Catastrophe Insurance Market to Grow at 5.49% CAGR to 2020
PUNE, India, October 13, 2016 /PRNewswire/ --
2016 global catastrophe insurance market research says one of the key trends for market growth will be improvements in capital management leading to greater performance of different investments. Many insurance vendors are working to achieve market leading investment performance. Such efforts may help the vendors to develop and sustain a huge asset base to harvest high profitability. On the other hand, enterprise value creators are playing a huge role in leveraging technology and infrastructure, thereby optimizing operations.
Complete report on catastrophe insurance market spread across 83 pages, analyzing 5 major companies and providing 43 data exhibits, is now available at http://www.rnrmarketresearch.com/global-catastrophe-insurance-market-2016-2020-market-report.html.
This analyst forecast the global catastrophe insurance market to grow at a CAGR of 5.49% during the period 2016-2020. According to the catastrophe insurance market report, climatic change will be a key driver for market growth. Climatic changes have occurred due to the various natural and manmade disasters. Therefore, the insurance company requires not only to focus on the historical data but also to have forward projections. Climate change has brought in extreme weather events, and therefore insurance companies need to understand the change in the frequency of the extreme weather condition.
The catastrophe insurance market research report identifies the pricing and valuation strategies of catastrophe bonds to be one of the major factors that will have a positive impact on the growth of this market in the coming years. Since the insurance industry is cyclical, insurance providers have the need to formulate different strategies that bring in stable earnings to earn positive yields and generate cash flows. Catastrophe bonds help investors to earn good returns that are uncorrelated with the broader financial markets and also helps portfolio managers understand the attributes of pricing trends, and in turn, make informed decisions in allocating capital.
In terms of geographical analysis, the Americas will be the largest region in the global catastrophe insurance market, reaching revenues of more than $47 billion by 2020. The US will emerge as the key revenue generator in the region. The Americas will be the major revenue contributor to the catastrophe insurance market throughout the forecast period will account for more than 65% of the total market shares by 2020. Factors such as digital transformation, market consolidation, and servitization of the industry impact the growth of the market. Analysts estimate that during the next four years, the catastrophic health care market will grow at a CAGR of more than 4% in this region.
The following companies are the key players in the global catastrophe insurance market: American International Group, Allianz, AXA, Berkshire Hathaway, and Lloyds. Other prominent vendors in the market are: Allstate, Aviva, Liberty Mutual, and Zurich Insurance. Order a copy of Global Catastrophe Insurance Market 2016-2020 report @ http://www.rnrmarketresearch.com/contacts/purchase?rname=714426.
Global Catastrophe Insurance Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. To calculate the market size, the report considers the global loss insured from the catastrophe insurance market in the Americas, Asia-Pacific (APAC), and Europe, the Middle East, and Africa (EMEA).
Another related report is Global Property Insurance Market 2016-2020, a key driver of market growth is the use of risk management tools. The property insurance vendors are looking for strong investment returns that they can reinvest to get higher yields. This brings in profitability to the system. Therefore, it is important that the vendors meet the customers' demand while challenging the increased risk and uncertainty. Browse complete report @ http://www.rnrmarketresearch.com/global-property-insurance-market-2016-2020-market-report.html.
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