Reinsurance in Sweden, Key Trends and Opportunities to 2019
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In 2014, Sweden’s reinsurance segment remained soft, with declining renewal rates and reinsurers offering extended terms and conditions. Excess capacity in the segment led to a 10–15% fall in reinsurance premium prices in 2014. There is also a growing prevalence of multi-year agreements between insurers and reinsurers.
The presence of multinational reinsurers such as German-based Hannover Rück SE (Hannover Re) and Revios Sweden Reinsurance Co. Ltd, a subsidiary of French-based reinsurance group Scor, makes the segment highly competitive. Favorable regulations are expected to result in the entry of more foreign reinsurers, intensifying competition in the segment up to 2019.
The premium accepted by the Swedish reinsurance segment rose from SEK13.2 billion (US$1.8 billion) in 2010 to SEK14.0 billion (US$2.0 billion) in 2014.
Scope
• The Swedish reinsurance segment’s growth prospects by reinsurance ceded from direct insurance
• A comprehensive overview of the Swedish economy and associated demographics
• Detailed analysis of natural hazards and their impact on the Swedish insurance industry
• The competitive landscape in the Swedish reinsurance segment
• Historical values for the Swedish reinsurance segment for the report’s 2010 to 2014 review period, and projected figures up to 2019
• A detailed analysis of the key categories in the Swedish reinsurance segment, and market forecasts to 2019
Key Highlights
What impact did the high frequency of natural disasters in 2014 have on claims and premiums in the Swedish reinsurance market?
Which players are predominant in Swedish reinsurance and how do they maintain their position in the industry?
What was the CAGR of the premium accepted by the Swedish reinsurance segment during the review period?
Which key industry legislation came into force in Sweden on January 1, 2016?
Which class of insurer is authorized to offer direct insurance and reinsurance under a single license in Sweden?
Reasons to Buy
• Make strategic business decisions in the Swedish reinsurance segment utilizing GlobalData’s in-depth historic and forecast market data
• Evaluate key market drivers and trends to identify new opportunities for growth
• Assess the overall market dynamics to ensure you are best places to maximize your competitive advantage
• Investigate key regulations and other recent developments in the Swedish reinsurance market to ensure you satisfy changing standards of conduct and compliance
Revios Sweden Reinsurance Co. Ltd
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