The Insurance Industry in Liechtenstein, Key Trends and Opportunities to 2017

Published: Feb, 2014 | Pages: 103 | Publisher: Timetric
Industry: Insurance | Report Format: Electronic (PDF)


Synopsis
The report provides in-depth industry analysis, information and insights into the insurance industry in Liechtenstein, including:
The Liechtenstein insurance industry's growth prospects by insurance segments and categories 
The competitive landscape in the Liechtenstein insurance industry
The current trends and drivers of the Liechtenstein insurance industry
Challenges facing the Liechtenstein insurance industry 

Summary
Liechtenstein's insurance industry is primarily driven by offshore business, and is the only insurance centre that offers insurance undertakings direct access to Switzerland and the European Economic Area (EEA) countries. Despite unfavorable demographics and economic factors, including a small population and GDP, Liechtenstein's insurance industry has undergone significant developments during the past decade and is being supported by the government's commercial links with Switzerland and increasing demand for life insurance policies in key overseas markets such as Italy, Germany and Switzerland. However, the industry posted a CAGR of -8.3% during the review period in terms of written premium value. The decline was largely a consequence of the expiry of the Italian tax amnesty of 2011, which resulted in sharp decline of insurance premiums in 2011. The life insurance segment, which accounted for 79.8% of Liechtenstein's insurance industry, registered a decline at a CAGR of -12.1% due to the Italian tax amnesty that affected the overall insurance industry. 
Scope
This report provides a comprehensive analysis of the insurance industry in Liechtenstein:
It provides historical values for the Liechtenstein insurance industry 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 segments and categories in the Liechtenstein insurance industry, along with forecasts until 2017.
It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets, total investment income and retentions.
It profiles the top insurance companies in Liechtenstein, and outlines the key regulations affecting them. 
Reason To Buy
 Make strategic business decisions using in-depth historic and forecast industry data related to the Liechtenstein insurance industry and each segment within it.
Understand the demand-side dynamics, key trends and growth opportunities within the Liechtenstein insurance industry.
Assess the competitive dynamics in the Liechtenstein insurance industry.
Identify the growth opportunities and market dynamics within key segments.
Gain insights into key regulations governing the Liechtenstein insurance industry and its impact on companies and the industry's future. 
Key Highlights
 Liechtenstein's insurance industry is primarily driven by offshore business and is the only insurance centre that offers insurance undertakings direct access to Switzerland and the European Economic Area (EEA) countries
Liechtenstein's economy is relatively small within a global context; however, the country emerged as one of the leading destinations for businesses due its favorable regulatory frameworks and tax-free insurance policies
The country has a robust regulatory framework to protect stakeholders' privacy, interests and protect against financial crime, while also encouraging foreign investment
The life segment accounted for 79.8% of the total industry in 2012, followed by the non-life segment, with 12.5% and the personal accident and health segment with a share of 7.77%
The volume of insurance providers increased from 35 in 2007 to 41 in 2012, of which 22 are life insurance firms, 14 are non-life providers and five are reinsurance companies
Health insurance is compulsory in Liechtenstein

