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AM Best says 2024 health reinsurance growth outpaces past decade
Ceded premiums rose more than 30% to $66b, the largest annual increase in 10 years.
Global health reinsurance continued to grow in 2024, driven by aging populations, rising health care needs, and higher claim costs, according to a new AM Best report released ahead of the Rendez-Vous de Septembre in Monte Carlo.
Ceded premiums rose more than 30% to $66b, the largest annual increase in a decade, after a 9% rise in 2023.
AM Best noted that global reinsurers are increasingly prioritising health reinsurance within ESG strategies, linking it to expanded access to care, innovation, and managing risks tied to aging and chronic diseases.
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