Global Reinsurance Providers Market Research Report, Global Reinsurance Providers Market Trends

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Reinsurance Providers Global Market Forecast To 2022

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Western Europe was the largest region in the global reinsurance providers market, accounting for 46% of the market in 2018. Asia Pacific was the second largest region accounting for 26% of the global reinsurance providers market. Africa was the smallest region in the global reinsurance providers market.

Cyber reinsurance is growing in demand with increasing incidents of internet frauds and cyber risk. Cyber insurance is becoming popular due to high cyber risk factor involved in banking and information technology industries, which are susceptible to data breaches and internet frauds. In 2015, cyber related fraud costs were estimated to be around USD 500 billion and are expected to reach USD 2 trillion by 2019.

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