Personal Accident and Health Insurance in Luxembourg, Key Trends and Opportunities to 2019

Published: Apr, 2016 | Pages: 126 | Publisher: Timetric
Industry: Insurance | Report Format: Electronic (PDF)

Synopsis
Timetric's 'Personal Accident and Health Insurance in Luxembourg, Key Trends and Opportunities to 2019' report provides detailed analysis of the market trends, drivers, challenges in the Luxembourg personal accident and health insurance segment.

It provides key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets, total investment income and claims during the review period (2010-2014) and over the forecast period (2014-2019).

The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of Luxembourg's economy and demographics, and provides detailed information on the competitive landscape in the country. 

The report brings together Timetric's 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
Timetric's 'Personal Accident and Health Insurance in Luxembourg, Key Trends and Opportunities to 2019' report provides in-depth market analysis, information and insights into the Luxembourg personal accident and health insurance segment, including:

 The Luxembourg personal accident and health insurance segment's growth prospects by insurance category

 The key trends, drivers and challenges for the personal accident and health insurance segment 

 A comprehensive overview of Luxembourg's economy and demographics

 The various distribution channels in the Luxembourg personal accident and health insurance segment

 Details of the competitive landscape in the personal accident and health insurance segment in Luxembourg

 Details of regulatory policies applicable to the Luxembourg insurance industry
Scope
This report provides a comprehensive analysis of the personal accident and health insurance segment in Luxembourg:

 It provides historical values for the Luxembourg personal accident and health insurance segment for the report's 2010-2014 review period, and projected figures for the 2014-2019 forecast period.

 It offers a detailed analysis of the key categories in the Luxembourg personal accident and health insurance segment, and market forecasts to 2019.

 It analyzes the various distribution channels for personal accident and health insurance products in Luxembourg.

 It profiles the top personal accident and health insurance companies in Luxembourg, 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 Luxembourg personal accident and health insurance segment, and each category within it.

 Understand the demand-side dynamics, key market trends and growth opportunities in the Luxembourg 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 Luxembourg insurance industry, and their impact on companies and the industry's future.
Key Highlights
 Luxembourg has a compulsory public health system that offers universal cover and the ability to choose hospitals and doctors, leaving little scope for private insurance. 

 The personal accident and health segment accounted for 0.8% of the industry's gross written premium in 2014, remaining resilient to economic difficulties and recording robust growth.

 Changing demographics and an emphasis on providing high-quality affordable healthcare are expected to drive growth in the segment over the forecast period.

 Many private health insurers primarily focused on the country's large expatriate and immigrant population.

 Table of Contents
1 Key Facts and Highlights
2 Executive Summary
3 Economy and Demographics
4 Personal Accident and Health Insurance Segment Outlook
4.1 Key Drivers
4.2 Key Trends
4.3 Challenges
4.4 Personal Accident and Health Insurance Growth Prospects by Category
4.4.1 Personal accident insurance
4.4.2 Travel insurance
4.4.3 Health insurance
5 Analysis by Distribution Channel
6 Competitive Landscape and Strategic Insights
6.1 Overview
6.2 Leading Companies in the Luxembourg Personal Accident and Health Insurance Segment
6.2.1 Globality SA - company overview
6.2.2 DKV Luxembourg - company overview
6.2.3 National General Insurance Luxembourg SA - company overview
6.2.4 Foyer Sante - company overview
6.2.5 Axa Assurances Luxembourg - company overview
6.2.6 La Luxembourgeoise - company overview
6.2.7 Foyer Assurances - company overview
6.2.8 Swiss Re International - company overview
6.2.9 Baloise Assurances Luxembourg SA - company overview
6.2.10 Arisa Assurances - company overview
7 Governance, Risk and Compliance
7.1 Legislation Overview and Historical Evolution
7.2 Latest Changes in Regulations
7.3 Legislation and Market Practice by Type of Insurance
7.3.1 Life insurance
7.3.2 Property insurance
7.3.3 Motor insurance
7.3.4 Liability insurance
7.3.5 Marine, aviation and transit insurance
7.3.6 Personal accident and health insurance
7.4 Compulsory Insurance
7.4.1 Motor third-party liability insurance (MTPL)
7.4.2 Social insurance system
7.4.3 Air carriers and aircraft operators liability insurance
7.4.4 Marine insurance
7.4.5 Professional indemnity insurance for alternative investment fund managers
7.5 Supervision and Control
7.5.1 International Association of Insurance Supervisors (IAIS)
7.5.2 European Insurance and Occupational Pensions Authority (EIOPA)
7.5.3 Insurance Commission (Commissariat aux Assurance)
7.5.4 Federation of European Risk Management Associations (FERMA)
7.5.5 Association of Insurance Companies and Reinsurance (ACA)
7.6 Non-Admitted Insurance Regulations
7.6.1 Overview
7.6.2 Intermediaries
7.6.3 Market practices
7.6.4 Fines and penalties
7.7 Company Registration and Operations
7.7.1 Types of insurance organization
7.7.2 Establishing a local company
7.7.3 Foreign ownership
7.7.4 Types of license
7.7.5 Capital requirements
7.7.6 Solvency margins
7.7.7 Reserve requirements
7.7.8 Investment regulations
7.7.9 Statutory return requirements
7.7.10 Fee structure
7.8 Taxation
7.8.1 Insurance premium or policy taxation
7.8.2 Withholding taxes on premium paid overseas
7.8.3 Corporate tax
7.8.4 VAT
7.8.5 Captives
7.9 Legal System
7.9.1 Introduction
7.9.2 Access to court
7.9.3 Alternative dispute resolution (ADR)
8 Definitions and Methodology
8.1 Definitions
8.2 Methodology
9 About Timetric
9.1 Contact Timetric
9.2 About Timetric
9.3 Timetric's Services
9.4 Disclaimer

