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(MoneyNewsWire.Net, December 18, 2018 ) The global reinsurance providers market, a part of the financial services industry, grew at a compound annual growth rate (CAGR) of around 5% during the historic period due to rising penetration of property & casualty insurance in developing economies and increasing demand for reinsurance in countries such as US and Japan to negate the risk from catastrophic incidents.
In the forecast period, the global reinsurance providers market size is expected to be over $400 billion by 2021, growing at a CAGR of nearly 5%. Factors which are expected to drive the market going forward include rising reinsurance penetration in the regions such as Middle East & Africa along with Asia. Furthermore, rising population, increase in dispensable income, and increasing per capita incomes are expected to drive the global reinsurance providers market in the future.
Find TBRC’s report on the reinsurance providers market: https://www.thebusinessresearchcompany.com/report/reinsurance-providers-global-market-report-2018
The mortgage insurance category has supported the growth of the reinsurance market. Monoline mortgage insurers have resurfaced during 2014 and 2015. Mortgage insurers are seeking reinsurance to enhance their risk management strategies, and are entering into reinsurance partnerships to improve their capital levels to manage their risk.
Major companies in the reinsurance providers market, offering new technology include AXA, Swiss Re, Munich Re, Hannover Re, SCOR SE.
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