Life Reinsurance Market Size, Trends and Insights By Type (Facultative Reinsurance, Treaty Reinsurance), By Offering (Mortality Solutions, Morbidity Solutions, Longevity Solutions, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033
Report Snapshot
| Study Period: | 2024-2033 |
| Fastest Growing Market: | Asia-Pacific |
| Largest Market: | Europe |
Major Players
- Munich Re
- Swiss Re
- Hannover Re
- SCOR SE
- Reinsurance Group of America
- Others
Reports Description
Global Life Reinsurance Market was valued at USD 234.5 Billion in 2024 and is expected to reach USD 735.6 Billion by 2033, at a CAGR of 12.7% during the forecast period 2024 – 2033.
Life reinsurance is a kind of insurance coverage arrangement in which a primary life coverage company sends a portion of its risk and duties related with life insurance procedures to another insurance company (the reinsurer).
Life Reinsurance Market: Growth Factors
Rising road accidents
The life reinsurance industry is being driven primarily by the increasing number of traffic accidents. Insurers encounter higher payments for life and health policies when traffic accidents increase, which forces them to look for reinsurance to reduce their financial risk.
By taking on a share of these obligations, reinsurers play a critical role in easing the financial strain on primary insurers. The market is growing as a result of this tendency, which increases demand for life reinsurance products. Furthermore, insurers facing a rise in claims as a result of traffic accidents frequently choose creative reinsurance plans that are customized to their risk profiles.
The insurance ecosystem’s general stability is strengthened by these tailored products, which promote a mutually beneficial partnership between insurers and reinsurers. Thus, the rising incidence of traffic accidents acts as a trigger for growth and innovation within the life reinsurance market.
For instance, in 2022, four people died on Delhi’s roads on average per day, in accordance with the Road Crash report released by Delhi Traffic Police the previous year. The survey also showed that there were 19.7% more accidents, 17.9% more fatalities, and 21.7% more injuries in comparison to 2021.
Rise of the middle class in emerging economies
In growing nations, the market for life reinsurance is greatly impacted by the growth of the middle class. The demand for life insurance products has increased in tandem with people’s increased earnings and improved standards of living in these economies, as they seek to safeguard themselves and their families against potential hazards and provide financial stability.
Primary insurers require more reinsurance to control their risk exposure as a result of the increase in demand for life insurance products. Reinsurance providers contribute significantly to the growth of life insurance coverage in developing nations by offering capacity, knowledge, and risk management strategies.
Consequently, the development of the middle class in these nations propels the market for life reinsurance to increase, offering chances for insurers and reinsurers to tap into this evolving landscape and foster sustainable growth.
Life Reinsurance Market: Restraints
Uncertainty and risk factors
Risk concerns and uncertainty provide serious obstacles to the life reinsurance industry, affecting its stability and profitability. Reinsurers have challenges in precisely evaluating and pricing risks related to mortality, longevity, and other variables impacting life insurance policies in an unpredictable environment.
Because of this uncertainty, reinsurance contracts may be mispriced, putting reinsurers at risk of losing money if actual claims experience differs from earlier estimates. Increased risk perceptions may also cause reinsurers to demand higher premiums or refrain from providing coverage, which would lessen market competition.
Further exacerbating market uncertainty are the intricacy of life insurance products and changing regulatory environments. Reinsurers need to use advanced analytics, sophisticated risk management techniques, and primary insurer collaboration to improve underwriting to overcome these obstacles.
Life Reinsurance Market: Opportunities
Integration of digital technologies
The market for life reinsurance is being completely transformed by the use of digital technology, which simplifies procedures, improves risk evaluation, and enhances client satisfaction. Reinsurers can now examine massive quantities of data to better understand mortality patterns and estimate risks with more accuracy thanks to artificial intelligence and modern data analytics.
This makes it possible for them to create specialized reinsurance solutions that are suited to the unique requirements of policyholders and insurers. Digital platforms also make underwriting procedures quicker and more effective, which lessens administrative work and boosts operational effectiveness.
