(MoneyNewsWire.Net, September 06, 2018 ) In this report, Publisher studies the present scenario (with the base year being 2017) and the growth prospects of global Reinsurance market for 2018-2023.
Reinsurance, also known as insurance for insurers or stop-loss insurance, is the practice of insurers transferring portions of risk portfolios to other parties by some form of agreement to reduce the likelihood of paying a large obligation resulting from an insurance claim. The party that diversifies its insurance portfolio is known as the ceding party. The party that accepts a portion of the potential obligation in exchange for a share of the insurance premium is known as the reinsurer. Global economic growth slowed in 2016 as both advanced and emerging markets saw diminished growth. While both equity markets and interest rates progressed favorably toward the end of 2017, improvement can at best be gradual with the political landscape being in a flux.
The reinsurance market is very concentrated market; the premiums of top twenty-two players account about 90% of the total premiums in 2017.
Geographically, the global reinsurance market has been segmented into North America, Europe, Asia, Latin America, Middle East & Africa and Oceania. The North America held the largest share in the global market, its premium of global market exceeds 43.89% in 2017. The next is Europe and Asia.
The leading players mainly are Munich Re, Swiss Re, Hannover Re, SCOR SE and Lloyd's. Munich Re is the largest players; its premiums of global market exceed 14.16% in 2017. The next is Swiss Re and Hannover Re.
Over the next five years, Publisher projects that Reinsurance will register a 1.8% CAGR in terms of revenue, reach US$ 275500 million by 2023, from US$ 247500 million in 2017.
This report presents a comprehensive overview, market shares and growth opportunities of Reinsurance market by product type, application, key companies and key regions.
To calculate the market size, Publisher considers value generated from the sales of the following segments:
Segmentation by product type: P&C Reinsurance Life Reinsurance Segmentation by application: Direct Writing Broker
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The report also presents the market competition landscape and a corresponding detailed analysis of the major players in the market. The key players covered in this report: Munich Re Swiss Re Hannover Re SCOR SE Lloyd's Berkshire Hathaway Great-West Lifeco RGA China RE Korean Re PartnerRe GIC Re Mapfre Alleghany Everest Re XL Catlin Maiden Re Fairfax AXIS Mitsui Sumitomo Sompo Tokio Marine
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key players and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
The study objectives of this report are: To study and analyze the global Reinsurance market size by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023. To understand the structure of Reinsurance market by identifying its various subsegments. Focuses on the key global Reinsurance players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years. To analyze the Reinsurance with respect to individual growth trends, future prospects, and their contribution to the total market. To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks). To project the size of Reinsurance submarkets, with respect to key regions (along with their respective key countries). To analyze competitive developments such as expansions, agreements, new product launches and acquisitions in the market. To strategically profile the key players and comprehensively analyze their growth strategies.
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Table of Content
2018-2023 Global Reinsurance Market Report (Status and Outlook)
1 Scope of the Report
2 Executive Summary
3 Global Reinsurance by Players
4 Reinsurance by Regions
5 Americas
6 APAC
7 Europe
8 Middle East & Africa
9 Market Drivers, Challenges and Trends
10 Global Reinsurance Market Forecast
11 Key Players Analysis 11.1 Munich Re 11.1.1 Company Details 11.1.2 Reinsurance Product Offered 11.1.3 Munich Re Reinsurance Revenue, Gross Margin and Market Share (2016-2018) 11.1.4 Main Business Overview 11.1.5 Munich Re News 11.2 Swiss Re 11.2.1 Company Details 11.2.2 Reinsurance Product Offered 11.2.3 Swiss Re Reinsurance Revenue, Gross Margin and Market Share (2016-2018) 11.2.4 Main Business Overview 11.2.5 Swiss Re News 11.3 Hannover Re 11.3.1 Company Details 11.3.2 Reinsurance Product Offered 11.3.3 Hannover Re Reinsurance Revenue, Gross Margin and Market Share (2016-2018) 11.3.4 Main Business Overview 11.3.5 Hannover Re News
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