The Global Reinsurance Providers Market Is Valued At 5 Billion In 2017 Accord

Posted by ananth on June 22nd, 2018

The reinsurance providers market includes establishments engaged in assuming all or part of the risk with existing insurance policies originally underwritten by other insurance providers (direct insurance carriers). Reinsurance providers invest premiums collected from insurance providers to build up a portfolio of financial assets to be used against future claims.

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The market is valued at 5 billion in 2017 because of the reinsurers across the globe are offering bundled products and services to enhance their revenues.

The market in the report is segmented into: life reinsurance providers and non-life reinsurance providers.

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The USA was the largest country in the reinsurance providers market in 2017, accounting for one-fifth of the market share followed by China and Japan.

The top five competitors in the market made up 62 % of the total market share in 2017. AXA was the largest competitor, followed by Swiss Re, Munich Re, Hannover Re and SCOR SE. AXA was the largest competitor in the reinsurance providers industry with a 32% share of the market in 2016. It is a French company incorporated in 1957 with headquarters in Paris. The company provides services in around 64 countries and employs around 10,000 people. AXA specializes in insurance, banking and asset management.

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