STATISTICS: Regional CEE, SEE & CIS insurance markets statistics 1H2015 available online for xprimm subscribers

The CEE insurance industry saw a 0.65% average growth rate in 1H2015, to a total GWP volume of EUR 16,655.8 million. The Czech Republic and Slovakia were the only countries ending the first half of the year with a negative change in GWP, of 4.99% and 2.8% respectively. In both cases the life insurance segment is entirely responsible for the negative trend.

On the positive side, Albania and Serbia recorded the best dynamics, both of them benefiting in a high degree from the MTPL line growth. In addition, the Serbian market also saw a double digit increase in the life insurance GWP.

Unlike all other periods, this time Poland, the leading regional market, had a little say in on the region's evolution, as its GWP volume remained almost unchanged in 1H2015, as compared with 1H2014.

Claims paid by the CEE insurers went up by 2%, to EUR 9,910.45 million, a large part of the claims expenses' increase coming from the compensations paid for the property insurance lines in Bulgaria and the ex-Yugoslavian area. The almost EUR 100 million increase in the claims paid by the Polish insurers for the MTPL line had also a significant contribution to the total increase.

As far as the SEE and CIS regions are concerned, it is hard to speak about them in regional terms, as both are fully dominated, in GWP terms, by the Turkish and Russian insurance markets, respectively, while on other respects the diversity makes almost impossible any consolidation. As such, the country by country approach remains the only correct one. In this context, the two "protagonists" have seen in 1H2014 a very different evolution: while Turkey continued its constant growth, although at somehow more modest rates as compared with the previous periods, Russia continued to hold its unchallenged dominant position in the CIS, in GWP terms, but recorded the poorest dynamic in the last years.

Click here and find:
  • 1H2015 CEE Overall Insurance Market Data
  • 1H2015 CEE Life Insurance Market Data
  • 1H2015 CEE U-L Insurance Market Data
  • 1H2015 CEE Non-life Insurance Market Data
  • 1H2015 CEE Motor Hull Insurance Market Data
  • 1H2015 CEE MTPL Insurance Market Data
  • 1H2015 CEE Property Insurance Market Data
  • 1H2015 CEE GTPL Insurance Market Data
  • 1H2015 CEE Full lenght non-life insurance ranking
  • 1H2015 CEE Full lenght life insurance ranking
  • 1H2015 SEE Overall Insurance Market Data
  • 1H2015 CIS Overall Insurance Market Data

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

Share |

Related articles

IGI appoints its first Chief Technology Officer

International General Insurance Holdings Limited (IGI), the international specialist commercial insurer and reinsurer, has announced the appointment of Nasser ZAGHA to the newly-created role of Chief Technology Officer.

2018-11-15

Thierry DEREZ resigned from SCOR's Board of Directors

Thierry DEREZ, chief executive of COVEA, has resigned from the Board of SCOR, thus putting an end to a conflictual situation that lasted several months following the rejected EUR 8.2 million takeover bid placed by COVEA in September.

2018-11-14

CyberCube partners with CNA

Partnership enables CNA to broaden cyber insurance underwriting capabilities and address the emerging challenges in measuring cyber aggregation risk

2018-11-08

Generali nine-month results: Operating result and net profit improve. Life net cash inflows rebound. Capital position remains solid even with highly volatile markets

In the first nine months of 2018, Generali's operating result increased to EUR 3.6 billion, up 3.9% as a result of improvements in all business segments. Also, premiums increased by 6.1% to nearly EUR 50 billion thanks to the growth in both business segments, with an acceleration in Property & Casualty (+2.7%). Net profit increased to EUR 1,855 million (+26.8%), also thanks to the positive non-operating performance and the result from disposals.

2018-11-08

Munich Re affirms profit guidance despite natural catastrophes - quarterly profit of EUR483m

Despite high losses owing to Typhoon Jebi and Hurricane Florence (around EUR300m each), MUNICH Re posted, in Q1-3, a profit of EUR2,038m and is thus on track to achieve its profit target of EUR2.1-2.5bn. The company also highlights a robust growth in property-casualty reinsurance and that the profit guidance for ERGO raised to at least EUR350m, following good Q1-3.

2018-11-07

ON THE MOVE

IGI appoints its first Chief Technology Officer

International General Insurance Holdings Limited (IGI), the international specialist commercial insurer and reinsurer, has announced the appointment of Nasser ZAGHA to the newly-created role of Chief Technology Officer.

15.11.2018

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