Global Life Reinsurance Premiums Are Growing: Moody's
Life and annuity reinsurance accounts for only about one-third of the reinsurance market.
The 24 life reinsurers that Moody’s Investors Services tracks reported collecting $95 billion in life and annuity reinsurance premium revenue in 2018.
That’s up 6.2% from the total for those same company’s in 2017.
(Related: U.S. Insurers Reinsure 29% of New Individual Life Risk: Munich Re)
The property and casualty reinsurers Moody’s tracks reported $181 billion in P&C reinsurance premium revenue, up 5.3%.
A Moody’s team led by Brendan Holmes prepared the reinsurance table for a global reinsurance market review.
The team did not include premium rankings for the new, alternative capital-backed reinsurers, such as Athene.
Life reinsurance accounted for 34.5% of the reinsurance premiums included in the Moody’s report table for 2018, up from 34.3% in 2017.
Resources
A link to the Moody’s reinsurance report, which is behind a paywall, is available here.
— Read Reinsurance Levels Slumped In 2007, Survey Finds, on ThinkAdvisor.
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