The Global Reinsurance Carriers industry provides support to direct insurance markets all over the world. Reinsurance carriers generate revenue not just from reinsurance transactions but also through investing their earned premiums. Investment revenue comprises income flows from assets plus any capital gains or losses realized from asset sales. Investment revenue is an important part of reinsurers' business because it supplements potential underwriting losses. The industry is projected to grow consistently over the next five years. Developing markets will continue to be the strongest area of growth, while developed economies will pick up more slowly as instability and volatility in markets continues to dampen growth...purchase to read more.

Industry Statistics & Market Size
Revenue
$235bn
Annual Growth 13-18
2.7%
Forecast Growth 18-23
Profit
Employment
87,198
Businesses
15,165

Industry Report - Industry Key Buyers Chapter

The Global Reinsurance Carriers industry has a low level of industry concentration with the top three operators expected to account for 35.4% of industry-relevant revenue in 2018. Concentration has decreased over the five years to 2018, as a result of the declining financial performance of major companies due to currency fluctuations. For instance, the devaluation of the euro as has reduced the market share for the industry's largest company Munich Re. Additionally, small reinsurers have entered the industry during the five-year period to take advantage of the industry's tax incentives in certain countries, further diluting market share concentration...purchase to read more.

Additional Insights for the Global Reinsurance Carriers Industry

IBISWorld identifies 250 Key Success Factors for a business.The most important for the Global Reinsurance Carriers Industry are

  • Possession of accurate information
  • Market research and understanding
  • Having a good technical knowledge of the product
  • IBISWorld analysts also discuss how external factors such as Downstream Demand - Finance and Insurance and Global damage caused by natural disasters in the Global Reinsurance Carriers industry impact industry performance..

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    What's in this report

    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
  • P&C reinsurance
  • Life, health and annuity reinsurance
  • Investment activities
  • Industry Activities
  • Property and casualty reinsurance
  • Annuities, life and disability income reinsurance
  • Health and medical reinsurance
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Downstream Demand - Finance and Insurance
  • Global damage caused by natural disasters
  • LIBOR - London Interbank Offered Rate
  • MSCI World Index

  • Current Performance
    Premium softening in key marketsInvestments laggingTax incentives lead industry participation to increaseInnovative financial products spread riskReinsurance markets slowly recover
  • Chart: Revenue Growth

  • Industry Outlook
    Expansion prospectsL&H optimism
  • Table: Global Reinsurance Carriers Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Global Reinsurance Carriers Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Global Life & Health Insurance Carriers
  • Global Direct General Insurance Carriers

  • Key Selling Industries
  • Global Insurance Brokers & Agencies
  • Global Reinsurance Carriers

  • Products & Services
  • P&C reinsurance
  • Life, health and annuity reinsurance
  • Investment activities
  • Other
  • Chart: Global Reinsurance Carriers Industry Products and Services Segmentation

  • Demand Determinants
  • Determinants of reinsurance capacity

  • Major Markets
  • General insurers
  • Life, health and medical insurers
  • Chart: Major Market Segmentation for the Global Reinsurance Carriers Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Global Reinsurance Carriers

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Global Reinsurance Carriers Industry

  • Industry Globalization
    Munchener Ruckversicherungs-Gesellschaft Aktiengeselleschaft, Swiss Reinsurance Company, Berkshire Hathaway Inc.,
  • Table: Munchener Ruckversicherungs-Gesellschaft Aktiengeselleschaft - financial performance
  • Table: Swiss Reinsurance Company - financial performance
  • Table: Berkshire Hathaway Inc. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Global Reinsurance Carriers Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Global Reinsurance Carriers Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • Global damage caused by natural disasters (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Capacity
  • The supply of insurance and is the maximum amount of insurance a company or market can underwrite based on financial strength.
  • Cede
  • The action of an insurer passing risk to a reinsurer. The cedent purchases a contract indemnifying them for specific losses realized in assuming liability through the issuance of insurance policies.
  • Cedent
  • An insurance company that purchases reinsurance cover.
  • Cession
  • The portion of insurance ceded by the cedent to the reinsurer.
  • Combined Ratio
  • A measure of a firm's underwriting performance. A combined ratio of more than 100% indicates an underwriting loss, whereas a combined ratio of less than 100% indicates an underwriting profit.
  • Retrocession
  • The reinsuring of reinsurance. A reinsurance transaction whereby a reinsurer cedes all or part of the reinsurance risk it has assumed to another reinsurer.
  • Underwriting Performance
  • The performance of an insurer based only on the underwriting of insurance and therefore excludes the income/losses and expenses associated with investment activities.
  • What Our Customers Say

    Why buy this report?

    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.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Global Reinsurance Carriers:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Global Reinsurance Carriers market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Global Reinsurance Carriers, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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