 1 Executive Summary
2 Introduction
2.1 What is this Report About?
2.2 Definitions
2.3 Methodology
3 Liechtenstein Insurance Industry Overview
3.1 Liechtenstein Insurance Industry
3.2 Key Industry Trends and Drivers
3.3 Challenges
4 Industry Segmentation
4.1 Life Insurance
4.2 Non-Life Insurance
4.2.1 Property insurance
4.2.2 Motor insurance
4.2.3 Liability insurance
4.2.4 Marine, aviation and transit insurance
4.3 Persol Accident and Health Insurance
4.4 Reinsurance
5 Competitive Landscape
5.1 Overview
5.2 Leading Companies
5.2.1 Valorlife Life Insurance Ltd - company overview
5.2.2 Baloise Life (Liechtenstein) AG - company overview
5.2.3 Elips Life AG - company overview
6 Macroeconomic Indicators
6.1 GDP at Constant Prices (US dollars)
6.2 GDP Per Capita at Constant Prices (US dollar)
6.3 GDP at Current Prices (US dollars)
6.4 GDP Per Capita at Current Prices (US dollar)
6.5 Exports as a Percentage of GDP
6.6 Imports as a Percentage of GDP
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: Liechtenstein Insurance Overall Written Premium by Segment (CHF Billion), 2008-2012
Table 3: Liechtenstein Insurance Overall Written Premium by Segment (USD Billion), 2008-2012
Table 4: Liechtenstein Insurance Overall Written Premium by Segment (CHF Billion), 2012-2017
Table 5: Liechtenstein Insurance Overall Written Premium by Segment (USD Billion), 2012-2017
Table 6: Liechtenstein Insurance Segmentation (Percentage Share), 2008-2017
Table 7: Liechtenstein Life Insurance - Gross Written Premium (CHF Billion), 2008-2012
Table 8: Liechtenstein Life Insurance - Gross Written Premium (CHF Billion), 2012-2017
Table 9: Liechtenstein Life Insurance - Paid Claims (CHF Billion), 2008-2012
Table 10: Liechtenstein Life Insurance - Paid Claims (CHF Billion), 2012-2017
Table 11: Liechtenstein Life Insurance - Incurred Loss (CHF Billion), 2008-2012
Table 12: Liechtenstein Life Insurance - Incurred Loss (CHF Billion), 2012-2017
Table 13: Liechtenstein Life Insurance - Loss Ratio (%), 2008-2012
Table 14: Liechtenstein Life Insurance - Loss Ratio (%), 2012-2017
Table 15: Liechtenstein Life Insurance - Combined Ratio (%), 2008-2012
Table 16: Liechtenstein Life Insurance - Combined Ratio (%), 2012-2017
Table 17: Liechtenstein Life Insurance - Total Assets (CHF Billion), 2008-2012
Table 18: Liechtenstein Life Insurance - Total Assets (CHF Billion), 2012-2017
Table 19: Liechtenstein Life Insurance - Total Investment Income (CHF Billion), 2008-2012
Table 20: Liechtenstein Life Insurance - Total Investment Income (CHF Billion), 2012-2017
Table 21: Liechtenstein Life Insurance - Retentions (CHF Billion), 2008-2012
Table 22: Liechtenstein Life Insurance - Retentions (CHF Billion), 2012-2017
Table 23: Liechtenstein Non-Life Insurance - Written Premium by Category (CHF Billion), 2008-2012
Table 24: Liechtenstein Non-Life Insurance - Written Premium by Category (US$ Billion), 2008-2012
Table 25: Liechtenstein Non-Life Insurance - Written Premium by Category (CHF Billion), 2012-2017
Table 26: Liechtenstein Non-Life Insurance - Written Premium by Category (US$ Billion), 2012-2017
Table 27: Liechtenstein Non-Life Insurance - Paid Claims (CHF Billion), 2008-2012
Table 28: Liechtenstein Non-Life Insurance - Paid Claims (CHF Billion), 2012-2017
Table 29: Liechtenstein Non-Life Insurance - Incurred Loss (CHF Billion), 2008-2012
Table 30: Liechtenstein Non-Life Insurance - Incurred Loss (CHF Billion), 2012-2017
Table 31: Liechtenstein Non-Life Insurance - Loss Ratio (%), 2008-2012
Table 32: Liechtenstein Non-Life Insurance - Loss Ratio (%), 2012-2017
Table 33: Liechtenstein Non-Life Insurance - Combined Ratio (%), 2008-2012
Table 34: Liechtenstein Non-Life Insurance - Combined Ratio (%), 2012-2017
Table 35: Liechtenstein Non-Life Insurance - Total Assets (CHF Billion), 2008-2012
