Personal Accident and Health Insurance in Norway, Key Trends and Opportunities to 2017

Synopsis
The report provides in de...
4.4.1 Loss Ratio
4.4.2 Combined Ratio
4.4.3 Incurred Losses Per Capita
4.4.4 Incurred Losses As A Percentage Of Gdp
4.5 Di...
10.6.1 Types Of Insurance Organization
10.6.2 Establishing A Local Company
10.6.3 Foreign Ownership
10.6.4 Types Of Licens...
12.3.3 Automotive Exports – Total Value
12.3.4 Automotive Imports – Total Value
12.3.5 Total Internet Subscrib...
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Personal Accident and Health Insurance in Norway Key Trends and Opportunities to 2017:New Industry Analysis Report

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Personal Accident and Health Insurance in Norway Key Trends and Opportunities to 2017:New Industry Analysis Report

  1. 1. Personal Accident and Health Insurance in Norway, Key Trends and Opportunities to 2017 Synopsis The report provides in depth market analysis, information and insights into the Norwegian personal accident and health insurance segment, including: The Norwegian personal accident and health insurance segment’s growth prospects by insurance categories Key trends and drivers for the personal accident and health insurance segment The various distribution channels in the Norwegian personal accident and health insurance segment The detailed competitive landscape in the personal accident and health insurance segment in Norway Detailed regulatory framework of the Norwegian insurance industry A description of the personal accident and health reinsurance segment in Norway Porter's Five Forces analysis of the personal accident and health insurance segment A benchmarking section on the Norwegian life insurance segment in comparison with other countries in the Nordic Region Executive summary The Norwegian personal accident and health insurance segment recorded a compound annual growth rate (CAGR) of 9.0% during the review period (2008–2012), the fastest growth of all the segments in the Norwegian insurance industry. The growth was a result of strong growth in the health insurance category, which recorded a healthy CAGR of 19.4%. The growth was also supported by improved economic development and rising healthcare expenditure, factors that are also expected to support the segment over the forecast period (2012–2017). The written premium of the personal accident and health segment is expected to increase at a projected CAGR of 8.1%. Scope This report provides a comprehensive analysis of the personal accident and health insurance segment in Norway: It provides historical values for the Norwegian personal accident and health insurance segment for the report’s 2008–2012 review period and forecast figures for the 2012–2017 forecast period. It offers a detailed analysis of the key sub-segments in Norwegian personal accident and health 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 personal accident and health insurance products in Norway. Using Porter’s industry-standard “Five Forces” analysis, it details the competitive landscape in Norway for the personal accident and health insurance segment. It provides a detailed analysis of the reinsurance segment in Norway and its growth prospects. It profiles the top personal accident and health insurance companies in Norway 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 Norwegian personal accident and health insurance segment and each category within it Understand the demand-side dynamics, key market trends and growth opportunities within the Norwegian personal accident and health insurance segment Assess the competitive dynamics in the personal accident and health 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 Norwegian insurance industry and its impact on companies and the market's future Key highlights The Norwegian personal accident and health insurance segment recorded a CAGR of 9.0% during the review period, the fastest growth of all the segments in the Norwegian insurance industry Favorable demographic factors, such as increased life expectancy and a growing population aged 65 and above, are likely to accelerate demand for health insurance Norway is the second-highest spender when it comes to health expenditure per capita, spending US$5,700 a year per person Sales through agencies accounted for 36.6% of the total personal accident and health written premium The segment is highly concentrated, with the 10 leading companies collectively accounting for 92.2% of the segment’s written premiums in 2012 table Of Contents 1 Executive Summary 2 Introduction 2.1 What Is This Report About? 2.2 Definitions 2.3 Methodology 3 Nordic Region Market Dynamics 3.1 Overview 3.1.1 Market Trends 3.1.2 Market Size 4 Personal Accident And Health Insurance Segment – Regional Benchmarking 4.1 Overview 4.2 Scale And Penetration 4.2.1 Total Gross Written Premium 4.2.2 Premium Per Capita 4.2.3 Personal Accident And Health Insurance Penetration (% Of Gdp) 4.3 Growth 4.3.1 Gross Written Premium 4.3.2 Gross Written Premium Per Capita 4.4 Efficiency And Risk Personal Accident and Health Insurance in Norway, Key Trends and Opportunities to 2017
