Cover Image
Market Research Report

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

Published by GlobalData Product code 260054
Published Content info 80 Pages
Delivery time: 1-2 business days
Price
Back to Top
The Insurance Industry in Liechtenstein, Key Trends and Opportunities to 2022
Published: September 18, 2018 Content info: 80 Pages
Description

GlobalData's '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 GlobalData'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.
Table of Contents
Product Code: GDIS1765MR

Table of Contents

1 KEY FACTS AND HIGHLIGHTS 2

2 EXECUTIVE SUMMARY 3

3 ECONOMY AND DEMOGRAPHICS 9

4 INDUSTRY OUTLOOK 11

  • 4.1 Industry Indicators 13
    • 4.1.1 Gross written premium 13
    • 4.1.2 Insurance density 14

5 LIFE INSURANCE OUTLOOK 15

  • 5.1 Segment Indicators 15
    • 5.1.1 Gross written premium 15
    • 5.1.2 Penetration 16

6 GENERAL INSURANCE OUTLOOK 17

  • 6.1 Segment Indicators 17
    • 6.1.1 Gross written premium 17
    • 6.1.2 Penetration 18

7 REINSURANCE OUTLOOK 19

  • 7.1 Reinsurance Accepted 20

8 DISTRIBUTION CHANNEL OUTLOOK 21

9 NATURAL AND MAN-MADE HAZARDS 22

  • 9.1 Earthquakes 22
  • 9.2 Exposure 22

10 COMPETITIVE LANDSCAPE 23

  • 10.1 Company Profiles 24
    • 10.1.1 Allianz Risk Transfer AG - company overview 24
    • 10.1.2 ElipsLife AG - company overview 24
    • 10.1.3 Nucleus Life AG - company overview 25
    • 10.1.4 Quantum Leben AG - company overview 25
    • 10.1.5 Baloise Life (Liechtenstein) AG - company overview 26

11 GOVERNANCE, RISK AND COMPLIANCE 27

  • 11.1 Legislation Overview and Historical Evolution 28
  • 11.2 Latest Changes in Regulation 29
  • 11.3 Legislation and Market Practice by Type of Insurance 44
    • 11.3.1 Life insurance 44
    • 11.3.2 Property insurance 45
    • 11.3.3 Motor insurance 46
    • 11.3.4 Liability insurance 48
    • 11.3.5 Marine, aviation and transit insurance 49
    • 11.3.6 Personal accident and health insurance 49
  • 11.4 Compulsory Insurance 51
    • 11.4.1 Social security system 51
    • 11.4.2 Motor third-party liability insurance 52
    • 11.4.3 Professional indemnity insurance for intermediaries 53
    • 11.4.4 Buildings insurance against risks of occurrence of fire and natural disasters 53
    • 11.4.5 Professional indemnity insurance for alternative investment fund managers 53
  • 11.5 Supervision and Control 54
    • 11.5.1 International Association of Insurance Supervisors 54
    • 11.5.2 European Insurance and Occupational Pensions Authority 55
    • 11.5.3 Financial Market Authority 55
  • 11.6 Non-Admitted Insurance Regulations 56
    • 11.6.1 Overview 56
    • 11.6.2 Intermediaries 56
    • 11.6.3 Market practices 57
    • 11.6.4 Fines and Penalties 57
  • 11.7 Company Registration and Operations 58
    • 11.7.1 Type of insurance organization 59
    • 11.7.2 Establishing a local company 59
    • 11.7.3 Foreign ownership 60
    • 11.7.4 Types of license 61
    • 11.7.5 Capital requirements 62
    • 11.7.6 Solvency margin 63
    • 11.7.7 Reserve requirements 65
    • 11.7.8 Investment regulations 65
    • 11.7.9 Statutory return requirements 66
    • 11.7.10 Fee structure 67
  • 11.8 Taxation 68
    • 11.8.1 Insurance premium or policy taxation 68
    • 11.8.2 Withholding taxes on premium paid overseas 68
    • 11.8.3 Corporate tax 68
    • 11.8.4 VAT 69
    • 11.8.5 Captives 69
  • 11.9 Legal System 70
    • 11.9.1 Introduction 70
    • 11.9.2 Access to court 70
    • 11.9.3 Alternative dispute resolution 71

12 DATABOOK 72

  • 12.1 Life Insurance 72
    • 12.1.1 Policies and premium 72
  • 12.2 General Insurance 73
    • 12.2.1 Policies and premium 73

