Global Reinsurance Market Outlook to 2015 –Asia Pacific Driving the Global Demand

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The Report titled “Global Reinsurance Market Outlook to 2015 –Asia Pacific Driving the Global Demand” provides an in-depth analysis of the global reinsurance industry. The report covers specific insights on the market size and segmentation, drivers and restraints, recent trends and developments and future outlook of the reinsurance industry globally and in the three regions including Europe, North America, and Asia Pacific. The report also entails the market size on the basis of net reinsurance premium written and market share of various companies at the country level. Overall, the report offers a comprehensive analysis of the entire reinsurance industry.The global reinsurance industry was valued at USD million in terms of gross premium written in 2009. The market is expected to grow at a CAGR of % from 2010-2015, to reach USD million in 2015. Net premium written increased from USD million in 2001 to USD million in 2009. It is expected to grow at a CAGR of % from 2010-2015 to reach USD million by 2015.With a market share close to %, Europe was the market leader on the basis of global net reinsurance premium written in 2009. North America with a share of % was the second largest region followed by the Asia Pacific region with a share of %. Rest of the World (ROW) also had a small share of %.

Reinsurance Industry in North America

The North America reinsurance market rebounded in 2009 and reached USD million in 2009. By 2015, the market for North America is expected to reach USD million.

North America reinsurance market is dominated by the US, accounting for nearly % of total net reinsurance premium in 2009. Bermuda is the second largest country in the region with a market share of % followed by Canada with % of the market share.

Reinsurance Industry in Europe

The reinsurance industry in Europe is the biggest market in the world. Alone, Europe accounts for more than % of the market. In 2010, the reinsurance industry stood at under USD billion. The market is expected to grow at a steady CAGR of % from 2010-2015 and would reach USD million in 2015.

Germany is the largest reinsurance market contributing % of the total net premium written in the region. The UK is speeding up in its race to chase Germany with Lloyd’s contributing the maximum to the growth in the country.

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