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Reinsurance, also known as insurance for insurers or stop-loss insurance, is the practice of insurers transferring portions of risk portfolios to other parties by some form of agreement to reduce the likelihood of paying a large obligation resulting from an insurance claim. The party that diversifies its insurance portfolio is known as the ceding party. The party that accepts a portion of the potential obligation in exchange for a share of the insurance premium is known as the reinsurer.
Reinsurance allows insurers to remain solvent by recovering some or all of amounts paid to claimants. Reinsurance reduces net liability on individual risks and catastrophe protection from large or multiple losses. It also provides ceding companies the capacity to increase their underwriting capabilities in terms of the number and size of risks.
By covering the insurer against accumulated individual commitments, reinsurance gives the insurer more security for its equity and solvency and more stable results when unusual and major events occur. Insurers may underwrite policies covering a larger quantity or volume of risks without excessively raising administrative costs to cover their solvency margins. In addition, reinsurance makes substantial liquid assets available for insurers in case of exceptional losses.
Marine insurance covers the loss or damage of ships, cargo, terminals, and any transport by which the property is transferred, acquired, or held between the points of origin and the final destination. Cargo insurance is the sub-branch of marine insurance, though Marine insurance also includes Onshore and Offshore exposed property, (container terminals, ports, oil platforms, pipelines), Hull, Marine Casualty, and Marine Liability.
Scope of the Report:
The global Marine Reinsurance market is valued at xx million USD in 2018 and is expected to reach xx million USD by the end of 2024, growing at a CAGR of xx% between 2019 and 2024.
The Asia-Pacific will occupy for more market share in following years, especially in China, also fast growing India and Southeast Asia regions.
North America, especially The United States, will still play an important role which cannot be ignored. Any changes from United States might affect the development trend of Marine Reinsurance.
Europe also play important roles in global market, with market size of xx million USD in 2019 and will be xx million USD in 2024, with a CAGR of xx%.
This report studies the Marine Reinsurance market status and outlook of Global and major regions, from angles of players, countries, product types and end industries; this report analyzes the top players in global market, and splits the Marine Reinsurance market by product type and applications/end industries.
Market Segment by Companies, this report covers
Swiss Re
Munich Re
AXA XL
Hannover Re
Lloyd’s
Berkshire Hathaway
RGA
China RE
Korean Re
PartnerRe
GIC Re
Mapfre
Alleghany
Everest Re
Maiden Re
Fairfax
AXIS
Mitsui Sumitomo
Sompo
Tokio Marine
Market Segment by Regions, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers
Proportional Reinsurance
Non-proportional Reinsurance
Market Segment by Applications, can be divided into
Cargo
Hull and Machinery
Offshore Energy
Inland Marine
Marine War
Others
The base year for the study has been considered 2019, historic year 2014 and 2018, the forecast period considered is from 2020 to 2027. The regions analyzed for the market include North America, Europe, South America, Asia Pacific, and Middle East and Africa. These regions are further analyzed at the country-level. The study also includes attractiveness analysis of type, application and regions which are benchmarked based on their market size, growth rate and attractiveness in terms of present and future opportunity for understanding the future growth of the market.
Market is segmented on the basis:
The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The report emphasizes on all the key trends that play a vital role in the enlargement of the market from 2019 to 2026.
The report provides company profile of the key players operating in the market and a comparative analysis based on their business overviews industry offering, segment market share, regional presence, business strategies, innovations, mergers & acquisitions, recent developments, joint venture, collaborations, partnerships, SWOT analysis, and key financial information.
