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The Insurance Industry in Liechtenstein, Key Trends and Opportunities to 2017

The Insurance Industry in Liechtenstein, Key Trends and Opportunities to 2017

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Price $1,950.00
Meta Description The Insurance Industry in Liechtenstein, Key Trends and Opportunities to 2017
Publisher Timetric
Date of Report Nov 1, 2013
Quick Overview
Synopsis
The report provides in depth industry analysis, information and insights into the insurance industry in Liechtenstein, including:
• The Liechtenstein insurance industry’s growth prospects by insurance segments and sub-segments
• The competitive landscape in the Liechtenstein insurance industry
• The current trends and drivers of the Liechtenstein insurance industry
• The challenges facing the Liechtenstein insurance industry
• The regulatory framework of the Liechtenstein insurance industry

Summary
Liechtenstein’s insurance industry is primarily driven by offshore business and is the only insurance centre which offers insurance undertakings with direct access to Switzerland and European Economic Area (EEA) countries. Despite unfavorable demographics and economic factors including a small population and GDP size, Liechtenstein’s insurance industry has undergone significant developments over the past decade and this is being supported by the government’s commercial tie-ups with Switzerland and an increasing demand for life insurance policies in key overseas markets such as Italy, Germany and Switzerland.

Scope
This report provides a comprehensive analysis of the insurance industry in Liechtenstein:
• It provides historical values for the Liechtenstein insurance industry 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 segments and sub-segments in the Liechtenstein insurance industry, along with forecasts until 2017
• It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets, total investment income and retentions
• It profiles the top insurance companies in Liechtenstein and outlines the key regulations affecting them

Reasons To Buy
• Make strategic business decisions using in depth historic and forecast industry data related to the Liechtenstein insurance industry and each segment within it
• Understand the demand-side dynamics, key trends and growth opportunities within the Liechtenstein insurance industry
• Assess the competitive dynamics in the Liechtenstein insurance industry
• Identify the growth opportunities and market dynamics within key segments
• Gain insights into key regulations governing the Liechtenstein insurance industry and its impact on companies and the industry's future

Key Highlights
• Liechtenstein’s insurance industry is primarily driven by offshore business and over 99% of revenues were generated from EU and Swiss markets in 2011.
• Liechtenstein’s insurance industry is among the most popular destinations for EU and Swiss insurers due its favorable regulatory framework and the government’s commercial tie-ups with member states and Switzerland.
• Growth within the life insurance segment is being attributed to increasing demand for fund and unit-linked products, while growth in the non-life and personal accident and health insurance segments is being driven by compulsory insurance for building, health and fire.
• The country’s stable socioeconomic environment, combined with a robust financial policy, low interest rates and constructive tax legislation, are considered key factors in encouraging foreign investment.
• Health insurance is compulsory in Liechtenstein. The mandatory policy can be bought from insurers operating in Liechtenstein, Switzerland and EEA countries. However, students from EU member states are legally insured in their own country and do not require a separate policy.
Table of Contents
Table of Contents
1 Executive Summary
2 Introduction
2.1 What is this Report About?
2.2 Definitions
2.3 Methodology
3 Liechtenstein Insurance Industry Overview
3.1 Industry Overview
3.2 Liechtenstein Insurance Industry – Market Size, 2008–2017
3.3 Key Industry Trends and Drivers
3.4 Challenges
3.5 Regulation
4 Industry Segmentation
4.1 Life Insurance
4.2 Non-Life Insurance
4.2.1 Property insurance category
4.2.2 Motor insurance category
4.2.3 Liability insurance category
4.2.4 Marine, aviation and transit insurance category
4.3 Personal Accident and Health Insurance
5 Reinsurance
6 Competitive Landscape
6.1 Overview
6.2 Leading Companies
6.2.1 Valorlife Life Insurance Limited – company overview
6.2.2 Baloise Life (Liechtenstein) AG – company overview
6.2.3 Elips Life AG – company overview
7 Macroeconomic Indicators
7.1 GDP at Constant Prices (US dollars)
7.2 GDP Per Capita at Constant Prices (US dollar)
7.3 GDP at Current Prices (US dollars)
7.4 Exports as a Percentage of GDP
7.5 Imports as a Percentage of GDP
8 Appendix
8.1 Methodology
8.1 Contact Us
8.2 About Timetric
8.3 Disclaimer

