Reinsurance Market to grow by USD 328.62 Bn; APAC to account for 35% market share - Technavio

NEW YORK , Nov. 17, 2022 /PRNewswire/ -- The "Reinsurance Market Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2022-2026" report has been added to Technavio's offering. The report expects the market size to grow by USD 328.62 billion, accelerating at a CAGR of 10.1% during the forecast period. The report provides detailed insights into the regional growth opportunities, vendor landscape, product launches, and factors impacting the market growth. Download a Free PDF Report Sample

Regional Analysis

About 35% of the market growth will come from APAC during the forecast period. The reinsurance market in APAC will witness a decent amount of growth during the forecast period as most of the countries in this region are in the developing phase. The penetration of the concept of insurance and its importance is not very prevalent in emerging economies. The insurance vendors have seen this as the potential for growth, and hence, now the awareness of insurance is increasing as people are becoming more aware of getting their assets and life insured. Get more insights into the market behavior across various geographies. Buy Now!

Market Dynamics

• Driver: The market is driven by the increasing awareness of insurance products in emerging markets. The insurance market in developing and emerging countries has been growing sluggishly in the past as neither the people were aware nor the government insisted on the importance of the product. However, now there is an increased awareness of the importance of insurance, and hence, the market for both insurance and reinsurance will grow in these countries. For instance, countries like Brazil, Argentina, India, and Nauru are developing at a very fast pace, and the people there are becoming aware of the importance of keeping their lives and properties insured. This is leading to the increased sale of insurance in such places. Mexico and the countries in the Middle East are witnessing rising sales of insurance, and Technavio forecasts even higher sales in the future.
• Trend: Fluctuating interest rates of reinsurance premium is anticipated to boost the growth of the reinsurance market. An increase in the number of substitute products and various macroeconomic factors such as international business conditions, tax reforms, policy decisions, and demographic shifts lead to a change in the interest rates of the insurance premium. These interest rates decide the demand and supply of reinsurance and vice-versa. The reinsurance market has seen a lot of variation in interest rates in the last decade, and with the dynamic demographics and world economy, there are bound to be more changes. These changes are a result of the fluctuations in demand, dynamic market conditions, and buying behavior of end-users. This trend will have a positive impact on the growth of the market. Get highlights into the impact of drivers, trends, and challenges on the growth of the global reinsurance market. Download a Free Sample Report

Major Vendors Covered:

• Arch Capital Group Ltd.
• Axis Capital Holdings Ltd.
• Berkshire Hathaway Inc.
• China Reinsurance Group Corp.
• DZ Bank
• Everest Re Group Ltd.
• General Insurance Corporation of India
• Great West Lifeco Inc.
• Hannover Re
• Korean Reinsurance Co.
• Lloyds and Corp.
• Mitsui Sumitomo Insurance Group Holdings Inc.
• MS and AD Insurance Group Holdings Inc.
• Munich Reinsurance Co.
• Odyssey Group Holdings Inc.
• PartnerRe Ltd.
• QBE Insurance Group Ltd.
• RenaissanceRe holdings
• SCOR SE
• Swiss Re Ltd.
• The Toa Reinsurance Co.A Ltd.
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Table of contents:

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
• Exhibit 06: Executive Summary – Chart on Incremental Growth
• Exhibit 07: Executive Summary – Data Table on Incremental Growth
• Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 09: Parent market
• Exhibit 10: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 11: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 12: Market segments

• 3.3 Market size 2021

• 3.4 Market outlook: Forecast for 2021-2026 
• Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ billion)
• Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ billion)
• Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
• Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

• 4.1 Five forces summary 
• Exhibit 17: Five forces analysis - Comparison between2021 and 2026

• 4.2 Bargaining power of buyers 
• Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

• 4.3 Bargaining power of suppliers 
• Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

• 4.4 Threat of new entrants 
• Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026

• 4.5 Threat of substitutes 
• Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026

• 4.6 Threat of rivalry 
• Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026

• 4.7 Market condition 
• Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Product

• 5.1 Market segments 
• Exhibit 24: Chart on Product - Market share 2021-2026 (%)
• Exhibit 25: Data Table on Product - Market share 2021-2026 (%)

• 5.2 Comparison by Product 
• Exhibit 26: Chart on Comparison by Product
• Exhibit 27: Data Table on Comparison by Product

• 5.3 Non-life reinsurance - Market size and forecast 2021-2026
• Exhibit 28: Chart on Non-life reinsurance - Market size and forecast 2021-2026 ($ billion)
• Exhibit 29: Data Table on Non-life reinsurance - Market size and forecast 2021-2026 ($ billion)
• Exhibit 30: Chart on Non-life reinsurance - Year-over-year growth 2021-2026 (%)
• Exhibit 31: Data Table on Non-life reinsurance - Year-over-year growth 2021-2026 (%)

