The report titled “Property
& Casualty Reinsurance Providers Global Market Report 2018 Including:
Property & Casualty Reinsurance Providers Covering: Swiss Re,Munich
Re,China Reinsurance (Group) Corp,Hannover Re,SCOR SE”, provides a
comprehensive analysis of global property and casualty insurance market,
advancements, leading players, geography and future of global property and
casualty insurance market.
Industry
Overview: Almost all the global property
insurance companies are recapitalizing, creating start-up capacity, and
focusing on generating underwriting profits, to increase their profit margins
over the next few years. With the availability of more flexible data management
infrastructure and governance architecture, the property and casualty insurance
sector will improve its transparency which will help in the better formulation
of models and frameworks. Property and casualty insurance vendors are making use of
cost-effective solutions in infrastructure, communications, and analytics.
Social media platforms are used by insurance vendors to collect customer
feedback, resolve queries in real-time, and provide product updates. These
platforms offer transparency and provide an efficient platform to evaluate
different insurance vendor offerings. Geographically,
the global property insurance companies are spread
across Americas, APAC and EMEA. The Americas account for a
larger share in the global property and casualty insurance
market due to favourable insurance environment and pro-business
outlook.
Advances, Geography
and Leading players in the Global
property
and casualty reinsurance providers: Digital
transformation, market consolidation, and servitization (change in market
services) are a few factors that will propel growth in the global property and casualty insurance market. The global property and casualty insurance
market is heavily regulated and fragmented with enormous
competition among various vendors. The
increasing incidence of catastrophic events and decrease in risk tolerance has
made reinsurance an indispensable part of the insurance industry. By absorbing
the losses of insurers, reinsurers help in the stabilization of the Insurance
industry. The
leading global reinsurance vendors are Berkshire Hathaway,
China Reinsurance, Hannover Re, Korean Reinsurance, Lloyd’s, Munich
Reinsurance, SCOR SE, Swiss Re, Axis Capital Holdings, Everest Re, General
Insurance Corporation of India and Partner Re. The major market drive of global
property and casualty insurance market is the decreased risk tolerance. The
global property and casualty insurance market faces a major market challenge
due to intense competition. Global property and casualty
insurance market is prominent in counties such as Brazil, China,
France, Germany, India, Italy, Japan, Spain, Russia, UK, USA and Australia.
Usually the reinsurance providers market
includes establishments engaged in assuming all or part of the risk with
existing insurance policies originally underwritten by other insurance
providers. Asia Pacific accounts for a larger share of the reinsurance market,
followed by Western Europe. Africa is the smallest region accounting for around
1% market share. The mortgage insurance category is supporting the growth of
the reinsurance market to enhance their risk management strategies. By entering
into reinsurance partnerships with mortgage insurance, the reinsurance market
will improve their capitals to manage their risk.
Global property and casualty insurance providers are interlinked with
other insurance policies that protect policy holders against property damage or
contingent liability. Globally, insurance polices are for protection against
events such as natural calamities, burglary, fire accidents, riots and
terrorism related incidents. Asia Pacific accounts for a largest share in the
property and casualty insurance market and the USA is the largest country with
a major share and revenue. Global property and casualty insurance market is
getting into partnership with many small and midsized reinsurers such as hedge
fund companies to enhance their growth. Hedge funds are large purchasers of
insurance-linked securities for catastrophe bonds, which pay out only for a
significant disaster.
Future of Global Property and Casualty Insurance Market: It was observed that there is an increase in customer connectivity which is gaining momentum in the global property and casualty insurance market. There are tremendous growth opportunities for global property and
casualty insurance vendors with the introduction of digital marketing platforms
and better products. This trend will drive the global
property and casualty insurance market over the next few
years.
Key topics
covered in this report:
Global Property and
Casualty Insurance Market
Global Property and
Casualty Insurance Market Report
Global Property and
Casualty Insurance Market Analysis
Global Property and
Casualty Insurance Market Opportunities
Global Property and
Casualty Insurance Market Forecast
Global Property and
Casualty Insurance Market Leading Players
Global Insurance
Market Analysis
Global Property and
Casualty Insurance Premium
Global Property and
Casualty Insurance Market Trends
Global Property and
Casualty Insurance Competition
Global General
Insurance Industry
North America Property and Casualty Insurance Market
Europe Property and
Casualty Insurance Market
Asia Property and
Casualty Insurance Market
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on the link below:
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Ken Research
Ankur Gupta, Head Marketing &
Communications
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