Fast Market Research recommends "Personal Accident and Health Insurance in Austria, Key Trends and Opportunities to 2018" from Timetric, now available

Boston, MA -- (SBWire) -- 12/04/2014 --The personal accident and health segment generated the least gross written premium in the Austrian insurance industry in 2013. Health insurance was the segment's largest category during the review period (2009-2013). The country's robust social security system provides healthcare cover for 99% of the population, offering little scope for private health insurance. Tax exemptions, coverage of diseases not covered by the social security system, and alternative treatment options including dental care and psychotherapy encourage Austrians to purchase private health insurance.

Despite being the smallest segment, personal accident and health insurance registered the fastest growth, with a review-period CAGR of 3.7%, mainly due to rising government healthcare expenditure. The segment also benefited from an increasing number of outbound passengers due to the country's improved commercial relationships with leading world economies. This enabled the travel insurance category to record stable growth during the review period. The personal accident and health segment is expected to continue its rapid growth over the forecast period (2013-2018), despite the country's strong statutory healthcare scheme and difficult business conditions. The segment's written premium value is expected to increase at a forecast-period CAGR of 4.0%.

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Report Highlights

- As per the Timetric, the Austrian personal accident and health segment ranked 22nd in the world in 2012.

- The personal accident and health segment accounted for the lowest market share, with 16.8% of the Austrian insurance industry.

- The health insurance category accounted for 65.1% of the segment's gross written premium in 2013.

- The social security system discourages investments in private healthcare insurance products, however, the government encourages citizens to purchase private health insurance through tax exemptions.

- The personal accident insurance category grew in written premium value at a review-period CAGR of 4.1%, and is expected to increase at a forecast-period CAGR of 4.5% over the forecast period.

Report Scope

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

- It provides historical values for Austrian 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 Austrian 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 Austria.

- Using Porter's industry-standard "Five Forces" analysis, it details the competitive landscape in Austria for the personal accident and health insurance segment.

- It provides a detailed analysis of the reinsurance segment in Austria and its growth prospects.

- It profiles the top personal accident and health insurance companies in Austria 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 Austrian personal accident and health insurance segment and each category within it

- Understand the demand-side dynamics, key market trends and growth opportunities within Austrian 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 Austrian insurance segment and its impact on companies and the market's future

Companies Mentioned in this Report: Uniqa Osterreich Versicherungen AG, Wiener Stadtische Versicherung AG, Generali Versicherung AG, Merkur Versicherung AG, Allianz Elementar Versicherungs-AG, Donau Versicherung AG, Raiffeisen Versicherung AG, Zurich Versicherungs AG, Wustenrot Versicherungs AG, Sparkassen Versicherung AG

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