Reinsurance Market 2024
The global reinsurance market was valued at USD 528.71 billion in 2022 and is anticipated to grow at a CAGR of 10.4% from 2023 to 2032. Reinsurance is a vital part of the insurance sector, essential to financial stability and risk management. The idea of risk transfer from one insurance company—referred to as the ceding company—to another—referred to as the reinsurer—is intricate and multidimensional.
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