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Reinsurance Carriers in West Virginia

Author.Name IBISWorld United States Last Updated: April 2025 NAICS WV52413

Reinsurance Carriers in West Virginia industry analysis

The Reinsurance Carriers industry in West Virginia is expected to decline an annualized -x.x% to $x.x million over the five years to 2025, while the national industry will likely grow at x.x% during the same period. Industry establishments increased an annualized x.x% to x locations. Industry employment has increased an annualized x.x% to x workers, while industry wages have increased an annualized x.x% to $x.x thousand.

Over the five years to 2030, the industry is expected to grow an annualized x.x% to $x.x million, while the national industry is expected to grow x.x%. Industry establishments are forecast to stagnate x% to x locations. Industry employment is expected to stagnate an annualized x% to x workers, while industry wages are forecast to decrease -x% to $x.x thousand.

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About the Reinsurance Carriers in West Virginia Market Research Report

What’s Included in the Reinsurance Carriers in West Virginia Market Research Report

Definition of the Reinsurance Carriers in West Virginia?

Companies in this industry specialize in assuming all or part of the risk associated with existing insurance policies originally underwritten by other insurance carriers. The primary business of participants in this industry is insuring insurance companies.

What’s included in the Reinsurance Carriers in West Virginia?

The Reinsurance Carriers in West Virginia includes property and casualty reinsurance, automobile reinsurance, annuities, life and disability income reinsurance, health and medical reinsurance and surety and title reinsurance. Related terms covered in the Reinsurance Carriers in West Virginia industry report includes a measure of a firm's underwriting performance. a combined ratio of more than 100% indicates an underwriting loss, whereas a combined ratio of less than 100% indicates an underwriting profit, the relocation of a company's business process, such as manufacturing or accounting, from one country to another, whether the work is outsourced or stays within the company, the performance of an insurer based only on the underwriting of insurance. it excludes the income, losses and expenses associated with investment activities, the supply of insurance and the maximum amount of insurance a company or market can underwrite based on financial strength, or the policyholder's surplus, the action of an insurer passing risk to a reinsurer. the cedent purchases a contract indemnifying them for specific losses realized in assuming liability through the issuance of insurance policies, the reinsuring of reinsurance. a reinsurance transaction whereby a reinsurer cedes all or part of the reinsurance risk it has assumed to another reinsurer, a reinsurance company that has some common ownership interests with a group of insurers. us insurers often cede risks to foreign affiliates, a reinsurance company that has no common ownership interests with a group of insurers. us insurers do not cede as much insurance to foreign unaffiliates, a high-yield debt instrument that is usually insurance linked and meant to raise money in case of a catastrophe such as a hurricane or earthquake and privately structured securities or derivatives used to gain participation to the traditional reinsurance market.

Industry Performance of the Reinsurance Carriers industry in West Virginia

Benchmark the Reinsurance Carriers in West Virginia industry performance with all WV county and national performance.

Reinsurance Carriers in West Virginia

#43 in Highest Revenue 0% of state's GDP
Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

Reinsurance Carriers in the US


Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

For the full list of industry drivers, see report purchase options.

Key Drivers of the Reinsurance Carriers industry in West Virginia

See how key industry drivers, such as population, house price index, new business formation, demand from property, casualty and direct insurance, demand from life insurance and annuities and yield on 10-year treasury note are impacting Reinsurance Carriers in West Virginia

West Virginia Economic Indicators

Population
House Price Index
New Business Formation

View more economic information in WV State Economic profile

US Key External Drivers

Demand from property, casualty and direct insurance
Demand from life insurance and annuities
Yield on 10-year Treasury note

For the full list of industry drivers, see report purchase options.

County Data of the Reinsurance Carriers industry in West Virginia

Key Statistics of the Reinsurance Carriers industry in West Virginia

Download 18 years of historical data and 5 years of projected performance.

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Top Questions Answered in this Report

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What is the market size of the Reinsurance Carriers industry in West Virginia in 2025?

The market size of the Reinsurance Carriers industry in West Virginia is $21.8m in 2025.

How many businesses are there in the Reinsurance Carriers industry in West Virginia in 2025?

There are 3 businesses in the Reinsurance Carriers industry in West Virginia, which has been growing at an average annual rate of 8.4% from 2020 to 2025.

Has the Reinsurance Carriers industry in West Virginia grown or declined over the past 5 years?

The market size of the Reinsurance Carriers industry in West Virginia has been declining at an average annual rate of -6.3% from 2020 to 2025.

How many employees in the Reinsurance Carriers industry in West Virginia in 2025?

There are 8 employees in the Reinsurance Carriers industry in West Virginia, which has been growing at an average annual rate of 5.9% from 2020 to 2025.