The Insurance Industry in Liechtenstein, Key Trends and Opportunities to 2022

The Insurance Industry in Liechtenstein, Key Trends and Opportunities to 2022

Summary

The 'The Insurance Industry in Liechtenstein, Key Trends and Opportunities to 2022' report provides detailed analysis of the market trends, drivers and challenges in the Liechtensteiner insurance industry.

It provides key performance indicators such as written premium and claims during the review period (2013-2017) and forecast period (2017-2022).

The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the Liechtensteiner economy and demographics, and provides detailed information on the competitive landscape in the country.

The report brings together the author’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.

Inside this report, we look at the top themes, its predictions and identify winners and losers.

The report provides in-depth market analysis, information and insights into the Liechtensteiner insurance industry, including:

The Liechtensteiner insurance industry's growth prospects by segment and category

A comprehensive overview of the Liechtensteiner economy and demographics

Details of the competitive landscape in the Liechtensteiner insurance industry

The various distribution channels in the Liechtensteiner insurance industry

Details of regulatory policy applicable to the Liechtensteiner insurance industry

Analysis of natural hazards in the Liechtensteiner insurance industry

Key Highlights:

In 2017, the Liechtenstein Health Insurance Association announced an increase in compulsory health insurance premiums by an average of 0.6% in 2018.

In 2017, the FMA managed and guided 64 insurance intermediaries, comprising 53 insurance brokers and 11 agents operating in the country.

In 2017, 35 insurers were operating in Liechtenstein’s insurance industry, which includes 20 life insurance, 15 general insurers and three reinsurers.

Scope

This report provides a comprehensive analysis of the insurance industry in Liechtenstein.

It provides historical values for the Liechtensteiner insurance industry for the report’s 2013-2017 review period, and projected figures for the 2017-2022 forecast period.

It offers a detailed analysis of the key segments in the Liechtensteiner insurance industry, with market forecasts to 2022.

It covers an exhaustive list of parameters, including written premium and claims.

It analyzes the various distribution channels in Liechtenstein.

It profiles the top insurance companies in Liechtenstein, 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 Liechtensteiner insurance industry and each segment and category within it.

Understand the demand-side dynamics, key market trends and growth opportunities in the Liechtensteiner insurance industry.

Assess the competitive dynamics in the Liechtensteiner insurance industry.

Identify the growth opportunities and market dynamics in key segments.

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

1.KEY FACTS AND HIGHLIGHTS2 EXECUTIVE SUMMARY3.ECONOMY AND DEMOGRAPHICS

4 INDUSTRY OUTLOOK

4.1 Industry Indicators
4.1.1 Gross written premium
4.1.2 Insurance density

5.LIFE INSURANCE OUTLOOK

5.1 Segment Indicators
5.1.1 Gross written premium
5.1.2 Penetration

6.GENERAL INSURANCE OUTLOOK

6.1 Segment Indicators
6.1.1 Gross written premium
6.1.2 Penetration

7.REINSURANCE OUTLOOK

7.1 Reinsurance Accepted

8.DISTRIBUTION CHANNEL OUTLOOK

9.NATURAL AND MAN-MADE HAZARDS

9.1 Earthquakes
9.2 Exposure

10 COMPETITIVE LANDSCAPE

10.1 Company Profiles
10.1.1 Allianz Risk Transfer AG - company overview
10.1.2 ElipsLife AG - company overview
10.1.3 Nucleus Life AG - company overview
10.1.4 Quantum Leben AG - company overview
10.1.5 Baloise Life (Liechtenstein) AG - company overview

11 GOVERNANCE, RISK AND COMPLIANCE

11.1 Legislation Overview and Historical Evolution
11.2 Latest Changes in Regulation
11.3 Legislation and Market Practice by Type of Insurance
11.3.1 Life insurance
11.3.2 Property insurance
11.3.3 Motor insurance
11.3.4 Liability insurance
11.3.5 Marine, aviation and transit insurance
11.3.6 Personal accident and health insurance
11.4 Compulsory Insurance
11.4.1 Social security system
11.4.2 Motor third-party liability insurance
11.4.3 Professional indemnity insurance for intermediaries
11.4.4 Buildings insurance against risks of occurrence of fire and natural disasters
11.4.5 Professional indemnity insurance for alternative investment fund managers
11.5 Supervision and Control
11.5.1 International Association of Insurance Supervisors
11.5.2 European Insurance and Occupational Pensions Authority
11.5.3 Financial Market Authority
11.6 Non-Admitted Insurance Regulations
11.6.1 Overview
11.6.2 Intermediaries
11.6.3 Market practices
11.6.4 Fines and Penalties
11.7 Company Registration and Operations
11.7.1 Type of insurance organization
11.7.2 Establishing a local company
11.7.3 Foreign ownership
11.7.4 Types of license
11.7.5 Capital requirements
11.7.6 Solvency margin
11.7.7 Reserve requirements
11.7.8 Investment regulations
11.7.9 Statutory return requirements
11.7.10 Fee structure
11.8 Taxation
11.8.1 Insurance premium or policy taxation
11.8.2 Withholding taxes on premium paid overseas
11.8.3 Corporate tax
11.8.4 VAT
11.8.5 Captives
11.9 Legal System
11.9.1 Introduction
11.9.2 Access to court
11.9.3 Alternative dispute resolution

