再保険市場規模、シェア、成長分析：タイプ別、用途別、流通チャネル別、モード別、地域別 - 産業予測（2025年～2032年）

再保険市場規模は2023年に5,533億米ドルと評価され、2024年の6,141億6,000万米ドルから2032年には1兆4,153億6,000万米ドルに成長し、予測期間（2025年～2032年）のCAGRは11.0％で成長する見通しです。

2022年、世界の再保険市場は、金利上昇に伴う債券および株式価値の下落の影響を受けて自己資本利益率（ROE）と資本水準が低下したにもかかわらず、保険料の目覚ましい伸びを示し、堅調な保険引受収益性を維持しました。全体的な財務体質は引き続き堅固であり、2012年から2021年までの年間平均総株主利益率（TSR）が14.5％であったことが強調されています。自然災害の頻度が高まっていることがTSRを圧迫しているもの、5年間のTSR（2017年～2021年）は8.1%で、損害保険を除くすべての元受保険セクターを上回っています。キャタストロフボンド（CATボンド）に対する需要は、保険会社が代替的な資本ソリューションを求めるにつれて供給を上回っています。市場のリーダーであるミュンヘン再保険とスイス再保険は、2021年の総収入保険料の24.3％を占め、5年ぶりに平均コンバインド・レシオが100を下回る回復力を示しました。

目次

イントロダクション

• 調査の目的
• 調査範囲
• 定義

調査手法

• 情報調達
• 二次データと一次データの方法
• 市場規模予測
• 市場の前提条件と制限

エグゼクティブサマリー

• 世界市場の見通し
• 供給と需要の動向分析
• セグメント別機会分析

市場力学と見通し

• 市場概要
• 市場規模
• 市場力学
  • 促進要因と機会
  • 抑制要因と課題
• ポーターの分析

主な市場の考察

• 主要成功要因
• 競合の程度
• 主な投資機会
• 市場エコシステム
• 市場の魅力指数（2024年）
• PESTEL分析
• マクロ経済指標
• バリューチェーン分析
• 価格分析

再保険市場規模：タイプ別 & CAGR（2025年～2032年）

• 市場概要
• 任意再保険
• 条約再保険
• 比例再保険
• 非比例再保険

再保険市場規模：用途別 & CAGR（2025年～2032年）

• 市場概要
• 損害保険再保険
• ライフ＆ヘルス再保険
• 疾病保険
• 医療保険

再保険市場規模：流通チャネル別 & CAGR（2025年～2032年）

• 市場概要
• 直接
• ブローカ

再保険市場規模：モード別 & CAGR（2025年～2032年）

• 市場概要
• オンライン
• オフライン

再保険市場規模 & CAGR（2025年～2032年）

• 北米
  • 米国
  • カナダ
• 欧州
  • ドイツ
  • スペイン
  • フランス
  • 英国
  • イタリア
  • その他欧州
• アジア太平洋
  • 中国
  • インド
  • 日本
  • 韓国
  • その他アジア太平洋
• ラテンアメリカ
  • ブラジル
  • その他ラテンアメリカ
• 中東・アフリカ
  • GCC諸国
  • 南アフリカ
  • その他中東・アフリカ

競合情報

• 上位5社の比較
• 主要企業の市場ポジショニング（2024年）
• 主な市場企業が採用した戦略
• 市場の最近の動向
• 企業の市場シェア分析（2024年）
• 主要企業の企業プロファイル
  • 会社概要
  • 製品ポートフォリオ分析
  • セグメント別シェア分析
  • 収益の前年比比較（2022年～2024年）

主要企業プロファイル

• Munich Re（ドイツ）
• Swiss Re（スイス）
• Hannover Re（ドイツ）
• Berkshire Hathaway（米国）
• Lloyd's（英国）
• SCOR SE（フランス）
• China Reinsurance（中国）
• Reinsurance Group of America（米国）
• Everest Re（バミューダ）
• RenaissanceRe（バミューダ）
• PartnerRe（バミューダ）
• Korean Reinsurance（韓国）
• Arch Capital（バミューダ）
• MS&AD Insurance Group（日本）
• General Insurance Corp. of India（インド）
• MAPFRE RE（スペイン）
• Sompo Holdings（日本）
• R+V Versicherung（ドイツ）
• Tokio Marine（日本）

結論と推奨事項

Reinsurance Market size was valued at USD 553.3 billion in 2023 and is poised to grow from USD 614.16 billion in 2024 to USD 1415.36 billion by 2032, growing at a CAGR of 11.0% during the forecast period (2025-2032).

In 2022, the global reinsurance market demonstrated impressive premium growth and maintained solid underwriting profitability, despite lower return on equity (ROE) and capital levels influenced by declining bond and equity values amid rising interest rates. Overall financial strength remains robust, highlighted by an average annual total shareholder return (TSR) of 14.5% from 2012 to 2021. Although the rising frequency of natural catastrophes has exerted pressure on TSR, the five-year TSR (2017-2021) of 8.1% still outperformed all primary insurance sectors except property and casualty. Demand for catastrophe bonds exceeds supply as insurers seek alternative capital solutions. Market leaders Munich Re and Swiss Re accounted for 24.3% of gross written premiums in 2021, showcasing resilience with an average combined ratio below 100 for the first time in five years.

Top-down and bottom-up approaches were used to estimate and validate the size of the Reinsurance market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Reinsurance Market Segments Analysis

Global Reinsurance Market is segmented by Type, Application, Distribution Channel, Mode and Region. Based on Type, the market is segmented into Facultative Reinsurance, Treaty Reinsurance, (Proportional Reinsurance and Non-proportional Reinsurance). Based on Application, the market is segmented into Property & Casualty Reinsurance, Life & Health Reinsurance, Life & Health Reinsurance, Disease Insurance and Medical Insurance. Based on Distribution Channel, the market is segmented into Direct Writing and Broker. Based on Mode, the market is segmented into Online and Offline. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.

