Personal Accident and Health Insurance in Denmark, Key Trends and Opportunities to 2017

Published: Mar, 2014 | Pages: 237 | Publisher: Timetric
Industry: Insurance | Report Format: Electronic (PDF)


Synopsis
The report provides in depth market analysis, information and insights into the Danish personal accident and health insurance segment, including:
The Danish personal accident and health insurance segment's growth prospects by insurance categories 
Key trends and drivers for the personal accident and health insurance segment 
The various distribution channels in the Danish personal accident and health insurance segment
The detailed competitive landscape in the personal accident and health insurance segment in Denmark
Detailed regulatory framework of the Danish insurance industry
A description of the personal accident and health reinsurance segment in Denmark
Porter's Five Forces Analysis of the personal accident and health insurance segment
A benchmarking section on the Danish life insurance segment in comparison with other countries in the Nordic Region 

Summary
The Danish personal accident and health insurance segment accounted for the lowest premium share of the overall insurance industry during the review period (2008?2012). In the presence of rising healthcare expenditure and mandatory work place accident insurance, the personal accident and health segment posted a review-period CAGR of 5.2%. Of the three segments in the industry, the personal accident and health segment registered the highest growth rate during the review period, at a CAGR of 5.2%. The gap in public healthcare services and the unavailability of specialized treatment drive the Danish population towards private healthcare. The Danish mandatory personal accident insurance category led the personal accident and health insurance segment with a market share of 82.2% in 2012. Over the forecast period (2012?2017), the Danish personal accident and health insurance segment is expected to grow at a CAGR of 5.5% driven by the rising healthcare expenditure. 
Scope
This report provides a comprehensive analysis of the personal accident and health insurance segment in Denmark:
It provides historical values for the Danish personal accident and health insurance segment for the report's 2008-2012 review period and forecast figures for the 2012-2017 forecast period.
It offers a detailed analysis of the key sub-segments in Danish personal accident and health insurance segment, along with market forecasts until 2017.
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 personal accident and health insurance products in Denmark.
Using Porter's industry-standard "Five Forces" analysis, it details the competitive landscape in Denmark for the personal accident and health insurance segment.
It provides a detailed analysis of the reinsurance segment in Denmark and its growth prospects.
It profiles the top personal accident and health insurance companies in Denmark and outlines the key regulations affecting them. 
Reason To Buy
 Make strategic business decisions using in depth historic and forecast market data related to the Danish personal accident and health insurance segment and each category within it
Understand the demand-side dynamics, key market trends and growth opportunities within the Danish personal accident and health insurance segment
Assess the competitive dynamics in the personal accident and health insurance segment, along with the reinsurance segment
Identify the growth opportunities and market dynamics within key product categories
Gain insights into key regulations governing the Danish insurance industry and its impact on companies and the market's future 
Key Highlights
 Personal accident and health insurance accounted for the third-largest share of the Danish insurance industry in 2012, in terms of the total written premium generated
The country's recovering economic environment is expected to drive the growth of personal accident and health insurance over the forecast period
The personal accident insurance category accounted for 82.2% of the segment's value in terms of written premium in 2012
The Danish personal accident and health segment is consolidated with the 10-leading companies accounting for a segmental share of 79.3% of the total written premium generated in 2012
As of 2012, there were 49 licensed personal accident and health insurance companies in Denmark

