Asia Pacific Reinsurance Market Outlook To 2015 The Next Destination For Foreign Reinsurer
Aarkstore announce a new report "Asia Pacific Reinsurance Market Outlook to 2015
The Next Destination for Foreign Reinsurer " through its vast collection of market research report.Executive Summary
The Report titled Asia Pacific Reinsurance Market Outlook to 2015 The Next Destination for Foreign Reinsurer provides an in-depth analysis of the Asia Pacific reinsurance industry. The report covers specific insights on the market size and segmentation, drivers and restraints, recent trends and developments and future outlook of the reinsurance industry globally and in Asia Pacific region. The report also entails the market size on the basis of net reinsurance premium written and market share of various companies in different countries such as Japan, China, Japan, Korea, India and Australia. Overall, the report offers a comprehensive analysis of the entire reinsurance industry in the Asia Pacific region.
The global reinsurance industry was valued at USD ~ million in terms of gross premium written in 2009. The market is expected to grow at a CAGR of ~% from 2010-2015, to reach USD ~ million in 2015. Net premium written increased from USD ~ million in 2001 to USD ~ million in 2009. It is expected to grow at a CAGR of ~% from 2010-2015 to reach USD ~ million by 2015.
With a market share close to ~%, Europe was the market leader on the basis of global net reinsurance premium written in 2009. North America with a share of ~% was the second largest region followed by the Asia Pacific region with a share of ~%. Rest of the World (ROW) also had a small share of ~%.
Reinsurance Industry in Asia Pacific
The reinsurance market in Asia Pacific was valued at USD ~ million in 2009, accounting for nearly ~% of the global reinsurance market. It is expected that the market will reach to USD ~ million by 2015, growing at an expected 6 year compound annual growth rate (CAGR) from 2010 to 2015 of ~%.
Japan and China are the dominant markets of Asia Pacific which accounted for over ~% of the net premium written in the region in 2009. Korea is ranked ~ which accounted for nearly ~%, followed by India with market share of ~%.
Japan
Japan is the largest market of Asia Pacific region which was valued at USD ~ million in 2009. The market is expected to close the year 2010 at USD ~ million and reach USD ~ million by 2013 and USD ~ million by 2015.
Tokio is the market leader in non-life reinsurance segment in Japan, accounting for ~% of the total net premium written in the market. The company is immediately followed by Sampo with ~% market share and Mitsui Sumitomo with ~% market share.
China
The market is currently valued at USD ~ million which expected to grow by ~% in 2010 to reach USD ~ million. In the long run, the market is set to achieve tremendous growth to reach USD ~ million in 2013 and USD ~ million in 2015.
China reinsurance is the second largest market in Asia Pacific region, dominated by the state owned China Reinsurance Group writing USD ~ million (representing ~% market share) out of the total writings of USD ~ million in 2009. Other players in China include Huatai Insurance Company of China and PingAn Property and Casualty Insurance Company which accounts for the rest ~% market share.
Korea
The reinsurance market was worth USD ~ million in 2009 which is expected to grow by ~% to reach USD ~ million in 2010. Overall, with an expected 6 year CAGR from 2010 to 2015 of ~%, the industry is expected to reach USD ~ million by 2012 and USD ~ million by 2015.
Korean reinsurance market is dominated by one player i.e. Korean Reinsurance Company commanding a market share of approximately ~%. Other players in the market include Dongbu Insurance Company, Samsung F&M, Hyundai M&F and others.
India
Reinsurance market in India was valued at USD ~ million in 2009 which is expected to grow at a phenomenal growth rate of ~% to reach USD ~ million by 2015.
Indian reinsurance industry is highly concentrated dominated by only local player, General Insurance Company with ~% market share. Players such as Hiscox have entered into partnership with local insurers who are offering the reinsurance protection but do not have the expertise in house.
Australia
The Australian reinsurance market was valued at USD ~ million in 2009, up ~% as compared to USD ~ million in 2008. It is expected to reach USD ~ million by 2013 and USD ~ million by 2015, growing at an expected 6 year CAGR from 2010 to 2015 of ~%.
Australian reinsurance is a highly concentrated market with the top 2 players commanding a market share of over ~% (Swiss Life Re with the market share of ~% and Hannover Life Re with the market share of ~%).
For more information, please visit:
http://www.aarkstore.com/reports/Asia-Pacific-Reinsurance-Market-Outlook-to-2015-The-Next-Destination-for-Foreign-Reinsurer-90850.html
Or email us at press@aarkstore.com or call +919272852585
by: Aarkstore Enterprise Do You Need Burial Insurance? North America Reinsurance Market Outlook To 2015 Entering Into The Stability Phase Some Pointers To Choose The Right Truck Insurance Company Things You Need To Consider With Truck Insurance Great Combinations For Truck Insurance Truck Insurance For Everyone Do Not Procrastinate When It Comes To Truck Insurance How Does Death Insurance Work? Ifrs 4 : The Insurance Contracts Common Insurance Schemes: A Know-How Collecting Moving And Insurance Quotes Contribute Find The Reliable Company Getting Dump Truck Insurance With The Best Provider In California 1-800-513-3135 An Insurance Coverage Story Which Has A Difference