Reinsurance in Finland, Key Trends and Opportunities to 2018


#242144

79pages

Timetric

$ 1950

In Stock

Synopsis

The report provides in-depth market analysis, information and insights into the Finnish reinsurance segment, including:

  • The Finnish reinsurance segment's growth prospects by reinsurance category
  • Key drivers for the reinsurance segment
  • Finnish reinsurance segment’s growth prospects by reinsurance ceded from direct insurance
  • The competitive landscape in the Finnish reinsurance segment

Executive summary


The Finnish reinsurance segment grew in terms of premium accepted grew at a review period (2009–2013) compound annual growth rate (CAGR) of 1.4%. The increase was partially supported by robust growth in the insurance industry, in the non-life and personal accident segments. It was also supported by rising public awareness of the benefits of insurance; these factors are also expected to support the segment over the forecast period (2013–2018). The segment is projected to increase at a CAGR of 5.3% over the forecast period.

Scope

This report provides a comprehensive analysis of the reinsurance segment in Finland:

  • It provides historical values for Finland’s reinsurance segment for the report’s 2009–2013 review period, and projected figures for the 2013–2018 forecast period.
  • It offers a detailed analysis of the key categories in Finland’s reinsurance segment, along with market forecasts until 2018.
  • It provides a detailed analysis of the reinsurance ceded from various direct insurance segments in Finnishd its growth prospects.

Reasons to buy

  • Make strategic business decisions using in-depth historic and forecast market data related to the Finnish reinsurance segment and each sector within it
  • Understand the demand-side dynamics, key market trends and growth opportunities in the Finnish reinsurance segment
  • Identify the growth opportunities and market dynamics in key product categories
  • Gain insights into key regulations governing the Finnish insurance industry, and their impact on companies and the industry's future

Key highlights

  • The Finnish reinsurance segment grew in terms of premium accepted grew at a compound annual growth rate (CAGR) of 1.4%.
  • Non-life insurers ceded the highest percentage of premium to reinsurers, with 5.2% in 2013.
  • The premium ceded by the personal accident and health segment grew at a review-period CAGR of 7.1%.
  • Reinsurers in Finland are not subject to as many regulations as primary insurers, nor are they regulated by the Insurance Contracts Act.
Table of Contents

1 Key Facts and Events

2 Executive Summary

3 Introduction
3.1 What is this Report About?
3.2 Definitions
3.3 Methodology

4 Finnish Insurance Industry Attractiveness
4.1 Insurance Industry Size, 2009–2018

5 Reinsurance Growth Dynamics and Challenges
5.1 Reinsurance Segment Size, 2009–2018
5.2 Reinsurance Segment Size by Premium Ceded, 2009–2018

6 Key Industry Drivers
6.1 Fundamental Business Drivers
6.2 Life Insurance Drivers
6.3 Non-Life Insurance Drivers
6.4 Personal Accident and Health Insurance Drivers

7 Competitive Landscape and Strategic Insights
7.1 Overview
7.2 Leading Companies in the Finnish Reinsurance Segment
7.3 LocalTapiola General Mutual Insurance Company – Company Overview
7.3.1 LocalTapiola General Mutual Insurance Company – key facts
7.4 Pohjola Insurance Ltd – Company Overview
7.4.1 Pohjola Insurance Ltd – key facts
7.5 If P&C Insurance Company Ltd – Company Overview
7.5.1 If P&C Insurance Company Ltd – key facts
7.6 Redarnas Ömsesidiga Försäkringsbolag – Company Overview
7.6.1 Redarnas Ömsesidiga Försäkringsbolag – key facts
7.7 Mandatum Life Insurance Company Ltd – Company Overview
7.7.1 Mandatum Life Insurance Company Ltd – key facts
7.8 Retro Life Assurance Company Ltd – Company Overview
7.8.1 Retro Life Assurance Company Ltd – key facts
7.9 Fennia Mutual Insurance Company – Company Overview
7.9.1 Fennia Mutual Insurance Company – key facts

