Personal Accident and Health Insurance in Romania to 2017

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The Romanian personal accident and health insurance segment is small in terms of the total Romanian insurance industry’s gross written premium in 2012. Negative automotive output, global financial troubles and sovereign debt crises in the EU had an impact on the overall growth of the segment. Despite these limiting factors, the segment demonstrated significant growth during the review period. Innovative product strategies by insurers, rising healthcare expenditure and a favorable regulatory framework contributed to this growth.

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Personal Accident and Health Insurance in Romania to 2017

  1. 1. Personal Accident and Health Insurance in Romania, Key Trends and Opportunities to 2017SynopsisThe report provides in depth market analysis, information and insights into the Romanian personal accidentand health insurance segment, including:The Romanian personal accident and health insurance market’s growth prospects by insurancecategories Key trends and drivers for the personal accident and health insurance segment The variousdistribution channels in the Romanian personal accident and health insurance segment Detailed competitivelandscape in the personal accident and health insurance segment in Romania A description of the personalaccident and health reinsurance segment in Romania Porters Five Forces Analysis of the personal accidentand health insurance segmentExecutive summaryThe Romanian personal accident and health insurance segment is small in terms of the total Romanianinsurance industry’s gross written premium in 2012. Negative automotive output, global financialtroubles and sovereign debt crises in the EU had an impact on the overall growth of the segment. Despite theselimiting factors, the segment demonstrated significant growth during the review period. Innovative productstrategies by insurers, rising healthcare expenditure and a favorable regulatory framework contributed to thisgrowth.ScopeThis report provides a comprehensive analysis of the personal accident and health insurance market inRomania:It provides historical values for Romanias personal accident and health insurance market for thereport’s 2008–2012 review period and forecast figures for the 2012–2017 forecast periodIt offers a detailed analysis of the key sub-segments in Romanias personal accident and health insurancemarket, along with market forecasts until 2017 It covers an exhaustive list of parameters, including writtenpremium, 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 personal accident andhealth insurance products in Romania Using Porter’s industry-standard “Five Forces”analysis, it details the competitive landscape in Romania for the personal accident and health insurancebusiness It provides a detailed analysis of the reinsurance market in Romania and its growth prospects Itprofiles the top personal accident and health insurance companies in Romania and outlines the key regulationsaffecting themReasons to buyMake strategic business decisions using historic and forecast market data related to the Romanian personalaccident and health insurance market and each sector within it Understand the demand-side dynamics, keymarket trends and growth opportunities within the Romanian personal accident and health insurance marketAssess the competitive dynamics in the personal accident and health insurance market, along with thereinsurance segment Identify the growth opportunities and market dynamics within key product categoriesGain insights into key regulations governing the Romanian insurance market and its impact on companies andthe markets futurePersonal Accident and Health Insurance in Romania, Key Trends and Opportunities to 2017
  2. 2. Key highlightsThe Romanian personal accident and health insurance segment is small, accounting for just 2.3% of the totalRomanian insurance industry’s gross written premium in 2012. Favorable demographic factors such asincreased life expectancy and a growing urban population are expected to improve consumer confidence in,and accelerate demand for, health and travel insurance products over the forecast period. The Romaniangovernment introduced the health insurance card in January 2013, which all Romanians aged over 18 years areexpected to maintain. The implementation of Solvency II is likely to have little impact in Romania, as theindustry consists primarily of smaller insurance providers which are expected to take quick measures tocomply with its requirements. Consumer awareness plays a critical role in the development of the insuranceindustry and has been a key focus of the National Association of the Insurance and Reinsurance Companies(UNSAR).table Of Contents1 Executive Summary2 Introduction2.1 What Is This Report About?2.2 Definitions2.3 Methodology3 Romanian Insurance Industry Attractiveness3.1 Insurance Industry Market Size, 2008–20173.2 Key Industry Trends And Drivers3.2.1 Business Drivers3.2.2 Product And Targeting Strategies4 Personal Accident And Health Insurance Outlook4.1 Personal Accident And Health Insurance Growth Prospects4.1.1 Personal Accident4.1.2 Travel Insurance4.1.3 Health Insurance4.1.4 Non-life Health Insurance4.1.5 Life Health Insurance5 Analysis By Distribution Channels5.1 Direct Marketing5.2 BancassurancePersonal Accident and Health Insurance in Romania, Key Trends and Opportunities to 2017