Moreover, digital platforms facilitate real-time customer engagement for reinsurers, allowing them to offer tailored services and assistance. All things considered, life insurers are better equipped to adjust to shifting market conditions, maximize risk mitigation tactics, and provide more value to their customers while maintaining a competitive edge thanks to digital technology integration.
For instance, auto insurance companies use predictive analytics to evaluate driving patterns using telematics data, modify rates, and provide incentives for safe driving. ML algorithms offer personalized policy suggestions and assist in identifying fraudulent claims.
Life Reinsurance Market: Segmentation Analysis
Global Life Reinsurance market is segmented by type, offering and region. Based on type, the market is classified into facultative reinsurance and treaty reinsurance. Treaty Reinsurance dominated the market in 2023 with a market share of 58.5% and is expected to keep its dominance during the forecast period 2024-2033.
Treaty reinsurance provides insurers with a tactical tool to manage their risks and maximize capital efficiency, which is a major factor driving the life reinsurance market. Insurers can transfer some of their life insurance obligations to reinsurers through treaty reinsurance arrangements, which lowers their overall risk exposure and guarantees stability in their financial positions.
With their risks well diversified, insurers may now confidently explore expansion prospects and underwrite bigger quantities of policies. Treaty reinsurance also gives insurers access to specialist knowledge and resources, which enables them to create cutting-edge products and enter new markets.
Treaty reinsurance promotes cooperation and risk-sharing between insurers and reinsurers, which helps to create a robust and dynamic life insurance market that can adjust to changing industry trends and regulatory requirements.
Based on offering, the market is classified into mortality solutions, morbidity solutions, longevity solutions and others. Mortality Solutions dominated the market in 2023 with a market share of 30.5% and is expected to keep its dominance during the forecast period 2024-2033.
Mortality solutions play a crucial part in influencing the nature of the life reinsurance market by providing insurers with vital risk management tools. These solutions cover a variety of methods and goods designed to evaluate and reduce the mortality risks connected to life insurance contracts.
Reinsurance companies can precisely price and manage mortality risk portfolios by utilizing sophisticated actuarial models, statistical analysis, and underwriting knowledge. By performing this, insurers may maximize their capital efficiency and expand their ability to underwrite more policies by shifting a portion of their risk to reinsurers.
Furthermore, by using mortality solutions, creative reinsurance structures that are adapted to the changing requirements of policyholders and insurers may be created. Reinsurers and insurers can work together to negotiate regulatory changes, changing health patterns, and demographic shifts through cooperative risk-sharing agreements.
Report Scope
| Feature of the Report | Details |
| Market Size in 2024 | USD 234.5 Billion |
| Projected Market Size in 2033 | USD 735.6 Billion |
| Market Size in 2023 | USD 230.9 Billion |
| CAGR Growth Rate | 12.7% CAGR |
| Base Year | 2023 |
| Forecast Period | 2024-2033 |
| Key Segment | By Type, Offering and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfil your requirements for research. |
Life Reinsurance Market: Regional Analysis
By region, Life Reinsurance market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle East & Africa. The Asia-Pacific dominated the global Life Reinsurance market in 2023 with a market share of 44.1% and is expected to keep its dominance during the forecast period 2024-2033.
In the Asia-Pacific region, families and individuals search to safeguard their financial futures. As a result, there is an increasing need for life insurance policies, which in turn fuels the need for reinsurance to reduce risk for primary insurers.
In addition, the adoption of reinsurance as a way to improve insurers’ solvency and risk management procedures is encouraged by the changing regulatory environment in many Asia-Pacific nations. Regulatory changes frequently force insurers to have adequate capital reserves, which forces them to assign some of their risks to reinsurers.
Furthermore, the region’s susceptibility to aging populations and other demographic changes, as well as natural disasters, emphasizes the significance of the efficient risk transfer mechanisms offered by reinsurance. To help primary insurers manage and diversify their exposure to such risks, reinsurers are essential.
In addition, digitization and technology developments are reshaping the Asia-Pacific life reinsurance industry by enabling more effective underwriting procedures, data analytics, and product innovation. Increased cooperation between insurers and reinsurers is encouraged by this trend, which propels the creation of customized solutions to satisfy the changing demands of the local client base.
