Life
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Synopsis
The report provides in-depth
market analysis, information and insights into the Romanian life insurance
segment, including:
·
The
Romanian life insurance segment's growth prospects by life insurance categories
·
Key
trends and drivers for the life insurance segment
·
The
various distribution channels in the Romanian life insurance segment
·
The
detailed competitive landscape in the life insurance segment in Romania
·
Detailed
regulatory policies of the Romanian insurance industry
·
A
description of the life reinsurance segment in Romania
·
Porter's
Five Forces analysis of the life insurance segment
·
A
benchmarking section on the Romanian life insurance segment in comparison with
other countries in the Central and Eastern European Region
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Summary
Life insurance is
the second-largest segment in the country's insurance industry, accounting for
21% of gross written premium in 2012. The main reason for the decline in gross
written premium during the review period is the global financial crisis of 2008
which adversely impacted the Romanian economy, producing high unemployment
rates, a high budget deficit, and a fall in demand. The country's GDP declined
by 6.6% in 2009 and 0.9% in 2010. In 2010, the Romanian government implemented
austerity measures such as a reduction in government employee salaries and
social security benefits. This further affected the purchasing power of
Romanians and their ability and willingness to purchase investment products
such as life insurance. The Romanian economy started to recover in 2011,
primarily driven by a considerable increase in agricultural production. The
country's GDP is expected to increase at a CAGR of 2.6% over the forecast
period. This is expected to result in a gradual rise in the demand for life
insurance products.
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Scope
This report provides a
comprehensive analysis of the life insurance segment in Romania:
·
It
provides historical values for the Romanian life insurance segment for the
report's 2008-2012 review period and projected figures for the 2012-2017
forecast period.
·
It
offers a detailed analysis of the key categories in the Romanian life 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 life insurance products in
Romania.
·
Using
Porter's industry-standard "Five Forces" analysis, it details the
competitive landscape in Romania for the life insurance business.
·
It
provides a detailed analysis of the reinsurance segment in Romania and its
growth prospects.
·
It
profiles the top life insurance companies in Romania and outlines the key
regulations affecting them.
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Reasons To Buy
·
Make
strategic business decisions using in depth historic and forecast market data
related to the Romanian life insurance segment and each category within it
·
Understand
the demand-side dynamics, key market trends and growth opportunities within the
Romanian life insurance segment
·
Assess
the competitive dynamics in the life 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 Romanian insurance industry and its
impact on companies and the market's future
Complete Report available http://marketreportsstore.com/life-insurance-in-romania-key-trends-and-opportunities-to-2017/ . Contact sales@marketreportsstore.com /
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