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

Published: Feb, 2014 | Pages: 242 | Publisher: Timetric
Industry: Insurance | Report Format: Electronic (PDF)


Synopsis
The report provides in depth market analysis, information and insights into the Swedish personal accident and health insurance segment, including:
The Swedish 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 Swedish personal accident and health insurance segment
The detailed competitive landscape in the personal accident and health insurance segment in Sweden
Detailed regulatory framework of the Swedish insurance industry
A description of the personal accident and health reinsurance segment in Sweden
Porter's Five Forces Analysis of the personal accident and health insurance segment
A benchmarking section on the Swedish life insurance segment in comparison with other countries in the Nordic Region 

Summary
The personal accident category accounted for the second-largest share of 20.9% in 2012, after recording a review-period CAGR of -19.2%. The category was adversely affected by the financial crisis, with the premium value declining by 89.2% in 2009. Swedes prioritized temporary liquidity requirements over hedging purposes such as personal accident insurance. However, with the easing of economic conditions in 2010, Swedes again allocated finances to personal accident insurance. Consequently, the category registered an annual growth rate of 257.1% in 2010. Over the forecast period, the category's written premiums are expected to increase at a forecast-period CAGR of 5.1%. 
Scope
This report provides a comprehensive analysis of the personal accident and health insurance segment in Sweden:
It provides historical values for the Swedish 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 Swedish 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 Sweden.
Using Porter's industry-standard "Five Forces" analysis, it details the competitive landscape in Sweden for the personal accident and health insurance segment.
It provides a detailed analysis of the reinsurance segment in Sweden and its growth prospects.
It profiles the top personal accident and health insurance companies in Sweden 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 Swedish personal accident and health insurance segment and each category within it
Understand the demand-side dynamics, key market trends and growth opportunities within the Swedish 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 Swedish insurance industry and its impact on companies and the market's future 
Key Highlights
 Sweden's personal accident and health insurance is the smallest segment in the country's insurance industry in terms of gross written premium
The provision of healthcare in Sweden is dominated by the public healthcare system and funded through taxpayers' money
Since 2010, private companies have been permitted to establish general physician-style services in the country
Agencies are a key distribution channel for the personal accident and health insurance segment. They accounted for 29.6% of the total commission paid to distribution channels in 2012
The segment is highly consolidated and dominated by domestic insurers. The 10 leading companies accounted for 93.7% of the segment in 2012

 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 Swedish 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
6.1.4 Non-life health insurance
6.1.5 Life 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 - Swedish Persol Accident and Health Insurance
8.1 Bargaining power of supplier: low to medium
8.2 Bargaining power of buyer: medium to high
8.3 Barriers to entry: high
8.4 Intensity of rivalry: high
8.5 Threat of substitutes: low to high
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 Workers' compensation insurance
10.3.3 Air carriers and aircraft operators insurance
10.4 Supervision and Control
10.4.1 Intertiol Association of Insurance Supervisors (IAIS)
10.4.2 European Insurance and Occupatiol Pensions Authority (EIOPA)
10.4.3 Finsinspektionen (FI)
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 domestic 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 Swedish Persol Accident and Health Insurance Segment
11.3 Comparison of Top Five Insurers
11.3.1 Gross written premium
11.4 Trygg-Hansa - Company Overview
11.4.1 Trygg-Hansa - key facts
11.5 Folksam - Company Overview
11.5.1 Folksam - key facts
11.6 Lansforsakringar - Company Overview
11.6.1 Lansforsakringar - key facts
