Personal Accident and Health Insurance Premiums and Claims in Germany to 2017: Market Brief by Timetric

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									Personal Accident and Health
Insurance Premiums and Claims in
Germany to 2017: Market Brief


Reference Code: IN4322MB
Published: September 2013




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TABLE OF CONTENTS

1         INTRODUCTION ...........................................................................................................5
    1.1      What is this Report About? .................................................................................................. 5
    1.2      Definitions ........................................................................................................................... 5
2         PREMIUMS ...................................................................................................................6
    2.1      Gross Written Premiums ..................................................................................................... 6
    2.2      Gross Written Premium Forecast ........................................................................................ 7
    2.3      Premiums Per Capita .......................................................................................................... 8
    2.4      Premiums Per Capita Forecast ........................................................................................... 9
    2.5      Insurance Penetration ....................................................................................................... 10
    2.6      Insurance Penetration Forecast ........................................................................................ 11
3         CLAIMS ......................................................................................................................12
    3.1      Gross Claims .................................................................................................................... 12
    3.2      Gross Claims Forecast ...................................................................................................... 13
    3.3      Paid Claims ....................................................................................................................... 14
    3.4      Paid Claims Forecast ........................................................................................................ 15
    3.5      Incurred Loss .................................................................................................................... 16
    3.6      Incurred Loss Forecast...................................................................................................... 17
    3.7      Loss Ratio % ..................................................................................................................... 18
    3.8      Loss Ratio % Forecast ...................................................................................................... 19
    3.9      Combined Ratio % ............................................................................................................ 20
    3.10     Combined Ratio % Forecast.............................................................................................. 21
4         APPENDIX ..................................................................................................................22
    4.1      Methodology ..................................................................................................................... 22
    4.2      Contact Us ........................................................................................................................ 22
    4.3      About Timetric ................................................................................................................... 22
    4.4      Our Services ..................................................................................................................... 22
    4.5      Disclaimer ......................................................................................................................... 24




Personal Accident and Health Insurance Premiums and Claims in Germany to
2017: Market Brief                                                                                                                          Page 2
© Timetric. This product is licensed and is not to be photocopied
                                                                                                                     Published: September 2013
LIST OF TABLES

Table 1: Insurance Industry Definitions ................................................................................................................5
Table 2: German Personal Accident and Health Insurance Gross Written Premiums (US$ Million), 2008-20126
Table 3: German Personal Accident and Health Insurance Gross Written Premiums (EUR Billion), 2008-20126
Table 4: German Personal Accident and Health Insurance Gross Written Premiums (US$ Million), 2012-20177
Table 5: German Personal Accident and Health Insurance Gross Written Premiums (EUR Billion), 2012-20177
Table 6: German Personal Accident and Health Insurance Premiums Per Capita (US$), 2008-2012 ...............8
Table 7: German Personal Accident and Health Insurance Premiums Per Capita (EUR), 2008-2012 ..............8
Table 8: German Personal Accident and Health Insurance Premiums Per Capita (US$), 2012-2017 ................9
Table 9: German Personal Accident and Health Insurance Premiums Per Capita (EUR), 2012-2017 ...............9
Table 10: German Personal Accident and Health Insurance Penetration (% of GDP), 2008-2012 .................. 10
Table 11: German Personal Accident and Health Insurance Penetration (% of GDP), 2012-2017 .................. 11
Table 12: German Personal Accident and Health Insurance Gross Claims (US$ Million), 2008-2012 ............ 12
Table 13: German Personal Accident and Health Insurance Gross Claims (EUR Billion), 2008-2012 ............ 12
Table 14: German Personal Accident and Health Insurance Gross Claims (US$ Million), 2012-2017 ............ 13
Table 15: German Personal Accident and Health Insurance Gross Claims (EUR Billion), 2012-2017 ............ 13
Table 16: German Personal Accident and Health Insurance Paid Claims (US$ Million), 2008-2012 ............... 14
Table 17: German Personal Accident and Health Insurance Paid Claims (EUR Billion), 2008-2012 ............... 14
Table 18: German Personal Accident and Health Insurance Paid Claims (US$ Million), 2012-2017 ............... 15
Table 19: German Personal Accident and Health Insurance Paid Claims (EUR Billion), 2012-2017 ............... 15
Table 20: German Personal Accident and Health Insurance Incurred Loss (US$ Million), 2008-2012 ............ 16
Table 21: German Personal Accident and Health Insurance Incurred Loss (EUR Billion), 2008-2012 ............ 16
Table 22: German Personal Accident and Health Insurance Incurred Loss (US$ Million), 2012-2017 ............ 17
Table 23: German Personal Accident and Health Insurance Incurred Loss (EUR Billion), 2012-2017 ............ 17
Table 24: German Personal Accident and Health Insurance Loss Ratio % (Percentage), 2008-2012 ............ 18
Table 25: German Personal Accident and Health Insurance Loss Ratio % (Percentage ), 2012-2017 ........... 19
Table 26: German Personal Accident and Health Insurance Combined Ratio % (Percentage), 2008-2012 .... 20
Table 27: German Personal Accident and Health Insurance Combined Ratio % (Percentage), 2012-2017 .... 21




