The report provides in depth market analysis, information and insights into the Austrian non-life insurance market, including:
The Austrian non-life insurance market’s growth prospects by non-life insurance categories
The various distribution channels in the Austrian non-life insurance market
The competitive landscape in the non-life insurance market in Austria
A description of the non-life reinsurance market in Austria
Executive summary
Growth in the industry was mainly attributed to the country’s favorable regulatory environment for non-life insurers, including the implementation of mandatory liability insurance for doctors, dentists, hospitals and convalescent homes and rising passenger car sales, which helped the motor insurance category to record higher growth during the review period. The segment also benefited from rising property prices in Vienna and other cities of Austria as this increased the value of property insurance products during the review period. These factors and Austria’s improving macroeconomic fundamentals such increasing per capita disposable income and stable GDP growth over the forecast period are expected to enable the non-life insurance segment to record a CAGR of 2.24% over the forecast period (2012–2016).
Scope
This report provides a comprehensive analysis of the non-life insurance market in Austria:
Report Details:
Published: July 2012
No. of Pages: 249
Price: Single User License: US$1950 Corporate User License:US$ 5850
Key highlights
1 Executive Summary
2 Introduction
2.1 What is this Report About?
2.2 Definitions
2.3 Methodology
3 Austrian Insurance Industry Attractiveness
3.1 Insurance Industry Market Size, 2007–2016
3.2 Key Industry Trends and Drivers
3.2.1 Business drivers
3.2.2 Consumer drivers
3.3 Recent Market Developments
4 Non-Life Insurance Segment Outlook
4.1 Non-Life Insurance Growth Prospects by Category
4.2 Property Insurance
4.2.1 Fire and allied perils insurance sub-category
4.2.2 Engineering insurance sub-category
4.2.3 Agriculture insurance sub-category
4.2.4 Other property sub-category
4.3 Motor Insurance
4.3.1 Motor hull sub-category
4.3.2 Motor third-party sub-category
4.4 General Third-Party Insurance
4.5 Aviation and Transit Insurance
4.5.1 Aviation sub-category
4.5.2 Transit sub-category
5 Analysis by Distribution Channels
5.1 Direct Marketing Channel
5.2 Bancassurance Channel
5.3 Agencies Channel
5.4 E-Commerce Channel
5.5 Brokers Channel
5.6 Other Channels
6 Regulatory Policies
7 Porter’s Five Forces Analysis – Austrian Non-Life Insurance Market
7.1 Bargaining Power of Supplier: Medium
7.2 Bargaining Power of Buyer: Low to Medium
7.3 Barriers to Entry: Low to Medium
7.4 Intensity of Rivalry: Low
7.5 Threat of Substitutes: Low
8 Reinsurance Growth Dynamics and Challenges
8.1 Reinsurance market size, 2007–2016
8.2 Reinsurance segment size by type of insurance, 2007–2016
9 Competitive Landscape and Strategic Insights
9.1 Overview
9.2 Leading Companies in the Austrian Non-Life Insurance Market
9.3 Comparison of Top Five Insurers
9.3.1 Gross written premium
9.4 Generali Versicherung AG – Company Overview
9.4.1 Generali Versicherung AG – key facts
9.4.2 Generali Versicherung AG – key financials
9.5 Wiener Städtische Versicherung AG Vienna Insurance Group – Company Overview
9.5.1 Wiener Städtische Versicherung AG Vienna Insurance Group – key facts
9.5.2 Wiener Städtische Versicherung AG Vienna Insurance Group – key financials
9.6 Uniqa Sachversicherung AG – Company Overview
9.6.1 Uniqa Sachversicherung AG – key facts
9.7 Allianz Elementar Versicherungs AG – Company Overview
9.7.1 Allianz Elementar Versicherungs AG – key facts
9.7.2 Allianz Elementar Versicherungs AG – key financials
9.8 Donau Versicherung AG Vienna Insurance Group – Company Overview
9.8.1 Donau Versicherung AG Vienna Insurance Group – key facts
9.8.2 Donau Versicherung AG Vienna Insurance Group – key financials
9.9 Zürich Versicherungs AG – Company Overview
9.9.1 Zürich Versicherungs AG – key facts
9.9.2 Zürich Versicherungs AG – key financials
9.1 Grazer Wechselseitige Versicherung AG – Company Overview
9.10.1 Grazer Wechselseitige Versicherung AG – key facts
