The Global Reinsurance Carriers industry provides support to direct insurance markets all over the world. Reinsurers assume part or all of the liability for insurance policies and compensate insurers within contracted parameters for losses incurred under these insurance policies. This transfers part or all of the risk to reinsurers, helping insurers to increase their capacity and limit their liability. In a process known as retrocession, reinsurers can also use other reinsurers to manage their own risk. The global reinsurance market then spreads this risk across more companies and countries, thereby maximizing the spread of risk and protection against unforeseen losses.
Businesses in this industry focus on assuming all or part of the risk associated with existing insurance policies originally underwritten by direct insurance carriers. In other words, the primary activity of this industry is insuring insurance companies.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.