Tuesday 11 February 2014

Non-Life Insurance in Sweden, Key Trends and Opportunities to 2017, New Report Launched

Non-Life Insurance in Sweden, Key Trends and Opportunities to 2017

The Swedish non-life insurance segment is mature; it recorded a CAGR of 1.9% during the review period . The economy’s robustness will be reflected over the forecast period (2012–2017), with the country’s non-life insurance segment is expected to increase at a CAGR of 3.8%. The five-leading non-life insurers accounted for 83% of the premium income in 2012, meaning that the Swedish non-life segment is highly concentrated. Agencies accounted for 39.1% of the new business gross written premium in 2012. Agencies are preferred by the small and medium enterprises (SMEs) in Sweden. There will be increasing consolidation among non-life insurers as there are more than 300 insurers operating in the segment. This consolidation will also be driven by the implementation of Solvency, as and when it happens, due to its emphasis on robust governance and risk management practices.

The report provides in depth market analysis, information and insights into the Swedish non-life insurance segment, including:
  • The Swedish non-life insurance segment’s growth prospects by non-life insurance categories
  • Key trends and drivers for the non-life insurance segment
  • The various distribution channels in the Swedish non-life insurance segment
  • The detailed competitive landscape in the non-life insurance segment in Sweden
  • Detailed regulatory framework of the Swedish insurance industry
  • A description of the non-life reinsurance segment in Sweden
  • Porter's Five Forces analysis of the non-life insurance segment
  • A benchmarking section on the Swedish life insurance segment in comparison with other countries in the Nordic Region

Scope
This report provides a comprehensive analysis of the non-life insurance segment in Sweden:
  • It provides historical values for Sweden’s non-life insurance 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 categories in Sweden’s non-life insurance segment, along with market forecasts until 2017.
  • It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, frauds and crimes, total assets, total investment income and retentions.
  • It analyses the various distribution channels for non-life insurance products in Sweden.
  • Using Porter’s industry-standard “Five Forces” analysis, it details the competitive landscape in Sweden for the non-life insurance segment.
  • It provides a detailed analysis of the reinsurance segment in Sweden and its growth prospects.
  • It profiles the top non-life insurance companies in Sweden and outlines the key regulations affecting them.


Reasons To Buy
  • Make strategic business decisions using in depth historic and forecast market data related to the Swedish non-life insurance segment and each category within it
  • Understand the demand-side dynamics, key market trends and growth opportunities within the Swedish non-life insurance segment
  • Assess the competitive dynamics in the non-life insurance segment, along with the reinsurance segment
  • Identify the growth opportunities and market dynamics within key product categories
  • Gain insights into key regulations governing the Swedish insurance industry and its impact on companies and the market's future

Key Highlights
  • The non-life segment is the second largest in the country’s insurance industry, accounting for 21% of the gross written premium in 2012
  • The non-life segment is highly concentrated with the five-leading companies accounting for 83% of the premium income in 2012
  • An increase in construction activity will drive demand for property insurance over the forecast period
  • The non-life segment is highly consolidated and dominated by domestic insurers
  • Agencies accounted for 39.1% of the total commission paid to the distribution channels in 2012

Spanning over 277 pages, 168 Tables and 197 Figures “Non-Life Insurance in Sweden, Key Trends and Opportunities to 2017” report provide Nordic Region Market Dynamics, Non-Life Insurance Segment – Regional Benchmarking, Swedish Insurance Industry Attractiveness, Non-Life Insurance Outlook, Analysis by Distribution Channels, Porter’s Five Forces Analysis – Swedish Non-Life Insurance Market,Reinsurance Growth Dynamics and Challenges, Governance, Risk and Compliance, Competitive Landscape and Strategic Insights, Business Environment and Country Risk,Appendix And The Report Cover 10 Companies - Länsförsäkringar, If Skadeförsäkring, Folksam, Trygg-Hansa, Moderna, Dina-gruppen, Zurich Insurance, Landstingen, Gjensidige, Solid Försäkringar.


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