Overview

Risk and reward: Increased investment activity and a stabilized financial market will lead to recovery

IBISWorld’s Reinsurance Carriers 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 and offers strategic industry analysis of the key factors influencing the market.

REPORT SNAPSHOT

Industry Threats & Opportunities

  • The industry will benefit from capacity growth in direct insurance markets, which will boost demand for reinsurance
  • US reinsurers have been more disciplined regarding pricing and acquiring new business due to heavy foreign competition
  • The industry will benefit from rising premium prices and interest rate hikes

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    Industry Analysis & Industry Trends

    Over the past five years, the Reinsurance Carriers industry, which provides insurance for primary insurance companies, has grappled with the increasing frequency of natural disasters and significant volatility in financial markets. However, reinsurers remained resilient through much of the recent storm. Industry operators maintained sound underwriting discipline, grew their capital levels and increased investment income to cover underwriting losses. In the early part of the next five-year period, the industry will benefit from capacity growth in direct insurance markets, which will boost demand for reinsurance on these new policies...

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    Industry Report - Industry Key Buyers Chapter

    The US Reinsurance Carriers industry exhibits a moderate level of concentration, as the top players account for about a third of industry revenue. The top two industry operators, Berkshire Hathaway Inc. and Reinsurance Group of America Inc., are expected to account for about 20.0% and 10.2% of total industry revenue, respectively. The industry's concentration is expected to increase over the outlook period as industry operators consolidate to build capital levels to meet higher demand from downstream primary insurance markets. US reinsurers rely on foreign participants to manage risk because the US market does not have enough capacity to effectively reinsure all of its risks. Additionally, offshore companies are utilized by domestic companies to reduce geographical risks. As ..

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    Additional Insights for the Reinsurance Carriers Industry

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

  • Disciplined underwriting processes
  • Ability to effectively manage risk
  • Must comply with government regulations
  • IBISWorld analysts also discuss how external factors such as Demand from property, casualty and direct insurance and Demand from life insurance and annuities in the Reinsurance Carriers industry impact industry performance..

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    Industry Products

    What is the Reinsurance Carriers Industry?

    Companies in this industry specialize in assuming all or part of the risk associated with existing insurance policies originally underwritten by other insurance carriers. In other words, the primary business of participants in this industry is insuring insurance companies.

    Industry Products
    Life and health reinsurance
    Property and casualty reinsurance
    Investment activities
    Industry Activities
    Property and casualty reinsurance
    Automobile reinsurance
    Annuities, life and disability income reinsurance
    Health and medical reinsurance
    Surety and title 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
  • Demand from property, casualty and direct insurance
  • Demand from life insurance and annuities
  • Natural disaster index
  • Yield on 10-year Treasury note
  • S&P 500

  • Current Performance
  • Enduring volatility
  • Spreading risk
  • Chart: Revenue Growth

  • Industry Outlook
  • Potential for catastrophe losses increases
  • Markets will consolidate and diversify
  • Table: Reinsurance Carriers Industry Revenue Outlook

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

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Life Insurance & Annuities
  • Health & Medical Insurance
  • Property, Casualty and Direct Insurance

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

  • Products & Services
  • Property and casualty reinsurance
  • Life and health reinsurance
  • Investment activities
  • Other
  • Chart: Reinsurance Carriers Industry Products and Services Segmentation

  • Demand Determinants
  • Underlying demand in primary insurance markets
  • Determinants of reinsurance capacity

  • Major Markets
  • Direct insurers (except life, health and medical)
  • Life, health and medical insurers
  • Chart: Major Market Segmentation for the 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 Reinsurance Carriers

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

  • Industry Globalization
    Major Companies
    Berkshire Hathaway Inc.Reinsurance Group of America Inc.
  • Table: Berkshire Hathaway Inc. - financial performance
  • Table: Reinsurance Group of America Inc. - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the 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 Reinsurance Carriers Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • S&P 500 (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Jargon & Glossary
    Affiliated Reinsurer
  • A reinsurance company that has some common ownership interests with a group of insurers. US insurers often cede risks to foreign affiliates.
  • Capacity
  • The supply of insurance and the maximum amount of insurance a company or market can underwrite based on financial strength, or the policyholder's surplus.
  • Catastrophe (Cat) Bonds
  • A high-yield debt instrument that is usually insurance linked and meant to raise money in case of a catastrophe such as a hurricane or earthquake.
  • 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.
  • Collateralized Reinsurance
  • privately structured securities or derivatives utilized to gain participation to the traditional reinsurance market
  • 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.
  • Offshore
  • The relocation of a company's business process, such as manufacturing or accounting, from one country to another, whether the work is outsourced or stays within the company.
  • 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.
  • Unaffiliated Reinsurer
  • A reinsurance company that has no common ownership interests with a group of insurers. US insurers do not cede as much insurance to foreign unaffiliates.
  • Underwriting Performance
  • The performance of an insurer based only on the underwriting of insurance. It excludes the income, losses and expenses associated with investment activities.
  • Why buy this report?

    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 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 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 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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