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

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

  • September 2017 •
  • 108 pages •
  • Report ID: 2100605 •
  • Format: PDF
Synopsis
Timetric’s ’Personal Accident and Health Insurance in Latvia, Key Trends and Opportunities to 2020’ report provides a detailed outlook by product category for the Latvian personal accident and health insurance segment, and a comparison of the Latvian insurance industry with its regional counterparts.

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 period (2011–2015) and forecast period (2015–2020).

The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the Latvian 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 Latvia, Key Trends and Opportunities to 2020’ report provides in-depth market analysis, information and insights into the Latvian personal accident and health insurance segment, including:
• An overview of the Latvian personal accident and health insurance segment
• The Latvian personal accident and health insurance segment’s growth prospects by category
• A comprehensive overview of the Latvian economy and demographics
• A comparison of the Latvian personal accident and health insurance segment with its regional counterparts
• The various distribution channels in the Latvian personal accident and health insurance segment
• Details of the competitive landscape in the personal accident and health insurance segment in Latvia
• Details of regulatory policy applicable to the Latvian insurance industry

Scope
This report provides a comprehensive analysis of the personal accident and health insurance segment in Latvia:
• It provides historical values for the Latvian personal accident and health insurance 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 Latvian personal accident and health insurance segment, and market forecasts to 2020.
• It provides a comparison of the Latvian personal accident and health insurance segment with its regional counterparts
• It provides an overview of the various distribution channels for personal accident and health insurance products in Latvia.
• It profiles the top personal accident and health insurance companies in Latvia, 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 Latvian personal accident and health insurance segment, and each category within it.
• Understand the demand-side dynamics, key market trends and growth opportunities in the Latvian personal accident and health insurance segment.
• Assess the competitive dynamics in the personal accident and health insurance segment.
• Identify growth opportunities and market dynamics in key product categories.
• Gain insights into key regulations governing the Latvian insurance industry, and their impact on companies and the industry’s future.

Key Highlights
• The personal accident and health segment accounted for 14.4% of the Latvian insurance industry’s gross written premium in 2015.
• In 2016, 16 companies – both domestic and foreign branches – were members of the Latvian Insurance Association (LIA). All companies provided accident insurance, and 12 provided health cover.
• On August 1, 2017, VIG announced the merger of its Latvian subsidiaries, InterRisk and BTA Baltic, with BTA Baltic being the merged entity. The merger is pending regulatory approval.
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