LONDON, Jan. 16, 2017 /PRNewswire/ --
Property and Casualty Reinsurance Providers are entities engaged in assuming all or part of the risk associated with existing insurance policies that protect policy holders against future uncertain losses that may occur as a result of property damage or contingent liability originally underwritten by other insurance providers. This includes both government and private owned reinsurance providers. Clients of these reinsurance providers are the direct insurance providers who sell property & casualty insurance policies to the public and fellow reinsurance providers who seek retrocession to reduce/share risk. Distribution can be either through direct selling or an intermediary.
The Americas was the x largest geographic region in the property & casualty reinsurance services market in 2016, accounting for $x billion or x% of the global market. Asia was the x largest geographic market, accounting for $x billion or x% of the global market. Europe was the x largest geographic market, accounting for $x billion or x% of the global market. The Middle East and Africa accounted for x% and $x billion, while Oceania accounted for x% of the global property & casualty reinsurance market.
Mortgage Offers Significant Growth Opportunities for Reinsurers
The mortgage insurance category has supported the growth of the reinsurance market. Monoline mortgage insurers have resurfaced during 2014 and 2015. Mortgage insurers are seeking reinsurance to enhance their risk management strategies, and are entering into reinsurance partnerships to improve their capitals to manage their risk.
Reinsurance providers should focus on the rising opportunities in the mortgage reinsurance to enhance their capital.
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