11.7 If Skadeforsakring - Company Overview
11.7.1 If Skadeforsakring - key facts
11.8 Moder - Company Overview
11.8.1 Moder - key facts
11.9 Solid Forsakringar - Company Overview
11.9.1 Solid Forsakringar - key facts
11.1 ERV - Company Overview
11.10.1 ERV - key facts
11.11 Di-gruppen - Company Overview
11.11.1 Di-gruppen - key facts
12 Business Environment and Country Risk
12.1 Business Confidence
12.1.1 Market capitalization trend - Stockholm Stock Exchange, Sweden
12.2 Economic Performance
12.2.1 GDP at constant prices (US$)
12.2.2 GDP per capita at constant prices (US dollar)
12.2.3 GDP at current prices (US dollar)
12.2.4 GDP per capita at current prices (US dollar)
12.2.5 GDP by key segments
12.2.6 Agriculture, hunting, forestry and fishing net output at current prices (US dollar)
12.2.7 Agriculture, hunting, forestry and fishing net output at current prices as a percentage of GDP
12.2.8 Manufacturing net output at current prices (US$)
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 US dollar against the kro
12.3 Infrastructure Quality and Availability
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: Swedish Insurance - Overall Written Premium by Segment (SEK Billion), 2008-2012
Table 3: Swedish Insurance - Overall Written Premium by Segment (US$ Billion), 2008-2012
Table 4: Swedish Insurance - Overall Written Premium by Segment (SEK Billion), 2012-2017
Table 5: Swedish Insurance - Overall Written Premium by Segment (US$ Billion), 2012-2017
Table 6: Swedish Insurance - Segmentation (Percentage Share), 2008-2017
Table 7: Swedish Persol Accident and Health Insurance - Written Premium by Category (SEK Billion), 2008-2012
Table 8: Swedish Persol Accident and Health Insurance - Written Premium by Category (US$ Billion), 2008-2012
Table 9: Swedish Persol Accident and Health Insurance - Written Premium by Category (SEK Billion), 2012-2017
Table 10: Swedish Persol Accident and Health Insurance - Written Premium by Category (US$ Billion), 2012-2017
Table 11: Swedish Persol Accident and Health Insurance - Earned Premium (SEK Billion), 2008-2012
Table 12: Swedish Persol Accident and Health Insurance - Earned Premium (SEK Billion), 2012-2017
Table 13: Swedish Persol Accident and Health Insurance - Paid Claims by Category (SEK Billion), 2008-2012
Table 14: Swedish Persol Accident and Health Insurance - Paid Claims by Category (US$ Billion), 2008-2012
Table 15: Swedish Persol Accident and Health Insurance - Paid Claims by Category (SEK Billion), 2012-2017
Table 16: Swedish Persol Accident and Health Insurance - Paid Claims by Category (US$ Billion), 2012-2017
Table 17: Swedish Persol Accident and Health Insurance - Incurred Loss by Category (SEK Billion), 2008-2012
Table 18: Swedish Persol Accident and Health Insurance - Incurred Loss by Category (US$ Billion), 2008-2012
Table 19: Swedish Persol Accident and Health Insurance - Incurred Loss by Category (SEK Billion), 2012-2017
Table 20: Swedish Persol Accident and Health Insurance - Incurred Loss by Category (US$ Billion), 2012-2017
Table 21: Swedish Persol Accident and Health Insurance - Loss Ratio (%), 2008-2012
Table 22: Swedish Persol Accident and Health Insurance - Loss Ratio (%), 2012-2017
Table 23: Swedish Persol Accident and Health Insurance - Commission and Expenses (SEK Billion), 2008-2012
Table 24: Swedish Persol Accident and Health Insurance - Commission and Expenses (SEK Billion), 2012-2017
Table 25: Swedish Persol Accident and Health Insurance - Combined Ratio (%), 2008-2012
Table 26: Swedish Persol Accident and Health Insurance - Combined Ratio (%), 2012-2017
Table 27: Swedish Persol Accident and Health Insurance - Frauds and Crimes (SEK Billion), 2008-2012
Table 28: Swedish Persol Accident and Health Insurance - Fraud and Crimes (SEK Billion), 2012-2017
Table 29: Swedish Persol Accident and Health Insurance - Total Assets (SEK Billion), 2008-2012
Table 30: Swedish Persol Accident and Health Insurance - Total Assets (SEK Billion), 2012-2017
Table 31: Swedish Persol Accident and Health Insurance - Total Investment Income (SEK Billion), 2008-2012
Table 32: Swedish Persol Accident and Health Insurance - Total Investment Income (SEK Billion), 2012-2017
Table 33: Swedish Persol Accident and Health Insurance - Retentions (SEK Billion), 2008-2012
Table 34: Swedish Persol Accident and Health Insurance - Retentions (SEK Billion), 2012-2017
Table 35: Swedish Persol Accident Insurance - Number of Policies Sold (Thousand), 2008-2012