  2. 2. 4.4.1 Loss Ratio 4.4.2 Combined Ratio 4.4.3 Incurred Losses Per Capita 4.4.4 Incurred Losses As A Percentage Of Gdp 4.5 Distribution Channels 4.5.1 Direct Marketing 4.5.2 Bancassurance 4.5.3 Agencies 4.5.4 Brokers 4.5.5 Online Channels 5 Norwegian Insurance Industry Attractiveness 5.1 Insurance Industry Size, 2008–2017 5.2 Key Industry Trends And Drivers 5.2.1 Business Drivers 6 Personal Accident And Health Insurance Segment Outlook 6.1 Personal Accident And Health Insurance Growth Prospects By Category 6.1.1 Personal Accident Insurance 6.1.2 Travel Insurance 6.1.3 Health Insurance 7 Analysis By Distribution Channels 7.1 Direct Marketing 7.2 Bancassurance 7.3 Agencies 7.4 E-commerce 7.5 Brokers 7.6 Other Channels 8 Porter’s Five Forces Analysis – Norwegian Personal Accident And Health Insurance 8.1 Bargaining Power Of Suppliers: Low To Medium 8.2 Bargaining Power Of Buyers: Medium 8.3 Barriers To Entry: Low To Medium 8.4 Intensity Of Rivalry: Low 8.5 Threat Of Substitutes: Medium 9 Reinsurance Growth Dynamics And Challenges 9.1 Reinsurance Segment Size By Type Of Insurance, 2008–2017 10 Governance, Risk And Compliance 10.1 Legislation Overview And Historical Evolution 10.2 Legislation Trends By Type Of Insurance 10.2.1 Life Insurance Regulatory Trends 10.2.2 Property Insurance Regulatory Trends 10.2.3 Motor Insurance Regulatory Trends 10.2.4 Marine, Aviation And Transit Insurance Regulatory Trends 10.2.5 Personal Accident Insurance Regulatory Trends 10.3 Compulsory Insurance 10.3.1 Workers’ Compensation Insurance 10.3.2 Motor Third Party Liability Insurance 10.3.3 Natural Disaster Insurance For Property Cover 10.4 Supervision And Control 10.4.1 International Association Of Insurance Supervisors 10.4.2 European Insurance And Occupational Pensions Authority (eiopa) 10.4.3 The Financial Supervisory Authority Of Norway (fsa) 10.5 Non-admitted Insurance Regulatory Trends 10.5.1 Overview 10.5.2 Intermediaries 10.5.3 Market Practices 10.5.4 Fines And Penalties 10.6 Company Registration And Operations Personal Accident and Health Insurance in Norway, Key Trends and Opportunities to 2017
  3. 3. 10.6.1 Types Of Insurance Organization 10.6.2 Establishing A Local Company 10.6.3 Foreign Ownership 10.6.4 Types Of License 10.6.5 Capital Requirements 10.6.6 Solvency Margins 10.6.7 Investment Regulations 10.6.8 Statutory Return Requirements 10.7 Taxation 10.7.1 Insurance Premium Or Policy Taxation 10.7.2 Corporate Tax 10.7.3 Vat 10.7.4 Captives 10.8 Legal System 10.8.1 Introduction 10.8.2 Access To Court 10.8.3 Alternative Dispute Resolution (adr) 11 Competitive Landscape And Strategic Insights 11.1 Overview 11.2 Leading Companies In The Norwegian Personal Accident And Health Insurance Segment 11.3 Gjensidige – Company Overview 11.3.1 Gjensidige Forsikring Asa – Key Facts 11.4 If Skadeforsikring – Company Overview 11.4.1 If Skadeforsikring – Key Facts 11.5 Sparebank 1 Forsikring – Company Overview 11.5.1 Sparebank 1 Forsikring – Key Facts 11.6 Storebrand – Company Overview 11.6.1 Storebrand – Key Facts 11.7 Tryg – Company Overview 11.7.1 Tryg – Key Facts 11.8 Codan – Company Overview 11.8.1 Codan – Key Facts 11.9 Dnb – Company Overview 11.9.1 Dnb Forsikring – Key Facts 11.10 Nordea – Company Overview 11.10.1 Nordea – Key Facts 11.11 Aig Europe – Company Overview 11.11.1 Aig Europe – Key Facts 11.12 Ace European Group – Company Overview 11.12.1 Ace European Group – Key Facts 12 Business Environment And Country Risk 12.1 Business Confidence 12.1.1 Market Capitalization Trend – Oslo Børs, Norway 12.2 Economic Performance 12.2.1 Gdp At Constant Prices (us$) 12.2.2 Gdp Per Capita At Constant Prices (us$) 12.2.3 Gdp At Current Prices (us$) 12.2.4 Gdp Per Capita At Current Prices (us$) 12.2.5 Gdp By Key Segments 12.2.6 Agriculture, Hunting, Forestry And Fishing Net Output At Current Prices (us$) 12.2.7 Agriculture, Hunting, Forestry And Fishing Net Output At Current Prices As A Percentage Of Gdp 12.2.8 Manufacturing Net Output At Current Prices (us$) 12.2.9 Manufacturing Net Output At Current Prices As A Percentage Of Gdp 12.2.10 Mining, Manufacturing And Utilities At Current Prices (us$) 12.2.11 Mining, Manufacturing And Utilities At Current Prices, As Percentage Of Gdp 12.2.12 Construction Net Output At Current Prices, (us$) 12.2.13 Construction Net Output At Current Prices As A Percentage Of Gdp 12.2.14 Inflation Rate 12.2.15 Exports As A Percentage Of Gdp 12.2.16 Imports As A Percentage Of Gdp 12.2.17 Annual Average Exchange Rate Us$–jpy 12.3 Infrastructure 12.3.1 Commercial Vehicles Exports – Total Value 12.3.2 Commercial Vehicles Imports – Total Value Personal Accident and Health Insurance in Norway, Key Trends and Opportunities to 2017
  4. 4. 12.3.3 Automotive Exports – Total Value 12.3.4 Automotive Imports – Total Value 12.3.5 Total Internet Subscribers 12.4 Labor Force 12.4.1 Labor Force 12.4.2 Unemployment Rate 12.5 Demographics 12.5.1 Gross National Disposable Income (us$) 12.5.2 Household Consumption Expenditure (us$) 12.5.3 Total Population 12.5.4 Urban And Rural Populations 12.5.5 Age Distribution Of The Total Population 13 Appendix 13.1 Methodology 13.2 Contact Timetric 13.3 About Timetric 13.4 Timetric’s Services 13.5 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/ Personal Accident and Health Insurance in Norway, Key Trends and Opportunities to 2017

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