Reinsurance Industry 2017 Forecasts: Turkey, UK, Mexico & Argentina Market Analysis in New Research Reports at ReportsnReports.com
Dallas, Texas (PRWEB) August 28, 2013 -- The Turkish reinsurance segment is small yet competitive. Led by strong growth in the overall insurance industry and an increasing level of risk awareness due to the rising frequency of natural disasters, the segment increased from TRY0.8 billion (US$0.7 billion) in 2008 to TRY1.1 billion (US$0.6 billion) in 2012, at a review-period CAGR of 5.5%. Apart from one local reinsurance company (Milli Re), international insurers such as Munich Re, Swiss Re and Lloyd’s cater to the reinsurance needs of the Turkish industry. Milli Re derived 76% of its total gross written premium from domestic business in 2012. Over the forecast period, the stable macroeconomic fundamentals and the tightening of regulations will have a positive effect on the reinsurance segment. Industry growth is expected to drive the reinsurance segment over the forecast period.
Turkey Reinsurance Market report available at http://www.reportsnreports.com/reports/267662-reinsurance-in-turkey-key-trends-and-opportunities-to-2017.html .
The UK reinsurance segment declined during the review period (2008−2012) on account of the financial crisis, which led to a double digit decline in the segment in 2009. Following the crisis, the segment posted respective annual growth rates of 2.0%, 2.7% and 1.9% in 2010, 2011 and 2012. This was due to the increasing costs of reinsurance and the market’s gradual consolidation, which enabled reinsurers to better manage their capital requirements and risk. The segment is expected to grow moderately at a review-period CAGR of 2.6%.
UK Reinsurance Market report available at http://www.reportsnreports.com/reports/267670-reinsurance-in-the-united-kingdom-key-trends-and-opportunities-to-2017.html .
Mexico is the largest property and casualty reinsurance market in the Latin American region and over two-thirds of total non-motor and non-life business is ceded to overseas reinsurance providers. Aside from the growing conventional insurance industry, the key drivers for the reinsurance segment are the country’s exposure to natural disasters, favorable regulations in terms of risk retention, the presence of large government and corporate risks, an increasing number of overseas participants and a lack of limits imposed on inter-group cession.
Mexico Reinsurance Market report available at http://www.reportsnreports.com/reports/267468-reinsurance-in-mexico-key-trends-and-opportunities-to-2017.html .
The Argentine reinsurance segment registered robust annual growth rates of 95.5% during 2008–2012. The treaty reinsurance category accounted for 74.6% of the total reinsurance written premiums in 2012, followed by the facultative reinsurance category with the remaining 25.4%. Growth in the segment was partly due to improvements in the real estate industry and investment levels across the country. This was supported by the reinsurance ceded for large infrastructure projects and natural disaster protection in the country.
Argentina Reinsurance Market report available at http://www.reportsnreports.com/reports/267666-reinsurance-in-argentina-key-trends-and-opportunities-to-2017.html .
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