Both motor insurance classes recorded a negative change in GWP, at regional level - Motor Hull GWP went down by 2.5% y-o-y, while MTPL premiums volume decreased by 3.69%. Yet, in the CEE non-life portfolio, motor insurance classes still account together for an over 52% share in the GWP volume while the overall business evolution was less dramatic than expected.
Difficult business conditions provided not only for unprecedented challenges, but functioned also as a strong incentive for innovation and technological improvement in the sector. As such, the first half of 2020 was rich in changes and may easily qualify as a really tough stress test for the motor insurance industry.
Wednesday, 4 November, 14.00 hours EEST, a new edition of the XPRIMM TIME FOR BUSINESS show will bring you the opportunity of meeting the latest edition of the XPRIMM Motor Insurance Report, as well as some of its main contributors:
- Christopher MERL, Senior Solutions Manager, EMEA, Swiss Re
- Berk BACAKOGLU, Chief Information Officer(CIO), SBM- Insurance Information and Monitoring Center, Turkey
- Madalin ROSU, President Romanian Motor Insurers Bureau (BAAR); Member of the Board OMNIASIG-VIG
Join us Wednesday, 4 November, 14.00 hours EEST on the XPRIMM YouTube Channel!