Reinsurance Market Expected to Reach US$ 364.59 Bn by 2026
According to a new market report published by Transparency Market Research titled “ Reinsurance Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018 – 2026,” the global reinsurance market was valued at US$ 241.14 Bn in 2017 and is expected to expand at a CAGR of 4.7% from 2018 to 2026, reaching a value of US$ 364.59 Bn by the end of the forecast period. According to the report, North America was a significant contributor to the reinsurance market in terms of revenue in 2017. The prominent market share of the region is due to the favorable regulatory environment and growth in property catastrophe protection in the reinsurance market across the region, especially in the U.S. and Canada. Favorable regulatory environment and growth in property catastrophe protection driving the global reinsurance market The global reinsurance market is currently driven by a favorable regulatory environment. Growing focus on sustainable growth has led to the relaxatio...