Global Airline Reinsurance Market Overview:
Airline reinsurance offers a diverse range of risks. Various organization’s experts use sophisticated modeling techniques to assess exposures and help clients optimize their proposed reinsurance structure. The increasing airline industry across the globe has propelled the growth of the global airline reinsurance market in the forecast period. Some of the players profiled in the study are General Insurance Corporation of India (India), AXIS Capital (Bermuda), Swiss Re (Switzerland), SCOR SE (France), Munich Re (Germany), Hannover Re (Germany), Lloyd’s (United Kingdom), Berkshire Hathaway (United States), Great-West Lifeco (Canada), Reinsurance Group of America (United States), China RE (China), Korean Re (South Korea), PartnerRe (United Kingdom), GIC Re (India), Mapfre (Spain), Alleghany Corporation (United States), Everest Re (Bermuda) and XL Catlin (United States).
On the basis of geography, the market of Airline Reinsurance has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Sales Channel, the sub-segment i.e. Direct will boost the Airline Reinsurance market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Coverage, the sub-segment i.e. Property and Casualty will boost the Airline Reinsurance market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Asset Composition, the sub-segment i.e. Debt Securities will boost the Airline Reinsurance market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers
- Increasing Airline Industry across the Globe
- Rising Adoption of Reinsurance in the Airline Service
- Fluctuating Interest Rates of Reinsurance Premium
- Stringent Regulation Laws and Policies
- Growing Awareness of Reinsurance In Emerging Countries
- Lack of Skilled Professionals
- Increasing Market competition and Availability of Substitutes
In December 2018, Renaissance Re, a provider of reinsurance, insurance, and other related business announced to acquire Tokio Millennium Re for USD 1.5 Billion which was the latest series of deals that will reshape the reinsurance sector.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Target Audience:Airline Reinsurance Providers, Research Organizations and Consulting Companies, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors, End Users and Others
Major Objectives Focused through this Study To define, describe, and forecast the Global Airline Reinsurance market on the basis of product [Facultative and Obligatory (Treaty)] , application , key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Airline Reinsurance market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Airline Reinsurance industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization: Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Players which are also part of the research are Maiden Re (Bermuda), Fairfax (Canada), Mitsui Sumitomo (Japan), Sompo Holdings, Inc. (Japan) and Tokio Marine (Japan).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Airline Reinsurance market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.