Life Reinsurance Market to Reach $731.2 billion, Globally, by 2032 at 12.5% CAGR: Allied Market Research [Yahoo! Finance]
HANNOVER RE SE S/ADR (HVRRY)
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Source: Yahoo! Finance
WILMINGTON, Del. Dec. 1, 2023 /PRNewswire/ -- Allied Market Research published a report, titled, Life Reinsurance Market by Type (Facultative Reinsurance, and Treaty Reinsurance) and Product Offering (Mortality Solutions, Morbidity Solutions, Longevity Solutions, and Others): Global Opportunity Analysis and Industry Forecast, 2022-2032". According to the report, the global life reinsurance industry generated $230.7 billion in 2022, and is anticipated to generate $731.2 billion by 2032, witnessing a CAGR of 12.5% from 2023 to 2032. Prime determinants of growth The life reinsurance market has grown owing to the increasing claims in the life insurance sector. In addition, growth in focus on insurers to stabilize losses by limiting risks and expansion of insuring capacity is fueling the growth of the market. However, the high cost of life reinsurance policy restrains the growth of the market. On the contrary, technological advancement to perform efficiently and increasing awareness a
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