Market Report, "Non-Life Insurance in Austria, Key Trends and Opportunities to 2018", published

From: Fast Market Research, Inc.
Published: Sat Dec 06 2014

Non-life insurance accounted for 44.2% of the Austrian insurance industry's written premium value in 2013, making it its largest segment when compared to the life and personal accident and health segments, which accounted for 39.0% and 16.8% respectively of the overall written premium in 2013. This growth was mainly attributed to the country's favorable regulatory environment for non-life insurers, including the implementation of mandatory liability insurance for doctors, dentists, hospitals and convalescent homes, and rising property prices. The rise in property prices in Vienna supported the property insurance category, to record a review-period CAGR of 3.7%. Improving economic indicators such as increasing household consumption expenditure and stable GDP growth are also expected to drive the segment's growth over the forecast period (2013-2018), recording a CAGR of 3.6%.

Full Report Details at

Report Highlights

* The Austrian non-life insurance segment ranked 21st of the global non-life segment, in terms of gross written premium value, in 2012.
* The non-life insurance segment accounted for 44.2% of the Austrian insurance industry's gross written premium in 2013, after recording a review-period CAGR of 2.7%.
* The property insurance category accounted for the largest market share of the non-life segment's written premium value in 2013, with 46.2%, following a review-period CAGR of 3.4%. Such growth was primarily supported by the country's rising property prices.
* Insurance for pharmacies and psychotherapists became mandatory by Austrian law in April 2014.
* The Austrian non-life segment is consolidated, with the top 10 leading non-life insurers collectively accounting for 80.2% of its written premium in 2013.

Report Scope

This report provides a comprehensive analysis of the non-life insurance segment in Austria:

* It provides historical values for Austria's non-life insurance segment for the report's 2009-2013 review period and forecast figures for the 2013-2018 forecast period.
* It offers a detailed analysis of the key categories in Austria's non-life insurance segment, along with market forecasts until 2018.
* 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 segment.
* It provides a detailed analysis of the reinsurance segment in Austria and its growth prospects.
* It profiles the top non-life insurance companies in Austria and outlines the key regulations affecting them.

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