Table 36: Swedish Persol Accident Insurance - Number of Policies Sold (Thousand), 2012-2017
Table 37: Swedish Persol Accident Insurance - Written Premium (SEK Billion), 2008-2012
Table 38: Swedish Persol Accident Insurance - Written Premium (SEK Billion), 2012-2017
Table 39: Swedish Persol Accident Insurance - Loss Ratio (%), 2008-2012
Table 40: Swedish Persol Accident Insurance - Loss Ratio (%), 2012-2017
Table 41: Swedish Travel Insurance - Number of Policies Sold (Thousand), 2008-2012
Table 42: Swedish Travel Insurance - Number of Policies Sold (Thousand), 2012-2017
Table 43: Swedish Travel Insurance - Written Premium (SEK Billion), 2008-2012
Table 44: Swedish Travel Insurance - Written Premium (SEK Billion), 2012-2017
Table 45: Swedish Travel Insurance - Loss Ratio (%), 2008-2012
Table 46: Swedish Travel Insurance - Loss Ratio (%), 2012-2017
Table 47: Swedish Health Insurance - Written Premium by Sub-Category (SEK Billion), 2008-2012
Table 48: Swedish Health Insurance - Written Premium by Sub-Category (US$ Billion), 2008-2012
Table 49: Swedish Health Insurance - Written Premium by Sub-Category (SEK Billion), 2012-2017
Table 50: Swedish Health Insurance - Written Premium by Sub-Category (US$ Billion), 2012-2017
Table 51: Swedish Non-Life Health Insurance - Number of Policies Sold (Thousand), 2008-2012
Table 52: Swedish Non-Life Health Insurance - Number of Policies Sold (Thousand), 2012-2017
Table 53: Swedish Non-Life Health Insurance - Written Premium (SEK Billion), 2008-2012
Table 54: Swedish Non-Life Health Insurance - Written Premium (SEK Billion), 2012-2017
Table 55: Swedish Non-Life Health Insurance - Loss Ratio (%), 2008-2012
Table 56: Swedish Non-Life Health Insurance - Loss Ratio (%), 2012-2017
Table 57: Swedish Life Health Insurance - Number of Policies Sold (Thousand), 2008-2012
Table 58: Swedish Life Health Insurance - Number of Policies Sold (Thousand), 2012-2017
Table 59: Swedish Life Health Insurance - Written Premium (SEK Billion), 2008-2012
Table 60: Swedish Life Health Insurance - Written Premium (SEK Billion), 2012-2017
Table 61: Swedish Life Health Insurance - Loss Ratio (%), 2008-2012
Table 62: Swedish Life Health Insurance - Loss Ratio (%), 2012-2017
Table 63: Swedish Persol Accident and Health Insurance - Direct Marketing Commission Paid (SEK Billion), 2008-2012
Table 64: Swedish Persol Accident and Health Insurance - Direct Marketing Commission Paid (SEK Billion), 2012-2017
Table 65: Swedish Persol Accident and Health Insurance - Written Premium Through Direct Marketing (SEK Billion), 2008-2012
Table 66: Swedish Persol Accident and Health Insurance - Written Premium Through Direct Marketing (SEK Billion), 2012-2017
Table 67: Swedish Persol Accident and Health Insurance - Policies Sold Through Direct Marketing (Thousand), 2008-2012
Table 68: Swedish Persol Accident and Health Insurance - Policies Sold Through Direct Marketing (Thousand), 2012-2017
Table 69: Swedish Persol Accident and Health Insurance - Number of Direct Marketing Distributors, 2008-2012
Table 70: Swedish Persol Accident and Health Insurance - Number of Direct Marketing Distributors, 2012-2017
Table 71: Swedish Persol Accident and Health Insurance - Bancassurance Commission Paid (SEK Billion), 2008-2012
Table 72: Swedish Persol Accident and Health Insurance - Bancassurance Commission Paid (SEK Billion), 2012-2017
Table 73: Swedish Persol Accident and Health Insurance - Written Premium Through Bancassurance (SEK Billion), 2008-2012
Table 74: Swedish Persol Accident and Health Insurance - Written Premium Through Bancassurance (SEK Billion), 2012-2017
Table 75: Swedish Persol Accident and Health Insurance - Policies Sold Through Bancassurance (Thousand), 2008-2012
Table 76: Swedish Persol Accident and Health Insurance - Policies Sold Through Bancassurance (Thousand), 2012-2017
Table 77: Swedish Persol Accident and Health Insurance - Number of Bancassurance Distributors, 2008-2012
Table 78: Swedish Persol Accident and Health Insurance - Number of Bancassurance Distributors, 2012-2017
Table 79: Swedish Persol Accident and Health Insurance - Commission Paid to Agencies (SEK Billion), 2008-2012
Table 80: Swedish Persol Accident and Health Insurance - Commission Paid to Agencies (SEK Billion), 2012-2017
Table 81: Swedish Persol Accident and Health Insurance - Written Premium Through Agencies (SEK Billion), 2008-2012
Table 82: Swedish Persol Accident and Health Insurance - Written Premium Through Agencies (SEK Billion), 2012-2017
