![Impact of Covid-19 on Reinsurance Market is Expected to Thrive at Impressive CAGR by 2026](https://knnit.com/wp-content/uploads/2022/08/impact-of-covid-19-on-reinsurance-market-is-expected-to-thrive-at-impressive-cagr-by-2026_68629.jpg)
Market research report by Transparency Market (TMR) shows that the global reinsurance market on an upward curve between 2018 and 2026, charting a CAGR (Compound Annual Growth Rate) of a steady 4.7%, generating a market worth of 364.59 billion. Thus, market players should brace themselves for new and lucrative opportunities of growth over this period.
It is pertinent to note here that reinsurance is a critical instrument that protects the reinsurer via a ceding company from damages of calamities as per terms of agreement. This allows the latter to have a position of surplus and move from strength to strength. Besides, it allows for a reduced risk in terms of net amount. Because, this way it can actually increase the value of an individual risk, thereby allowing for a greater capacity for underwriting, the value of reinsurance is significant.
It is also pertinent to note here that it includes protection from critical illness, damage to property and casualty losses, negative impact on life and health and disability. And, some of the industries that are majorly dependent on this are transportation, oil and gas and agriculture.
For More Info | Download PDF Brochure, Click Here: https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=55410
![](https://www.transparencymarketresearch.com/images/reinsurance-market.jpg)
![](https://www.transparencymarketresearch.com/images/reinsurance-market.jpg)
North America and Asia Pacific to Contribute Significantly to the Growth of Global Reinsurance Market over the Forecast Period
It is also pertinent to note at this point that the region that will account for a major share of the global reinsurance market revenue is the North American region owing to a robust regulatory framework and a clamor to provide protection against property catastrophe. This is particularly true of two of the most important part of this region, which are Canada and the United States of America.
However, there is another region that is all set to drive significant strength to the trajectory of the global reinsurance market over the forecast period. It is that of the Asia Pacific (APAC) with its robust countries – China, India, and Japan – charting a notable CAGR. One of the factors that is notable in the overall scheme of things contributing to the growth of this market in the region is that of property catastrophe protection.
It makes sense owing to a rise in natural calamities witnessed by the region such as earthquakes, series of floods, typhoons and so on. One of the recent development include Kerala Floods of 2018 that led to a million people losing their homes.
Request For Covid19 Impact Analysis Across Industries And Markets – https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=55410
Competitive Landscape to be Fragmented ad Intense of the Forecast Period of 2018 and 2026
It is also worth noting here that the fragmented competitive landscape of the global reinsurance market has players that are both regional and international, some of the prominent names out of which include Barents Re Reinsurance, Inc., Berkshire Hathaway Inc., BMS Group Ltd., China Reinsurance (Group) Corporation, Everest Re Group, Ltd., Hannover Re, IRB-Brasil Resseguros S.A., Lloyd’s, Munich Re, Odyssey Reinsurance, PartnerRe, Reinsurance Group of America, Incorporated, SCOR SE, and Swiss RE Group.
Market Segmentation: Global Reinsurance Market
By Distribution Channel
- Direct Writing
- Broker
By End-user
- Life & Health Reinsurance Companies
- Non-Life/Property & Casualty Reinsurance Companies
By Country/Region
- North America
- The U.S.
- Canada
- Mexico
- Rest of North America
- Europe
- The U.K.
- Germany
- Italy
- France
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East &Africa
- South America
- Brazil
- Argentina
- Chile
- Colombia
- Panama
- Rest of South America
Customization of the Report: This report can be customized as per your needs for additional data or countries. – https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=55410
About Us
Transparency Market Research (TMR) is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
Contact
Transparency Market Research,
90 Sate Street, Suite 700,
Albany, NY 12207
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Email: [email protected]