The Global Life And Health Reinsurance Market Report by The Business Research Company covers life and health reinsurance market drivers and restraints, life and health reinsurance market size, major players, and the impact of COVID-19 on the life and health reinsurance market.
The life & health reinsurance market consists of sales of reinsurance by entities (organizations, sole traders, and partnerships) that are engaged in assuming all or part of the risk with existing life and health insurance policies originally underwritten by other insurance providers (direct insurance carriers). Only goods and services traded between entities or sold to end consumers are included.
The rise in the demand for life and health insurance policies is expected to drive the market for life and health reinsurance market during the forecast period. COVID-19 outbreak has raised the importance and demand for life insurance in the minds of the people.
The global life & health reinsurance market is expected to grow from $127.29 billion in 2020 to $135.16 billion in 2021 at a compound annual growth rate (CAGR) of 6.2%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $169.27 billion in 2025 at a CAGR of 5.8%.
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Some life and health reinsurance market trends include the increasing demand for artificial intelligence in life & health reinsurance. According to the Reinsurance News, Swiss Re is partnering with Tencent’s WeBank to research Artificial Intelligence use in reinsurance. Swiss Re and WeBank will work collaboratively to explore the technology involvement in addressing the challenges imposed by data silos. Swiss Re is expecting the partnership to build a foundation for a new business supported by federated learning and will also encourage the reinsurance industry to adopt a new framework to improve technological capabilities.
Global life and health reinsurance market segments include:
1) By Type: Facultative Reinsurance, Treaty Reinsurance.
2) By Distribution Channel: Direct Response, Agents & Brokers, Banks, Others.
3) By Product: Life, Health.
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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The Life And Health Reinsurance Global Market Report 2021: COVID 19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides life and health reinsurance market overviews, analyzes and forecasts market size, share, life and health reinsurance market players, life and health reinsurance market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The life and health reinsurance market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read Life And Health Reinsurance Global Market Report 2021: COVID 19 Impact and Recovery to 2030 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries.
Market Players Covered: Swiss Reinsurance Company Ltd, Munich Re Group, Reinsurance Group of America (RGA), SCOR SE, Hannover Re, China Reinsurance Corporation, Berkshire Hathaway Re, PartnerRe Ltd., Korean Reinsurance Company, Taiping Reinsurance Co, Great West Lifeco, General Insurance Corporation of India (GIC Re), Everest Re, Axis Capital Holdings Limited, Alleghany, XL Catlin, Maiden Re, Fairfax, Mitsui Sumitomo, XL Bermuda, Transatlantic Holdings, RenaissanceRe Holdings, MS&AD Insurance Group Holdings, R+V Versicherung, Arch Capital Group, The Toa Reinsurance Company, Assicurazioni Generali.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The Life And Health Reinsurance Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The Life And Health Reinsurance Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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