Recent Study: Personal Accident and Health Insurance in Germany, Key Trends and Opportunities to 2018

Recently published research from Timetric, "Personal Accident and Health Insurance in Germany, Key Trends and Opportunities to 2018", is now available at Fast Market Research

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Boston, MA -- (SBWire) -- 08/01/2014 --The personal accident and health segment accounted for 22.2% of the German insurance industry's gross written premium in 2013, making it the smallest segment in the industry. During the review period (2009-2013), the main growth drivers were a rise in GDP and the flexibility to purchase private health insurance. Consequently, the segment increased at review-period compound annual growth rate (CAGR) of 3.0%. Health insurance accounted for 83.3% of the segment's gross written premium that year, with the German healthcare system including both public and private healthcare services. Although the government provides mandatory health insurance, the German private health insurance category registered a review-period CAGR of 3.5%. This was mainly a result of the government's abolition of a three-year waiting period for individuals to enroll for private health insurance in December 2010. Increasing public awareness of the benefits of private health insurance, and flexibility in accessing private health insurance services, are both expected to support the segment's growth over the forecast period.

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Report Highlights

- The personal accident and health segment accounted for 22.2% of the German insurance industry's gross written premium in 2013, making it the smallest segment in the industry.
- The German personal accident and health segment's penetration rate declined from 1.60% of GDP in 2009 to 1.57% of GDP in 2013.
- The government's abolition of a three-year waiting period for an individual to move from state-regulated to private health insurance enabled more Germans to purchase private health cover.
- The aging population was an important driver of the personal accident and health segment during the review period, a trend that is expected to continue over the forecast period.
- The German health insurance category accounted for 83.3% of the segment's gross written premiums, followed by the personal accident category which accounted for 15.8%.
- The segment is fragmented, with top 10 companies accounting for 64.2% of the total written premium in 2012.

Report Scope

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

- It provides historical values for the German personal accident and health 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 sub-segments in German personal accident and health 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 personal accident and health insurance products in Germany.
- Using Porter's industry-standard "Five Forces" analysis, it details the competitive landscape in Germany for the personal accident and health insurance segment.
- It provides a detailed analysis of the reinsurance segment in Germany and its growth prospects.
- It profiles the top personal accident and health insurance companies in Germany 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 German personal accident and health insurance segment and each category within it
- Understand the demand-side dynamics, key market trends and growth opportunities within the German personal accident and health insurance segment
- Assess the competitive dynamics in the personal accident and health insurance segment, along with the reinsurance segment
- Identify the growth opportunities and market dynamics within key product categories
- Gain insights into key regulations governing the German insurance segment and its impact on companies and the market's future

Companies Mentioned in this Report: Allianz Versicherung AG, Ergo Versicherung AG, R+V Allgemeine Versicherung AG, Signal Iduna Allgemeine Versicherung AG, AachenMunchener Lebensversicherung AG, Debeka Allgemeine Versicherung, Generali Versicherung AG, Axa Versicherung AG, LVM Sachversicherung AG, ADAC-Schutzbrief Versicherung

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View this press release online at: http://rwire.com/534471