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Published: Dec, 2014 | Pages:
81 | Publisher: Timetric
Industry: Insurance | Report Format: Electronic (PDF)
Synopsis
The written premium of the US reinsurance segment increased at a compound annual growth rate (CAGR) of 3.5% during the review period (2009-2013). 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 86.1% of total reinsurance written premiums in 2013, with facultative reinsurance accounting for the remaining 13.9%. Economic improvements and projected positive growth in the insurance industry are expected to drive the reinsurance segment over the forecast period. Government increases in flood insurance rates provide opportunities for private insurers and reinsurers, which will also support growth over the forecast period (2013-2018). The segment's written premium is projected to record a CAGR of 3.5% over the forecast period. The treaty reinsurance category is expected to account for 87.5% of the total reinsurance written premium in 2018, while facultative reinsurance is expected to account for the remaining 12.5%.
Summary
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 category Key trends and drivers for the reinsurance segment US reinsurance segment's growth prospects by reinsurance ceded from direct insurance The competitive landscape in the US reinsurance segment
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 2009-2013 review period, and projected figures for the 2013-2018 forecast period. It offers a detailed analysis of the key categories in the US's reinsurance segment, along with market forecasts until 2018. It provides a detailed analysis of the reinsurance ceded from various direct insurance segments in Used 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 in the US reinsurance segment Identify the growth opportunities and market dynamics in key product categories Gain insights into key regulations governing the US insurance industry, and their impact on companies and the industry's future
Key Highlights
Reinsurance in the US grew during the review period: its written premium increased in 2013, at a review-period CAGR of 3.5% . The US reinsurance segment grew at a CAGR of 3.0% during the review period. In terms of gross written premium, treaty reinsurance accounted for 86.1% of the US reinsurance segment in 2013, while facultative reinsurance represented 13.9%. The capital structure of the US reinsurance segment is changing, with increasing supplies of alternative capital from private equity and pension funds, rather than traditional sources such as debt and equities. The National Risk Retention Association (NRRA), which became effective in July 2011, says a US reinsurer's state of domicile is the sole regulator of the reinsurer's solvency. The US government's National Flood Insurance Program (NFIP) provides flood cover for five years for flood-prone regions. Non-life insurers ceded the highest percentage of their premium to reinsurance in 2012, with 47.2%, followed by life insurers with 25.3% and personal accident and health insurers with 16.7%.
Table of Contents
1 Key Facts and Events 2 Executive Summary 3 Introduction 3.1 What is this Report About? 3.2 Definitions 3.3 Methodology 4 US Insurance Industry Attractiveness 4.1 Insurance Industry Size, 2009-2018 5 Reinsurance Growth Dynamics and Challenges 5.1 Reinsurance Segment Size, 2009-2018 5.2 Reinsurance Segment Size by Premium Ceded, 2009-2018 6 Key Industry Drivers 6.1 Reinsurance Drivers 6.2 Life Insurance Drivers 6.3 Non-Life Insurance Drivers 6.4 Personal Accident and Health Insurance Drivers 7 Competitive Landscape and Strategic Insights 7.1 Overview 7.2 Leading Companies in the US Reinsurance Segment 7.3 The Berkshire Hathaway Reinsurance Group - Company Overview 7.3.1 The Berkshire Hathaway Reinsurance Group - key facts 7.4 Lloyd's - Company Overview 7.4.1 Lloyd's - key facts 7.5 Swiss Reinsurance America Corporation - Company Overview 7.5.1 Swiss Reinsurance Company Ltd - key facts 7.6 QBE Reinsurance Corporation - Company Overview 7.6.1 QBE Reinsurance Corporation - key facts 7.7 Munich Re America, Inc. - Company Overview 7.7.1 Munich Re America, Inc. - key facts 8 Appendix - 1 8.1 Business Confidence 8.1.1 Market capitalization trend - New York Stock Exchange (NYSE) 8.2 Economic Performance 8.2.1 GDP at constant prices (US$) 8.2.2 GDP per capita at constant prices (US$) 8.2.3 GDP at current prices (US$) 8.2.4 GDP per capita at current prices (US$) 8.2.5 GDP by key sector 8.2.6 Agriculture, hunting, forestry and fishing net output at current prices (US$) 8.2.7 Agriculture, hunting, forestry and fishing net output at current prices as a percentage of GDP 8.2.8 Manufacturing net output at current prices (US$) 8.2.9 Manufacturing net output at current prices as a percentage of GDP 8.2.10 Mining, manufacturing and utilities at current prices (US$) 8.2.11 Mining, manufacturing and utilities at current prices as a percentage of GDP 8.2.12 Construction net output at current prices (US$) 8.2.13 Construction net output at current prices as a percentage of GDP 8.2.14 Inflation rate 8.2.15 Exports as a percentage of GDP 8.2.16 Imports as a percentage of GDP 8.2.17 Merchandise exports growth 8.2.18 Merchandise imports growth 8.3 Infrastructure 8.3.1 Commercial vehicle exports - total value 8.3.2 Commercial vehicle imports - total value 8.3.3 Automotive exports - total value 8.3.4 Automotive imports - total value 8.3.5 Total internet subscribers 8.4 Labor Force 8.4.1 Labor force size 8.4.2 Unemployment rate 8.5 Demographics 8.5.1 Household consumption expenditure (US$) 8.5.2 Total population 8.5.3 Urban and rural populations 8.5.4 Age distribution of the total population 8.5.5 Life expectancy 9 Appendix - 2 9.1 Methodology 9.2 Contact Timetric 9.3 About Timetric 9.4 Timetric's Services 9.5 Disclaimer
List of Tables
Table 1: US Reinsurance - Key Facts, 2013 Table 2: Insurance Industry Definitions Table 3: US Insurance Industry - Gross Written Premium by Segment (US$ Billion), 2009-2013 Table 4: US Insurance Industry - Gross Written Premium by Segment (US$ Billion), 2013-2018 Table 5: US Insurance Industry - Gross Written Premium by Segment (Percentage Share), 2009-2018 Table 6: US Insurance Industry - Direct Written Premium by Segment (US$ Billion), 2009-2013 Table 7: US Insurance Industry - Direct Written Premium by Segment (US$ Billion), 2013-2018 Table 8: US Insurance Industry - Direct Written Premium by Segment (Percentage Share), 2009-2018 Table 9: US Reinsurance - Premium Accepted by Category (US$ Billion), 2009-2013 Table 10: US Reinsurance - Premium Accepted by Category (US$ Billion), 2013-2018 Table 11: US Reinsurance - Premium Ceded by Type of Insurance (US$ Billion), 2009-2013 Table 12: US Reinsurance - Premium Ceded by Type of Insurance (US$ Billion), 2013-2018 Table 13: US Life Insurance - Percentage of Reinsurance Ceded (%), 2009-2013 Table 14: US Life Insurance - Percentage of Reinsurance Ceded (%), 2013-2018 Table 15: US Non-Life Insurance - Percentage of Reinsurance Ceded (%), 2009-2013 Table 16: US Non-Life Insurance - Percentage of Reinsurance Ceded (%), 2013-2018 Table 17: US Personal Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2009-2013 Table 18: US Personal Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2013-2018 Table 19: Key Operators in the US Reinsurance Segment, 2012 Table 20: The Berkshire Hathaway Reinsurance Group, Key Facts Table 21: Lloyd's, Key Facts Table 22: Swiss Reinsurance Company Ltd, Key Facts Table 23: QBE Reinsurance Corporation, Key Facts Table 24: Munich Re America, Inc., Key Facts
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