DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/jkvqsg/personal_accident) has announced the addition of the "Personal Accident and Health Insurance in Greece, Key Trends and Opportunities to 2018" report to their offering.
The Greek personal accident and health segment accounted for the lowest premium share in the insurance industry in 2013. Demand for healthcare services and private health insurance increased during the review period (2009-2013), due to the inadequate services provided by public healthcare institutions, and an increase in per capita healthcare expenditure.
Travel insurance accounted for the largest share of the segment with 43.0%, with growth supported by the introduction of low-cost airlines which helped increase outbound tourist volumes. Over the forecast period (2013-2018), the segment's growth is expected to be driven by the travel and health categories. Overall, the value of the Greek personal accident and health segment is expected to increase in 2018, at a forecast-period compound annual growth rate (CAGR) of 2.4%.
Key Highlights
- The segment's distribution network was dominated by insurance agencies and brokers during the review period. Agencies accounted for 56.1% of new written premiums in 2013.
- The total number of Greek citizens investing in private health insurance reached 1.5 million in 2013, representative of 13.9% of the total population.
- Travel insurance accounted for the largest share of 43.0% , followed by health and personal accident insurance in Greece in 2013.
- The National Health System is compulsory, and is operated by the Social Insurance Institute (IKA) which provides healthcare services to around half the population.
- Following the crisis, higher unemployment and falling disposable incomes resulted in many consumers opting for public financial services to avoid voluntary health premiums and out-of-pocket expenditure.
Key Topics Covered:
1 Key Facts and Events
2 Executive Summary
3 Introduction
4 Greek Insurance Industry Attractiveness
5 Personal Accident and Health Insurance Outlook
6 Analysis by Distribution Channel
7 Governance, Risk and Compliance
8 Competitive Landscape and Strategic Insights
9 Appendix
Companies Mentioned
- Ethniki Hellenic General Insurance Company SA
- MetlifeAlico
- Interamerican Hellenic General Insurance Company SA
- ING Greek Life Insurance Company SA
- Intersalonika SA
- Eurolife ERB Insurance
- ATE Insurance SA
- European Reliance General Insurance Company SA
- Axa Insurance SA
- Groupama Phoenix Hellenic Insurance Company SA
For more information visit http://www.researchandmarkets.com/research/jkvqsg/personal_accident
