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Non-Life Insurance in Austria, Key Trends and Opportunities to 2020

Non-Life Insurance in Austria, Key Trends and Opportunities to 2020

Synopsis

Timetric’s 'Non-Life Insurance in Austria, Key Trends and Opportunities to 2020' report provides a detailed outlook by product category for the Austria non-life insurance segment, and a comparison of the Austrian insurance industry with its regional counterparts.

It provides values for key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets, total investment income and retentions during the review (2011–2015) and forecast periods (2015–2020).

The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the Austrian economy and demographics, explains the various types of natural hazard and their impact on the Austrian insurance industry, and provides detailed information on the competitive landscape in the country.

The report brings together Timetric’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.

Summary

Timetric’s 'Non-Life Insurance in Austria, Key Trends and Opportunities to 2020' report provides in-depth market analysis, information and insights into the Austrian non-life insurance segment, including:

  • The segment’s detailed outlook by product category
  • A comprehensive overview of the Austrian economy and demographics
  • A comparison of the Austrian insurance industry with its regional counterparts
  • The various distribution channels in the segment
  • Detailed analysis of natural hazards and their impact on the Austrian insurance industry
  • Details of the competitive landscape in the segment
  • Details of regulatory policy applicable to the Austrian insurance industry
Scope

This report provides a comprehensive analysis of the non-life insurance segment in Austria:
  • It provides historical values for the segment for the report’s 2011–2015 review period, and projected figures for the 2015–2020 forecast period.
  • It offers a detailed analysis of the key categories in the segment, and market forecasts to 2020.
  • It profiles the top non-life insurance companies in Austria, 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 Austrian non-life insurance segment and each category within it.
  • Understand the demand-side dynamics, key market trends and growth opportunities in the segment.
  • Assess the competitive dynamics in the segment.
  • Identify growth opportunities and market dynamics in key product categories.
  • Gain insights into key regulations governing the Austrian insurance industry, and their impact on companies and the industry's future.
Key Highlights
  • On February 7, 2017, EIOPA published a Draft Implementing Technical Standards (ITS) on Insurance Product Information Document (IPID) to support the technical advice on possible delegated acts concerning the Insurance Distribution Directive published on February 1, 2017.
  • On February 16, 2017, the EIOPA published a Decision EIOPA–BoS–17/014, regarding the collaboration of the insurance regulatory authorities from all the EU member states in accordance with the requirements stipulated in the Solvency II directive.
  • The new Solvency II standard for insurers came into force in Austria and other European countries in January 2016.
  • In September 2015, Generali Group signed an agreement with Obi World Phones, following which the Generali mobile app will be embedded in the home screen of Obi smartphones.


