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Personal Accident and Health Insurance in Malta, Key Trends and Opportunities to 2019

Personal Accident and Health Insurance in Malta, Key Trends and Opportunities to 2019

Synopsis

Timetric’s 'Personal Accident and Health Insurance in Malta, Key Trends and Opportunities to 2019' report provides detailed analysis of the market trends, drivers, challenges in the Maltese personal accident and health insurance segment.

It provides 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 period (2010–2014) and forecast period (2014–2019).

The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the Maltese economy and demographics, 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 'Personal Accident and Health Insurance in Malta, Key Trends and Opportunities to 2019' report provides in-depth market analysis, information and insights into the Maltese personal accident and health insurance segment, including:

  • The Maltese 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
  • A comprehensive overview of the Maltese economy and demographics
  • The various distribution channels in the Maltese personal accident and health insurance segment
  • Details of the competitive landscape in the personal accident and health insurance segment in Malta
  • Details of regulatory policy applicable to the Maltese insurance industry
Scope

This report provides a comprehensive analysis of the personal accident and health insurance segment in Malta:
  • It provides historical values for the Maltese personal accident and health insurance segment for the report’s 2010–2014 review period, and projected figures for the 2014–2019 forecast period.
  • It offers a detailed analysis of the key categories in the Maltese personal accident and health insurance segment, and market forecasts to 2019.
  • It profiles the top personal accident and health insurance companies in Malta, 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 Maltese personal accident and health insurance segment, and each category within it.
  • Understand the demand-side dynamics, key market trends and growth opportunities in the Maltese personal accident and health insurance segment.
  • Assess the competitive dynamics in the personal accident and health insurance segment.
  • Identify growth opportunities and market dynamics in key product categories.
  • Gain insights into key regulations governing the Maltese insurance industry, and their impact on companies and the industry's future.
Key Highlights
  • Malta’s personal accident and health insurance segment performed robustly during the review period at a review-period CAGR of 34.0%.
  • An improving economic performance is expected to fuel income levels in Malta, resulting in a rise in the volume of personal accident and health products.
  • The penetration of health insurance in Malta is low when compared to other European countries such as UK, Germany and France.
  • Malta’s aging population drove health insurance sales during the review period – a trend that is expected to continue over the forecast period. Malta’s development as medical tourism hub is expected to drive growth in private health insurance over the forecast period.
  • Rising internet penetration levels, growing consumer awareness of online transactions and reliable payment gateways adopted by insurers are expected to support the emergence of e-commerce over the forecast period. This channel offers the potential to reduce distribution costs and pass savings on to customers in the form of lower premiums.