In general, the dynamic economic growth, regulatory changes, risk environment, and technology breakthroughs of the Asia-Pacific region all work together to drive the growth and development of the life reinsurance industry.
Life Reinsurance Market: Recent Developments
- In March 2024, HSB, a Munich Re specialty insurer, announced its strategy to sell insurance coverage that will cover consumers involved in auto-related cyber-attacks.
- In December 2023, Canada Life and Nesto allied to offer mortgage service and administration for Canada Life’s home mortgage customers.
- In March 2024, Reinsurance Group of America (RGA), announced a collaboration with Japan Post Insurance Company (Kampo). The company’s approach to risk management and capital optimization, as well as its dedication to its clients, have been strengthened by its relationship with RGA.
List of the prominent players in the Life Reinsurance Market:
- Munich Re
- Swiss Re
- Hannover Re
- SCOR SE
- Reinsurance Group of America
- China Reinsurance Group Corporation
- Korean Reinsurance Company
- Berkshire Hathaway Reinsurance Group
- Transamerica Reinsurance
- PartnerRe
- Everest Re Group
- Generali Group
- Mapfre Re
- XL Catlin
- Pacific Life Re
- Mitsui Sumitomo Insurance Group
- Arch Reinsurance Ltd.
- Lloyd’s of London syndicates
- Munich Re America
- Manulife Financial Corporation
- Others
These key players are adopting various growth strategies such as mergers & acquisitions, joint ventures, expansion, strategic alliances, new product launches, etc. to enhance their business operations and revenues.
The Life Reinsurance Market is segmented as follows:
By Type
- Facultative Reinsurance
- Treaty Reinsurance
By Offering
- Mortality Solutions
- Morbidity Solutions
- Longevity Solutions
- Others
Regional Coverage:
North America
- U.S.
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- France
- U.K.
- Russia
- Italy
- Spain
- Netherlands
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Taiwan
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America
Table of Contents
- Chapter 1. Preface
- 1.1 Report Description and Scope
- 1.2 Research scope
- 1.3 Research methodology
- 1.3.1 Market Research Type
- 1.3.2 Market Research Methodology
- Chapter 2. Executive Summary
- 2.1 Global Life Reinsurance Market, (2024 – 2033) (USD Billion)
- 2.2 Global Life Reinsurance Market: snapshot
- Chapter 3. Global Life Reinsurance Market – Industry Analysis
- 3.1 Life Reinsurance Market: Market Dynamics
- 3.2 Market Drivers
- 3.2.1 Rising road accidents
- 3.2.2 Rise of the middle class in emerging economies
- 3.3 Market Restraints
- 3.4 Market Opportunities
- 3.5 Market Challenges
- 3.6 Porter’s Five Forces Analysis
- 3.7 Market Attractiveness Analysis
- 3.7.1 Market Attractiveness Analysis By Type
- 3.7.2 Market Attractiveness Analysis By Offering
- Chapter 4. Global Life Reinsurance Market- Competitive Landscape
- 4.1 Company market share analysis
- 4.1.1 Global Life Reinsurance Market: Company Market Share, 2023
- 4.2 Strategic development
- 4.2.1 Acquisitions & mergers
- 4.2.2 New Product launches
- 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
- 4.2.4 Research and development and Regional expansion
- 4.3 Price trend analysis
- 4.1 Company market share analysis