  • Key Facts and Highlights
    • Table Austrian Non-Life Insurance - Key Facts, 2015
    • Table Austrian Non-Life Insurance - Segment Shares of the Top Insurers, 2015
  • Executive Summary
  • Economy and Demographics
    • Table Austrian Government Credit Ratings
  • Segment Outlook
    • Segment Indicators
      • Gross written premium
        • Table Austrian Non-Life Insurance - Gross Written Premium (EUR Billion and US$ Billion), 2011-2015
        • Table Austrian Non-Life Insurance - Gross Written Premium (EUR Billion and US$ Billion), 2015-2020
      • Policies sold
        • Table Austrian Non-Life Insurance - Number of Policies Sold (Million), 2011-2015
        • Table Austrian Non-Life Insurance - Number of Policies Sold (Million), 2015-2020
      • Claims
        • Table Austrian Non-Life Insurance - Paid Claims (EUR Billion and US$ Billion), 2011-2015
        • Table Austrian Non-Life Insurance - Paid Claims (EUR Billion and US$ Billion), 2015-2020
      • Profitability
        • Table Austrian Non-Life Insurance - Profitability Ratio (%), 2011-2015
        • Table Austrian Non-Life Insurance - Profitability Ratio (%), 2015-2020
      • Assets and investments
        • Table Austrian Non-Life Insurance - Total Assets (EUR Billion and US$ Billion), 2011-2015
        • Table Austrian Non-Life Insurance - Total Assets (EUR Billion and US$ Billion), 2015-2020
        • Table Austrian Non-Life Insurance - Total Investment Income (EUR Million and US$ Million), 2011-2015
        • Table Austrian Non-Life Insurance - Total Investment Income (EUR Million and US$ Million), 2015-2020
        • Table Austrian Non-Life Insurance - Investment Portfolio (EUR Billion), 2011-2015
        • Table Austrian Non-Life Insurance - Investment Portfolio (EUR Billion), 2015-2020
  • Outlook by Category
    • Table Austrian Non-Life Insurance - Gross Written Premium by Category (EUR Billion), 2011-2015
    • Table Austrian Non-Life Insurance - Gross Written Premium by Category (EUR Billion), 2015-2020
    • Property Insurance
      • Product overview
      • Premium
        • Table Austrian Property Insurance - Gross written premium by Sub-Category (EUR Billion), 2015-2020
        • Table Austrian Property Insurance - Gross written premium by Sub-Category (EUR Billion), 2015-2020
      • Policies sold
        • Table Austrian Property Insurance - Number of Policies Sold by Sub-Category (Million), 2011-2015
        • Table Austrian Property Insurance - Number of Policies Sold by Sub-Category (Million), 2015-2020
      • Claims
        • Table Austrian Property Insurance - Paid Claims (EUR Billion and US$ Billion), 2011-2015
        • Table Austrian Property Insurance - Paid Claims (EUR Billion and US$ Billion), 2015-2020
      • Profitability
        • Table Austrian Property Insurance - Loss Ratio (%), 2011-2015
        • Table Austrian Property Insurance - Loss Ratio (%), 2015-2020
    • Motor Insurance
      • Product overview
      • Premium
        • Table Austrian Motor Insurance - Gross Written Premium by Sub-Category (EUR Billion), 2011-2015
        • Table Austrian Motor Insurance - Gross written premium by Sub-Category (EUR Billion), 2015-2020
      • Policies sold
        • Table Austrian Motor Insurance - Number of Policies Sold by Sub-Category (Thousand), 2011-2015
        • Table Austrian Motor Insurance - Number of Policies Sold by Sub-Category (Thousand), 2015-2020
      • Claims
        • Table Austrian Motor Insurance - Paid Claims (EUR Billion and US$ Billion), 2011-2015
        • Table Austrian Motor Insurance - Paid Claims (EUR Billion and US$ Billion), 2015-2020
      • Profitability
        • Table Austrian Motor Insurance - Loss Ratio (%), 2011-2015
        • Table Austrian Motor Insurance - Loss Ratio (%), 2015-2020
    • Liability Insurance
      • Product overview
      • Premium
        • Table Austrian Liability Insurance - Gross Written Premium by Sub-Category (EUR Billion), 2011-2015
        • Table Austrian Liability Insurance - Gross Written Premium by Sub-Category (EUR Billion), 2015-2020
      • Policies sold
        • Table Austrian Liability Insurance - Number of Policies Sold (Million), 2011-2015
        • Table Austrian Liability Insurance - Number of Policies Sold (Million), 2015-2020
      • Claims
        • Table Austrian Liability Insurance - Paid Claims (EUR Million and US$ Million), 2011-2015
        • Table Austrian Liability Insurance - Paid Claims (EUR Million and US$ Million), 2015-2020
      • Profitability
        • Table Austrian Liability Insurance - Loss Ratio (%), 2011-2015
        • Table Austrian Liability Insurance - Loss Ratio (%), 2015-2020
    • Marine, Aviation and Transit Insurance
      • Product overview
        • Table Austrian Transport Network - Global Rankings
      • Premium
        • Table Austrian Marine, Aviation and Transit Insurance - Gross Written Premium by Sub- Category (EUR Million), 2011-2015
        • Table Austrian Marine, Aviation and Transit Insurance - Gross Written Premium by Sub- Category (EUR Million), 2015-2020
      • Policies sold
        • Table Austrian Marine, Aviation and Transit Insurance - Number of Policies Sold (Thousand), 2011-2015
        • Table Austrian Marine, Aviation and Transit Insurance - Number of Policies Sold (Thousand), 2015-2020
      • Claims
        • Table Austrian Marine, Aviation and Transit Insurance - Paid Claims (EUR Million and US$ Million), 2011-2015
        • Table Austrian Marine, Aviation and Transit Insurance - Paid Claims (EUR Million and US$ Million), 2015-2020
      • Profitability
        • Table Austrian Marine, Aviation and Transit Insurance - Loss Ratio (%), 2011-2015
        • Table Austrian Marine, Aviation and Transit Insurance - Loss Ratio (%), 2015-2020
  • Distribution Channel Outlook
    • Analysis by Distribution Channel
      • Brokers
      • Agencies
      • Direct marketing
      • Bancassurance
      • E-commerce
  • Natural and Man-Made Hazards
    • Flooding
    • Storms
    • Exposure
  • Competitive Landscape
