Liechtenstein Insurance Industry – Key Trends and Opportunities to 2027
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Liechtenstein Insurance Market Report Overview
The gross written premium of the Liechtenstein insurance market was CHF5.5 billion ($5.8 billion) in 2022. The market is expected to achieve a CAGR of more than 3% during 2023-2027. The Liechtenstein insurance market research report provides in-depth market analysis, information, and insights into the Liechtenstein insurance industry. It provides a detailed outlook by product category as well as values for key performance indicators such as gross written premium, penetration, premium accepted and ceded, profitability ratios, and premium by line of business, during the review and forecast periods.
Liechtenstein Insurance Market Outlook, 2022-2027 (CHF Billion)
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The Liechtenstein insurance market report also analyzes distribution channels operating in the segment and gives a comprehensive overview of the Liechtenstein economy and demographics. It further evaluates the competitive landscape, which entails information on segment dynamics, 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.
Market Size (2022) | CHF5.5 billion ($5.8 billion) |
CAGR (2023-2027) | >3% |
Forecast Period | 2023-2027 |
Historical Period | 2018-2022 |
Key Segments | · General Insurance
· Life Insurance |
Leading Companies | · PK Ruck
· Allianz · Berkley · Swiss Life · Starstone |
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Liechtenstein Insurance Market Trends
The key trends impacting the Liechtenstein insurance market are the rising demand for health insurance and asset insurance owing to increasing inflation and the Russia/Ukraine conflict. Insurers are coming up with new plans with asset insurance to cater to these demands. For instance, in May 2022, financial planner Rolf Klein and Vienna-Life developed a new enhanced asset security product called Private Wealth Policy to protect investors’ assets. It combines investment strategy, liquidity, pension planning, individual estate planning, and asset protection services into one solution. The policy can also be used by consultants and intermediaries.
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Liechtenstein Insurance Market by Segments
The key segments in the Liechtenstein insurance market are life insurance and general insurance. The general insurance segment dominated the Liechtenstein insurance market in 2022.
Liechtenstein Insurance Market Analysis by Segments, 2022 (%)
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Liechtenstein Insurance Market – Competitive Landscape
PK Ruck was the largest insurer within the total industry in 2022
A few of the key companies in the Liechtenstein insurance market are:
- PK Ruck
- Allianz
- Berkley
- Swiss Life
- Starstone
PK Ruck is an insurance company with more than 229,000 policyholders. It offers death and disability insurance, along with pension fund solutions. In 2022, PK Ruck was followed by Allianz Jete and Berkley.
Liechtenstein Insurance Market Analysis by Companies, 2022(%)
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Liechtenstein Insurance Market – Latest Developments
- On October 5, 2023, the Liechtenstein State Administration announced an increase in average compulsory health insurance premiums for 2024. The move aims to address rising healthcare costs.
- On September 6, 2023, the government amended the Ordinance to the Law on Old Age and Survivors’ Insurance (AHVV). The amendment was made to increase the administrative cost contribution for insurers.
Liechtenstein Insurance Market Segments Outlook (Value, CHF Billion, 2018-2027)
- Life Insurance
- General Insurance
Scope
This report provides a comprehensive analysis of the Liechtenstein insurance industry. It also offers:
- Historical values for the Liechtenstein insurance industry for the review period, 2018-2022, and projected figures for the forecast period, 2023-2027.
- A detailed analysis of the key categories in the Liechtenstein insurance industry and market forecasts up to 2027.
- Insights on top life insurance companies in Liechtenstein and outlines the key regulations affecting them.
- Analysis of distribution channels operating in the segment, an overview of the Liechtenstein economy and demographics, and also detailed information on the competitive landscape in the country.
- Values for key performance indicators such as gross written premium, penetration, premium accepted and ceded, profitability ratios, and premium by line of business, during the review and forecast periods.
Key Highlights
The report provides:
- Key insights and dynamics of the Liechtenstein insurance industry.
- A comprehensive overview of the Liechtenstein economy, government initiatives, and investment opportunities.
- The Liechtenstein insurance regulatory framework’s evolution, key facts, taxation regime, licensing, and capital requirements.
- The Liechtenstein insurance industry’s structure and details of lines of business.
- Liechtenstein’s reinsurance business’s market structure and details of the premium ceded along with cession rates.
Reasons to Buy
- Make strategic business decisions using in-depth historical and forecast market data related to the Liechtenstein insurance industry, and each category within it.
- Understand the demand-side dynamics, key market trends, and growth opportunities in the Liechtenstein insurance industry.
- Assess the competitive dynamics in the Liechtenstein insurance industry.
- Identify growth opportunities and market dynamics in key product categories.
Allianz Risk
Berkley
Liechtenstein Life
Elips Life
Swiss Life
Quantum
Fortuna
Table of Contents
Frequently asked questions
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What was the Liechtenstein insurance market gross written premium in 2022?
The gross written premium of the Liechtenstein insurance market was CHF5.5 billion ($5.8 billion) in 2022.
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What will the growth rate of the Liechtenstein insurance market be during the forecast period?
The insurance market in Liechtenstein is expected to achieve a CAGR of more than 3% during 2023-2027.
-
Which segment dominated the Liechtenstein insurance market in 2022?
The general insurance segment dominated the Liechtenstein insurance market in 2022.
-
Who are the major companies operating in the Liechtenstein insurance market?
A few of the key companies in the Liechtenstein insurance market are PK Ruck, Allianz, Berkley, Swiss Life, and Starstone.
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