Personal Accident and Health Insurance in Malta, Key Trends and Opportunities to 2019
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Personal accident and health insurance was the fastest-growing segment during the review period, posting a substantial CAGR. Growth was driven by six key factors, including a favorable regulatory framework. It was supported by Malta’s business-friendly environment, including a low tax regime and direct access to other EU markets. These indicators are expected to remain favorable over the forecast period up to 2019.
Private and public healthcare coexist in Malta. The Maltese public healthcare system offers healthcare services that are free of charge at point of use, but costs of prostheses and medications need to be borne by the patient through out-of-pocket expenditure or private health insurance. Maltese residents using the public healthcare system often purchase additional private health insurance to access a wider range of services, shorter waiting times and higher standards of care.
Domestic and road accidents, water sports and adventure activity accidents are not covered by public health insurance, and require private personal accident insurance. Similarly, personal injuries caused by natural hazards must be covered by a private policy by paying an additional risk-adjusted premium.
Scope
• The Maltese personal accident and health insurance segment’s growth prospects by insurance category
• Analysis of the key trends, drivers and challenges for the personal accident and health insurance segment
• Detail on the various distribution channels in the Maltese personal accident and health insurance industry
• An overview of the competitive landscape
• Key developments in the personal accident and health insurance segment
• An assessment of the new products launched by Maltese insurers
• Historical values for the Maltese personal accident and health insurance segment for the report’s 2010 to 2014 review period, along with projected figures up to 2019
• A series of profiles of the leading accident and health insurance companies
• Comprehensive coverage of parameters in the Maltese personal accident and health insurance segment, including: written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets, total investment income and retentions
• An overview of Malta’s economy and demographics
Key Highlights
How robust was the CAGR of the personal accident and health insurance segment during the review period?
Which factor is expected to contribute to a rise in the volume of personal accident and health products in Malta?
What is the penetration rate of health insurance in Malta in comparison to other European countries such as the UK, Germany and France?
What was the key driver of health insurance sales during the review period and is also anticipated to continue driving the category to 2019? Which factor is set to drive growth in private health insurance over the forecast period?
Which three factors are expected to support the emergence of e-commerce over the forecast period? What potential does this channel offer to insurers in regard to premiums?
Reasons to Buy
• Make strategic business decisions utilizing GlobalData’s in-depth historic and forecast market data on each category within the Maltese personal accident and health insurance segment
• Evaluate the key market trends and growth opportunities in the personal accident and health insurance segment in Malta. Assess the new products and the propositions behind them, whilst evaluating the opportunities these represent to support your expansion strategy
• Analyze the regulatory developments in the Maltese insurance industry and ensure you are compliant
• Identify the market dynamics and streamline your provisions to ensure your marketing is efficiently received and cost effective
• Investigate historic and forecast values and assess the growth patterns in the category, to target your operations and formulate strategies that minimize risk
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