2013-02-14 20:40:05 - Fast Market Research recommends "Personal Accident and Health Insurance in Ireland, Key Trends and Opportunities to 2017" from Timetric, now available

Ireland has a booming domestic and international insurance industry comprising life, non-life, reinsurance, captive and intermediary activities. The country acts as a major jurisdiction for domiciling head office insurance companies focusing on the European Economic Area (EEA) markets. Many foreign insurance and reinsurance groups have relocated to Ireland since 2008, including Willis Group Holdings Limited, Beazley Group plc, Zurich and XL Capital Limited.

Key Highlights

* The Irish private health insurance market witnessed a rapid fall in the number of insurance policies sold during the review period (2008–2012). This was largely due to increases in premium costs and the unfavorable economic and business conditions caused by Ireland’s sovereign debt crisis.
* Ireland has an attractive taxation policy, which has been

a key factor in the emergence of the country as an attractive location for the insurance business. Ireland has a corporation tax rate of 12.5%, which is low compared to that of many other EU member states.
* The life insurance segment accounted for the largest share of 58.9% of the written premium of the overall insurance industry in 2012.
* Insurance brokers accounted for the largest share of 58.9% of personal accident and health insurance written premiums generated through distribution channels in 2012.
* The Irish personal accident and health insurance segment is less fragmented and competitive compared to the life and non-life segments.


Full Report Details at
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Scope

This report provides a comprehensive analysis of the personal accident and health insurance segment in Ireland:

* It provides historical values for the Irish personal accident and health insurance segment for the report’s 2008–2012 review period and forecast figures for the 2013–2017 forecast period
* It offers a detailed analysis of the key sub-segments in the Irish personal accident and health insurance segment, along with forecasts until 2017
* It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, frauds and crimes, total assets, total investment income and retentions
* It analyses the various distribution channels for personal accident and health insurance products in Ireland
* Using Porter’s industry-standard “Five Forces” analysis, it details the competitive landscape in Ireland for the personal accident and health insurance segment
* It provides a detailed analysis of the reinsurance segment in Ireland and its growth prospects
* It profiles the top personal accident and health insurance companies in Ireland and outlines the key regulations affecting them

Reasons to Purchase

* Make strategic business decisions using historic and forecast market data related to the Irish personal accident and health insurance market and each sector within it
* Understand the demand-side dynamics, key market trends and growth opportunities within the Irish personal accident and health insurance market
* Assess the competitive dynamics in the personal accident and health insurance market, along with the reinsurance segment
* Identify the growth opportunities and market dynamics within key product categories
* Gain insights into key regulations governing the Irish insurance market and its impact on companies and the market's future

Companies Mentioned in this Report: VHI Healthcare, Aviva Health Insurance Ireland, Quinn Insurance

Partial Table of Contents:

1 Executive Summary
2 Introduction
2.1 What is this Report About?
2.2 Definitions
2.3 Methodology
3 Irish Insurance Industry Attractiveness
3.1 Insurance Industry Market Size, 2008–2017
3.2 Key Industry Trends and Drivers
3.2.1 Business drivers
3.2.2 Consumer drivers
3.3 Recent Market Developments
4 Personal Accident and Health Insurance Segment Outlook
4.1 Personal Accident and Health Insurance Growth Prospects by Category
4.1.1 Personal accident category
4.1.2 Travel insurance category
4.1.3 Health insurance category
5 Analysis by Distribution Channels
5.1 Direct marketing
5.2 E-Commerce
5.3 Brokers
5.4 Other channels
6 Legislation, Supervision and Control
6.1 Legislation Overview and Historical Evolution
6.2 Legislation Trends by Type of Insurance
6.2.1 Life insurance regulatory trends
6.2.2 Property insurance regulatory trends
6.2.3 Motor insurance regulatory trends
6.2.4 Liability insurance regulatory trends
6.2.5 Marine, aviation and transit insurance regulatory trends
6.2.6 Health insurance regulatory trends
6.3 Compulsory Insurance
6.3.1 Motor third-party liability insurance
6.3.2 Social security insurance
6.4 Supervision and Control
6.4.1 International Association of Insurance Supervisors
6.4.2 European Insurance and Occupational Pensions Authority
6.4.3 Central Bank of Ireland
7 Non-Admitted Insurance Regulatory
7.1 Overview
7.2 Intermediaries
7.3 Market Practices
7.4 Fines and Penalties
8 Company Registration and Operations
8.1 Types of Insurance Organisation
8.2 Establishing a local company
8.3 Foreign Ownership
8.4 Types of License
8.5 Capital Requirements
8.6 Solvency Margins
8.7 Reserve Requirements
8.8 Investment Regulations
8.9 Statutory Return Requirements
8.1 Policy Terms and Conditions
9 Taxation
9.1 Insurance Premium or Policy Taxation
9.2 Corporate Tax
9.3 VAT
9.4 Captives
10 Legal System
10.1 Introduction
10.2 Access to Court
10.3 Alternative Dispute Resolution (ADR)
11 Porter’s Five Forces Analysis – Irish Personal Accident and Health Insurance Segment
11.1 Bargaining power of supplier: Low to medium
11.2 Bargaining power of buyer: Medium
11.3 Barriers to entry: Low to medium

Full Table of Contents is available at:
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About Timetric

Timetric is an independent economic and business research firm providing critical intelligence on emerging economies and key global industries. They provide detailed economic and sector intelligence, business insights and authoritative, independent commentary. View more research from Timetric at www.fastmr.com/catalog/publishers.aspx?pubid=1037

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