- Chapter 5. Global Life Reinsurance Market – Type Analysis
- 5.1 Global Life Reinsurance Market Overview: By Type
- 5.1.1 Global Life Reinsurance Market Share, By Type, 2023 and 2033
- 5.2 Facultative Reinsurance
- 5.2.1 Global Life Reinsurance Market by Facultative Reinsurance, 2024 – 2033 (USD Billion)
- 5.3 Treaty Reinsurance
- 5.3.1 Global Life Reinsurance Market by Treaty Reinsurance, 2024 – 2033 (USD Billion)
- 5.1 Global Life Reinsurance Market Overview: By Type
- Chapter 6. Global Life Reinsurance Market – Offering Analysis
- 6.1 Global Life Reinsurance Market Overview: By Offering
- 6.1.1 Global Life Reinsurance Market Share, By Offering, 2023 and 2033
- 6.2 Mortality Solutions
- 6.2.1 Global Life Reinsurance Market by Mortality Solutions, 2024 – 2033 (USD Billion)
- 6.3 Morbidity Solutions
- 6.3.1 Global Life Reinsurance Market by Morbidity Solutions, 2024 – 2033 (USD Billion)
- 6.4 Longevity Solutions
- 6.4.1 Global Life Reinsurance Market by Longevity Solutions, 2024 – 2033 (USD Billion)
- 6.5 Others
- 6.5.1 Global Life Reinsurance Market by Others, 2024 – 2033 (USD Billion)
- 6.1 Global Life Reinsurance Market Overview: By Offering
- Chapter 7. Life Reinsurance Market – Regional Analysis
- 7.1 Global Life Reinsurance Market Regional Overview
- 7.2 Global Life Reinsurance Market Share, by Region, 2023 & 2033 (USD Billion)
- 7.3. North America
- 7.3.1 North America Life Reinsurance Market, 2024 – 2033 (USD Billion)
- 7.3.1.1 North America Life Reinsurance Market, by Country, 2024 – 2033 (USD Billion)
- 7.3.1 North America Life Reinsurance Market, 2024 – 2033 (USD Billion)
- 7.4 North America Life Reinsurance Market, by Type, 2024 – 2033
- 7.4.1 North America Life Reinsurance Market, by Type, 2024 – 2033 (USD Billion)
- 7.5 North America Life Reinsurance Market, by Offering, 2024 – 2033
- 7.5.1 North America Life Reinsurance Market, by Offering, 2024 – 2033 (USD Billion)
- 7.6. Europe
- 7.6.1 Europe Life Reinsurance Market, 2024 – 2033 (USD Billion)
- 7.6.1.1 Europe Life Reinsurance Market, by Country, 2024 – 2033 (USD Billion)
- 7.6.1 Europe Life Reinsurance Market, 2024 – 2033 (USD Billion)
- 7.7 Europe Life Reinsurance Market, by Type, 2024 – 2033
- 7.7.1 Europe Life Reinsurance Market, by Type, 2024 – 2033 (USD Billion)
- 7.8 Europe Life Reinsurance Market, by Offering, 2024 – 2033
- 7.8.1 Europe Life Reinsurance Market, by Offering, 2024 – 2033 (USD Billion)
- 7.9. Asia Pacific
- 7.9.1 Asia Pacific Life Reinsurance Market, 2024 – 2033 (USD Billion)
- 7.9.1.1 Asia Pacific Life Reinsurance Market, by Country, 2024 – 2033 (USD Billion)
- 7.9.1 Asia Pacific Life Reinsurance Market, 2024 – 2033 (USD Billion)
- 7.10 Asia Pacific Life Reinsurance Market, by Type, 2024 – 2033
- 7.10.1 Asia Pacific Life Reinsurance Market, by Type, 2024 – 2033 (USD Billion)
- 7.11 Asia Pacific Life Reinsurance Market, by Offering, 2024 – 2033
- 7.11.1 Asia Pacific Life Reinsurance Market, by Offering, 2024 – 2033 (USD Billion)
- 7.12. Latin America
- 7.12.1 Latin America Life Reinsurance Market, 2024 – 2033 (USD Billion)
- 7.12.1.1 Latin America Life Reinsurance Market, by Country, 2024 – 2033 (USD Billion)
- 7.12.1 Latin America Life Reinsurance Market, 2024 – 2033 (USD Billion)
- 7.13 Latin America Life Reinsurance Market, by Type, 2024 – 2033
