Boston, MA -- (SBWIRE) -- 02/07/2014 -- The Spanish personal accident and health insurance segment accounted for 14.3% of the insurance industry's written premiums in 2012, the lowest share of all the segments. During the review period (2008-2012), increasing demand for healthcare services and rising levels of healthcare expenditure supported the growth of private health insurance products. The presence of a strong, government-backed national health service (NHS) makes the private health insurance category highly competitive and price wars are frequent. Over the forecast period (2012-2017), the growth of the personal accident and health insurance segment is expected to be driven by the health insurance category, which accounted for the largest segment share of 83.0% in 2012.
The value of the segment is expected to increase from EUR8.0 billion (US$10.3 billion) in 2012 to EUR9.7 billion (US$12.4 billion) in 2017, at a forecast-period CAGR of 3.9%.

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Key Highlights

- The presence of efficient, free and compulsory public health insurance has left little scope for Spanish private health insurance.
- As the Spanish government plans to reduce healthcare spending in the country, people are expected to move towards private healthcare services.
- The rise in Spain's aging population is expected to change the country's demographic structure over the forecast period.
- Most accident insurance policies are taken out by employers, and due to the economic crisis and increasing unemployment in the country, the personal accident category registered a decline in written premiums.
- Travel insurance was the fastest-growing category in terms of written premium, recording a review-period CAGR of 10.6%.

Scope

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

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

Reasons to Get This Report

Companies Mentioned in this Report: Adeslas Segur Caixa, Sanitas SA de Seguros, ASISA Somos Medicos, Mapfre Caja Salud, DKV Seguros, Caser Seguros SA, Asistencia Sanitaria Colegial, Mutua Madrilena Aresa, IMQ tu Seguro Medico, Axa Winterthur Salud SA de Seguros

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