Austria Insurance Q4 2020

Austria Insurance Q4 2020

Key View:

Both the life and non-life insurance markets in Austria will continue to struggle in the short term as a result of theCovid-19 pandemic. The life insurance sector is expected to record negative growth in 2020, as lower investment income and a lackof incentives to encourage private pension acquisition weigh heavily on demand. The non-life insurance sector will fare better,largely helped by robust growth in health insurance premiums and a more positive outlook for motor insurance premiums. Weexpect the market to rebound in 2021 as economic conditions improve. Meanwhile, Austrian insurers are continuing to focus theirexpansion efforts on the Central European region, where there are significant growth opportunities due to lower levels ofpenetration.

Key View
Insurance SWOT
Industry Forecast
Life Premiums Forecast
Non-Life Premiums Forecast
Non-Life Sub-Sector Forecast
Industry Risk/Reward Index
Developed States Insurance Risk/Reward Index
Market Overview
Life Market Overview
Non-Life Market Overview
Company Profile
Vienna Insurance Group (VIG)
Insurance Methodology

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