Reinsurance Market Growth Driven by Enhanced Regulatory Support and Investment in New Technologies | Intent Market Research

Introduction to the Reinsurance Market
Reinsurance, often referred to as "insurance for insurers," plays a critical role in managing risk and ensuring stability within the insurance sector. According to Intent Market Research, the reinsurance market was valued at USD 585.2 billion in 2023 and is forecasted to surpass USD 1,305.3 billion by 2030, growing at an impressive CAGR of 12.1% from 2024 to 2030. This robust growth is fueled by an increase in global insurance penetration, rising natural disasters, and the need for insurers to protect themselves from significant financial losses.

What is Reinsurance?
Reinsurance involves transferring portions of risk from