Reinsurance Market

Extracted Attributes

• Primary Segments

  Property & Casualty, Life & Health, Specialty

• Key Growth Drivers

  AI/ML risk modeling, regulatory enforcement, cyber insurance demand

• Market Size (2025)

  USD 472.3 billion

• Fastest Growing Region

  Asia-Pacific (7.23% CAGR)

• Largest Regional Market

  Europe (31.40% share in 2024)

• Projected Market Size (2035)

  USD 1 trillion

• Dominant Distribution Channel

  Broker-mediated (83.56% share)

Timeline

• Reinsurance market size valued at USD 498.7 billion. (Source: SkyQuest)

  2021-12-31

• Market reports strong premium growth but capital levels are lowered by rising interest rates and falling bond values. (Source: SkyQuest)

  2022-12-31

• Property & Casualty segment accounts for 62.40% of the total reinsurance market share. (Source: Mordor Intelligence)

  2024-12-31

• Global reinsurance market size estimated between USD 469.7 billion and USD 472.3 billion. (Source: Mordor Intelligence / Global Market Insights)

  2025-01-01

• The cyber reinsurance market is forecast to grow to USD 9 billion in Gross Written Premium (GWP). (Source: Aon)

  2029-12-31

• Reinsurance market size projected to reach USD 629.7 billion. (Source: Mordor Intelligence)

  2030-12-31

• Global reinsurance market size projected to reach USD 1 trillion. (Source: Global Market Insights)

  2035-12-31

Reinsurance

Reinsurance is insurance purchased by an insurer to transfer part of the risk it has assumed to another insurer, the reinsurer. It is used to increase underwriting capacity, share large risks (including catastrophic losses), stabilise results, and support capital and solvency management. The International Association of Insurance Supervisors says "Reinsurance is insurance for insurers. Just as firms and individuals buy insurance for perils they do not want to bear, primary insurers purchase reinsurance for risks they do not want to fully retain. Reinsurers absorb losses that are not retained by primary insurers, and in so doing they limit the earnings volatility of primary insurers. Reinsurers pursue the same business model as primary insurers. They contract with the primary insurer (or cedant) to reimburse any future claim the primary insurer may have against the payment of a premium today. In order to meet future claims, reinsurers apply the same insurance techniques and models for risk selection as primary insurers, and they follow the same insurance accounting principles. Just like primary insurers, reinsurers are prefunded through premium payments, and they pursue similar general approaches to asset liability management (ALM)". Reinsurance arrangements are commonly classified as facultative, which applies to individual risks, or treaty, which covers a class of business under a standing agreement between the parties. Treaty and facultative arrangements may be structured on a pro rata (proportional) basis or an excess of loss (non-proportional) basis, depending on how premiums and losses are shared and on the retention and limits set in the contract.

Web Search Results

• Reinsurance Market Size & Share, Growth Opportunity 2026-2035

  Report ID: GMI6139 | Published Date: December 2025 | Report Format: PDF Download Free PDF ## Reinsurance Market Size The global reinsurance market size was valued at USD 472.3 billion in 2025. The market is expected to grow from USD 503.4 billion in 2026 to USD 1 Trillion in 2035, at a CAGR of 8.2%, according to latest report published by Global Market Insights Inc. To get key market trends Download Free PDF [...] | Future outlook | The reinsurance market is projected to witness strong growth, driven by rising global demand for advanced, technology-enabled, and compliant risk transfer and capital management solutions. Key growth drivers include increasing regulatory enforcement across insurance and financial sectors; rising complexity of risk portfolios; adoption of AI and ML powered risk modeling and catastrophe analysis; expansion of digital insurance platforms and parametric insurance solutions; and growing cross-border insurance and reinsurance activity. The market is further supported by investments in predictive analytics, cloud-based portfolio management, automated underwriting systems, and real-time claims assessment, as well as government and regulatory initiatives promoting solvency, [...] Berkshire Hathaway China Reinsurance Everest Re Hannover Re Korean Reinsurance Lloyd’s Munich Re Reinsurance Group of America (RGA) SCOR Swiss Re The reinsurance market is highly competitive, with leading players such as Munich Re, Swiss Re, Hannover Re, Berkshire Hathaway, China Reinsurance, Lloyd’s, and Everest Re occupying key positions across property, casualty, life & health, specialty, and treaty/facultative reinsurance segments. These companies operate extensive global networks, offer diversified risk-transfer solutions, and provide strong underwriting expertise supported by advanced analytics and capital strength.

• Reinsurance Market Size, Growth & Share Report 2030

  ## Reinsurance Market Size and Share Market Overview | | | --- | | Study Period | 2019 - 2030 | | Market Size (2025) | USD 469.70 Billion | | Market Size (2030) | USD 629.70 Billion | | Growth Rate (2025 - 2030) | 6.04% CAGR | | Fastest Growing Market | Asia Pacific | | Largest Market | Europe | | Market Concentration | Medium | | Major Players \Disclaimer: Major Players sorted in no particular order Image © Mordor Intelligence. Reuse requires attribution under CC BY 4.0. | ## Reinsurance Market Analysis by Mordor Intelligence The Global Reinsurance Market size is estimated at USD 469.70 billion in 2025, and is expected to reach USD 629.70 billion by 2030, at a CAGR of 6.04% during the forecast period (2025-2030). [...] Key Report Takeaways By type, treaty reinsurance captured 76.20% of the reinsurance market size in 2024; facultative is advancing at an 8.05% CAGR through 2030. By line of business, property & casualty accounted for 62.40% share of the reinsurance market size in 2024; specialty lines are growing at an 11.18% CAGR to 2030. By distribution channel, broker-mediated placements held 83.56% share of the reinsurance market size in 2024; direct writing is growing at an 8.65% CAGR through 2030. By capital source, traditional rated carriers retained 81.24% share of the reinsurance market in 2024; alternative capital is expanding at a 13.98% CAGR to 2030. By region, Europe led with 31.40% reinsurance market share in 2024; Asia-Pacific is projected to expand at a 7.23% CAGR to 2030. [...] Customize Now ## Key Questions Answered in the Report What is the current size of the reinsurance market? The reinsurance market generated USD 469.70 billion in 2025 and is forecast to reach USD 629.70 billion by 2030. Which region leads the reinsurance market? Europe held the largest regional share at 31.40% in 2024, while Asia-Pacific is the fastest-growing region with a projected 7.23% CAGR through 2030. Why are specialty lines such as cyber growing so quickly? Digital transformation and emerging risks outpace traditional coverage, driving an 11.18% CAGR in specialty ceded premium and attracting reinsurers to higher-margin segments How is alternative capital influencing the market?

