29.06.2016, 12:56
Life Insurance in Finland, Key Trends and Opportunities
OREANDA-NEWS. RnR Market Research Offers Report by Research on Life Insurance in Finland, Key Trends and Opportunities to 2019
Synopsis
Timetric's 'Life Insurance in Finland, Key Trends and Opportunities to 2019' report provides detailed analysis of the market trends, drivers and challenges in the Finnish life insurance segment.
It provides key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, total assets, total investment income and retentions during the review period (2010-2014) and forecast period (2014-2019).
The report also gives a comprehensive overview of the Finnish economy and demographics, 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 the regulatory structure.
Summary
Timetric's 'Life Insurance in Finland, Key Trends and Opportunities to 2019' report provides in-depth market analysis, information and insights into the Finnish life insurance segment, including:
• The Finnish life insurance segment's growth prospects by life insurance category
• Key trends, drivers and challenges for the life insurance segment
• A comprehensive overview of the Finnish economy and demographics
• Details of the competitive landscape in the life insurance segment in Finland
• Details of regulatory policy applicable to the Finnish insurance industry
Key Highlights
• Life insurance accounted for 80.6% of the Finnish insurance industry's gross written premium in 2014.
• Despite the 2012-2014 recession in the national economy, the life segment grew as a result of increased purchases of unit-linked individual life products.
• The superannuation category accounted for 69.3% of the life insurance segment's gross written premium in 2014.
• A well-established public pension system is a challenge to private pension providers in Finland.
• Low interest rates will impact sales of linked insurance products, with consumer interest falling as returns reduce.
• Solvency II was implemented on January 1, 2016.
• New pension reforms will come into force on January 1, 2017.
Synopsis
Timetric's 'Life Insurance in Finland, Key Trends and Opportunities to 2019' report provides detailed analysis of the market trends, drivers and challenges in the Finnish life insurance segment.
It provides key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, total assets, total investment income and retentions during the review period (2010-2014) and forecast period (2014-2019).
The report also gives a comprehensive overview of the Finnish economy and demographics, 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 the regulatory structure.
Summary
Timetric's 'Life Insurance in Finland, Key Trends and Opportunities to 2019' report provides in-depth market analysis, information and insights into the Finnish life insurance segment, including:
• The Finnish life insurance segment's growth prospects by life insurance category
• Key trends, drivers and challenges for the life insurance segment
• A comprehensive overview of the Finnish economy and demographics
• Details of the competitive landscape in the life insurance segment in Finland
• Details of regulatory policy applicable to the Finnish insurance industry
Key Highlights
• Life insurance accounted for 80.6% of the Finnish insurance industry's gross written premium in 2014.
• Despite the 2012-2014 recession in the national economy, the life segment grew as a result of increased purchases of unit-linked individual life products.
• The superannuation category accounted for 69.3% of the life insurance segment's gross written premium in 2014.
• A well-established public pension system is a challenge to private pension providers in Finland.
• Low interest rates will impact sales of linked insurance products, with consumer interest falling as returns reduce.
• Solvency II was implemented on January 1, 2016.
• New pension reforms will come into force on January 1, 2017.
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