Naperville, IL -- (SBWIRE) -- 12/24/2012 -- The Austrian insurance industry is one of the largest in the EU and contributes significantly to the nation’s GDP. The segment is highly concentrated with the 10-leading insurers accounting for a market share of XX% of the segment’s total gross written premium in 2011. The remainder was contributed by XX smaller companies. By the end of 2011, XX companies were licensed to conduct non-life insurance business operations in Austria. However, the number of life insurance companies in Austria reduced due to the global financial crisis and subsequent sovereign debt concerns. The number of life insurance companies in Austria is expected to decrease over the forecast period due to proposed regulatory changes such as the introduction of Solvency II legislation in 2014, which will demand higher capital requirements in order to be operational in the segment. Consequently, smaller firms are expected to be acquired by large companies.
Scope
This report provides a comprehensive analysis of the life insurance market in Austria:
- It provides historical values for Austria’s insurance industry market size for the report’s 2007–2011 review period and forecast figures for the 2011–2016 forecast period
- Using Porter’s industry-standard “Five Forces” analysis, it details the competitive landscape in Austria for the life insurance business
- It profiles the top life insurance companies in Austria and outlines the key regulations affecting them
- It provides a comprehensive analysis of the business environment and country risk for Austria
Reasons to Buy
- Make strategic business decisions using historic and forecast market data related to the Austrian insurance industry and each sector within it
- Understand the demand-side dynamics, key market trends and growth opportunities within the Austrian insurance industry
- Develop market-entry strategies by understanding the key market opportunities
- Assess the competitive dynamics in the Austrian life insurance market
- Identify key operators in the Austrian insurance industry, along with profiles on those companies
Key Highlights
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Companies Mentioned
Wiener Städtische Versicherung AG Sparkassen Versicherung AG Generali Versicherung AG Finance Life Lebensversicherung AG Bank Austria Creditanstalt Versicherung AG Raiffeisen Versicherung Allianz Elementar Lebensversicherungs AG UNIQA Personenversicherung AG Wüstenrot Versicherungs AG Donau Versicherung AG
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http://www.reportstack.com/product/89399/industry-dynamics-and-competitive-landscape-in-the-austrian-life-insurance-industry-to-2016-market-profile.html