List of Tables
Table 1: Luxembourg Personal Accident and Health Insurance - Key Facts, 2014
Table 2: Luxembourg Government Credit Ratings
Table 3: Luxembourg Personal Accident and Health Insurance - Gross Written Premium by Category (EUR Million), 2010-2014
Table 4: Luxembourg Personal Accident and Health Insurance - Gross Written Premium by Category (US$ Million), 2010-2014
Table 5: Luxembourg Personal Accident and Health Insurance - Gross Written Premium by Category (EUR Million), 2014-2019
Table 6: Luxembourg Personal Accident and Health Insurance - Gross Written Premium by Category (US$ Million), 2014-2019
Table 7: Luxembourg Personal Accident and Health Insurance - Direct Written Premium by Category (EUR Million), 2010-2014
Table 8: Luxembourg Personal Accident and Health Insurance - Direct Written Premium by Category (US$ Million), 2010-2014
Table 9: Luxembourg Personal Accident and Health Insurance - Direct Written Premium by Category (EUR Million), 2014-2019
Table 10: Luxembourg Personal Accident and Health Insurance - Direct Written Premium by Category (US$ Million), 2014-2019
Table 11: Luxembourg Personal Accident and Health Insurance - Net Earned Premium (EUR Million), 2010-2014
Table 12: Luxembourg Personal Accident and Health Insurance - Net Earned Premium (EUR Million), 2014-2019
Table 13: Luxembourg Personal Accident and Health Insurance - Paid Claims by Category (EUR Million), 2010-2014
Table 14: Luxembourg Personal Accident and Health Insurance - Paid Claims by Category (US$ Million), 2010-2014
Table 15: Luxembourg Personal Accident and Health Insurance - Paid Claims by Category (EUR Million), 2014-2019
Table 16: Luxembourg Personal Accident and Health Insurance - Paid Claims by Category (US$ Million), 2014-2019
Table 17: Luxembourg Personal Accident and Health Insurance - Incurred Loss by Category (EUR Million), 2010-2014
Table 18: Luxembourg Personal Accident and Health Insurance - Incurred Loss by Category (US$ Million), 2010-2014
Table 19: Luxembourg Personal Accident and Health Insurance - Incurred Loss by Category (EUR Million), 2014-2019
Table 20: Luxembourg Personal Accident and Health Insurance - Incurred Loss by Category (US$ Million), 2014-2019
Table 21: Luxembourg Personal Accident and Health Insurance - Net Written Premium by Category (EUR Million), 2010-2014
Table 22: Luxembourg Personal Accident and Health Insurance - Net Written Premium by Category (US$ Million), 2010-2014
Table 23: Luxembourg Personal Accident and Health Insurance - Net Written Premium by Category (EUR Million), 2014-2019
Table 24: Luxembourg Personal Accident and Health Insurance - Net Written Premium by Category (US$ Million), 2014-2019
Table 25: Luxembourg Personal Accident and Health Insurance - Loss Ratio (%), 2010-2014
Table 26: Luxembourg Personal Accident and Health Insurance - Loss Ratio (%), 2014-2019
Table 27: Luxembourg Personal Accident and Health Insurance - Commission and Expenses (EUR Million), 2010-2014
Table 28: Luxembourg Personal Accident and Health Insurance - Commission and Expenses (EUR Million), 2014-2019
Table 29: Luxembourg Personal Accident and Health Insurance - Combined Ratio (%), 2010-2014
Table 30: Luxembourg Personal Accident and Health Insurance - Combined Ratio (%), 2014-2019
Table 31: Luxembourg Personal Accident and Health Insurance - Total Assets (EUR Million), 2010-2014
