Latest Report: Life Insurance Industry in Greece to 2017
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Latest Report: Life Insurance Industry in Greece to 2017

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Life Insurance Industry in Greece to 2017 @ http://www.researchmoz.us/life-insurance-in-greece-key-trends-and-opportunities-to-2017-report.html ...

Life Insurance Industry in Greece to 2017 @ http://www.researchmoz.us/life-insurance-in-greece-key-trends-and-opportunities-to-2017-report.html

The Greek life segment is the second-largest in the country’s insurance industry, accounting for 44.8% of the gross written premium in 2012. Life insurance penetration decreased from 1.1% in 2008 to 1% in 2012. This penetration level is expected to increase to 1.1% by 2017. Overall, the life segment recorded a CAGR of -6% during the review period, as Greece was severely impacted by the global economic and eurozone debt crises. The gross written premium registered by the life insurance segment is expected to increase at a forecast-period CAGR of 3%.

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Latest Report: Life Insurance Industry in Greece to 2017 Latest Report: Life Insurance Industry in Greece to 2017 Document Transcript

  • Life Insurance in Greece, Key Trends and Opportunities to 2017 Synopsis The report provides in-depth market analysis, information and insights into the Greek life insurance segment, including: The Greek life insurance segment’s growth prospects by life insurance categories Key trends and drivers for the life insurance segment The various distribution channels in the Greek life insurance segment The detailed competitive landscape in the life insurance segment in Greece Regulatory policies of the Greek insurance industry A description of the life reinsurance segment in Greece Porter's Five Forces analysis of the life insurance segment Executive summary The Greek life segment is the second-largest in the country’s insurance industry, accounting for 44.8% of the gross written premium in 2012. Life insurance penetration decreased from 1.1% in 2008 to 1% in 2012. This penetration level is expected to increase to 1.1% by 2017. Overall, the life segment recorded a CAGR of -6% during the review period, as Greece was severely impacted by the global economic and eurozone debt crises. The gross written premium registered by the life insurance segment is expected to increase at a forecast-period CAGR of 3%. This increase is primarily a result of a gradual improvement in the economy. As of 2012, there were 13 insurers offering only life insurance products. Scope This report provides a comprehensive analysis of the life insurance segment in Greece: It provides historical values for the Greek life insurance segment for the report’s 2008-2012 review period, and projected figures for the 2012-2017 forecast period. It offers a detailed analysis of the key categories in the Greek life insurance segment, along with market forecasts until 2017. It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, frauds and crimes, total assets, total investment income and retentions. It analyses the various distribution channels for life insurance products in Greece. Using Porter’s industry-standard “Five Forces” analysis, it details the competitive landscape in Greece for the life insurance business. It provides a detailed analysis of the reinsurance segment in Greece and its growth prospects. It profiles the top life insurance companies in Greece and outlines the key regulations affecting them. Reasons to buy Make strategic business decisions using in-depth historic and forecast market data related to the Greek life insurance segment and each category within it. Understand the demand-side dynamics, key market trends and growth opportunities within the Greek life insurance segment. Assess the competitive