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

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Personal Accident and Health Insurance in Austria, Key Trends and Opportunities to 2017
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  • 1. Personal Accident and Health Insurance in Austria, Key Trends and Opportunities to 2017 Synopsis The report provides in depth market analysis, information and insights into the Austrian personal accident and health insurance segment, including: The Austrian 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 Austrian personal accident and health insurance segment Detailed competitive landscape in the personal accident and health insurance segment in Austria A description of the personal accident and health reinsurance segment in Austria Porter's Five Forces Analysis of the personal accident and health insurance segment Benchmarking section on the Austrian personal accident and health insurance segment in comparison to other countries in the category of US$10-40 billion of total gross written premiums Executive summary The personal accident and health insurance segment accounted for the lowest market share (16.4%) of the Austrian insurance industry in 2012. However, in terms of gross written premium, the segment registered strong growth and posted a review-period CAGR of 3.6%. The travel and healthcare insurance categories benefited from Austria’s improving macroeconomic factors, proximity with the world’s leading economies, entry to the EU and growth in the number of inbound and outbound travelers due to commercial partnerships. Scope This report provides a comprehensive analysis of the personal accident and health insurance segment in Austria: It provides historical values for Austria's 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 Austria's 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 Austria Using Porter’s industry-standard “Five Forces” analysis, it details the competitive landscape in Austria for the personal accident and health insurance segment It provides a detailed analysis of the reinsurance segment in Austria and its growth prospects It profiles the top personal accident and health insurance companies in Austria 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 Austrian personal accident and health insurance segment and each category within it Understand the demand-side dynamics, key market trends and growth opportunities within the Austrian 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 Austrian insurance segment and its impact on Personal Accident and Health Insurance in Austria, Key Trends and Opportunities to 2017
  • 2. companies and the market's future Key highlights The personal accident insurance category grew in written premium value at a review-period CAGR of 4.1%, and is expected to increase post a forecast-period CAGR of 3.7% Private health insurance is complementary in Austria and people choose it on the basis that it cover diseases not covered under the statutory system and can shorten waiting times The Austrian social security system discourages investments in private healthcare insurance products The increasing number of outbound travelers from Austria and the country’s improving commercial relationships with neighboring countries is expected to support the growth of the travel insurance category over the forecast period The Austrian personal accident and health insurance segment is highly concentrated, with the four leading companies together accounting for 95.7% of the segment’s total 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 Regional Market Dynamics 3.1 Overview 3.1.1 Market Trends 3.1.2 Market Size 4 Personal Accident And Health Insurance 4.1 Scale And Penetration 4.1.1 Total Market Gross Written Premium 4.1.2 Premium Per Capita 4.1.3 Personal Accident And Health Insurance Penetration 4.2 Growth 4.2.1 Gross Written Premium 4.2.2 Gross Written Premium Per Capita 4.3 Efficiency And Risk 4.3.1 Loss Ratio 4.3.2 Combined Ratio 4.3.3 Incurred Losses Per Capita 4.3.4 Incurred Losses As A Percentage Of Gdp Personal Accident and Health Insurance in Austria, Key Trends and Opportunities to 2017
  • 3. 4.4 Distribution Channels 4.4.1 Direct Marketing 4.4.2 Brokers 4.4.3 Bancassurance 4.4.4 Agencies 5 Austrian Insurance Industry Attractiveness 5.1 Insurance Industry Size, 2008–2017 5.2 Key Industry Trends And 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 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 – Austrian Personal Accident And Health Insurance Segment 8.1 Bargaining Power Of Supplier: Low To Medium 8.2 Bargaining Power Of Buyer: Medium 8.3 Barriers To Entry: Medium 8.4 Intensity Of Rivalry: Low To Medium 8.5 Threat Of Substitutes: Medium 9 Reinsurance Growth Dynamics And Challenges 9.1 Reinsurance Segment Size, 2008–2017 9.2 Reinsurance Segment Size By Type Of Insurance, 2008–2017 10 Governance, Risk And Compliance 10.1 Legislation Overview And Historical Evolution Personal Accident and Health Insurance in Austria, Key Trends and Opportunities to 2017
  • 4. 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 10.2.6 Health Insurance Regulatory Trends 10.3 Compulsory Insurance 10.3.1 Motor Vehicle Third-party Liability Insurance 10.3.2 Social Security System 10.4 Supervision And Control 10.4.1 International Association Of Insurance Supervisors (iais) 10.4.2 European Insurance And Occupational Pensions Authority (eiopa) 10.4.3 Financial Market Authority (fma) 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 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 Reserve Requirements 10.6.8 Investment Regulations 10.6.9 Statutory Return Requirements 10.6.10 Fee Structure 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 Personal Accident and Health Insurance in Austria, Key Trends and Opportunities to 2017
  • 5. 11.2 Leading Companies In The Austrian Personal Accident And Health Insurance Segment 11.3 Comparison Of The Top Four Personal Accident And Health Insurers 11.3.1 Gross Written Premium 11.3.2 Net Earned Premiums 11.3.3 Gross Claims 11.3.4 Paid Claims 11.3.5 Assets 11.4 Uniqa Österreich Versicherungen Ag – Company Overview 11.4.1 Uniqa Österreich Versicherungen Ag – Key Facts 11.4.2 Uniqa Österreich Versicherungen Ag – Key Financials 11.5 Wiener Städtische Versicherung Ag Vienna Insurance Group – Company Overview 11.5.1 Wiener Städtische Versicherung Ag – Key Facts 11.5.2 Wiener Städtische Versicherung Ag – Key Financials 11.6 Merkur Versicherung Ag – Company Overview 11.6.1 Merkur Versicherung Ag – Key Facts 11.6.2 Merkur Versicherung Ag – Key Financials 11.7 Generali Versicherung Ag – Company Overview 11.7.1 Generali Versicherung Ag – Key Facts 11.7.2 Generali Versicherung Ag – Key Financials 12 Business Environment And Country Risk 12.1 Business Confidence 12.1.1 Market Capitalization Trend – Vienna Stock Exchange, Austria 12.2 Economic Performance 12.2.1 Gdp At Constant Prices (us$) 12.2.2 Gdp Per Capita At Constant Prices (us Dollar) 12.2.3 Gdp At Current Prices (us Dollar) 12.2.4 Gdp Per Capita At Current Prices (us Dollar) 12.2.5 Gdp By Key Segments 12.2.6 Agriculture Net Output At Current Prices (us Dollar) 12.2.7 Agriculture 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$) 12.2.13 Construction Net Output At Current Prices As A Percentage Of Gdp 12.2.14 Inflation Rate 12.2.15 Exports As A Percentage Of Gdp 12.2.16 Imports As A Percentage Of Gdp 12.2.17 Exports Growth 12.2.18 Imports Growth Personal Accident and Health Insurance in Austria, Key Trends and Opportunities to 2017
  • 6. 12.2.19 Annual Average Exchange Rate Eur–us$ 12.3 Infrastructure Quality And Availability 12.3.1 Commercial Vehicles Exports – Total Value 12.3.2 Commercial Vehicles Imports – Total Value 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 Total Population 12.5.3 Urban And Rural Populations 12.5.4 Median Age Of Population 12.5.5 Age Distribution Of The Total Population 13 Appendix 13.1 Methodology 13.2 Contact Us 13.3 About Timetric 13.4 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 Austria, Key Trends and Opportunities to 2017