Reinsurance in the UK, Key Trends and Opportunities to 2018

Date: 2015-09

The UK reinsurance segment grew at a review-period (2009โˆ’2013) compound annual growth rate (CAGR) of 0.7%. The treaty reinsurance category accounted for 55.0% of the total reinsurance written premium in 2013, followed by the facultative reinsurance category with the remaining 45.0%. Growth in the segment was mainly due to the changes in the regulator, government-sponsored infrastructure projects, and a rise in insurance frauds and claims, as more insurers are expected to take up reinsurance to cover claims. Growth was supported by the reinsurance ceded for large infrastructure projects and natural disaster protection. The segmentโ€™s written premium value is subsequently projected to post a forecast-period (2013โˆ’2018) CAGR of 1.1%.

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