Industry Dynamics and Competitive Landscape in the Austrian Life Insurance Industry to 2016: Market Profile

Synopsis
The report provides market analysis, information and insights into the Austrian life insurance market, including:
- A description of the life insurance market in Austria
- The Austrian life insurance market’s growth prospects
- The competitive landscape in the Austrian life insurance market

Summary
The Austrian insurance industry is one of the largest in the EU and contributes significantly to the nation’s GDP. The segment is highly concentrated with the 10-leading insurers accounting for a market share of XX% of the segment’s total gross written premium in 2011. The remainder was contributed by XX smaller companies. By the end of 2011, XX companies were licensed to conduct non-life insurance business operations in Austria. However, the number of life insurance companies in Austria reduced due to the global financial crisis and subsequent sovereign debt concerns. The number of life insurance companies in Austria is expected to decrease over the forecast period due to proposed regulatory changes such as the introduction of Solvency II legislation in 2014, which will demand higher capital requirements in order to be operational in the segment. Consequently, smaller firms are expected to be acquired by large companies.

Scope
This report provides a comprehensive analysis of the life insurance market in Austria:
- It provides historical values for Austria’s insurance industry market size for the report’s 2007–2011 review period and forecast figures for the 2011–2016 forecast period
- Using Porter’s industry-standard “Five Forces” analysis, it details the competitive landscape in Austria for the life insurance business
- It profiles the top life insurance companies in Austria and outlines the key regulations affecting them
- It provides a comprehensive analysis of the business environment and country risk for Austria

Reasons To Buy
- Make strategic business decisions using historic and forecast market data related to the Austrian insurance industry and each sector within it
- Understand the demand-side dynamics, key market trends and growth opportunities within the Austrian insurance industry
- Develop market-entry strategies by understanding the key market opportunities
- Assess the competitive dynamics in the Austrian life insurance market
- Identify key operators in the Austrian insurance industry, along with profiles on those companies

