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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