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Personal Accident and Health Insurance in Austria, Key Trends and Opportunities to 2020

Published: Aug, 2017 | Pages: 119 | Publisher: Timetric
Industry: Insurance | Report Format: Electronic (PDF)

Synopsis

Timetric's 'Personal Accident and Health Insurance in Austria, Key Trends and Opportunities to 2020' report provides a detailed analysis of the trends, drivers, challenges in the Austrian personal accident and health insurance segment. It provides key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets, total investment income and retentions during the review (2011-2015) and forecast periods (2015-2020). The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the Austrian economy and demographics, and provides detailed information on the competitive landscape in the country. The report brings together Timetric's research, modeling and analysis expertise, giving insurers access to information on segment dynamics and competitive advantages, and profiles of insurers operating in the country. The report also includes details of insurance regulations, and recent changes in the regulatory structure.
Summary

Timetric's 'Personal Accident and Health Insurance in Austria, Key Trends and Opportunities to 2020' report provides in-depth market analysis, information and insights into the Austrian personal accident and health insurance segment, including: • The segment's growth prospects by insurance category • Key trends, drivers and challenges for the segment • A comprehensive overview of the Austrian economy and demographics • The various distribution channels in the segment • Details of the competitive landscape in the segment • Details of regulatory policy applicable to the Austrian insurance industry
Scope

This report provides a comprehensive analysis of the personal accident and health insurance segment in Austria: • It provides historical values for the segment for the report's 2011-2015 review period, and projected figures for the 2015-2020 forecast period. • It offers a detailed analysis of the key categories in the segment, and market forecasts to 2020. • 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 in the segment. • Assess the competitive dynamics in the segment. • Identify growth opportunities and market dynamics in key product categories. • Gain insights into key regulations governing the Austrian insurance industry, and their impact on companies and the industry's future.
Key Highlights

