Personal Accident and Health Insurance in Hungary, Key Trends and Opportunities to 2018


#209540

216pages

Timetric

$ 1950

In Stock


Synopsis

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

  • The Hungarian personal accident and health insurance segments growth prospects by insurance categories 
  • Key trends and drivers for the personal accident and health insurance segment 
  • The various distribution channels in the Hungarian personal accident and health insurance segment
  • The detailed competitive landscape in the personal accident and health insurance segment in Hungary
  • Detailed regulatory policies of the Hungarian insurance industry
  • A description of the personal accident and health reinsurance segment in Hungary
  • Porter's Five Forces analysis of the personal accident and health insurance segment

Summary

In 2013, the Hungarian personal accident and health insurance segment expanded at a review-period CAGR of 7.8%. The segment is dominated by the personal accident category, which accounted for 63.8% of the segments gross written premium of that year. Travel insurance is supported by an increase in tourism within the country, as well as recovery in the business environment. Unlike the life and non-life segments, the Hungarian personal accident and health insurance segment recorded consistent growth during the review period, driven by growth in tourism and rising awareness of the benefits of private health insurance.

Scope

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

  • It provides historical values for the Hungarian personal accident and health insurance segment for the reports 20092013 review period and forecast figures for the 20132018 forecast period.
  • It offers a detailed analysis of the key sub-segments in Hungarian personal accident and health insurance segment, along with market forecasts until 2018.
  • 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 segment.
  • It provides a detailed analysis of the reinsurance segment 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 segment and each category within it
  • Understand the demand-side dynamics, key market trends and growth opportunities within the Hungarian 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 Hungarian insurance segment and its impact on companies and the market's future

Key Highlights

  • Personal accident insurance led the segment over the review period, with a 63.8% share of written premiums in 2013, posting a CAGR of 10.6%.
  • Increasing awareness of losses due to road accidents and preventive measures for injury and prohibition of drunken driving were followed by the Hungarian police force during the review period.
  • The countrys overall healthcare expenditure increased from HUF2.0 trillion (US$9.8 billion) in 2009 to HUF2.4 trillion (US$10.7 billion) in 2013, and is expected to reach HUF3.1 trillion (US$14.9 billion) in 2018.
  • Travel insurance was the fastest-growing category after personal accident insurance, with a review-period CAGR of 7.7%.
  • The Hungarian personal accident and health insurance segment continued to exhibit positive growth as awareness of the need for, and benefits of, personal accident and health products grew.