SynopsisThe Finnish reinsurance segment grew in terms of premium accepted grew at a review period (2009-2013) compound annual growth rate (CAGR) of 1.4%. The increase was partially supported by robust growth in the insurance industry, in the non-life and personal accident segments. It was also supported by rising public awareness of the benefits of insurance; these factors are also expected to support the segment over the forecast period (2013-2018). The segment is projected to increase at a CAGR of 5.3% over the forecast period.ScopeThis report provides a comprehensive analysis of the reinsurance segment in Finland: It provides historical values for Finlands reinsurance segment for the reports 2009-2013 review period, and projected figures for the 2013-2018 forecast period. It offers a detailed analysis of the key categories in Finlands reinsurance segment, along with market forecasts until 2018. It provides a detailed analysis of the reinsurance ceded from various direct insurance segments in Finnish and its growth prospects.SummaryThe report provides in-depth market analysis, information and insights into the Finnish reinsurance segment, including: The Finnish reinsurance segments... Research Beam Model: Research Beam Product ID: 169494 1450 USD New
Reinsurance in Finland, Key Trends and Opportunities to 2018
 
 

Reinsurance in Finland, Key Trends and Opportunities to 2018

  • Category : BFSI
  • Published On : January   2015
  • Pages : 79
  • Publisher : Timetric
 
 
 
Synopsis
The Finnish reinsurance segment grew in terms of premium accepted grew at a review period (2009-2013) compound annual growth rate (CAGR) of 1.4%. The increase was partially supported by robust growth in the insurance industry, in the non-life and personal accident segments. It was also supported by rising public awareness of the benefits of insurance; these factors are also expected to support the segment over the forecast period (2013-2018). The segment is projected to increase at a CAGR of 5.3% over the forecast period.

Scope
This report provides a comprehensive analysis of the reinsurance segment in Finland:

It provides historical values for Finlands reinsurance segment for the reports 2009-2013 review period, and projected figures for the 2013-2018 forecast period.

It offers a detailed analysis of the key categories in Finlands reinsurance segment, along with market forecasts until 2018.

It provides a detailed analysis of the reinsurance ceded from various direct insurance segments in Finnish and its growth prospects.

Summary
The report provides in-depth market analysis, information and insights into the Finnish reinsurance segment, including:

The Finnish reinsurance segments growth prospects by reinsurance category

Key drivers for the reinsurance segment

Finnish reinsurance segments growth prospects by reinsurance ceded from direct insurance

The competitive landscape in the Finnish reinsurance segment

Reasons To Buy
Make strategic business decisions using in-depth historic and forecast market data related to the Finnish reinsurance segment and each sector within it

Understand the demand-side dynamics, key market trends and growth opportunities in the Finnish reinsurance segment

Identify the growth opportunities and market dynamics in key product categories

Gain insights into key regulations governing the Finnish insurance industry, and their impact on companies and the industrys future

Key highlights
The Finnish reinsurance segment grew in terms of premium accepted grew at a compound annual growth rate (CAGR) of 1.4%.

Non-life insurers ceded the highest percentage of premium to reinsurers, with 5.2% in 2013.

The premium ceded by the personal accident and health segment grew at a review-period CAGR of 7.1%.

