Personal Accident and Health Insurance in Cyprus, Key Trends and Opportunities to 2020

Personal Accident and Health Insurance in Cyprus, Key Trends and Opportunities to 2020

  • August 2017 •
  • 88 pages •
  • Report ID: 2065617 •
  • Format: PDF
Synopsis
Timetric’s ’Personal Accident and Health Insurance in Cyprus, Key Trends and Opportunities to 2020’ report provides a detailed analysis of the trends, drivers, challenges in the Cypriot personal accident and health insurance segment.

It provides key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets, total investment income and retentions during the review (2011–2015) and forecast periods (2015–2020).

The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the Cypriot economy and demographics, and provides detailed information on the competitive landscape in the country.

The report brings together Timetric’s research, modeling and analysis expertise, giving insurers access to information on segment dynamics and competitive advantages, and profiles of insurers operating in the country. The report also includes details of insurance regulations, and recent changes in the regulatory structure.

Summary
Timetric’s ’Personal Accident and Health Insurance in Cyprus, Key Trends and Opportunities to 2020’ report provides in-depth market analysis, information and insights into the Cypriot personal accident and health insurance segment, including:
• The segment’s growth prospects by insurance category
• Key trends, drivers and challenges for the segment
• A comprehensive overview of the Cypriot economy and demographics
• The various distribution channels in the segment
• Details of the competitive landscape in the segment
• Details of regulatory policy applicable to the Cypriot insurance industry

Scope
This report provides a comprehensive analysis of the personal accident and health insurance segment in Cyprus:
• It provides historical values for the segment for the report’s 2011–2015 review period, and projected figures for the 2015–2020 forecast period.
• It offers a detailed analysis of the key categories in the segment, and market forecasts to 2020.
• It profiles the top personal accident and health insurance companies in Cypriot and outlines the key regulations affecting them.

Reasons To Buy
• Make strategic business decisions using in-depth historic and forecast market data related to the Cypriot personal accident and health insurance segment and each category within it.
• Understand the demand-side dynamics, key market trends and growth opportunities in the segment.
• Assess the competitive dynamics in the segment.
• Identify growth opportunities and market dynamics in key product categories.
• Gain insights into key regulations governing the Cypriot insurance industry, and their impact on companies and the industry’s future.

Key Highlights
• On June 16, 2017, the House Plenum approved the establishment of the National Health Scheme (NHS), a single payer health financing system that will unify both public and private healthcare facilities for availing health related services.
• Solvency II came into force in Cyprus on January 1, 2016. It is based on three pillars: risk-based quantitative requirements; governance and supervision; and disclosure and transparency.
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