• The new Solvency II standard for insurers came into force in Austria and other European countries in January 2016. • Austrian health insurance consists of a statutory social security system and private health insurance. • In 2016, Allianz introduced a health insurance policy directed specifically towards women, offering cover against gynaecological diseases and related preventive and control examinations.
 Table of Contents
1 Key Facts and Highlights 2 Executive Summary 3 Economy and Demographics 4 Segment Outlook 4.1 Segment Indicators 4.1.1 Gross written premium and penetration 4.1.2 Policies sold 4.1.3 Claims 4.1.4 Profitability 4.1.5 Assets and investments 5 Outlook by Category 5.1 Personal Accident Insurance 5.1.1 Premium 5.1.2 Policies 5.1.3 Claims 5.1.4 Profitability 5.2 Health Insurance 5.2.1 Premium 5.2.2 Policies 5.2.3 Claims 5.2.4 Profitability 5.3 Travel Insurance 5.3.1 Policies 5.3.2 Claims 5.3.3 Profitability 6 Distribution Channel Outlook 7 Competitive Landscape 7.1 Company Profiles 7.1.1 Uniqa osterreich Versicherungen AG - company overview 7.1.2 Wiener Stadtische Versicherung AG - company overview 7.1.3 Merkur Versicherung AG - company overview 7.1.4 Generali Versicherung AG - company overview 7.1.5 Allianz Elementar Versicherungs AG - company overview 8 Governance, Risk and Compliance 8.1 Legislation Overview and Historical Evolution 8.2 Latest Changes in Regulation 8.3 Legislation and Market Practice by Type of Insurance 8.3.1 Life insurance 8.3.2 Property insurance 8.3.3 Motor insurance 8.3.4 Liability insurance 8.3.5 Marine, aviation and transit insurance 8.3.6 Personal accident and health insurance 8.4 Compulsory Insurance 8.4.1 Motor vehicle third-party liability insurance 8.4.2 Social security system 8.4.3 Air carriers and aircraft operators insurance 8.4.4 Professional indemnity insurance for alternative investment fund managers 8.4.5 Professional indemnity insurance for brokers: 8.4.6 Clinical trial liability 8.5 Supervision and Control 8.5.1 International Association of Insurance Supervisors (IAIS) 8.5.2 European Insurance and Occupational Pensions Authority (EIOPA) 8.5.3 Financial Market Authority (FMA) 8.5.4 Federation of European Risk Management Associations (FERMA) 8.6 Non-Admitted Insurance Regulations 8.6.1 Overview 8.6.2 Intermediaries 8.6.3 Market practices 8.6.4 Fines and Penalties 8.7 Company Registration and Operations 8.7.1 Type of insurance organization 8.7.2 Establishing a local company 8.7.3 Foreign ownership 8.7.4 Types of license 8.7.5 Capital requirements 8.7.6 Solvency margins 8.7.7 Reserve requirements 8.7.8 Investment regulations 8.7.9 Statutory return requirements 8.7.10 Fee structure 8.8 Taxation 8.8.1 Insurance premium or policy taxation 8.8.2 Corporate tax 8.8.3 VAT 8.8.4 Captives 8.9 Legal System 8.9.1 Introduction 8.9.2 Access to court 8.9.3 Alternative dispute resolution 9 Databook 9.1 Policies and Premium 9.2 Claims and Expenses 9.3 Assets and Investments 9.4 Personal Accident Insurance 9.5 Health Insurance 9.6 Health Insurance by Product 9.7 Travel Insurance 10 Definitions and Methodology 10.1 Definitions 10.2 Methodology 11 About Timetric 11.1 Contact Timetric 11.2 About Timetric 11.3 Timetric's Services 11.4 Disclaimer
List of Tables
Table 1: Austrian Personal Accident and Health Insurance - Key Facts, 2015 Table 2: Austrian Personal Accident and Health Insurance - Segment Shares of the Top Insurers, 2015 Table 3: Austrian Government Credit Ratings Table 4: Austrian Personal Accident and Health Insurance - Gross Written Premium (EUR Billion and US$ Billion), 2011-2015 Table 5: Austrian Personal Accident and Health Insurance - Gross Written Premium (EUR Billion and US$ Billion), 2015-2020 Table 6: Austrian Personal Accident and Health Insurance - Number of Policies Sold (Million), 2011-2015 Table 7: Austrian Personal Accident and Health Insurance - Number of Policies Sold (Million), 2015-2020 Table 8: Austrian Personal Accident and Health Insurance - Paid Claims (EUR Billion and US$ Billion), 2011-2015 Table 9: Austrian Personal Accident and Health Insurance - Paid Claims (EUR Billion and US$ Billion), 2015-2020 Table 10: Austrian Personal Accident and Health Insurance - Profitability Ratio (%), 2011-2015 Table 11: Austrian Personal Accident and Health Insurance - Profitability Ratio (%), 2015-2020 Table 12: Austrian Personal Accident and Health Insurance - Total Assets (EUR Billion and US$ Billion), 2011-2015 Table 13: Austrian Personal Accident and Health Insurance - Total Assets (EUR Billion and US$ Billion), 2015-2020 Table 14: Austrian Personal Accident and Health Insurance - Total Investment Income (EUR Million and US$ Million), 2011-2015 Table 15: Austrian Personal Accident and Health Insurance - Total Investment Income (EUR Million and US$ Million), 2015-2020 Table 16: Austrian Personal Accident and Health Insurance - Investment Portfolio (EUR Billion), 2011-2015 Table 17: Austrian Personal Accident and