Reinsurance in Finland, Key Trends and Opportunities to 2017

Published: Jan, 2014 | Pages: 78 | Publisher: Timetric
Industry: Insurance | Report Format: Electronic (PDF)


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

Summary
The reinsurance segment in Finland is dominated by foreign reinsurers. In terms of written premium, the country's reinsurance segment grew from EUR134.0 million (US$196.2 million) in 2008 to EUR149.0 million (US$191.6 million) in 2012, at a compound annual growth rate (CAGR) of 2.7% during the review period (2008-2012). This gross written premium is expected to grow at a CAGR of 2.1% during the forecast period (2012-2017) to reach a value of EUR165.1 million (US$210.7 million) in 2017. 
Scope
This report provides a comprehensive analysis of the reinsurance segment in Finland:
It provides historical values for Finland's reinsurance segment for the report's 2008-2012 review period and expected figures for the 2012-2017 forecast period.
It offers a detailed analysis of the key sub-segments in Finland's reinsurance segment, along with market forecasts until 2017.
It provides a detailed analysis of the reinsurance ceded from various direct insurance segments in Finland and its growth prospects.  
Reason To Buy
 Make strategic business decisions using in-depth historic and forecast market data related to the Finnish reinsurance segment and each sector within it
Understand the demand-side dynamics, key market trends and growth opportunities within the Finnish reinsurance segment
Identify the growth opportunities and market dynamics within key product categories
Gain insights into key regulations governing the Finnish insurance industry and its impact on companies and the market's future 
Key Highlights
 The reinsurance segment in Finland is dominated by foreign reinsurers.
The non-life insurance segment accounted for the entire premium ceded to the reinsurance segment during the review period.
Treaty reinsurance accounts for the entire premium ceded to the reinsurance segment.
LocalTapiola General Mutual Insurance Company is the largest reinsurer in the Finnish reinsurance segment, accounting for a 33.8% share of total reinsurance written premiums in 2012.

 1 Executive Summary
2 Introduction
2.1 What is this Report About?
2.2 Definitions
2.3 Methodology
3 Finnish Insurance Industry's Attractiveness
3.1 Insurance Industry Size, 2008-2017
4 Reinsurance Growth Dymics and Challenges
4.1 Reinsurance Segment Size, 2008-2017
4.2 Reinsurance Segment Size by Type of Insurance, 2008-2017
5 Key Industry Trends and Drivers
5.1 Fundamental Business Drivers
5.2 Life Insurance Segment Drivers
5.3 Non-Life Insurance Segment Drivers
5.4 Persol Accident and Health Insurance Segment Drivers
6 Competitive Landscape and Strategic Insights
6.1 Overview
6.2 Leading Companies in the Finnish Reinsurance Segment
6.3 LocalTapiola General Mutual Insurance Company - Company Overview
6.3.1 LocalTapiola General Mutual Insurance Company - key facts
6.4 Pohjola Insurance Ltd - Company Overview
6.4.1 Pohjola Insurance Ltd - key facts
6.5 If P&C Insurance Company Ltd - Company Overview
6.5.1 If P&C Insurance Company Ltd - key facts
6.6 Local Insurance Mutual Company - Company Overview
6.6.1 Local Insurance Mutual Company - key facts
6.7 Redars omsesidiga Forsakringsbolag- Company Overview
6.7.1 Redars omsesidiga Forsakringsbolag-key facts
6.8 Mandatum Life Insurance Company Ltd- Company Overview
6.8.1 Mandatum Life Insurance Company Ltd - key facts
6.9 Retro Life Assurance Company Ltd - Company Overview
6.9.1 Retro Life Assurance Company Ltd - key facts
6.1 Keskinainen Vakuutusyhtio Palonvara - Company Overview
6.10.1 Keskinainen Vakuutusyhtio Palonvara - key facts
6.11 Fennia Mutual Insurance Company - Company Overview
6.11.1 Fennia Mutual Pension Insurance Company - key facts
7 Business Environment and Country Risk
7.1 Business Confidence
7.1.1 Market capitalization trend - Finnish Stock Exchange, Finland
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$)
7.2.11 Mining, manufacturing and utilities at current prices, as a percentage of GDP
7.2.12 Construction net output at current prices (US$)
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 Exports growth
7.2.18 Imports growth
7.2.19 Annual average exchange rate EUR-US$
7.3 Infrastructure Quality and Availability
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
7.4.2 Unemployment rate
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 population
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: Finnish Insurance - Overall Written Premium by Segment (EUR Billion), 2008-2012
Table 3: Finnish Insurance - Overall Written Premium by Segment (US$ Billion), 2008-2012
Table 4: Finnish Insurance - Overall Written Premium by Segment (EUR Billion), 2012-2017
Table 5: Finnish Insurance - Overall Written Premium by Segment (US$ Billion), 2012-2017
Table 6: Finnish Insurance - Segmentation (% Share), 2008-2017
Table 7: Finnish Reinsurance by Category (EUR Billion), 2008-2012
Table 8: Finnish Reinsurance by Category (US$ Billion), 2008-2012
Table 9: Finnish Reinsurance by Category (EUR Billion), 2012-2017
Table 10: Finnish Reinsurance by Category (US$ Billion), 2012-2017
Table 11: Finnish Premium Ceded to Reinsurance by Type of Insurance (EUR Billion), 2008-2012
Table 12: Finnish Premium Ceded to Reinsurance by Type of Insurance (US$ Billion), 2008-2012
Table 13: Finnish Premium Ceded to Reinsurance by Type of Insurance (EUR Billion), 2012-2017
Table 14: Finnish Premium Ceded to Reinsurance by Type of Insurance (US$ Billion), 2012-2017
Table 15: Finnish Life Insurance - Percentage of Reinsurance Ceded (%), 2008-2012
Table 16: Finnish Life Insurance - Percentage of Reinsurance Ceded (%), 2012-2017
Table 17: Finnish Non-Life Insurance - Percentage of Reinsurance Ceded (%), 2008-2012
Table 18: Finnish Non-Life Insurance - Percentage of Reinsurance Ceded (%), 2012-2017
Table 19: Finnish Persol Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2008-2012
Table 20: Finnish Persol Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2012-2017
Table 21: Finnish Reinsurance - Market Shares (%), 2012
Table 22: LocalTapiola General Mutual Insurance Company, Key Facts
Table 23: Pohjola Insurance Ltd, Key Facts
Table 24: If P&C Insurance Company Ltd, Key Facts
Table 25: Local Insurance Mutual Company, Key Facts
Table 26: Redars omsesidiga Forsakringsbolag, Key Facts
Table 27: Mandatum Life Insurance Company Ltd, Key Facts
Table 28: Retro Life Assurance Company Ltd, Key Facts
Table 29: Keskinainen Vakuutusyhtio Palonvara, Key Facts
Table 30: Fennia Mutual Insurance Company, Key Facts