The Austrian reinsurance segment's written premium value decreased from EURX.X billion (US$X.X billion) in 2007 to EURX.X billion (US$X.X billion) in 2011, at a CAGR of -1.2% during the review period. The negative growth can be attributed to the country's unfavorable business and economic conditions and weak primary insurance industry growth, which decelerated the reinsurance segment growth during the review period. However, the Austrian reinsurance segment's written premium value is projected to increase at a CAGR of 0.6% over the forecast period. This is anticipated within the context of the implementation of Solvency II legislation in 2014 and the restructuring of the insurance industry over the forecast period. Such regulatory changes are expected to stipulate higher capital requirements and better risk mitigation strategies, which will drive the reinsurance segment as firms will share a larger proportion of their risks with reinsurance companies.
This report provides a comprehensive analysis of the reinsurance market in Austria:
• It provides historical values for the Austrian reinsurance market for the review period (2007–2011) and forecast period (2012–2016)
• It offers a detailed analysis of the key sub-segments in the Austrian reinsurance market, along with market forecasts until 2016
• It provides a detailed analysis of the reinsurance ceded from various direct insurance markets in Austria and its growth prospects
• It profiles the top reinsurance companies in Austria
Click for Report details:Reinsurance in Austria, Key Trends and Opportunities to 2016