First Research US Industry Profile

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Reinsurance Carriers
SIC Codes: 6311
NAICS Codes: 524130
Last Quarterly Update: 5/2/2022
Companies in this industry provide insurance to other insurance companies to assume the risk on existing policies as a hedge against catastrophic loss. Major companies include Everest Re, Reinsurance Group of America, and TransRe (all based in the US), as well as Munich Re (Germany), SCOR (France), and Swiss Re (Switzerland).
The global reinsurance industry generated annual revenue of about $26 billion in 2019, according to Research Reports World. Demand for insurance, and therefore reinsurance, has increased in the last few years, driving global expansion of the insurance business.
The US reinsurance carriers industry includes about 400 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $70 billion.
Competitive Landscape
Demand is driven by the volume of insurance policies written and the size of insurance companies' risk portfolios. The profitability of individual companies depends on the ability to balance premium and investment income against claim payouts. Large companies have advantages in serving customers in diverse geographic areas and product categories. Smaller companies can compete effectively by providing coverage for specialized insurance markets. The US industry is highly concentrated: the 50 largest firms account for nearly 100% of revenue.
Consolidation has intensified competitive pressure in the industry, as larger players are better able to offer broader and more diversified coverage. Reinsurance firms also competition from financial service providers that provide alternatives to traditional reinsurance backed by alternative capital sources.
Products, Operations & Technology
Reinsurance companies typically assume all or part of the risk associated with property/casualty, medical, life, and other types of insurance policies ... plus:
Sales & Marketing
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Finance & Regulation
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Regional & International Issues
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Human Resources
Also includes the following chapters:
Quarterly Industry Update
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Industry Indicators
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Business Challenges
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Trends and Opportunities
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Call Preparation Questions
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Financial Information
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Industry Forecast
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Industry Websites
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Glossary of Acronyms

Historical Profiles (PDF format)

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02/11/2019
11/05/2018
08/06/2018
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10/31/2016
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