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The global life & health reinsurance market is expected to grow from $127.29 billion in 2020 to $135.16 billion in 2021 at a compound annual growth rate (CAGR) of 6.2%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $169.27 billion in 2025 at a CAGR of 5.8%.
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The life & health reinsurance market consists of sales of reinsurance by entities (organizations, sole traders, and partnerships) that are engaged in assuming all or part of the risk with existing life and health insurance policies originally underwritten by other insurance providers (direct insurance carriers). Only goods and services traded between entities or sold to end consumers are included.
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The life and health reinsurance market report also gives in-depth analysis of the impact of COVID-19 on the market. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. A highly experienced and expert team of analysts and modelers provides market analysis and forecasts. The reports identify top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Some of the major players of the life and health reinsurance market are Swiss Reinsurance Company Ltd, Munich Re Group, Reinsurance Group of America (RGA), SCOR SE, Hannover Re, China Reinsurance Corporation, Berkshire Hathaway Re, PartnerRe Ltd., Korean Reinsurance Company, Taiping Reinsurance Co, Great West Lifeco, General Insurance Corporation of India (GIC Re), Everest Re, Axis Capital Holdings Limited, Alleghany, XL Catlin, Maiden Re, Fairfax, Mitsui Sumitomo, XL Bermuda, Transatlantic Holdings, RenaissanceRe Holdings, MS&AD Insurance Group Holdings, R+V Versicherung, Arch Capital Group, The Toa Reinsurance Company, Assicurazioni Generali.
The global life and health reinsurance market is segmented –
1) By Type: Facultative Reinsurance, Treaty Reinsurance
2) By Distribution Channel: Direct Response, Agents & Brokers, Banks, Others
3) By Product: Life, Health
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The life and health reinsurance market report describes and explains the global life and health reinsurance market and covers 2015 to 2020, termed the historic period, and 2020 to 2025 termed the forecast period, along with further forecasts for the period 2025-2030. The life and health reinsurance report evaluates the market across each region and for the major economies within each region.
The countries covered in the global life and health reinsurance market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam.
The regions covered in the global life and health reinsurance market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Full Report Includes
- Executive Summary
- Report Structure
- Life And Health Reinsurance Market Characteristics
- Life And Health Reinsurance Market Product Analysis
- Life And Health Reinsurance Market Supply Chain
- Key Mergers And Acquisitions In The Life And Health Reinsurance Market
- Market Background: Financial Services
- Copyright And Disclaimer
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