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Reinsurance Market Research, 2031 The global reinsurance market was valued at $498.7 billion in 2021, and is projected to reach $1344.3 billion by 2031, growing at a CAGR of 10.8% from 2022 to 2031. The reinsurance market is segmented into Type, Application, Distribution Channel and Mode. Segment Review The reinsurance market is segmented into type, application, distribution channel, mode, and region. On the basis of type, the market is bifurcated into facultative reinsurance and treaty reinsurance. Treaty reinsurance is further segmented into proportional reinsurance and non -proportional reinsurance. The proportional reinsurance is further segregated into quota share and surplus share. Depending on application, it is fragmented into property & casualty reinsurance and life & health reinsurance. Life & health reinsurance is further segmented into disease insurance and medical insurance. The distribution channel segment is segregated into direct writing and reinsu