Liability Insurance in Iceland to 2020: Market Size, Growth and Forecast Analytics

Liability Insurance in Iceland to 2020: Market Size, Growth and Forecast Analytics

  • November 2017 •
  • 53 pages •
  • Report ID: 5223367 •
  • Format: PDF
Synopsis
Timetric’s "Liability Insurance in Iceland to 2020: Market Size, Growth and Forecast Analytics" contains detailed historic and forecast data covering Liability Insurance in Iceland. This databook provides values for key performance indicators such as policies and premiums (gross written premiums, direct written premiums, net written premiums, net earned premiums, net written premiums (% of GWP) and insurance penetration (ratio of direct premiums to GDP) ), claims & expenses (gross claims, paid claims, change in outstanding reserves, incurred loss and loss ratio (%)) and segmented by product type (workmen’s compensation/industrial accident/employer’s liability and other liability).

The research handbook provides the up-to-date market data for period 2011-2015 and illustrative forecast to 2020. Values in the handbook are depicted in USD ($) and local currency by country and number of active policies are represented in millions.

Summary
Liability insurance is a part of the general insurance system of risk financing to protect the purchaser (the "insured") from the risks of liabilities imposed by lawsuits and similar claims. It protects the insured in the event he or she is sued for claims that come within the coverage of the insurance policy. Examples of liability insurance include Directors & Officers Liability, Workmen’s Compensation & Professional Liability.

The total amount of gross written premiums in the liability insurance in Iceland is valued at ISKx.xx billion (US$xxx.xx billion) in 2015, which is a decrease of x.xx% from 2011. The category has recorded a CARC of x.xx% during the review period (2011-2015).

Liability Insurance in Iceland to 2020: Market Size, Growth and Forecast Analytics provides a top-level overview and detailed insight into the operating environment of Insurance industry in Iceland. It is an essential tool for companies active across the Iceland value chain and for new players considering to enter the market.

Scope
Liability Insurance in Iceland to 2020: Market Size, Growth and Forecast Analytics provides you with the following:
• Overall values of policies and premiums and claims & expenses in the Liability Insurance
• Values of policies and premiums by product type (workmen’s compensation/industrial accident/employer’s liability and other liability)

Reasons To Buy
• Understand the non-life insurance industry covering liability insurance life in Iceland.
• Enhance your knowledge of the market with a breakdown of data including gross written premiums, direct written premiums, net written premiums, net earned premiums, net written premiums (% of GWP) and insurance penetration (ratio of direct premiums to GDP), gross claims, paid claims, change in outstanding reserves, incurred loss and loss ratio (%) and segmented by product type (workmen’s compensation/industrial accident/employer’s liability and other liability).
• Allows you to plan future business decisions using the forecast figures given for the segment.
• The broad but detailed perspective will help all the companies in the Insurance industry to understand and succeed in the challenging market.
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