Posts Tagged life insurance segment
Switzerland Insurance Market Intelligence: 2011 Edition | Market Research Report On Aarkstore
The Swiss insurance industry has recorded a slight decline in premiums in the year 2009 mainly due to the decline in the growth of the life insurance segment. The non-life insurance segment remained almost flat recording growth of approximately 0.69% in 2009.
Increasing life expectancy rate, increasing health care cost and rising health related problems are some of the most important drivers of the life insurance segment. Pension schemes, health insurance and retirement products would gain importance driving the overall insurance industry of Switzerland.
With the economic crisis every sector saw a decline in the growth rate and same was true for the Swiss insurance industry but with recovering economy, improving living standard, increasing disposable income and increasing savings the investment in various financial products including insurance products is expected to increase which would in turn boost the growth of the Swiss insurance industry.
Topic: insurance association, insurance market, life insurance segment, market intelligence, market segments, private insurance industry, retirement products, segment table, structure 1, zurich financial servicesRelated Topic
Germany Insurance Market Intelligence: 2011 Edition | Market Research Report On Aarkstore Enterprise
Despite the financial and economic crisis, premium income in the German insurance industry recorded a robust growth of 4.19% in 2009 as compared to 2008. The German insurance industry is dominated by the life insurance segment accounting for approximately 50% of the total market share. The remaining 50% is divided into non-life and health insurance segment.
Pension products dominate the life insurance segment. Life segment has been witnessing growth mainly on account of the demand for annuity and other pension products. These life insurance products function as saving instruments and are used for financial protection. The non-life insurance segment is dominated by motor insurance which accounts for approximately 36.7% of the total non-life premiums.
Topic: aachener munchener, chronic health conditions, germany insurance, industry snapshot, life insurance products, life insurance segment, other developed countries, penetration rate, pension products, supervisory authoritiesRelated Topic