Global Property and Casualty Reinsurance Providers Market to Reach US$310.2 Billion by the Year 2027
Amid the COVID-19 crisis, the global market for Property and Casualty Reinsurance Providers estimated at US$243.4 Billion in the year 2020, is projected to reach a revised size of US$310.2 Billion by 2027, growing at a CAGR of 3.5% over the period 2020-2027.
The U.S. Accounts for Over 28.9% of Global Market Size in 2020, While China is Forecast to Grow at a 5.8% CAGR for the Period of 2020-2027
The Property and Casualty Reinsurance Providers market in the U.S. is estimated at US$70.3 Billion in the year 2020. The country currently accounts for a 28.88% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$52.9 Billion in the year 2027 trailing a CAGR of 5.8% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.1% and 2.9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 2.7% CAGR while Rest of European market (as defined in the study) will reach US$52.9 Billion by the year 2027.We bring years of research experience to this 6th edition of our report. The 142-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.Competitors identified in this market include, among others,
- China Reinsurance (Group) Corporation
- Hannover Ruck SE
- Munich Re Group
- SCOR SE