The Insurance Industry in Liechtenstein, Key Trends and Opportunities to 2022
Summary
GlobalData’s 'The Insurance Industry in Liechtenstein, Key Trends and Opportunities to 2022' report provides detailed analysis of the market trends, drivers and challenges in the Liechtensteiner insurance industry.
It provides key performance indicators such as written premium and claims during the review period (2013-2017) and forecast period (2017-2022).
The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the Liechtensteiner economy and demographics, and provides detailed information on the competitive landscape in the country.
The report brings together GlobalData’s research, modeling and analysis expertise, giving insurers access to information on segment dynamics and competitive advantages, and profiles of insurers operating in the country. The report also includes details of insurance regulations, and recent changes in the regulatory structure.
Inside this report, we look at the top themes, its predictions and identify winners and losers.
The report provides in-depth market analysis, information and insights into the Liechtensteiner insurance industry, including -
- The Liechtensteiner insurance industry's growth prospects by segment and category
- A comprehensive overview of the Liechtensteiner economy and demographics
- Details of the competitive landscape in the Liechtensteiner insurance industry
- The various distribution channels in the Liechtensteiner insurance industry
- Details of regulatory policy applicable to the Liechtensteiner insurance industry
- Analysis of natural hazards in the Liechtensteiner insurance industry
- In 2017, the Liechtenstein Health Insurance Association announced an increase in compulsory health insurance premiums by an average of 0.6% in 2018.
- In 2017, the FMA managed and guided 64 insurance intermediaries, comprising 53 insurance brokers and 11 agents operating in the country.
- In 2017, 35 insurers were operating in Liechtenstein’s insurance industry, which includes 20 life insurance, 15 general insurers and three reinsurers.
- This report provides a comprehensive analysis of the insurance industry in Liechtenstein.
- It provides historical values for the Liechtensteiner insurance industry for the report’s 2013-2017 review period, and projected figures for the 2017-2022 forecast period.
- It offers a detailed analysis of the key segments in the Liechtensteiner insurance industry, with market forecasts to 2022.
- It covers an exhaustive list of parameters, including written premium and claims.
- It analyzes the various distribution channels in Liechtenstein.
- It profiles the top insurance companies in Liechtenstein, and outlines the key regulations affecting them.
- Make strategic business decisions using in-depth historic and forecast market data related to the Liechtensteiner insurance industry and each segment and category within it.
- Understand the demand-side dynamics, key market trends and growth opportunities in the Liechtensteiner insurance industry.
- Assess the competitive dynamics in the Liechtensteiner insurance industry.
- Identify the growth opportunities and market dynamics in key segments.
- Gain insights into key regulations governing the Liechtensteiner insurance industry and their impact on companies and the industry's future.
- 1 KEY FACTS AND HIGHLIGHTS
- 2 EXECUTIVE SUMMARY
- 3 ECONOMY AND DEMOGRAPHICS
- 4 INDUSTRY OUTLOOK
- 4.1 Industry Indicators
- 4.1.1 Gross written premium
- 4.1.2 Insurance density
- 5 LIFE INSURANCE OUTLOOK
- 5.1 Segment Indicators
- 5.1.1 Gross written premium
- 5.1.2 Penetration
- 6 GENERAL INSURANCE OUTLOOK
- 6.1 Segment Indicators
- 6.1.1 Gross written premium
- 6.1.2 Penetration
- 7 REINSURANCE OUTLOOK
- 7.1 Reinsurance Accepted
- 8 DISTRIBUTION CHANNEL OUTLOOK
- 9 NATURAL AND MAN-MADE HAZARDS
- 9.1 Earthquakes
- 9.2 Exposure
- 10 COMPETITIVE LANDSCAPE
- 10.1 Company Profiles
- 10.1.1 Allianz Risk Transfer AG - company overview
- 10.1.2 ElipsLife AG - company overview
- 10.1.3 Nucleus Life AG - company overview
- 10.1.4 Quantum Leben AG - company overview
- 10.1.5 Baloise Life (Liechtenstein) AG - company overview
- 11 GOVERNANCE, RISK AND COMPLIANCE
- 11.1 Legislation Overview and Historical Evolution
- 11.2 Latest Changes in Regulation
- 11.3 Legislation and Market Practice by Type of Insurance
- 11.3.1 Life insurance
- 11.3.2 Property insurance
- 11.3.3 Motor insurance
- 11.3.4 Liability insurance
- 11.3.5 Marine, aviation and transit insurance
- 11.3.6 Personal accident and health insurance
- 11.4 Compulsory Insurance
- 11.4.1 Social security system
- 11.4.2 Motor third-party liability insurance
- 11.4.3 Professional indemnity insurance for intermediaries
- 11.4.4 Buildings insurance against risks of occurrence of fire and natural disasters
