Life Insurance Claims and Expenses in Austria to 2016: Market Databook by Timetric

VIEWS: 1 PAGES: 24

More Info
									Life Insurance Claims and Expenses in
Austria to 2016: Market Databook


Reference Code: IN1441DB
Published: July 2012




John Carpenter House
7 Carmelite Street
London
EC4Y 0BS
United Kingdom
Tel: +44 (0)20 7936 6400
Fax: +44 (0)20 7336 6813




                                www.timetric.com
TABLE OF CONTENTS

1         INTRODUCTION ...........................................................................................................5
    1.1      What is this Report About? .................................................................................................. 5
    1.2      Definitions ........................................................................................................................... 5
2         INDUSTRY ANALYSIS .................................................................................................7
    2.1      Gross Claims ...................................................................................................................... 7
    2.2      Gross Claims Forecast ........................................................................................................ 8
    2.3      Paid Claims ......................................................................................................................... 9
    2.4      Paid Claims Forecast ........................................................................................................ 10
    2.5      Incurred Loss .................................................................................................................... 11
    2.6      Incurred Loss Forecast...................................................................................................... 12
    2.7      Loss Ratio % ..................................................................................................................... 13
    2.8      Loss Ratio % Forecast ...................................................................................................... 14
    2.9      Commissions and Expenses ............................................................................................. 15
    2.10     Commissions and Expenses Forecast .............................................................................. 16
    2.11     Combined Ratio % ............................................................................................................ 17
    2.12     Combined Ratio % Forecast.............................................................................................. 18
    2.13     Insurance Fraud and Crimes ............................................................................................. 19
    2.14     Insurance Fraud and Crimes Forecast .............................................................................. 20
    2.15     Change in Outstanding Reserves ...................................................................................... 21
    2.16     Change in Outstanding Reserves Forecast ....................................................................... 22
3         APPENDIX ..................................................................................................................23
    3.1      Methodology ..................................................................................................................... 23
    3.2      Contact Us ........................................................................................................................ 23
    3.3      About Timetric ................................................................................................................... 23
    3.4      Disclaimer ......................................................................................................................... 24




Life Insurance Claims and Expenses in Austria to 2016: Market Databook
                                                                                                                                            Page 2
© Timetric. This product is licensed and is not to be photocopied
                                                                                                                             Published: July 2012
LIST OF TABLES

Table 1: Insurance Industry Definitions ................................................................................................................5
Table 2: Austrian Life Insurance Claims and Expenses; Gross Claims (US$ Billion), 2007-2011.......................7
Table 3: Austrian Life Insurance Claims and Expenses; Gross Claims (EUR Billion), 2007-2011 ......................7
Table 4: Austrian Life Insurance Claims and Expenses; Gross Claims (US$ Billion), 2011-2016.......................8
Table 5: Austrian Life Insurance Claims and Expenses; Gross Claims (EUR Billion), 2011-2016 ......................8
Table 6: Austrian Life Insurance Claims and Expenses; Paid Claims (US$ Billion), 2007-2011 .........................9
Table 7: Austrian Life Insurance Claims and Expenses; Paid Claims (EUR Billion), 2007-2011 ........................9
Table 8: Austrian Life Insurance Claims and Expenses; Paid Claims (US$ Billion), 2011-2016 ...................... 10
Table 9: Austrian Life Insurance Claims and Expenses; Paid Claims (EUR Billion), 2011-2016 ..................... 10
Table 10: Austrian Life Insurance Claims and Expenses; Incurred Loss (US$ Billion), 2007-2011 ................. 11
Table 11: Austrian Life Insurance Claims and Expenses; Incurred Loss (EUR Billion), 2007-2011 ................. 11
Table 12: Austrian Life Insurance Claims and Expenses; Incurred Loss (US$ Billion), 2011-2016 ................. 12
Table 13: Austrian Life Insurance Claims and Expenses; Incurred Loss (EUR Billion), 2011-2016 ................. 12
Table 14: Austrian Life Insurance Claims and Expenses; Loss Ratio % (Percentage), 2007-2011 ................. 13
Table 15: Austrian Life Insurance Claims and Expenses; Loss Ratio % (Percentage ), 2011-2016 ................ 14
Table 16: Austrian Life Insurance Claims and Expenses; Commissions and Expenses (US$ Billion), 2007-
2011 ................................................................................................................................................................... 15
Table 17: Austrian Life Insurance Claims and Expenses; Commissions and Expenses (EUR Billion), 2007-
2011 ................................................................................................................................................................... 15
Table 18: Austrian Life Insurance Claims and Expenses; Commissions and Expenses (US$ Billion), 2011-
2016 ................................................................................................................................................................... 16
Table 19: Austrian Life Insurance Claims and Expenses; Commissions and Expenses (EUR Billion), 2011-
2016 ................................................................................................................................................................... 16
Table 20: Austrian Life Insurance Claims and Expenses; Combined Ratio % (Percentage), 2007-2011 ........ 17
Table 21: Austrian Life Insurance Claims and Expenses; Combined Ratio % (Percentage), 2011-2016 ........ 18
Table 22: Austrian Life Insurance Claims and Expenses; Insurance Fraud and Crimes (US$ Billion), 2007-
2011 ................................................................................................................................................................... 19
Table 23: Austrian Life Insurance Claims and Expenses; Insurance Fraud and Crimes (EUR Billion), 2007-
2011 ................................................................................................................................................................... 19
Table 24: Austrian Life Insurance Claims and Expenses; Insurance Fraud and Crimes (US$ Billion), 2011-
2016 ................................................................................................................................................................... 20
Table 25: Austrian Life Insurance Claims and Expenses; Insurance Fraud and Crimes (EUR Billion), 2011-
2016 ................................................................................................................................................................... 20
Table 26: Austrian Life Insurance Claims and Expenses; Change in Outstanding Reserves (US$ Billion),
2007-2011 .......................................................................................................................................................... 21
Table 27: Austrian Life Insurance Claims and Expenses; Change in Outstanding Reserves (EUR Billion),
2007-2011 .......................................................................................................................................................... 21
Table 28: Austrian Life Insurance Claims and Expenses; Change in Outstanding Reserves (US$ Billion),
2011-2016 .......................................................................................................................................................... 22
Table 29: Austrian Life Insurance Claims and Expenses; Change in Outstanding Reserves (EUR Billion),
2011-2016 .......................................................................................................................................................... 22




