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Personal Accident and Health Insurance in Portugal, Key Trends and Opportunities to 2017 - New Market Study Published

Recently published research from Timetric, "Personal Accident and Health Insurance in Portugal, Key Trends and Opportunities to 2017", is now available at Fast Market Research

 

Boston, MA -- (ReleaseWire) -- 01/07/2014 -- The Portuguese healthcare system is well developed and is characterized by a mix of public and private systems. The written premium of the Portuguese personal accident and health insurance segment declined from EUR1.4 billion (US$2.0 billion) in 2008 to EUR1.2 billion (US$1.5 billion) in 2012, at a compound annual growth rate (CAGR) of -3.4% during the review period (2008-2012). The troubled state of the economy, rising unemployment and a decline in disposable income has led to a decline in demand for personal accident and health insurance products. Over the forecast period (2012-2017), declining government health spending, rising healthcare costs and an aging population will act as catalysts for the growth of the personal accident and health segment.

Key Highlights

- According to the Portuguese Health Regulatory Authority, around 30% of total healthcare expenditure is from the private sector, and mainly consists of out-of-pocket payments such as co-payments and direct payments by the patient
- The ongoing government austerity measures and decline in disposable income have led to a decline in demand for personal accident and health insurance products
- The segment registered a review-period CAGR of -3.4%, with gross written premiums declining from EUR1.4 billion (US$2.0 billion) in 2008 to EUR1.2 billion (US$1.5 billion) in 2012
- Agencies recorded the largest share of total commission with 61.0% at the end of 2012
- The Portuguese personal accident and health insurance segment is highly concentrated, with the 10-leading companies accounting for 83.9% of the total segment's written premiums in 2012

View Full Report Details and Table of Contents

Scope

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

- It provides historical values for the Portuguese personal accident and health 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 personal accident and health insurance segment, along with market 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 Portugal
- Using Porter's industry-standard "Five Forces" analysis, it details the competitive landscape in Portugal for the personal accident and health insurance segment
- It provides a detailed analysis of the reinsurance segment in Portugal and its growth prospects
- It profiles the top personal accident and health insurance companies in Portugal and outlines the key regulations affecting them

Reasons to Get This Report

Companies Mentioned in this Report: Companhia de Seguros Fidelidade Mundial SA, Ocidental Companhia Portuguesa de Seguros, SA, Companhia de Seguros Allianz Portugal SA, Companhia de Seguros Tranquilidade, SA, Companhia de Seguros Acoreana, SA, Axa Portugal Companhia de Seguros, SA, Lusitania, Companhia de Seguros SA, Zurich Insurance Plc - Sucursal em Portugal, Generali Companhia de Seguros, SpA, Victoria Seguros de Vida, SA

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