Press release
Personal Accident and Health Insurance in Lithuania Market 2017- By Plan Future Business Decisions Using the Forecast Figures 2021
WiseGuyReports published new report, titled “Personal Accident and Health Insurance in Lithuania”Synopsis
'Personal Accident and Health Insurance in Lithuania Key Trends and Opportunities to 2021' report provides a detailed outlook by product category for the Lithuanian personal accident and health insurance segment, and a comparison of the Lithuanian insurance industry with its regional counterparts.
It provides key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets, total investment income and retentions during the review period (2012–2016) and forecast period (2016–2021).
The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the Lithuanian economy and demographics, and provides detailed information on the competitive landscape in the country.
The report brings together research, modeling and analysis expertise, giving insurers access to information on segment dynamics and competitive advantages, and profiles of insurers operating in the country. The report also includes details of insurance regulations and recent changes in the regulatory structure.
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Summary
'Personal Accident and Health Insurance in Lithuania Key Trends and Opportunities to 2021' report provides in-depth market analysis, information and insights into the Lithuanian personal accident and health insurance segment, including:
• An overview of the Lithuanian personal accident and health insurance segment
• The Lithuanian personal accident and health insurance segment’s growth prospects by category
• A comprehensive overview of the Lithuanian economy and demographics
• A comparison of the Lithuanian personal accident and health insurance segment with its regional counterparts
• The various distribution channels in the Lithuanian personal accident and health insurance segment
• Details of the competitive landscape in the personal accident and health insurance segment in Lithuania
• Details of regulatory policy applicable to the Lithuanian insurance industry
Scope
This report provides a comprehensive analysis of the personal accident and health insurance segment in Lithuania:
• It provides historical values for the Lithuanian personal accident and health insurance segment for the report’s 2012–2016 review period, and projected figures for the 2016–2021 forecast period.
• It offers a detailed analysis of the key categories in the Lithuanian personal accident and health insurance segment, and market forecasts to 2021.
• It provides a comparison of the Lithuanian personal accident and health insurance segment with its regional counterparts.
• It provides an overview of the various distribution channels for personal accident and health insurance products in Lithuania.
• It profiles the top personal accident and health insurance companies in Lithuania, and outlines the key regulations affecting them.
Key points to buy
• Make strategic business decisions using in-depth historic and forecast market data related to the Lithuanian personal accident and health insurance segment, and each category within it.
• Understand the demand-side dynamics, key market trends and growth opportunities in the Lithuanian personal accident and health insurance segment.
• Assess the competitive dynamics in the personal accident and health insurance segment.
• Identify growth opportunities and market dynamics in key product categories.
• Gain insights into key regulations governing the Lithuanian insurance industry, and their impact on companies and the industry's future.
Key Highlights
• The personal accident and health segment accounted for 8.3% of the Lithuanian insurance industry in 2016.
• Solvency II came into effect on January 1, 2016. It is based on three pillars: risk-based quantitative requirements; governance and supervision; and disclosure and transparency.
• Until 2015, the Bank of Lithuania considered personal accident and sickness a part of non-life insurance, although life companies sold health insurance as a supplement to main life policies. From 2016, health insurance is a part of life insurance, and medical expense insurance is considered a non-life insurance product.
Table of Contents
1 Key Facts and Highlights
2 Executive Summary
3 Economy and Demographics
4 Segment Outlook
5 Distribution Channel Outlook
6 Competitive Landscape
7 Governance, Risk and Compliance
8 Databook
9 Definitions and Methodology
..CONTINUED
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Wise Guy Reports is part of the Wise Guy Research Consultants Pvt. Ltd. and offers premium progressive statistical surveying, market research reports, analysis & forecast data for industries and governments around the globe.
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