NAICS 52413 - Reinsurance Carriers
This industry comprises establishments primarily engaged in assuming all or part of the risk associated with existing insurance policies originally underwritten by other insurance carriers.
Industry trends:
The reinsurance industry (NAICS 52413) is navigating several transformative trends. Increasingly, reinsurers are leveraging advanced analytics, artificial intelligence (AI), and machine learning to enhance risk assessment and underwriting performance. This trend is driving a more data-driven approach, allowing companies to better predict and price risk. Additionally, there is a growing focus on cyber reinsurance, driven by the increasing frequency and sophistication of cyberattacks.
Climate change remains a critical concern, with reinsurers developing new models to tackle the implications of extreme weather events, such as hurricanes and wildfires. The market is also seeing a rise in alternative capital, such as insurance-linked securities (ILS), as investors seek to diversify their portfolios with reinsurance products.
In the near future, we can expect continued integration of technology in reinsurance processes, potentially transforming the traditional value chain. The alignment with ESG (Environmental, Social, and Governance) criteria will likely intensify, influencing underwriting decisions and investment strategies. Additionally, the adaptation to evolving regulatory frameworks will be paramount as global standards become more stringent.
Overall, the reinsurance sector is poised for dynamic shifts, with technology and sustainability at the forefront of its evolution.
This industry is comprised of:
Accidental and health reinsurance carriers
Life reinsurance carriers
Marine reinsurance carriers
Medical reinsurance carriers
Property and casualty reinsurance carriers
Reinsurance carriers
This report includes the ability to segment your Industry by:
- Region
- Employees
- Net Sales
- Company Age
- Total Assets
- Ownership Type
With iCFO You Get
What Is iCFO?
A review and comparison of financial performance of privately-help companies in specified SIC/NAICS industry segment, using industry standard benchmarks.
Sound Business Analysis
Answers come easily with iCFO. Review ROI, sales per employee, profit margins of the top 10%, top 25% and more, to identify areas of concern and opportunity. Examine what if scenarios and P&L impact of reducing costs or adding revenue.
Your Business’ Health In Minutes
It takes only five minutes to enter your data and produce a concise profile of your company’s fiscal state, including critical business ratios focusing on liquidity, profitability, asset efficiency, and growth.