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Reinsurance Market Status, Drivers and End-User Analysis till 2025

Global reinsurance market is anticipated to witness an exponential growth in the forecast period. Reinsurance implies insurance that is acquired by an insurance company. It allows companies claim under happenings including major disasters like hurricanes and wildfires. In addition, it is useful in risk management, tax mitigation, and for many other reasons. The company that procures the reinsurance policy is known as a ceding company, cedent, or cedant under most arrangements.

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