German Personal Accident & Health Insurance Sector Discussed by Timetric in In-demand Report Published at MarketPublishers.com25 Aug 2014 • by Natalie Aster
LONDON – The increasing demand for personal accident and health insurance products has been supported by healthy economic growth, the government’s cancellation of a 3-year waiting period for individuals to enroll in private health insurance plans in December 2010, as well as by the occurrence of natural calamities like cyclone Emma and hurricane Kyrill. Furthermore, during 2009–2013, the German ageing population also impacted the dynamics of the personal accident and health segment, with the trend likely to continue in the upcoming years. As of 2013, there were 17 million people aged over 65 in the country (nearly 21% of the population), and the figure is projected to grow to 17.8 million by 2017-end. This trend has resulted in the elevated demand for private health coverage in Germany, as senior citizens prefer investing in private health insurance to get quicker treatment at private hospitals, rather than waiting for a medical appointment at public hospitals.
To stay competitive, insurance carriers have to considerably reduce their customer acquisition and administrative costs. Whilst some insurers streamline their IT facilities to further enhance efficiency and boost their customers’ experience, others are outsourcing a portion of their operations to low-cost destinations.
In-demand report “Personal Accident and Health Insurance in Germany, Key Trends and Opportunities to 2018” prepared by Timetric presents an in-depth analysis of the German personal accident and health insurance market.
The study offers granular historical and forecast market data pertaining to the national personal accident and health insurance sector as well as each of its categories – personal accident insurance, travel insurance and health insurance. It gives insights into the major drivers & challenges and major trends in the domestic accident and health insurance sector; the distribution channels for the respective insurance products; the competitive scenario, along with the reinsurance segment growth dynamics and challenges. The research report contains forecasts of the market through to 2018 by insurance categories; highlights the key regulatory issues having a bearing on the marketplace and its future and also on the industry players; includes exhaustive Porter's five forces assessment. Profiles of the top insurance companies are available as well.
Personal Accident and Health Insurance in Germany, Key Trends and Opportunities to 2018
Published: July, 2014
Price: US$ 1,950.00
More in-demand studies by the publisher can be found at Timetric page.