Personal Accident and Health Insurance Premiums and Claims in Germany to
2017: Market Brief                                                                                                                             Page 3
© Timetric. This product is licensed and is not to be photocopied
                                                                                                                       Published: September 2013
LIST OF FIGURES

Figure 1: German Personal Accident and Health Insurance Gross Written Premiums (US$ Million), 2008-2012
..............................................................................................................................................................................6
Figure 2: German Personal Accident and Health Insurance Gross Written Premiums (US$ Million), 2012-2017
..............................................................................................................................................................................7
Figure 3: German Personal Accident and Health Insurance Premiums Per Capita (US$), 2008-2012 ..............8
Figure 4: German Personal Accident and Health Insurance Premiums Per Capita (US$) 2012-2017 ................9
Figure 5: German Personal Accident and Health Insurance Penetration (% of GDP), 2008-2012................... 10
Figure 6: German Personal Accident and Health Insurance Penetration (% of GDP) 2012-2017.................... 11
Figure 7: German Personal Accident and Health Insurance Gross Claims (US$ Million), 2008-2012 ............. 12
Figure 8: German Personal Accident and Health Insurance Gross Claims (US$ Million), 2012-2017 ............. 13
Figure 9: German Personal Accident and Health Insurance Paid Claims (US$ Million), 2008-2012................ 14
Figure 10: German Personal Accident and Health Insurance Paid Claims (US$ Million), 2012-2017 ............. 15
Figure 11: German Personal Accident and Health Insurance Incurred Loss (US$ Million), 2008-2012 ........... 16
Figure 12: German Personal Accident and Health Insurance Incurred Loss (US$ Million), 2012-2017 ........... 17
Figure 13: German Personal Accident and Health Insurance Loss Ratio % (Percentage), 2008-2012 ........... 18
Figure 14: German Personal Accident and Health Insurance Loss Ratio % (Percentage ) 2012-2017 ........... 19
Figure 15: German Personal Accident and Health Insurance Combined Ratio % (Percentage), 2008-2012 .. 20
Figure 16: German Personal Accident and Health Insurance Combined Ratio % (Percentage) ,2012-2017 .. 21




Personal Accident and Health Insurance Premiums and Claims in Germany to
2017: Market Brief                                                                                                                                                 Page 4
© Timetric. This product is licensed and is not to be photocopied
                                                                                                                                         Published: September 2013
1 INTRODUCTION

1.1    What is this Report About?

       This report is the result of extensive research into the personal accident and health insurance market in
       Germany, providing historic and forecast data on the following life insurance premiums and claims
       segments -

       Premiums
              Gross Written Premiums
              Premiums Per Capita
              Insurance Penetration
       Claims
              Gross Claims
              Paid Claims
              Incurred Loss
              Loss Ratio%
              Combined Ratio


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 2012 average annual conversion rate. All values in tables are displayed to one or two
       decimal places. As such, growth rates may appear inconsistent with absolute values due to rounding.

       For the purposes of this report, the review period is 2008–2012 and the forecast period is 2012–2017.

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

       Table 1: Insurance Industry Definitions
        Term                       Definition
                                   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.

                                   Gross claim is the amount payable by an insurance company before allowances is made for credits that
        Gross Claim
                                   may be due in the form of reinsurance, subrogation or salvage.

        Gross Written              The total amount of premiums (before deduction of reinsurance costs) customers are required to pay for
        Premium                    insurance policies written during the year.

        Insurance Density and
                                   Insurance density is the percentage of total written premium to the GDP of a country.
        Penetration

                                   The loss ratio is the ratio of total losses paid out in the form of claims plus adjustment expenses divided
        Loss Ratio%
                                   by the total earned premium.

                                   The per capita premium is the per capita spending on insurance premiums in a country. It is the ratio of
        Per Capita Premium
                                   the total written premium to the total population of a country.

                                   Premium ceded is the share of the premiums transferred to a reinsurance company by a primary
        Premium Ceded
                                   insurer.

       Source: Timetric analysis                                                                                                   © Timetric



Personal Accident and Health Insurance Premiums and Claims in Germany to
2017: Market Brief                                                                                                                  Page 5
© Timetric. This product is licensed and is not to be photocopied
                                                                                                              Published: September 2013
2 PREMIUMS
2.1 Gross Written Premiums

The total amount of gross wri
								
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