Friday 21 February 2014

Reinsurance in Greece, Key Trends and Opportunities to 2017, New Report Launched

Reinsurance in Greece, Key Trends and Opportunities to 2017

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.

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

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.

Reasons 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 Société 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

Spanning over 69 pages, 20 Tables and 45 Figures “Reinsurance in Greece, Key Trends and Opportunities to 2017” report provide Greek Insurance Industry Attractiveness, Key Industry Trends and Drivers, Business Environment and Country Risk, Appendix.

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