12 DATABOOK

12.1 Life Insurance
12.1.1 Policies and premium
12.2 General Insurance
12.2.1 Policies and premium

13 DEFINITIONS AND METHODOLOGY

13.1 Definitions
13.2 Methodology

14 About

14.1 Contact
14.2 About
14.3 Services
14.4 Disclaimer

List of Tables

Table 1: Liechtensteiner Insurance Industry - Key Facts, 2017
Table 2: Liechtensteiner Insurance Industry - Leading Insurers, 2017
Table 3: Liechtensteiner Government Credit Ratings
Table 4: Liechtensteiner Insurance Industry - Gross Written Premium (CHF Billion and US$ Billion), 2013-2017
Table 5: Liechtensteiner Insurance Industry - Gross Written Premium (CHF Billion and US$ Billion), 2017-2022
Table 6: Liechtensteiner Insurance Industry - Density (CHF), 2013-2017
Table 7: Liechtensteiner Insurance Industry - Density (CHF), 2017-2022
Table 8: Liechtensteiner Life Insurance - Gross Written Premium (CHF Billion and US$ Billion), 2013-2017
Table 9: Liechtensteiner Life Insurance - Gross Written Premium (CHF Billion and US$ Billion), 2017-2022
Table 10: Liechtensteiner General Insurance - Gross Written Premium (CHF Billion and US$ Billion), 2013-2017
Table 11: Liechtensteiner General Insurance - Gross Written Premium (CHF Billion and US$ Billion), 2017-2022
Table 12: Liechtensteiner Reinsurance - Premium Accepted (CHF Million and US$ Million), 2013-2017
Table 13: Liechtensteiner Reinsurance - Premium Accepted (CHF Million and US$ Million), 2017-2022
Table 14: Liechtensteiner registered insurance intermediaries, 2013-2017
Table 15: Allianz Risk Transfer AG - Key Facts
Table 16: ElipsLife AG - Key Facts
Table 17: Nucleus Life AG - Key Facts
Table 18: Quantum Leben AG - Key Facts
Table 19: Baloise Life (Liechtenstein) AG - Key Facts
Table 20: Liechtenstein - Insurance Regulatory Framework Key Features
Table 21: Liechtenstein - Life Insurance Regulatory Framework
Table 22: Liechtenstein - Property Insurance Regulatory Framework
Table 23: Liechtenstein - Motor Insurance Regulatory Framework
Table 24: Liechtenstein - Liability Insurance Regulatory Framework
Table 25: Liechtenstein - Corporate Tax Rates for the Financial Year 2018
Table 26: Liechtensteiner Life Insurance - Policies and Premium, 2013-2017
Table 27: Liechtensteiner Life Insurance - Policies and Premium, 2017-2022
Table 28: Liechtensteiner General Insurance - Policies and Premium, 2013-2017
Table 29: Liechtensteiner General Insurance - Policies and Premium, 2017-2022
Table 30: Insurance Industry Definitions

List of Figures

Figure 1: Liechtensteiner Exchange Rate (CHF per US$), 2013-2022
Figure 2: Liechtensteiner Insurance Industry - Gross Written Premium (CHF Billion), 2013-2022
Figure 3: Liechtensteiner Insurance Industry - Density (CHF), 2013-2022
Figure 4: Liechtensteiner Life Insurance - Gross Written Premium (CHF Billion), 2013-2022
Figure 5: Liechtensteiner Life Insurance - Penetration (%), 2013-2017
Figure 6: Liechtensteiner Life Insurance - Penetration (%), 2017-2022
Figure 7: Liechtensteiner General Insurance - Gross Written Premium (CHF Billion), 2013-2022
Figure 8: Liechtensteiner General Insurance - Penetration (%), 2013-2017
Figure 9: Liechtensteiner General Insurance - Penetration (%), 2017-2022
Figure 10: Liechtensteiner Reinsurance - Premium Accepted (CHF Million), 2013-2022
Figure 11: Liechtenstein - The Three Pillars of Solvency II
Figure 12: Liechtenstein - Insurance Supervision and Control at Various Levels
Figure 13: Liechtenstein - Insurance Regulatory Frameworks for Company Registration and Operation