Table of Contents
1 Marine Reinsurance Market Overview
1.1 Product Overview and Scope of Marine Reinsurance
1.2 Classification of Marine Reinsurance by Types
1.2.1 Global Marine Reinsurance Revenue Comparison by Types (2019-2024)
1.2.2 Global Marine Reinsurance Revenue Market Share by Types in 2018
1.2.3 Proportional Reinsurance
1.2.4 Non-proportional Reinsurance
1.3 Global Marine Reinsurance Market by Application
1.3.1 Global Marine Reinsurance Market Size and Market Share Comparison by Applications (2014-2024)
1.3.2 Cargo
1.3.3 Hull and Machinery
1.3.4 Offshore Energy
1.3.5 Inland Marine
1.3.6 Marine War
1.3.7 Others
1.4 Global Marine Reinsurance Market by Regions
1.4.1 Global Marine Reinsurance Market Size (Million USD) Comparison by Regions (2014-2024)
1.4.1 North America (USA, Canada and Mexico) Marine Reinsurance Status and Prospect (2014-2024)
1.4.2 Europe (Germany, France, UK, Russia and Italy) Marine Reinsurance Status and Prospect (2014-2024)
1.4.3 Asia-Pacific (China, Japan, Korea, India and Southeast Asia) Marine Reinsurance Status and Prospect (2014-2024)
1.4.4 South America (Brazil, Argentina, Colombia) Marine Reinsurance Status and Prospect (2014-2024)
1.4.5 Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa) Marine Reinsurance Status and Prospect (2014-2024)
1.5 Global Market Size of Marine Reinsurance (2014-2024)
2 Manufacturers Profiles
2.1 Swiss Re
2.1.1 Business Overview
2.1.2 Marine Reinsurance Type and Applications
2.1.2.1 Product A
2.1.2.2 Product B
2.1.3 Swiss Re Marine Reinsurance Revenue, Gross Margin and Market Share (2017-2018)
2.2 Munich Re
2.2.1 Business Overview
2.2.2 Marine Reinsurance Type and Applications
2.2.2.1 Product A
2.2.2.2 Product B
2.2.3 Munich Re Marine Reinsurance Revenue, Gross Margin and Market Share (2017-2018)
2.3 AXA XL
2.3.1 Business Overview
2.3.2 Marine Reinsurance Type and Applications
2.3.2.1 Product A
2.3.2.2 Product B
2.3.3 AXA XL Marine Reinsurance Revenue, Gross Margin and Market Share (2017-2018)
2.4 Hannover Re
2.4.1 Business Overview
2.4.2 Marine Reinsurance Type and Applications
2.4.2.1 Product A
2.4.2.2 Product B
2.4.3 Hannover Re Marine Reinsurance Revenue, Gross Margin and Market Share (2017-2018)
2.5 Lloyd’s
2.5.1 Business Overview
2.5.2 Marine Reinsurance Type and Applications
2.5.2.1 Product A
2.5.2.2 Product B
2.5.3 Lloyd’s Marine Reinsurance Revenue, Gross Margin and Market Share (2017-2018)
2.6 Berkshire Hathaway
2.6.1 Business Overview
2.6.2 Marine Reinsurance Type and Applications
2.6.2.1 Product A
2.6.2.2 Product B
2.6.3 Berkshire Hathaway Marine Reinsurance Revenue, Gross Margin and Market Share (2017-2018)
2.7 RGA
2.7.1 Business Overview
2.7.2 Marine Reinsurance Type and Applications
2.7.2.1 Product A
2.7.2.2 Product B
2.7.3 RGA Marine Reinsurance Revenue, Gross Margin and Market Share (2017-2018)
2.8 China RE
2.8.1 Business Overview
2.8.2 Marine Reinsurance Type and Applications
2.8.2.1 Product A
2.8.2.2 Product B
2.8.3 China RE Marine Reinsurance Revenue, Gross Margin and Market Share (2017-2018)
2.9 Korean Re
2.9.1 Business Overview
2.9.2 Marine Reinsurance Type and Applications
2.9.2.1 Product A
2.9.2.2 Product B
2.9.3 Korean Re Marine Reinsurance Revenue, Gross Margin and Market Share (2017-2018)
2.10 PartnerRe
2.10.1 Business Overview
2.10.2 Marine Reinsurance Type and Applications
2.10.2.1 Product A
2.10.2.2 Product B
