Table of Contents
Timetric’s 'The Insurance Industry in Iceland, Key Trends and Opportunities to 2020' report provides a detailed analysis of Icelandic insurance industry.
It provides key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, total assets, total investment income and retentions during the review (2011–2015) and forecast periods (2015–2020).
The report also gives a comprehensive overview of the Icelandic economy and demographics, and provides detailed information on the competitive landscape in the country. It also includes the impact of natural hazards on the insurance industry.
The report brings together Timetric’s research, modeling and analysis expertise, giving insurers access to information on segment dynamics and competitive advantages, and profiles of insurers operating in the country. The report also includes details of insurance regulations and recent changes in the regulatory structure.
Timetric’s 'The Insurance Industry in Iceland, Key Trends and Opportunities to 2020' report provides in-depth market analysis, information and insights into the Icelandic insurance industry, including:
- An overview of the Icelandic insurance industry
- The Icelandic insurance industry's growth prospects by segment and category
- A comprehensive overview of the Icelandic economy and demographics
- The detailed competitive landscape in the Icelandic insurance industry
- Overview of distribution channels in the Icelandic insurance industry
- Details of regulatory policy applicable to the Icelandic insurance industry
- An analysis of natural hazards and its impact on the Icelandic insurance industry
This report provides a comprehensive analysis of the insurance industry in Iceland:
- It provides historical values for the Icelandic insurance industry for the report’s 2011–2015 review period, and projected figures for the 2015–2020 forecast period.
- It offers a detailed analysis of the key segments in the Icelandic insurance industry, with market forecasts to 2020.
- It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, combined ratio, total assets, total investment income and retentions.
- It profiles the top insurance companies in Iceland, and outlines the key regulations affecting them.
- It covers the economy and demographics structure of Iceland.
- It analyzes the impact of natural hazards in the Icelandic insurance industry.
Reasons To Buy
- Make strategic business decisions using in-depth historic and forecast market data related to the Icelandic insurance industry and each segment and category within it.
- Understand the demand-side dynamics, key market trends and growth opportunities in the Icelandic insurance industry.
- Assess the competitive dynamics in the Icelandic insurance industry.
- Identify growth opportunities and market dynamics in key segments.
- Gain insights into key regulations governing the Icelandic insurance industry, and their impact on companies and the industry's future.
- The Icelandic insurance industry is attractive, and provides ample growth opportunities for global investors. The industry’s penetration stood at 2.4% of GDP.
- The industry is dominated by the non-life segment, which constituted 86.1% of the industry’s gross written premium in 2015.
- Motor insurance was the largest category in the Icelandic non-life segment, accounting for 50.0% of the segment’s gross written premium in 2015.
- The growth of the non-life segment was primarily driven by a favorable regulatory framework, the rising sales of property and automobile and compulsory insurance.
- Insurance classes such as fire insurance for buildings, aircraft liability insurance, liability insurance for clinical trials and professional indemnity insurance for insurance brokers are mandatory.
- The increase in the elderly population is expected to increase awareness towards retirement-related life insurance products such as pension, annuity and superannuation.
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