- 11.4.5 Professional indemnity insurance for alternative investment fund managers
- 11.5 Supervision and Control
- 11.5.1 International Association of Insurance Supervisors
- 11.5.2 European Insurance and Occupational Pensions Authority
- 11.5.3 Financial Market Authority
- 11.6 Non-Admitted Insurance Regulations
- 11.6.1 Overview
- 11.6.2 Intermediaries
- 11.6.3 Market practices
- 11.6.4 Fines and Penalties
- 11.7 Company Registration and Operations
- 11.7.1 Type of insurance organization
- 11.7.2 Establishing a local company
- 11.7.3 Foreign ownership
- 11.7.4 Types of license
- 11.7.5 Capital requirements
- 11.7.6 Solvency margin
- 11.7.7 Reserve requirements
- 11.7.8 Investment regulations
- 11.7.9 Statutory return requirements
- 11.7.10 Fee structure
- 11.8 Taxation
- 11.8.1 Insurance premium or policy taxation
- 11.8.2 Withholding taxes on premium paid overseas
- 11.8.3 Corporate tax
- 11.8.4 VAT
- 11.8.5 Captives
- 11.9 Legal System
- 11.9.1 Introduction
- 11.9.2 Access to court
- 11.9.3 Alternative dispute resolution
- 12 DATABOOK
- 12.1 Life Insurance
- 12.1.1 Policies and premium
- 12.2 General Insurance
- 12.2.1 Policies and premium
- 13 DEFINITIONS AND METHODOLOGY
- 13.1 Definitions
- 13.2 Methodology
- 14 ABOUT GLOBALDATA
- 14.1 Contact GlobalData
- 14.2 About GlobalData
- 14.3 GlobalData’s Services
- 14.4 Disclaimer
- List of Tables
- Table 1: Liechtensteiner Insurance Industry - Key Facts, 2017
- Table 2: Liechtensteiner Insurance Industry - Leading Insurers, 2017
- Table 3: Liechtensteiner Government Credit Ratings
- Table 4: Liechtensteiner Insurance Industry - Gross Written Premium (CHF Billion and US$ Billion), 2013-2017
- Table 5: Liechtensteiner Insurance Industry - Gross Written Premium (CHF Billion and US$ Billion), 2017-2022
- Table 6: Liechtensteiner Insurance Industry - Density (CHF), 2013-2017
- Table 7: Liechtensteiner Insurance Industry - Density (CHF), 2017-2022
- Table 8: Liechtensteiner Life Insurance - Gross Written Premium (CHF Billion and US$ Billion), 2013-2017
- Table 9: Liechtensteiner Life Insurance - Gross Written Premium (CHF Billion and US$ Billion), 2017-2022
- Table 10: Liechtensteiner General Insurance - Gross Written Premium (CHF Billion and US$ Billion), 2013-2017
- Table 11: Liechtensteiner General Insurance - Gross Written Premium (CHF Billion and US$ Billion), 2017-2022
- Table 12: Liechtensteiner Reinsurance - Premium Accepted (CHF Million and US$ Million), 2013-2017
- Table 13: Liechtensteiner Reinsurance - Premium Accepted (CHF Million and US$ Million), 2017-2022
- Table 14: Liechtensteiner registered insurance intermediaries, 2013-2017
- Table 15: Allianz Risk Transfer AG - Key Facts
- Table 16: ElipsLife AG - Key Facts
- Table 17: Nucleus Life AG - Key Facts
- Table 18: Quantum Leben AG - Key Facts
- Table 19: Baloise Life (Liechtenstein) AG - Key Facts
- Table 20: Liechtenstein - Insurance Regulatory Framework Key Features
- Table 21: Liechtenstein - Life Insurance Regulatory Framework
- Table 22: Liechtenstein - Property Insurance Regulatory Framework
- Table 23: Liechtenstein - Motor Insurance Regulatory Framework
- Table 24: Liechtenstein - Liability Insurance Regulatory Framework
- Table 25: Liechtenstein - Corporate Tax Rates for the Financial Year 2018
- Table 26: Liechtensteiner Life Insurance - Policies and Premium, 2013-2017
- Table 27: Liechtensteiner Life Insurance - Policies and Premium, 2017-2022
- Table 28: Liechtensteiner General Insurance - Policies and Premium, 2013-2017
- Table 29: Liechtensteiner General Insurance - Policies and Premium, 2017-2022
- Table 30: Insurance Industry Definitions
- List of Figures
- Figure 1: Liechtensteiner Exchange Rate (CHF per US$), 2013-2022
- Figure 2: Liechtensteiner Insurance Industry - Gross Written Premium (CHF Billion), 2013-2022
- Figure 3: Liechtensteiner Insurance Industry - Density (CHF), 2013-2022
- Figure 4: Liechtensteiner Life Insurance - Gross Written Premium (CHF Billion), 2013-2022
- Figure 5: Liechtensteiner Life Insurance - Penetration (%), 2013-2017
- Figure 6: Liechtensteiner Life Insurance - Penetration (%), 2017-2022
- Figure 7: Liechtensteiner General Insurance - Gross Written Premium (CHF Billion), 2013-2022
- Figure 8: Liechtensteiner General Insurance - Penetration (%), 2013-2017
- Figure 9: Liechtensteiner General Insurance - Penetration (%), 2017-2022
- Figure 10: Liechtensteiner Reinsurance - Premium Accepted (CHF Million), 2013-2022
- Figure 11: Liechtenstein - The Three Pillars of Solvency II
- Figure 12: Liechtenstein - Insurance Supervision and Control at Various Levels
- Figure 13: Liechtenstein - Insurance Regulatory Frameworks for Company Registration and Operation
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