Exclusive extracts from this 199 page-long report:
- What is the business?
The insurance business consists of investing collected premiums to make a profit. Insurers reimburse policy holders once a loss is incurred or once the policy matures. The present report focuses on non-life insurance activities in Europe, including health lines and property and casualty businesses. Non-life insurance covers a broad array of policies ranging from automobile and home insurance to private health, travel and personal accident insurance. Additionally, insurers provide a wide choice of specialised policies for corporations. […]
- Who are the key players?
Dominant non-life insurers in Europe come from Western markets. While they have built a presence in high-growth markets in Asia and Latin America, leading European insurers' revenues are generated mainly on the Old Continent. [...]
Companies analysed in the report include: ALLIANZ, AXA, GENERALI, ZURICH INSURANCE, MAPFRE, CHUBB, MUNICH RE, CNP ASSURANCES, TALANX, COVEA, UNIPOL GRUPPO, GROUPAMA, RSA GROUP and ADMIRAL.
- How intense is competition?
Rivalry in the non-life insurance sectors is intense and has built up in recent years due to the weak economic settings in European markets. Competition has been intensified by a continued fall in insurance rates and commoditization. Additionally, technology has helped reduce barriers to entry, especially online, tilting the balance of power in favour of consumers. [...]
- What are the main markets?