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Friday, 28 March 2014

Reinsurance in Cyprus, Key Trends and Opportunities to 2017 :Industry Growth Report Avaialble at include new market research report"Reinsurance in Cyprus, Key Trends and Opportunities to 2017 " to its huge collection of research reports.

Synopsis The report provides in depth market analysis, information and insights into the Cypriot reinsurance segment, including: 
The Cypriot reinsurance segment's growth prospects by reinsurance categories
Key trends and drivers for the reinsurance segment
The Cypriot reinsurance segment’s growth prospects by reinsurance ceded from direct insurance segments
The competitive landscape in the Cypriot reinsurance segment

Executive summary 
The Cypriot reinsurance segment registered a compound annual growth rate (CAGR) of 8.1% during the review period (2008–2012). The primary application of reinsurance in Cyprus is to manage exposure to weather-related events. Although not particularly vulnerable to natural disasters, Cyprus is highly exposed to floods, storms, extreme temperatures and earthquakes. The majority of reinsurance revenues are generated from the non-life segment, which ceded an average of 35.0% of its written premium during the review period, compared with 11.8% and 24.8% for the life and personal accident and health segments. A decline in economic activities has kept industrial, commercial and private insurance property rates almost flat. Motor insurance rates also came under pressure due to a sharp drop in demand in the automobile sector. The implementation of infrastructure projects such as oil and gas, and leisure-related projects will support demand for reinsurance over the forecast period. 
Scope This report provides a comprehensive analysis of the reinsurance segment in Cyprus: 

It provides historical values for Cyprus’s reinsurance segment for the report’s 2008–2012 review period and projected figures for the 2012–2017 forecast period.
It offers a detailed analysis of the key sub-segments in Cyprus’s reinsurance segment, along with market forecasts until 2017.
It provides a detailed analysis of the reinsurance ceded from various direct insurance segments in Cyprus and its growth prospects.

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Reasons to buy 

Make strategic business decisions using in-depth historic and forecast market data related to the Cypriot reinsurance segment and each sector within it
Understand the demand-side dynamics, key market trends and growth opportunities within the Cypriot reinsurance segment
Identify the growth opportunities and market dynamics within key product categories
Gain insights into key regulations governing the Cypriot insurance industry and its impact on companies and the market's future

Key highlights 

The Cypriot reinsurance segment registered a compound annual growth rate (CAGR) of 8.1% during the review period
The primary application of reinsurance in the Cyprus is to manage exposure to weather-related events
The Cypriot insurance and reinsurance segment is highly competitive, with numerous domestic and foreign insurers operating on the island
The absence of any major natural disasters, coupled with stable capacity, meant that Cypriot reinsurance renewal rates remained almost flat

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