 1 Executive Summary
2 Introduction
2.1 What is this Report About?
2.2 Definitions
2.3 Methodology
3 Nordic Region Market Dymics
3.1 Overview
3.1.1 Market trends
3.1.2 Market size
4 Persol Accident and Health Insurance Segment - Regiol Benchmarking
4.1 Overview
4.2 Scale and penetration
4.2.1 Total gross written premium
4.2.2 Premium per capita
4.2.3 Persol accident and health insurance penetration (% of GDP)
4.3 Growth
4.3.1 Gross written premium
4.3.2 Gross written premium per capita
4.4 Efficiency and risk
4.4.1 Loss ratio
4.4.2 Combined ratio
4.4.3 Incurred losses per capita
4.4.4 Incurred losses as a percentage of GDP
4.5 Distribution channels
4.5.1 Direct marketing
4.5.2 Bancassurance
4.5.3 Agencies
4.5.4 Brokers
4.5.5 Online channels
5 Danish Insurance Industry Attractiveness
5.1 Insurance Industry Size, 2008-2017
5.2 Key Industry Trends and Drivers
6 Persol Accident and Health Insurance Segment Outlook
6.1 Persol Accident and Health Insurance Growth Prospects by Category
6.1.1 Persol accident
6.1.2 Travel insurance
6.1.3 Health insurance
7 Alysis by Distribution Channels
7.1 Direct marketing
7.2 Bancassurance
7.3 Agencies
7.4 E-Commerce
7.5 Brokers
7.6 Other channels
8 Porter's Five Forces Alysis - Danish Persol Accident and Health Insurance Segment
8.1 Bargaining Power of Suppliers: Low to Medium
8.2 Bargaining Power of Buyers: Medium to High
8.3 Barriers to Entry: Low to Medium
8.4 Intensity of Rivalry: High
8.5 Threat of Substitutes: Low
9 Reinsurance Growth Dymics and Challenges
9.1 Reinsurance Segment Size, 2008-2017
9.2 Reinsurance Segment Size by Type of Insurance, 2008-2017
10 Governce, Risk and Compliance
10.1 Legislation Overview and Historical Evolution
10.2 Legislation and Market Practice by Type of Insurance
10.2.1 Life insurance
10.2.2 Property insurance
10.2.3 Motor insurance
10.2.4 Marine, aviation and transit insurance
10.2.5 Persol accident and health insurance
10.3 Compulsory Insurance
10.3.1 Motor third-party liability insurance
10.3.2 Workmen's compensation insurance
10.3.3 Air carriers and aircraft operators insurance
10.3.4 Third-party liability insurance for dogs
10.4 Supervision and Control
10.4.1 Intertiol Association of Insurance Supervisors
10.4.2 European Insurance and Occupatiol Pensions Authority
10.4.3 Danish Fincial Supervisory Authority (DFSA)
10.5 Non-Admitted Insurance Regulations
10.5.1 Overview
10.5.2 Intermediaries
10.5.3 Market practices
10.5.4 Fines and pelties
10.6 Company Registration and Operations
10.6.1 Types of insurance organization
10.6.2 Establishing a local company
10.6.3 Foreign ownership
10.6.4 Types of license
10.6.5 Capital requirements
10.6.6 Solvency margins
10.6.7 Reserve requirements
10.6.8 Investment regulations
10.6.9 Statutory return requirements
10.6.10 Fee structure
10.7 Taxation
10.7.1 Insurance premium or policy taxation
10.7.2 Withholding taxes on premium paid overseas
10.7.3 Corporate tax
10.7.4 VAT
10.7.5 Captives
10.8 Legal System
10.8.1 Introduction
10.8.2 Access to court
10.8.3 Altertive dispute resolution (ADR)
11 Competitive Landscape and Strategic Insights
11.1 Overview
11.2 Leading Companies in the Danish Persol Accident and Health Insurance Segment
11.3 Sygeforsikringen "Danmark" - Company Overview
11.3.1 Sygeforsikringen "danmark" - key facts
11.4 Tryg - Company Overview
11.4.1 Tryg - Key facts
11.5 Danica Pension - Company Overview
11.5.1 Danica Pension - key facts
11.6 PKA - Company Overview
11.6.1 PKA - key facts
11.7 Topdanmark - Company Overview
11.7.1 Topdanmark - key facts
11.8 Codan - Company Overview
11.8.1 Codan - key facts
11.9 PFA Pension - Company Overview
11.9.1 PFA Pension Forsikrings AS - key facts
11.1 Industriens Pension - Company Overview
11.10.1 Industriens Pension - key facts
11.11 Alm. Brand Forsikring A/S�- Company Overview
11.11.1 Alm. Brand Forsikring A/S�- key facts
11.12 Alka Forsikring A/s�- Company Overview
11.12.1 Alka Forsikring A/s�- key facts
12 Business Environment and Country Risk
12.1 Business Confidence
12.1.1 Market capitalization trend - Copenhagen Stock Exchange, Denmark
12.2 Economic Performance
12.2.1 GDP at constant prices (US$)
12.2.2 GDP per capita at constant prices (US$)
12.2.3 GDP at current prices (US$)
12.2.4 GDP per capita at current prices (US$)
12.2.5 GDP by key segments
