Boston, MA -- (SBWIRE) -- 02/20/2014 -- In terms of gross written premium, personal accident and health is the smallest segment in the Finnish insurance industry. The government's welfare system, under which healthcare services are free for all Finns, and wide social security cover have limited the requirement for private health insurance. Over the forecast period, personal accident and health insurance growth is expected to be driven by the health insurance category, which accounted for 59.9% of the segment in 2012. Overall, the value of the segment is expected to increase from EUR0.4 billion (US$0.5 billion) in 2012 to EUR0.6 billion (US$0.7 billion) in 2017, at a compound annual growth rate (CAGR) of 8.4%.

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Key Highlights

- Over the forecast period, personal accident and health insurance growth is expected to be driven by the health insurance category, which accounted for 59.9% of the segment in 2012.
- Direct marketing channels, such as the insurers' branches, accounted for 45.4% of the new business gross written premium in 2012, while bancassurance contributed 39.2%.
- The personal accident and health insurance segment accounted for the lowest share, just 2.0%, of the insurance industry in 2012, in terms of total gross written premium.
- In 2012, the health category dominated personal accident and health insurance, with a segment share of 59.2%.
- The five leading companies collectively accounted for 85.9% of the segment's gross written premium in 2012.

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Scope

This report provides a comprehensive analysis of the personal accident and health insurance segment in Finland:

- It provides historical values for the Finnish personal accident and health insurance segment for the report's 2008-2012 review period and expected figures for the 2012-2017 forecast period.
- It offers a detailed analysis of the key sub-segments in Finnish 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 Finland.
- Using Porter's industry-standard "Five Forces" analysis, it details the competitive landscape in Finland for the personal accident and health insurance segment.
- It provides a detailed analysis of the reinsurance segment in Finland and its growth prospects.
- It profiles the top personal accident and health insurance companies in Finland and outlines the key regulations affecting them.

Reasons to Get This Report

- Make strategic business decisions using in-depth historic and forecast market data related to the Finnish personal accident and health insurance segment and each category within it

Companies Mentioned in this Report: If P&C Insurance Company Ltd, Pohjola Insurance Ltd, LocalTapiola Mutual Pension Insurance Company, Eurooppalainen Insurance Company Ltd, Fennia Mutual Insurance Company, Local Insurance Mutual Company, Pohjantahti Mutual Insurance Company, Turva Mutual Insurance Company, Aktia Non-Life Insurance Company Ltd, Forsakringsaktiebolaget Alandia

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