Reinsurance in the US, Key Trends and Opportunities to 2017

Published: Mar, 2014 | Pages: 67 | Publisher: Timetric
Industry: Insurance | Report Format: Electronic (PDF)


Synopsis
The report provides in depth market analysis, information and insights into the US reinsurance segment, including:
The US reinsurance segment's growth prospects by reinsurance categories 
Key trends and drivers for the reinsurance segment  
The US reinsurance segment's growth prospects by reinsurance ceded from direct insurance segments
The competitive landscape in the US reinsurance segment  

Summary
The written premium of the US reinsurance segment increased at a compound annual growth rate (CAGR) of 1.7% during the review period (2008-2012). This growth was partially due to positive growth in the personal accident and health segment during the review period. The treaty reinsurance category accounted for 83.9% of total reinsurance written premiums in 2012, with facultative reinsurance accounting for the remaining 16.1%. Economic improvements and projected positive growth in the insurance industry are expected to drive the reinsurance segment over the forecast period. Government increases in rates for flood insurance provide opportunities for private insurers and reinsurers, which will also support growth over the forecast period (2012-2017). The treaty reinsurance category is expected to continue to account for the largest share with 82.1% of the total reinsurance written premium in 2017, while facultative reinsurance is expected to increase its share in the overall reinsurance segment to 17.9%.  
Scope
This report provides a comprehensive analysis of the reinsurance segment in the US:
It provides historical values for the US's reinsurance segment for the report's 2008-2012 review period and projected figures for the 2012-2017 forecast period.
It offers a detailed analysis of the key sub-segments in the US's reinsurance segment, along with market forecasts until 2017.
It provides a detailed analysis of the reinsurance ceded from various direct insurance segments in the US and its growth prospects.  
Reason To Buy
 Make strategic business decisions using in-depth historic and forecast market data related to the US reinsurance segment and each sector within it
Understand the demand-side dynamics, key market trends and growth opportunities within the US reinsurance segment
Identify the growth opportunities and market dynamics within key product categories
Gain insights into key regulations governing the US insurance industry and its impact on companies and the market's future 
Key Highlights
 The US reinsurance segment grew at a CAGR of 1.7% during the review period
In 2012, the treaty reinsurance category accounted for 83.9% of the total US reinsurance segment, with the remaining 16.1% contributed by facultative reinsurance. The share of the facultative category is expected to reach 17.9% by 2017
During the review period, US life insurers incurred losses due to declines in investment returns and unfavorable business and economic conditions
The segment is highly competitive and mature, with some of the world's leading reinsurers present

 1 Executive Summary
2 Introduction
2.1 What is this Report About?
2.2 Definitions
2.3 Methodology
3 US Insurance Industry Attractiveness
3.1 Insurance Industry Size, 2008-2017
3.2 Reinsurance Growth Dymics and Challenges
3.2.1 Reinsurance segment size, 2008-2017
3.2.2 Reinsurance segment size by type of insurance, 2008-2017
4 Key Industry Trends and Drivers
4.1 Fundamental Business Drivers
4.2 Life Insurance Segment Drivers
4.3 Non-Life Insurance Segment Drivers
4.4 Persol Accident and Health Insurance Segment Drivers
5 Competitive Landscape and Strategic Insights
5.1 Overview
5.2 Leading Companies in the US Reinsurance Segment
5.3 The Berkshire Hathaway Reinsurance Group - Company Overview
5.3.1 The Berkshire Hathaway Reinsurance Group - key facts
5.4 Lloyd's - Company Overview
5.4.1 Lloyd's - key facts
5.5 Swiss Reinsurance America Corporation- Company Overview
5.5.1 Swiss Reinsurance Company Ltd - key facts
5.6 QBE Reinsurance Corporation - Company Overview
5.6.1 QBE Reinsurance Corporation - key facts
5.7 Munich Re America, Inc. - Company Overview
5.7.1 Munich Re America, Inc. - key facts
6 Business Environment and Country Risk
6.1 Business Confidence
6.1.1 Market capitalization trend - New York Stock Exchange (NYSE)
6.2 Economic Performance
6.2.1 GDP at constant prices (US$)
6.2.2 GDP per capita at constant prices (US$)
6.2.3 GDP at current prices (US$)
6.2.4 GDP per capita at current prices (US$)
6.2.5 Inflation rate
6.2.6 Merchandise exports as a percentage of GDP
6.2.7 Merchandise Imports as a percentage of GDP
6.2.8 Merchandise exports growth
6.2.9 Merchandise imports growth
6.3 Infrastructure
6.3.1 Commercial vehicle exports - total value
6.3.2 Commercial vehicle imports - total value
6.3.3 Automotive exports - total value
6.3.4 Automotive imports - total value
6.3.5 Total internet subscribers
6.4 Labor Force
6.4.1 Labor force
6.4.2 Unemployment rate
6.5 Demographics
6.5.1 Household consumption expenditure (US$)
6.5.2 Total population
6.5.3 Urban and rural populations
6.5.4 Age distribution of the total population
7 Appendix
7.1 Methodology
7.2 Contact Timetric
7.3 About Timetric
7.4 Timetric's Services
7.5 Disclaimer


List of Tables
Table 1: Insurance Industry Definitions
Table 2: US Insurance - Overall Written Premium by Segment (US$ Billion), 2008-2012
Table 3: US Insurance - Overall Written Premium by Segment (US$ Billion), 2012-2017
Table 4: US Insurance - Segmentation (% Share), 2008-2017
Table 5: Reinsurance in the US by Category (US$ Billion), 2008-2012
Table 6: Reinsurance in the US by Category (US$ Billion), 2012-2017
Table 7: US Premium Ceded to Reinsurance by Type of Insurance (US$ Billion), 2008-2012
Table 8: US Premium Ceded to Reinsurance by Type of Insurance (US$ Billion), 2012-2017
Table 9: US Life Insurance - Percentage of Reinsurance Ceded (%), 2008-2012
Table 10: US Life Insurance - Percentage of Reinsurance Ceded (%), 2012-2017
Table 11: US Non-Life Insurance - Percentage of Reinsurance Ceded, 2008-2012
Table 12: US Non-Life Insurance - Percentage of Reinsurance Ceded, 2012-2017
Table 13: US Persol Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2008-2012
Table 14: US Persol Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2012-2017
Table 15: Key Operators in the US Reinsurance Segment, 2012
Table 16: The Berkshire Hathaway Reinsurance Group, Key Facts
Table 17: Lloyd's, Key Facts
Table 18: Swiss Reinsurance Company Ltd, Key Facts
Table 19: QBE Reinsurance Corporation, Key Facts
Table 20: Munich Re America, Inc., Key Facts