Today: February 14, 2016, 6:01 pm

Austria life insurance market: Written premium value at $8.4 billion in 2012
Life Insurance in Austria, Key Trends and Opportunities to 2017 - a new market research report on 2014-04-03 00:35:01
In terms of gross written premium, Austrian life insurance was the second-largest segment, behind non-life, in the Austrian insurance industry during the review period. The segment accounted for industry shares of 45.0%, 42.3% and 39.8% in 2010, 2011 and 2012 respectively. The segment fell from being the leading insurance segment in 2011 to the second-largest in 2012.

In terms of value, the Austrian life segment´s written premium fell from EUR7.4 billion (US$10.8 billion) in 2008 to EUR6.5 billion (US$8.4 billion) in 2012, at a review-period CAGR of -3.1%. This was mainly due to the rapid decline of single-premium life insurance products following changes to lock-in periods, which increased from 10 to 15 years.

The increase in minimum lock-in periods had an adverse impact on single-premium business, which declined by 32.9% in 2011 and 6.4% in 2012. The reduction of government subsidies on government-sponsored pension plans reduced demand for life insurance products in Austria. Austria has one of the fastest-aging populations in the EU, which will create growth opportunities for the life segment over the forecast period. Austria´s life insurance segment is highly concentrated with the 10 leading insurers accounting for 76.9% of the segment´s total gross written premium in 2012.

Click for report details: ..

Browse all Finance and Banking Market Research Reports ..

Browse all Finance and Banking Company Profile Reports ..

Browse all Latest Market Research Reports ..

About Us is a leading online business information aggregator with over 300,000 market reports and company profiles available to our clients. Our extensive range of reports are sourced from the leading publishers of business information and provide clients with the widest range of information available. In terms of company profiles,’s online database allows clients access to market and corporate information to over 100,000 different companies. We provide clients with a fully indexed database of information where clients can find specific market reports on their niche industry sectors of interest.

Press Information

Published by
Mike King
London: +44 (0) 203 086 8600

# 396 Words
Related Articles
More From Finance
Arizona Real Estate Stats 2015
COMMENTARY by Tom Ruff of The Information Market Permission is granted only to ARMLS® Subscribers for reproduction with attribution [..] Announces New Trader Counsel Services
LONDON - Jan. 25, 2016 - British financial news source has announced that it will now be offering the [..] Offers Free Advice For Getting Completely [..]
Everyone has some degree of debt to deal with. Some folks have a lot of it, and they need to [..]
Offshore Processing slashes credit card processing costs [..]
High risk and high volume merchants engaged in unconventional trades, such as Adult Content, Adult Goods, Online Casinos, Online [..]
Real-Estate-Yogi Offers Free Advice to Returning Veterans [..]
Veterans of the United States are returning from active duty and need places to live. It is up to lenders [..]

Disclaimer: If you have any questions regarding information in this press release please contact the company added in the press release. Please do not contact pr-inside. We will not be able to assist you. PR-inside disclaims the content included in this release.