Executive summary

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Scope

• This report provides a comprehensive analysis of the reinsurance market in Austria:
• It provides historical values for the Austrian reinsurance market for the review period (2007–2011) and forecast period (2012–2016)
• It offers a detailed analysis of the key sub-segments in the Austrian reinsurance market, along with market forecasts until 2016
• It provides a detailed analysis of the reinsurance ceded from various direct insurance markets in Austria and its growth prospects
• It profiles the top reinsurance companies in Austria

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Key highlights

• The International Monetary Fund (IMF) projects stable growth for the Austrian economy over the forecast period. This is expected to encourage domestic insurance companies to enhance their sales and increase revenues. Consequently, insurance companies are expected to share a larger proportion of their revenues with reinsurers in order to avoid risks pertaining to floods and other such natural disasters.
• The Austrian reinsurance segment is highly concentrated and consists of both domestic and multinationals.
• Austria has numerous commercial agreements with the world’s leading economies including the US, the UK and Germany. As a result, the country receives high-levels of foreign direct investment (FDI) from the US.
• In 1995, Austria entered the EU. This encouraged overseas investors especially from Germany to look at Austrian ventures and capitalize on the growth opportunities in high margin financial sectors including the insurance industry.

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Reasons to buy

• Make strategic business decisions using in depth historic and forecast market data related to the Austrian reinsurance market and each sector within it
• Understand the demand-side dynamics, key market trends and growth opportunities within the Austrian reinsurance market
• Assess the competitive dynamics in the reinsurance market
• Identify the growth opportunities and market dynamics within key product categories
• Gain insights into key regulations governing the Austrian insurance market and its impact on companies and the market's future

Table of contents

1 Executive Summary
2 Introduction
2.1 What is this Report About?
2.2 Definitions
2.3 Methodology
3 Austrian Insurance Industry Attractiveness
3.1 Insurance Industry Market Size, 2007-2016
3.2 Reinsurance Growth Dynamics and Challenges
3.2.1 Reinsurance market size, 2007-2016
3.2.2 Reinsurance segment size by type of insurance, 2007-2016
4 Key Industry Trends and Drivers
4.1 Fundamental Business Drivers
4.2 Life Insurance Segment Drivers
4.3 Non-Life Insurance Segment Drivers
4.4 Personal Accident and Health Insurance Segment Drivers
5 Competitive Landscape and Strategic Insights
5.1 Overview
5.2 Leading Companies in the Austrian Reinsurance Market
5.3 Generali Holding Vienna AG - Company Overview
5.3.1 Generali Holding Vienna AG - Key facts
5.4 General Reinsurance AG - Company Overview
5.4.1 General Reinsurance AG - key facts
5.5 UNIQA Group Austria - Company Overview
5.5.1 UNIQA Group Austria - key facts
6 Business Environment and Country Risk
6.1 Business Confidence
6.1.1 Business confidence indicator
6.1.2 Market capitalization trend - Vienna Stock Exchange, Austria
6.2 Economic Performance
6.2.1 GDP at constant prices (US dollar)
6.2.2 GDP per capita at constant prices (US dollar)
6.2.3 GDP at current prices (US dollar)
6.2.4 GDP per capita at current prices (US dollar)
6.2.5 GDP by key segments
6.2.6 Agricultural net output at current prices (EUR)
6.2.7 Agricultural net output at current prices (US dollar)
6.2.8 Agricultural net output at current prices as a percentage of GDP
6.2.9 Manufacturing net output at current prices (EUR)
6.2.10 Manufacturing net output at current prices (US dollar)
6.2.11 Manufacturing net output at current prices as a percentage of GDP
6.2.12 Mining, manufacturing and utilities net output at current prices (EUR)
6.2.13 Mining, manufacturing and utilities at current prices (US dollar)
6.2.14 Mining, manufacturing and utilities at current prices, as percentage of GDP
6.2.15 Construction net output at current prices (EUR)
6.2.16 Construction net output at current prices, (US dollar)
6.2.17 Construction net output at current prices as a percentage of GDP
6.2.18 Inflation rate
6.2.19 Current account balance as a percentage of GDP
6.2.20 Exports as a percentage of GDP
6.2.21 Imports as a percentage of GDP
6.2.22 Exports growth
6.2.23 Imports growth
6.2.24 Annual average exchange rate US$-EUR
6.2.25 End-of-period exchange rate US$-EUR
6.3 Infrastructure Quality and Availability
6.3.1 Total airports and sea ports
6.3.2 Railways and roadways
6.3.3 Passenger vehicle production volume
6.3.4 Commercial vehicle production volume
6.3.5 Automotive component exports trend
6.3.6 Automotive component imports trend
6.3.7 Passenger car penetration
6.3.8 Healthcare expenditure
6.3.9 Healthcare expenditure as a percentage of GDP
6.3.10 Healthcare expenditure per capita
6.3.11 Total internet subscribers
6.4 Labor Force
6.4.1 Labor force
6.4.2 Unemployment rate
6.5 Demographics
6.5.1 Annual disposable income
6.5.2 Annual per capita disposable income
6.5.3 Total population
6.5.4 Urban and rural population
6.5.5 Females as a percentage of the total population
6.5.6 Males as a percentage of the total population
6.5.7 Mean age of the population
6.5.8 Median age of population
6.5.9 Population density
6.5.10 Age distribution of the total population
6.5.11 Age distribution of the male population
6.5.12 Age distribution of the female population
6.5.13 Number of households
6.6 Political and Social Risk
6.6.1 Political stability
6.6.2 Terrorism index
6.6.3 Transparency index
7 Appendix
7.1 Methodology
Contact Us
About Timetric
Disclaimer

