Liechtenstein Sales Revenue Market Share of The Insurance Industry by Companies in 2016

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The Insurance Industry in Liechtenstein, Key Trends and Opportunities to 2019 Report / Search Code: WGR495851

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Publish Date: 31 May, 2016

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Synops is Timetric’s 'The Ins urance Indus try in Liechtens tein, Key Trends and Opportunities to 2019' report provides detailed analys is of the market trends , drivers and challenges in the Liechtens tein ins urance indus try. It provides key performance indicators s uch as written premium, total as s ets and total inves tment income during the review period (2010–2014) and forecas t period (2014–2019). The report als o analyzes dis tribution channels operating in the s egment, gives a comprehens ive overview of the Liechtens tein economy and demographics , and provides detailed information on the competitive lands cape in the country. The report brings together Timetric’s res earch, modeling and analys is expertis e, giving ins urers acces s to information on s egment dynamics and competitive advantages , and profiles of ins urers operating in the country. The report als o includes details of ins urance regulations , and recent changes in the regulatory s tructure. Summary Timetric’s 'The Ins urance Indus try in Liechtens tein, Key Trends and Opportunities to 2019' report provides in-depth market analys is , information and ins ights into the Liechtens tein ins urance indus try, including: • The Liechtens tein ins urance indus try's growth pros pects by s egment and category • A comprehens ive overview of the Liechtens tein economy and demographics • The detailed competitive lands cape in the Liechtens tein ins urance indus try • The various dis tribution channels in the Liechtens tein ins urance indus try • Details of regulatory policy applicable to the Liechtens tein ins urance indus try • Analys is of natural hazards in Liechtens tein Scope This report provides a comprehens ive analys is of the ins urance indus try in Liechtens tein: • It provides his torical values for the Liechtens tein ins urance indus try for the report’s 2010–2014 review period, and projected figures for the 2014–2019 forecas t period. • It offers a detailed analys is of the key s egments in the Liechtens tein ins urance indus try, with market forecas ts to 2019. • It covers an exhaus tive lis t of parameters , including written premium, total as s ets and total inves tment income. • It analyzes the various dis tribution channels in Liechtens tein. • It profiles the top ins urance companies in Liechtens tein and outlines the key regulations affecting them. Reas ons To Buy • Make s trategic bus ines s decis ions us ing in-depth his toric and forecas t market data related to the Liechtens tein ins urance indus try and each s egment and category within it. • Unders tand the demand-s ide dynamics , key market trends and growth opportunities in the Liechtens tein ins urance indus try. • As s es s the competitive dynamics in the Liechtens tein ins urance indus try. • Identify growth opportunities and market dynamics in key s egments . • Gain ins ights into key regulations governing the Liechtens tein ins urance indus try and their impact on companies and the indus try's future. Key Highlights • Following trade treaties with Switzerland and members hip acces s to the European Economic Area (EEA), Liechtens tein is the only country with direct acces s to both Switzerland and the EEA. Since its acces s ion to the EEA, Liechtens tein has adopted a low tax rate s ys tem, encouraging bus ines s from Swis s and other EEA countries . • The ins urance indus try is driven by offs hore bus ines s ; over 99.0% of revenues


were generated from the EU and Switzerland in 2014. • Growth in life ins urance was a res ult of ris ing demand for fund- and unit-linked products , while growth in the non-life and pers onal accident and health s egments was driven by compuls ory building, health and fire ins urance. • The indus try’s outlook remains optimis tic, given improving bus ines s and economic conditions in key EU member s tates . Contents:

Table of Contents 1 Key Facts and Highlights 2 Executive Summary 3 Economy and Demographics 4 Liechtens tein Ins urance Indus try Overview 4.1 Liechtens tein Ins urance Indus try 5 Life Ins urance 6 Non-Life Ins urance 7 Dis tribution Channel Outlook 8 Natural Hazards 8.1 Earthquakes 9 Competitive Lands cape 9.1 Overview 9.2 Ins urance Companies 9.2.1 Valorlife Life Ins urance Ltd – company overview 9.2.2 Balois e Life (Liechtens tein) AG – company overview 9.2.3 Elips Life AG – company overview 9.2.4 Nucleus Life AG – company overview 9.2.5 Quantum Leben – company overview 10 Governance, Ris k and Compliance 10.1 Legis lation Overview and His torical Evolution 10.2 Lates t Changes in Regulations 10.3 Legis lation and Market Practice by Type of Ins urance 10.3.1 Life ins urance 10.3.2 Property ins urance 10.3.3 Motor ins urance 10.3.4 Liability ins urance 10.3.5 Marine, aviation and trans it ins urance 10.3.6 Pers onal accident and health ins urance 10.4 Compuls ory Ins urance 10.4.1 Motor third-party liability ins urance 10.4.2 Profes s ional indemnity ins urance for intermediaries 10.4.3 Buildings ins urance agains t ris ks of occurrence of fire and natural dis as ters 10.5 Supervis ion and Control 10.5.1 International As s ociation of Ins urance Supervis ors (IAIS) 10.5.2 European Ins urance and Occupational Pens ions Authority (EIOPA) 10.5.3 Financial Market Authority 10.6 Non-Admitted Ins urance Regulations 10.6.1 Overview 10.6.2 Intermediaries 10.6.3 Market practices 10.6.4 Fines and penalties 10.7 Company Regis tration and Operations 10.7.1 Types of ins urance organization 10.7.2 Es tablis hing a local company 10.7.3 Foreign owners hip 10.7.4 Types of licens e 10.7.5 Capital requirements 10.7.6 Solvency margins 10.7.7 Res erve requirements 10.7.8 Inves tment regulations 10.7.9 Statutory return requirements 10.7.10 Fee s tructure 10.8 Taxation 10.8.1 Ins urance premium or policy taxation 10.8.2 Withholding taxes on premium paid overs eas 10.8.3 Corporate tax 10.8.4 VAT 10.8.5 Captives 10.9 Legal Sys tem 10.9.1 Introduction 10.9.2 Acces s to court 10.9.3 Alternative dis pute res olution (ADR) 11 Definitions and Methodology 11.1 Definitions 11.2 Methodology 12 About Timetric 12.1 Contact Timetric 12.2 About Timetric