  3. 3. 5.3 Agencies5.4 E-commerce5.5 Brokers5.6 Other Channels6 Governance, Risk And Compliance6.1 Legislation Overview And Historical Evolution6.2 Legislation Trends By Type Of Insurance6.2.1 Life Insurance Regulatory Trends6.2.2 Property Insurance Regulatory Trends6.2.3 Motor Insurance Regulatory Trends6.2.4 Liability Insurance Regulatory Trends6.2.5 Marine, Aviation And Transit Insurance Regulatory Trends6.2.6 Health Insurance Regulatory Trends6.3 Compulsory Insurance6.3.1 Compulsory Motor Third-party Liability Insurance6.3.2 Compulsory Insurance Of Dwellings Against Earthquakes, Landslides And Flooding6.4 Supervision And Control6.4.1 International Association Of Insurance Supervisors6.4.2 European Insurance And Occupational Pensions Authority6.4.3 Insurance Supervisory Commission6.5 Non-admitted Insurance Regulatory Trends6.5.1 Overview6.5.2 Intermediaries6.5.3 Market Practices6.5.4 Fines And Penalties6.6 Company Registration And Operations6.6.1 Types Of Insurance Organization6.6.2 Establishing A Local Company6.6.3 Foreign Ownership6.6.4 Types Of License6.6.5 Capital Requirements6.6.6 Solvency Margins6.6.7 Reserve Requirements6.6.8 Investment Regulations6.6.9 Statutory Return Requirements6.7 Taxation6.7.1 Insurance Premium Or Policy Taxation6.7.2 Corporate Tax6.7.3 Vat6.7.4 Captives6.8 Legal SystemPersonal Accident and Health Insurance in Romania, Key Trends and Opportunities to 2017
  4. 4. 6.8.1 Introduction6.8.2 Access To Court6.8.3 Alternative Dispute Resolution (adr)7 Porter’s Five Forces Analysis – Romanian Personal Accident And Health Insurance7.1 Bargaining Power Of Supplier: Low To Medium7.2 Bargaining Power Of Buyer: Medium7.3 Barriers To Entry: Low To Medium7.4 Intensity Of Rivalry: Low7.5 Threat Of Substitutes: Medium8 Reinsurance Growth Dynamics And Challenges8.1 Reinsurance Segment Size, 2008–20178.2 Reinsurance Segment Size By Type Of Insurance, 2008–20129 Competitive Landscape And Strategic Insight9.1 Overview9.2 Leading Companies In The Romanian Personal Accident And Health Insurance Segment9.3 Bcr Asigurări De Viaţă – Company Overview9.3.1 Bcr Asigurări De Viaţă – Key Facts9.4 Eureko Romania – Company Overview9.4.1 Eureko Romania – Key Facts9.4.2 Eureko Romania – Key Financials9.5 Allianz-Å¢iriac Asigurări S.a. – Company Overview9.5.1 Allianz-Å¢iriac Asigurări S.a. – Key Facts9.5.2 Allianz-Å¢iriac Asigurări S.a. – Key Financials9.6 Omniasig Vig S.a – Company Overview9.6.1 Omniasig Vig S.a – Key Facts9.6.2 Omniasig Vig S.a – Key Financials9.7 Axa Asigurări – Company Overview9.7.1 Axa Asigurări – Key Facts9.7.2 Axa Asigurări – Key Financials9.8 Uniqa Asigurări S.a. – Company Overview9.8.1 Uniqa Asigurări S.a. – Key Facts9.8.2 Uniqa Asigurări S.a. – Key Financials9.9 Astra Asigurări – Company Overview9.9.1 Astra Asigurări – Key Facts9.9.2 Astra Asigurări – Key Financials9.1 Asirom Vienna Insurance Group S.a. – Company Overview9.10.1 Asirom Vienna Insurance Group S.a. – Key FactsPersonal Accident and Health Insurance in Romania, Key Trends and Opportunities to 2017
  5. 5. 9.10.2 Asirom Vienna Insurance Group S.a. – Key Financials9.11 Guarantee Insurance S.a. – Company Overview9.11.1 Guarantee Insurance S.a. – Key Facts9.11.2 Guarantee Insurance S.a. – Key Financials10 Business Environment And Country Risk10.1 Business Confidence10.1.1 Market Capitalization Trend – Bucharest Stock Exchange, Romania10.2 Economic Performance10.2.1 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 Segments10.2.6 Agriculture, Hunting, Forestry, Fishing Net Output At Current Prices (ron)10.2.7 Agriculture, Hunting, Forestry, Fishing Net Output At Current Prices (us$)10.2.8 Agriculture, Hunting, Forestry, Fishing Net Output At Current Prices As A Percentage Of Gdp10.2.9 Manufacturing Net Output At Current Prices (ron)10.2.10 Manufacturing Net Output At Current Prices (us$)10.2.11 Manufacturing Net Output At Current Prices As A Percentage Of Gdp10.2.12 Mining, Manufacturing And Utilities Net Output At Current Prices (ron)10.2.13 Mining, Manufacturing And Utilities At Current Prices (us$)10.2.14 Mining, Manufacturing And Utilities At Current Prices As A Percentage Of Gdp10.2.15 Construction Net Output At Current Prices (ron)10.2.16 Construction Net Output At Current Prices (us$)10.2.17 Construction Net Output At Current Prices As A Percentage Of Gdp10.2.18 Inflation Rate10.2.19 Exports As A Percentage Of Gdp10.2.20 Imports As A Percentage Of Gdp10.2.21 Exports Growth10.2.22 Imports Growth10.2.23 Annual Average Exchange Rate (ron–us$)10.3 Infrastructure10.3.1 Commercial Vehicles Exports Total Value10.3.2 Commercial Vehicles Imports Total Value10.3.3 Automotive Exports Total Value10.3.4 Automotive Imports Total Value10.3.5 Total Internet Subscribers10.4 Labor Force10.4.1 Labor Force10.4.2 Unemployment Rate10.5 DemographicsPersonal Accident and Health Insurance in Romania, Key Trends and Opportunities to 2017
  6. 6. 10.5.1 Gross National Disposable Income (us$)10.5.2 Total Population10.5.3 Urban And Rural Populations10.5.4 Median Age Of The Population10.5.5 Age Distribution Of The Total Population11 Appendix11.1 Methodology11.2 Contact Us11.3 About Timetric11.4 DisclaimerResearchMoz(http://www.researchmoz.us/) is the one stop online destination to find and buy market researchreports & Industry Analysis. We fulfill all your research needs spanning across industry verticals with ourhuge collection of market research reports. We provide our services to all sizes of organizations and across allindustry verticals and markets. Our Research Coordinators have in-depth knowledge of reports as well aspublishers and will assist you in making an informed decision by giving you unbiased and deep insights onwhich reports will satisfy your needs at the best price.Contact:M/s Sheela,90 State Street,Suite 700,Albany NY - 12207United StatesTel: +1-518-618-1030USA - Canada Toll Free 866-997-4948Email: sales@researchmoz.usWebsite: http://www.researchmoz.us/Personal Accident and Health Insurance in Romania, Key Trends and Opportunities to 2017

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