List of Tables
Table 1: Insurance Industry Definitions
Table 2: Liechtenstein Insurance Overall Written Premium by Segment (CHF Billion), 2008–2012
Table 3: Liechtenstein Insurance Overall Written Premium by Segment (US$ Billion), 2008–2012
Table 4: Liechtenstein Insurance Overall Written Premium by Segment (CHF Billion), 2012–2017
Table 5: Liechtenstein Insurance Overall Written Premium by Segment (US$ Billion), 2012–2017
Table 6: Liechtenstein Insurance Segmentation (% Share), 2008–2017
Table 7: Liechtenstein Life Insurance Segment – Written Premium (CHF Billion), 2008–2012
Table 8: Liechtenstein Life Insurance Segment – Written Premium (CHF Billion), 2012–2017
Table 9: Liechtenstein Life Insurance Segment – Paid Claims (CHF Billion), 2008–2012
Table 10: Liechtenstein Life Insurance Segment – Paid Claims (CHF Billion), 2012–2017
Table 11: Liechtenstein Life Insurance Segment – Incurred Loss (CHF Billion), 2008–2012
Table 12: Liechtenstein Life Insurance Segment – Incurred Loss (CHF Billion), 2012–2017
Table 13: Liechtenstein Life Insurance Segment – Loss Ratio (%), 2008–2012
Table 14: Liechtenstein Life Insurance Segment – Loss Ratio (%), 2012–2017
Table 15: Liechtenstein Life Insurance Segment – Combined Ratio (%), 2008–2012
Table 16: Liechtenstein Life Insurance Segment – Combined Ratio (%), 2012–2017
Table 17: Liechtenstein Life Insurance Segment – Total Assets (CHF Billion), 2008–2012
Table 18: Liechtenstein Life Insurance Segment – Total Assets (CHF Billion), 2012–2017
Table 19: Liechtenstein Life Insurance Segment – Retentions (CHF Billion), 2008–2012
Table 20: Liechtenstein Life Insurance Segment – Retentions (CHF Billion), 2012–2017
Table 21: Liechtenstein Non-life Insurance Written Premium by Category (CHF Billion), 2008–2012
Table 22: Liechtenstein Non-life Insurance Written Premium by Category (US$ Billion), 2008–2012
Table 23: Liechtenstein Non-life Insurance Written Premium by Category (CHF Billion), 2012–2017
Table 24: Liechtenstein Non-life Insurance Written Premium by Category (US$ Billion), 2012–2017
Table 25: Liechtenstein Non-Life Insurance Segment – Paid Claim (CHF Billion), 2008–2012
Table 26: Liechtenstein Non-Life Insurance Segment – Paid Claim (CHF Billion), 2012–2017
Table 27: Liechtenstein Non-Life Insurance Segment – Loss Ratio (%), 2008–2012
Table 28: Liechtenstein Non-Life Insurance Segment – Loss Ratio (%), 2012–2017
Table 29: Liechtenstein Non-life Insurance Segment – Incurred Loss (CHF Billion), 2008–2012
Table 30: Liechtenstein Non-Life Insurance Segment – Incurred Loss (CHF Billion), 2012–2017
Table 31: Liechtenstein Non-Life Insurance Segment – Combined Ratio (%), 2008–2012
Table 32: Liechtenstein Non-Life Insurance Segment – Combined Ratio (%), 2012–2017
Table 33: Liechtenstein Non-Life Insurance Segment – Total Assets (CHF Billion), 2008–2012
Table 34: Liechtenstein Non-Life Insurance Segment – Total Assets (CHF Billion), 2012–2017
Table 35: Liechtenstein Non-Life Insurance Segment – Retentions (CHF Billion), 2008–2012
Table 36: Liechtenstein Non-Life Insurance Segment – Retentions (CHF Billion), 2012–2017
Table 37: Liechtenstein Property Insurance Category – Written Premium (CHF Billion), 2008–2012
Table 38: Liechtenstein Property Insurance Category – Written Premium (CHF Billion), 2012–2017