- 7.13.1 Latin America Life Reinsurance Market, by Type, 2024 – 2033 (USD Billion)
- 7.14 Latin America Life Reinsurance Market, by Offering, 2024 – 2033
- 7.14.1 Latin America Life Reinsurance Market, by Offering, 2024 – 2033 (USD Billion)
- 7.15. The Middle-East and Africa
- 7.15.1 The Middle-East and Africa Life Reinsurance Market, 2024 – 2033 (USD Billion)
- 7.15.1.1 The Middle-East and Africa Life Reinsurance Market, by Country, 2024 – 2033 (USD Billion)
- 7.15.1 The Middle-East and Africa Life Reinsurance Market, 2024 – 2033 (USD Billion)
- 7.16 The Middle-East and Africa Life Reinsurance Market, by Type, 2024 – 2033
- 7.16.1 The Middle-East and Africa Life Reinsurance Market, by Type, 2024 – 2033 (USD Billion)
- 7.17 The Middle-East and Africa Life Reinsurance Market, by Offering, 2024 – 2033
- 7.17.1 The Middle-East and Africa Life Reinsurance Market, by Offering, 2024 – 2033 (USD Billion)
- Chapter 8. Company Profiles
- 8.1 Munich Re
- 8.1.1 Overview
- 8.1.2 Financials
- 8.1.3 Product Portfolio
- 8.1.4 Business Strategy
- 8.1.5 Recent Developments
- 8.2 Swiss Re
- 8.2.1 Overview
- 8.2.2 Financials
- 8.2.3 Product Portfolio
- 8.2.4 Business Strategy
- 8.2.5 Recent Developments
- 8.3 Hannover Re
- 8.3.1 Overview
- 8.3.2 Financials
- 8.3.3 Product Portfolio
- 8.3.4 Business Strategy
- 8.3.5 Recent Developments
- 8.4 SCOR SE
- 8.4.1 Overview
- 8.4.2 Financials
- 8.4.3 Product Portfolio
- 8.4.4 Business Strategy
- 8.4.5 Recent Developments
- 8.5 Reinsurance Group of America
- 8.5.1 Overview
- 8.5.2 Financials
- 8.5.3 Product Portfolio
- 8.5.4 Business Strategy
- 8.5.5 Recent Developments
- 8.6 China Reinsurance Group Corporation
- 8.6.1 Overview
- 8.6.2 Financials
- 8.6.3 Product Portfolio
- 8.6.4 Business Strategy
- 8.6.5 Recent Developments
- 8.7 Korean Reinsurance Company
- 8.7.1 Overview
- 8.7.2 Financials
- 8.7.3 Product Portfolio
- 8.7.4 Business Strategy
- 8.7.5 Recent Developments
- 8.8 Berkshire Hathaway Reinsurance Group
- 8.8.1 Overview
- 8.8.2 Financials
- 8.8.3 Product Portfolio
- 8.8.4 Business Strategy
- 8.8.5 Recent Developments
- 8.9 Transamerica Reinsurance
- 8.9.1 Overview
- 8.9.2 Financials
- 8.9.3 Product Portfolio
- 8.9.4 Business Strategy
- 8.9.5 Recent Developments
- 8.10 PartnerRe
- 8.10.1 Overview
- 8.10.2 Financials
- 8.10.3 Product Portfolio
- 8.10.4 Business Strategy
- 8.10.5 Recent Developments
- 8.11 Everest Re Group
- 8.11.1 Overview
- 8.11.2 Financials
- 8.11.3 Product Portfolio
- 8.11.4 Business Strategy
- 8.11.5 Recent Developments
- 8.12 Generali Group
- 8.12.1 Overview
- 8.12.2 Financials
- 8.12.3 Product Portfolio
- 8.12.4 Business Strategy
- 8.12.5 Recent Developments
- 8.13 Mapfre Re
- 8.13.1 Overview
- 8.13.2 Financials
- 8.13.3 Product Portfolio
- 8.13.4 Business Strategy
- 8.13.5 Recent Developments
- 8.14 XL Catlin
- 8.14.1 Overview
- 8.14.2 Financials
- 8.14.3 Product Portfolio
- 8.14.4 Business Strategy
- 8.14.5 Recent Developments
- 8.15 Pacific Life Re
- 8.15.1 Overview
- 8.15.2 Financials
- 8.15.3 Product Portfolio
- 8.15.4 Business Strategy
- 8.15.5 Recent Developments
- 8.16 Mitsui Sumitomo Insurance Group
- 8.16.1 Overview
- 8.16.2 Financials
- 8.16.3 Product Portfolio
- 8.16.4 Business Strategy
- 8.16.5 Recent Developments
- 8.17 Arch Reinsurance Ltd.