12.2.6 Agriculture net output at current prices (US$)
12.2.7 Agriculture net output at current prices as a percentage of GDP
12.2.8 Manufacturing net output at current prices (US$)
12.2.9 Manufacturing net output at current prices as a percentage of GDP
12.2.10 Mining, manufacturing and utilities at current prices (US$)
12.2.11 Mining, manufacturing and utilities at current prices as percentage of GDP
12.2.12 Construction net output at current prices, (US$)
12.2.13 Construction net output at current prices as a percentage of GDP
12.2.14 Inflation rate
12.2.15 Exports as a percentage of GDP
12.2.16 Imports as a percentage of GDP
12.2.17 Merchandise exports growth
12.2.18 Merchandise imports growth
12.2.19 Annual average exchange rate (DKK-US$)
12.3 Infrastructure
12.3.1 Commercial vehicles exports - total value
12.3.2 Commercial vehicles imports - total value
12.3.3 Automotive exports - total value
12.3.4 Automotive imports - total value
12.3.5 Total internet subscribers
12.4 Labor Force
12.4.1 Labor force
12.4.2 Unemployment rate
12.5 Demographics
12.5.1 Gross tiol disposable income (US$)
12.5.2 Household consumption expenditure (US$)
12.5.3 Total population
12.5.4 Urban and rural populations
12.5.5 Age distribution of the total population
13 Appendix
13.1 Methodology
13.2 Contact Timetric
13.3 About Timetric
13.4 Timetric's Services
13.5 Disclaimer


List of Tables
Table 1: Insurance Industry Definitions
Table 2: Danish Insurance - Overall Written Premium by Segment (DKK Billion), 2008-2012
Table 3: Danish Insurance - Overall Written Premium by Segment (US$ Billion), 2008-2012
Table 4: Danish Insurance - Overall Written Premium by Segment (DKK Billion), 2012-2017
Table 5: Danish Insurance - Overall Written Premium by Segment (US$ Billion), 2012-2017
Table 6: Danish Insurance - Segmentation (Percentage Share), 2008-2017
Table 7: Danish Persol Accident and Health Insurance - Written Premium by Category (DKK Billion), 2008-2012
Table 8: Danish Persol Accident and Health Insurance - Written Premium by Category (US$ Billion), 2008-2012
Table 9: Danish Persol Accident and Health Insurance - Written Premium by Category (DKK Billion), 2012-2017
Table 10: Danish Persol Accident and Health Insurance - Written Premium by Category (US$ Billion), 2012-2017
Table 11: Danish Persol Accident and Health Insurance - Earned Premium (DKK Billion), 2008-2012
Table 12: Danish Persol Accident and Health Insurance - Earned Premium (DKK Billion), 2012-2017
Table 13: Danish Persol Accident and Health Insurance - Paid Claims by Category (DKK Billion), 2008-2012
Table 14: Danish Persol Accident and Health Insurance - Paid Claims by Category (US$ Billion), 2008-2012
Table 15: Danish Persol Accident and Health Insurance - Paid Claims by Category (DKK Billion), 2012-2017
Table 16: Danish Persol Accident and Health Insurance - Paid Claims by Category (US$ Billion), 2012-2017
Table 17: Danish Persol Accident and Health Insurance - Incurred Loss by Category (DKK Billion), 2008-2012
Table 18: Danish Persol Accident and Health Insurance - Incurred Loss by Category (US$ Billion), 2008-2012
Table 19: Danish Persol Accident and Health Insurance - Incurred Loss by Category (DKK Billion), 2012-2017
Table 20: Danish Persol Accident and Health Insurance - Incurred Loss by Category (US$ Billion), 2012-2017
Table 21: Danish Persol Accident and Health Insurance - Loss Ratio (%), 2008-2012
Table 22: Danish Persol Accident and Health Insurance - Loss Ratio (%), 2012-2017
Table 23: Danish Persol Accident and Health Insurance - Commission and Expenses (DKK Billion), 2008-2012
Table 24: Danish Persol Accident and Health Insurance - Commission and Expenses (DKK Billion), 2012-2017
Table 25: Danish Persol Accident and Health Insurance - Combined Ratio (%), 2008-2012
Table 26: Danish Persol Accident and Health Insurance - Combined Ratio (%), 2012-2017
Table 27: Danish Persol Accident and Health Insurance - Frauds and Crimes (DKK Billion), 2008-2012
Table 28: Danish Persol Accident and Health Insurance - Frauds and Crimes (DKK Billion), 2012-2017
Table 29: Danish Persol Accident and Health Insurance - Total Assets (DKK Billion), 2008-2012
Table 30: Danish Persol Accident and Health Insurance - Total Assets (DKK Billion), 2012-2017
Table 31: Danish Persol Accident and Health Insurance - Total Investment Income (DKK Billion), 2008-2012
