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 and 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 life and health reinsurance market reached a value of nearly $143.9 billion in 2020, having increased at a compound annual growth rate (CAGR) of 4.3% since 2015. The market is expected to grow from $143.9 billion in 2020 to $191.4 billion in 2025 at a rate of 5.6%. The life and health reinsurance market is then expected to grow at a CAGR of 4.7% from 2025 and reach $240.8 billion in 2030.
The COVID-19 pandemic brought upon loss of lives and a large-scale impact on health across the world, which substantially increased the amount and number of claims in the life-insurance sector. The increase in claims in the life insurance market is expected to drive the demand for life reinsurance in the forecast period.
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Some life and health reinsurance market trends include adoption of automated reinsurance platforms to create efficiency and transparency in the whole process. Moreover, alternative capital including investments from hedge funds, sovereign wealth funds, pensions, and mutual funds is increasing its presence in the life and health reinsurance market includes. The surge in alternative capital is motivated by the low correlation returns offered by the alternatives, increasing need for transparency, and upcoming innovating investment structures.
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
4) 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: Opportunities and Strategies: Forecast 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 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: Opportunities and Strategies: Forecast 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 Re Ltd., Munich Reinsurance Company, SCOR S.E., China Reinsurance (Group) Corporation, Hannover Rück S.E
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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