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...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 EU states. The reason behind this is that the insurance sector is dominated by non-life insurance...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, higher income and non-food expenditure, particularly automobiles and real-estate, are the major growth drivers of the insurance segment, especially the non-life insurance segment in Bulgaria. The Bulgarian economy is booming on account of increasing exports, rising foreign investment and increasing wealth of the Bulgarians. The entry of new players as well as the expansion of insurance demand, led to an increase of the sectors contribution to the overall GDP.The non-life insurance segment represents the largest part of the Bulgarian insurance industry. The life businesses, the endowment and annuity products in particular, are expected to be the main growth drivers of the life segment. In addition to the expansion of life, annuities and accident products, the life market also witnessed growth on account of better returns on unit-linked...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...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 the sector as well as strong economic growth and the initiation of several major infrastructure...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, 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...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
Insurance - A Working Example - Part I By: Willis J. Watson About the Author Willis J. Watson is a freelance writer since 2006, living in United States and he writes about he enjoys the most...insurance policies. If you want to...more
Insurance - A Working Example - Part II By: Willis J. Watson About the Author Willis J. Watson is a freelance writer since 2006, living in United States and he writes about he enjoys the most...insurance policies. If you want...more