Increase in demand for various insurance plans is anticipated to drive the life reinsurance market growth during the forecast period. Additionally, the COVID-19 pandemic increased awareness of the need for life insurance among the general public. One of the primary causes of rise in demand for life and health insurance plans during COVID-19 is the high cost …
Continue reading “Life Reinsurance Market Size, Analysis Report, Share, Trends and Overview By 2031”
The global life reinsurance market was valued at $222.14 billion in 2021, and is projected to reach $647.8 billion by 2031, growing at a CAGR of 11.6% from 2022 to 2031. Reinsurance for life insurance firms allows them to shift all or a portion of their risk to another insurer. It allows life insurance companies …
Allied Market Research recently published a report, titled, “Reinsurance Market by Type (Facultative Reinsurance, Treaty Reinsurance), by Application (Property & Casualty Reinsurance, Life & Health Reinsurance), by Distribution Channel (Direct Writing, Broker), by Mode (Online, Offline): Global Opportunity Analysis and Industry Forecast, 2022-2031″. As per the report, the global reinsurance industry was pegged at $498.7 billion in 2021, and …
Continue reading “At a CAGR of 10.8% Reinsurance Market Size Worth US $1344.3 billion by 2031.”
The global life reinsurance market was valued at $222.1 billion in 2021, and is projected to reach $647.8 billion by 2031, growing at a CAGR of 11.6% from 2022 to 2031. The latest technological innovations and rise in demand are the prime factors behind the growth of the market. The life reinsurance market report covers …
Continue reading “Life Reinsurance Market is projected to reach $647.8 billion by 2031”