dynamics in the life insurance segment, along with the reinsurance segment. Identify the growth opportunities and market dynamics within key product categories. Gain insights into key regulations governing the Greek insurance industry and its impact on companies and the market's future. Key highlights The Greek life segment is the second-largest in the country’s insurance industry, accounting for 44.8% of the gross written premium in 2012 Individual life insurance constituted the largest category in the life segment Agencies are the main distribution channel for the life segment in Greece. This channel accounted for 54.1% of the total commission paid to distribution channels in 2012 The life segment contains both domestic and foreign insurers, and is generally not as highly developed as the non-life segment As of 2012, 13 life insurance companies were operating in the Greek life insurance segment, with around 51.0% of the segment concentrated among the leading three life insurers in 2012 table Of Contents 1 Executive Summary 2 Introduction 2.1 What Is This Report About? 2.2 Definitions 2.3 Methodology 3 Greek Insurance Industry Attractiveness 3.1 Insurance Industry Size, 2008–2017 3.2 Key Industry Trends And Drivers 4 Life Insurance Outlook 4.1 Life Insurance Growth Prospects By Category 4.1.1 Individual Life Insurance 4.1.2 Individual Pension Insurance 4.1.3 Individual Unit-linked Insurance 4.1.4 Other Individual Insurance 4.1.5 Group Life Insurance 4.2 Life Insurance Growth Prospects By Product Type 4.2.1 Individual Single-premium Policies 4.2.2 Individual Non-single-premium Policies 4.2.3 Group Single-premium Policies 4.2.4 Group Non-single-premium Policies 5 Analysis By Distribution Channel Life Insurance in Greece, Key Trends and Opportunities to 2017
  • 5.1 Direct Marketing 5.2 Bancassurance 5.3 Agencies 5.4 E-commerce 5.5 Brokers 5.6 Other Channels 6 Porter’s Five Forces Analysis – Greek Life Insurance 6.1 Bargaining Power Of Suppliers: Low 6.2 Bargaining Power Of Buyers: Medium 6.3 Barriers To Entry: Medium 6.4 Intensity Of Rivalry: High 6.5 Threat Of Substitutes: Low 7 Reinsurance Growth Dynamics And Challenges 7.1 Reinsurance Segment Size, 2008–2017 7.2 Reinsurance Segment Size By Type Of Insurance, 2008–2017 8 Governance, Risk And Compliance 8.1 Legislation Overview And Historical Evolution 8.2 Regulations By Type Of Insurance 8.2.1 Life Insurance Regulations 8.2.2 Property Insurance Regulations 8.2.3 Motor Insurance Regulations 8.2.4 Marine, Aviation And Transit Insurance Regulations 8.2.5 Personal Accident And Health Insurance Regulations 8.3 Compulsory Insurance 8.3.1 Workmen’s Compensation Insurance 8.3.2 Motor Third-party Liability Insurance 8.3.3 Air Carriers And Aircraft Operators Insurance 8.4 Supervision And Control 8.4.1 International Association Of Insurance Supervisors 8.4.2 European Insurance And Occupational Pensions Authority (eiopa) 8.4.3 Department Of Private Insurance Supervision (dopis) 8.5 Non-admitted Insurance Regulations 8.5.1 Overview 8.5.2 Intermediaries 8.5.3 Market Practices 8.5.4 Fines And Penalties 8.6 Company Registration And Operations 8.6.1 Types Of Insurance Organization 8.6.2 Establishing A Local Company 8.6.3 Foreign Ownership 8.6.4 Types Of License 8.6.5 Capital Requirements 8.6.6 Solvency Margins 8.6.7 Reserve Requirements 8.6.8 Investment Regulations 8.6.9 Statutory Return Requirements 8.6.10 Fee Structure 8.7 Taxation 8.7.1 Insurance Premium Or Policy Taxation 8.7.2 Withholding Taxes On Premium Paid Overseas 8.7.3 Corporate Tax 8.7.4 Vat 8.7.5 Captives 8.8 Legal System 8.8.1 Introduction 8.8.2 Access To Court 8.8.3 Alternative Dispute Resolution (adr) 9 Competitive Landscape And Strategic Insights 9.1 Overview 9.2 Leading Companies In The Greek Life Insurance Segment Life Insurance in Greece, Key Trends and Opportunities to 2017
