Recent Market Report: Non-Life Insurance in Estonia, Key Trends and Opportunities to 2017

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Non-Life Insurance in Estonia, Key Trends and Opportunities to 2017 Synopsis The report provides in depth market analysis, information and insights into the Estonian non-life insurance segment , including:
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Recent Market Report: Non-Life Insurance in Estonia, Key Trends and Opportunities to 2017

  1. 1. Non-Life Insurance in Estonia, Key Trends and Opportunities to 2017 Synopsis The report provides in depth market analysis, information and insights into the Estonian non-life insurance segment , including: The Estonian non-life insurance market’s growth prospects by non-life insurance categories Key trends and drivers for the non-life insurance segment The various distribution channels in the Estonian non-life insurance segment Detailed competitive landscape in the non-life insurance segment in Estonia A description of the non-life reinsurance segment in Estonia Porter's Five Forces Analysis of the non-life insurance segment Executive summary The non-life insurance segment was the largest segment in the Estonian insurance industry in 2012 with a market share of 58.2%. Despite this large share, the segment increased at a CAGR of 0.3% during the review period, the lowest growth rate of all three segments. Falling property and motor sales during the review period were the major reason behind such a low growth rate. However, with the ongoing recovery in both these sectors in 2012, the non-life segment is expected to grow at a CAGR of 3.8% over the forecast period. Scope This report provides a comprehensive analysis of the non-life insurance market in Estonia: It provides historical values for Estonia’s non-life insurance market 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 Estonia’s non-life insurance market, 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 non-life insurance products in Estonia Using Porter’s industry-standard “Five Forces” analysis, it details the competitive landscape in Estonia for the non-life insurance business It provides a detailed analysis of the reinsurance market in Estonia and its growth prospects It profiles the top non-life insurance companies in Estonia and outlines the key regulations affecting them Reasons to buy Make strategic business decisions using historic and forecast market data related to the Estonian non-life insurance market and each sector within it Understand the demand-side dynamics, key market trends and growth opportunities within the Estonian non-life insurance market Assess the competitive dynamics in the non-life insurance market, along with the reinsurance segment Identify the growth opportunities and market dynamics within key product categories Gain insights into key regulations governing the Estonian insurance market and its impact on companies and the market's future Key highlights The direct premium in the segment declined by -2.4% in 2009 due to the adverse impact of the financial crisis. It recovered in 2010 and registered a year on year growth of 0.1% The leading non-life products sold include motor, compulsory motor liability, and property insurance. General third-party liability and marine, aviation and transit cover accounted for less than 6% of the segment in 2012 The non-life segment increased from EUR263.6 million (US$387.8 million) in 2008 to EUR266.4 million (US$371.0 million) in 2012, registering a CAGR of 0.3% during the review period Motor insurance accounted for 64.5% of the non-life segment in 2012. Within the category, motor hull insurance accounted for 55.8% in 2012 while compulsory motor third-party liability insurance accounted for 44.2% Non-Life Insurance in Estonia, Key Trends and Opportunities to 2017
  2. 2. table Of Contents 1 Executive Summary 2 Introduction 2.1 What Is This Report About? 2.2 Definitions 2.3 Methodology 3 Estonian Insurance Industry Attractiveness 3.1 Estonian Insurance Industry Size, 2008–2017 3.2 Key Industry Trends And Drivers 3.3 Recent Market Developments 4 Non-life Insurance Outlook 4.1 Non-life Insurance Growth Prospects 4.1.1 Property Insurance 4.1.2 Fire And Allied Perils Insurance 4.1.3 Engineering Insurance 4.1.4 Agriculture Insurance 4.1.5 Other Property 4.2 Motor Insurance 4.2.1 Motor Hull 4.2.2 Motor Third-party 4.3 General Third-party 4.4 Marine, Aviation And Transit 4.4.1 Marine 4.4.2 Marine Hull 4.4.3 Marine Third-party 4.4.4 Transit 5 Analysis By Distribution Channels 5.1 Direct Marketing 5.2 Bancassurance 5.3 Agencies 5.4 E-commerce 5.5 Brokers 5.6 Other Channels 6 Governance, Risk And Compliance 6.1 Legislation Overview And Historical Evolution Non-Life Insurance in Estonia, Key Trends and Opportunities to 2017
