Industry Statistics and Trends
Reinsurance in Europe key trends
As premiums rise, insurers turn to alternative capital markets.
Insurers are turning to alternative markets to supplement traditional reinsurance. With rising claims and low pay-outs, reinsurers are turning to insurance-linked securities to free up underwriting capacity.
Limited retrocession capacity will put additional upward pressure on premiums.
Growing inflation will create additional challenges with a heightened focus on proper reserves to cover existing claims through accurate underwriting of asset value at the next renewal period.
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Reinsurance in Europe
Industry Revenue
Total value and annual change from 2012-2030. Includes 5-year outlook.
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Reinsurance in Europe market size (2020-2025)
Industry revenue has grown at a CAGR of 1.8 % over the past five years, to reach an estimated €152.7bn in 2025.
Trends and Insights
European life and health insurance thrives on rates, demographics and innovation
- Europe’s life and health reinsurance sector is experiencing its strongest growth phase in more than a decade, powered by higher interest rates, demographic pressures, regulatory reform, and accelerated digitalisation.
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Reinsurance in Europe outlook (2025-2030)
Market size is projected to grow over the next five years.
Specialty lines are Europe’s next growth frontier
- Specialty reinsurance lines in Europe, especially cyber and energy-transition risks, are set for strong expansion supported by digitalisation, SME uptake and new regulatory mandates. Munich Re estimates cyber premiums in Europe rose 26% CAGR between 2020 and 2024 and expects the region’s global share to climb further by 2027. Meanwhile, Europe’s green transformation is spurring new demand for specialist (re)insurance solutions covering wind, solar, battery storage and hydrogen infrastructure.
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Revenue
€152.7bn
Employees
31,491
Wages
€X.Xbn
European Leaders & Laggards
Top 5 Countries
Bottom 5 Countries
* CAGR values are for the years 2020-2025.
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Biggest companies in the Reinsurance in Europe
| Company | Market Share (%)
2025 | Revenue (€m)
2025 | Profit (€m)
2025 | Profit Margin (%)
2025 |
|---|---|---|---|---|
Lloyd's of London | 74,116.6 | 8,926.2 | 12.0 | |
Swiss RE | 55,040.6 | 2,803.9 | 5.1 | |
Munich RE | 61,643.9 | 6,787.5 | 11.0 |
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Reinsurance in Europe
Products & Services Segmentation
Industry revenue broken down by key product and services lines.
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Top Questions Answered in this Report
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What is the market size of the Reinsurance industry in Europe in 2025?
The market size of the Reinsurance industry in Europe is €152.7bn in 2025.
How many businesses are there in the Reinsurance industry in Europe in 2025?
There are 153 businesses in the Reinsurance industry in Europe, which has declined at a CAGR of 0.0 % between 2020 and 2025.
Has the Reinsurance industry in Europe grown or declined over the past 5 years?
The market size of the Reinsurance industry in Europe has been growing at a CAGR of 1.8 % between 2020 and 2025.
What is the forecast growth of the Reinsurance industry in Europe over the next 5 years?
Over the next five years, the Reinsurance industry in Europe is expected to grow.
What does the Reinsurance industry in Europe include?
Property and Casualty Reinsurance and Life and Health Reinsurance are part of the Reinsurance industry in Europe.
How competitive is the Reinsurance industry in Europe?
The level of competition is high and increasing in the Reinsurance industry in Europe.
Related Industries
This industry is covered in 37 countries
Table of Contents
About this industry
Industry definition
Reinsurers specialise in assuming all or part of the risk associated with insurance policies underwritten by insurance companies. In other words, the primary business for reinsurers is insuring insurance companies by taking on some of the risks they have assumed through underwriting activities.
Related Terms
UNDERWRITING CAPACITY CEDE RETROCESSIONWhat's included in this industry?
Property and Casualty ReinsuranceLife and Health ReinsuranceLiability ReinsuranceCyber ReinsuranceMarine, Aviation and Transport (MAT)Other (Political Risk, Trade Credit, Business Interruption)Companies
Lloyd's of LondonSwiss REMunich REIndustry Code
652 - Reinsurance in Europe
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Performance
Key Takeaways
European life and health insurance thrives on rates, demographics and innovation
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Revenue Highlights
Trends
- Revenue
- 2025 Revenue Growth
- Revenue Volatility
Employment Highlights
Trends
- Employees
- Employees per Business
- Revenue per Employee
Business Highlights
Trends
- Businesses
- Employees per Business
- Revenue per Business
Profit Highlights
Trends
- Total Profit
- Profit Margin
- Profit per Business
Current Performance
Charts
- Revenue in the Reinsurance in Europe industry (2012 -2030)
- Employees in the Reinsurance in Europe industry (2012 -2030)
- Business in the Reinsurance in Europe industry (2012 -2030)
- Profit in the Reinsurance in Europe industry (2012 -2030)
Analysis
What's driving current industry performance in the Reinsurance in Europe industry?
Outlook
Analysis
What's driving the Reinsurance in Europe industry outlook?
Volatility
Analysis
What influences volatility in the Reinsurance in Europe industry?
Charts
- Industry Volatility vs. Revenue Growth Matrix
Life Cycle
Analysis
What determines the industry life cycle stage in the Reinsurance in Europe industry?
