Property and Casualty Reinsurance Market Forecast 2028 By Top Companies, Trends, and Growth Analysis
Global Property and Casualty Reinsurance Market continues to thrive due to factors such as increasing frequency and severity of catastrophic events, evolving regulatory standards, and emerging risks driven by technological advancements. According to TechSci Research report, “ Global Property and Casualty Reinsurance Market - Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028 ”, the Global Property and Casualty Reinsurance Market stood at USD 427.4 billion in 2022 and is anticipated to grow with a CAGR of 9.1% in the forecast period, 2024-2028. The global Property and Casualty (P&C) reinsurance market is a complex and integral component of the broader insurance industry. P&C reinsurance plays a pivotal role in risk management for insurers, helping them mitigate substantial financial exposures resulting from unforeseen events, catastrophes, and large liability claims. The roots of reinsurance can be traced back to the early days of insurance, where ...