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Reinsurance Carriers in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Reinsurance Carriers Market Research Report | NAICS 52413 | Feb 2017

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

IBISWorld’s Reinsurance Carriers market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$54bn
Annual Growth 12-17
4.2%
Annual Growth 17-22
Annual Growth
Profit
Profit
Employment
13,838
Businesses
348
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
  • ... purchase to read more

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... ... purchase to read more

Industry Report - Industry Locations Chapter

The geographical location of reinsurers is similar to the dispersion of primary insurers, as the companies make up the majority of the industry's clientele. Both industries have businesses that operate in each market, meaning some primary insurers offer reinsurance coverage or vice versa. Regulatory requirements also influence the distribution of industry establishments, as reinsurers are regulated on a state basis. At the same time, reinsurers are not present in every state, as a local presence is not needed to effectively distribute policies. Instead, reinsurers rely on brokers and agents with industry expertise and strong contacts to gain business, as reinsurance contracts are more valuable and complex than primary insurance policies. Rei.. ... purchase to read more

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... purchase to read more

     


    Industry ProductsRelated Reports

    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 reinsuranceProperty and casualty reinsuranceInvestment activities
     
    Industry Activities
    Property and casualty reinsuranceAutomobile reinsuranceAnnuities, life and disability income reinsuranceHealth and medical reinsuranceSurety 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 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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