List of tables

Table 1: Insurance Industry Definitions
Table 2: Austrian Insurance Overall Written Premium by Segment (EUR Billion), 2007-2011
Table 3: Austrian Insurance Overall Written Premium by Segment (US$ Billion), 2007-2011
Table 4: Austrian Insurance Overall Written Premium by Segment (EUR Billion), 2011-2016
Table 5: Austrian Insurance Overall Written Premium by Segment (US$ Billion), 2011-2016
Table 6: Austrian Insurance Segmentation (% Share), 2007-2016
Table 7: Reinsurance Market in Austria by Category (EUR Billion), 2007-2011
Table 8: Reinsurance Market in Austria by Category (US$ Billion), 2007-2011
Table 9: Reinsurance Market in Austria by Category (EUR Billion), 2011-2016
Table 10: Reinsurance Market in Austria by Category (US$ Billion), 2011-2016
Table 11: Premium Ceded to Reinsurance by Type of Insurance (EUR Billion), 2007-2011
Table 12: Premium Ceded to Reinsurance by Type of Insurance (US$ Billion), 2007-2011
Table 13: Premium Ceded to Reinsurance by Type of Insurance (EUR Billion), 2011-2016
Table 14: Premium Ceded to Reinsurance by Type of Insurance (US$ Billion), 2011-2016
Table 15: Life Insurance - Percentage of Reinsurance Ceded (%), 2007-2011
Table 16: Life Insurance - Percentage of Reinsurance Ceded (%), 2011-2016
Table 17: Non-Life Insurance - Percentage of Reinsurance Ceded, 2007-2011
Table 18: Non-Life Insurance - Percentage of Reinsurance Ceded, 2011-2016
Table 19: Personal Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2007-2011
Table 20: Personal Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2011-2016
Table 21: Austrian Reinsurance Segment - Leading Companies, 2011
Table 22: Generali Holding Vienna AG, Key facts
Table 23: General Reinsurance AG, Key facts
Table 24: UNIQA Group Austria, Key facts

