Reinsurance in Lithuania, Key Trends and Opportunities to 2017

Published: May, 2014 | Pages: 67 | Publisher: Timetric
Industry: Insurance | Report Format: Electronic (PDF)


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

Summary
Lithuania has only two operational reinsurers, Gen Re and Scor Global Life SE, both of which are foreign and operate through domestic brokers. According to an agreement signed on January 1, 2014, Gen Re will provide reinsurance to UAB SEB gyvyb?s draudimas, a leading life insurance provider in Lithuania. Scor Global life SE reinsures risks for Bonum Publicum, one of the largest life insurance companies in Lithuania. 
Scope
This report provides a comprehensive analysis of the reinsurance segment in Lithuania:
It provides historical values for Lithuania's reinsurance segment for the report's 2008-2012 review period and projected figures for the 2012-2017 forecast period.
It offers a detailed analysis of the key sub-segments in Lithuania's reinsurance segment, along with market forecasts until 2017.
It provides a detailed analysis of the reinsurance ceded from various direct insurance segments in Lithuania and its growth prospects. 
Reason To Buy
 Make strategic business decisions using in depth historic and forecast market data related to the Lithuanian reinsurance segment and each sector within it
Understand the demand-side dynamics, key market trends and growth opportunities within the Lithuanian reinsurance segment
Identify the growth opportunities and market dynamics within key product categories
Gain insights into key regulations governing the Lithuanian insurance industry and its impact on companies and the market's future 
Key Highlights
 In 2012, the reinsurance premium ceded by the non-life segment was 5.3%, while the personal accident and health segment ceded 3.8%.
The treaty reinsurance category accounted for 100.0% of the reinsurance segment's written premium in 2012.
Two multinational reinsurers, Gen Re and Scor Re, write premiums in the Lithuanian insurance industry through domestic brokers.

 1 Executive Summary
2 Introduction
2.1 What is this Report About?
2.2 Definitions
2.3 Methodology
3 Lithuanian Insurance Industry Attractiveness
3.1 Insurance Industry Size, 2008-2017
3.2 Reinsurance Growth Dymics and Challenges
3.2.1 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 Competitive Landscape and Strategic Insights
5.1 Overview
5.2 Gen Re - Company Overview
5.2.1 Gen Re - key facts
5.3 Scor Re - Company Overview
5.3.1 Scor Re - key facts
6 Business Environment and Country Risk
6.1 Business Confidence
6.1.1 Market capitalization trend - sdaq OMX Vilnius (VLN) Stock Exchange, Lithuania
6.2 Economic Performance
6.2.1 GDP at constant prices (US$)
6.2.2 GDP per capita at constant prices (US$)
6.2.3 GDP at current prices (US$)
6.2.4 GDP per capita at current prices (US$)
6.2.5 GDP by key segments
6.2.6 Agriculture, hunting, forestry and fishing net output at current prices (US$)
6.2.7 Agriculture, hunting, forestry and fishing net output at current prices as a percentage of GDP
6.2.8 Manufacturing net output at current prices (US$)
6.2.9 Manufacturing net output at current prices as a percentage of GDP
6.2.10 Mining, manufacturing and utilities at current prices (US$)
6.2.11 Mining, manufacturing and utilities at current prices, as percentage of GDP
6.2.12 Construction net output at current prices, (US$)
6.2.13 Construction net output at current prices as a percentage of GDP
6.2.14 Inflation rate
6.2.15 Exports as a percentage of GDP
6.2.16 Imports as a percentage of GDP
6.2.17 Merchandise exports growth
6.2.18 Merchandise imports growth
6.2.19 Annual average exchange rate LTL-US$
6.3 Infrastructure
6.3.1 Commercial vehicles exports - total value
6.3.2 Commercial vehicles imports - total value
6.3.3 Automotive exports - total value
6.3.4 Automotive imports - total value
6.3.5 Total internet subscribers
6.4 Labor Force
6.4.1 Labor force
6.4.2 Unemployment rate
6.5 Demographics
6.5.1 Gross tiol disposable income (US$)
6.5.2 Household consumption expenditure (US$)
6.5.3 Total population
6.5.4 Urban and rural populations
6.5.5 Age distribution of the total population
7 Appendix
7.1 Methodology
7.2 Contact Timetric
7.3 About Timetric
7.4 Timetric's Services
7.5 Disclaimer


List of Tables
Table 1: Insurance Industry Definitions
Table 2: Lithuanian Insurance - Overall Written Premium by Segment (LTL Million), 2008-2012
Table 3: Lithuanian Insurance - Overall Written Premium by Segment (US$ Million), 2008-2012
Table 4: Lithuanian Insurance - Overall Written Premium by Segment (LTL Million), 2012-2017
Table 5: Lithuanian Insurance - Overall Written Premium by Segment (US$ Million), 2012-2017
Table 6: Lithuanian Insurance - Segmentation (Percentage Share), 2008-2017
Table 7: Lithuanian Premium Ceded to Reinsurance by Type of Insurance (LTL Million), 2008-2012
Table 8: Lithuanian Premium Ceded to Reinsurance by Type of Insurance (US$ Million), 2008-2012
Table 9: Lithuanian Premium Ceded to Reinsurance by Type of Insurance (LTL Million), 2012-2017
Table 10: Lithuanian Premium Ceded to Reinsurance by Type of Insurance (US$ Million), 2012-2017
Table 11: Lithuanian Life Insurance - Percentage of Reinsurance Ceded (%), 2008-2012
Table 12: Lithuanian Life Insurance - Percentage of Reinsurance Ceded (%), 2012-2017
Table 13: Lithuanian Non-Life Insurance - Percentage of Reinsurance Ceded, 2008-2012
Table 14: Lithuanian Non-Life Insurance - Percentage of Reinsurance Ceded, 2012-2017
Table 15: Lithuanian Persol Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2008-2012
Table 16: Lithuanian Persol Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2012-2017
Table 17: Gen Re, Key Facts
Table 18: Scor Re, Key Facts