Table 83: Swedish Persol Accident and Health Insurance - Policies Sold Through Agencies (Thousand), 2008-2012
Table 84: Swedish Persol Accident and Health Insurance - Policies Sold Through Agencies (Thousand), 2012-2017
Table 85: Swedish Persol Accident and Health Insurance - Number of Agencies, 2008-2012
Table 86: Swedish Persol Accident and Health Insurance - Number of Agencies, 2012-2017
Table 87: Swedish Persol Accident and Health Insurance - E-Commerce Commission Paid (SEK Billion), 2008-2012
Table 88: Swedish Persol Accident and Health Insurance - E-Commerce Commission Paid (SEK Billion), 2012-2017
Table 89: Swedish Persol Accident and Health Insurance - Written Premium Through E-Commerce (SEK Billion), 2008-2012
Table 90: Swedish Persol Accident and Health Insurance - Written Premium Through E-Commerce (SEK Billion), 2012-2017
Table 91: Swedish Persol Accident and Health Insurance - Policies Sold Through E-Commerce (Thousand), 2008-2012
Table 92: Swedish Persol Accident and Health Insurance - Policies Sold Through E-Commerce (Thousand), 2012-2017
Table 93: Swedish Persol Accident and Health Insurance - Number of E-Commerce Distributors, 2008-2012
Table 94: Swedish Persol Accident and Health Insurance - Number of E-Commerce Distributors, 2012-2017
Table 95: Swedish Persol Accident and Health Insurance - Commission Paid to Brokers (SEK Billion), 2008-2012
Table 96: Swedish Persol Accident and Health Insurance - Commission Paid to Brokers (SEK Billion), 2012-2017
Table 97: Swedish Persol Accident and Health Insurance - Written Premium Through Brokers (SEK Billion), 2008-2012
Table 98: Swedish Persol Accident and Health Insurance - Written Premium Through Brokers (SEK Billion), 2012-2017
Table 99: Swedish Persol Accident and Health Insurance - Policies Sold Through Brokers (Thousand), 2008-2012
Table 100: Swedish Persol Accident and Health Insurance - Policies Sold Through Brokers (Thousand), 2012-2017
Table 101: Swedish Persol Accident and Health Insurance - Number of Brokers, 2008-2012
Table 102: Swedish Persol Accident and Health Insurance - Number of Brokers, 2012-2017
Table 103: Swedish Persol Accident and Health Insurance - Commission Paid to Other Channels (SEK Billion), 2008-2012
Table 104: Swedish Persol Accident and Health Insurance - Commission Paid to Other Channels (SEK Billion), 2012-2017
Table 105: Swedish Persol Accident and Health Insurance - Written Premium Through Other Channels (SEK Billion), 2008-2012
Table 106: Swedish Persol Accident and Health Insurance - Written Premium Through Other Channels (SEK Billion), 2012-2017
Table 107: Swedish Persol Accident and Health Insurance - Policies Sold Through Other Channels (Thousand), 2008-2012
Table 108: Swedish Persol Accident and Health Insurance - Policies Sold Through Other Channels (Thousand), 2012-2017
Table 109: Swedish Persol Accident and Health Insurance - Number of Distributors in Other Channels, 2008-2012
Table 110: Swedish Persol Accident and Health Insurance - Number of Distributors in Other Channels, 2012-2017
Table 111: Swedish Reinsurance by Category (SEK Billion), 2008-2012
Table 112: Swedish Reinsurance by Category (US$ Billion), 2008-2012
Table 113: Swedish Reinsurance by Category (SEK Billion), 2012-2017
Table 114: Swedish Reinsurance by Category (US$ Billion), 2012-2017
Table 115: Swedish Premium Ceded to Reinsurance by Type of Insurance (SEK Billion), 2008-2012
Table 116: Swedish Premium Ceded to Reinsurance by Type of Insurance (US$ Billion), 2008-2012
Table 117: Swedish Premium Ceded to Reinsurance by Type of Insurance (SEK Billion), 2012-2017
Table 118: Swedish Premium Ceded to Reinsurance by Type of Insurance (US$ Billion), 2012-2017
Table 119: Swedish Persol Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2008-2012
Table 120: Swedish Persol Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2012-2017
Table 121: Sweden - Life Insurance Regulatory Framework
Table 122: Sweden - Property Insurance Regulatory Framework
Table 123: Sweden - Motor Insurance Regulatory Framework
Table 124: Sweden - Minimum Coverage for Aircraft Third-Party Liability per Accident and Aircraft
Table 125: Sweden - Corporate Tax Rates for the Fincial Year 2013
Table 126: Swedish Persol Accident and Health Insurance - Segment Shares (%), 2012
Table 127: Trygg-Hansa, Key Facts
Table 128: Folksam, Key Facts
Table 129: L�nsf�rs�kringar, Key Facts
Table 130: If Skadef�rs�kring, Key Facts
Table 131: Moder, Key Facts
Table 132: Solid F�rs�kringar, Key Facts
Table 133: ERV, Key Facts
Table 134: Di-gruppen, Key Facts