Sunday, 4 March 2018

Personal Accident and Health Insurance in Greece, Key Trends and Opportunities to 2020



The 'Personal Accident and Health Insurance in Greece Key Trends and Opportunities to 2020' report provides a detailed outlook by product category for the Greek life insurance segment, and a comparison of the Greek insurance industry with its regional counterparts.

It provides key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets, total investment income and retentions during the review period (2011-2015) and forecast period (2015-2020).

The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the Greek Economy and Demographics, and provides detailed information on the Competitive Landscape in the country. 

The report brings together research, modeling and analysis expertise, giving insurers access to information on segment dynamics and competitive advantages, and profiles of insurers operating in the country. The report also includes details of insurance regulations, and recent changes in the regulatory structure.

Summary:

The 'Personal Accident and Health Insurance in Greece, Key Trends and Opportunities to 2020' report provides in-depth market analysis, information and insights into the Greek personal accident and health insurance segment, including:
  • An overview of the Greek personal accident and health insurance segment
  • The Greek personal accident and health insurance segment’s growth prospects by category
  • A comprehensive overview of the Greek Economy and Demographics
  • A comparison of the Greek personal accident and health insurance segment with its regional counterparts
  • The various distribution channels in the Greek personal accident and health insurance segment
  • Details of the Competitive Landscape in the personal accident and health insurance segment in Greece
  • Details of regulatory policy applicable to the Greek insurance industry
Scope:

This report provides a comprehensive analysis of the personal accident and health insurance segment in Greece:
  • It provides historical values for the Greek personal accident and health insurance segment for the report’s 2011-2015 review period, and projected figures for the 2015-2020 forecast period.
  • It offers a detailed analysis of the key categories in the Greek personal accident and health insurance segment, and market forecasts to 2020.
  • It provides a comparison of the Greek personal accident and health insurance segment with its regional counterparts
  • It provides an overview of the various distribution channels for personal accident and health insurance products in Greece.
  • It profiles the top personal accident and health insurance companies in Greece, and outlines the key regulations affecting them.
Reasons To Buy:
  • Make strategic business decisions using in-depth historic and forecast market data related to the Greek personal accident and health insurance segment, and each category within it.
  • Understand the demand-side dynamics, key market trends and growth opportunities in the Greek personal accident and health insurance segment.
  • Assess the competitive dynamics in the personal accident and health insurance segment.
  • Identify growth opportunities and market dynamics in key product categories.
  • Gain insights into key regulations governing the Greek insurance industry, and their impact on companies and the industry's future.
Key Highlights:
  • In April 2017, the National Insurance Company of Greece, a subsidiary of the National Bank of Greece, put forward its stake for sale.
  • In January 2017, the Bank of Greece proposed a new compensation mechanism for victims of traffic accidents by drivers insured with license-revoked companies.
  • Solvency II was implemented on January 1, 2016.
  • Effective from July 16, 2015, the standard insurance premium tax rate for personal accident and health business was increased from 10% to 15%.
  • In December 2015, the Canada-based Fairfax Financial Holdings Ltd signed an agreement to acquire 80% of shares and management of the Eurolife ERB Insurance Group.
  • ING Greece was rebranded to NN Hellas in April 2015, after the acquisition of ING Greece by the Dutch-based NN Group.
  • Greeks are looking for private health insurance due to a lack of public healthcare services. This increased the number of private health insurance contracts by 12.5% in 2015.

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