Reinsurers in Finland are not subject to as many regulations as primary insurers, nor are they regulated by the Insurance Contracts Act.
Table Of Contents
1 Key Facts and Events
2 Executive Summary
3 Introduction
3.1 What is this Report About?
3.2 Definitions
3.3 Methodology
4 Finnish Insurance Industry Attractiveness
4.1 Insurance Industry Size, 2009-2018
5 Reinsurance Growth Dynamics and Challenges
5.1 Reinsurance Segment Size, 2009-2018
5.2 Reinsurance Segment Size by Premium Ceded, 2009-2018
6 Key Industry Drivers
6.1 Fundamental Business Drivers
6.2 Life Insurance Drivers
6.3 Non-Life Insurance Drivers
6.4 Personal Accident and Health Insurance Drivers
7 Competitive Landscape and Strategic Insights
7.1 Overview
7.2 Leading Companies in the Finnish Reinsurance Segment
7.3 LocalTapiola General Mutual Insurance Company - Company Overview
7.3.1 LocalTapiola General Mutual Insurance Company - key facts
7.4 Pohjola Insurance Ltd - Company Overview
7.4.1 Pohjola Insurance Ltd - key facts
7.5 If P&C Insurance Company Ltd - Company Overview
7.5.1 If P&C Insurance Company Ltd - key facts
7.6 Redarnas Ömsesidiga Försäkringsbolag - Company Overview
7.6.1 Redarnas Ömsesidiga Försäkringsbolag - key facts
7.7 Mandatum Life Insurance Company Ltd - Company Overview
7.7.1 Mandatum Life Insurance Company Ltd - key facts
7.8 Retro Life Assurance Company Ltd - Company Overview
7.8.1 Retro Life Assurance Company Ltd - key facts
7.9 Fennia Mutual Insurance Company - Company Overview
7.9.1 Fennia Mutual Insurance Company - key facts
8 Appendix - 1
8.1 Business Confidence
8.1.1 Market capitalization trend - Helsinki Stock Exchange (HSE), Finland
8.2 Economic Performance
8.2.1 GDP at constant prices (US$)
8.2.2 GDP per capita at constant prices (US$)
8.2.3 GDP at current prices (US$)
8.2.4 GDP per capita at current prices (US$)
8.2.5 GDP by key sector
8.2.6 Agriculture, hunting, forestry and fishing net output at current prices (US$)
8.2.7 Agriculture, hunting, forestry and fishing net output at current prices as a percentage of GDP
8.2.8 Manufacturing net output at current prices (US$)
8.2.9 Manufacturing net output at current prices as a percentage of GDP
8.2.10 Mining, manufacturing and utilities at current prices (US$)
8.2.11 Mining, manufacturing and utilities at current prices as percentage of GDP
8.2.12 Construction net output at current prices (US$)
8.2.13 Construction net output at current prices as a percentage of GDP
8.2.14 Inflation rate
8.2.15 Exports as a percentage of GDP
8.2.16 Imports as a percentage of GDP
8.2.17 Merchandise exports growth
8.2.18 Merchandise imports growth
8.2.19 Annual average exchange rate US$-EUR
8.3 Infrastructure
8.3.1 Commercial vehicle exports - total value
8.3.2 Commercial vehicle imports - total value
8.3.3 Automotive exports - total value
8.3.4 Automotive imports - total value
8.3.5 Total internet subscribers
8.4 Labor Force
8.4.1 Labor force
8.4.2 Unemployment rate
8.5 Demographics
8.5.1 Household consumption expenditure (US$)
8.5.2 Total population
8.5.3 Urban and rural populations
8.5.4 Age distribution of the total population
8.5.5 Life expectancy
9 Appendix - 2
9.1 Methodology
9.2 Contact Timetric
9.3 About Timetric
9.4 Timetrics Services
9.5 Disclaimer

List Of Tables
Table 1: Finnish Reinsurance - Key Facts, 2013
Table 2: Insurance Industry Definitions
Table 3: Finnish Insurance - Gross Written Premium by Segment (EUR Billion), 2009-2013
Table 4: Finnish Insurance - Gross Written Premium by Segment (US$ Billion), 2009-2013
Table 5: Finnish Insurance - Gross Written Premium by Segment (EUR Billion), 2013-2018
Table 6: Finnish Insurance - Gross Written Premium by Segment (US$ Billion), 2013-2018
Table 7: Finnish Insurance - Segmentation, Gross Written Premium (% Share), 2009-2018
Table 8: Finnish Insurance - Direct Written Premium by Segment (EUR Billion), 2009-2013
Table 9: Finnish Insurance - Direct Written Premium by Segment (US$ Billion), 2009-2013
Table 10: Finnish Insurance - Direct Written Premium by Segment (EUR Billion), 2013-2018
Table 11: Finnish Insurance - Direct Written Premium by Segment (US$ Billion), 2013-2018
Table 12: Finnish Insurance - Segmentation, Direct Written Premium (% Share), 2009-2018
Table 13: Finnish Reinsurance - Premium Accepted (EUR Million), 2009-2013
Table 14: Finnish Reinsurance - Premium Accepted (EUR Million), 2013-2018
Table 15: Finnish Reinsurance - Premium Ceded by Type of Insurance (EUR Million), 2009-2013
Table 16: Finnish Reinsurance - Premium Ceded by Type of Insurance (US$ Million), 2009-2013
Table 17: Finnish Reinsurance - Premium Ceded by Type of Insurance (EUR Million), 2013-2018
Table 18: Finnish Reinsurance - Premium Ceded by Type of Insurance (US$ Million), 2013-2018
Table 19: Finnish Life Insurance - Percentage of Reinsurance Ceded (%), 2009-2013
Table 20: Finnish Life Insurance - Percentage of Reinsurance Ceded (%), 2013-2018
Table 21: Finnish Non-Life Insurance - Percentage of Reinsurance Ceded, 2009-2013
Table 22: Finnish Non-Life Insurance - Percentage of Reinsurance Ceded, 2013-2018
Table 23: Finnish Personal Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2009-2013
Table 24: Finnish Personal Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2013-2018
Table 25: Finnish Reinsurance Companies, 2013
Table 26: LocalTapiola General Mutual Insurance Company, Key Facts
Table 27: Pohjola Insurance Ltd, Key Facts
Table 28: If P&C Insurance Company Ltd, Key Facts
Table 29: Redarnas Ömsesidiga Försäkringsbolag, Key Facts
Table 30: Mandatum Life Insurance Company Ltd, Key Facts
Table 31: Retro Life Assurance Company Ltd, Key Facts
Table 32: Fennia Mutual Insurance Company, Key Facts

