Reinsurance in Austria, Key Trends and Opportunities to 2018

Published: Oct, 2014 | Pages: 75 | Publisher: Timetric
Industry: Insurance | Report Format: Electronic (PDF)


Synopsis
The report provides in depth market analysis, information and insights into Austrian reinsurance segment, including:
Austrian reinsurance segment's growth prospects by reinsurance categories 
Key trends and drivers for the reinsurance segment 
Austrian reinsurance segment's growth prospects by reinsurance ceded from direct insurance segments
The competitive landscape in Austrian reinsurance segment  

Summary
The Austrian reinsurance segment's written premium grew at a review-period CAGR of 3.8%. This growth can be attributed to the country's favorable business and economic conditions, which supported reinsurance growth during the review period. The treaty reinsurance category accounted for 93.7% of the total reinsurance segment's written premium value in 2013, while facultative reinsurance accounted for 6.3%. Regulatory changes such as the implementation of Solvency II legislation in 2016 and the restructuring of the insurance industry over the forecast period will drive the reinsurance segment, as insurers will share a larger proportion of risk with reinsurers. The situation will be compounded by rising claim rates and instances of fraud. 
Scope
This report provides a comprehensive analysis of the reinsurance segment in Austria:
It provides historical values for Austria's reinsurance segment for the report's 2009-2013 review period and forecast figures for the 2013-2018 forecast period.
It offers a detailed analysis of the key sub-segments in Austria's reinsurance segment, along with market forecasts until 2018.
It provides a detailed analysis of the reinsurance ceded from various direct insurance segments in Austria and its growth prospects. 
Reason To Buy
 Make strategic business decisions using in depth historic and forecast market data related to Austrian reinsurance segment and each sector within it
Understand the demand-side dynamics, key market trends and growth opportunities within Austrian reinsurance segment
Identify the growth opportunities and market dynamics within key product categories
Gain insights into key regulations governing Austrian insurance industry and its impact on companies and the market's future 
Key Highlights
 The Austrian reinsurance segment consists of one domestic company, Generali Holding Vienna AG, and two foreign companies, General Reinsurance and Uniqa Re. 
The Austrian reinsurance segment registered a review-period CAGR of 3.8%, mainly due to weak business conditions caused by the global financial crisis in 2009 and eurozone debt crisis of 2011.
The Austrian reinsurance segment consists of the treaty and facultative categories. In terms of written premium, treaty reinsurance accounted for 93.7% of the total reinsurance premium accepted in 2013, followed by facultative reinsurance with 6.3%.

 1 Executive Summary
2 Introduction
2.1 What is this Report About?
2.2 Definitions
2.3 Methodology
3 Austrian Insurance Industry Attractiveness
3.1 Insurance Industry Size, 2009-2018
4 Reinsurance Growth Dymics and Challenges
4.1 Reinsurance Segment Size, 2009-2018
4.2 Reinsurance Segment Size by Type of Insurance, 2009-2018
5 Key Industry Trends and Drivers
5.1 Fundamental Business Drivers
5.2 Life Insurance Drivers
5.3 Non-Life Insurance Drivers
5.4 Persol Accident and Health Insurance Drivers
6 Competitive Landscape and Strategic Insights
6.1 Leading Companies in the Austrian Reinsurance Segment
6.2 Generali Holding Vien AG - Company Overview
1.1.1 Generali Holding Vien AG - Key facts
6.3 General Reinsurance AG - Company Overview
1.1.2 General Reinsurance AG - key facts
6.4 Uniqa Re AG - Company Overview
1.1.3 Uniqa Re AG - key facts
7 Business Environment and Country Risk
7.1 Business Confidence
7.1.1 Market capitalization trend - Vien Stock Exchange, Austria
7.2 Economic Performance
7.2.1 GDP at constant prices (US$)
7.2.2 GDP per capita at constant prices (US$)
7.2.3 GDP at current prices (US$)
7.2.4 GDP per capita at current prices (US$)
7.2.5 GDP by key segments
7.2.6 Agriculture, hunting, forestry and fishing net output at current prices (US$)
7.2.7 Agriculture, hunting, forestry and fishing net output at current prices as a percentage of GDP
7.2.8 Manufacturing net output at current prices (US$)
7.2.9 Manufacturing net output at current prices as a percentage of GDP
7.2.10 Mining, manufacturing and utilities at current prices (US$)
7.2.11 Mining, manufacturing and utilities at current prices, as percentage of GDP
7.2.12 Construction net output at current prices, (US$)
7.2.13 Construction net output at current prices as a percentage of GDP
7.2.14 Inflation rate
7.2.15 Exports as a percentage of GDP
7.2.16 Imports as a percentage of GDP
7.2.17 Merchandise exports growth
7.2.18 Merchandise imports growth
7.2.19 Annual average exchange rate EUR-US$
7.3 Infrastructure
7.3.1 Commercial vehicle exports - total value
7.3.2 Commercial vehicle imports - total value
7.3.3 Automotive exports - total value
7.3.4 Automotive imports - total value
7.3.5 Total internet subscribers
7.4 Labor Force
7.4.1 Labor force
7.5 Demographics
7.5.1 Gross tiol disposable income (US$)
7.5.2 Household consumption expenditure (US$)
7.5.3 Total population
7.5.4 Urban and rural populations
7.5.5 Age distribution of the total population
8 Appendix
8.1 Methodology
8.2 Contact Timetric
8.3 About Timetric
8.4 Timetric's Services
8.5 Disclaimer


