Global Reinsurance Market 2024-2028
The reinsurance market is forecasted to grow by USD 553.8 bn during 2023-2028, accelerating at a CAGR of 13.54% during the forecast period. The report on the reinsurance market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing awareness of insurance products in emerging markets, increase in demand for various insurance plans., and increasing geriatric population.
Technavio's reinsurance market is segmented as below:
By Product
- Non-life reinsurance
- Life reinsurance
By Type
- Facultative reinsurance
- Treaty reinsurance
By Geography
- Europe
- APAC
- North America
- Middle East and Africa
- South America
This study identifies the fluctuating interest rates of reinsurance premium as one of the prime reasons driving the reinsurance market growth during the next few years. Also, advances in technology and changing talent requirements will lead to sizable demand in the market.
The report on the reinsurance market covers the following areas:
- Reinsurance market sizing
- Reinsurance market forecast
- Reinsurance market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading reinsurance market vendors that include Allianz SE, American International Group Inc., AXA Group, Barents Re Reinsurance Co. Inc., Berkshire Hathaway Inc., BMS Group Ltd., Everest Re Group Ltd., Fairfax Financial Holdings Ltd., Great West Lifeco Inc., Hannover Re, Korean Reinsurance Co., MS and AD Insurance Group Holdings Inc., Munich Reinsurance Co., PartnerRe Ltd., QBE Insurance Group Ltd., Reinsurance Group of America Inc., RenaissanceRe Holdings Ltd., SCOR SE, Swiss Re Ltd., and The Toa Reinsurance Co. Ltd.. Also, the reinsurance market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.