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Reinsurance in Cyprus, Key Trends and Opportunities to 2017 :Industry Growth Report Avaialble at ResearchMoz.us

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
Full Report @ http://www.researchmoz.us/reinsurance-in-cyprus-key-trends-and-opportunities-to-2017-report.html

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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