Life And Health Reinsurance Market Trends Include The Use Of Artificial Intelligence
Life And Health Reinsurance Global Market Report 2021: COVID 19 Impact And Recovery To 2030
The Business Research Company’s Life And Health Reinsurance Global Market Report 2021: COVID 19 Impact and Recovery to 2030
LONDON, GREATER LONDON , UK, July 14, 2021 /EINPresswire.com/ — The increasing demand for artificial intelligence in life & health reinsurance is an emerging trend in the life & health reinsurance market. According to the Reinsurance News, Swiss Re is partnering with Tencent’s WeBank to research Artificial Intelligence use in reinsurance. Swiss Re and WeBank will work collaboratively to explore the technology involvement in addressing the challenges imposed by data silos. Swiss Re is expecting the partnership to build a foundation for a new business supported by federated learning and will also encourage the reinsurance industry to adopt a new framework to improve technological capabilities.
The global life and health reinsurance market size is expected to grow from $127.29 billion in 2020 to $135.16 billion in 2021 at a compound annual growth rate (CAGR) of 6.2%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $169.27 billion in 2025 at a CAGR of 5.8%.
Read More On The Global Life And Health Reinsurance Market Report:
https://www.thebusinessresearchcompany.com/report/life-and-health-reinsurance-global-market-report
The major players covered in the global life and health reinsurance market are Swiss Reinsurance Company Ltd, Munich Re Group, Reinsurance Group of America (RGA), SCOR SE, Hannover Re, China Reinsurance Corporation, Berkshire Hathaway Re, PartnerRe Ltd., Korean Reinsurance Company, Taiping Reinsurance Co, Great West Lifeco, General Insurance Corporation of India (GIC Re), Everest Re, Axis Capital Holdings Limited, Alleghany, XL Catlin, Maiden Re, Fairfax, Mitsui Sumitomo, XL Bermuda, Transatlantic Holdings, RenaissanceRe Holdings, MS&AD Insurance Group Holdings, R+V Versicherung, Arch Capital Group, The Toa Reinsurance Company, Assicurazioni Generali.
In March 2019, RenaissanceRe, a Bermuda based reinsurance, insurance provider acquired Tokio Millennium Re AG and Tokio Millennium Re (UK) also known as TMR, a Bermuda based reinsurance company, for $1.5 billion. The acquisition is expected to accelerate strategy and enhances RenaissanceRe’s global reinsurance position, offerings, and access to attractive risk.
The life & health reinsurance market covered in this report is segmented by type into facultative reinsurance, treaty reinsurance. It is also segmented by distribution channel into direct responses, agents & brokers, banks, others, by product into life and health.
Life And Health Reinsurance Global Market Report 2021: COVID 19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides life and health reinsurance market overview, forecast life and health reinsurance market size and growth for the whole market, life and health reinsurance market segments, and geographies, life and health reinsurance market trends, life and health reinsurance market drivers, restraints, leading competitors’ revenues, profiles, and market shares.
Request For A Sample Of The Global Life And Health Reinsurance Market Report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=3675&type=smp
Here Is A List Of Similar Reports By The Business Research Company:
Reinsurance Global Market Report 2021: COVID-19 Impact and Recovery to 2030
https://www.thebusinessresearchcompany.com/report/reinsurance-global-market-report
Reinsurance Providers Global Market Report 2020-30: COVID-19 Impact and Recovery
https://www.thebusinessresearchcompany.com/report/reinsurance-providers-global-market-report-2020-30-covid-19-impact-and-recovery
Insurance, Reinsurance And Insurance Brokerage Global Market Report 2021: COVID-19 Impact and Recovery to 2030
https://www.thebusinessresearchcompany.com/report/insurance-reinsurance-and-insurance-brokerage-global-market-report
Interested to know more about The Business Research Company?
Read more about us at https://www.thebusinessresearchcompany.com/about-the-business-research-company.aspx
The Business Research Company is a market research and intelligence firm that excels in company, market, and consumer research. It has over 200 research professionals at its offices in India, the UK and the US, as well a network of trained researchers globally. It has specialist consultants in a wide range of industries including manufacturing, healthcare, financial services and technology.
Call us now for personal assistance with your purchase:
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
The Business Research Company
Email: info@tbrc.info
Follow us on LinkedIn: https://bit.ly/3b7850r
Follow us on Twitter: https://bit.ly/3b1rmjS
Check out our Blog: http://blog.tbrc.info/
Oliver Guirdham
The Business Research Company
+44 20 7193 0708
info@tbrc.info
Visit us on social media:
Facebook
Twitter
LinkedIn
You just read:
News Provided By
July 14, 2021, 16:04 GMT
EIN Presswire’s priority is source transparency. We do not allow opaque clients, and our editors try to be careful about weeding out false and misleading content. As a user, if you see something we have missed, please do bring it to our attention. Your help is welcome. EIN Presswire, Everyone’s Internet News Presswire™, tries to define some of the boundaries that are reasonable in today’s world. Please see our Editorial Guidelines for more information.