Press release
Reinsurance Providers Market 2020-2030 Expected To Grow With Highest CAGR
The Business Research Company offers " Reinsurance Providers Global Market Report 2020-30: Covid 19 Impact And Recovery " in its research report store. It is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country. It also compares the market’s historic and forecast growth, and highlights important trend s and strategies that players in the market can adopt.The global reinsurance providers market is expected to grow from $438 billion in 2019 to $438.9 billion in 2020 at a compound annual growth rate (CAGR) of 0.3%. The low growth is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 9% from 2021 and reach $554.2 billion in 2023.
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The reinsurance providers market consists of sales of reinsurance by entities (organizations, sole traders and partnerships) that assume all or part of the risk of existing insurance policies originally underwritten by other insurance providers (direct insurance carriers). Reinsurance providers invest premiums collected from insurance providers to build up a portfolio of financial assets to be used against future claims. The size of the market is based on the value of the premiums reinsured.
Cyber reinsurance is growing in demand with increasing incidents of internet frauds and cyber risk. Cyber insurance is becoming popular due to high cyber risk factor involved in banking and information technology industries, which are susceptible to data breaches and internet frauds. In 2015, cyber related fraud costs were estimated to be around $500 billion and are expected to reach $2 trillion by 2019.
Reinsurance Providers Market Segmentation:
By Type
1. Property & Casualty Reinsurance Providers
2. Life & Health Reinsurance Providers
By Distribution Channel:
1. Direct Writing
2. Broker
By Mode:
1.Online
2.Offline
Browse Complete Report @ https://www.thebusinessresearchcompany.com/report/reinsurance-providers-global-market-report-2020-30-covid-19-impact-and-recovery
Few Points From Table Of Content
1. Executive Summary
2. Report Structure
3. Reinsurance Providers Market Characteristics
4. Reinsurance Providers Market Product Analysis
5. Reinsurance Providers Market Supply Chain
……
20. Key Mergers And Acquisitions In The Reinsurance Providers Market
21. Market Background: Insurance(Providers, Brokers and Re-Insurers) Market
22. Recommendations
23. Appendix
24. Copyright And Disclaimer
The report covers the trends and market dynamics of the Reinsurance Providers market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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Some of the key players involved in the Reinsurance Providers market are AXA, Swiss Re, Munich Re, Hannover Re, SCOR SE.
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The Business Research Company
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Americas: +1 315 623 0293
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About US:
The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets after WHO declared COVID-19 as a pandemic.
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