  3. 3. 6.2 Regulations By Type Of Insurance 6.2.1 Life Insurance Regulations 6.2.2 Property Insurance Regulations 6.2.3 Motor Insurance Regulations 6.2.4 Marine, Aviation And Transit Insurance Regulations 6.2.5 Personal Accident And Health Insurance Regulatory Trends 6.3 Compulsory Insurance 6.3.1 Motor Third-party Liability Insurance 6.3.2 Social Security System 6.4 Supervision And Control 6.4.1 International Association Of Insurance Supervisors (iais) 6.4.2 European Insurance And Occupational Pensions Authority (eiopa) 6.4.3 Financial Supervision Authority 6.5 Non-admitted Insurance Regulations 6.5.1 Overview 6.5.2 Intermediaries 6.5.3 Market Practices 6.5.4 Fines And Penalties 6.6 Company Registration And Operations 6.6.1 Types Of Insurance Organization 6.6.2 Establishing A Local Company 6.6.3 Foreign Ownership 6.6.4 Types Of License 6.6.5 Capital Requirements 6.6.6 Solvency Margins 6.6.7 Reserve Requirements 6.6.8 Investment Regulations 6.6.9 Statutory Return Requirements 6.6.10 Fee Structure 6.7 Taxation 6.7.1 Insurance Premium Or Policy Taxation 6.7.2 Corporate Tax 6.7.3 Vat 6.7.4 Captives 6.8 Legal System 6.8.1 Introduction 6.8.2 Access To Court 6.8.3 Alternative Dispute Resolution (adr) 7 Porter’s Five Forces Analysis 7.1 Bargaining Power Of Supplier: Low To Medium 7.2 Bargaining Power Of Buyer: Medium 7.3 Barriers To Entry: Low To Medium 7.4 Intensity Of Rivalry: High 7.5 Threat Of Substitutes: Low Non-Life Insurance in Estonia, Key Trends and Opportunities to 2017
  4. 4. 8 Reinsurance Growth Dynamics And Challenges 8.1 Reinsurance Segment Size, 2008–2017 8.2 Reinsurance Segment Size By Insurance Segment, 2008–2017 9 Competitive Landscape And Strategic Insights 9.1 Overview 9.2 Leading Companies In The Estonian Non-life Insurance Segment 9.3 If P&c Insurance As – Company Overview 9.3.1 If P&c Insurance As – Key Facts 9.3.2 If P&c Insurance As – Key Financials 9.4 Seesam Insurance As – Company Overview 9.4.1 Seesam Insurance As – Key Facts 9.4.2 Seesam Insurance As – Key Financials 9.5 Ergo Insurance Se – Company Overview 9.5.1 Ergo Insurance Se – Key Facts 9.5.2 Ergo Insurance Se – Key Financials 9.6 Salva Kindlustuse As – Company Overview 9.6.1 Salva Kindlustuse As – Key Facts 9.6.2 Salva Kindlustuse As – Key Financials 9.7 Inges Kindlustus – Company Overview 9.7.1 Inges Kindlustus – Key Facts 9.7.2 Inges Kindlustus – Key Financials 10 Business Environment And Country Risk 10.1 Business Confidence 10.1.1 Market Capitalization Trend – Tallinn Stock Exchange, Estonia 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$) 10.2.5 Gdp By Key Segments 10.2.6 Agriculture, Hunting, Forestry, Fishing Net Output At Current Prices (eur) 10.2.7 Agriculture, Hunting, Forestry, Fishing Net Output At Current Prices (us$) 10.2.8 Agriculture, Hunting, Forestry, Fishing Net Output At Current Prices As A Percentage Of Gdp 10.2.9 Manufacturing Net Output At Current Prices (eur) 10.2.10 Manufacturing Net Output At Current Prices (us$) 10.2.11 Manufacturing Net Output At Current Prices As A Percentage Of Gdp 10.2.12 Mining, Manufacturing And Utilities Net Output At Current Prices (eur) 10.2.13 Mining, Manufacturing And Utilities At Current Prices (us$) 10.2.14 Mining, Manufacturing And Utilities At Current Prices As A Percentage Of Gdp 10.2.15 Construction Net Output At Current Prices (eur) 10.2.16 Construction Net Output At Current Prices (us$) 10.2.17 Construction Net Output At Current Prices As A Percentage Of Gdp 10.2.18 Inflation Rate Non-Life Insurance in Estonia, Key Trends and Opportunities to 2017
  5. 5. 10.2.19 Exports As A Percentage Of Gdp 10.2.20 Imports As A Percentage Of Gdp 10.2.21 Exports Growth 10.2.22 Imports Growth 10.2.23 Annual Average Exchange Rate Eur–us$ 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 10.5 Demographics 10.5.1 Gross National Disposable Income (us$) 10.5.2 Total Population 10.5.3 Urban And Rural Population 10.5.4 Age Distribution Of The Total Population 11 Appendix 11.1 Methodology 11.2 Contact Us 11.3 About Timetric 11.4 Disclaimer Market Research Report(http://www.marketresearchreports.biz/) Marketresearchreports.biz is the most comprehensive collection of market research reports. Marketresearchreports.biz services are especially designed to save time and money of our clients. We are a one stop solution for all your research needs, our main offerings are syndicated research reports, custom research, subscription access and consulting services. We serve all sizes and types of companies spanning across various industries. 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.com Website: www.marketresearchreports.biz Non-Life Insurance in Estonia, Key Trends and Opportunities to 2017

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