Life Insurance Claims and Expenses in Austria to 2016: Market Databook
                                                                                                                                                               Page 3
© Timetric. This product is licensed and is not to be photocopied
                                                                                                                                              Published: July 2012
LIST OF FIGURES

Figure 1: Austrian Life Insurance Claims and Expenses; Gross Claims (US$ Billion), 2007-2011 .....................7
Figure 2: Austrian Life Insurance Claims and Expenses; Gross Claims (US$ Billion), 2011-2016 .....................8
Figure 3: Austrian Life Insurance Claims and Expenses; Paid Claims (US$ Billion), 2007-2011 ........................9
Figure 4: Austrian Life Insurance Claims and Expenses; Paid Claims (US$ Billion), 2011-2016 ..................... 10
Figure 5: Austrian Life Insurance Claims and Expenses; Incurred Loss (US$ Billion), 2007-2011 .................. 11
Figure 6: Austrian Life Insurance Claims and Expenses; Incurred Loss (US$ Billion), 2011-2016 .................. 12
Figure 7: Austrian Life Insurance Claims and Expenses; Loss Ratio % (Percentage), 2007-2011 .................. 13
Figure 8: Austrian Life Insurance Claims and Expenses; Loss Ratio % (Percentage ) 2011-2016 .................. 14
Figure 9: Austrian Life Insurance Claims and Expenses; Commissions and Expenses (US$ Billion), 2007-2011
........................................................................................................................................................................... 15
Figure 10: Austrian Life Insurance Claims and Expenses; Commissions and Expenses (US$ Billion), 2011-
2016 ................................................................................................................................................................... 16
Figure 11: Austrian Life Insurance Claims and Expenses; Combined Ratio % (Percentage), 2007-2011 ....... 17
Figure 12: Austrian Life Insurance Claims and Expenses; Combined Ratio % (Percentage) ,2011-2016 ....... 18
Figure 13: Austrian Life Insurance Claims and Expenses; Insurance Fraud and Crimes (US$ Billion), 2007-
2011 ................................................................................................................................................................... 19
Figure 14: Austrian Life Insurance Claims and Expenses; Insurance Fraud and Crimes (US$ Billion), 2011-
2016 ................................................................................................................................................................... 20
Figure 15: Austrian Life Insurance Claims and Expenses; Change in Outstanding Reserves (US$ Billion),
2007-2011 .......................................................................................................................................................... 21
Figure 16: Change in Outstanding Reserves (US$ Billion), 2011-2016 ........................................................... 22




Life Insurance Claims and Expenses in Austria to 2016: Market Databook
                                                                                                                                                                  Page 4
© Timetric. This product is licensed and is not to be photocopied
                                                                                                                                                 Published: July 2012
1 INTRODUCTION

1.1    What is this Report About?

       This report is the result of extensive research into the life insurance market in Austria, providing historic
       and forecast data on the following life insurance claims and expenses segments -

            Gross Claims
            Paid Claims
            Change in Outstanding Reserves
            Incurred Loss
            Loss Ratio%
            Commissions and Expenses
            Combined Ratio
            Insurance Fraud and Crimes


1.2    Definitions

       All data is collected in local currency. All conversions into US dollars (US$) of current and forecast data
       are made at the 2011 average annual conversion rate. All values in tables are displayed to one or two
       decimal places.

       For the purposes of this report, the review period is 2007–2011 and the forecast period is 2012–2016.

       The key insurance industry terms covered in the report are defined below:


       Table 1: Insurance Industry Definitions
        Term                    Definition

                                Bancassurance is the partnership between a bank and an insurance company in which the insurance
        Bancassurance
                                company uses the bank sales channel to sell insurance products.

                                Ceding company is the primary insurer which transfers some of its insurance risk by ceding a certain
        Ceding Company
                                portion of its total written premium through an insurance contract.

                                Incurred loss is the sum of claims paid by an insurance company and the change in the provision for
        Incurred Loss
                                outstanding claims, irrespective of whether or not they have been reported.

        Claims Ratio            Claims ratio is claims payable as a percentage of premium income.

                                Commission and Expenses is the sum of acquisition cos
								
To top