2.10.3 PartnerRe Marine Reinsurance Revenue, Gross Margin and Market Share (2017-2018)
2.11 GIC Re
2.11.1 Business Overview
2.11.2 Marine Reinsurance Type and Applications
2.11.2.1 Product A
2.11.2.2 Product B
2.11.3 GIC Re Marine Reinsurance Revenue, Gross Margin and Market Share (2017-2018)
2.12 Mapfre
2.12.1 Business Overview
2.12.2 Marine Reinsurance Type and Applications
2.12.2.1 Product A
2.12.2.2 Product B
2.12.3 Mapfre Marine Reinsurance Revenue, Gross Margin and Market Share (2017-2018)
2.13 Alleghany
2.13.1 Business Overview
2.13.2 Marine Reinsurance Type and Applications
2.13.2.1 Product A
2.13.2.2 Product B
2.13.3 Alleghany Marine Reinsurance Revenue, Gross Margin and Market Share (2017-2018)
2.14 Everest Re
2.14.1 Business Overview
2.14.2 Marine Reinsurance Type and Applications
2.14.2.1 Product A
2.14.2.2 Product B
2.14.3 Everest Re Marine Reinsurance Revenue, Gross Margin and Market Share (2017-2018)
2.15 Maiden Re
2.15.1 Business Overview
2.15.2 Marine Reinsurance Type and Applications
2.15.2.1 Product A
2.15.2.2 Product B
2.15.3 Maiden Re Marine Reinsurance Revenue, Gross Margin and Market Share (2017-2018)
2.16 Fairfax
2.16.1 Business Overview
2.16.2 Marine Reinsurance Type and Applications
2.16.2.1 Product A
2.16.2.2 Product B
2.16.3 Fairfax Marine Reinsurance Revenue, Gross Margin and Market Share (2017-2018)
2.17 AXIS
2.17.1 Business Overview
2.17.2 Marine Reinsurance Type and Applications
2.17.2.1 Product A
2.17.2.2 Product B
2.17.3 AXIS Marine Reinsurance Revenue, Gross Margin and Market Share (2017-2018)
2.18 Mitsui Sumitomo
2.18.1 Business Overview
2.18.2 Marine Reinsurance Type and Applications
2.18.2.1 Product A
2.18.2.2 Product B
2.18.3 Mitsui Sumitomo Marine Reinsurance Revenue, Gross Margin and Market Share (2017-2018)
2.19 Sompo
2.19.1 Business Overview
2.19.2 Marine Reinsurance Type and Applications
2.19.2.1 Product A
2.19.2.2 Product B
2.19.3 Sompo Marine Reinsurance Revenue, Gross Margin and Market Share (2017-2018)
2.20 Tokio Marine
2.20.1 Business Overview
2.20.2 Marine Reinsurance Type and Applications
2.20.2.1 Product A
2.20.2.2 Product B
2.20.3 Tokio Marine Marine Reinsurance Revenue, Gross Margin and Market Share (2017-2018)
3 Global Marine Reinsurance Market Competition, by Players
3.1 Global Marine Reinsurance Revenue and Share by Players (2014-2019)
3.2 Market Concentration Rate
3.2.1 Top 5 Marine Reinsurance Players Market Share
3.2.2 Top 10 Marine Reinsurance Players Market Share
3.3 Market Competition Trend
4 Global Marine Reinsurance Market Size by Regions
4.1 Global Marine Reinsurance Revenue and Market Share by Regions
4.2 North America Marine Reinsurance Revenue and Growth Rate (2014-2019)
4.3 Europe Marine Reinsurance Revenue and Growth Rate (2014-2019)
4.4 Asia-Pacific Marine Reinsurance Revenue and Growth Rate (2014-2019)
4.5 South America Marine Reinsurance Revenue and Growth Rate (2014-2019)
4.6 Middle East and Africa Marine Reinsurance Revenue and Growth Rate (2014-2019)
5 North America Marine Reinsurance Revenue by Countries
5.1 North America Marine Reinsurance Revenue by Countries (2014-2019)
5.2 USA Marine Reinsurance Revenue and Growth Rate (2014-2019)
5.3 Canada Marine Reinsurance Revenue and Growth Rate (2014-2019)
5.4 Mexico Marine Reinsurance Revenue and Growth Rate (2014-2019)
6 Europe Marine Reinsurance Revenue by Countries