• 5.4 Life reinsurance - Market size and forecast 2021-2026
• Exhibit 32: Chart on Life reinsurance - Market size and forecast 2021-2026 ($ billion)
• Exhibit 33: Data Table on Life reinsurance - Market size and forecast 2021-2026 ($ billion)
• Exhibit 34: Chart on Life reinsurance - Year-over-year growth 2021-2026 (%)
• Exhibit 35: Data Table on Life reinsurance - Year-over-year growth 2021-2026 (%)

• 5.5 Market opportunity by Product 
• Exhibit 36: Market opportunity by Product ($ billion)

6 Customer Landscape

• 6.1 Customer landscape overview 
• Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

• 7.1 Geographic segmentation 
• Exhibit 38: Chart on Market share by geography 2021-2026 (%)
• Exhibit 39: Data Table on Market share by geography 2021-2026 (%)

• 7.2 Geographic comparison 
• Exhibit 40: Chart on Geographic comparison
• Exhibit 41: Data Table on Geographic comparison

• 7.3 Europe - Market size and forecast 2021-2026
• Exhibit 42: Chart on Europe - Market size and forecast 2021-2026 ($ billion)
• Exhibit 43: Data Table on Europe - Market size and forecast 2021-2026 ($ billion)
• Exhibit 44: Chart on Europe - Year-over-year growth 2021-2026 (%)
• Exhibit 45: Data Table on Europe - Year-over-year growth 2021-2026 (%)

• 7.4 APAC - Market size and forecast 2021-2026
• Exhibit 46: Chart on APAC - Market size and forecast 2021-2026 ($ billion)
• Exhibit 47: Data Table on APAC - Market size and forecast 2021-2026 ($ billion)
• Exhibit 48: Chart on APAC - Year-over-year growth 2021-2026 (%)
• Exhibit 49: Data Table on APAC - Year-over-year growth 2021-2026 (%)

• 7.5 North America - Market size and forecast 2021-2026
• Exhibit 50: Chart on North America - Market size and forecast 2021-2026 ($ billion)
• Exhibit 51: Data Table on North America - Market size and forecast 2021-2026 ($ billion)
• Exhibit 52: Chart on North America - Year-over-year growth 2021-2026 (%)
• Exhibit 53: Data Table on North America - Year-over-year growth 2021-2026 (%)

• 7.6 Middle East and Africa - Market size and forecast 2021-2026 
• Exhibit 54: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
• Exhibit 55: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
• Exhibit 56: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
• Exhibit 57: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

• 7.7 South America - Market size and forecast 2021-2026
• Exhibit 58: Chart on South America - Market size and forecast 2021-2026 ($ billion)
• Exhibit 59: Data Table on South America - Market size and forecast 2021-2026 ($ billion)
• Exhibit 60: Chart on South America - Year-over-year growth 2021-2026 (%)
• Exhibit 61: Data Table on South America - Year-over-year growth 2021-2026 (%)

• 7.8 US - Market size and forecast 2021-2026
• Exhibit 62: Chart on US - Market size and forecast 2021-2026 ($ billion)
• Exhibit 63: Data Table on US - Market size and forecast 2021-2026 ($ billion)
• Exhibit 64: Chart on US - Year-over-year growth 2021-2026 (%)
• Exhibit 65: Data Table on US - Year-over-year growth 2021-2026 (%)

• 7.9 Germany - Market size and forecast 2021-2026
• Exhibit 66: Chart on Germany - Market size and forecast 2021-2026 ($ billion)
• Exhibit 67: Data Table on Germany - Market size and forecast 2021-2026 ($ billion)
• Exhibit 68: Chart on Germany - Year-over-year growth 2021-2026 (%)
• Exhibit 69: Data Table on Germany - Year-over-year growth 2021-2026 (%)

• 7.10 China - Market size and forecast 2021-2026
• Exhibit 70: Chart on China - Market size and forecast 2021-2026 ($ billion)
• Exhibit 71: Data Table on China - Market size and forecast 2021-2026 ($ billion)
• Exhibit 72: Chart on China - Year-over-year growth 2021-2026 (%)
• Exhibit 73: Data Table on China - Year-over-year growth 2021-2026 (%)

• 7.11 Japan - Market size and forecast 2021-2026
• Exhibit 74: Chart on Japan - Market size and forecast 2021-2026 ($ billion)
• Exhibit 75: Data Table on Japan - Market size and forecast 2021-2026 ($ billion)
• Exhibit 76: Chart on Japan - Year-over-year growth 2021-2026 (%)
• Exhibit 77: Data Table on Japan - Year-over-year growth 2021-2026 (%)

