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While the overall market’s growth does not exceed 6.52%, the top five report a 19.94% increase, three times as fast as that of the entire market. The top twenty reinsurers combined report an 18.95% growth, that is less than the top five.
Beyond the twenty-first ranking, progression for the remaining reinsurers is negative, set at -53.46%. For these reinsurers the written premiums have clearly decreased in a single year.
With the exception of Swiss Re and transatlantic Holdings, which recorded a decrease in their premiums’ volume between2016 and 2017, all reinsurers involved in our study achieved a growth in their premiums’ collection.
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Premiums’ evolution of the main reinsurers between 2013 and 2017
In millions USD
| 2013 | 2014 | 2015 | 2016 | 2017 | 2016/2017 evolution | 2013/2017 evolution | |
|---|---|---|---|---|---|---|---|
Premiums of the top 5 | 117 326 | 111 989 | 114 777 | 113 286 | 135 877 | 19.94% | 15.81% |
Premiums of the top 10 | 155 065 | 149 187 | 152 173 | 154 197 | 185 864 | 20.54% | 19.86% |
Premiums of the top 20 | 187 028 | 181 276 | 184 799 | 190 517 | 226 626 | 18.95% | 21.17% |
Rest of the market | 52 972 | 63 724 | 55 201 | 39 483 | 18 374 | -53.46% | -65.31% |
Global premiums | 240 000 | 245 000 | 240 000 | 230 000 | 245 000 | 6.52% | 2.08% |
Evolution of the main reinsurers’ share between 2013 and 2017
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
% of the top 5 | 48.8 | 46 | 47.8 | 49.5 | 55.5 |
% of the top 10 | 64.6 | 61 | 63.5 | 67 | 75.5 |
% of the top 20 | 78 | 74 | 77 | 82.8 | 92.5 |
Main evolutions of reinsurers between 2016 and 2017
At the end of 2017, on the top of the table, there are the five major groups. Munich Re regains the lead it had lost in 2016 and Swiss Re ranks second position after having sustained a 2.38% decrease of its premiums.
The Swiss reinsurer is followed by Berkshire Hathaway which gains two positions. Hannover and Scor which lost one position.
| Company | 2016 ranking | 2017 ranking | Evolution |
|---|---|---|---|
Berkshire Hathaway | 5 | 3 | +2 |
Munich Reinsurance | 2 | 1 | +1 |
General Insurance Corporation of India | 12 | 10 | +2 |
R+V Versicherung AG | 19 | 17 | +2 |
Swiss Re | 1 | 2 | -1 |
Hannover Rück | 3 | 4 | -1 |
Scor | 4 | 5 | -1 |
Transatlantic Holdings | 13 | 15 | -2 |
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