Showing posts with label Personal Accident and Health Insurance Industry. Show all posts
Showing posts with label Personal Accident and Health Insurance Industry. Show all posts

Thursday, June 5, 2014

Malta Non-Life, Personal Accident and Health Insurance Market Key Trends and Opportunities to 2018

Personal Accident and Health Insurance in Malta, Key Trends and Opportunities to 2018

Synopsis
The report provides in depth market analysis, information and insights into the Maltese personal accident and health insurance segment, including:
The Maltese personal accident and health insurance segment's growth prospects by insurance categories
Key trends and drivers for the personal accident and health insurance segment
The various distribution channels in the Maltese personal accident and health insurance segment
The detailed competitive landscape in the personal accident and health insurance segment in Malta
Detailed regulatory policies of the Maltese insurance industry
A description of the personal accident and health reinsurance segment in Malta
Porter's Five Forces analysis of the personal accident and health insurance segment
Summary
The Maltese personal accident and health insurance segment accounted for the lowest share among all the segments in the country's insurance industry during the review period. However, the share of this segment, in terms of gross written premium, improved from 3.7% in 2009 to 6.7% in 2013. Factors such as increase in travel and tourism, rising healthcare expenditure and improved economy aided the growth of the personal accident and health segment during the review period. The written premium of the segment increased at a CAGR of 31.5% during the review period.
Scope
This report provides a comprehensive analysis of the personal accident and health insurance segment in Malta:
It provides historical values for the Maltese personal accident and health insurance segment for the report's 2009-2013 review period and projected figures for the 2013-2018 forecast period.
It offers a detailed analysis of the key sub-segments in Maltese 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 Malta.
Using Porter's industry-standard "Five Forces" analysis, it details the competitive landscape in Malta for the personal accident and health insurance segment.
It provides a detailed analysis of the reinsurance segment in Malta and its growth prospects.
It profiles the top personal accident and health insurance companies in Malta and outlines the key regulations affecting them.
Key highlights
The Maltese personal accident and health insurance segment accounted for the lowest share among all the segments in the country's insurance industry during the review period.
The health insurance category was recorded to have the largest share, in terms of gross written premium, of the segment with a share of 53.0% in 2013.
The personal accident category accounted for the second highest share of 46.6%, in terms of gross written premium, of the personal accident and health segment.
The Maltese personal accident and healthcare insurers are mostly dependent on agencies, which accounted for 54.7% of the total gross written premium collected in 2013.
The Maltese personal accident and health insurance segment contains both domestic and foreign insurers.


Non-Life Insurance in Malta, Key Trends and Opportunities to 2018

Synopsis
The report provides in depth market analysis, information and insights into the Maltese non-life insurance segment, including:
The Maltese non-life insurance segment's growth prospects by non-life insurance categories
Key trends and drivers for the non-life insurance segment
The various distribution channels in the Maltese non-life insurance segment
The detailed competitive landscape in the non-life insurance segment in Malta
Detailed regulatory policies of the Maltese insurance industry
A description of the non-life reinsurance segment in Malta
Porter's Five Forces analysis of the non-life insurance segment
Summary
Non-life insurance is the largest segment of Malta's insurance industry. Non-life insurance penetration was 11.1% in 2013, and is expected to reach 15.5% in 2018. During the review period (2009-2013) the gross written premium of the non-life segment rose at a compound annual growth rate (CAGR) of 13.3%. This growth was fuelled by a favorable regulatory framework, stable economic development and an increase in the country's exports, disposable income and liability regulations. It was also supported by Malta's business-friendly environment, including a low tax regime and direct access to other EU markets. These indicators are expected to remain favorable over the forecast period (2013-2018), and the segment is expected to post a forecast-period CAGR of 8.9%.
Scope
This report provides a comprehensive analysis of the non-life insurance segment in Malta:
It provides historical values for Malta's non-life insurance segment for the report's 2009-2013 review period and projected figures for the 2013-2018 forecast period.
It offers a detailed analysis of the key categiories in Malta's non-life 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 non-life insurance products in Malta.
Using Porter's industry-standard "Five Forces" analysis, it details the competitive landscape in Malta for the non-life insurance segment.
It provides a detailed analysis of the reinsurance segment in Malta and its growth prospects.
It profiles the top non-life insurance companies in Malta and outlines the key regulations affecting them.
Key highlights
Non-life insurance is the largest segment of Malta's insurance industry.
The growth of non-life insurance segment was fuelled by a favorable regulatory framework, stable economic development and an increase in the country's exports, disposable income and liability regulations.
Motor insurance, the second-largest category in the Maltese non-life segment, grew at a review-period CAGR of 18.4% in terms of gross written premium.
Maltese non-life insurers are highly dependent on direct marketing which accounted for 56.5% of the total gross written premium collected in 2013.
The Maltese non-life insurance segment contains both domestic and foreign insurers. As of 2013, 46 companies were licensed to conduct non-life insurance in the country.

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