EIOPA: EEA insurers' assets amounted to EUR 11,385 billion by the end of 2017

By the end of 2017, the 2,195 EU insurers included in the EIOPA statistics, were holding assets worth EUR 11,385 billion, 0.34% up y-o-y. Liabilities amounted to EUR 9,894 billion, decreasing by about 0.3% y-o-y. Overall, excess of assets over liabilities amounted to EUR 1,491 billion.

Own funds and SCR main values were of:

  • Total available own funds to meet the SCREUR 1,548,312.67 million
  • Total available own funds to meet the MCREUR 1,513,948.31 million
  • Total eligible own funds to meet the SCREUR 1,536,992.33 million
  • Total eligible own funds to meet the MCREUR 1,453,740.91 million
  • SCREUR 647,246.64 million
  • MCREUR 226,820.72 million
The Ratio of Eligible own funds to SCR was of 2.37, while the Ratio of Eligible own funds to MCR was of 6.41.

Premiums written for non-life insurance (2006 submissions) amounted at the end of 2017 to EUR 567.4 billion, of which for gross direct business EUR 442.2 billion, for Gross - Proportional reinsurance accepted EUR 96.36 billion and Gross - Non-proportional reinsurance accepted EUR 28.28 billion. On the life insurance side, GWP amounted to EUR 836.12 billion.

The above data come from the latest quarterly statistics published by EIOPA. The European authority publishes statistics based on quantitative Solvency II reporting from insurance undertakings and groups in the European Union and the European Economic Area (EEA). The statistics contain aggregated country level information about the balance sheet, own funds, capital requirements, premiums, claims and expenses and refer to the latest information available at the extraction date. Data are also presented at EEA level.

In addition to the regular statistics, for the first time EIOPA is publishing new exposure statistics on the European insurance sector. This new data contains:
  • Detailed statistics on types of exposure as well as location of exposure both at European Economic Area and individual country level
  • Clear asset classifications including government bonds, commercial bonds and equity
  • Real estate exposures with a distinction between commercial and residential exposures
  • Raw aggregated exposure data to enable more in-depth analysis by end-users
The EIOPA insurance statistics which can be accessed via EIOPA's website. (link la https://eiopa.europa.eu/Pages/Financial-stability-and-crisis-prevention/Insurance-Statistics.aspx)

Follow XPRIMM Publications on LinkedIn, for more data on the insurance and financial industry.

Share |

Related articles

Five CEE re/insurers have an "A" rating from A.M. Best

Among the re/insurance companies rated by A.M.Best there are 23 entities domiciled in the CEE, SEE and CIS regions. Out of this total, 5 companies have an "a" Issuer Credit Rating (ICR) and an "A" Financial Strength Rating (FSR)

2018-12-06

A.M. Best announces ESMA registration for new Amsterdam office

A.M. Best has announced that it has been registered as a credit rating agency (CRA) by the European Securities and Markets Authority (ESMA) to provide ratings through its new subsidiary, A.M. Best (EU) Rating Services B.V., based in Amsterdam, the Netherlands.

2018-12-06

The CEE real estate market - increasing demand for title insurance

"Fifteen years after its introduction, title insurance continues to play a growing role in the CEE real estate market," Jean-Bernard WURM, Co-Founder & Managing Director of Secure Legal Title, London said talking to Property Forum about the trends in the CEE region's real estate sector.

2018-11-29

VIG's underwritings up by 2.9% in Q3; year end targets confirmed

Vienna Insurance Group (VIG) continued its stable upward trend in 3Q 2018, achieving a further improvement in key figures. Given the positive development, VIG disclosed for the year end a GWP EUR 9.5 billion target and a result before taxed expected figure of EUR 450 - 470 million.

2018-11-28

ON THE MOVE

MetLife named its EMEA head as CEO of Japan unit

MetLife announced that Eric CLURFAIN, currently Executive Vice President and Head of EMEA, has been named Chairman, President and CEO of MetLife Japan - the company's second largest market globally and its largest retail life insurance business, effective Feb. 1, 2019, following approvals.

06.12.2018

American International Group appoints new CFO

American International Group announced that it has appointed Mark LYONS to the role of Executive Vice President & Chief Financial Officer (CFO). He succeeds Sid SANKARAN, who will remain at AIG in an advisory capacity through the year-end reporting process for fiscal year 2018.

06.12.2018

Wolfgang STOCKMEYER appointed as VIG's BTA Baltic new Board Chairman

Wolfgang STOCKMEYER (49) has been appointed, on 30 November 2018, Chairman of the VIG's subsidiary BTA Baltic Management Board, as part of a series of changes in the composition of its Management Board operated by the main player of Austrian Group in the Baltic region.

05.12.2018

TOP EVENT

Reducing the risks in agriculture by using insurance means, discussed in Skopje

On November 1st, an Agricultural insurance conference took place in Skopje, Macedonia, organized by the Insurance Supervision Agency in cooperation with the Ministry of Agriculture, Forestry and Water Economy. Drawing attention to the necessity of reducing the risks in agriculture by using insurance was the event's main purpose.

06.11.2018

IIF 2018 - Insurance in a DIGITAL WORLD

Emmanuel DJENGUE, Innovation Director, Europe - RGAX, Spain is the Keynote Speaker at IIF 2018 - Insurance in a DIGITAL WORLD Conference in Bucharest, on November 27.

05.11.2018

See all