Table 39: Liechtenstein Motor Insurance Category – Written Premium (CHF Billion), 2008–2012
Table 40: Liechtenstein Motor Insurance Category – Written Premium (CHF Billion), 2012–2017
Table 41: Liechtenstein Liability Insurance Category – Written Premium (CHF Billion), 2008–2012
Table 42: Liechtenstein Liability Insurance Category – Written Premium (CHF Billion), 2012–2017
Table 43: Liechtenstein Marine, Aviation and Transit Insurance Category – Written Premium (CHF Billion), 2008–2012
Table 44: Liechtenstein Marine, Aviation and Transit Insurance Category – Written Premium (CHF Billion), 2012–2017
Table 45: Liechtenstein Personal Accident and Health Insurance Segment – Written Premium (CHF Billion), 2008–2012
Table 46: Liechtenstein Personal Accident and Health Insurance Segment – Written Premium (CHF Billion), 2012–2017
Table 47: Liechtenstein Personal Accident and Health Insurance Segment– Paid Claim (CHF Billion), 2008–2012
Table 48: Liechtenstein Personal Accident and Health Insurance Segment – Paid Claim (CHF Billion), 2012–2017
Table 49: Liechtenstein Personal Accident and Health Insurance Segment – Loss Ratio (%), 2008–2012
Table 50: Liechtenstein Personal Accident and Health Insurance Segment – Loss Ratio (%), 2012–2017
Table 51: Liechtenstein Personal Accident and Health Insurance Segment Incurred Loss (CHF Billion), 2008–2012
Table 52: Liechtenstein Personal Accident and Health Insurance Segment – Incurred Loss (CHF Billion), 2012–2017
Table 53: Liechtenstein Personal Accident and Health Insurance Segment – Combined Ratio (%), 2008–2012
Table 54: Liechtenstein Personal Accident and Health Insurance Segment – Combined Ratio (%), 2012–2017
Table 55: Liechtenstein Personal Accident and Health Insurance Segment – Total Assets (CHF Billion), 2008–2012
Table 56: Liechtenstein Personal Accident and Health Insurance Segment – Total Assets (CHF Billion), 2012–2017
Table 57: Liechtenstein Personal Accident and Health Insurance Segment – Retentions (CHF Billion), 2008–2012
Table 58: Liechtenstein Personal Accident and Health Insurance Segment – Retentions (CHF Billion), 2012–2017
Table 59: Liechtenstein Reinsurance Ceded by Insurance Segment (CHF Billion), 2008–2012
Table 60: Liechtenstein Reinsurance Ceded by Insurance Segment (US$ Billion), 2008–2012
Table 61: Liechtenstein Reinsurance Ceded by Insurance Segment (CHF Billion), 2012–2017
Table 62: Liechtenstein Reinsurance Ceded by Insurance Segment (US$ Billion), 2012–2017
Table 63: Liechtenstein Life Insurance Segment – Percentage of Reinsurance Ceded (%), 2008–2012
Table 64: Liechtenstein Life Insurance Segment – Percentage of Reinsurance Ceded (%), 2012–2017
Table 65: Liechtenstein Non-Life Insurance Segment – Percentage of Reinsurance Ceded (%), 2008–2012
Table 66: Liechtenstein Non-Life Insurance Segment – Percentage of Reinsurance Ceded (%), 2012–2017
Table 67: Liechtenstein Personal Accident and Health Insurance Segment – Percentage of Reinsurance Ceded (%), 2008–2012
Table 68: Liechtenstein Personal Accident and Health Insurance Segment – Percentage of Reinsurance Ceded (%), 2012–2017
Table 69: Valorlife Life Insurance Limited, Main Products
Table 70: Baloise Life (Liechtenstein) AG, Main Products
Table 71: Baloise Life (Liechtenstein) AG, Key Employees
Table 72: Elips Life AG, Main Products
Table 73: Elips Life AG, Key Employees

