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Reinsurance Market Growing Popularity and Emerging Trends | General Insurance, Axa France Vie - India Reinsurance Branch, General Reinsurance

Reinsurance Market

Reinsurance Market

A new independent 64 page research with title 'Reinsurance Market in India 2020' guarantees you will remain better informed than your competition. The study covers geographic analysis that includes regions and important players/vendors such as General Insurance Corporation of India (GIC), Axa France Vie - India Reinsurance Branch, General Reinsurance AG - India Branch, Hannover Re - India Branch, Lloyd’s India , Munich Re India Services Private Limited, RGA Life Reinsurance Company of Canada – India Branch, Scor Se – India Branch, Swiss Re Services India Private Limited, XL Insurance Company SE – India Reinsurance Branch, the research gives you a visual, one-stop breakdown of the leading products, submarkets and market leader’s market revenue forecasts as well as analysis to 2026

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Summary
India is the fastest-growing reinsurance market in the world. The industry is expected to witness notable growth due to the recent regulatory changes imposed by the Insurance Regulatory and Development Authority of India (IRDAI), which encourages offshore companies to set up operations in the country. Further, low insurance penetration, frequent occurrence of severe catastrophes, recent regulatory reforms pertaining to crop insurance, and the entry of numerous foreign players are expected to propel industry growth during the forecast period.
The total premium generated from the reinsurance market was valued at ~INR 460.59 Bn in FY 2019 and is expected to reach ~INR 989.75 Bn by FY 2025, expanding at a CAGR of ~14.03 % during the FY 2020-FY 2025 period.

Companies covered: General Insurance Corporation of India (GIC), Axa France Vie - India Reinsurance Branch, General Reinsurance AG - India Branch, Hannover Re - India Branch, Lloyd’s India , Munich Re India Services Private Limited, RGA Life Reinsurance Company of Canada – India Branch, Scor Se – India Branch, Swiss Re Services India Private Limited, XL Insurance Company SE – India Reinsurance Branch

View Detailed Table of Content @ https://www.htfmarketreport.com/reports/2797389-reinsurance-market

Segment insights:
The General Insurance Corporation (GIC) has a monopoly in the market with more than 80% stake in the Indian reinsurance business. Foreign players like AXA France Ve, Munich Re and Swiss Re have been underwriting risks for Indian insurers. They have also been gradually increasing their share in the industry since 2017.
Further, in terms of operations, non-life insurance business accounted for more than 95% of the total premium ceded in FY 2019. Fire and motor insurance businesses add the highest share of the premium to the Indian reinsurance industry.

Market trends:
Adoption of new technologies, capital market structuring techniques, and bundling of value-added services are expected to drive the reinsurance industry in the coming years. The industry is witnessing a change in the service offerings to optimize operations and the overall business model. Further, innovative solutions such as InsurTech are expected to transform the industry value chain during the forecast period.

Impact of COVID-19:
Reinsurers and insurers have been severely affected by the economic repercussions in the wake of the pandemic.
New insurance businesses have been postponed, existing renewals have been delayed, and industry players are scouting for new products, channels, pricing discounts, and even new regulatory compliance requirements. The impact is most significant across the casualty, property, marine, liability, and contingency classes of business.
However, technology is expected to be the most noteworthy remedial measure to assess and manage the impact of the pandemic on the industry.

Companies covered:
• General Insurance Corporation of India (GIC)
• Axa France Vie - India Reinsurance Branch
• General Reinsurance AG - India Branch
• Hannover Re - India Branch
• Lloyd’s India
• Munich Re India Services Private Limited
• RGA Life Reinsurance Company of Canada – India Branch
• Scor Se – India Branch
• Swiss Re Services India Private Limited
• XL Insurance Company SE – India Reinsurance Branch

Request a sample report @ https://www.htfmarketreport.com/sample-report/2797389-reinsurance-market

Chapter 1: Executive summary

Chapter 2: Socio-economic indicators

Chapter 3: Introduction

3.1. Market definition and structure
3.2. India insurance industry operating model
3.3. India reinsurance market landscape

Chapter 4: Global reinsurance market overview
4.1. Global reinsurance mar

....Continued

Place a Purchase Order for this Market Study (Single User License) at: https://www.htfmarketreport.com/buy-now?format=1&report=2797389

Thanks for reading this article, you can also get individual chapter wise section or region wise report version like North America, Europe or Asia.

Craig Francis (PR & Marketing Manager)
HTF Market Intelligence Consulting Private Limited
Unit No. 429, Parsonage Road Edison, NJ
New Jersey USA – 08837
Phone: +1 (206) 317 1218
sales@htfmarketreport.com

About Author:
HTF Market Report is a wholly owned brand of HTF market Intelligence Consulting Private Limited. HTF Market Report global research and market intelligence consulting organization is uniquely positioned to not only identify growth opportunities but to also empower and inspire you to create visionary growth strategies for futures, enabled by our extraordinary depth and breadth of thought leadership, research, tools, events and experience that assist you for making goals into a reality. Our understanding of the interplay between industry convergence, Mega Trends, technologies and market trends provides our clients with new business models and expansion opportunities. We are focused on identifying the “Accurate Forecast” in every industry we cover so our clients can reap the benefits of being early market entrants and can accomplish their “Goals & Objectives”.

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