Reinsurance in Latvia, Key Trends and Opportunities to 2017

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


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

Summary
Reinsurance in Latvia and the Baltic region is highly underdeveloped, primarily due to the small size of the region's insurance industry. The segment grew at a steady review-period (2008-2012) compound annual growth rate (CAGR) of 10.6%. Uncertain economic conditions and reforms in the Latvian economy, led by the International Monetary Fund (IMF), European Union (EU), and European Central Bank (ECB), are expected to result in volatility in premium generation over the forecast period (2012-2017). 
In contrast, the implementation of Solvency II directives is expected to improve competition among insurers, directly impacting the demand for reinsurance over the forecast period. The segment's written premium is anticipated to rise at a forecast-period CAGR of 18.5%. 
Scope
This report provides a comprehensive analysis of the reinsurance segment in Latvia:
It provides historical values for Latvia'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 Latvia's reinsurance segment, along with market forecasts until 2017.
It provides a detailed analysis of the reinsurance ceded from various direct insurance segments in Latvia and its growth prospects. 
Reason To Buy
 Make strategic business decisions using in depth historic and forecast market data related to the Latvian reinsurance segment and each sector within it
Understand the demand-side dynamics, key market trends and growth opportunities within the Latvian reinsurance segment
Identify the growth opportunities and market dynamics within key product categories
Gain insights into key regulations governing the Latvian insurance industry and its impact on companies and the market's future 
Key Highlights
 Reinsurance in Latvia and the Baltic region is highly underdeveloped, primarily due to the small size of the region's insurance industry
Latvia did not previously have specific regulations to govern reinsurers in the country
Uncertain economic conditions and reforms in the Latvian economy, led by the IMF, EU and ECB, are expected to result in volatility in premium generation over the forecast period
Latvian insurers cede premiums to reinsurers outside Latvia, which provide life and non-life reinsurance to the country

 1 Executive Summary
2 Introduction
2.1 What is This Report About?
2.2 Definitions
2.3 Methodology
3 Latvian Insurance Industry 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 Baltijas ApdroSin?Sas ms - Company Overview
6.2.1 Baltijas ApdroSin?Sas ms - key facts
7 Business Environment and Country Risk
7.1 Business Confidence
7.1.1 Market capitalization trend - Riga Stock Exchange, Latvia
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$)
7.2.7 Agriculture, hunting, forestry and fishing's net output at current prices as a percentage of GDP
7.2.8 Manufacturing net output at current prices (US$)
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 Merchandise exports growth
7.2.18 Merchandise imports growth
7.2.19 Annual average exchange rate LVL-US$
7.3 Infrastructure
7.3.1 Commercial vehicles exports - total value
7.3.2 Commercial vehicles 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 Total population
7.5.3 Urban and rural populations
7.5.4 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: Latvian Insurance - Overall Written Premium by Segment (LVL Million), 2008-2012
Table 3: Latvian Insurance - Overall Written Premium by Segment (US$ Million), 2008-2012
Table 4: Latvian Insurance - Overall Written Premium by Segment (LVL Million), 2012-2017
Table 5: Latvian Insurance - Overall Written Premium by Segment (US$ Million), 2012-2017
Table 6: Latvian Insurance - Segmentation (% Share), 2008-2017
Table 7: Reinsurance in Latvia by Category (LVL Million), 2008-2012
Table 8: Reinsurance in Latvia by Category (US$ Million), 2008-2012
Table 9: Reinsurance in Latvia by Category (LVL Million), 2012-2017
Table 10: Reinsurance in Latvia by Category (US$ Million), 2012-2017
Table 11: Latvian Premium Ceded to Reinsurance by Type of Insurance (LVL Million), 2008-2012
Table 12: Latvian Premium Ceded to Reinsurance by Type of Insurance (US$ Million), 2008-2012
Table 13: Latvian Premium Ceded to Reinsurance by Type of Insurance (LVL Million), 2012-2017
Table 14: Latvian Premium Ceded to Reinsurance by Type of Insurance (US$ Million), 2012-2017
Table 15: Latvian Life Insurance - Percentage of Reinsurance Ceded (%), 2008-2012
Table 16: Latvian Life Insurance - Percentage of Reinsurance Ceded (%), 2012-2017
Table 17: Latvian Non-Life Insurance - Percentage of Reinsurance Ceded, 2008-2012
Table 18: Latvian Non-Life Insurance - Percentage of Reinsurance Ceded, 2012-2017
Table 19: Latvian Persol Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2008-2012
Table 20: Latvian Persol Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2012-2017
Table 21: Baltijas ApdroSin?Sas ms, Key Facts