13 DEFINITIONS AND METHODOLOGY 74

  • 13.1 Definitions 74
  • 13.2 Methodology 76

14 ABOUT GLOBALDATA 78

  • 14.1 Contact GlobalData 78
  • 14.2 About GlobalData 78
  • 14.3 GlobalData's Services 79
  • 14.4 Disclaimer 80

List of Tables

  • Table 1: Liechtensteiner Insurance Industry - Key Facts, 2017 2
  • Table 2: Liechtensteiner Insurance Industry - Leading Insurers, 2017 2
  • Table 3: Liechtensteiner Government Credit Ratings 10
  • Table 4: Liechtensteiner Insurance Industry - Gross Written Premium (CHF Billion and US$ Billion), 2013-2017 13
  • Table 5: Liechtensteiner Insurance Industry - Gross Written Premium (CHF Billion and US$ Billion), 2017-2022 13
  • Table 6: Liechtensteiner Insurance Industry - Density (CHF), 2013-2017 14
  • Table 7: Liechtensteiner Insurance Industry - Density (CHF), 2017-2022 14
  • Table 8: Liechtensteiner Life Insurance - Gross Written Premium (CHF Billion and US$ Billion), 2013-2017 15
  • Table 9: Liechtensteiner Life Insurance - Gross Written Premium (CHF Billion and US$ Billion), 2017-2022 15
  • Table 10: Liechtensteiner General Insurance - Gross Written Premium (CHF Billion and US$ Billion), 2013-2017 17
  • Table 11: Liechtensteiner General Insurance - Gross Written Premium (CHF Billion and US$ Billion), 2017-2022 17
  • Table 12: Liechtensteiner Reinsurance - Premium Accepted (CHF Million and US$ Million), 2013-2017 20
  • Table 13: Liechtensteiner Reinsurance - Premium Accepted (CHF Million and US$ Million), 2017-2022 20
  • Table 14: Liechtensteiner registered insurance intermediaries, 2013-2017 21
  • Table 15: Allianz Risk Transfer AG - Key Facts 24
  • Table 16: ElipsLife AG - Key Facts 24
  • Table 17: Nucleus Life AG - Key Facts 25
  • Table 18: Quantum Leben AG - Key Facts 25
  • Table 19: Baloise Life (Liechtenstein) AG - Key Facts 26
  • Table 20: Liechtenstein - Insurance Regulatory Framework Key Features 27
  • Table 21: Liechtenstein - Life Insurance Regulatory Framework 44
  • Table 22: Liechtenstein - Property Insurance Regulatory Framework 45
  • Table 23: Liechtenstein - Motor Insurance Regulatory Framework 46
  • Table 24: Liechtenstein - Liability Insurance Regulatory Framework 48
  • Table 25: Liechtenstein - Corporate Tax Rates for the Financial Year 2018 69
  • Table 26: Liechtensteiner Life Insurance - Policies and Premium, 2013-2017 72
  • Table 27: Liechtensteiner Life Insurance - Policies and Premium, 2017-2022 72
  • Table 28: Liechtensteiner General Insurance - Policies and Premium, 2013-2017 73
  • Table 29: Liechtensteiner General Insurance - Policies and Premium, 2017-2022 73
  • Table 30: Insurance Industry Definitions 74

List of Figures

  • Figure 1: Liechtensteiner Exchange Rate (CHF per US$), 2013-2022 10
  • Figure 2: Liechtensteiner Insurance Industry - Gross Written Premium (CHF Billion), 2013-2022 13
  • Figure 3: Liechtensteiner Insurance Industry - Density (CHF), 2013-2022 14
  • Figure 4: Liechtensteiner Life Insurance - Gross Written Premium (CHF Billion), 2013-2022 15
  • Figure 5: Liechtensteiner Life Insurance - Penetration (%), 2013-2017 16
  • Figure 6: Liechtensteiner Life Insurance - Penetration (%), 2017-2022 16
  • Figure 7: Liechtensteiner General Insurance - Gross Written Premium (CHF Billion), 2013-2022 17
  • Figure 8: Liechtensteiner General Insurance - Penetration (%), 2013-2017 18
  • Figure 9: Liechtensteiner General Insurance - Penetration (%), 2017-2022 18
  • Figure 10: Liechtensteiner Reinsurance - Premium Accepted (CHF Million), 2013-2022 20
  • Figure 11: Liechtenstein - The Three Pillars of Solvency II 36
  • Figure 12: Liechtenstein - Insurance Supervision and Control at Various Levels 54
  • Figure 13: Liechtenstein - Insurance Regulatory Frameworks for Company Registration and Operation 58
Back to Top