Personal Accident and Health Insurance in Sweden, Key Trends and Opportunities to 2017

Date: 2015-09

The personal accident category accounted for the second-largest share of 20.9% in 2012, after recording a review-period CAGR of -19.2%. The category was adversely affected by the financial crisis, with the premium value declining by 89.2% in 2009. Swedes prioritized temporary liquidity requirements over hedging purposes such as personal accident insurance. However, with the easing of economic conditions in 2010, Swedes again allocated finances to personal accident insurance. Consequently, the category registered an annual growth rate of 257.1% in 2010. Over the forecast period, the categoryโ€™s written premiums are expected to increase at a forecast-period CAGR of 5.1%.

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