Non life insurance in austria, key trends and opportunities to 2016
Non-Life Insurance in Austria, Key Trends and Opportunities to2016The report provides in depth market analysis, information and insights into the Austrian non-lifeinsurance market, including: The Austrian non-life insurance market’s growth prospects by non-life insurance categories The various distribution channels in the Austrian non-life insurance market The competitive landscape in the non-life insurance market in Austria A description of the non-life reinsurance market in AustriaExecutive summaryGrowth in the industry was mainly attributed to the country’s favorable regulatory environmentfor non-life insurers, including the implementation of mandatory liability insurance for doctors,dentists, hospitals and convalescent homes and rising passenger car sales, which helped themotor insurance category to record higher growth during the review period. The segment alsobenefited from rising property prices in Vienna and other cities of Austria as this increased thevalue of property insurance products during the review period. These factors and Austria’simproving macroeconomic fundamentals such increasing per capita disposable income and stableGDP growth over the forecast period are expected to enable the non-life insurance segment torecord a CAGR of 2.24% over the forecast period (2012–2016).ScopeThis report provides a comprehensive analysis of the non-life insurance market in Austria: It provides historical values for the Austrian non-life insurance market for the report’s 2007–2011 review period and forecast figures for the 2012–2016 forecast period It offers a detailed analysis of the key sub-segments in the Austrian non-life insurance market, along with market forecasts until 2016 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 Austria Using Porter’s industry-standard “Five Forces” analysis, it details the competitive landscape in Austria for the non-life insurance business It provides a detailed analysis of the reinsurance market in Austria and its growth prospects It profiles the top non-life insurance companies in Austria and outlines the key regulations affecting them
Key highlights Austrian policymakers amended the provisions related to liability insurance for doctors, dentists, hospitals and convalescent homes in 2010, and it is now compulsory for these practitioners to have liability insurance with a minimum sum insured of EUR2.0 million. Demand for environmental coverage is expected to grow over the forecast period, as companies with higher environmental exposure are purchasing this type of insurance to counter unforeseen damages claims. The segment also benefited from rising property prices in Vienna and other cities in Austria as this increased the value of property insurance products during the review period. The number of motor insurance policies sold in Austria increased substantially during the review period due to the increase in automobile sales during the review period. The Austrian non-life insurance segment is dominated by multinationals and is highly concentrated. Generali Versicherung AG is the leading non-life insurance company in Austria followed by Uniqa Sachversicherung AG and Wiener Städtische Versicherung AG.Reasons to buy Make strategic business decisions using in depth historic and forecast market data related to the Austrian non-life insurance market and each sector within it Understand the demand-side dynamics, key market trends and growth opportunities within the Austrian 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 Austrian insurance market and its impact on companies and the markets futureBuy your copy of this report @ http://www.reportsnreports.com/reports/183586-non-life-insurance-in-austria-key-trends-and-opportunities-to-2016.htmlReport Details:Published: July 2012No. of Pages: 249Price : Single User License: US$ 1950 Price : Corporate User License: US$ 5850
Table of contents1 Executive Summary2 Introduction2.1 What is this Report About?2.2 Definitions2.3 Methodology3 Austrian Insurance Industry Attractiveness3.1 Insurance Industry Market Size, 2007–20163.2 Key Industry Trends and Drivers3.2.1 Business drivers3.2.2 Consumer drivers3.3 Recent Market Developments4 Non-Life Insurance Segment Outlook4.1 Non-Life Insurance Growth Prospects by Category4.2 Property Insurance4.2.1 Fire and allied perils insurance sub-category4.2.2 Engineering insurance sub-category4.2.3 Agriculture insurance sub-category4.2.4 Other property sub-category4.3 Motor Insurance4.3.1 Motor hull sub-category4.3.2 Motor third-party sub-category4.4 General Third-Party Insurance4.5 Aviation and Transit Insurance4.5.1 Aviation sub-category4.5.2 Transit sub-category5 Analysis by Distribution Channels5.1 Direct Marketing Channel5.2 Bancassurance Channel5.3 Agencies Channel5.4 E-Commerce Channel5.5 Brokers Channel5.6 Other Channels6 Regulatory Policies7 Porter’s Five Forces Analysis – Austrian Non-Life Insurance Market7.1 Bargaining Power of Supplier: Medium7.2 Bargaining Power of Buyer: Low to Medium7.3 Barriers to Entry: Low to Medium7.4 Intensity of Rivalry: Low
