1. Market Research
  2. > Financial Services
  3. > Insurance Market Trends
  4. > Reinsurance

Re-Insurance Schemes: Latest Industry Trends and Statistics

  • Currently 0/5 Stars.
  • 1
  • 2
  • 3
  • 4
  • 5
0 vote

Topics under Reinsurance

Global Reinsurance Market Report

Reinsurance is also known as "insurance for insurers". Reinsurance allows an insurance company to reduce the risks associated with underwritten policies. This is done by spreading risks across alternative institutions. The party that diversifies its insurance portfolio is known as the ceding party. The one that accepts a portion of the potential obligation in exchange for a share of the insurance premium is known as the reinsurer.

Reinsurers help insurance providers avoid loss in case a large number of policyholders make claims during catastrophic events. This cover allows the underwriters to recover all, or part, of the amounts they pay to claimants.

Munich Reinsurance, Aon Benfield, Hannover Re, China Reinsurance (Group) Corporation and Swiss Re are some of the largest reinsurers across the globe.

Key Segments

Broadly, at the global level, there are two types of reinsurance, based on the type of cover.

Facultative reinsurance protects an underwriter only for a particular individual, or a specified risk or contract. This type of policy is less common because each policy is offered and considered on an individual risk basis.

Treaty reinsurance accepts a specific level of risk from the primary insurer. The primary insurer must cede and the reinsurer must accept all risks that fall within terms of the agreement. Risk sharing under a treaty reinsurance contract is determined in two ways:

Under a quota sharing arrangement, the primary insurer and reinsurer share in the premiums and losses of every policy on a fixed percentage basis.

Through a surplus sharing agreement, the primary insurer covers all claims to an agreed level and the reinsurer covers the rest.

Regional Market Shares

The key geographies for the reinsurance industry include the USA, Europe and Bermuda.

By premium volume, the US is the largest insurance market by country in the world. The US together with Canada and Latin America represents about 15% of the global reinsurance market. According to analysis by the Reinsurance Association of America, approximately $46 billion in total property and casualty reinsurance premiums were ceded by US-based insurers to unaffiliated reinsurers; of this amount, about $28.4 billion of premiums were ceded to non-US reinsurers and approximately $17.6 billion of premiums were ceded to US reinsurers.

Five of the six largest reinsurance groups in the world, by premium volume, are based in Europe including Munich Reinsurance Co., Swiss Reinsurance Co. Ltd. and SCORSE. Over 27% of worldwide reinsurance premiums are written by German companies. The London market represents nearly 9% of the market, and the rest of Europe accounts for about 10%.

The Bermuda reinsurance industry is more recent but experienced high growth beginning in the 20th century because of the low-tax environment it offers. Since then, Bermuda has emerged as an important market for reinsurers with a substantial concentration of capital and reinsurance-related resources. According to Standard & Poor, Bermuda hosts about 15 of the world’s largest reinsurance groups, as measured by net reinsurance premiums and holds about 8% of the global reinsurance market. The captive insurance business, emerging mainly out of Europe and the US, has contributed significantly to the growth in Bermuda.

Read more »

Share

You might be interested in these related markets:

24/7 Customer Support

Talk to Sam

001 646 893 5945

1-10 of about 800 reports

Global Reinsurance Statistics

  • May 2017
    33 pages
  • Insurance  

    Reinsurance  

  • World  

    United States  

View report >

Reinsurance Industry in the US

  • May 2017
    5 pages
  • Reinsurance  

  • United States  

View report >

Reinsurance Industry in Europe - Forecast

  • September 2016
    20 pages
  • Reinsurance  

  • Europe  

View report >

Reinsurance Industry in Asia - Forecast

  • June 2015
    138 pages
  • Reinsurance  

    Insurance  

  • Asia  

    Australia  

    China  

View report >

Reinsurance Industry in Germany

  • April 2017
    15 pages
  • Reinsurance  

  • Germany  

View report >

Reinsurance Industry in the UK

  • January 2016
    9 pages
  • Reinsurance  

    Insurance  

  • United Kingdom  

View report >

Reinsurance Industry in the US and Canada

  • January 2016
    6 pages
  • Reinsurance  

  • United States  

    Canada  

    North America  

View report >

Reinsurance Industry in Brazil - Forecast

  • January 2017
    35 pages
  • Reinsurance  

    Insurance  

  • Brazil  

    South America  

View report >

Reinsurance Industry in Russia

  • March 2017
    18 pages
  • Reinsurance  

  • Russian Federat...  

View report >

Reinsurance Supply in India

  • June 2017
    14 pages
  • Reinsurance  

  • India  

View report >

Search in Reinsurance Industry (About 800 reports)
Parent industry: Insurance
Related industries: Life Insurance, Property Insurance, Pension, Health Insurance

About 300 reports

Purchase Reports From Reputable Market Research Publishers
(From $ 1090 - $ 1450)

Reinsurance in Greece, Key Trends and Opportunities to 2020

  • $ 1450
  • Industry report
  • June 2017
  • by Timetric

Synopsis Timetric’s 'Reinsurance in Greece Key Trends and Opportunities to 2020' report provides detailed analysis of the market trends, drivers and challenges in the Greek reinsurance segment. It provides ...

Reinsurance In Qatar, Key Trends And Opportunities To 2 ...

May 2017 $ 1450

Reinsurance In Ireland, Key Trends And Opportunities To ...

May 2017 $ 1450

Reinsurance In Romania, Key Trends And Opportunities To ...

May 2017 $ 1450

Reinsurance In South Africa, Key Trends And Opportuniti ...

May 2017 $ 1450

Reinsurance In Hong Kong, Key Trends And Opportunities ...

May 2017 $ 1450

Reinsurance In Spain, Key Trends And Opportunities To 2 ...

April 2017 $ 1450

Reinsurance In The Netherlands, Key Trends And Opportun ...

April 2017 $ 1450

Market Attractiveness And Future Prospects Of The Bahra ...

April 2017 $ 1450

Market Attractiveness And Future Prospects Of The Sudan ...

April 2017 $ 1450

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.