Table 32: Danish Persol Accident and Health Insurance - Total Investment Income (DKK Billion), 2012-2017
Table 33: Danish Persol Accident and Health Insurance - Retentions (DKK Billion), 2008-2012
Table 34: Danish Persol Accident and Health Insurance - Retentions (DKK Billion), 2012-2017
Table 35: Danish Persol Accident Insurance - Number of Policies Sold (Thousand), 2008-2012
Table 36: Danish Persol Accident Insurance - Number of Policies Sold (Thousand), 2012-2017
Table 37: Danish Persol Accident Insurance - Written Premium (DKK Billion), 2008-2012
Table 38: Danish Persol Accident Insurance - Written Premium (DKK Billion), 2012-2017
Table 39: Danish Persol Accident Insurance - Loss Ratio (%), 2008-2012
Table 40: Danish Persol Accident Insurance - Loss Ratio (%), 2012-2017
Table 41: Danish Travel Insurance - Number of Policies Sold (Thousand), 2008-2012
Table 42: Danish Travel Insurance - Number of Policies Sold (Thousand), 2012-2017
Table 43: Danish Travel Insurance - Written Premium (DKK Billion), 2008-2012
Table 44: Danish Travel Insurance - Written Premium (DKK Billion), 2012-2017
Table 45: Danish Travel Insurance - Loss Ratio (%), 2008-2012
Table 46: Danish Travel Insurance - Loss Ratio (%), 2012-2017
Table 47: Danish Health Insurance - Number of Policies Sold (Thousand), 2008-2012
Table 48: Danish Health Insurance - Number of Policies Sold (Thousand), 2012-2017
Table 49: Danish Health Insurance - Written Premium (DKK Billion), 2008-2012
Table 50: Danish Health Insurance - Written Premium (DKK Billion), 2012-2017
Table 51: Danish Health Insurance - Loss Ratio (%), 2008-2012
Table 52: Danish Health Insurance - Loss Ratio (%), 2012-2017
Table 53: Danish Persol Accident and Health Insurance - Direct Marketing Commission Paid (DKK Billion), 2008-2012
Table 54: Danish Persol Accident and Health Insurance - Direct Marketing Commission Paid (DKK Billion), 2012-2017
Table 55: Danish Persol Accident and Health Insurance - Written Premium Through Direct Marketing (DKK Billion), 2008-2012
Table 56: Danish Persol Accident and Health Insurance - Written Premium Through Direct Marketing (DKK Billion), 2012-2017
Table 57: Danish Persol Accident and Health Insurance - Policies Sold Through Direct Marketing (Thousand), 2008-2012
Table 58: Danish Persol Accident and Health Insurance - Policies Sold Through Direct Marketing (Thousand), 2012-2017
Table 59: Danish Persol Accident and Health Insurance - Number of Direct Marketing Distributors, 2008-2012
Table 60: Danish Persol Accident and Health Insurance - Number of Direct Marketing Distributors, 2012-2017
Table 61: Danish Persol Accident and Health Insurance - Bancassurance Commission Paid (DKK Billion), 2008-2012
Table 62: Danish Persol Accident and Health Insurance - Bancassurance Commission Paid (DKK Billion), 2012-2017
Table 63: Danish Persol Accident and Health Insurance - Written Premium Through Bancassurance (DKK Billion), 2008-2012
Table 64: Danish Persol Accident and Health Insurance - Written Premium Through Bancassurance (DKK Billion), 2012-2017
Table 65: Danish Persol Accident and Health Insurance - Policies Sold Through Bancassurance (Thousand), 2008-2012
Table 66: Danish Persol Accident and Health Insurance - Policies Sold Through Bancassurance (Thousand), 2012-2017
Table 67: Danish Persol Accident and Health Insurance - Number of Bancassurance Distributors, 2008-2012
Table 68: Danish Persol Accident and Health Insurance - Number of Bancassurance Distributors, 2012-2017
Table 69: Danish Persol Accident and Health Insurance - Commission Paid to Agencies (DKK Billion), 2008-2012
Table 70: Danish Persol Accident and Health Insurance - Commission Paid to Agencies (DKK Billion), 2012-2017
Table 71: Danish Persol Accident and Health Insurance - Written Premium Through Agencies (DKK Billion), 2008-2012
Table 72: Danish Persol Accident and Health Insurance - Written Premium Through Agencies (DKK Billion), 2012-2017
Table 73: Danish Persol Accident and Health Insurance - Policies Sold Through Agencies (Thousand), 2008-2012
Table 74: Danish Persol Accident and Health Insurance - Policies Sold Through Agencies (Thousand), 2012-2017
Table 75: Danish Persol Accident and Health Insurance - Number of Agencies, 2008-2012