    • Table Austrian Non-Life Segment - Market Shares of Leading Insurers (%), 2015
    • Company Profiles
      • Generali Versicherung AG - company overview
        • Table Generali Versicherung AG - Key Facts
        • Table Generali Versicherung AG - Key Financials (EUR Million), 2011-2015
      • Uniqa Österreich Versicherungen AG - company overview
        • Table Uniqa Österreich Versicherungen AG - Key Facts
        • Table Uniqa Österreich Versicherungen AG - Key Financials (EUR Million), 2011-2015
      • Wiener Städtische Versicherung AG Vienna Insurance Group - company overview
        • Table Wiener Städtische Versicherung AG - Key Facts
        • Table Wiener Städtische Versicherung AG - Key Financials (EUR Million), 2011-2015
      • Allianz Elementar Versicherungs AG - company overview
        • Table Allianz Elementar Versicherungs AG - Key Facts
        • Table Allianz Elementar Versicherungs AG - Key Financials (EUR Million), 2011-2015
      • VIG Vienna Insurance Group AG - company overview
        • Table VIG Vienna Insurance Group AG - Key Facts
        • Table VIG Vienna Insurance Group AG - Key Financials (EUR Million), 2011-2015
  • Governance, Risk and Compliance
    • Table Austria - Insurance Regulatory Framework Key Features
    • Legislation Overview and Historical Evolution
    • Latest Changes in Regulation
    • Legislation and Market Practice by Type of Insurance
      • Life insurance
        • Table Austria - Life Insurance Regulatory Framework
      • Property insurance
        • Table Austria - Property Insurance Regulatory Framework
      • Motor insurance
        • Table Austria - Motor Insurance Regulatory Framework
        • Table Austria - Bonus-Malus System for Motor Insurance
      • Liability insurance
        • Table Austria - Liability Insurance Regulatory Framework
      • Marine, aviation and transit insurance
      • Personal accident and health insurance
    • Compulsory Insurance
      • Motor vehicle third-party liability insurance
      • Social security system
      • Air carriers and aircraft operators insurance
        • Table Austria - Minimum Coverage for Aircraft Third-Party Liability Per Accident and Aircraft
      • Professional indemnity insurance for alternative investment fund managers
      • Professional indemnity insurance for brokers:
      • Clinical trial liability
    • Supervision and Control
      • International Association of Insurance Supervisors (IAIS)
      • European Insurance and Occupational Pensions Authority (EIOPA)
      • Financial Market Authority (FMA)
      • Federation of European Risk Management Associations (FERMA)
    • Non-Admitted Insurance Regulations
      • Overview
      • Intermediaries
      • Market practices
      • Fines and Penalties
    • Company Registration and Operations
      • Type of insurance organization
      • Establishing a local company
      • Foreign ownership
      • Types of license
      • Capital requirements
      • Solvency margins
      • Reserve requirements
      • Investment regulations
      • Statutory return requirements
      • Fee structure
    • Taxation
      • Insurance premium or policy taxation
        • Table Austria- Insurance Premium Tax Rates for the Financial Year 2016
      • Corporate tax
        • Table Austria - Corporate Tax Rates for the Financial Year 2017
      • VAT
      • Captives
    • Legal System
      • Introduction
      • Access to court
      • Alternative dispute resolution
  • Databook
    • Policies and Premium
      • Table Austrian Insurance Industry - Policies and Premium, 2011-2015
      • Table Austrian Insurance Industry - Policies and Premium, 2015-2020
    • Claims and Expenses
      • Table Austrian Non-Life Insurance - Claims and Expenses, 2011-2015
      • Table Austrian Non-Life Insurance - Claims and Expenses, 2015-2020
    • Assets and Investments
      • Table Austrian Non-Life Insurance - Assets and Investments, 2011-2015
      • Table Austrian Non-Life Insurance - Assets and Investments, 2015-2020
    • Direct Marketing and E-Commerce
      • Table Austrian Non-Life Insurance - Direct Marketing and E-Commerce, 2011-2015
      • Table Austrian Non-Life Insurance - Direct Marketing and E-Commerce, 2015-2020
    • Insurance Brokers and Agencies
      • Table Austrian Non-Life Insurance - Insurance Brokers and Agencies, 2011-2015
      • Table Austrian Non-Life Insurance - Insurance Brokers and Agencies, 2015-2020
    • Bancassurance and Other Distribution Channels
      • Table Austrian Non-Life Insurance - Insurance Brokers and Agencies, 2011-2015
      • Table Austrian Non-Life Insurance - Insurance Brokers and Agencies, 2015-2020
    • Property Insurance
      • Table Austrian Non-Life Insurance - Property Insurance, 2011-2015
      • Table Austrian Non-Life Insurance - Property Insurance, 2015-2020
    • Property Insurance by Product
      • Table Austrian Non-Life Insurance - Property Insurance by Product, 2011-2015
      • Table Austrian Non-Life Insurance - Property Insurance by Product, 2015-2020
    • Motor Insurance
      • Table Austrian Non-Life Insurance - Motor Insurance, 2011-2015
      • Table Austrian Non-Life Insurance - Motor Insurance, 2015-2020
    • Motor Insurance by Product
      • Table Austrian Non-Life Insurance - Motor Insurance by Product, 2011-2015
      • Table Austrian Non-Life Insurance - Motor Insurance by Product, 2015-2020
    • Liability Insurance
      • Table Austrian Non-Life Insurance - Liability Insurance, 2011-2015
      • Table Austrian Non-Life Insurance - Liability Insurance, 2015-2020
    • Marine, Aviation and Transit Insurance
      • Table Austrian Non-Life Insurance - Marine, Aviation and Transit Insurance, 2011-2015
      • Table Austrian Non-Life Insurance - Marine, Aviation and Transit Insurance, 2015-2020
  • Definitions and Methodology
    • Definitions
      • Table Insurance Industry Definitions
    • Methodology
  • About Timetric
    • Contact Timetric
    • About Timetric
    • Timetric's Services
    • Disclaimer

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