List of Figures
Figure 1: Liechtenstein Insurance Overall Written Premium by Segment (CHF Billion), 2008–2017
Figure 2: Liechtenstein Insurance Market Dynamics by Segment, 2008–2017
Figure 3: Evolution of Liechtenstein Insurance Industry
Figure 4: Liechtenstein Life Insurance Segment – Written Premium (CHF Billion), 2008–2012
Figure 5: Liechtenstein Life Insurance Segment – Written Premium (CHF Billion), 2012–2017
Figure 6: Liechtenstein Life Insurance Segment – Paid Claims (CHF Billion), 2008–2012
Figure 7: Liechtenstein Life Insurance Segment – Paid Claims (CHF Billion), 2012–2017
Figure 8: Liechtenstein Life Insurance Segment – Incurred Loss (CHF Billion), 2008–2012
Figure 9: Liechtenstein Life Insurance Segment – Incurred Loss (CHF Billion), 2012–2017
Figure 10: Liechtenstein Life Insurance Segment – Loss Ratio (%), 2008–2012
Figure 11: Liechtenstein Life Insurance Segment – Loss Ratio (%), 2012–2017
Figure 12: Liechtenstein Life Insurance Segment – Combined Ratio (%), 2008–2012
Figure 13: Liechtenstein Life Insurance Segment – Combined Ratio (%), 2012–2017
Figure 14: Liechtenstein Life Insurance Segment – Total Assets (CHF Billion), 2008–2012
Figure 15: Liechtenstein Life Insurance Segment – Total Assets (CHF Billion), 2012–2017
Figure 16: Liechtenstein Life Insurance Segment – Retentions (CHF Billion), 2008–2012
Figure 17: Liechtenstein Life Insurance Segment – Retentions (CHF Billion), 2012–2017
Figure 18: Liechtenstein Non-Life Insurance Written Premium by Category (CHF Billion), 2008–2017
Figure 19: Liechtenstein Non-Life Insurance Written Premium by Category (Percentage Share), 2012 and 2017
Figure 20: Liechtenstein Non-Life Insurance Market Dynamics by Category, 2008–2017
Figure 21: Liechtenstein Non-Life Insurance Segment – Paid Claims by Category (CHF Billion), 2008–2012
Figure 22: Liechtenstein Non-Life Insurance Segment – Paid Claims (CHF Billion), 2012–2017
Figure 23: Liechtenstein Non-Life Insurance Segment – Loss Ratio (%), 2008–2012
Figure 24: Liechtenstein Non-Life Insurance Segment – Loss Ratio (%), 2008–2017
Figure 25: Liechtenstein Non-life Insurance Segment – Incurred Loss (CHF Billion), 2008–2012
Figure 26: Liechtenstein Non-Life Insurance Segment – Incurred Loss (CHF Billion), 2012–2017
Figure 27: Liechtenstein Non-Life Insurance Segment – Combined Ratio (%), 2008–2012
Figure 28: Liechtenstein Non-Life Insurance Segment – Combined Ratio (%), 2012–2017
Figure 29: Liechtenstein Non-Life Insurance Segment – Total Assets (CHF Billion), 2008–2012
Figure 30: Liechtenstein Non-Life Insurance Segment – Total Assets (CHF Billion), 2012–2017
Figure 31: Liechtenstein Non-Life Insurance Segment – Retentions (CHF Billion), 2008–2012
Figure 32: Liechtenstein Non-Life Insurance Segment – Retentions (US$ Billion), 2012–2017
Figure 33: Liechtenstein Property Insurance Category – Written Premium (CHF Billion), 2008–2012
Figure 34: Liechtenstein Property Insurance Category – Written Premium (CHF Billion), 2012–2017
Figure 35: Liechtenstein Motor Insurance Category – Written Premium (CHF Billion), 2008–2012
Figure 36: Liechtenstein Motor Insurance Category – Written Premium (CHF Billion), 2012–2017