  • 9.3 Comparison Of The Top Five Insurers 9.3.1 Gross Written Premium 9.3.2 Net Earned Premium 9.3.3 Investment Income 9.4 Alico – Company Overview 9.4.1 Alico – Key Facts 9.4.2 Alico – Key Financials 9.5 Ethniki – Company Overview 9.5.1 Ethniki – Key Facts 9.5.2 Ethniki – Key Financials 9.6 Ing Life – Company Overview 9.6.1 Ing Life – Key Facts 9.6.2 Ing Life – Key Financials 9.7 Efg Eurolife Life – Company Overview 9.7.1 Efg Eurolife Life – Key Facts 9.7.2 Efg Eurolife Life – Key Financials 9.8 Interamerican Life – Company Overview 9.8.1 Interamerican Life – Key Facts 9.8.2 Interamerican Life – Key Financials 9.9 Emporiki Life (credit Agricole) – Company Overview 9.9.1 Emporiki Life (credit Agricole) – Key Facts 9.9.2 Emporiki Life (credit Agricole) – Key Financials 9.10 Allianz Hellas – Company Overview 9.10.1 Allianz Hellas – Key Facts 9.10.2 Allianz Hellas – Key Financials 9.11 Axa Insurance Sa – Company Overview 9.11.1 Axa Insurance Sa – Key Facts 9.11.2 Axa Insurance Sa – Key Financials 9.12 Groupama Phoenix – Company Overview 9.12.1 Groupama Phoenix – Key Facts 9.12.2 Groupama Phoenix – Key Financials 9.13 Generali Hellas – Company Overview 9.13.1 Generali Hellas – Key Facts 9.13.2 Generali Hellas – Key Financials 10 Business Environment And Country Risk 10.1 Business Confidence 10.1.1 Market Capitalization Trend – Athens Stock Exchange, Greece 10.2 Economic Performance 10.2.1 Gdp At Constant Prices (us$) 10.2.2 Gdp Per Capita At Constant Prices (us$) 10.2.3 Gdp At Current Prices (us$) 10.2.4 Gdp Per Capita At Current Prices (us$) 10.2.5 Gdp By Key Segments 10.2.6 Agriculture Net Output At Current Prices (us$) 10.2.7 Agriculture Net Output At Current Prices As A Percentage Of Gdp 10.2.8 Manufacturing Net Output At Current Prices (us$) 10.2.9 Manufacturing Net Output At Current Prices As A Percentage Of Gdp 10.2.10 Mining, Manufacturing And Utilities At Current Prices (us$) 10.2.11 Mining, Manufacturing And Utilities At Current Prices, As Percentage Of Gdp 10.2.12 Construction Net Output At Current Prices, (us$) 10.2.13 Construction Net Output At Current Prices As A Percentage Of Gdp 10.2.14 Inflation Rate 10.2.15 Exports As A Percentage Of Gdp 10.2.16 Imports As A Percentage Of Gdp 10.2.17 Merchandise Exports Growth 10.2.18 Merchandise Imports Growth 10.2.19 Annual Average Exchange Rate, Euro–us$ 10.3 Infrastructure Quality And Availability 10.3.1 Commercial Vehicles Exports – Total Value 10.3.2 Commercial Vehicles Imports – Total Value 10.3.3 Automotive Exports – Total Value 10.3.4 Automotive Imports – Total Value 10.3.5 Total Internet Subscribers 10.4 Labor Force 10.4.1 Labor Force 10.4.2 Unemployment Rate Life Insurance in Greece, Key Trends and Opportunities to 2017
  • 10.5 Demographics 10.5.1 Gross National Disposable Income (us$) 10.5.2 Household Consumption Expenditure (us$) 10.5.3 Total Population 10.5.4 Urban And Rural Populations 10.5.5 Age Distribution Of The Total Population 11 Appendix 11.1 Methodology 11.2 Contact Timetric 11.3 About Timetric 11.4 Timetric’s Services 11.5 Disclaimer ResearchMoz(http://www.researchmoz.us/) is the one stop online destination to find and buy market research reports & Industry Analysis. We fulfill all your research needs spanning across industry verticals with our huge collection of market research reports. We provide our services to all sizes of organizations and across all industry verticals and markets. Our Research Coordinators have in-depth knowledge of reports as well as publishers and will assist you in making an informed decision by giving you unbiased and deep insights on which reports will satisfy your needs at the best price. Contact: M/s Sheela, 90 State Street, Suite 700, Albany NY - 12207 United States Tel: +1-518-618-1030 USA - Canada Toll Free 866-997-4948 Email: sales@researchmoz.us Website: http://www.researchmoz.us/ Life Insurance in Greece, Key Trends and Opportunities to 2017