Table 32: Luxembourg Personal Accident and Health Insurance - Total Assets (EUR Million), 2014-2019
Table 33: Luxembourg Personal Accident and Health Insurance - Net Written Premium as a Percentage of Gross Written Premium (%), 2010-2014
Table 34: Luxembourg Personal Accident and Health Insurance - Net Written Premium as a Percentage of Gross Written Premium (%), 2014-2019
Table 35: Luxembourg Personal Accident Insurance - Direct Written Premium (EUR Million), 2010-2014
Table 36: Luxembourg Personal Accident Insurance - Direct Written Premium (EUR Million), 2014-2019
Table 37: Luxembourg Personal Accident Insurance - Loss Ratio (%), 2010-2014
Table 38: Luxembourg Personal Accident Insurance - Loss Ratio (%), 2014-2019
Table 39: Luxembourg Travel Insurance - Direct Written Premium (EUR Million), 2010-2014
Table 40: Luxembourg Travel Insurance - Direct Written Premium (EUR Million), 2014-2019
Table 41: Luxembourg Travel Insurance - Loss Ratio (%), 2010-2014
Table 42: Luxembourg Travel Insurance - Loss Ratio (%), 2014-2019
Table 43: Luxembourg Health Insurance - Gross Written Premium (EUR Million), 2010-2014
Table 44: Luxembourg Health Insurance - Gross Written Premium (EUR Million), 2014-2019
Table 45: Luxembourg Health Insurance - Direct Written Premium (EUR Million), 2010-2014
Table 46: Luxembourg Health Insurance - Direct Written Premium (EUR Million), 2014-2019
Table 47: Luxembourg Health Insurance - Paid Claims (EUR Million), 2010-2014
Table 48: Luxembourg Health Insurance - Paid Claims (EUR Million), 2014-2019
Table 49: Luxembourg Health Insurance - Loss Ratio (%), 2010-2014
Table 50: Luxembourg Health Insurance - Loss Ratio (%), 2014-2019
Table 51: Luxembourg Health Insurance - Net Written Premium (EUR Million), 2010-2014
Table 52: Luxembourg Health Insurance - Net Written Premium (EUR Million), 2014-2019
Table 53: Luxembourg Personal Accident and Health Insurance - Segment Shares (%), 2014
Table 54: Globality SA, Key Facts
Table 55: Globality SA - Key Financials (EUR Million), 2012-2014
Table 56: DKV Luxembourg, Key Facts
Table 57: DKV Luxembourg - Key Financials (EUR Million), 2010-2014
Table 58: National General Insurance Luxembourg SA Key Facts
Table 59: Foyer Sante - Key Facts
Table 60: Foyer Sante - Key Financials (EUR Million), 2010-2014
Table 61: Axa Assurances Luxembourg, Key Facts
Table 62: Axa Assurances Luxembourg - Key Financials (EUR Million), 2010-2014
Table 63: La Luxembourgeoise, Key Facts
Table 64: La Luxembourgeoise - Key Financials (EUR Million), 2010-2014
Table 65: Foyer Assurances, Key Facts
Table 66: Foyer Assurances - Key Financials (EUR Million), 2010-2014
Table 67: Swiss Re International, Key Facts
Table 68: Swiss Re International - Key Financials (EUR Million), 2010-2014
Table 69: Baloise Assurances Luxembourg SA, Key Facts
Table 70: Arisa Assurances, Key Facts
Table 71: Luxembourg - Insurance Regulatory Framework Key Features
Table 72: Luxembourg - Life Insurance Regulatory Framework
Table 73: Luxembourg - Property Insurance Regulatory Framework
Table 74: Luxembourg - Motor Insurance Regulatory Framework
Table 75: Luxembourg - Liability Insurance Regulatory Framework
Table 76: Luxembourg - Minimum Cover for Aircraft Third-Party Liability Per Accident Per
Table 77: Luxembourg - Insurance Premium Taxation
Table 78: Luxembourg - Corporate Tax Rate for the Financial Year 2015
Table 79: Insurance Industry Definitions