Product Code: r6869
“Property & Casualty Reinsurance Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on property & casualty reinsurance market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
- Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
- Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Measure the impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
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Where is the largest and fastest growing market for property & casualty reinsurance? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The property & casualty reinsurance market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Scope
Markets Covered:
- 1) By Type: Direct Selling; Intermediary Selling
- 2) By Mode: Online; Offline
- 3) By Application: Small Reinsurers; Midsized Reinsurers
- 4) By End-User: Life And Health Reinsurance; Non-Life Or Property And Casualty Reinsurance
- Companies Mentioned: Barents Re Reinsurance Company Inc.; Berkshire Hathaway Inc.; BMS Group Limited; China Reinsurance Corporation; Everest Re Group Ltd.
- Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
- Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
- Delivery format: PDF, Word and Excel Data Dashboard.
Executive Summary
Major companies in the the property & casualty reinsurance market are: Barents Re Reinsurance Company Inc., Berkshire Hathaway Inc., BMS Group Limited, China Reinsurance Corporation, Everest Re Group Ltd., Hannover Re, Lloyd's of London, Munich Reinsurance Company, PartnerRe Ltd., Reinsurance Group of America Incorporated, SCOR SE, Swiss Reinsurance Company Ltd., AXA XL, MAPFRE Insurance, and IRB Brasil RE.
The global property and casualty reinsurance market is expected to grow from $427.43 billion in 2022 to $478.97 billion in 2023 at a compound annual growth rate (CAGR) of 12.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The property and casualty reinsurance market is expected to reach $718.33 billion in 2027 at a CAGR of 10.7%.
The property and casualty reinsurance market includes revenues earned by entities by providing facultative reinsurance and treaty reinsurance. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
Property and casualty reinsurance is an agreement between a reinsurer and an insurance firm. The insurance business, or cedent, transfers liability to the reinsurance firm, which then assumes all or a portion of the risk connected with one or more insurance plans issued by the cedent.
North America was the largest region in the property and casualty reinsurance market in 2022. The regions covered in property and casualty reinsurance report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The main types of property and casualty reinsurance are direct selling and intermediary selling. Direct selling is the practice of selling goods outside of a traditional retail environment, such as online, at home, or in other locations. The modes involved are online and offline which are used by small reinsurers and midsized reinsurers' for life and health reinsurance, non-life or property and casualty reinsurance.
The rise in the number of natural calamities is expected to propel the growth of the property and casualty reinsurance market in the coming years. Natural calamities are the result of natural hazards, such as an earthquake, floods, cyclones, hurricanes, volcanic eruptions, or landslides, which negatively impact the environment and cause property damage, loss of life, or other negative effects. Reinsurance enables property and casualty insurers to mitigate the risks associated with concentrated natural disasters. Hence, the rise in natural calamities will boost the property & casualty reinsurance market. For instance, in 2020, according to the National Centers for Environmental Information, a US-based leading authority for environmental data, the United States experienced a record-breaking 22 weather-related or climatic catastrophes, each of which caused at least $1 billion in losses, including a record 7 related to hurricanes or tropical storms that made landfall. Also, the number of climatic events in 2019 was 14, which increased by six in 2020. Therefore, a rise in the number of natural calamities is driving the property & casualty reinsurance market.
Product innovation is the key trend gaining popularity in the property and casualty reinsurance market. Major companies operating in the property and casualty reinsurance market are focused on developing innovative products to strengthen their position in the market. For instance, in September 2021, Ascot Group, a UK-based specialty insurance and reinsurance company, launched Ascot Reinsurance's platform for global reinsurance underwriting and ceded risk solutions. This platform serves as a central entry point for all of Ascot's reinsurance offerings, including improved client services, claims, treaty, and facultative solutions, and claims management.