8 Appendix – 1
8.1 Business Confidence
8.1.1 Market capitalization trend – Helsinki Stock Exchange (HSE), Finland
8.2 Economic Performance
8.2.1 GDP at constant prices (US$)
8.2.2 GDP per capita at constant prices (US$)
8.2.3 GDP at current prices (US$)
8.2.4 GDP per capita at current prices (US$)
8.2.5 GDP by key sector
8.2.6 Agriculture, hunting, forestry and fishing net output at current prices (US$)
8.2.7 Agriculture, hunting, forestry and fishing net output at current prices as a percentage of GDP
8.2.8 Manufacturing net output at current prices (US$)
8.2.9 Manufacturing net output at current prices as a percentage of GDP
8.2.10 Mining, manufacturing and utilities at current prices (US$)
8.2.11 Mining, manufacturing and utilities at current prices as percentage of GDP
8.2.12 Construction net output at current prices (US$)
8.2.13 Construction net output at current prices as a percentage of GDP
8.2.14 Inflation rate
8.2.15 Exports as a percentage of GDP
8.2.16 Imports as a percentage of GDP
8.2.17 Merchandise exports growth
8.2.18 Merchandise imports growth
8.2.19 Annual average exchange rate US$-EUR
8.3 Infrastructure
8.3.1 Commercial vehicle exports – total value
8.3.2 Commercial vehicle imports – total value
8.3.3 Automotive exports – total value
8.3.4 Automotive imports – total value
8.3.5 Total internet subscribers
8.4 Labor Force
8.4.1 Labor force
8.4.2 Unemployment rate
8.5 Demographics
8.5.1 Household consumption expenditure (US$)
8.5.2 Total population
8.5.3 Urban and rural populations
8.5.4 Age distribution of the total population
8.5.5 Life expectancy

