Overview

Vital signs: As healthcare reform comes into effect, demand for reinsurance will rise

The Health & Medical Reinsurance Industry Research Report measures market size, analyses current and future trends, and provides an indication of market share for the industry’s largest companies. IBISWorld’s collection of industry market research reports gives you insightful, up-to-date information on the supply chains, economic drivers, and key buyers and markets for hundreds of industries.

REPORT SNAPSHOT

Market Share of Companies
Industry Statistics & Market Size
Revenue
$13bn
Annual Growth
11-16
4.5%
Annual Growth
16-21
Profit
Employment
4,513
Business
132

Industry Threats & Opportunities

  • Operators will expand their capacity and reinsurance structures to meet rising demand
  • A large number of medical malpractice insurers have withdrawn from the market due to insolvency issues
  • Domestic demand for reinsurance is not expected to grow as aggressively as it has in other capital-depleting events

  • shopping_cartBUY NOW TO READ MORE

    Industry Analysis & Industry Trends

    After the recession, the Health and Medical Reinsurance industry struggled with weakened demand from primary insurers and historically low interest rates, which reduced investment returns from fixed-income securities. However, over the past five years, industry revenue has recovered along with healthcare coverage as primary insurers used reinsurers to manage risk and increase their underwriting capacity. Moreover, rising stock market values have helped bolster investment income in recent years. To meet rising demand in coming years, industry operators will continue to expand their capacity and pursue alternative reinsurance structures. In addition, reinsurers will look to diversify product portfolios to mitigate fluctuations in any particular reinsurance line...

    shopping_cartBUY NOW TO READ MORE

    Industry Report - Industry Analysis Chapter

    The Health and Medical Reinsurance industry plays a crucial role in the health insurance market. In simple terms, reinsurance is insurance for insurance companies. Reinsurance coverage helps direct insurers increase their underwriting capacity, limit liability, manage risk and protect against catastrophic losses. In addition, reinsurers themselves use other reinsurers to manage their own policy risks or generate additional profit in a process known as retrocession. Health insurance companies often purchase reinsurance for protection against major medical expenses that can arise from, for example, a premature birth or an organ transplant. Broader health insurance coverage amid rising medical costs has driven demand for health and medical reinsurance. Ove..

    shopping_cartBUY NOW TO READ MORE

    Additional Insights for the Health & Medical Reinsurance Industry

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

  • Strong financial position
  • Disciplined underwriting processes
  • Ability to effectively manage risk
  • IBISWorld analysts also discuss how external factors such as Demand from health and medical insurance and Number of people with private health insurance in the Health & Medical Reinsurance industry impact industry performance..

    shopping_cartBUY NOW TO READ MORE

    Look under the hood?

    Download a FREE sample report

    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 health and medical insurance
  • Number of people with private health insurance
  • Total health expenditure
  • Yield on 10-year Treasury note
  • S&P 500
  • Median age of population

  • Current Performance
  • Quick recovery
  • Medical liability
  • Consolidation and globalization
  • Chart: Revenue Growth

  • Industry Outlook
  • Reinsurers continue to build reserves
  • Reform reshaping the market
  • Table: Health & Medical Reinsurance Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Health & Medical Reinsurance Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Health & Medical Insurance

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

  • Products & Services
  • Quota share reinsurance
  • Excess reinsurance
  • Chart: Health & Medical Reinsurance Industry Products and Services Segmentation

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

  • Major Markets
  • Group health insurance plans
  • Individual health insurance plans
  • Government-sponsored health insurance plans
  • Chart: Major Market Segmentation for the Health & Medical Reinsurance Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Loss and loss adjusted expenses (loss ratio)
  • Other underwriting expenses (expense ratio)
  • Wages
  • Chart: Cost Structure Benchmarking – Sector vs Health & Medical Reinsurance

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Health & Medical Reinsurance Industry

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

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Health & Medical Reinsurance 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 Health & Medical Reinsurance Industry
    Includes:
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Wages (2007-2021)
  • Number of people with private health insurance (2007-2021)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    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.
  • 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.
  • Offshore
  • The relocation of a company's business process, such as accounting, from one country to another, whether the work is outsourced or stays within the company.
  • Retrocession
  • The transfer of risk from a reinsurer to another reinsurer
  • 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 Health & Medical Reinsurance:
    • 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 Health & Medical Reinsurance 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 Health & Medical Reinsurance, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

    Join IBISWorld today

    Contact Us

    Want to speak to a representative? Call us.

    clear