List of figures

Figure 1: Austrian Insurance Overall Written Premium by Segment (EUR Billion), 2007-2016
Figure 2: Austrian Insurance Market Dynamics by Segment, 2007-2016
Figure 3: Premium Ceded to Reinsurance by Category (EUR Billion), 2007-2016
Figure 4: Premium Ceded to Reinsurance by Category (% Share), 2011 and 2016
Figure 5: Reinsurance Segment Dynamics by Category, 2007-2016
Figure 6: Premium Ceded to Reinsurance by Type of Insurance (EUR Billion), 2007-2016
Figure 7: Reinsurance Market Dynamics by Type of Insurance, 2007-2016
Figure 8: Life Insurance - Percentage of Reinsurance Ceded (%), 2007-2011
Figure 9: Life Insurance - Percentage of Reinsurance Ceded (%), 2011-2016
Figure 10: Non-Life Insurance - Percentage of Reinsurance Ceded, 2007-2011
Figure 11: Non-Life Insurance - Percentage of Reinsurance Ceded, 2011-2016
Figure 12: Personal Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2007-2011
Figure 13: Personal Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2011-2016
Figure 14: Austrian Business Confidence Indicator, Q12008-Q12012
Figure 15: Vienna Stock Exchange Market Capitalization (US$ Billion), 2007-2011
Figure 16: Austrian GDP at Constant Prices (US$ Billion), 2007-2011
Figure 17: Austrian GDP Per Capita at Constant Prices (US$), 2007-2011
Figure 18: Austrian GDP at Current Prices (US$ Billion), 2007-2011
Figure 19: Austrian GDP Per Capita at Current Prices (US$), 2007-2011
Figure 20: Austrian GDP by Key Segments (%) 2009 and 2011
Figure 21: Austrian Agricultural Net Output at Current Prices (EUR Billion), 2007-2011
Figure 22: Austrian Agricultural Net Output at Current Prices (US$ Billion), 2007-2011
Figure 23: Austrian Agricultural Net Output at Current Prices as a Percentage of GDP (%), 2007-2011
Figure 24: Austrian Manufacturing Net Output at Current Prices (EUR Billion), 2007-2011
Figure 25: Austrian Manufacturing Net Output at Current Prices (US$ Billion), 2007-2011
Figure 26: Austrian Manufacturing Net Output at Current Prices as a Percentage of GDP (%), 2007-2011
Figure 27: Austrian Mining, Manufacturing and Utilities Net Output at Current Prices (EUR Billion), 2007-2011
Figure 28: Austrian Mining, Manufacturing and Utilities Net Output at Current Prices (US$ Billion), 2007-2011
Figure 29: Austrian Mining, Manufacturing and Utilities Net Output at Current Prices as a Percentage of GDP (%), 2007-2011
Figure 30: Austrian Construction Net Output at Current Prices (EUR Billion), 2007-2011
Figure 31: Austrian Construction Net Output at Current Prices (US$ Billion), 2007-2011
Figure 32: Austrian Construction Output at Current Prices as a Percentage of GDP (%), 2007-2011
Figure 33: Austrian Inflation Rate (%), 2007-2011
Figure 34: Austrian Current Account Balance as a Percentage of GDP(%), 2007-2011
Figure 35: Austrian Exports as a Percentage of GDP (%), 2007-2011
Figure 36: Austrian Imports as a Percentage of GDP (%), 2007-2011
Figure 37: Austrian Exports Growth (%), 2007-2011
Figure 38: Austrian Imports Growth (%), 2007-2011
Figure 39: Austrian Annual Average Exchange Rate US$-EUR, 2007-2011
Figure 40: Austrian End-of-Period Exchange Rate US$-EUR, 2007-2011
Figure 41: Austrian Airports and Sea Ports (Number), 2011
Figure 42: Austrian Railways and Roadways (Kilometers), 2011
Figure 43: Austrian Passenger Vehicle Production, 2007-2011
Figure 44: Austrian Commercial Vehicle Production, 2007-2011
Figure 45: Austrian Automotive Component Exports (US$ Billion), 2007-2011
Figure 46: Austrian Automotive Component Imports (US$ Billion), 2007-2011
Figure 47: Austrian Passenger Car Penetration (per thousand people), 2007-2011
Figure 48: Austrian Healthcare Expenditure (US$ Billion), 2007-2011
Figure 49: Austrian Healthcare Expenditure as a Percentage of GDP (%), 2007-2011
Figure 50: Austria Per Capita Healthcare Expenditure (US$), 2007-2011
Figure 51: Austrian Internet Subscriptions (Million), 2007-2011
Figure 52: Austrian Size of Labor Force in 15-59 Age Group (Million), 2007-2011
Figure 53: Austrian Unemployment Rate (%), 2007-2011
Figure 54: Austrian Annual Disposable Income (US$ Billion), 2007-2011
Figure 55: Austrian Annual Per Capita Disposable Income (US$), 2007-2011
Figure 56: Austrian Total Population (Million), 2007-2011
Figure 57: Austrian Urban and Rural Population (%), 2007-2011
Figure 58: Austrian Females as a Percentage of the Total Population (%), 2007-2011
Figure 59: Austrian Males as a Percentage of the Total Population (%), 2007-2011
Figure 60: Austrian Mean Age of Population (Year), 2007-2011
Figure 61: Austrian Median Age of Population (Year), 2007-2011
Figure 62: Austrian Population Density (per Square Kilometer), 2007-2011
Figure 63: Austrian Population Distribution by Age (%), 2007-2011
Figure 64: Austrian Male Population Distribution by Age (%), 2007-2011
Figure 65: Austrian Female Population Distribution by Age (%), 2007-2011
Figure 66: Austrian Households, Number of (Million), 2007-2011
Figure 67: Global Terrorism Heat Map, 2011
Figure 68: Austria Transparency Index, 2007-2011