Life and Health Reinsurance Global Market Report 2024 [Yahoo! Finance]
SWISS RE LTD S/ADR (SSREY)
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Source: Yahoo! Finance
The life & health reinsurance market size is expected to see strong growth in the next few years. It will grow to $225.7 billion in 2028 at a compound annual growth rate (CAGR) of 5.2%. The anticipated growth in the forecast period can be attributed to several factors, including an increase in chronic diseases and disabilities, the impact of COVID-19, the expanding middle-class population in emerging markets, and a rise in claims in the life insurance sector. Significant trends expected in this period include the adoption of automated reinsurance platforms, the increasing applications of artificial intelligence, the use of blockchain technology, and a growing number of mergers and acquisitions in the industry. The surge in the demand for life and health insurance policies is expected to be a driving force for the life and health reinsurance industry in the forecast period. The significance of life insurance has been heightened by the COVID-19 outbreak, leading to increased demand a
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