9.11 Oberösterreichische Versicherung AG – Company Overview
9.11.1 Oberösterreichische Versicherung AG – key facts
9.12 Niederösterreichische Versicherung AG – Company Overview
9.12.1 Niederösterreichische Versicherung AG – key facts
9.13 HDI Versicherung AG – Company Overview
9.13.1 HDI Versicherung AG – key facts
10 Business Environment and Country Risk
10.1 Business Confidence
10.1.1 Business confidence indicator
10.1.2 Market capitalization trend – Vienna Stock Exchange, Austria
10.2 Economic Performance
10.2.1 GDP at constant prices (US dollar)
10.2.2 GDP per capita at constant prices (US dollar)
10.2.3 GDP at current prices (US dollar)
10.2.4 GDP per capita at current prices (US dollar)
10.2.5 GDP by key segments
10.2.6 Agricultural net output at current prices (EUR)
10.2.7 Agricultural net output at current prices (US dollar)
10.2.8 Agricultural net output at current prices as a percentage of GDP
10.2.9 Manufacturing net output at current prices (EUR)
10.2.10 Manufacturing net output at current prices (US dollar)
10.2.11 Manufacturing net output at current prices as a percentage of GDP
10.2.12 Mining, manufacturing and utilities net output at current prices (EUR)
10.2.13 Mining, manufacturing and utilities at current prices (US dollar)
10.2.14 Mining, manufacturing and utilities at current prices, as percentage of GDP
10.2.15 Construction net output at current prices (EUR)
10.2.16 Construction net output at current prices, (US dollar)
10.2.17 Construction net output at current prices as a percentage of GDP
10.2.18 Inflation rate
10.2.19 Current account balance as a percentage of GDP
10.2.20 Exports as a percentage of GDP
10.2.21 Imports as a percentage of GDP
10.2.22 Exports growth
10.2.23 Imports growth
10.2.24 Annual average exchange rate US$–EUR
10.2.25 End-of-period exchange rate US$–EUR
10.3 Infrastructure Quality and Availability
10.3.1 Total airports and sea ports
10.3.2 Railways and roadways
10.3.3 Passenger vehicle production volume
10.3.4 Commercial vehicle production volume
10.3.5 Automotive component exports trend
10.3.6 Automotive component imports trend
10.3.7 Passenger car penetration
10.3.8 Healthcare expenditure
10.3.9 Healthcare expenditure as a percentage of GDP
10.3.10 Healthcare expenditure per capita
10.3.11 Total internet subscribers
10.4 Labor Force
10.4.1 Labor force
10.4.2 Unemployment rate
10.5 Demographics
10.5.1 Annual disposable income
10.5.2 Annual per capita disposable income
10.5.3 Total population
10.5.4 Urban and rural population
10.5.5 Females as a percentage of the total population
10.5.6 Males as a percentage of the total population
10.5.7 Mean age of the population
10.5.8 Median age of population
10.5.9 Population density
10.5.10 Age distribution of the total population
10.5.11 Age distribution of the male population
10.5.12 Age distribution of the female population
10.5.13 Number of households
10.6 Political and Social Risk
10.6.1 Political stability
10.6.2 Terrorism index
10.6.3 Transparency index
11 Appendix
11.1 Methodology
11.2 Contact Us
11.3 About Timetric
11.4 Disclaimer
The Austrian non-life insurance market’s growth prospects by non-life insurance categories
The various distribution channels in the Austrian non-life insurance market
The competitive landscape in the non-life insurance market in Austria
A description of the non-life reinsurance market in Austria
Executive summary
Growth in the industry was mainly attributed to the country’s favorable regulatory environment for non-life insurers, including the implementation of mandatory liability insurance for doctors, dentists, hospitals and convalescent homes and rising passenger car sales, which helped the motor insurance category to record higher growth during the review period. The segment also benefited from rising property prices in Vienna and other cities of Austria as this increased the value of property insurance products during the review period. These factors and Austria’s improving macroeconomic fundamentals such increasing per capita disposable income and stable GDP growth over the forecast period are expected to enable the non-life insurance segment to record a CAGR of 2.24% over the forecast period (2012–2016).
