Asia Pacific: reinsurance market forecast for 2029

According to GlobalData, the reinsurance market in the Asia-Pacific region is projected to grow at an average annual rate of 4.8% over the next five years.

Premiums are expected to rise from 54 billion USD in 2024 to 68.4 billion USD in 2029.

The sector's development is likely to be driven by strong growth in some of the region's insurance markets, by reinsurers' interest in covering more risks, and by regulatory developments.