Austria Insurance Market Intelligence - Market Research Reports On Aarkstore Enterprise
Austria Insurance Market Intelligence "The Austrian insurance market is one of the
most developed markets in Continental Europe, because of the high risk awareness (natural perils) and the resultant demand for coverage among the population. Moreover, the growing preference for life insurance policies as a form of pension provision, which ensures dividends through guaranteed interest payments, has also added to the growth of the insurance industry in Austria. In addition, the industry has been recording growth on account of the expanding economy and developing industrial and services sector. Along with the market growth factors, economic drivers, like increasing wages & salaries, social contribution, growing industrial output, exports, etc., have also supported the industry growth over the years.The Austrian insurance market is categorized into three segments: life, non-life & accident, and health insurance. The private health insurance is a part of the statutory health insurance business in the country. The non-life/ accident business has witnessed a growing demand due to rising demand for insurance against natural catastrophes among the Austrians. The life insurance segment has exhibited growth, mainly due to the rising demand for unit-linked life and pension products. Increasing exports, strong industrialization base, expanding services segment, resultant rise in employment opportunities and disposable income, together contributed to the growth of household expenditure, which, in turn, would have a positive impact on the Austrian insurance market.
The present report gives an overview of the Austrian insurance market along with an analysis of the countrys political structure and economic growth. The report provides an insight into the market size and growth in insurance premiums as well as life and non-life premiums. Insurance premiums are discussed in terms of life and non-life segments and the density and penetration levels. The various developments and drivers are also discussed and finally the projections regarding premium growth are given.
By combining SPSS Inc.s data integration and analysis capabilities with our relevant findings, we have predicted the future growth of the Austrian insurance industry. We employed various significant variables that have an impact on this industry and created regression models with SPSS Base to determine the future direction of the industry and its sub-segments life and non-life insurance. Before deploying the regression model, the relationship between several independent or predictor variables and the dependent variable was analyzed using standard SPSS output, including charts, tables and tests.
Table of Contents :
1. Industry Snapshot
1.1 Industry Structure
1.1.1 Political Developments, Changes in the Insurance Market
1.1.2 Legal Structure for Domestic and Foreign Players
1.2 Market Overview
1.2.1 Market Size & Growth
1.2.1.1 Life Insurance Policies as Pension Provision with Guaranteed Returns
1.2.1.2 Economic Factors, Like Salaries, Social Contribution, etc., Driving Insurance
1.2.2 Market Segments
1.2.2.1 Life and Non-Life Segment Having Equal Share of Insurance
1.2.2.2 Health as a Separate Segment
1.2.2.3 Rising Interest and Pension Product Demand Driving Life Segment
1.2.2.4 Frequent Occurrence of Natural Perils Driving Non-Life Segment
1.2.3 Market Density & Penetration
1.2.3.1 Steady Growth in Density, Expanding Gross Premium Written Per Capita
1.2.3.2 Penetration Fluctuating and Declining
1.2.4 Market Share
1.2.4.1 Health Highly Concentrated Among Non-Life Segment
1.2.4.2 Decreasing Players, Increased Competition and Limited Expansion Scope
1.2.4.3 Vienna Group Dominating the Overall Insurance Market
2. Industry Analysis
2.1 Industry Developments
Vienna Insurance Expands Its Partnership with Daimler
ERGO Insurance Acquires Bank Austria Creditanstalt
Vienna Insurance Acquires Insurance Subsidiary of Erste Bank
Acquisition of Prisma and OekB-V
Allianz Austrian Unit Partners with Bank Austria
2.2 Market Drivers
Expanding GDP
Growing Wages & Salaries
Increasing Pension Market
Rising Health Insurance Premium
3. Country Analysis: Risk Assessment
3.1 Political Environment
3.2 Macro-Economic Indicators: Current and Projections
4. Industry Outlook: Forecast and Projections
4.1 Growing Elderly Population and Security to Drive Insurance Products Demand
4.2 Pension Products Expected to Register Growth, Backed by Government Measures
4.3 Protection against Natural Disasters to Drive Non-Life Segment
4.4 Economic Rebound and Increase in Income, Larger Demand for Insurance
List of Tables
Austria: Major Non-Life Insurers Market Share by Segment: 2008
Austria: Main Aggregates of National Accounts (2001-2008)
Austria: Household Expenditure on Insurance (2001-2008)
Austria: Annual Compensation of Employees, Gross and Net Wages & Salaries (2001 - 2008)
Austria: Monthly Compensation of Employees, Gross and Net Wages & Salaries (2001 - 2008)
Austria Population Structure Projection (2008-2015F, 2020F-2050F (5-Year Interval))
Rising Health Expenditure & Health Premium (2005-2008)
Key Macroeconomic Indicators: (2009F 2012F)
List of Charts
Annual Premium Austria Insurance Industry: (2001-2008)
Insurance Premium Share (%) by Segment (2008)
Insurance Premium by Segment (2001-2008)
Life Insurance Premium Share (%) by Segment (2008)
Non-Life Insurance Premium Share (%) by Segment (2008)
Austria Insurance Density (US$): (2001 2008)
Austria Insurance Penetration (%): (2001 2008)
Austria: Major Life Insurers Market Share: (2008)
GDP Growth of Austria: (2001 2008)
Forecast: Austria Insurance Industry: (2008A 2012F)
Forecast: Austria Life & Non-Life Insurance Industry: (2008A 2012F)
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