Figure 37: Liechtenstein Liability Insurance Category – Written Premium (CHF Billion), 2008–2012
Figure 38: Liechtenstein Liability Insurance Category – Written Premium (CHF Billion), 2012–2017
Figure 39: Liechtenstein Marine, Aviation and Transit Insurance Category – Written Premium (CHF Billion), 2008–2012
Figure 40: Liechtenstein Marine, Aviation and Transit Insurance Category – Written Premium (CHF Billion), 2012–2017
Figure 41: Liechtenstein Personal Accident and Health Insurance Segment – Written Premium (CHF Billion), 2008–2012
Figure 42: Liechtenstein Personal Accident and Health Insurance Segment – Written Premium (CHF Billion), 2012–2017
Figure 43: Liechtenstein Personal Accident and Health Insurance Segment – Paid Claims by Category (CHF Billion), 2008–2012
Figure 44: Liechtenstein Personal Accident and Health Insurance Segment – Paid Claims (CHF Billion), 2012–2017
Figure 45: Liechtenstein Personal Accident and Health Insurance Segment – Loss Ratio (%), 2008–2012
Figure 46: Liechtenstein Personal Accident and Health Insurance Segment – Loss Ratio (%), 2008–2017
Figure 47: Liechtenstein Personal Accident and Health Insurance Segment – Incurred Loss (CHF Billion), 2008–2012
Figure 48: Liechtenstein Personal Accident and Health Insurance Segment Incurred Loss (CHF Billion), 2012–2017
Figure 49: Liechtenstein Personal Accident and Health Insurance Segment – Combined Ratio (%), 2008–2012
Figure 50: Liechtenstein Personal Accident and Health Insurance Segment – Combined Ratio (%), 2012–2017
Figure 51: Liechtenstein Personal Accident and Health Insurance Segment – Total Assets (CHF Billion), 2008–2012
Figure 52: Liechtenstein Personal Accident and Health Insurance Segment – Total Assets (CHF Billion), 2012–2017
Figure 53: Liechtenstein Personal Accident and Health Insurance Segment – Retentions (CHF Billion), 2008–2012
Figure 54: Liechtenstein Personal Accident and Health Insurance Segment – Retentions (US$ Billion), 2012–2017
Figure 55: Liechtenstein Reinsurance Ceded by Insurance Segment (CHF Billion), 2008–2017
Figure 56: Liechtenstein Reinsurance Market Dynamics by Insurance Segment, 2008–2017
Figure 57: Liechtenstein Life Insurance Segment – Percentage of Reinsurance Ceded (%), 2008–2012
Figure 58: Liechtenstein Life Insurance Segment – Percentage of Reinsurance Ceded (%), 2012–2017
Figure 59: Liechtenstein Non-Life Insurance Segment – Percentage of Reinsurance Ceded (%), 2008–2012
Figure 60: Liechtenstein Non-Life Insurance Segment – Percentage of Reinsurance Ceded (%), 2012–2017
Figure 61: Liechtenstein Personal Accident and Health Insurance Segment – Percentage of Reinsurance Ceded (%), 2008–2012
Figure 62: Liechtenstein Personal Accident and Health Insurance Segment – Percentage of Reinsurance Ceded (%), 2012–2017
Figure 63: Liechtenstein GDP at Constant Prices (US$ Billion), 2007–2011
Figure 64: Liechtenstein GDP Per Capita at Constant Prices (US$), 2007–2011
Figure 65: Liechtenstein GDP at Current Prices (US$ Billion), 2007–2011
Figure 66: Liechtenstein Exports as a Percentage of GDP (%), 2007–2011
Figure 67: Liechtenstein Imports as a Percentage of GDP, 2007–2011




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