Today: February 9, 2016, 11:33 pm

Cyprus personal accident and health insurance market increased by 7.8% CAGR during 2008 to 2012
Personal Accident and Health Insurance in Cyprus, Key Trends and Opportunities to 2017 - a new market research report on 2014-08-21 00:24:01
The Cypriot healthcare system is characterized by absence of universal coverage. Although designed to provide comprehensive coverage, the general health insurance system (GHIS) has not been implemented due to cost overruns and pressure on government finances from the financial crisis. In terms of total healthcare expenditure, the share of the private sector stood at 57%, higher than public expenditure which stood at 43% in 2011. The current public system lacks efficiency and technological capability and has resulted in an increased dependence on private sector insurance. The personal accident and health segment´s written premium increased at a CAGR of 7.8% during the review period (2008−2012). The troubled state of the economy, rising unemployment figures and a decline in disposable income is impacting demand for personal accident and health products.

Changing lifestyle patterns and improving health awareness among the Cypriot population resulted in an increase in per capita healthcare expenditure during the review period

The personal accident and health segment´s written premium increased at a CAGR of 7.8% during the review period (2008−2012)

The personal accident insurance category is the largest in the segment, accounting for an industry share of 51.5% in 2012

Over the forecast period, rising health expenditure, an aging population and increased co-ordination between the public and private sector will underline growth

The segment is highly concentrated with the 10 leading companies accounting for 83.2% of the total personal accident and health 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

# 442 Words
Related Articles
More From Finance 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 [..]
The Experts at Explain How to [..]
Foreclosures have gone through a decrease over the past decade, but that doesn’t mean they don’t still happen. People who [..]

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.