Key Highlights
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1 Introduction
1.1 What is this Report About?
1.2 Definitions
1.3 Methodology
2 Austrian Insurance Industry Attractiveness
2.1 Insurance Industry Market Size, 2007–2016
2.2 Key Industry Trends and Drivers
2.2.1 Business drivers
2.2.2 Consumer drivers
2.3 Recent Market Developments
3 Regulatory Policies
4 Porter’s Five Forces Analysis – Austrian Life Insurance
4.1 Bargaining Power of Supplier: medium
4.2 Bargaining Power of Buyer: medium
4.3 Barriers to Entry: low to medium
4.4 Intensity of Rivalry: medium
4.5 Threat of Substitutes: low
5 Competitive Landscape and Strategic Insights
5.1 Overview
5.2 Leading Companies in the Austrian Life Insurance Segment
5.3 Comparison of Top-Five Insurers
5.3.1 Gross written premium
5.3.2 Net earned premiums
5.3.3 Gross claims
5.3.4 Reinsurer's share of claims
5.3.5 Paid claims
5.4 Wiener Städtische Versicherung AG Vienna Insurance Group – Company Overview
5.4.1 Wiener Städtische Versicherung AG Vienna Insurance Group – key facts
5.4.2 Wiener Städtische Versicherung AG Vienna Insurance Group – key financials
5.5 Sparkassen Versicherung AG Vienna Insurance Group – Company Overview
5.5.1 Sparkassen Versicherung AG Vienna Insurance Group – key facts
5.5.2 Sparkassen Versicherung AG Vienna Insurance Group – Key Financials
5.6 Finance Life Lebensversicherung AG – Company Overview
5.6.1 Finance Life Lebensversicherung AG – key facts
5.6.2 Finance Life Lebensversicherung AG – key financials
5.7 Generali Versicherung AG – Company Overview
5.7.1 Generali Versicherung AG – key facts
5.7.2 Generali Versicherung AG – key financials
5.8 Bank Austria Creditanstalt Versicherung AG – Company Overview
5.8.1 Bank Austria Creditanstalt Versicherung AG – key facts
5.8.2 Bank Austria Creditanstalt Versicherung AG – key financials
5.9 Raiffeisen Versicherung AG – Company Overview
5.9.1 Raiffeisen Versicherung AG – key facts
5.9.2 Raiffeisen Versicherung AG – key financials
5.10 Allianz Elementar Lebensversicherungs-AG – Company Overview
5.10.1 Allianz Elementar Lebensversicherungs-AG – key facts
5.11 UNIQA Personenversicherung AG – Company Overview
5.11.1 UNIQA Personenversicherung AG – key facts
5.12 Wüstenrot Versicherungs-AG – Company Overview
5.12.1 Wüstenrot Versicherungs-AG – key facts
5.13 Donau Versicherung AG Vienna Insurance Group – Company Overview
5.13.1 Donau Versicherung AG Vienna Insurance Group – key facts
5.14 Business Environment and Country Risk
5.15 Business Confidence
5.15.1 Business confidence indicator
5.15.2 Market capitalization trend – Vienna Stock Exchange, Austria
5.16 Economic Performance
5.16.1 GDP at constant prices (US dollar)
5.16.2 GDP per capita at constant prices (US dollar)
5.16.3 GDP at current prices (US dollar)
5.16.4 GDP per capita at current prices (US dollar)
5.16.5 GDP by key segments
5.16.6 Agricultural net output at current prices (EUR)
5.16.7 Agricultural net output at current prices (US dollar)
5.16.8 Agricultural net output at current prices as a percentage of GDP
5.16.9 Manufacturing net output at current prices (EUR)
5.16.10 Manufacturing net output at current prices (US dollar)
5.16.11 Manufacturing net output at current prices as a percentage of GDP
5.16.12 Mining, manufacturing and utilities net output at current prices (EUR)
5.16.13 Mining, manufacturing and utilities at current prices (US dollar)
5.16.14 Mining, manufacturing and utilities at current prices, as percentage of GDP
5.16.15 Construction net output at current prices (EUR)
5.16.16 Construction net output at current prices, (US dollar)
5.16.17 Construction net output at current prices as a percentage of GDP
5.16.18 Inflation rate
5.16.19 Current account balance as a percentage of GDP
5.16.20 Exports as a percentage of GDP
5.16.21 Imports as a percentage of GDP
5.16.22 Exports growth
5.16.23 Imports growth
5.16.24 Annual average exchange rate US$–EUR
5.16.25 End-of-period exchange rate US$–EUR
5.17 Infrastructure Quality and Availability
5.17.1 Total airports and sea ports
5.17.2 Railways and roadways
5.17.3 Passenger vehicle production volume
5.17.4 Commercial vehicle production volume
5.17.5 Automotive component exports trend
5.17.6 Automotive component imports trend
5.17.7 Passenger car penetration
5.17.8 Healthcare expenditure
5.17.9 Healthcare expenditure as a percentage of GDP
5.17.10 Healthcare expenditure per capita
5.17.11 Total internet subscribers
5.18 Labor Force
5.18.1 Labor force
5.18.2 Unemployment rate
5.19 Demographics
5.19.1 Annual disposable income
5.19.2 Annual per capita disposable income
5.19.3 Total population
5.19.4 Urban and rural population
5.19.5 Females as a percentage of the total population
5.19.6 Males as a percentage of the total population
5.19.7 Mean age of the population
5.19.8 Median age of population
5.19.9 Population density
5.19.10 Age distribution of the total population
5.19.11 Age distribution of the male population
5.19.12 Age distribution of the female population
5.19.13 Number of households
5.20 Political and Social Risk
5.20.1 Political stability
5.20.2 Terrorism index
5.20.3 Transparency index
6 Appendix
6.1 Methodology
6.2 Contact Us
6.3 About Timetric
6.4 Disclaimer

