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


#181995

209pages

Timetric

$ 1950

In Stock


Synopsis

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

  • The Italian 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 Italian personal accident and health insurance segment
  • A detailed overview of the competitive landscape in the personal accident and health insurance segment in Italy
  • A detailed overview of the regulatory framework of the Italian insurance industry
  • A description of the personal accident and health reinsurance segment in Italy
  • Porter's Five Forces Analysis of the personal accident and health insurance segment
  • Benchmarking section on the Italian personal accident and health insurance segment in comparison to other countries with overall gross written premium in excess of US$150 billion

Executive summary

High unemployment levels and a 2.2% decline in GDP in 2012 curbed consumer purchasing power in Italy during the review period, limiting growth in the personal accident and health insurance segment. The country’s healthcare system is well-developed and comprises both public and private services. Over the forecast period, a decline in government expenditure on healthcare due to austerity measures, rising healthcare costs and a gradually aging population are expected to drive growth in the segment. The segment’s written premium is expected to rise from EUR5.6 billion (US$7.2 billion) in 2012 to EUR6.1 billion (US$7.8 billion) in 2017.

Scope

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

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

Key highlights

  • The Italian healthcare system is well-developed and comprises both public and private services
  • The Italian National Health Service (INHS) was decentralized in 1997, providing each region across the country with control over health expenditure
  • The majority of out-of-pocket spending by Italian citizens was on medicine and dental care. According to CENSIS, the country’s centre for social study, out-of pocket costs rose by 160% between 2005 and 2011, leading to an increase in demand for private health insurance
  • The personal accident category was the largest in the personal accident and health segment in 2012, accounting for 52.9% of written premiums
  • Agencies’ wide-ranging networks facilitate the promotion and management of policy sales