DUBLIN, Apr. 24, 2014 /PRNewswire/ --
Research and Markets
) has announced the addition of the
report to their offering.
The analysts forecast the Global Reinsurance market to grow at a CAGR of 3.13 percent over the period 2013-2018. One of the key factors contributing to this market growth is the robust growth of the global economy. The Global Reinsurance market has also been witnessing the growth in urbanization across the globe. However, the delayed implementation of Solvency II regulations is delaying growth opportunities which could pose a challenge to the growth of this market.
The report, the Global Reinsurance Market 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Global region; it also covers the Global Reinsurance market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
Natural catastrophe losses have increased in the past three decades, primarily due to rising economic values. Increasing urbanization in the coastal regions and the increasing frequency of natural calamities has played a significant role in the uptake of the Reinsurance market.
Thailand floods (2011), and the earthquake in Chile (2012) are some of the catastrophe losses that took place in the emerging countries and resulted in adverse economic conditions. Emerging countries stand to benefit the most from the reinsurance companies, in the event of catastrophe losses. Insurance as well as reinsurance are used as indirect risk mitigation strategies because premiums are a small fraction of the coverage benefits, which is a cost paid to take precaution against a probable risk.
In the event of a catastrophe, losses are limited because the insurance benefits directly support reconstruction. As a result, the density of insurance and reinsurance companies is bound to increase, with the increasing demand of reinsurance. This will also reduce the burden of higher government debt per capita, which is incurred in the event of natural calamities.
According to the report, one of the major drivers in this market is the robust economic growth. China, the US, Japan, and the UK are some of the leading countries that have exhibited good economic growth, coupled with low inflation rates. This makes them a potential segment for reinsurance. These countries are also prone to natural catastrophe.
Key Topics Covered:
01. Executive Summary
02. List of Abbreviations
03. Scope of the Report
04. Market Research Methodology
06. Market Landscape
07. Market Segmentation by Product
08. Geographical Segmentation
09. Buying Criteria
10. Market Growth Drivers
11. Drivers and their Impact
12. Market Challenges
13. Impact of Drivers and Challenges
14. Market Trends
15. Trends and their Impact
16. Vendor Landscape
17. Key Vendor Analysis
18. Other Reports in this Series
- Berkshire Hathaway Inc.
- Hannover Rück SE
- Munchener Ruckversicherungs-Gesellschaft AG
- Swiss Reinsurance Company Ltd
For more information visit http://www.researchandmarkets.com/research/j2gvtx/global
Laura Wood , +353-1-481-1716, [email protected]
SOURCE Research and Markets