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Reinsurance, also known as insurance for insurers or stop-loss insurance, is the practice of insurers transferring portions of risk portfolios to other parties by some form of agreement to reduce the likelihood of paying a large obligation resulting from an insurance claim. The party that diversifies its insurance portfolio is known as the ceding party. The party that accepts a portion of the potential obligation in exchange for a share of the insurance premium is known as the reinsurer. Reinsurance allows insurers to remain solvent by recovering some or all of amounts paid to claimants. Reinsurance reduces net liability on individual risks and catastrophe protection from large or multiple losses. It also provides ceding companies the capacity to increase their underwriting capabilities in terms of the number and size of risks. By covering the insurer against accumulated individual commitments, reinsurance gives the insurer more security for its equity and solvency and more stable results when unusual and major events occur. Insurers may underwrite policies covering a larger quantity or volume of risks without excessively raising administrative costs to cover their solvency margins. In addition, reinsurance makes substantial liquid assets available for insurers in case of exceptional losses.
This report aims to provide a comprehensive presentation of the global market for Reinsurance, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Reinsurance. This report contains market size and forecasts of Reinsurance in global, including the following market information:

• Global Reinsurance Market Revenue, 2018-2023, 2024-2029, ($ millions)

Global top five companies in 2022 (%)
The global Reinsurance market was valued at US$ 287960 million in 2022 and is projected to reach US$ 322400 million by 2029, at a CAGR of 1.6% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Global Reinsurance key players include Munich Re, Swiss Re, Berkshire Hathaway, Hannover Re, SCOR SE, etc. Global top five manufacturers hold a share about 50%. North America is the largest market, with a share about 45%, followed by Europe, with a share about 30 percent. In terms of product, P&C Reinsurance is the largest segment, with a share about 70%. And in terms of application, the largest application is Broker, followed by Direct Writing, etc.
We surveyed the Reinsurance companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Reinsurance Market, by Type, 2018-2023, 2024-2029 ($ millions)
Global Reinsurance Market Segment Percentages, by Type, 2022 (%)

• P&C Reinsurance
• Life Reinsurance

• Direct Writing
• Broker

• North America
• US
• Canada
• Mexico
• Europe
• Germany
• France
• U.K.
• Italy
• Russia
• Nordic Countries
• Benelux
• Rest of Europe
• Asia
• China
• Japan
• South Korea
• Southeast Asia
• India
• Rest of Asia
• South America
• Brazil
• Argentina
• Rest of South America
• Middle East & Africa
• Turkey
• Israel
• Saudi Arabia
• UAE
• Rest of Middle East & Africa

• Key companies Reinsurance revenues in global market, 2018-2023 (estimated), ($ millions)
• Key companies Reinsurance revenues share in global market, 2022 (%)
• Further, the report presents profiles of competitors in the market, key players include:
• Munich Re
• Swiss Re
• Hannover Re
• SCOR SE
• Lloyd?s
• Berkshire Hathaway
• Great-West Lifeco
• RGA
• China RE
• Korean Re
• PartnerRe
• GIC Re
• Mapfre
• Alleghany
• Everest Re
• XL Catlin
• Maiden Re
• Fairfax
• AXIS
• Mitsui Sumitomo
• Sompo
• Tokio Marine
• Outline of Major Chapters:
• Chapter 1: Introduces the definition of Reinsurance, market overview.
• Chapter 2: Global Reinsurance market size in revenue.
• Chapter 3: Detailed analysis of Reinsurance company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
• Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
• Chapter 5: Provides the analysis of various market segments by distribution channel, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
• Chapter 6: Sales of Reinsurance in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
• Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
• Chapter 8: The main points and conclusions of the report.