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Personal Accident and Health Insurance in Latvia, Key Trends and Opportunities to 2018

  • September 2015
  • -
  • Timetric
  • -
  • 177 pages

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Synopsis
Timetric’s 'Personal Accident and Health Insurance in the Latvia, Key Trends and Opportunities to 2018' report provides detailed analysis of the market trends, drivers, challenges in the Latvian personal accident and health insurance segment.

It provides key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, frauds and crimes, total assets, total investment income and retentions during the review period (2009–2013) and forecast period (2013–2018). The report also analyzes distribution channels operating in the segment, and provides detailed information on the competitive landscape in the country.

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 regulatory structure.

Summary
Timetric’s 'Personal Accident and Health Insurance in the Latvia, Key Trends and Opportunities to 2018' report provides in-depth market analysis, information and insights into the Latvian personal accident and health insurance segment, including:

- The Latvian personal accident and health insurance segment’s growth prospects by insurance category

- Key trends, drivers and challenges for the personal accident and health insurance segment

- The various distribution channels in the Latvian personal accident and health insurance segment

- The detailed competitive landscape in the personal accident and health insurance segment in Latvia

- Details of regulatory policy applicable to the Latvian insurance industry


Scope
This report provides a comprehensive analysis of the personal accident and health insurance segment in Latvia:

- It provides historical values for the Latvian personal accident and health insurance segment for the report’s 2009–2013 review period, and projected figures for the 2013–2018 forecast period.

- It offers a detailed analysis of the key categories in the Latvian personal accident and health insurance segment, along with market forecasts until 2018.

- It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, frauds and crimes, total assets, total investment income and retentions.

- It analyses the various distribution channels for personal accident and health insurance products in Latvia.

- It profiles the top personal accident and health insurance companies in Latvia and outlines the key regulations affecting them.

Reasons To Buy
- Make strategic business decisions using in-depth historic and forecast market data related to the Latvian personal accident and health insurance segment and each category within it.

- Understand the demand-side dynamics, key market trends and growth opportunities in the Latvian personal accident and health insurance segment.

- Assess the competitive dynamics in the personal accident and health insurance segment.

- Identify growth opportunities and market dynamics in key product categories.

- Gain insights into key regulations governing the Latvian insurance industry and their impact on companies and the industry's future.

Key Highlights
- The Latvian personal accident and health segment posted a compound annual growth rate (CAGR) of 0.9% during the review period.

- Latvia is reconsidering incentive-based methods to promote health insurance.

- In order to improve country’s healthcare sector, the government passed a law in 2013 making health insurance mandatory from July 2014.

- Tax benefits are a key driver of the country’s health insurance category.

- The segment is expected to post a forecast-period CAGR of 3.5%.

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