- 8.17.1 Overview
- 8.17.2 Financials
- 8.17.3 Product Portfolio
- 8.17.4 Business Strategy
- 8.17.5 Recent Developments
- 8.18 Lloyd’s of London syndicates
- 8.18.1 Overview
- 8.18.2 Financials
- 8.18.3 Product Portfolio
- 8.18.4 Business Strategy
- 8.18.5 Recent Developments
- 8.19 Munich Re America
- 8.19.1 Overview
- 8.19.2 Financials
- 8.19.3 Product Portfolio
- 8.19.4 Business Strategy
- 8.19.5 Recent Developments
- 8.20 Manulife Financial Corporation
- 8.20.1 Overview
- 8.20.2 Financials
- 8.20.3 Product Portfolio
- 8.20.4 Business Strategy
- 8.20.5 Recent Developments
- 8.21 Others.
- 8.21.1 Overview
- 8.21.2 Financials
- 8.21.3 Product Portfolio
- 8.21.4 Business Strategy
- 8.21.5 Recent Developments
- 8.1 Munich Re
List Of Figures
Figures No 1 to 20
List Of Tables
Tables No 1 to 52
Report Methodology
In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:
Preliminary Data Mining
On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.
Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.
Statistical Model
Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.
Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.
Some of the variables taken into account for forecasting are as follows:
• Industry drivers and constraints, as well as their current and projected impact
• The raw material case, as well as supply-versus-price trends
• Current volume and projected volume growth through 2033
We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.
Primary Validation
This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.
Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.
All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:
• Market leaders
• Suppliers of raw materials
• Suppliers of raw materials
• Buyers.
The following are the primary research objectives:
• To ensure the accuracy and acceptability of our data.
• Gaining an understanding of the current market and future projections.
Data Collection Matrix
| Perspective | Primary research | Secondary research |
| Supply-side |
|
|
| Demand-side |
|
|
Market Analysis Matrix
| Qualitative analysis | Quantitative analysis |
|
|
Prominent Player
- Munich Re
- Swiss Re
- Hannover Re
- SCOR SE
- Reinsurance Group of America
- China Reinsurance Group Corporation
- Korean Reinsurance Company
- Berkshire Hathaway Reinsurance Group
- Transamerica Reinsurance
- PartnerRe
- Everest Re Group
- Generali Group
- Mapfre Re
- XL Catlin
- Pacific Life Re
- Mitsui Sumitomo Insurance Group
- Arch Reinsurance Ltd.
- Lloyd’s of London syndicates
- Munich Re America
- Manulife Financial Corporation
- Others
FAQs
The restraints of the Life Reinsurance market is uncertainty and risk factors.
The major driver for the Life Reinsurance market is rising road accidents and rise of the middle class in emerging economies.
The “Facultative Reinsurance” category dominated the market in 2023.
The key players in the market are Munich Re, Swiss Re, Hannover Re, SCOR SE, Reinsurance Group of America , China Reinsurance Group Corporation, Korean Reinsurance Company, Berkshire Hathaway Reinsurance Group, Transamerica Reinsurance , PartnerRe, Everest Re Group, Generali Group, Mapfre Re, XL Catlin , Pacific Life Re, Mitsui Sumitomo Insurance Group, Arch Reinsurance Ltd., Lloyd’s of London syndicates, Munich Re America, Manulife Financial Corporation, Others.
“Asia-Pacific” had the largest share in the Life Reinsurance Market.
The global market is projected to grow at a CAGR of 12.7% during the forecast period, 2024-2033.
The Life Reinsurance Market size was valued at USD 234.5 Billion in 2024.