• 7.12 UK - Market size and forecast 2021-2026
• Exhibit 78: Chart on UK - Market size and forecast 2021-2026 ($ billion)
• Exhibit 79: Data Table on UK - Market size and forecast 2021-2026 ($ billion)
• Exhibit 80: Chart on UK - Year-over-year growth 2021-2026 (%)
• Exhibit 81: Data Table on UK - Year-over-year growth 2021-2026 (%)

• 7.13 Market opportunity by geography 
• Exhibit 82: Market opportunity by geography ($ billion)

8 Drivers, Challenges, and Trends

• 8.1 Market drivers

• 8.2 Market challenges

• 8.3 Impact of drivers and challenges 
• Exhibit 83: Impact of drivers and challenges in 2021 and 2026

• 8.4 Market trends

9 Vendor Landscape

• 9.1 Overview

• 9.2 Vendor landscape 
• Exhibit 84: Overview on Criticality of inputs and Factors of differentiation

• 9.3 Landscape disruption 
• Exhibit 85: Overview on factors of disruption

• 9.4 Industry risks 
• Exhibit 86: Impact of key risks on business

10 Vendor Analysis

• 10.1 Vendors covered 
• Exhibit 87: Vendors covered

• 10.2 Market positioning of vendors 
• Exhibit 88: Matrix on vendor position and classification

• 10.3 Arch Capital Group Ltd. 
• Exhibit 89: Arch Capital Group Ltd. - Overview
• Exhibit 90: Arch Capital Group Ltd. - Business segments
• Exhibit 91: Arch Capital Group Ltd. - Key offerings
• Exhibit 92: Arch Capital Group Ltd. - Segment focus

• 10.4 Axis Capital Holdings Ltd. 
• Exhibit 93: Axis Capital Holdings Ltd. - Overview
• Exhibit 94: Axis Capital Holdings Ltd. - Business segments
• Exhibit 95: Axis Capital Holdings Ltd. - Key offerings
• Exhibit 96: Axis Capital Holdings Ltd. - Segment focus

• 10.5 Berkshire Hathaway Inc. 
• Exhibit 97: Berkshire Hathaway Inc. - Overview
• Exhibit 98: Berkshire Hathaway Inc. - Business segments
• Exhibit 99: Berkshire Hathaway Inc. - Key offerings
• Exhibit 100: Berkshire Hathaway Inc. - Segment focus

• 10.6 China Reinsurance Group Corp. 
• Exhibit 101: China Reinsurance Group Corp. - Overview
• Exhibit 102: China Reinsurance Group Corp. - Business segments
• Exhibit 103: China Reinsurance Group Corp. - Key offerings
• Exhibit 104: China Reinsurance Group Corp. - Segment focus

• 10.7 Everest Re Group Ltd. 
• Exhibit 105: Everest Re Group Ltd. - Overview
• Exhibit 106: Everest Re Group Ltd. - Business segments
• Exhibit 107: Everest Re Group Ltd. - Key offerings
• Exhibit 108: Everest Re Group Ltd. - Segment focus

• 10.8 General Insurance Corporation of India
• Exhibit 109: General Insurance Corporation of India - Overview
• Exhibit 110: General Insurance Corporation of India - Product / Service
• Exhibit 111: General Insurance Corporation of India - Key offerings

• 10.9 Hannover Re 
• Exhibit 112: Hannover Re - Overview
• Exhibit 113: Hannover Re - Product / Service
• Exhibit 114: Hannover Re - Key offerings

• 10.10 Lloyds and Corp. 
• Exhibit 115: Lloyds and Corp. - Overview
• Exhibit 116: Lloyds and Corp. - Product / Service
• Exhibit 117: Lloyds and Corp. - Key offerings

• 10.11 Munich Reinsurance Co. 
• Exhibit 118: Munich Reinsurance Co. - Overview
• Exhibit 119: Munich Reinsurance Co. - Business segments
• Exhibit 120: Munich Reinsurance Co. - Key offerings
• Exhibit 121: Munich Reinsurance Co. - Segment focus

• 10.12 Swiss Re Ltd. 
• Exhibit 122: Swiss Re Ltd. - Overview
• Exhibit 123: Swiss Re Ltd. - Business segments
• Exhibit 124: Swiss Re Ltd. - Key news
• Exhibit 125: Swiss Re Ltd. - Key offerings
• Exhibit 126: Swiss Re Ltd. - Segment focus

11 Appendix

• 11.1 Scope of the report

• 11.2 Inclusions and exclusions checklist 
• Exhibit 127: Inclusions checklist
• Exhibit 128: Exclusions checklist

• 11.3 Currency conversion rates for US$ 
• Exhibit 129: Currency conversion rates for US$

• 11.4 Research methodology 
• Exhibit 130: Research methodology
• Exhibit 131: Validation techniques employed for market sizing
• Exhibit 132: Information sources

• 11.5 List of abbreviations 
• Exhibit 133: List of abbreviations

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

SOURCE Technavio

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