Driver of the Reinsurance Market

A primary force behind the global reinsurance market is the escalating frequency and intensity of catastrophic events. The rise of extreme weather phenomena, natural disasters, and pandemics has posed significant challenges for insurers in their risk management efforts. Reinsurers play a crucial role by absorbing a portion of these risks and redistributing them among various insurers through reinsurance contracts. In recent years, the reinsurance sector has experienced notable growth fueled by a heightened demand for coverage against catastrophic events, largely influenced by the effects of climate change on the broader insurance landscape. Consequently, the interdependence between insurers and reinsurers has become increasingly vital.

Restraints in the Reinsurance Market

One significant constraint facing the reinsurance market is the intensifying competition, which exerts downward pressure on profit margins. With numerous firms competing for market share, the subsequent reduction in prices has adversely affected the profit margins of reinsurers. Furthermore, persistently low-interest rates hinder their ability to generate adequate investment income that can offset claim costs. The rising complexity associated with risk assessment and the developing structure of reinsurance also contribute to increased operational expenses. Coupled with low premium rates, these challenges have resulted in diminishing returns on equity, ultimately placing pressure on the profitability of the reinsurance market and prompting some companies to consider consolidation or exit strategies.

Market Trends of the Reinsurance Market

The reinsurance market is witnessing a significant trend towards the adoption of alternative risk transfer (ART) solutions, driven by an increasing need for innovative risk management strategies. Insurers and reinsurers are gravitating towards flexible instruments such as catastrophe bonds, collateralized reinsurance, and insurance-linked securities (ILS), which provide enhanced risk distribution and improved pricing dynamics compared to traditional reinsurance products. This shift is particularly pronounced in regions vulnerable to climate-related events, like hurricanes and earthquakes. As the prevalence of natural catastrophes escalates due to climate change, the ART market is poised for sustained growth, with catastrophe bond issuance alone hitting a record $14 billion in 2020.

Table of Contents

Introduction

• Objectives of the Study
• Scope of the Report
• Definitions

Research Methodology

• Information Procurement
• Secondary & Primary Data Methods
• Market Size Estimation
• Market Assumptions & Limitations

Executive Summary

• Global Market Outlook
• Supply & Demand Trend Analysis
• Segmental Opportunity Analysis

Market Dynamics & Outlook

• Market Overview
• Market Size
• Market Dynamics
  • Drivers & Opportunities
  • Restraints & Challenges
• Porters Analysis
  • Competitive rivalry
  • Threat of substitute
  • Bargaining power of buyers
  • Threat of new entrants
  • Bargaining power of suppliers

Key Market Insights

• Key Success Factors
• Degree of Competition
• Top Investment Pockets
• Market Ecosystem
• Market Attractiveness Index, 2024
• PESTEL Analysis
• Macro-Economic Indicators
• Value Chain Analysis
• Pricing Analysis

Global Reinsurance Market Size by Type & CAGR (2025-2032)

• Market Overview
• Facultative Reinsurance
• Treaty Reinsurance
• Treaty Reinsurance
• Proportional Reinsurance
• Non-proportional Reinsurance

Global Reinsurance Market Size by Application & CAGR (2025-2032)

• Market Overview
• Property & Casualty Reinsurance
• Life & Health Reinsurance
• Life & Health Reinsurance
• Disease Insurance
• Medical Insurance

Global Reinsurance Market Size by Distribution Channel & CAGR (2025-2032)

• Market Overview
• Direct Writing
• Broker

Global Reinsurance Market Size by Mode & CAGR (2025-2032)

• Market Overview
• Online
• Offline

Global Reinsurance Market Size & CAGR (2025-2032)

• North America (Type, Application, Distribution Channel, Mode)
  • US
  • Canada
• Europe (Type, Application, Distribution Channel, Mode)
  • Germany
  • Spain
  • France
  • UK
  • Italy
  • Rest of Europe
• Asia Pacific (Type, Application, Distribution Channel, Mode)
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific
• Latin America (Type, Application, Distribution Channel, Mode)
  • Brazil
  • Rest of Latin America
• Middle East & Africa (Type, Application, Distribution Channel, Mode)
  • GCC Countries
  • South Africa
  • Rest of Middle East & Africa

Competitive Intelligence

• Top 5 Player Comparison
• Market Positioning of Key Players, 2024
• Strategies Adopted by Key Market Players
• Recent Developments in the Market
• Company Market Share Analysis, 2024
• Company Profiles of All Key Players
  • Company Details
  • Product Portfolio Analysis
  • Company's Segmental Share Analysis
  • Revenue Y-O-Y Comparison (2022-2024)

Key Company Profiles

• Munich Re (Germany)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Swiss Re (Switzerland)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Hannover Re (Germany)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Berkshire Hathaway (United States)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Lloyd's (United Kingdom)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• SCOR SE (France)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• China Reinsurance (China)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Reinsurance Group of America (United States)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Everest Re (Bermuda)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• RenaissanceRe (Bermuda)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• PartnerRe (Bermuda)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Korean Reinsurance (South Korea)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Arch Capital (Bermuda)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• MS&AD Insurance Group (Japan)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• General Insurance Corp. of India (India)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• MAPFRE RE (Spain)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Sompo Holdings (Japan)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• R+V Versicherung (Germany)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Tokio Marine (Japan)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments

Conclusion & Recommendations