Table 36: Liechtenstein Non-Life Insurance - Total Assets (CHF Billion), 2012-2017
Table 37: Liechtenstein Non-Life Insurance - Total Investment Income (CHF Billion), 2008-2012
Table 38: Liechtenstein Non-Life Insurance - Total Investment Income (CHF Billion), 2012-2017
Table 39: Liechtenstein Non-Life Insurance - Retentions (CHF Billion), 2008-2012
Table 40: Liechtenstein Non-Life Insurance - Retentions (CHF Billion), 2012-2017
Table 41: Liechtenstein Property Insurance - Written Premium (CHF Billion), 2008-2012
Table 42: Liechtenstein Property Insurance - Written Premium (CHF Billion), 2012-2017
Table 43: Liechtenstein Motor Insurance - Written Premium (CHF Billion), 2008-2012
Table 44: Liechtenstein Motor Insurance - Written Premium (CHF Billion), 2012-2017
Table 45: Liechtenstein Liability Insurance - Written Premium (CHF Billion), 2008-2012
Table 46: Liechtenstein Liability Insurance - Written Premium (CHF Billion), 2012-2017
Table 47: Liechtenstein Marine, Aviation and Transit Insurance - Written Premium (CHF Billion), 2008-2012
Table 48: Liechtenstein Marine, Aviation and Transit Insurance - Written Premium (CHF Billion), 2012-2017
Table 49: Liechtenstein Persol Accident and Health Insurance - Gross Written Premium (CHF Billion), 2008-2012
Table 50: Liechtenstein Persol Accident and Health Insurance - Gross Written Premium (CHF Billion), 2012-2017
Table 51: Liechtenstein Persol Accident and Health Insurance - Paid Claim (CHF Billion), 2008-2012
Table 52: Liechtenstein Persol Accident and Health Insurance - Paid Claim (CHF Billion), 2012-2017
Table 53: Liechtenstein Persol Accident and Health Insurance - Incurred Loss (CHF Billion), 2008-2012
Table 54: Liechtenstein Persol Accident and Health Insurance - Incurred Loss (CHF Billion), 2012-2017
Table 55: Liechtenstein Persol Accident and Health Insurance - Loss Ratio (%), 2008-2012
Table 56: Liechtenstein Persol Accident and Health Insurance - Loss Ratio (%), 2012-2017
Table 57: Liechtenstein Persol Accident and Health Insurance - Combined Ratio (%), 2008-2012
Table 58: Liechtenstein Persol Accident and Health Insurance - Combined Ratio (%), 2012-2017
Table 59: Liechtenstein Persol Accident and Health Insurance - Total Assets (CHF Billion), 2008-2012
Table 60: Liechtenstein Persol Accident and Health Insurance - Total Assets (CHF Billion), 2012-2017
Table 61: Liechtenstein Persol Accident and Health Insurance - Total Investment Income (CHF Billion), 2008-2012
Table 62: Liechtenstein Persol Accident and Health Insurance - Total Investment Income (CHF Billion), 2012-2017
Table 63: Liechtenstein Persol Accident and Health Insurance - Retentions (CHF Billion), 2008-2012
Table 64: Liechtenstein Persol Accident and Health Insurance - Retentions (CHF Billion), 2012-2017
Table 65: Liechtenstein Reinsurance Ceded by Insurance Industry (CHF Billion), 2008-2012
Table 66: Liechtenstein Reinsurance Ceded by Insurance Industry (US$ Billion), 2008-2012
Table 67: Liechtenstein Reinsurance Ceded by Insurance Industry (CHF Billion), 2012-2017
Table 68: Liechtenstein Reinsurance Ceded by Insurance Industry (US$ Billion), 2012-2017
Table 69: Liechtenstein Life Insurance - Percentage of Reinsurance Ceded (%), 2008-2012
Table 70: Liechtenstein Life Insurance - Percentage of Reinsurance Ceded (%),2012-2017
Table 71: Liechtenstein Non-life Insurance - Percentage of Reinsurance Ceded (%), 2008-2012
Table 72: Liechtenstein Non-life Insurance - Percentage of Reinsurance Ceded (%), 2012-2017
Table 73: Liechtenstein Persol Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2008-2012
Table 74: Liechtenstein Persol Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2012-2017
Table 75: Valorlife Life Insurance Ltd, Main Products
Table 76: Baloise Life (Liechtenstein) AG, Main Products
Table 77: Elips Life AG, Main Products