Scope
This report provides a comprehensive analysis of the non-life insurance market in Austria:
- It provides historical values for the Austrian non-life insurance market for the report’s 2007–2011 review period and forecast figures for the 2012–2016 forecast period
- It offers a detailed analysis of the key sub-segments in the Austrian non-life insurance market, along with market forecasts until 2016
- 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 Austria
- Using Porter’s industry-standard “Five Forces” analysis, it details the competitive landscape in Austria for the non-life insurance business
- It provides a detailed analysis of the reinsurance market in Austria and its growth prospects
- It profiles the top non-life insurance companies in Austria and outlines the key regulations affecting them
Report Details:
Published: July 2012
No. of Pages: 249
Price: Single User License: US$1950 Corporate User License:US$ 5850
Key highlights
- Austrian policymakers amended the provisions related to liability insurance for doctors, dentists, hospitals and convalescent homes in 2010, and it is now compulsory for these practitioners to have liability insurance with a minimum sum insured of EUR2.0 million.
- Demand for environmental coverage is expected to grow over the forecast period, as companies with higher environmental exposure are purchasing this type of insurance to counter unforeseen damages claims.
- The segment also benefited from rising property prices in Vienna and other cities in Austria as this increased the value of property insurance products during the review period.
- The number of motor insurance policies sold in Austria increased substantially during the review period due to the increase in automobile sales during the review period.
- The Austrian non-life insurance segment is dominated by multinationals and is highly concentrated. Generali Versicherung AG is the leading non-life insurance company in Austria followed by Uniqa Sachversicherung AG and Wiener Städtische Versicherung AG.
- Make strategic business decisions using in depth historic and forecast market data related to the Austrian non-life insurance market and each sector within it
- Understand the demand-side dynamics, key market trends and growth opportunities within the Austrian non-life insurance market
- Assess the competitive dynamics in the non-life insurance market, along with the reinsurance segment
- Identify the growth opportunities and market dynamics within key product categories
- Gain insights into key regulations governing the Austrian insurance market and its impact on companies and the market's future
1 Executive Summary
2 Introduction
2.1 What is this Report About?
2.2 Definitions
2.3 Methodology
3 Austrian Insurance Industry Attractiveness
3.1 Insurance Industry Market Size, 2007–2016
3.2 Key Industry Trends and Drivers
3.2.1 Business drivers
3.2.2 Consumer drivers
3.3 Recent Market Developments
4 Non-Life Insurance Segment Outlook
4.1 Non-Life Insurance Growth Prospects by Category
4.2 Property Insurance
4.2.1 Fire and allied perils insurance sub-category
4.2.2 Engineering insurance sub-category
4.2.3 Agriculture insurance sub-category
4.2.4 Other property sub-category
4.3 Motor Insurance
4.3.1 Motor hull sub-category
4.3.2 Motor third-party sub-category
4.4 General Third-Party Insurance
4.5 Aviation and Transit Insurance
4.5.1 Aviation sub-category
4.5.2 Transit sub-category
5 Analysis by Distribution Channels
5.1 Direct Marketing Channel
5.2 Bancassurance Channel
5.3 Agencies Channel
5.4 E-Commerce Channel
5.5 Brokers Channel
5.6 Other Channels
6 Regulatory Policies
7 Porter’s Five Forces Analysis – Austrian Non-Life Insurance Market
7.1 Bargaining Power of Supplier: Medium
7.2 Bargaining Power of Buyer: Low to Medium
7.3 Barriers to Entry: Low to Medium
7.4 Intensity of Rivalry: Low
7.5 Threat of Substitutes: Low
8 Reinsurance Growth Dynamics and Challenges
8.1 Reinsurance market size, 2007–2016
8.2 Reinsurance segment size by type of insurance, 2007–2016
9 Competitive Landscape and Strategic Insights
9.1 Overview
9.2 Leading Companies in the Austrian Non-Life Insurance Market
9.3 Comparison of Top Five Insurers