Health Insurance - Investment Portfolio (EUR Billion), 2015-2020 Table 18: Austrian Personal Accident and Health Insurance -Gross Written Premium by Category (EUR Billion),2011-2015 Table 19: Austrian Personal Accident and Health Insurance -Gross Written Premium by Category (EUR Billion), 2015-2020 Table 20: Austrian Personal Accident Insurance - Gross Written Premium (EUR Billion and US$ Billion), 2011-2015 Table 21: Austrian Personal Accident Insurance - Gross Written Premium (EUR Billion and US$ Billion), 2015-2020 Table 22: Austrian Personal Accident Insurance - Number of Policies Sold (Million), 2011-2015 Table 23: Austrian Personal Accident Insurance - Number of Policies Sold (Million), 2015-2020 Table 24: Austrian Personal Accident Insurance - Paid Claims (EUR Million and US$ Million), 2011-2015 Table 25: Austrian Personal Accident Insurance - Paid Claims (EUR Million and US$ Million), 2015-2020 Table 26: Austrian Personal Accident Insurance - Loss Ratio (%), 2011-2015 Table 27: Austrian Personal Accident Insurance - Loss Ratio (%), 2015-2020 Table 28: Austrian Health Insurance - Gross Written Premium (EUR Billion), 2011-2015 Table 29: Austrian Health Insurance - Gross Written Premium (EUR Billion), 2015-2020 Table 30: Austrian Health Insurance - Number of Policies Sold (Million), 2011-2015 Table 31: Austrian Health Insurance - Number of Policies Sold (Million), 2015-2020 Table 32: Austrian Health Insurance - Paid Claims (EUR Billion and US$ Billion), 2011-2015 Table 33: Austrian Health Insurance - Paid Claims (EUR Billion and US$ Billion), 2015-2020 Table 34: Austrian Health Insurance - Loss Ratio (%), 2011-2015 Table 35: Austrian Health Insurance - Loss Ratio (%), 2015-2020 Table 36: Austrian Travel Insurance - Number of Policies Sold (Million), 2011-2015 Table 37: Austrian Travel Insurance - Number of Policies Sold (Million), 2015-2020 Table 38: Austrian Travel Insurance - Paid Claims (EUR Million and US$ Million), 2011-2015 Table 39: Austrian Travel Insurance - Paid Claims (EUR Million and US$ Million), 2015-2020 Table 40: Austrian Travel Insurance - Loss Ratio (%), 2011-2015 Table 41: Austrian Travel Insurance - Loss Ratio (%), 2015-2020 Table 42: Austrian Personal Accident and Health Insurance - Market Shares of Leading Insurers (%), 2015 Table 43: Uniqa osterreich Versicherungen AG - Key Facts Table 44: Uniqa osterreich Versicherungen AG - Key Financials (EUR Million), 2011-2015 Table 45: Wiener Stadtische Versicherung AG - Key Facts Table 46: Wiener Stadtische Versicherung AG - Key Financials (EUR Million), 2011-2015 Table 47: Merkur Versicherung AG - Key Facts Table 48: Merkur Versicherung AG - Key Financials (EUR Million), 2011-2015 Table 49: Generali Versicherung AG - Key Facts Table 50: Generali Versicherung AG - Key Financials (EUR Million), 2011-2015 Table 51: Allianz Elementar Versicherungs AG - Key Facts Table 52: Allianz Elementar Versicherungs AG - Key Financials (EUR Million), 2011-2015 Table 53: Austria - Insurance Regulatory Framework Key Features Table 54: Austria - Life Insurance Regulatory Framework Table 55: Austria - Property Insurance Regulatory Framework Table 56: Austria - Motor Insurance Regulatory Framework Table 57: Austria - Bonus-Malus System for Motor Insurance Table 58: Austria - Liability Insurance Regulatory Framework Table 59: Austria - Minimum Coverage for Aircraft Third-Party Liability Per Accident and Aircraft Table 60: Austria- Insurance Premium Tax Rates for the Financial Year 2016 Table 61: Austria - Corporate Tax Rates for the Financial Year 2017 Table 62: Austrian Personal Accident and Health Insurance Industry - Policies and Premium, 2011-2015 Table 63: Austrian Personal Accident and Health Insurance Industry - Policies and Premium, 2015-2020 Table 64: Austrian Personal Accident and Health Insurance - Claims and Expenses, 2011-2015 Table 65: Austrian Personal Accident and Health Insurance - Claims and Expenses, 2015-2020 Table 66: Austrian Personal Accident and Health Insurance - Assets and Investments, 2011-2015 Table 67: Austrian Personal Accident and Health Insurance - Assets and Investments, 2015-2020 Table 68: Austrian Personal Accident and Health Insurance - Personal Accident Insurance, 2011-2015 Table 69: Austrian Personal Accident and Health Insurance - Personal Accident Insurance, 2015-2020 Table 70: Austrian Personal Accident and Health Insurance - Health Insurance, 2011-2015 Table 71: Austrian Personal Accident and Health Insurance - Health Insurance, 2015-2020 Table 72: Austrian Personal Accident and Health Insurance - Health by Product, 2011-2015 Table 73: Austrian Personal Accident and Health Insurance - Health by Product, 2015-2020 Table 74: Austrian Personal Accident and Health Insurance - Travel Insurance, 2011-2015 Table 75: Austrian Personal Accident and Health Insurance - Travel Insurance, 2015-2020 Table 76: Insurance Industry Definitions



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