltd. and Berkshire Hathaway Inc.

What does the Global Reinsurance Carriers industry include?

Property and casualty reinsurance and Annuities, life and disability income reinsurance are part of the Global Reinsurance Carriers industry.

Which companies have the highest market share in the Global Reinsurance Carriers industry?

The company holding the most market share in the Global Reinsurance Carriers industry is Munchener Ruckversicherungs-Gesellschaft Aktiengesellschaft.

How competitive is the Global Reinsurance Carriers industry?

The level of competition is high and increasing in the Global Reinsurance Carriers industry.

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