Reinsurance in Greece, Key Trends and Opportunities to 2017

Published: Feb, 2014 | Pages: 69 | Publisher: Timetric
Industry: Insurance | Report Format: Electronic (PDF)


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

Summary
The Greek reinsurance segment registered a compound annual growth rate (CAGR) of -0.31% during the review period (2008?2012), in the presence of both the global financial crisis and European sovereign debt crisis. During the review period, the premium ceded to reinsurance by Greek direct insurers decreased at a CAGR of -3.4% during the review period. Ceded premium increased briefly in 2009, but declined consistently after that. The global financial crisis and a decline in overall insurance premium decreased the premium ceded towards reinsurers; the non-life insurance segment ceded 75.6% of the total ceded premium.  
Scope
This report provides a comprehensive analysis of the reinsurance segment in Greece:
It provides historical values for Greece's reinsurance 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 Greece's reinsurance segment, along with market forecasts until 2017.
It provides a detailed analysis of the reinsurance ceded from various direct insurance segments in Greece and its growth prospects.  
Reason To Buy
 Make strategic business decisions using in depth historic and forecast market data related to the Greek reinsurance segment and each category within it.
Understand the demand-side dynamics, key market trends and growth opportunities within the Greek reinsurance segment.
Identify the growth opportunities and market dynamics within key product categories.
Gain insights into key regulations governing the Greek insurance industry and its impact on companies and the market's future. 
Key Highlights
 The reinsurance segment is relatively underdeveloped compared to other European reinsurance segments including the UK, Germany and France
Every reinsurance company domiciled in Greece has to be incorporated as a Societe Anonyme (SA) or mutual reinsurance cooperative
During the review period, the amount of premium ceded to reinsurance by direct insurers decreased at a CAGR of -3.4% during the review period
In the absence of any major natural disasters, reinsurance premiums increased marginally during the review period

 1 Executive Summary
2 Introduction
2.1 What is this Report About?
2.2 Definitions
2.3 Methodology
3 Greek Insurance Industry Attractiveness
3.1 Insurance Industry Size, 2008-2017
3.2 Reinsurance Growth Dymics and Challenges
3.2.1 Reinsurance Segment Size, 2008-2017
3.2.2 Reinsurance segment size by type of insurance, 2008-2017
4 Key Industry Trends and Drivers
4.1 Fundamental Business Drivers
4.2 Life Insurance Segment Drivers
4.3 Non-Life Insurance Segment Drivers
4.4 Persol Accident and Health Insurance Segment Drivers
5 Business Environment and Country Risk
5.1 Business Confidence
5.1.1 Market capitalization trend - Athens Stock Exchange, Greece
5.2 Economic Performance
5.2.1 GDP at constant prices (US$)
5.2.2 GDP per capita at constant prices (US dollar)
5.2.3 GDP at current prices (US dollar)
5.2.4 GDP per capita at current prices (US dollar)
5.2.5 GDP by key segments
5.2.6 Agriculture net output at current prices (US dollar)
5.2.7 Agriculture net output at current prices as a percentage of GDP
5.2.8 Manufacturing net output at current prices (US$)
5.2.9 Manufacturing net output at current prices as a percentage of GDP
5.2.10 Mining, manufacturing and utilities at current prices (US$)
5.2.11 Mining, manufacturing and utilities at current prices, as percentage of GDP
5.2.12 Construction net output at current prices, (US$)
5.2.13 Construction net output at current prices as a percentage of GDP
5.2.14 Inflation rate
5.2.15 Exports as a percentage of GDP
5.2.16 Imports as a percentage of GDP
5.2.17 Merchandise Exports growth
5.2.18 Merchandise Imports growth
5.2.19 Annual average exchange rate Euro-US$
5.3 Infrastructure Quality and Availability
5.3.1 Commercial vehicles exports total value
5.3.2 Commercial vehicles imports total value
5.3.3 Automotive exports total value
5.3.4 Automotive imports total value
5.3.5 Total internet subscribers
5.4 Labor Force
5.4.1 Labor force
5.4.2 Unemployment rate
5.5 Demographics
5.5.1 Gross tiol disposable income (US$)
5.5.2 Household consumption expenditure (US$)
5.5.3 Total population
5.5.4 Urban and rural population
5.5.5 Age distribution of the total population
6 Appendix
6.1 Methodology
6.2 Contact Timetric
6.3 About Timetric
6.4 Timetric's Services
6.5 Disclaimer


List of Tables
Table 1: Insurance Industry Definitions
Table 2: Greek Insurance - Overall Written Premium by Segment (EUR Billion), 2008-2012
Table 3: Greek Insurance - Overall Written Premium by Segment (US$ Billion), 2008-2012
Table 4: Greek Insurance - Overall Written Premium by Segment (EUR Billion), 2012-2017
Table 5: Greek Insurance - Overall Written Premium by Segment (US$ Billion), 2012-2017
Table 6: Greek Insurance - Segmentation (Percentage Share), 2008-2017
Table 7: Greek Reinsurance by Category (EUR Billion), 2008-2012
Table 8: Greek Reinsurance by Category (US$ Billion), 2008-2012
Table 9: Greek Reinsurance by Category (EUR Billion), 2012-2017
Table 10: Greek Reinsurance by Category (US$ Billion), 2012-2017
Table 11: Greek Premium Ceded to Reinsurance by Type of Insurance (EUR Billion), 2008-2012
Table 12: Greek Premium Ceded to Reinsurance by Type of Insurance (US$ Billion), 2008-2012
Table 13: Greek Premium Ceded to Reinsurance by Type of Insurance (EUR Billion), 2012-2017
Table 14: Greek Premium Ceded to Reinsurance by Type of Insurance(US$ Billion), 2012-2017
Table 15: Greek Life Insurance - Percentage of Reinsurance Ceded (%), 2008-2012
Table 16: Greek Life Insurance - Percentage of Reinsurance Ceded (%), 2012-2017
Table 17: Greek Non-Life Insurance - Percentage of Reinsurance Ceded, 2008-2012
Table 18: Greek Non-Life Insurance - Percentage of Reinsurance Ceded, 2012-2017
Table 19: Greek Persol Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2008-2012
Table 20: Greek Persol Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2012-2017