Personal Accident and Health Insurance in Hungary, Key Trends and Opportunities to 2016


#114731

174pages

Timetric

$ 1950

In Stock


Synopsis

The report provides detailed market analysis, information and insights into the Hungarian personal accident and health insurance market, including:

  • The Hungarian personal accident and health insurance markets growth prospects by personal accident and health insurance categories
  • The various distribution channels in Hungarian personal accident and health insurance market
  • The competitive landscape in the personal accident and health insurance market in Hungary
  • A description of the personal accident and health reinsurance market in Hungary

Summary

Despite the global financial crisis, the Hungarian personal accident and health insurance segment continued to record growth during the review period (20072011). Changing lifestyle patterns and the increased profile of certain diseases has significantly impacted Hungarian healthcare expenditure. Consequently, a rising number of consumers have voluntarily chosen to purchase private health insurance policies on top of the insurance provided by employers and the government. Over the forecast period the segments growth will be supported by the increased participation of private health insurers in the wake of rising healthcare expenditure and government support through tax exemption for personal accident and health insurance products.

Scope

This report provides a comprehensive analysis of the personal accident and health insurance market in Hungary:

  • It provides historical values for the Hungarian personal accident and health insurance market for the review period (20072011) and forecast figures for the 20122016 forecast period
  • It offers a detailed analysis of the key sub-segments in the Hungarian personal accident and health insurance market, along with market forecasts until 2016
  • 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 personal accident and health insurance products in Hungary 
  • Using Porters industry-standard Five Forces analysis, it details the competitive landscape in Hungary for the personal accident and health insurance business
  • It provides a detailed analysis of the reinsurance market in Hungary and its growth prospects
  • It profiles the top personal accident and health insurance companies in Hungary 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 Hungarian personal accident and health insurance market and each sector within it
  • Understand the demand-side dynamics, key market trends and growth opportunities within the Hungarian personal accident and health insurance market
  • Assess the competitive dynamics in the personal accident and health insurance market, along with the reinsurance segment
  • Identify the growth opportunities and market dynamics within key product categories
  • Gain insights into key regulations governing the Hungarian insurance market and its impact on companies and the market's future

Key Highlights

  • Changing lifestyle patterns and the increased profile of certain diseases has significantly impacted Hungarian healthcare expenditure. 
  • The main reason behind Hungarys rising healthcare expenditure can be attributed to the fact that consumers are inclined to consider private healthcare in order to receive a better quality of service. 
  • The Hungarian personal accident and health insurance segment is highly consolidated and dominated by foreign insurers during the review period. In order to remain competitive in the market, major insurers are offering products and services at a lower price.
  • The key companies in the Hungarian personal accident and health insurance segment include Generali Providencia Insurance, Groupama Garancia Insurance, AEGON Magyarorszag Altalanos Biztosito Zrt, UNIQA Insurance and Union Biztosito.