  • Key Facts and Highlights
    • Table Maltese Personal Accident and Health Insurance - Key Facts, 2014
  • Executive Summary
  • Economy and Demographics
    • Table Maltese Government Credit Ratings
  • Personal Accident and Health Insurance Segment Outlook
    • Key Drivers
    • Key Trends
    • Challenges
    • Personal Accident and Health Insurance Growth Prospects by Category
      • Table Maltese Personal Accident and Health Insurance - Gross Written Premium by Category (EUR Million), 2010-2014
      • Table Maltese Personal Accident and Health Insurance - Gross Written Premium by Category (US$ Million), 2010-2014
      • Table Maltese Personal Accident and Health Insurance - Gross Written Premium by Category (EUR Million), 2014-2019
      • Table Maltese Personal Accident and Health Insurance - Gross Written Premium by Category (US$ Million), 2014-2019
      • Table Maltese Personal Accident and Health Insurance - Direct Written Premium by Category (EUR Million), 2010-2014
      • Table Maltese Personal Accident and Health Insurance - Direct Written Premium by Category (US$ Million), 2010-2014
      • Table Maltese Personal Accident and Health Insurance - Direct Written Premium by Category (EUR Million), 2014-2019
      • Table Maltese Personal Accident and Health Insurance - Direct Written Premium by Category (US$ Million), 2014-2019
      • Table Maltese Personal Accident and Health Insurance - Net Earned Premium (EUR Million), 2010-2014
      • Table Maltese Personal Accident and Health Insurance - Net Earned Premium (EUR Million), 2014-2019
      • Table Maltese Personal Accident and Health Insurance - Paid Claims by Category (EUR Million), 2010-2014
      • Table Maltese Personal Accident and Health Insurance - Paid Claims by Category (US$ Million), 2010-2014
      • Table Maltese Personal Accident and Health Insurance - Paid Claims by Category (EUR Million), 2014-2019
      • Table Maltese Personal Accident and Health Insurance - Paid Claims by Category (US$ Million), 2014-2019
      • Table Maltese Personal Accident and Health Insurance - Incurred Loss by Category (EUR Million), 2010-2014
      • Table Maltese Personal Accident and Health Insurance - Incurred Loss by Category (US$ Million), 2010-2014
      • Table Maltese Personal Accident and Health Insurance - Incurred Loss by Category (EUR Million), 2014-2019
      • Table Maltese Personal Accident and Health Insurance - Incurred Loss by Category (US$ Million), 2014-2019
      • Table Maltese Personal Accident and Health Insurance - Loss Ratio (%), 2010-2014
      • Table Maltese Personal Accident and Health Insurance - Loss Ratio (%), 2014-2019
      • Table Maltese Personal Accident and Health Insurance - Commission and Expenses (EUR Million), 2010-2014
      • Table Maltese Personal Accident and Health Insurance - Commission and Expenses (EUR Million), 2014-2019
      • Table Maltese Personal Accident and Health Insurance - Combined Ratio (%), 2010-2014
      • Table Maltese Personal Accident and Health Insurance - Combined Ratio (%), 2014-2019
      • Table Maltese Personal Accident and Health Insurance - Total Assets (EUR Million), 2010-2014
      • Table Maltese Personal Accident and Health Insurance - Total Assets (EUR Million), 2014-2019
      • Table Maltese Personal Accident and Health Insurance - Net Written Premium as a Percentage of Gross Written Premium (%), 2010-2014
      • Table Maltese Personal Accident and Health Insurance - Net Written Premium as a Percentage of Gross Written Premium (%), 2014-2019
      • Personal accident insurance
        • Table Maltese Personal Accident Insurance - Direct Written Premium (EUR Million), 2010-2014
        • Table Maltese Personal Accident Insurance - Direct Written Premium (EUR Million), 2014-2019
        • Table Maltese Personal Accident Insurance - Loss Ratio (%), 2010-2014
        • Table Maltese Personal Accident Insurance - Loss Ratio (%), 2014-2019
      • Travel insurance
        • Table Maltese Travel Insurance - Direct Written Premium (EUR Million), 2010-2014
        • Table Maltese Travel Insurance - Direct Written Premium (EUR Million), 2014-2019
        • Table Maltese Travel Insurance - Loss Ratio (%), 2010-2014
        • Table Maltese Travel Insurance - Loss Ratio (%), 2014-2019
      • Health insurance
        • Table Maltese Health Insurance - Direct Written Premium (EUR Million), 2010-2014
        • Table Maltese Health Insurance - Direct Written Premium (EUR Million), 2014-2019
        • Table Maltese Health Insurance - Paid Claims (EUR Million), 2010-2014
        • Table Maltese Health Insurance - Paid Claims (EUR Million), 2014-2019
        • Table Maltese Health Insurance - Loss Ratio (%), 2010-2014
        • Table Maltese Health Insurance - Loss Ratio (%), 2014-2019
  • Analysis by Distribution Channel
    • Direct Marketing
