Life and Health Reinsurance Market Report 2026

The life and health reinsurance market size has grown strongly in recent years. It will grow from $180.4 billion in 2025 to $190.15 billion in 2026 at a compound annual growth rate (CAGR) of 5.4%. The growth in the historic period can be attributed to increasing life expectancy trends, rising healthcare cost burdens, expansion of life insurance penetration, growth in health insurance enrollment, evolution of global reinsurance frameworks.

The life and health reinsurance market size is expected to see strong growth in the next few years. It will grow to $235.59 billion in 2030 at a compound annual growth rate (CAGR) of 5.5%. The growth in the forecast period can be attributed to increasing adoption of predictive analytics in underwriting, rising demand for capital relief solutions, growing focus on pandemic and systemic risk coverage, expansion of digital reinsurance platforms, increasing regulatory scrutiny on solvency. Major trends in the forecast period include increasing use of advanced risk analytics models, growing adoption of data-driven underwriting practices, expansion of tailored reinsurance structures, rising focus on health risk pool optimization, enhanced capital efficiency management.

The increasing demand for telehealth is expected to propel the growth of the life and health reinsurance market going forward. Telehealth refers to the use of telecommunications and digital technologies to deliver remote healthcare services to patients and healthcare providers. Telehealth promotes preventive care, cost-effective healthcare solutions, improved data analysis, and innovative partnerships, improved outcomes, expands coverage and accessibility in life and health reinsurance market. For instance, in April 2023, according to FAIR Health Inc., a US-based non-profit organization, national telehealth use increased by 7.3%, from 5.5% of medical claim lines in December 2022 to 5.9% in January 2023. Therefore, the increasing demand for telehealth is driving the growth of the life and health reinsurance market.

Major companies operating in the life and health reinsurance market are focusing on incorporating innovative products such as AI-powered mental health support applications to enhance risk assessment, customer engagement, and product differentiation. AI-powered mental health support applications use artificial intelligence algorithms and conversational interfaces to deliver personalized mental health support while enabling insurers to assess behavioral risk factors and improve underwriting and wellness-linked insurance offerings. For instance, in August 2023, Swiss Re Reinsurance Solutions Ltd., a Switzerland-based company that provides life and health reinsurance services company launched wysa assure. This app combines Wysa's AI-powered mental health solutions with Swiss Re's risk knowledge and proprietary scoring methodology to satisfy the demands of insurers and clients. Wysa assure is the first mental health app for insurance that calculates a person's risk score.

In April 2023, Swiss Re Reinsurance Solutions Ltd., a Switzerland-based company that provides life and health reinsurance services partnered with Benekiva. This partnership makes use of each company's distinct strengths to produce an innovative, end-to-end claims management platform that increases operational efficiency for life and health insurers and enhances beneficiaries' claims experiences. The Reinsurance Solutions division continues to view cooperation with important partners as a strategic priority. Benekiva is a US-based claims and servicing platform that provides life and health reinsurance services.

Major companies operating in the life and health reinsurance market are Swiss Re, Munich Re, SCOR, China Reinsurance Group, PartnerRe, Taiping Reinsurance, Korean Reinsurance Company, General Insurance Corporation of India, PICC Reinsurance, Peak Reinsurance, Hannover Re, Everest Re, Transatlantic Re, RGA Re, African Reinsurance Corporation, Saudi Re, Kuwait Re, Arab Re, Trust Re, Compagnie Centrale de Réassurance, Société Centrale de Réassurance, VIG Re, Polskie Towarzystwo Reasekuracji, Institute of Reinsurance of Brazil.

North America was the largest region in the life and health reinsurance market in 2025. Western Europe was the second largest market in the life and health reinsurance market share. The regions covered in the life and health reinsurance market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the life and health reinsurance market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The life & health reinsurance market consists of sales of life & health reinsurance products by entities that are engaged in assuming all or part of the risk with existing life and health insurance policies originally underwritten by other insurance providers (direct insurance carriers). The size of the market is based on the value of the premiums reinsured. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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