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Life And Health Reinsurance Global Market Report 2021: COVID 19 Impact and Recovery to 2030

Starting Price : $ 4000.00 | Pages : 175 | Published : January 2021 | SKU CODE : | Format :


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.

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%.

The life & health reinsurance market covered in this report is segmented by type into facultative reinsurance; treaty reinsurance. It is also segmented by distribution channel into a direct response; agents & brokers; banks; others.

The rise in the demand for life and health insurance policies is expected to drive the market for life and health reinsurance market during the forecast period. COVID-19 outbreak has raised the importance and demand for life insurance in the minds of the people. The uncertainty of getting contracted with COVID-19 and its high treatment cost in private hospitals is the main reason behind the surge in the demand for life and health insurance policies. For instance, in the fiscal year 2019-2020, Life Insurance Corporation (LIC), India’s largest life insurer, sold around 21.9 million policies which is the highest in the last six years. Therefore, increased demand for life and health insurance policies is expected to impact the market for life and health reinsurance positively.

Low-interest rates in life and health insurance policies makes the insurance company's products less attractive which results in lower sales and lower income in the form of premiums that the insurance company has available to invest. Therefore, low interest rate is expected to be a restraint in the life and health reinsurance market during the period. According to Munich Re, a German based reinsurance company, indicated that interest rates, exacerbated by the coronavirus pandemic, are impacting the profitability of reinsurers. Due to this insurance covers are likely to become more expensive impacting the growth of the market which in turn will hinder the life and health reinsurance market as well.

The increasing demand for artificial intelligence in life & health reinsurance is an emerging trend in the life & health reinsurance market. According to the Reinsurance News, Swiss Re is partnering with Tencent’s WeBank to research Artificial Intelligence use in reinsurance. Swiss Re and WeBank will work collaboratively to explore the technology involvement in addressing the challenges imposed by data silos. Swiss Re is expecting the partnership to build a foundation for a new business supported by federated learning and will also encourage the reinsurance industry to adopt a new framework to improve technological capabilities.

In March 2019, RenaissanceRe, a Bermuda based reinsurance, insurance provider acquired Tokio Millennium Re AG and Tokio Millennium Re (UK) also known as TMR, a Bermuda based reinsurance company, for $1.5 billion. The acquisition is expected to accelerate strategy and enhances RenaissanceRe’s global reinsurance position, offerings, and access to attractive risk. TMR was a subsidiary of Tokio Marine Holdings and has branches in Stamford, USA, Zurich, Switzerland, and Australia.

The major players covered in the global 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 countries covered in the global life and health reinsurance market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

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 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

    1. Executive Summary

    2. Life And Health Reinsurance Market Characteristics

    3. Life And Health Reinsurance Market Trends And Strategies

    4. Impact Of COVID-19 On Life And Health Reinsurance

    5. Life And Health Reinsurance Market Size And Growth

    5.1. Global Life And Health Reinsurance Historic Market, 2015-2020, $ Billion

    5.1.1. Drivers Of The Market

    5.1.2. Restraints On The Market

    5.2. Global Life And Health Reinsurance Forecast Market, 2020-2025F, 2030F, $ Billion

    5.2.1. Drivers Of The Market

    5.2.2. Restraints On the Market

    6. Life And Health Reinsurance Market Segmentation

    6.1. Global Life And Health Reinsurance Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    Facultative Reinsurance

    Treaty Reinsurance

    6.2. Global Life And Health Reinsurance Market, Segmentation By Distribution Channel, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    Direct Response

    Agents & Brokers

    Banks

    Others

    6.3. Global Life And Health Reinsurance Market, Segmentation By Product, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    Life

    Health

    7. Life And Health Reinsurance Market Regional And Country Analysis

    7.1. Global Life And Health Reinsurance Market, Split By Region, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    7.2. Global Life And Health Reinsurance Market, Split By Country, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    8. Asia-Pacific Life And Health Reinsurance Market

    8.1. Asia-Pacific Life And Health Reinsurance Market Overview

    Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

    8.2. Asia-Pacific Life And Health Reinsurance Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    9. China Life And Health Reinsurance Market

    9.1. China Life And Health Reinsurance Market Overview

    9.2. China Life And Health Reinsurance Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F,$ Billion

    10. India Life And Health Reinsurance Market

    10.1. India Life And Health Reinsurance Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    11. Japan Life And Health Reinsurance Market

    11.1. Japan Life And Health Reinsurance Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    12. Australia Life And Health Reinsurance Market

    12.1. Australia Life And Health Reinsurance Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    13. Indonesia Life And Health Reinsurance Market

    13.1. Indonesia Life And Health Reinsurance Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    14. South Korea Life And Health Reinsurance Market

    14.1. South Korea Life And Health Reinsurance Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    15. Western Europe Life And Health Reinsurance Market

    15.1. Western Europe Life And Health Reinsurance Market Overview

    15.2. Western Europe Life And Health Reinsurance Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    16. UK Life And Health Reinsurance Market

    16.1. UK Life And Health Reinsurance Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    17. Germany Life And Health Reinsurance Market

    17.1. Germany Life And Health Reinsurance Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    18. France Life And Health Reinsurance Market

    18.3. France Life And Health Reinsurance Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    19. Eastern Europe Life And Health Reinsurance Market

    19.1. Eastern Europe Life And Health Reinsurance Market Overview

    19.2. Eastern Europe Life And Health Reinsurance Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    20. Russia Life And Health Reinsurance Market

    20.1. Russia Life And Health Reinsurance Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    21. North America Life And Health Reinsurance Market

    21.1. North America Life And Health Reinsurance Market Overview

    21.2. North America Life And Health Reinsurance Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    22. USA Life And Health Reinsurance Market

