Property and casualty reinsurance providers are engaged in direct underwriting insurance policies that protect policy holders against future uncertain losses that may occur as a result of property damage or contingent liability. This market includes direct Insurance Providers which underwrite polices for protection against events such as natural calamities, burglary, fire accidents, riots and terrorism related incidents. Clients of these Insurance Providers are the general public/companies who buy property and casualty insurance policies, it can be either through intermediary or direct selling.
Property & Casualty Reinsurance Providers Global Market Size
The global property & casualty reinsurance providers market was valued at $235.9 billion in 2017. Asia Pacific was the largest geographic region accounting for $90.3 billion or 38.2% of the global market. The USA was the largest country accounting for $46.1 billion or 19.5% of the global property & casualty reinsurance providers market.
Property & Casualty Reinsurance Providers Global Market Trend
Many small and midsized reinsurers are using partnerships with hedge fund companies to grow their alternative capital raised through various risk transfer instruments. Hedge funds have been big buyers of insurance-linked securities such as catastrophe bonds, which pay out only if there is a significant disaster.
The companies covered are Swiss Re, Munich Re, China Reinsurance (Group) Corp, Hannover Re, and SCOR SE.
The countries covered are USA, China, Germany, Brazil, Japan, UK, Spain, Russia, France, Australia, Italy, India and rest of the world.
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