In February 2022, Swiss Reinsurance Company Ltd., a Switzerland-based reinsurance company acquired Champlain Reinsurance Company for an undisclosed amount. The acquisition shows Swiss Re's strong expertise in devising and reliably delivering customized solutions for the legacy challenges of business partners. Champlain Reinsurance Company is a Switzerland-based run-off reinsurance captive of Alcan Holdings Switzerland AG.
The countries covered in the property and casualty reinsurance market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The property and casualty reinsurance market research report is one of a series of new reports from The Business Research Company that provides property and casualty reinsurance market statistics, including property and casualty reinsurance industry global market size, regional shares, competitors with property and casualty reinsurance market share, detailed property and casualty reinsurance market segments, market trends, and opportunities, and any further data you may need to thrive in the property and casualty reinsurance industry. This property and casualty reinsurance market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
Table of Contents
1. Executive Summary
2. Property & Casualty Reinsurance Market Characteristics
3. Property & Casualty Reinsurance Market Trends And Strategies
4. Property & Casualty Reinsurance Market - Macro Economic Scenario
- 4.1. COVID-19 Impact On Property & Casualty Reinsurance Market
- 4.2. Ukraine-Russia War Impact On Property & Casualty Reinsurance Market
- 4.3. Impact Of High Inflation On Property & Casualty Reinsurance Market
5. Property & Casualty Reinsurance Market Size And Growth
- 5.1. Global Property & Casualty Reinsurance Historic Market, 2017-2022, $ Billion
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints On The Market
- 5.2. Global Property & Casualty Reinsurance Forecast Market, 2022-2027F, 2032F, $ Billion
- 5.2.1. Drivers Of The Market
- 5.2.2. Restraints On the Market
6. Property & Casualty Reinsurance Market Segmentation
- 6.1. Global Property & Casualty Reinsurance Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Direct Selling
- Intermediary Selling
- 6.2. Global Property & Casualty Reinsurance Market, Segmentation By Mode, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Online
- Offline
- 6.3. Global Property & Casualty Reinsurance Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Small Reinsurers
- Midsized Reinsurers
- 6.4. Global Property & Casualty Reinsurance Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Life And Health Reinsurance
- Non-Life Or Property And Casualty Reinsurance
7. Property & Casualty Reinsurance Market Regional And Country Analysis
- 7.1. Global Property & Casualty Reinsurance Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 7.2. Global Property & Casualty Reinsurance Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
8. Asia-Pacific Property & Casualty Reinsurance Market
- 8.1. Asia-Pacific Property & Casualty Reinsurance Market Overview
- Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
- 8.2. Asia-Pacific Property & Casualty Reinsurance Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 8.3. Asia-Pacific Property & Casualty Reinsurance Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
9. China Property & Casualty Reinsurance Market
- 9.1. China Property & Casualty Reinsurance Market Overview
- 9.2. China Property & Casualty Reinsurance Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
- 9.3. China Property & Casualty Reinsurance Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
10. India Property & Casualty Reinsurance Market
- 10.1. India Property & Casualty Reinsurance Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 10.2. India Property & Casualty Reinsurance Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
11. Japan Property & Casualty Reinsurance Market
- 11.1. Japan Property & Casualty Reinsurance Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 11.2. Japan Property & Casualty Reinsurance Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
12. Australia Property & Casualty Reinsurance Market
- 12.1. Australia Property & Casualty Reinsurance Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 12.2. Australia Property & Casualty Reinsurance Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
13. Indonesia Property & Casualty Reinsurance Market
- 13.1. Indonesia Property & Casualty Reinsurance Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 13.2. Indonesia Property & Casualty Reinsurance Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
14. South Korea Property & Casualty Reinsurance Market
- 14.1. South Korea Property & Casualty Reinsurance Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 14.2. South Korea Property & Casualty Reinsurance Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