List of Tables
Table 1: Insurance Industry Definitions
Table 2: Austrian Insurance Industry - Gross Written Premium by Segment (EUR Billion), 2009-2013
Table 3: Austrian Insurance Industry - Gross Written Premium by Segment (US$ Billion), 2009-2013
Table 4: Austrian Insurance Industry - Gross Written Premium by Segment (EUR Billion), 2013-2018
Table 5: Austrian Insurance Industry - Gross Written Premium by Segment (US$ Billion), 2013-2018
Table 6: Austrian Insurance Industry - Gross Written Premium by Segment (Percentage Share), 2009-2018
Table 7: Austrian Insurance Industry - Direct Written Premium by Segment (EUR Billion), 2009-2013
Table 8: Austrian Insurance Industry - Direct Written Premium by Segment (US$ Billion), 2009-2013
Table 9: Austrian Insurance Industry - Direct Written Premium by Segment (EUR Billion), 2013-2018
Table 10: Austrian Insurance Industry - Direct Written Premium by Segment (US$ Billion), 2013-2018
Table 11: Austrian Insurance Industry - Direct Written Premium by Segment (Percentage Share), 2009-2018
Table 12: Austrian Reinsurance - Premium Accepted by Category (EUR Million), 2009-2013
Table 13: Austrian Reinsurance - Premium Accepted by Category (US$ Million), 2009-2013
Table 14: Austrian Reinsurance - Premium Accepted by Category (EUR Million), 2013-2018
Table 15: Austrian Reinsurance - Premium Accepted by Category (US$ Million), 2013-2018
Table 16: Austrian Reinsurance - Premium Ceded by Type of Insurance (EUR Million), 2009-2013
Table 17: Austrian Reinsurance - Premium Ceded by Type of Insurance (US$ Million), 2009-2013
Table 18: Austrian Reinsurance - Premium Ceded by Type of Insurance (EUR Million), 2013-2018
Table 19: Austrian Reinsurance - Premium Ceded by Type of Insurance (US$ Million), 2013-2018
Table 20: Austrian Life Insurance - Percentage of Reinsurance Ceded (%), 2009-2013
Table 21: Austrian Life Insurance - Percentage of Reinsurance Ceded (%), 2013-2018
Table 22: Austrian Non-Life Insurance - Percentage of Reinsurance Ceded, 2009-2013
Table 23: Austrian Non-Life Insurance - Percentage of Reinsurance Ceded, 2013-2018
Table 24: Austrian Persol Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2009-2013
Table 25: Austrian Persol Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2013-2018
Table 26: Austrian Reinsurance - Leading Companies, 2013
Table 27: Generali Holding Vien AG, Key facts
Table 28: General Reinsurance AG, Key facts
Table 29: Uniqa Re AG, Key facts