    22.1. USA Life And Health Reinsurance Market Overview

    22.2. USA Life And Health Reinsurance Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    23. South America Life And Health Reinsurance Market

    23.1. South America Life And Health Reinsurance Market Overview

    23.2. South America Life And Health Reinsurance Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    24. Brazil Life And Health Reinsurance Market

    24.1. Brazil Life And Health Reinsurance Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    25. Middle East Life And Health Reinsurance Market

    25.1. Middle East Life And Health Reinsurance Market Overview

    25.2. Middle East Life And Health Reinsurance Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    26. Africa Life And Health Reinsurance Market

    26.1. Africa Life And Health Reinsurance Market Overview

    26.2. Africa Life And Health Reinsurance Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    27. Life And Health Reinsurance Market Competitive Landscape And Company Profiles

    27.1. Life And Health Reinsurance Market Competitive Landscape

    27.2. Life And Health Reinsurance Market Company Profiles

    27.2.1. Swiss Reinsurance Company Ltd

    27.2.1.1. Overview

    27.2.1.2. Products and Services

    27.2.1.3. Strategy

    27.2.1.4. Financial Performance

    27.2.2. Munich Re Group

    27.2.2.1. Overview

    27.2.2.2. Products and Services

    27.2.2.3. Strategy

    27.2.2.4. Financial Performance

    27.2.3. Reinsurance Group of America (RGA)

    27.2.3.1. Overview

    27.2.3.2. Products and Services

    27.2.3.3. Strategy

    27.2.3.4. Financial Performance

    27.2.4. SCOR SE

    27.2.4.1. Overview

    27.2.4.2. Products and Services

    27.2.4.3. Strategy

    27.2.4.4. Financial Performance

    27.2.5. Hannover Re

    27.2.5.1. Overview

    27.2.5.2. Products and Services

    27.2.5.3. Strategy

    27.2.5.4. Financial Performance

    29. Key Mergers And Acquisitions In The Life And Health Reinsurance Market

    29. Life And Health Reinsurance Market Future Outlook and Potential Analysis

    30. Appendix

    30.1. Abbreviations

    30.2. Currencies

    30.3. Research Inquiries

    30.4. The Business Research Company

    30.5. Copyright And Disclaimer

List Of Tables

    Table 1: Global Historic Market Growth, 2015-2020, $ Billion
  • Table 2: Global Forecast Market Growth, 2020-2025F, 2030F, $ Billion
  • Table 3: Global Life And Health Reinsurance Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 4: Global Life And Health Reinsurance Market, Segmentation By Distribution Channel, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 5: Global Life And Health Reinsurance Market, Segmentation By Product, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 6: Global Life And Health Reinsurance Market, Split By Region, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 7: Global Life And Health Reinsurance Market, Split By Country, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 8: Asia-Pacific, Life And Health Reinsurance Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 9: China, Life And Health Reinsurance Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 10: India, Life And Health Reinsurance Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 11: Japan, Life And Health Reinsurance Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 12: Australia, Life And Health Reinsurance Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 13: Indonesia, Life And Health Reinsurance Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 14: South Korea, Life And Health Reinsurance Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 15: Western Europe, Life And Health Reinsurance Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 16: UK, Life And Health Reinsurance Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 17: Germany, Life And Health Reinsurance Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 18: France, Life And Health Reinsurance Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 19: Eastern Europe, Life And Health Reinsurance Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 20: Russia, Life And Health Reinsurance Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 21: North America, Life And Health Reinsurance Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 22: USA, Life And Health Reinsurance Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 23: South America, Life And Health Reinsurance Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 24: Brazil, Life And Health Reinsurance Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 25: Middle East, Life And Health Reinsurance Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 26: Africa, Life And Health Reinsurance Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 27: Swiss Reinsurance Company Ltd Financial Performance
  • Table 28: Munich Re Group Financial Performance
  • Table 29: Reinsurance Group of America (RGA) Financial Performance
  • Table 30: SCOR SE Financial Performance
  • Table 31: Hannover Re Financial Performance

List Of Figures

    Figure 1: Global Historic Market Growth, 2015-2020, $ Billion
  • Figure 2: Global Forecast Market Growth, 2020-2025F, 2030F, $ Billion
  • Figure 3: Global Life And Health Reinsurance Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 4: Global Life And Health Reinsurance Market, Segmentation By Distribution Channel, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 5: Global Life And Health Reinsurance Market, Segmentation By Product, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 6: Global Life And Health Reinsurance Market, Split By Region, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 7: Global Life And Health Reinsurance Market, Split By Country, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 8: Asia-Pacific, Life And Health Reinsurance Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 9: China, Life And Health Reinsurance Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 10: India, Life And Health Reinsurance Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 11: Japan, Life And Health Reinsurance Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 12: Australia, Life And Health Reinsurance Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 13: Indonesia, Life And Health Reinsurance Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 14: South Korea, Life And Health Reinsurance Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 15: Western Europe, Life And Health Reinsurance Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 16: UK, Life And Health Reinsurance Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 17: Germany, Life And Health Reinsurance Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 18: France, Life And Health Reinsurance Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 19: Eastern Europe, Life And Health Reinsurance Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 20: Russia, Life And Health Reinsurance Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 21: North America, Life And Health Reinsurance Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 22: USA, Life And Health Reinsurance Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 23: South America, Life And Health Reinsurance Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 24: Brazil, Life And Health Reinsurance Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 25: Middle East, Life And Health Reinsurance Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 26: Africa, Life And Health Reinsurance Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 27: Swiss Reinsurance Company Ltd Financial Performance
  • Figure 28: Munich Re Group Financial Performance
  • Figure 29: Reinsurance Group of America (RGA) Financial Performance
  • Figure 30: SCOR SE Financial Performance
  • Figure 31: Hannover Re Financial Performance
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