6.1 Europe Marine Reinsurance Revenue by Countries (2014-2019)
6.2 Germany Marine Reinsurance Revenue and Growth Rate (2014-2019)
6.3 UK Marine Reinsurance Revenue and Growth Rate (2014-2019)
6.4 France Marine Reinsurance Revenue and Growth Rate (2014-2019)
6.5 Russia Marine Reinsurance Revenue and Growth Rate (2014-2019)
6.6 Italy Marine Reinsurance Revenue and Growth Rate (2014-2019)
7 Asia-Pacific Marine Reinsurance Revenue by Countries
7.1 Asia-Pacific Marine Reinsurance Revenue by Countries (2014-2019)
7.2 China Marine Reinsurance Revenue and Growth Rate (2014-2019)
7.3 Japan Marine Reinsurance Revenue and Growth Rate (2014-2019)
7.4 Korea Marine Reinsurance Revenue and Growth Rate (2014-2019)
7.5 India Marine Reinsurance Revenue and Growth Rate (2014-2019)
7.6 Southeast Asia Marine Reinsurance Revenue and Growth Rate (2014-2019)
8 South America Marine Reinsurance Revenue by Countries
8.1 South America Marine Reinsurance Revenue by Countries (2014-2019)
8.2 Brazil Marine Reinsurance Revenue and Growth Rate (2014-2019)
8.3 Argentina Marine Reinsurance Revenue and Growth Rate (2014-2019)
8.4 Colombia Marine Reinsurance Revenue and Growth Rate (2014-2019)
9 Middle East and Africa Revenue Marine Reinsurance by Countries
9.1 Middle East and Africa Marine Reinsurance Revenue by Countries (2014-2019)
9.2 Saudi Arabia Marine Reinsurance Revenue and Growth Rate (2014-2019)
9.3 UAE Marine Reinsurance Revenue and Growth Rate (2014-2019)
9.4 Egypt Marine Reinsurance Revenue and Growth Rate (2014-2019)
9.5 Nigeria Marine Reinsurance Revenue and Growth Rate (2014-2019)
9.6 South Africa Marine Reinsurance Revenue and Growth Rate (2014-2019)
10 Global Marine Reinsurance Market Segment by Type
10.1 Global Marine Reinsurance Revenue and Market Share by Type (2014-2019)
10.2 Global Marine Reinsurance Market Forecast by Type (2019-2024)
10.3 Proportional Reinsurance Revenue Growth Rate (2014-2024)
10.4 Non-proportional Reinsurance Revenue Growth Rate (2014-2024)
11 Global Marine Reinsurance Market Segment by Application
11.1 Global Marine Reinsurance Revenue Market Share by Application (2014-2019)
11.2 Marine Reinsurance Market Forecast by Application (2019-2024)
11.3 Cargo Revenue Growth (2014-2019)
11.4 Hull and Machinery Revenue Growth (2014-2019)
11.5 Offshore Energy Revenue Growth (2014-2019)
11.6 Inland Marine Revenue Growth (2014-2019)
11.7 Marine War Revenue Growth (2014-2019)
11.8 Others Revenue Growth (2014-2019)
12 Global Marine Reinsurance Market Size Forecast (2019-2024)
12.1 Global Marine Reinsurance Market Size Forecast (2019-2024)
12.2 Global Marine Reinsurance Market Forecast by Regions (2019-2024)
12.3 North America Marine Reinsurance Revenue Market Forecast (2019-2024)
12.4 Europe Marine Reinsurance Revenue Market Forecast (2019-2024)
12.5 Asia-Pacific Marine Reinsurance Revenue Market Forecast (2019-2024)
12.6 South America Marine Reinsurance Revenue Market Forecast (2019-2024)
12.7 Middle East and Africa Marine Reinsurance Revenue Market Forecast (2019-2024)
13 Research Findings and Conclusion
14 Appendix
14.1 Methodology
14.2 Data Source
List of Tables and Figures
Figure Marine Reinsurance Picture
Table Product Specifications of Marine Reinsurance
Table Global Marine Reinsurance and Revenue (Million USD) Market Split by Product Type<
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