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 focuses on industry performance in key regions around the world and identifies the leading companies globally.


Market Share of Companies
Munich Re $x.xlock
Swiss Re $x.xlock
Industry Statistics & Market Size
Annual Growth
2012 - 2017
Annual Growth
2017 - 2022
Employment ('000)

Industry Threats & Opportunities

  • Low-interest rates continue to limit investment income for operators
  • Dysfunctional credit markets and subsequent high capital costs have benefited reinsurers
  • Revenue growth will be reflective of a rebound in investment revenue to more normal levels
  • Industry Analysis & Industry Trends

    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...

    Industry Investment

    The Global Reinsurance Carriers industry has a moderate level of capital intensity. For every dollar absorbed by labor, $0.24 is allocated to capital equipment. This ratio varies, however, depending on the nature of the market and the size of a reinsurer. In developed markets, capital expenditure is low, with the technology platforms in place and scale economies, less capital is required per dollar of revenue. As the volume of reinsurance business increases, the level of capital intensity generally declines because technological platforms at the most only need to be expanded, whereas increased business volume requires extra staff to process claims and administer accounts.


    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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    Industry Products

    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

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    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 markets
  • Investments lagging
  • Tax incentives lead industry participation to increase
  • Innovative financial products spread risk
  • Reinsurance markets slowly recover
  • Chart: Revenue Growth

  • Industry Outlook
  • Expansion prospects
  • L&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

  • Products & Markets
    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
  • 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
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Other
  • Wages
  • 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
    Major Companies
    Mnchener Rckversicherungs-Gesellschaft AktiengesellschaftSwiss Reinsurance Company
  • Table: Mnchener Rckversicherungs-Gesellschaft Aktiengesellschaft - financial performance
  • Table: Swiss Reinsurance Company - financial performance

  • Operating Conditions
    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
    Key Statistics
    Table: Industry Data for the Global Reinsurance Carriers Industry
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • MSCI World Index (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
  • 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.
  • Why buy this report?

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    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

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