15. Western Europe Property & Casualty Reinsurance Market
- 15.1. Western Europe Property & Casualty Reinsurance Market Overview
- 15.2. Western Europe Property & Casualty Reinsurance Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 15.3. Western Europe Property & Casualty Reinsurance Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
16. UK Property & Casualty Reinsurance Market
- 16.1. UK Property & Casualty Reinsurance Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 16.2. UK Property & Casualty Reinsurance Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
17. Germany Property & Casualty Reinsurance Market
- 17.1. Germany Property & Casualty Reinsurance Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 17.2. Germany Property & Casualty Reinsurance Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
18. France Property & Casualty Reinsurance Market
- 18.1. France Property & Casualty Reinsurance Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 18.2. France Property & Casualty Reinsurance Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
19. Eastern Europe Property & Casualty Reinsurance Market
- 19.1. Eastern Europe Property & Casualty Reinsurance Market Overview
- 19.2. Eastern Europe Property & Casualty Reinsurance Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 19.3. Eastern Europe Property & Casualty Reinsurance Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
20. Russia Property & Casualty Reinsurance Market
- 20.1. Russia Property & Casualty Reinsurance Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 20.2. Russia Property & Casualty Reinsurance Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
21. North America Property & Casualty Reinsurance Market
- 21.1. North America Property & Casualty Reinsurance Market Overview
- 21.2. North America Property & Casualty Reinsurance Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 21.3. North America Property & Casualty Reinsurance Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
22. USA Property & Casualty Reinsurance Market
- 22.1. USA Property & Casualty Reinsurance Market Overview
- 22.2. USA Property & Casualty Reinsurance Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 22.3. USA Property & Casualty Reinsurance Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
23. South America Property & Casualty Reinsurance Market
- 23.1. South America Property & Casualty Reinsurance Market Overview
- 23.2. South America Property & Casualty Reinsurance Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 23.3. South America Property & Casualty Reinsurance Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
24. Brazil Property & Casualty Reinsurance Market
- 24.1. Brazil Property & Casualty Reinsurance Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 24.2. Brazil Property & Casualty Reinsurance Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
25. Middle East Property & Casualty Reinsurance Market
- 25.1. Middle East Property & Casualty Reinsurance Market Overview
- 25.2. Middle East Property & Casualty Reinsurance Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 25.3. Middle East Property & Casualty Reinsurance Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
26. Africa Property & Casualty Reinsurance Market
- 26.1. Africa Property & Casualty Reinsurance Market Overview
- 26.2. Africa Property & Casualty Reinsurance Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 26.3. Africa Property & Casualty Reinsurance Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
27. Property & Casualty Reinsurance Market Competitive Landscape And Company Profiles
- 27.1. Property & Casualty Reinsurance Market Competitive Landscape
- 27.2. Property & Casualty Reinsurance Market Company Profiles
- 27.2.1. Barents Re Reinsurance Company Inc.
- 27.2.1.1. Overview
- 27.2.1.2. Products and Services
- 27.2.1.3. Strategy
- 27.2.1.4. Financial Performance
- 27.2.2. Berkshire Hathaway Inc.
- 27.2.2.1. Overview
- 27.2.2.2. Products and Services
- 27.2.2.3. Strategy
- 27.2.2.4. Financial Performance
- 27.2.3. BMS Group Limited
- 27.2.3.1. Overview
- 27.2.3.2. Products and Services
- 27.2.3.3. Strategy
- 27.2.3.4. Financial Performance
- 27.2.4. China Reinsurance Corporation
- 27.2.4.1. Overview
- 27.2.4.2. Products and Services
- 27.2.4.3. Strategy
- 27.2.4.4. Financial Performance
- 27.2.5. Everest Re Group Ltd.
- 27.2.5.1. Overview
- 27.2.5.2. Products and Services
- 27.2.5.3. Strategy
- 27.2.5.4. Financial Performance
28. Key Mergers And Acquisitions In The Property & Casualty Reinsurance Market
29. Property & Casualty Reinsurance Market Future Outlook and Potential Analysis
30. Appendix
- 30.1. Abbreviations
- 30.2. Currencies
- 30.3. Historic And Forecast Inflation Rates
- 30.4. Research Inquiries
- 30.5. The Business Research Company
- 30.6. Copyright And Disclaimer