      • Table Maltese Personal Accident and Health Insurance - Direct Marketing Value of Commission (EUR Million), 2010-2014
      • Table Maltese Personal Accident and Health Insurance - Direct Marketing Value of Commission (EUR Million), 2014-2019
      • Table Maltese Personal Accident and Health Insurance - Direct Marketing Direct Written Premium (EUR Million), 2010-2014
      • Table Maltese Personal Accident and Health Insurance - Direct Marketing Direct Written Premium (EUR Million), 2014-2019
    • Agencies
      • Table Maltese Personal Accident and Health Insurance - Agencies' Value of Commission (EUR Million), 2010-2014
      • Table Maltese Personal Accident and Health Insurance - Agencies' Value of Commission (EUR Million), 2014-2019
      • Table Maltese Personal Accident and Health Insurance - Agencies' Direct Written Premium (EUR Million), 2010-2014
      • Table Maltese Personal Accident and Health Insurance - Agencies' Direct Written Premium (EUR Million), 2014-2019
    • Brokers
      • Table Maltese Personal Accident and Health Insurance - Brokers' Value of Commission (EUR Million), 2010-2014
      • Table Maltese Personal Accident and Health Insurance - Brokers' Value of Commission (EUR Million), 2014-2019
      • Table Maltese Personal Accident and Health Insurance - Brokers' Direct Written Premium (EUR Million), 2010-2014
      • Table Maltese Personal Accident and Health Insurance - Brokers' Direct Written Premium (EUR Million), 2014-2019
  • Competitive Landscape and Strategic Insights
    • Overview
      • Table Total Number of Insurance and Reinsurance Companies In The Maltese Insurance Industry, 2010 – 2014
    • Leading Companies in the Maltese Personal Accident and Health Insurance Segment
      • Table Maltese Personal Accident and Health Insurance - Segment Shares (%), 2014
      • Mapfre Middlesea Plc - company overview
        • Table Mapfre Middlesea Plc, Key Facts
      • Atlas Insurance PCC Ltd - company overview
        • Table Atlas Insurance PCC Ltd - Key Facts
      • Elmo Insurance Ltd - company overview
        • Table Elmo Insurance Ltd - Key Facts
      • GasanMamo Insurance Ltd - company overview
        • Table GasanMamo Insurance Ltd - Key Facts
      • GlobalCapital Plc - company overview
        • Table GlobalCapital Plc, Key Facts
  • Governance, Risk and Compliance
    • Table Malta - Insurance Regulatory Framework Key Features
    • Legislation Overview and Historical Evolution
    • Latest Changes in Regulations
    • Legislation and Market Practice by Type of Insurance
      • Life insurance
        • Table Malta - Life Insurance Regulatory Framework
      • Property insurance
        • Table Malta - Property Insurance Regulatory Framework
      • Motor insurance
        • Table Malta - Motor Insurance Regulatory Framework
      • Liability insurance
        • Table Malta - Liability Insurance Regulatory Framework
      • Marine, aviation and transit insurance regulations
      • Personal accident and health insurance regulations
    • Compulsory Insurance
      • Motor third-party liability insurance
      • Social Security System
      • Air carriers and aircraft operators insurance
        • Table Malta - Minimum Cover for Aircraft Third-Party Liability per Accident per Aircraft
      • Professional indemnity insurance for healthcare professionals
      • Professional indemnity insurance for alternative investment fund managers
    • Supervision and Control
      • International Association of Insurance Supervisors
      • European Insurance and Occupational Pensions Authority
      • Federation of European Risk Management Associations
      • Ministry of Finance
      • Malta Financial Services Authority
      • The Financial Services Tribunal
    • Non-Admitted Insurance Regulations
      • Overview
      • Intermediaries
      • Market practices
      • Fines and penalties
    • Company Registration and Operations
      • Types 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
        • Table Malta - Authorization Fees for Insurers and Reinsurers
        • Table Malta - Annual Supervisory Fee for Insurance Companies Based on Premium Income
        • Table Malta - Authorization Fees for Auditor
        • Table Malta - Fees to Permit to Cease to Carry on Insurance and Reinsurance Businesses
    • Taxation
      • Insurance premium or policy taxation
      • Withholding taxes on premium paid overseas
      • Corporate tax
        • Table Malta - Corporate Tax Rates for the Financial Year 2015
      • VAT
      • Captives
    • Legal System
      • Introduction
      • Access to court
      • Alternative dispute resolution
  • Definitions and Methodology
    • Definitions
      • Table Insurance Industry Definitions
    • Methodology
  • About Timetric
    • Contact Timetric
    • About Timetric

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