Among the 17 markets included in the CEE region's statistics, Bulgaria has recorded the highest growth rate (17.17%), followed by Montenegro (11.5%), these being in fact the only two markets reporting double-digit growth rates. Yet, in absolute terms, the most significant increases in premium volume were seen in the Czech Republic (+EUR 249 million), Hungary (+EUR 166.6 million), Bulgaria (+EUR 163.7 million), Slovenia (+EUR 123 million) and Romania (+EUR 104.4 million). At the opposite end, Poland was the sole market recording a negative overall trend, with GWP decreasing by almost EUR 98 million (~ 1% down).
The life insurance segment was once again the one driving the Polish market's negative trend and hampering the regional performance. Thus, the Polish market saw a 5.38% y-o-y decrease in premiums (EUR 206 million less). This was hardly offset by the positive dynamics recorded by the Czech market (almost 7% up y-o-y, meaning a plus of EUR 114 million in premiums), the Bulgarian one (16.2% up y-o-y or plus EUR 27 million in premiums) and a few other.
On the non-life side, GWP went up y-o-y by 5.36% at regional level, to EUR 19.38 billion, while claims paid increased by about 10%, to EUR 10.07 billion. Bulgaria, Hungary, Croatia and Montenegro were the markets recording double-digit positive growth rates, while no CEE market saw a negative trend. While motor insurance lines seem to be the main drivers of the GWP growth, the responsibility for the increasing claims expenses seems rather fairly split between the MTPL, Motor Hull and property insurance lines (classes III, VIII and X).
- Albania 3Q2019
- Bosnia and Herzegovina 3Q2019
- Bulgaria 3Q2019
- Croatia 3Q2019
- Czech Republic 3Q2019
- Estonia 3Q2019
- Hungary 3Q2019
- Kosovo 3Q2019
- Latvia 3Q2019
- Lithuania 3Q2019
- Montenegro 3Q2019
- North Macedonia 3Q2019
- Poland 3Q2019
- Romania 3Q2019
- Serbia 3Q2019
- Slovakia 3Q2019
- Slovenia 3Q2019
2591 views
