New Market Study Published: Non-Life Insurance in Austria, Key Trends and Opportunities to 2016

(live-PR.com) - 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).

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Full Report Details at
- www.fastmr.com/prod/450263_nonlife_insurance_in_ ..
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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 Stadtische Versicherung AG.

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

Reasons to Purchase

* 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

Companies Mentioned in this Report: Generali Versicherung AG, Wiener Stadtische Versicherung AG, Uniqa Sachversicherung AG, Allianz Elementar Versicherungs AG, Donau Versicherung AG, Zurich Versicherungs AG, Grazer Wechselseitige Versicherung AG, Oberosterreichische Versicherung AG, Niederosterreichische Versicherung AG, HDI Versicherung AG"

About Timetric

Timetric is an independent economic and business research firm providing critical intelligence on emerging economies and key global industries. They provide detailed economic and sector intelligence, business insights and authoritative, independent commentary. View more research from Timetric at www.fastmr.com/catalog/publishers.aspx?pubid=103 ..

About Fast Market Research

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