Global Reinsurance Market is Projected to Reach 318.75 billion USD by 2025
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 industry achieved a strong underwriting performance in 2017, the global reinsurance premiums has grown at a CAGR of 1.7% from 227.05 billion USD in 2013 to reach 247.51 billion USD by 2017 in global market. The reinsurance market is very concentrated market; the premiums of top twenty-two players account about 90% of the total premiums in 2017.
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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.
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