Asia Pacific Reinsurance Market Outlook: Edition 2012 - Propelling Short-tailed Reinsurance Investme
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Asia Pacific Reinsurance Market Outlook: Edition 2012 - Propelling Short-tailed Reinsurance Investments Bharatbook.com introduces a report " Asia Pacific Reinsurance Market Outlook: Edition 2012 " this report covers the reinsurance market of countries such as Japan, China, Korea, India, Australia, Singapore, Taiwan and Thailand. The report titled “Asia Pacific Reinsurance Market Outlook: Edition 2012 - Propelling Short-tailed Reinsurance Investments” focuses on the various aspects of the reinsurance market in Asia Pacific region. The report covers the reinsurance market of countries such as Japan, China, Korea, India, Australia, Singapore, Taiwan and Thailand. The report also provides the Global reinsurance market sentiments with a focus on the market size of nonlife and life reinsurance segments along with competitive landscape of the major players operating in the industry. The global reinsurance industry is majorly held by the non-life reinsurance segment contributing around ~% of the total net premium written in 2011. The contribution of the non-life reinsurance have increased from ~% in 2008 to ~% in 2010 on account of rising insurance coverage for immovable and moveable property. The reinsurance industry has achieved satisfactory capital levels close to an all time high in 2010, following which, there was anticipation in the rise in the reinsurance prices and the profitability of the industry. However, in the year 2010, the industry suffered 9 catastrophe events, including the earthquake in Haiti and Chile which resulted in huge loss of around USD ~ billion. Munich Reinsurance Co. is the largest reinsurer in the world accounting for ~% of the global reinsurance net premium in 2011. http://www.bharatbook.com/market-researchreports/insurance-market-research-report/asia-pacific-reinsurance-market-outlook-edition2012-propelling-short-tailed-reinsurance-investments.html Asia Pacific accounted for ~% of the global reinsurance net premium in 2011. The reinsurance market for Japan and China accounted for approximately ~% in 2011. The market is driven by the upcoming economies of China and India, whereas Japan and Australia are considered as saturated markets. The average reinsurance rates in the property/casualty sector increased by 15-20% between 2005 and 2010, in the upcoming regions of Asia. Market Analysis It is been expected by the reinsurers that a shortfall in the capacity in the retrocession market in the future will cause the market to harden, but the reinsurance market pricing will also depend on the available reinsurance capacity and the bargaining power of the insurers in the region. The reinsurance market in Japan is the largest market in the Asia Pacific region valued at USD ~ million in 2011. In 2009, the reinsurance net premium written declined by ~% to USD ~ million from USD ~ million in 2008. This was primarily due to the slowdown of the global economy which resulted into a conservative approach of the cedars towards reinsurance.
The reinsurance market in China is dominated by the state owned reinsurance company, China Reinsurance Group Corporation. The company contributed around ~% of the total reinsurance net premium written in China in 2011. The net reinsurance premium written in China is estimated to be USD ~ million in 2012 given the expected market conditions. The market in India has grown at a CAGR of 7% from the period 2008-2011. In 2011, the reinsurance net premium written grew by ~% to USD ~ million as compared to USD ~ million in 2008. The market in India is concentrated and is dominated by GIC Re. There are several foreign reinsurers such as Munich Re, Swiss Re, Hannover Re and others which have marked their presence in India. For more information kindly visit : Asia Pacific Reinsurance Market Outlook: Edition 2012 - Propelling Short-tailed Reinsurance Investments Or Bharat Book Bureau Tel: +91 22 27810772 / 27810773 Fax: + 91 22 27812290 Email: email@example.com Website: www.bharatbook.com Follow us on twitter: http://twitter.com/#!/Sandhya3B Asia Pacific, Reinsurance, Finance, Banking, Premium, Market Research Reports
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Description:Bharatbook.com introduces a report " Asia Pacific Reinsurance Market Outlook: Edition 2012 " this report covers the reinsurance market of countries such as Japan, China, Korea, India, Australia, Singapore, Taiwan and Thailand.