Hungary Insurance Market Intelligence "The strong growth of the Hungarian insurance market is evident by the fact that it more than doubled from 2000 to 2008 in the local currency. The most important development in the Hungarian insurance sector is the entry of large multinational companies during the first half of the nineties. As a result of this, most of Hungary's top insurance companies were able to apply international standards and products...more
Incapacity Income insurance is one thing that almost all young professionals never suppose about. It's difficult for many young folks to perceive the requirement for Incapacity insurance as a result of the thought of becoming disabled almost seems unrealistic. It will happen however, and in step with Social Security Quick Facts, 3 in 10 young employees can become seriously disabled before retirement.As an attorney "to-be", you've got a lot of...more
Czech Republic Insurance Market Intelligence "The Czech insurance industry has been growing at a notable pace since the early nineties, mainly because of government reforms, increasing income, and household expenditure in non-food categories, demand for investment-linked products and improved sales channel (bancassurance). Despite the slowdown of domestic economy in 2008, the insurance sector recorded growth, particularly on account of the number of vehicles registered. Growth was also supported by increased demand for insurance resulting from changes in legislations which introduced effective penalization of those who fail to pay motor third party liability insurance, which is compulsory under the law. Increased available income, investment in non-food items, such as automobiles and property, and demand for health and retirement-savings product, compulsory motor third-party liability insurance and aging population are some of the important growth drivers of the industry.In terms of segment wise market share, the non-life businesses have dominated the domestic insurance market. However, with the rising popularity of unit-linked and assurance on death, survival, etc. products, the...more
Croatia Insurance Market Intelligence "The insurance market of Croatia has been growing strongly since the last few years. The industry is mainly thriving as a result of the notable performance of the life insurance segment as well as the contribution of third party motor insurance. The insurance portfolio of Croatia is different from that of the...more
Bulgaria Insurance Market Intelligence "The insurance industry of Bulgaria is very small and fragmented in structure as compared with the larger European Union economies. In the coming three to four years, the Bulgarian insurance market is expected to witness a continual growth, on account of increasing wealth. Factors including strong economy,...more
Lebanon Insurance Market Intelligence "Lebanon's insurance sector is more significant economically, more advanced, and more innovative than those of its Arab neighbors. Also, the insurance sector is open and liberal supported by the free market economy. Private players hold the lead with highest shares as there is less government intervention. The life insurance segment is relatively smaller in size as compared with the non-life insurance segment, mainly because of the lack of government intervention and laws. Besides registering the highest insurance penetration rate in the MENA region, the Lebanese insurance industry also recorded a healthy premium growth. Lebanon is one of the only seven countries in the world which scored profits in 2008 due to its free economy structure and control of private companies. The continuous growth in its national economy helped the insurance sector to grow with a rising growth rate.The demand for motor insurance and medical insurance are the major growth drivers for the non-life insurance segment. The large deficit of the governmental system in terms of management and coverage favors the development of several types of insurances activities. Health,...more
Egypt Insurance Market Intelligence "Egypt is one of the few countries globally which have the lowest per capita expenditure on insurance. However, its insurance market has witnessed growth in premiums, mainly on account of improved productivity of...more
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,...more
Switzerland Insurance Market Intelligence "Switzerland has a long-established and well-developed insurance industry and is one of the leading insurance centers in the world. It ranks among the top five countries in the world, in terms of per capita...more
However, in the beginning the premiums are high. There are very limited amount of organizations which provide these services. Therefore, a person must go to an insurance advisor and ask for the best insurance providing company and also about the type...more
When a motorist has their license suspended or revoked due to high risk actions, such as driving under the influence, reckless driving, failure to carry proper insurance, or automotive accidents, it almost certainly hinders their ability to purchase...more
Funeral insurance is a type of personal cover which provides your loved ones with a lump sum payment after you pass away. These funds are typically used to pay for funeral and burial costs; however there is no rule that dictates how the lump sum of...more