Terrorism, Cyber-Risk and Telematics Demand for New Reinsurance Policies in UK REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit Reinsurance in the UK consists of written premium, reinsurance ceded and reinsurance policies. The major factors affecting the reinsurance in the UK are the country’s economy, demographics, natural hazards, man-made hazards and their impact on the insurance industry. In the year 2017 March, the terrorism reinsurance fund Pool Re has announced plans to extend its cover to risks related to cyber-attacks on property. The non-profit flood reinsurance fund, Flood Re, is active. With the growth of cyber-risk and telematics, demand for bulk annuity reinsurance contracts and implementation of Solvency II in UK are expected to support the growth of reinsurance segment over the coming years. It was observed that the global reinsurance market has faced losses due to rise in natural disasters in the yesteryears. The global reinsurers sector has extremely strong capital adequacy and will continue to provide support but few reinsurers are more exposed and sensitive to risk. Even though the prices are continuing to lower across all lines of business and global property prices were low during renewals, the reinsurance sector has faced losses. The exposure to catastrophe risk is an additional pressure point on reinsurance profitability, and reinsures are overexposed who might see deterioration of their insurance over the time. According to the research report “Reinsurance in the UK, Key Trends and Opportunities to 2020“, it was observed that the reinsurance capital is growing from the past years and will witness a strong growth over the coming years. There is an overall demand for UK Reinsurance Industry, but the growth is limited to only few regions and lines of business. With the new rules and regulations in the reinsurance sector the consumers are looking forward for new UK General Insurance. Consumers are encouraging new investments in innovative insurer technologies in both organic and inorganic forms. However, macro catastrophe loss impacts on the reinsurance market is combine with higher contribution in loss activity from perils like severe convective storm, flood, and fire that typically result in lower ceded losses. The increase in the potential interest rate could indicate potential capacity restrictions in the global reinsurance industry. The global reinsurance market status and outlook clearly defines the angles of players, regions, product and end application/industries. The global leading reinsurance players are divided based on the reinsurance market by product and application. Asia-Pacific occupies the major share of the reinsurance market over the coming years with China leading followed by India and Southeast Asia regions. The leading reinsurance competitors in global market are Munich Re, Swiss Re-insurance Company, Hannover Re, SCOR, Reinsurance Group of America, XL Group Plc, PartnerRe Ltd., Everest Reinsurance (Bermuda), Ltd. , Catlin Group Limited, Korean Reinsurance Co, Berkshire Hathaway Cooperation, Lloyd’s of London, HDI-Gerling, AXA, and Allianz, China Reinsurance Company. Retrocession is a process of one UK General Insurance Industry company serving another company by providing services. This is carried out by accepting business that the other organization had agreed to. It was observed that in UK there is a high reliance on retrocession in the past years that has clearly contributed to a decline in the UK Reinsurance Market Future Outlook. Reinsures are expected to avoid the property catastrophe business in the next few years. These are the major factors affecting the reinsurance market and will also help in creating new opportunities in the reinsurance sector in the future. To know more, click on the link below. https://www.kenresearch.com/banking-financial-services-and-insurance/insurance/reinsurance-uk/129015-93.html Related Reports Reinsurance in Venezuela, Key Trends and Opportunities to 2020 Reinsurance in Ecuador, Key Trends and Opportunities to 2021 Reinsurance in Bulgaria, Key Trends and Opportunities to 2020 Contact Us: Ken Research Ankur Gupta, Head Marketing & Communications Ankur@kenresearch.com +91-9015378249 Tags: europe reinsurance market research, Global Reinsurance Industry, uk general insurance industry, uk insurance industry future, uk reinsurance industry trends, uk reinsurance market future outlook, uk reinsurance market gross written premium, uk reinsurance sector major players, uk reinsurance sector regulations