List Of Figures
Figure 1: Finnish Insurance - Gross Written Premium by Segment (EUR Billion), 2009-2018
Figure 2: Finnish Insurance - Dynamics by Segment, Gross Written Premium (2009-2018)
Figure 3: Finnish Insurance - Direct Written Premium by Segment (EUR Billion), 2009-2018
Figure 4: Finnish Insurance - Dynamics by Segment, Direct Written premium (2009-2018)
Figure 5: Finnish Reinsurance - Premium Accepted (EUR Million), 2009-2013
Figure 6: Finnish Reinsurance - Premium Accepted (EUR Million), 2013-2018
Figure 7: Finnish Reinsurance - Premium Ceded by Type of Insurance (EUR Million), 2009-2018
Figure 8: Finnish Reinsurance - Premium Ceded Dynamics by Type of Insurance, 2009-2018
Figure 9: Finnish Life Insurance - Percentage of Reinsurance Ceded (%), 2009-2013
Figure 10: Finnish Life Insurance - Percentage of Reinsurance Ceded (%), 2013-2018
Figure 11: Finnish Non-Life Insurance - Percentage of Reinsurance Ceded, 2009-2013
Figure 12: Finnish Non-Life Insurance - Percentage of Reinsurance Ceded, 2013-2018
Figure 13: Finnish Personal Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2009-2013
Figure 14: Finnish Personal Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2013-2018
Figure 15: Finland, Helsinki Stock Exchange (HSE) Market Capitalization (US$ Billion), 2008-2012
Figure 16: Finnish GDP at Constant Prices (US$ Billion), 2009-2013
Figure 17: Finnish GDP Per Capita at Constant Prices (US$), 2009-2013
Figure 18: Finnish GDP at Current Prices (US$ Billion), 2009-2013
Figure 19: Finnish GDP Per Capita at Current Prices (US$), 2009-2013
Figure 20: Finnish GDP by Key Sector (%) 2008 and 2012
Figure 21: Finnish Agriculture, Hunting, Forestry and Fishing Net Output at Current Prices (US$ Billion), 2008-2012
Figure 22: Finnish Agriculture, Hunting, Forestry and Fishing Net Output at Current Prices as a Percentage of GDP (%), 2008-2012
Figure 23: Finnish Manufacturing Net Output at Current Prices (US$ Billion), 2008-2012
Figure 24: Finnish Manufacturing Net Output at Current Prices as a Percentage of GDP (%), 2008-2012
Figure 25: Finnish Mining, Manufacturing and Utilities Net Output at Current Prices (US$ Billion), 2008-2012
Figure 26: Finnish Mining, Manufacturing and Utilities Net Output at Current Prices as a Percentage of GDP (%), 2008-2012
Figure 27: Finnish Construction Net Output at Current Prices (US$ Billion), 2008 - 2012
Figure 28: Finnish Construction Output at Current Prices as a Percentage of GDP (%), 2008-2012
Figure 29: Finnish Inflation Rate (%), 2009-2013
Figure 30: Finnish Exports as a Percentage of GDP (%), 2008-2012
Figure 31: Finnish Imports as a Percentage of GDP (%), 2008-2012
Figure 32: Finnish Merchandise Exports Growth (%), 2009-2012
Figure 33: Finnish Merchandise Imports Growth (%), 2009-2012
Figure 34: Finnish Annual Average Exchange Rate US$-EUR, 2009-2013
Figure 35: Finnish Commercial Vehicle Exports - Total Value (US$ Million), 2009-2013
Figure 36: Finnish Commercial Vehicle Imports - Total Value (US$ Million), 2009-2013
Figure 37: Finnish Automotive Exports - Total Value (US$ Million), 2009-2013
Figure 38: Finnish Automotive Imports - Total Value (US$ Billion), 2009-2013
Figure 39: Finnish Internet Subscriptions (Million), 2009-2013
Figure 40: Finnish Size of Labor Force (Million), 2008-2012
Figure 41: Finnish Unemployment Rate (%), 2009-2013
Figure 42: Finnish Household Consumption Expenditure (US$ Billion), 2009-2013
Figure 43: Finnish Total Population (Million), 2009-2013
Figure 44: Finnish Urban and Rural Populations (%), 2009-2013
Figure 45: Finnish Population Distribution by Age (%), 2009-2013
Figure 46: Finnish Life Expectancy (Number of Years), 2009-2013
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