12.3 Timetric’s Services 12.4 Dis claimer Lis t of Tables Table 1: Liechtens tein Ins urance Indus try – Key Facts Table 2: Liechtens tein Government Credit Ratings Table 3: Gros s Written Premium – Country Shares , 2013 Table 4: Liechtens tein Ins urance Gros s Written Premium by Segment (CHF Million), 2010–2014 Table 5: Liechtens tein Ins urance Gros s Written Premium by Segment (US$ Million), 2010–2014 Table 6: Liechtens tein Ins urance Gros s Written Premium by Segment (CHF Billion), 2014–2019 Table 7: Liechtens tein Ins urance Gros s Written Premium by Segment (US$ Billion), 2014–2019 Table 8: Liechtens tein Ins urance – Segmentation by Gros s Written Premium (Percentage Share), 2010–2019 Table 9: Liechtens tein Ins urance – Direct Written Premium by Segment (CHF Million), 2010–2014 Table 10: Liechtens tein Ins urance – Direct Written Premium by Segment (US$ Million), 2010–2014 Table 11: Liechtens tein Ins urance – Direct Written Premium by Segment (CHF Billion), 2014–2019 Table 12: Liechtens tein Ins urance – Direct Written Premium by Segment (US$ Billion), 2014–2019 Table 13: Liechtens tein Ins urance – Segmentation by Direct Written Premium (Percentage Share), 2010–2019 Table 14: Liechtens tein Life Ins urance – Total As s ets (CHF Billion), 2010–2014 Table 15: Liechtens tein Life Ins urance – Total As s ets (CHF Billion), 2014–2019 Table 16: Liechtens tein Non-Life Ins urance – Total As s ets (CHF Billion), 2010–2014 Table 17: Liechtens tein Non-Life Ins urance – Total As s ets (CHF Billion), 2014–2019 Table 18: Liechtens tein Number of Regis tered Ins urance Intermediaries , 2010–2014 Table 19: Liechtens tein – Average Annual Los s by Hazard Table 20: Valorlife Life Ins urance Ltd – Key Facts Table 21: Balois e Life (Liechtens tein) AG – Key Facts Table 22: Elips Life AG – Key Facts Table 23: Nucleus Life AG – Key Facts Table 24: Quantum Leben – Key Facts Table 25: Liechtens tein – Ins urance Regulatory Framework Key Features Table 26: Liechtens tein – Life Ins urance Regulatory Framework Table 27: Liechtens tein – Property Ins urance Regulatory Framework Table 28: Liechtens tein – Motor Ins urance Regulatory Framework Table 29: Liechtens tein – Liability Ins urance Regulatory Framework Table 30: Liechtens tein – Corporate Tax Rates for the Financial Year 2016 Table 31: Ins urance Indus try Definitions Lis t of Figures Figure 1: Liechtens tein Real GDP, 2010–2019 Figure 2: CHF–US$ Exchange Rate, 2010–2019 Figure 3: Liechtens tein Cons umer Price Inflation, 2010–2019 Figure 4: Liechtens tein Unemployment Rate, 2010–2019 Figure 5: Liechtens tein Population by Age Group, 1991–2025 Figure 6: Liechtens tein Ins urance Gros s Written Premium by Segment (CHF Billion), 2010–2019 Figure 7: Liechtens tein Ins urance – Gros s Written Premium Market Dynamics by Segment, 2010–2019 Figure 8: Liechtens tein Ins urance – Direct Written Premium by Segment (CHF Billion), 2010–2019 Figure 9: Liechtens tein Ins urance – Direct Written Premium Market Dynamics by Segment, 2010–2019 Figure 10: Liechtens tein Life Ins urance – Total As s ets (CHF Billion), 2010–2014 Figure 11: Liechtens tein Life Ins urance – Total As s ets (CHF Billion), 2014–2019 Figure 12: Liechtens tein Life Ins urance – Total Inves tment (CHF Billion), 2010–2014 Figure 13: Liechtens tein Non-Life Ins urance – Total As s ets (CHF Billion), 2010–2014 Figure 14: Liechtens tein Non-Life Ins urance – Total As s ets (CHF Billion), 2014–2019 Figure 15: Liechtens tein Non-Life Ins urance – Total Inves tment (CHF Billion), 2010 –2014 Figure 16: Liechtens tein Non-Life Ins urance – Penetration (%), 2010–2014 Figure 17: Liechtens tein Non-Life Ins urance – Direct Premium per Capita (CHF), 2010 –2014 Figure 18: Liechtens tein – The Three Pillars of Solvency II Figure 19: Liechtens tein – Ins urance Supervis ion and Control at Various Levels Figure 20: Liechtens tein – Ins urance Regulatory Frameworks for Company Regis tration and Operation, 2014


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