7.5 Threat of Substitutes: Low8 Reinsurance Growth Dynamics and Challenges8.1 Reinsurance market size, 2007–20168.2 Reinsurance segment size by type of insurance, 2007–20169 Competitive Landscape and Strategic Insights9.1 Overview9.2 Leading Companies in the Austrian Non-Life Insurance Market9.3 Comparison of Top Five Insurers9.3.1 Gross written premium9.4 Generali Versicherung AG – Company Overview9.4.1 Generali Versicherung AG – key facts9.4.2 Generali Versicherung AG – key financials9.5 Wiener Städtische Versicherung AG Vienna Insurance Group – Company Overview9.5.1 Wiener Städtische Versicherung AG Vienna Insurance Group – key facts9.5.2 Wiener Städtische Versicherung AG Vienna Insurance Group – key financials9.6 Uniqa Sachversicherung AG – Company Overview9.6.1 Uniqa Sachversicherung AG – key facts9.7 Allianz Elementar Versicherungs AG – Company Overview9.7.1 Allianz Elementar Versicherungs AG – key facts9.7.2 Allianz Elementar Versicherungs AG – key financials9.8 Donau Versicherung AG Vienna Insurance Group – Company Overview9.8.1 Donau Versicherung AG Vienna Insurance Group – key facts9.8.2 Donau Versicherung AG Vienna Insurance Group – key financials9.9 Zürich Versicherungs AG – Company Overview9.9.1 Zürich Versicherungs AG – key facts9.9.2 Zürich Versicherungs AG – key financials9.1 Grazer Wechselseitige Versicherung AG – Company Overview9.10.1 Grazer Wechselseitige Versicherung AG – key facts9.11 Oberösterreichische Versicherung AG – Company Overview9.11.1 Oberösterreichische Versicherung AG – key facts9.12 Niederösterreichische Versicherung AG – Company Overview9.12.1 Niederösterreichische Versicherung AG – key facts9.13 HDI Versicherung AG – Company Overview9.13.1 HDI Versicherung AG – key facts10 Business Environment and Country Risk10.1 Business Confidence10.1.1 Business confidence indicator10.1.2 Market capitalization trend – Vienna Stock Exchange, Austria10.2 Economic Performance10.2.1 GDP at constant prices (US dollar)10.2.2 GDP per capita at constant prices (US dollar)10.2.3 GDP at current prices (US dollar)10.2.4 GDP per capita at current prices (US dollar)
10.2.5 GDP by key segments10.2.6 Agricultural net output at current prices (EUR)10.2.7 Agricultural net output at current prices (US dollar)10.2.8 Agricultural net output at current prices as a percentage of GDP10.2.9 Manufacturing net output at current prices (EUR)10.2.10 Manufacturing net output at current prices (US dollar)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 (EUR)10.2.13 Mining, manufacturing and utilities at current prices (US dollar)10.2.14 Mining, manufacturing and utilities at current prices, as percentage of GDP10.2.15 Construction net output at current prices (EUR)10.2.16 Construction net output at current prices, (US dollar)10.2.17 Construction net output at current prices as a percentage of GDP10.2.18 Inflation rate10.2.19 Current account balance as a percentage of GDP10.2.20 Exports as a percentage of GDP10.2.21 Imports as a percentage of GDP10.2.22 Exports growth10.2.23 Imports growth10.2.24 Annual average exchange rate US$–EUR10.2.25 End-of-period exchange rate US$–EUR10.3 Infrastructure Quality and Availability10.3.1 Total airports and sea ports10.3.2 Railways and roadways10.3.3 Passenger vehicle production volume10.3.4 Commercial vehicle production volume10.3.5 Automotive component exports trend10.3.6 Automotive component imports trend10.3.7 Passenger car penetration10.3.8 Healthcare expenditure10.3.9 Healthcare expenditure as a percentage of GDP10.3.10 Healthcare expenditure per capita10.3.11 Total internet subscribers10.4 Labor Force10.4.1 Labor force10.4.2 Unemployment rate10.5 Demographics10.5.1 Annual disposable income10.5.2 Annual per capita disposable income10.5.3 Total population10.5.4 Urban and rural population10.5.5 Females as a percentage of the total population10.5.6 Males as a percentage of the total population10.5.7 Mean age of the population10.5.8 Median age of population10.5.9 Population density
10.5.10 Age distribution of the total population10.5.11 Age distribution of the male population10.5.12 Age distribution of the female population10.5.13 Number of households10.6 Political and Social Risk10.6.1 Political stability10.6.2 Terrorism index10.6.3 Transparency indexContact: firstname.lastname@example.org for further details.