Personal Accident and Health Insurance in Portugal, Key Trends and Opportunities to 2017


#180437

217pages

Timetric

$ 1950

In Stock


Synopsis

The report provides in depth market analysis, information and insights into the Portuguese personal accident and health insurance segment, including:

  • The Portuguese personal accident and health insurance segment’s growth prospects by insurance categories
  • Key trends and drivers for the personal accident and health insurance segment
  • The various distribution channels in the Portuguese personal accident and health insurance segment
  • Detailed competitive landscape in the personal accident and health insurance segment in Portugal
  • Detailed regulatory framework of the Portuguese insurance industry
  • A description of the personal accident and health reinsurance segment in Portugal
  • Porter's Five Forces Analysis of the personal accident and health insurance segment
  • Benchmarking section on the Portuguese personal accident and health insurance segment in comparison to other countries with gross written premium in the range of US$10 billion to US$40 billion

Executive summary

The Portuguese healthcare system is well developed and is characterized by a mix of public and private systems. The written premium of the Portuguese personal accident and health insurance segment declined from EUR1.4 billion (US$2.0 billion) in 2008 to EUR1.2 billion (US$1.5 billion) in 2012, at a compound annual growth rate (CAGR) of -3.4% during the review period (2008–2012). The troubled state of the economy, rising unemployment and a decline in disposable income has led to a decline in demand for personal accident and health insurance products. Over the forecast period (2012–2017), declining government health spending, rising healthcare costs and an aging population will act as catalysts for the growth of the personal accident and health segment.

Scope

This report provides a comprehensive analysis of the personal accident and health insurance segment in Portugal:

  • It provides historical values for the Portuguese personal accident and health 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 sub-segments in the Portuguese personal accident and health 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 personal accident and health insurance products in Portugal
  • Using Porter’s industry-standard “Five Forces” analysis, it details the competitive landscape in Portugal for the personal accident and health insurance segment
  • It provides a detailed analysis of the reinsurance segment in Portugal and its growth prospects
  • It profiles the top personal accident and health insurance companies in Portugal 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 Portuguese personal accident and health insurance segment and each category within it
  • Understand the demand-side dynamics, key market trends and growth opportunities within the Portuguese personal accident and health insurance segment
  • Assess the competitive dynamics in the personal accident and health 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 Portuguese insurance segment and its impact on companies and the market's future

Key highlights

  • According to the Portuguese Health Regulatory Authority, around 30% of total healthcare expenditure is from the private sector, and mainly consists of out-of-pocket payments such as co-payments and direct payments by the patient
  • The ongoing government austerity measures and decline in disposable income have led to a decline in demand for personal accident and health insurance products
  • The segment registered a review-period CAGR of -3.4%, with gross written premiums declining from EUR1.4 billion (US$2.0 billion) in 2008 to EUR1.2 billion (US$1.5 billion) in 2012
  • Agencies recorded the largest share of total commission with 61.0% at the end of 2012
  • The Portuguese personal accident and health insurance segment is highly concentrated, with the 10-leading companies accounting for 83.9% of the total segment’s written premiums in 2012.