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


#184608

238pages

Timetric

$ 1950

In Stock


Synopsis

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

  • The Spanish 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 Spanish personal accident and health insurance segment
  • The detailed competitive landscape in the personal accident and health insurance segment in Spain
  • Regulatory policies of the Spanish insurance industry
  • A description of the personal accident and health reinsurance segment in Spain
  • Porter's Five Forces Analysis of the personal accident and health insurance segment
  • A benchmarking section on the Spanish life insurance segment in comparison with other countries with US$60–US$150 billion in gross written premium

Executive summary

The Spanish personal accident and health insurance segment accounted for 14.3% of the insurance industry’s written premiums in 2012, the lowest share of all the segments. During the review period (2008–2012), increasing demand for healthcare services and rising levels of healthcare expenditure supported the growth of private health insurance products. The presence of a strong, government-backed national health service (NHS) makes the private health insurance category highly competitive and price wars are frequent. Over the forecast period (2012–2017), the growth of the personal accident and health insurance segment is expected to be driven by the health insurance category, which accounted for the largest segment share of 83.0% in 2012.
The value of the segment is expected to increase from EUR8.0 billion (US$10.3 billion) in 2012 to EUR9.7 billion (US$12.4 billion) in 2017, at a forecast-period CAGR of 3.9%.

Scope

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

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

Key highlights

  • The presence of efficient, free and compulsory public health insurance has left little scope for Spanish private health insurance.
  • As the Spanish government plans to reduce healthcare spending in the country, people are expected to move towards private healthcare services.
  • The rise in Spain’s aging population is expected to change the country’s demographic structure over the forecast period.
  • Most accident insurance policies are taken out by employers, and due to the economic crisis and increasing unemployment in the country, the personal accident category registered a decline in written premiums.
  • Travel insurance was the fastest-growing category in terms of written premium, recording a review-period CAGR of 10.6%.