Table 76: Danish Persol Accident and Health Insurance - Number of Agencies, 2012-2017
Table 77: Danish Persol Accident and Health Insurance - E-Commerce Commission Paid (DKK Billion), 2008-2012
Table 78: Danish Persol Accident and Health Insurance - E-Commerce Commission Paid (DKK Billion), 2012-2017
Table 79: Danish Persol Accident and Health Insurance - Written Premium Through E-Commerce (DKK Billion), 2008-2012
Table 80: Danish Persol Accident and Health Insurance - Written Premium Through E-Commerce (DKK Billion), 2012-2017
Table 81: Danish Persol Accident and Health Insurance - Policies Sold Through E-Commerce (Thousand), 2008-2012
Table 82: Danish Persol Accident and Health Insurance - Policies Sold Through E-Commerce (Thousand), 2012-2017
Table 83: Danish Persol Accident and Health Insurance - Number of E-Commerce Distributors, 2008-2012
Table 84: Danish Persol Accident and Health Insurance - Number of E-Commerce Distributors, 2012-2017
Table 85: Danish Persol Accident and Health Insurance - Commission Paid to Brokers (DKK Billion), 2008-2012
Table 86: Danish Persol Accident and Health Insurance - Commission Paid to Brokers (DKK Billion), 2012-2017
Table 87: Danish Persol Accident and Health Insurance - Written Premium Through Brokers (DKK Billion), 2008-2012
Table 88: Danish Persol Accident and Health Insurance - Written Premium Through Brokers (DKK Billion), 2012-2017
Table 89: Danish Persol Accident and Health Insurance - Policies Sold Through Brokers (Thousand), 2008-2012
Table 90: Danish Persol Accident and Health Insurance - Policies Sold Through Brokers (Thousand), 2012-2017
Table 91: Danish Persol Accident and Health Insurance - Number of Brokers, 2008-2012
Table 92: Danish Persol Accident and Health Insurance - Number of Brokers, 2012-2017
Table 93: Danish Persol Accident and Health Insurance - Commission Paid to Other Channels (DKK Billion), 2008-2012
Table 94: Danish Persol Accident and Health Insurance - Commission Paid to Other Channels (DKK Billion), 2012-2017
Table 95: Danish Persol Accident and Health Insurance - Written Premium Through Other Channels (DKK Billion), 2008-2012
Table 96: Danish Persol Accident and Health Insurance - Written Premium Through Other Channels (DKK Billion), 2012-2017
Table 97: Danish Persol Accident and Health Insurance - Policies Sold Through Other Channels (Thousand), 2008-2012
Table 98: Danish Persol Accident and Health Insurance - Policies Sold Through Other Channels (Thousand), 2012-2017
Table 99: Danish Persol Accident and Health Insurance - Number of Distributors in Other Channels, 2008-2012
Table 100: Danish Persol Accident and Health Insurance - Number of Distributors in Other Channels, 2012-2017
Table 101: Reinsurance in Denmark by Category (DKK Billion), 2008-2012
Table 102: Reinsurance in Denmark by Category (US$ Billion), 2008-2012
Table 103: Reinsurance in Denmark by Category (DKK Billion), 2012-2017
Table 104: Reinsurance in Denmark by Category (US$ Billion), 2012-2017
Table 105: Danish Premium Ceded to Reinsurance by Type of Insurance (DKK Billion), 2008-2012
Table 106: Danish Premium Ceded to Reinsurance by Type of Insurance (US$ Billion), 2008-2012
Table 107: Danish Premium Ceded to Reinsurance by Type of Insurance (DKK Billion), 2012-2017
Table 108: Danish Premium Ceded to Reinsurance by Type of Insurance (US$ Billion), 2012-2017
Table 109: Danish Persol Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2008-2012
Table 110: Danish Persol Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2012-2017
Table 111: Denmark - Life Insurance Regulatory Framework
Table 112: Denmark - Property Insurance Regulatory Framework
Table 113: Denmark - Motor Insurance Regulatory Framework
Table 114: Denmark - Minimum Coverage for Aircraft Third-Party Liability per Accident and Aircraft
Table 115: Denmark - Corporate Tax Rates for Fincial Year 2013
Table 116: Shares of Key Insurers in the Danish Persol Accident and Health Insurance Segment (%), 2012
Table 117: Sygeforsikringen �danmark��, Key Facts
Table 118: Tryg, Key Facts
Table 119: Danica Pension, Key Facts
Table 120: PKA, Key Facts
Table 121: Topdanmark, Key Facts
Table 122: Codan, Key Facts
Table 123: PFA Pension, Key Facts
Table 124: Industriens Pension, Key Facts
Table 125: Alm. Brand Forsikring A/S, Key Facts
Table 126: Alka Forsikring A/s, Key Facts