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The market could be explored by type, application, and geography. Market by type could span Life Reinsurance and
P&C Reinsurance. Market by-products constitute non-life and life. The “non-life” segment led the reinsurance market
in 2017 and will continue to lead in the forecast period. The key factor that could be attributed to the growth of the
market includes increasing consciousness regarding insurance products. The key applications that could be explored
in the market include Broker and direct Writing.
North America accounted for the major share of the reinsurance industry in 2017 and will continue to lead in the
forecast period. The factor that could be attributed to the growth include increasing demand, presence of leading
companies, stringent government regulations with insurance, life and health, casualty and property, or a specialty such
as aviation and marine, individuals and organizations proactively buy insurance in these counties. North America is
followed by the Asia-Pacific region.
Some of the key players that fuel the growth of the reinsurance market comprise SCOR SE, Swiss Re, RGA, Munich Re,
Hannover Re, Berkshire Hathaway, Lloyd’s, Great-West Lifeco, Korean Re, China RE, PartnerRe, Mapfre, GIC Re,
Alleghany, XL Catlin, Everest Re, Maiden Re, AXIS, Tokio Marine, Sompo, Fairfax, and Mitsui Sumitomo. The leading
companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic
growth of the industry.
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Market Segment:
The major players in global market include
• Munich Re
• Swiss Re
• Hannover Re
• SCOR SE
• Lloyd's
• Berkshire Hathaway
• Great-West Lifeco
• RGA