Charts
- Industry Life Cycle Matrix
Products and Markets
Highlights
Trends
- Largest Market
- Product Innovation
Key Takeaways
Digitisation and rising incidences of conflict inflate specialist commercial lines. Cyber premiums are only on the rise as attacks become more severe, while MAT and political risk cover sales are booming with mounting geopolitical tensions.
Products and Services
Charts
- Products and Services Segmentation
Analysis
How are the Reinsurance in Europe industry's products and services performing?
Analysis
What are innovations in the Reinsurance in Europe industry's products and services?
Major Markets
Charts
- Major Market Segmentation
Analysis
What influences demand in the Reinsurance in Europe industry?
International Trade
Highlights
- Total Imports into Europe
- Total Exports into Europe
Heat maps
- Industry Concentration of Imports by Country
- Industry Concentration of Exports by Country
Data Tables
Value and annual change (%) included
- Number of Imports and Exports by European Country (2025)
Geographic Breakdown
Business Locations
Heat maps
- Share of Total Industry Revenue by Region (2025)
- Share of Total Industry Enterprises by Region (2025)
- Share of Total Industry Employment by Region (2025)
- Share of Total Industry Wages by Region (2025)
Industry Geographic Breakdown
Data Tables
Values and annual change provided for 37 European countries:
- Revenue (2025)
- IVA (2025)
- Enterprises (2025)
- Employment (2025)
- Exports (2025)
- Imports (2025)
Competitive Forces
Highlights
Trends
- Concentration
- Competition
- Barriers to Entry
- Substitutes
- Buyer Power
- Supplier Power
Key Takeaways
Larger reinsurers with strong brand names have an advantage. Some reinsurers underwrite and sell in multiple countries, giving them the advantage of economies of scope - helping them diversify risk, lowering stringent capital requirements and policy prices and keeping them competitive.
Supply Chain
Charts
Buyer and supply industries
Companies
Market Share
Charts
- Industry Market Share by Company (2020-2025)
Companies
Data Tables
Top 10 companies by market share:
- Market share (2025)
- Revenue (2025)
- Profit (2025)
- Profit Margin (2025)
Data Tables
- Countries of operation for Lloyd's of London
- Countries of operation for Swiss RE
- Countries of operation for Munich RE
- Countries of operation for Hannover Rueck SE
- Countries of operation for RenaissanceRe Holding Ltd
- Countries of operation for Everest Re Group Ltd
- Countries of operation for SCOR SE
- Countries of operation for Assicurazioni Generali
- Countries of operation for R+V Versicherung AG
- Countries of operation for Axa SA
External Environment
Highlights
Trends
- Regulation & Policy
- Assistance
Key Takeaways
The EIOPA regulates reinsurance activities within the EU. The aim of the body is to ensure financial stability, consumer protection and market efficiency in the insurance and reinsurance sectors.
External Drivers
Analysis
What demographic and macroeconomic factors impact the Reinsurance in Europe industry?
Financial Benchmarks
Highlights
Trends
- Profit Margin
- Average Wage
- Largest Cost
Key Takeaways
Policy payments account for the bulk of income. Reinsurance offers downstream insurers financial protection in the event of damages or losses. Payments are made when a policy is discontinued. Direct claims take up the largest share of payments.
Cost Structure
Charts
- Share of Economy vs. Investment Matrix
-
Industry Cost Structure Benchmarks:
- Marketing
- Depreciation
- Profit
- Purchases
- Wages
- Rent
- Utilities
- Other
Analysis
What trends impact cost in the Reinsurance in Europe industry?
Key Ratios
Data tables
- IVA/Revenue (2015-2030)
- Imports/Demand (2015-2030)
- Exports/Revenue (2015-2030)
- Revenue per Employee (2015-2030)
- Wages/Revenue (2015-2030)
- Employees per Establishment (2015-2030)
- Average Wage (2015-2030)
Country Benchmarks
European Leaders & Laggards
Data Tables
Top and bottom five countries listed for each:
- Revenue Growth (2025)
- Business Growth (2025)
- Job Growth (2025)
European Country Performance
Data Tables
Rankings available for 37 countries. Statistics ranked include:
- IVA/Revenue (2025)
- Imports/Demand (2025)
- Exports/Revenue (2025)
- Revenue per Employee (2025)
- Wages/Revenue (2025)
- Employees per Establishment (2025)
- Average Wage (2025)
Structural Comparison
Data Tables
Trends in 37 countries benchmarked against trends in Europe
- Concentration
- Competition
- Barriers to Entry
- Buyer Power
- Supplier Power
- Volatility
- Capital Intensity
- Innovation
- Life Cycle
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2015-2030)
- IVA (2015-2030)
- Establishments (2015-2030)
- Enterprises (2015-2030)
- Employment (2015-2030)
- Exports (2015-2030)
- Imports (2015-2030)
- Wages (2015-2030)
Methodology
Where does IBISWorld source its data?
IBISWorld is a world-leading provider of business information, with reports on 5,000+ industries in Australia, New Zealand, North America, Europe and China. Our expert industry analysts start with official, verified and publicly available sources of data to build an accurate picture of each industry.
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and IBISWorld's proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools.
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