List of Tables
Table 1: Insurance Industry Definitions
Table 2: Austrian Insurance Overall Written Premium by Segment (EUR Billion), 2007–2011
Table 3: Austrian Insurance Overall Written Premium by Segment (US$ Billion), 2007–2011
Table 4: Austrian Insurance Overall Written Premium by Segment (EUR Billion), 2011–2016
Table 5: Austrian Insurance Overall Written Premium by Segment (US$ Billion), 2011–2016
Table 6: Austrian Insurance Segmentation (% Share), 2007–2016
Table 7: Austrian Life Insurance Market Share (%), 2007–2011
Table 8: Wiener Städtische Versicherung AG Vienna Insurance Group, Key Facts
Table 9: Wiener Städtische Versicherung AG Vienna Insurance Group, Key Financials (EUR Thousand)
Table 10: Sparkassen Versicherung AG Vienna Insurance Group, Key Facts
Table 11: Sparkassen Versicherung AG Vienna Insurance Group, Key Financials (EUR Thousand)
Table 12: Finance Life Lebensversicherung AG, Key Facts
Table 13: Finance Life Lebensversicherung AG, Key Financials (EUR Thousand)
Table 14: Generali Versicherung AG, Key Facts
Table 15: Generali Versicherung AG, Key Financials (EUR Thousand)
Table 16: Bank Austria Creditanstalt Versicherung AG, Key Facts
Table 17: Bank Austria Creditanstalt Versicherung AG, Key Financials (EUR Thousand)
Table 18: Raiffeisen Versicherung AG, Key Facts
Table 19: Raiffeisen Versicherung AG, Key Financials (EUR Thousand)
Table 20: UNIQA Personenversicherung AG, Key Facts
Table 21: Wüstenrot Versicherungs-AG, Key Facts
Table 22: Donau Versicherung AG Vienna Insurance Group, Key Facts

