Analysis of the Reinsurance Market Situation under Conditions of Volatility of the World Economy

Abstract

The article conducts analysis of the modern state and prospects of further development of the reinsurance market through identification of prerequisites of establishment and systematisation of main stages of formation of this market situation. It studies main parameters of formation of the studies economic category: volume of the global market of reinsurance, factors of interaction of demand and supply; interconnection of participants of this market under conditions of volatility of the world economy. Results of the study, stated in this article, give a possibility to affirm that analysis and process of formation of the reinsurance market situation is a complex and multi-sided topic for conducting further studies. Using the obtained data, one can forecast future behaviour of the market participants when unfavourable situations occur and find the most optimal ways of their solution.

Keywords

• world tendencies of reinsurance
• demand on reinsurance services
• supply of insurance services
• reinsurance market situation