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


#245475

216pages

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 category
  • Key trends, drivers and challenges for the personal accident and health insurance segment
  • The various distribution channels in the Portuguese personal accident and health insurance segment
  • The detailed competitive landscape in the personal accident and health insurance segment in Portugal
  • Detailed regulatory policies of the Portuguese insurance industry
  • Analysis of various consumer segments in Portuguese personal accident and health insurance
  • Key developments in the Portuguese personal accident and health insurance segment
  • New products launched by Portuguese personal accident and health insurers
Executive summary

  • Personal accident and health insurance was the smallest segment in 2013. Health insurance was the dominant category during the review period (2009–2013), followed by personal accident and travel insurance. The sales of health and travel policies increased during the review period, while personal accident sales declined. In order to decrease the financial deficit, the government implemented certain austerity measures to reduce public spending, due to which public healthcare spending was also reduced. This increased the demand for private health insurers to have health cover. 
  • The health insurance category registered a compounded annual growth rate (CAGR) of 3.5% during the review period. Increases in disposable income and the benefits of private health insurers are expected to increase demand over the forecast period (2013–2018). The gross written premium of the health insurance category is expected to increase at a forecast-period CAGR of 2.3%. Travel insurance was the fastest-growing category during the review period, with a CAGR of 11.7%, primarily due to the increasing number of thefts targeting travelers’ luggage. This category is expected to register a CAGR of 6.9% over the forecast period.

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 2009–2013 review period, and projected figures for the 2013–2018 forecast period.
  • It offers a detailed analysis of the key categories in the Portuguese 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 Portugal.
  • 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 Portuguese personal accident and health insurance segment and each category within it.
  • Understand the demand-side dynamics, key market trends and growth opportunities in the Portuguese personal accident and health insurance segment.
  • Assess the competitive dynamics in the personal accident and health insurance segment.
  • Identify the growth opportunities and market dynamics in key product categories.
  • Gain insights into key regulations governing the Portuguese insurance industry and their impact on companies and the industry's future.
Key highlights

  • Personal accident and health insurance was the smallest segment in 2013. Health insurance was the dominant category during the review period (2009–2013), followed by personal accident and travel insurance.
  • The sales of health and travel policies increased during the review period, while personal accident sales declined.
  • The Portuguese government implemented various austerity measures to control the budget deficit arising due to the recession, leading to a cut in public health expenditure.
  • This encouraged people to take out private health insurance to maintain coverage, which propelled the growth of private health insurers.
  • The demand for personal accident insurance declined during the review period, due to the overall decreasing number of accidents.
  • The increasing demand for travel insurance is due to the increasing number of crimes targeting tourists.