9 Appendix – 2
9.1 Methodology
9.2 Contact Timetric
9.3 About Timetric
9.4 Timetric’s Services
9.5 Disclaimer
Table 1: Finnish Reinsurance – Key Facts, 2013
Table 2: Insurance Industry Definitions
Table 3: Finnish Insurance – Gross Written Premium by Segment (EUR Billion), 2009–2013
Table 4: Finnish Insurance – Gross Written Premium by Segment (US$ Billion), 2009–2013
Table 5: Finnish Insurance – Gross Written Premium by Segment (EUR Billion), 2013–2018
Table 6: Finnish Insurance – Gross Written Premium by Segment (US$ Billion), 2013–2018
Table 7: Finnish Insurance – Segmentation, Gross Written Premium (% Share), 2009–2018
Table 8: Finnish Insurance – Direct Written Premium by Segment (EUR Billion), 2009–2013
Table 9: Finnish Insurance – Direct Written Premium by Segment (US$ Billion), 2009–2013
Table 10: Finnish Insurance – Direct Written Premium by Segment (EUR Billion), 2013–2018
Table 11: Finnish Insurance – Direct Written Premium by Segment (US$ Billion), 2013–2018
Table 12: Finnish Insurance – Segmentation, Direct Written Premium (% Share), 2009–2018
Table 13: Finnish Reinsurance – Premium Accepted (EUR Million), 2009–2013
Table 14: Finnish Reinsurance – Premium Accepted (EUR Million), 2013–2018
Table 15: Finnish Reinsurance – Premium Ceded by Type of Insurance (EUR Million), 2009–2013
Table 16: Finnish Reinsurance – Premium Ceded by Type of Insurance (US$ Million), 2009–2013
Table 17: Finnish Reinsurance – Premium Ceded by Type of Insurance (EUR Million), 2013–2018
Table 18: Finnish Reinsurance – Premium Ceded by Type of Insurance (US$ Million), 2013–2018
Table 19: Finnish Life Insurance – Percentage of Reinsurance Ceded (%), 2009–2013
Table 20: Finnish Life Insurance – Percentage of Reinsurance Ceded (%), 2013–2018
Table 21: Finnish Non-Life Insurance – Percentage of Reinsurance Ceded, 2009–2013
Table 22: Finnish Non-Life Insurance – Percentage of Reinsurance Ceded, 2013–2018
Table 23: Finnish Personal Accident and Health Insurance – Percentage of Reinsurance Ceded (%), 2009–2013
Table 24: Finnish Personal Accident and Health Insurance – Percentage of Reinsurance Ceded (%), 2013–2018
Table 25: Finnish Reinsurance Companies, 2013
Table 26: LocalTapiola General Mutual Insurance Company, Key Facts
Table 27: Pohjola Insurance Ltd, Key Facts
Table 28: If P&C Insurance Company Ltd, Key Facts
Table 29: Redarnas Ömsesidiga Försäkringsbolag, Key Facts
Table 30: Mandatum Life Insurance Company Ltd, Key Facts
Table 31: Retro Life Assurance Company Ltd, Key Facts
Table 32: Fennia Mutual Insurance Company, Key Facts
Figure 1: Finnish Insurance – Gross Written Premium by Segment (EUR Billion), 2009–2018
Figure 2: Finnish Insurance – Dynamics by Segment, Gross Written Premium (2009–2018)
Figure 3: Finnish Insurance – Direct Written Premium by Segment (EUR Billion), 2009–2018
Figure 4: Finnish Insurance – Dynamics by Segment, Direct Written premium (2009–2018)
Figure 5: Finnish Reinsurance – Premium Accepted (EUR Million), 2009–2013
Figure 6: Finnish Reinsurance – Premium Accepted (EUR Million), 2013–2018
Figure 7: Finnish Reinsurance – Premium Ceded by Type of Insurance (EUR Million), 2009–2018
Figure 8: Finnish Reinsurance – Premium Ceded Dynamics by Type of Insurance, 2009–2018
Figure 9: Finnish Life Insurance – Percentage of Reinsurance Ceded (%), 2009–2013
Figure 10: Finnish Life Insurance – Percentage of Reinsurance Ceded (%), 2013–2018
Figure 11: Finnish Non-Life Insurance – Percentage of Reinsurance Ceded, 2009–2013
Figure 12: Finnish Non-Life Insurance – Percentage of Reinsurance Ceded, 2013–2018
Figure 13: Finnish Personal Accident and Health Insurance – Percentage of Reinsurance Ceded (%), 2009–2013
Figure 14: Finnish Personal Accident and Health Insurance – Percentage of Reinsurance Ceded (%), 2013–2018
Figure 15: Finland, Helsinki Stock Exchange (HSE) Market Capitalization (US$ Billion), 2008–2012
Figure 16: Finnish GDP at Constant Prices (US$ Billion), 2009–2013
Figure 17: Finnish GDP Per Capita at Constant Prices (US$), 2009–2013
Figure 18: Finnish GDP at Current Prices (US$ Billion), 2009–2013
Figure 19: Finnish GDP Per Capita at Current Prices (US$), 2009–2013
Figure 20: Finnish GDP by Key Sector (%) 2008 and 2012
Figure 21: Finnish Agriculture, Hunting, Forestry and Fishing Net Output at Current Prices (US$ Billion), 2008–2012
Figure 22: Finnish Agriculture, Hunting, Forestry and Fishing Net Output at Current Prices as a Percentage of GDP (%), 2008–2012
Figure 23: Finnish Manufacturing Net Output at Current Prices (US$ Billion), 2008–2012
Figure 24: Finnish Manufacturing Net Output at Current Prices as a Percentage of GDP (%), 2008–2012
Figure 25: Finnish Mining, Manufacturing and Utilities Net Output at Current Prices (US$ Billion), 2008–2012
Figure 26: Finnish Mining, Manufacturing and Utilities Net Output at Current Prices as a Percentage of GDP (%), 2008–2012
Figure 27: Finnish Construction Net Output at Current Prices (US$ Billion), 2008 – 2012
Figure 28: Finnish Construction Output at Current Prices as a Percentage of GDP (%), 2008–2012
Figure 29: Finnish Inflation Rate (%), 2009–2013
Figure 30: Finnish Exports as a Percentage of GDP (%), 2008–2012
Figure 31: Finnish Imports as a Percentage of GDP (%), 2008–2012
Figure 32: Finnish Merchandise Exports Growth (%), 2009–2012
Figure 33: Finnish Merchandise Imports Growth (%), 2009–2012
Figure 34: Finnish Annual Average Exchange Rate US$–EUR, 2009–2013
Figure 35: Finnish Commercial Vehicle Exports – Total Value (US$ Million), 2009–2013
Figure 36: Finnish Commercial Vehicle Imports – Total Value (US$ Million), 2009–2013
Figure 37: Finnish Automotive Exports – Total Value (US$ Million), 2009–2013
Figure 38: Finnish Automotive Imports – Total Value (US$ Billion), 2009–2013
Figure 39: Finnish Internet Subscriptions (Million), 2009–2013
Figure 40: Finnish Size of Labor Force (Million), 2008–2012
Figure 41: Finnish Unemployment Rate (%), 2009–2013
Figure 42: Finnish Household Consumption Expenditure (US$ Billion), 2009–2013
Figure 43: Finnish Total Population (Million), 2009–2013
Figure 44: Finnish Urban and Rural Populations (%), 2009–2013
Figure 45: Finnish Population Distribution by Age (%), 2009–2013
Figure 46: Finnish Life Expectancy (Number of Years), 2009–2013