• Reinsurance Market Growth Analysis - Size and Forecast 2025-2029

  # Reinsurance Market Analysis, Size, and Forecast 2025-2029: Europe (France, Germany, Italy, Spain, UK), APAC (China, India, Japan, South Korea), North America (US, Canada, and Mexico), Middle East and Africa (UAE), and South America (Brazil) Published: Jan 2025 197 Pages SKU: IRTNTR73226 Buy Now View Free Sample ### Market Overview at a Glance $539.3 B Market Opportunity 12.2% CAGR 10.9 YoY growth 2024-2025(%) Enjoy complimentary customization on priority with your Enterprise License. ## Reinsurance Market Size 2025-2029 The reinsurance market size is forecast to increase by USD 539.3 billion at a CAGR of 12.2% between 2024 and 2029. [...] | | | Market Scope | | Report Coverage | Details | | Page number | 197 | | Base year | 2024 | | Historic period | 2019-2023 | | Forecast period | 2025-2029 | | Growth momentum & CAGR | Accelerate at a CAGR of 12.2% | | Market growth 2025-2029 | USD 539.3 billion | | Market structure | Fragmented | | YoY growth 2024-2025(%) | 10.9 | | Key countries | US, China, Japan, Germany, France, Spain, Canada, India, South Korea, France, Japan, Italy, Brazil, UAE, UK, Spain, Rest of World (ROW), and Mexico | | Competitive landscape | Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks | Request Free Sample ## What are the Key Data Covered in this Reinsurance Market Research and Growth Report? [...] ### DATA ANALYSIS #### Data Synthesis Collation of data Estimation of key figures Analysis of derived insights #### Data Validation Triangulation with data models Reference against proprietary databases Corroboration with industry experts ### REPORT WRITING #### Qualitative Market drivers Market challenges Market trends Five forces analysis #### Quantitative Market size and forecast Market segmentation Geographical insights Competitive landscape ### Interested in this report? Get your sample now to see our research methodology and insights! Download Now ## Frequently Asked Questions ### Reinsurance market growth will increase by $ 539.3 bn during 2025-2029 . ### The Reinsurance market is expected to grow at a CAGR of 12.2% during 2025-2029 . ###

• Reinsurance Market Size, Share | Forecast Report [2033]

  Didn't Find What you were looking for? Take well informed data driven decisions using our strategic market insights & industry expertise. SPEAK WITH ANALYST ## FAQs ### Reinsurance Market size was valued at USD 498.7 billion in 2021 and is poised to grow from USD 552.56 billion in 2022 to USD 1255.15 billion by 2030, growing at a CAGR of 10.8% in the forecast period (2023-2030). ### [...] ## Reinsurance Market Insights Reinsurance Market size was valued at USD 614.16 Billion in 2024 and is poised to grow from USD 681.72 Billion in 2025 to USD 1571.04 Billion by 2033, growing at a CAGR of 11% during the forecast period (2026–2033). In 2022, the global reinsurance market continued to report strong premium growth and underwriting profitability. However, ROEs and capital levels were pulled lower due to a fall in the market value of bonds (due to rising interest rates and widening credit spreads) and equities. [...] The reinsurance market is highly competitive and fragmented, with numerous players vying for market share. The market is dominated by several large companies. These companies have substantial financial resources, extensive underwriting capabilities, and reach. There are also many smaller and regional reinsurers that compete with players. The market is highly cyclical, with fluctuations in demand and supply driven by catastrophic events such as natural disasters and pandemics. Additionally, along with traditional reinsurance, alternative risk transfer solutions such as insurance-linked securities have gained popularity. Technological advancements, changing regulations, and shifting customer expectations are also driving changes within the industry. Overall, the reinsurance market is highly

• [PDF] Reinsurance Market Dynamics 2025 - July Report - Aon

  around $15 billion today. The cyber reinsurance market is forecast to grow from $6 billion GWP to $9 billion by 2029. [...] Steve Hofmann U.S. CEO, Reinsurance Solutions, Aon Seize the moment All things being equal, reinsurance market conditions are likely to remain favorable for the foreseeable future. While the reinsurance industry has shown its capacity to absorb $50 billion plus loss event(s), increased retentions continue to push the majority of natural catastrophe losses to insurers over the last two years. With the increased availability of property catastrophe reinsurance and growing flexibility of reinsurers, now is a good time to reassess protection needs. Current conditions create opportunities for insurers to address specific issues or to adjust program structures and coverage to reduce volatility in both property and casualty. [...] Stable conditions While increasingly competitive, the reinsurance market remained disciplined. Terms and conditions were broadly unchanged while retention levels remained stable. Mid-year renewals also saw growing interest in expanding reinsurance protection, including deeper discussions on structured solutions and aggregate covers. However, most insurers continued to prioritize affordability and managing earnings over additional reinsurance purchasing.