List of Figures
Figure 1: Austrian Insurance Overall Written Premium by Segment (EUR Billion), 2007–2016
Figure 2: Austrian Insurance Market Dynamics by Segment, 2007–2016
Figure 3: Austrian Life Insurance – Porter’s Five Forces Analysis
Figure 4: Austrian Life Insurance Market Share (%), 2007 and 2011
Figure 5: Gross Written Premium – Top-Five Austrian Life Insurers, 2011
Figure 6: Net Earned Premium –Top-Five Austrian Life Insurers, 2011
Figure 7: Gross Claims –Top-Five Austrian Life Insurers, 2011
Figure 8: Reinsurer’s Share of Claims –Top-Five Austrian Life Insurers, 2011
Figure 9: Paid Claims –Top-Five Austrian Life Insurers, 2011
Figure 10: Austrian Business Confidence Indicator, Q12008–Q12012
Figure 11: Vienna Stock Exchange Market Capitalization (US$ Billion), 2007–2011
Figure 12: Austrian GDP at Constant Prices (US$ Billion), 2007–2011
Figure 13: Austrian GDP Per Capita at Constant Prices (US$), 2007–2011
Figure 14: Austrian GDP at Current Prices (US$ Billion), 2007–2011
Figure 15: Austrian GDP Per Capita at Current Prices (US$), 2007–2011
Figure 16: Austrian GDP by Key Segments (%) 2009 and 2011
Figure 17: Austrian Agricultural Net Output at Current Prices (EUR Billion), 2007–2011
Figure 18: Austrian Agricultural Net Output at Current Prices (US$ Billion), 2007–2011
Figure 19: Austrian Agricultural Net Output at Current Prices as a Percentage of GDP (%), 2007–2011
Figure 20: Austrian Manufacturing Net Output at Current Prices (EUR Billion), 2007–2011
Figure 21: Austrian Manufacturing Net Output at Current Prices (US$ Billion), 2007–2011
Figure 22: Austrian Manufacturing Net Output at Current Prices as a Percentage of GDP (%), 2007–2011
Figure 23: Austrian Mining, Manufacturing and Utilities Net Output at Current Prices (EUR Billion), 2007–2011
Figure 24: Austrian Mining, Manufacturing and Utilities Net Output at Current Prices (US$ Billion), 2007–2011
Figure 25: Austrian Mining, Manufacturing and Utilities Net Output at Current Prices as a Percentage of GDP (%), 2007–2011
Figure 26: Austrian Construction Net Output at Current Prices (EUR Billion), 2007–2011
Figure 27: Austrian Construction Net Output at Current Prices (US$ Billion), 2007–2011
Figure 28: Austrian Construction Output at Current Prices as a Percentage of GDP (%), 2007–2011
Figure 29: Austrian Inflation Rate (%), 2007–2011
Figure 30: Austrian Current Account Balance as a Percentage of GDP(%), 2007–2011
Figure 31: Austrian Exports as a Percentage of GDP (%), 2007–2011
Figure 32: Austrian Imports as a Percentage of GDP (%), 2007–2011
Figure 33: Austrian Exports Growth (%), 2007–2011
Figure 34: Austrian Imports Growth (%), 2007–2011
Figure 35: Austrian Annual Average Exchange Rate US$–EUR, 2007–2011
Figure 36: Austrian End-of-Period Exchange Rate US$–EUR, 2007–2011
Figure 37: Austrian Airports and Sea Ports (Number), 2011
Figure 38: Austrian Railways and Roadways (Kilometers), 2011
Figure 39: Austrian Passenger Vehicle Production, 2007–2011
Figure 40: Austrian Commercial Vehicle Production, 2007–2011
Figure 41: Austrian Automotive Component Exports (US$ Billion), 2007–2011
Figure 42: Austrian Automotive Component Imports (US$ Billion), 2007–2011
Figure 43: Austrian Passenger Car Penetration (per thousand people), 2007–2011
Figure 44: Austrian Healthcare Expenditure (US$ Billion), 2007–2011
Figure 45: Austrian Healthcare Expenditure as a Percentage of GDP (%), 2007–2011
Figure 46: Austria Per Capita Healthcare Expenditure (US$), 2007–2011
Figure 47: Austrian Internet Subscriptions (Million), 2007–2011
Figure 48: Austrian Size of Labor Force in 15–59 Age Group (Million), 2007–2011
Figure 49: Austrian Unemployment Rate (%), 2007–2011
Figure 50: Austrian Annual Disposable Income (US$ Billion), 2007–2011
Figure 51: Austrian Annual Per Capita Disposable Income (US$), 2007–2011
Figure 52: Austrian Total Population (Million), 2007–2011
Figure 53: Austrian Urban and Rural Population (%), 2007–2011
Figure 54: Austrian Females as a Percentage of the Total Population (%), 2007–2011
Figure 55: Austrian Males as a Percentage of the Total Population (%), 2007–2011
Figure 56: Austrian Mean Age of Population (Year), 2007–2011
Figure 57: Austrian Median Age of Population (Year), 2007–2011
Figure 58: Austrian Population Density (per Square Kilometer), 2007–2011
Figure 59: Austrian Population Distribution by Age (%), 2007–2011
Figure 60: Austrian Male Population Distribution by Age (%), 2007–2011
Figure 61: Austrian Female Population Distribution by Age (%), 2007–2011
Figure 62: Austrian Households, Number of (Million), 2007–2011
Figure 63: Global Terrorism Heat Map, 2011
Figure 64: Austria Transparency Index, 2007–2011

Wiener Städtische Versicherung AG
Sparkassen Versicherung AG
Generali Versicherung AG
Finance Life Lebensversicherung AG
Bank Austria Creditanstalt Versicherung AG
Raiffeisen Versicherung
Allianz Elementar Lebensversicherungs AG
UNIQA Personenversicheru