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New Report Available: Life Insurance in Portugal, Key Trends and Opportunities to 2017


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2013-12-19 09:15:50 - Recently published research from Timetric, "Life Insurance in Portugal, Key Trends and Opportunities to 2017", is now available at Fast Market Research

Weak economic environment and rising unemployment, on account of the financial crisis and the subsequent sovereign debt crisis, led to a decline in Portuguese life insurance product sales during the review period (2008-2012). Endowments and pensions were the largest categories in the segment, collectively accounting for 81.8% of the gross written premium in 2012. Economic recovery, an aging population and declining government benefits due to austerity measures are expected to encourage investments in long-term saving products over the forecast period (2012-2017).

Key Highlights

* Portugal was ranked the 15th-largest life insurance segment in Europe in terms of gross written premium in 2011
* The Portuguese insurance industry is dominated by the life segment, which accounted for 66.1% of the gross written

premiums in 2012
* The poor economic environment and high unemployment, on account of the financial crisis and sovereign debt crisis, led to a decline in the sale of life insurance products during the review period
* The segment contracted at a review-period CAGR of 9.5%, from EUR10.0 billion (US$14.7 billion) in 2008 to EUR6.7 billion (US$8.7 billion) in 2012
* Bancassurance was the preferred distribution channel in the segment
* The life segment is highly concentrated, with the 10 leading life insurers collectively accounting for 90.2% of the segment's written premiums in 2012

Full Report Details at
- www.fastmr.com/prod/755343_life_insurance_in_portugal_key_trends ..

Scope

This report provides a comprehensive analysis of the life insurance segment in Portugal:

* It provides historical values for the Portuguese life insurance segment for the report's 2008-2012 review period and forecast figures for the 2012-2017 forecast period
* It offers a detailed analysis of the key sub-segments in the Portuguese life 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 life insurance products in Portugal
* Using Porter's industry-standard "Five Forces" analysis, it details the competitive landscape in Portugal for the life insurance business
* It provides a detailed analysis of the reinsurance segment in Portugal and its growth prospects
* It profiles the top life insurance companies in Portugal and outlines the key regulations affecting them

Reasons to Get this Report

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

Companies Mentioned in this Report: Companhia de Seguros Fidelidade Mundial SA, BES-Vida Companhia de Seguros, SA, Ocidental - Companhia Portuguesa de Seguros de Vida SA, Santander Totta Seguros, Credito Agricola Vida - Companhia de Seguros SA, BPI Vida e Pensoes - Companhia de Seguros SA, Companhia de Seguros Allianz Portugal SA, Companhia de Seguros Acoreana, SA, Eurovida - Companhia de Seguros de Vida, SA, CNP Barclays Vida y Pensiones, Compania de Seguros, SA

Partial Table of Contents:

1 Executive Summary
2 Introduction
2.1 What is This Report About?
2.2 Definitions
2.3 Methodology
3 Regional Market Dynamics
3.1 Overview
3.1.1 Market trends
3.1.2 Market size
4 Life Insurance
4.1 Scale and Penetration
4.1.1 Total gross written premium
4.1.2 Premium per capita
4.1.3 Life insurance penetration
4.2 Growth
4.2.1 Gross written premium
4.2.2 Gross written premium per capita
4.3 Efficiency and Risk
4.3.1 Loss ratio
4.3.2 Combined ratio
4.3.3 Incurred losses per capita
4.3.4 Incurred losses as a percentage of GDP
4.4 Distribution Channels
4.4.1 Direct marketing
4.4.2 Insurance brokers
4.4.3 Bancassurance
4.4.4 Agencies
5 Portuguese Insurance Industry Attractiveness
5.1 Insurance Industry Size, 2008-2017
5.2 Key Industry Trends and Drivers
6 Life Insurance Outlook
6.1 Life Insurance Growth Prospects by Category
6.1.1 Individual life insurance
6.1.2 Individual general annuity insurance
6.1.3 Individual pension
6.1.4 Individual endowment insurance
6.1.5 Individual unit-linked insurance
6.1.6 Individual term life insurance
6.1.7 Other individual insurance
6.1.8 Group life insurance
6.1.9 Group superannuation insurance
6.1.10 Group unit-linked insurance
6.2 Life Insurance Growth Prospects by Product Type
6.2.1 Individual single-premium policies
6.2.2 Individual non-single-premium policies
6.2.3 Group single-premium policies
6.2.4 Group non-single-premium policies
7 Analysis by Distribution Channel
7.1 Direct Marketing
7.2 Bancassurance
7.3 Agencies
7.4 Brokers
7.5 Other Channels
8 Porter's Five Forces Analysis - Portuguese Life Insurance
8.1 Bargaining Power of Supplier: Low-to-Medium
8.2 Bargaining Power of Buyer: Medium
8.3 Barriers to Entry: Medium
8.4 Intensity of Rivalry: Medium to High
8.5 Threat of Substitutes: Low to Medium
9 Reinsurance Growth Dynamics and Challenges
9.1 Reinsurance Segment Size, 2008-2017
9.2 Reinsurance Segment Size by Type of Insurance, 2008-2017
10 Governance, Risk and Compliance
10.1 Legislation Overview and Historical Evolution
10.2 Legislation and Market Practice by Type of Insurance
10.2.1 Life insurance
10.2.2 Property insurance
10.2.3 Motor insurance

Full Table of Contents is available at:
-- www.fastmr.com/catalog/product.aspx?productid=755343&dt=t

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

About Fast Market Research

Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available.

For more information about these or related research reports, please visit our website at www.fastmr.com or call us at 1.800.844.8156.


Author:
Bill Thompson
e-mail
Web: www.fastmr.com
Phone: 18008448156

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