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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