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					Scope of the Reinsurance Market

This article titled "Scope of the Reinsurance Market" provides an in-
depth analysis of future outlook of the reinsurance industry globally and
in the three regions including Europe, North America and Asia-Pacific. It
covers specific insight on the market behavior, constraints, recent
trends and developments in reinsurance industry. Reinsurance is
considered as backbone of every economy. It enables large-scale
investment projects. It plays complementary role in banking sector that
finance assets. Where banks and capital market raises hands, insurance
bears risks. Reinsurance generates capital for insurance. Between banks
and capital markets, there is great scope to generate capital that
supports economy. Reinsurance is the only option, that's why future is
bright with reinsurance. In fact, reinsurance industry protects wealth
and assets. Demand for reinsurance is growing exponentially as insurer
needs capital relief for funding their growths. On the other hand,
protects major risks exposures of their clients. The non-life reinsurance
market size of Asia region is described below. It is expected to be
double by next decade. Today, Asia is facing unique risks. Economic
development, dynamic landscape changing and rapid growth in population
giving rise to risk. Terrorist attacks, food and water security, diseases
and climate change are major issues in Asia region. ACR Capital holding
provides regional reinsurance solutions after conducting comprehensive
research across Asian risks. With clients in more than 50 Asian
countries, unique business model and international experience, ACR aims
to provide reinsurance solutions for large-scale risks in this region. It
is committed to further enhance area of expertise through risk analysis
and data development. To provide effective reinsurance coverage and
better pricing, ACR only focused in Asia region. It agrees to improve
efficiency and capacity of Asian reinsurance market. Reinsurance industry
faced unpredictable challenges in last year in sense of natural
disasters. Tsunami in Japan and radioactivity in New Zealand was
exceptions because earthquake was not expected in these regions, but
unfortunately, reinsurers were more concerned about wind events in these
regions. Hence awareness comes in this region for reinsurance of billions
dollar property. In Gulf region, countries like Qatar has leading role in
economic growth. Qatar has billions and trillions of dollars worth
construction projects in all around. All these need insurance or
reinsurance. Local capacity can't bear these risks so it's big
opportunity for global reinsurers. People getting wealthiest, they need
insurance of their assets. There will be a record reinsurance penetration
growth in Gulf region.

World is divided into three main regions in broad sense. Some facts are
described here about the companies and their reinsurance assets in all
three regions:

Reinsurance industry in North America:

Reinsurance market in North America is dominated by US. It has reached up
to US $ 1000 billion dollars. It accounts for 40% of non-life insurance
in the world. By next decade, the market is expected to reach US $ 1500
billion dollars. RGA, incorporated is a global life and health insurance
company with more than $ 29.1 billion assets. It has operations in more
than 25 countries. Services include group reinsurance, long-term
reinsurance, life reinsurance, health reinsurance, retakaful and
financial solutions. It also offers risk management, client training,
underwriting solutions and product developments.

Swiss Reinsurance America Corporation is another big player in global
market. It has more than $ 14 billion of total assets. It deals in
property and life reinsurance. Deals directly and working through
brokers, its network comprises of middle size corporations, insurance
companies and public sector clients. The company helps insurer to
determine, identify and manage overall risk. It also conducts scientific
investigations related to industry.

Arch Reinsurance Company based in U.S provides wide range of reinsurance
services to the US market. It major concern is fire and casualty
insurance. Besides this, Arch reinsurance also includes boat, air planes,
home, auto and business insurance. It has assets of $ 11.42 billion,
capital of $ 5 million and surplus of $ 76.10 billion.

Reinsurance industry in Asia-Pacific:

The total assets of reinsurance market in Asia-Pacific region are valued
at US $ 50 billion accounting nearly 27% of the global reinsurance
market, and are expected to double in size to reach US $ 100 billion by
2020. China and Japan are major dominants in this region accounted for
more than 40% of total premium. Chinese reinsurance companies showed
rapid expansion over the past decades. China life insurance once becomes
world's second largest company in market capitalization. Its total assets
accounts for $ 237.73 billion.

Reinsurance industry in Europe:

The biggest reinsurance industry in the world is in Europe. It holds more
than 33% of the reinsurance market value. Germany is dominant country in
this region contributes maximum to the total net premium. United Kingdom
is chasing Germany with Lloyd's maximum contribution to the country.

Lloyd's of London: is a British reinsurance corporate body. It serves
marketplace where underwriters, corporations, financial brokers come
together to a pool. It has more than £ 21.97 billion of gross premium.

Munich Re: It is one of the top leading risks carrier. Based in Germany,
Munich Re provides reinsurance and primary insurance. It accounts for €
23.6 billion market asset.

Swiss Re: With market value of $ 16.44 billion, it is a leading wholesale
reinsurance provider. Deals directly and works through brokers. Many
insurance companies, medium size organizations and public sector clients
are under its fleet.

Reinsurance is a flexible tool that offers access to the quality risks.

				
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