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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