9.3.1 Gross written premium
9.4 Generali Versicherung AG – Company Overview
9.4.1 Generali Versicherung AG – key facts
9.4.2 Generali Versicherung AG – key financials
9.5 Wiener Städtische Versicherung AG Vienna Insurance Group – Company Overview
9.5.1 Wiener Städtische Versicherung AG Vienna Insurance Group – key facts
9.5.2 Wiener Städtische Versicherung AG Vienna Insurance Group – key financials
9.6 Uniqa Sachversicherung AG – Company Overview
9.6.1 Uniqa Sachversicherung AG – key facts
9.7 Allianz Elementar Versicherungs AG – Company Overview
9.7.1 Allianz Elementar Versicherungs AG – key facts
9.7.2 Allianz Elementar Versicherungs AG – key financials
9.8 Donau Versicherung AG Vienna Insurance Group – Company Overview
9.8.1 Donau Versicherung AG Vienna Insurance Group – key facts
9.8.2 Donau Versicherung AG Vienna Insurance Group – key financials
9.9 Zürich Versicherungs AG – Company Overview
9.9.1 Zürich Versicherungs AG – key facts
9.9.2 Zürich Versicherungs AG – key financials
9.1 Grazer Wechselseitige Versicherung AG – Company Overview
9.10.1 Grazer Wechselseitige Versicherung AG – key facts
9.11 Oberösterreichische Versicherung AG – Company Overview
9.11.1 Oberösterreichische Versicherung AG – key facts
9.12 Niederösterreichische Versicherung AG – Company Overview
9.12.1 Niederösterreichische Versicherung AG – key facts
9.13 HDI Versicherung AG – Company Overview
9.13.1 HDI Versicherung AG – key facts
10 Business Environment and Country Risk
10.1 Business Confidence
10.1.1 Business confidence indicator
10.1.2 Market capitalization trend – Vienna Stock Exchange, Austria
10.2 Economic Performance
10.2.1 GDP at constant prices (US dollar)
10.2.2 GDP per capita at constant prices (US dollar)
10.2.3 GDP at current prices (US dollar)
10.2.4 GDP per capita at current prices (US dollar)
10.2.5 GDP by key segments
10.2.6 Agricultural net output at current prices (EUR)
10.2.7 Agricultural net output at current prices (US dollar)
10.2.8 Agricultural net output at current prices as a percentage of GDP
10.2.9 Manufacturing net output at current prices (EUR)
10.2.10 Manufacturing net output at current prices (US dollar)
10.2.11 Manufacturing net output at current prices as a percentage of GDP
10.2.12 Mining, manufacturing and utilities net output at current prices (EUR)
10.2.13 Mining, manufacturing and utilities at current prices (US dollar)
10.2.14 Mining, manufacturing and utilities at current prices, as percentage of GDP
10.2.15 Construction net output at current prices (EUR)
10.2.16 Construction net output at current prices, (US dollar)
10.2.17 Construction net output at current prices as a percentage of GDP
10.2.18 Inflation rate
10.2.19 Current account balance as a percentage of GDP
10.2.20 Exports as a percentage of GDP
10.2.21 Imports as a percentage of GDP
10.2.22 Exports growth
10.2.23 Imports growth
10.2.24 Annual average exchange rate US$–EUR
10.2.25 End-of-period exchange rate US$–EUR
10.3 Infrastructure Quality and Availability
10.3.1 Total airports and sea ports
10.3.2 Railways and roadways
10.3.3 Passenger vehicle production volume
10.3.4 Commercial vehicle production volume
10.3.5 Automotive component exports trend
10.3.6 Automotive component imports trend
10.3.7 Passenger car penetration
10.3.8 Healthcare expenditure
10.3.9 Healthcare expenditure as a percentage of GDP
10.3.10 Healthcare expenditure per capita
10.3.11 Total internet subscribers
10.4 Labor Force
10.4.1 Labor force
10.4.2 Unemployment rate
10.5 Demographics
10.5.1 Annual disposable income
10.5.2 Annual per capita disposable income
10.5.3 Total population
10.5.4 Urban and rural population
10.5.5 Females as a percentage of the total population
10.5.6 Males as a percentage of the total population
10.5.7 Mean age of the population
10.5.8 Median age of population
10.5.9 Population density
10.5.10 Age distribution of the total population
10.5.11 Age distribution of the male population
10.5.12 Age distribution of the female population
10.5.13 Number of households
10.6 Political and Social Risk
10.6.1 Political stability
10.6.2 Terrorism index
10.6.3 Transparency index
11 Appendix
11.1 Methodology
11.2 Contact Us
11.3 About Timetric
11.4 Disclaimer
