Reinsurance in the UK - Market Size, Industry Analysis, Trends and Forecasts (2024-2029)

Lower risk: Life and health claims are normalising following years of COVID-19-related payouts, aiding revenue growth

Reinsurers' revenue is expected to have crept upwards at a compound annual rate of 2.4% to £20.2 billion over the past five years; this includes a forecast rise of 3.8% in 2022-23 when the average profit margin will likely reach 3.9%. Following two years of COVID-19-related payouts, life and health claims are normalising.

Companies in this industry specialise in assuming all or part of the risk associated with insurance policies underwritten by insurance companies. In other words, the primary business of participants in the industry is insuring insurance companies by taking on some of the risks they have assumed through underwriting activities.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.