In fact, the entire portfolio structure only saw minor variations. The only changes exceeding 1 percentage point of share were seen on the life insurance segment, where the "annuities and supplementary insurance" class has lost 1.7 p.p., mostly on behalf of the Unit-Linked line, which gained 1.16 p.p. in portfolio weight. It is worth noting that the UL line recorded a 30.23% y-o-y growth in premiums, to EUR 141.16 million, while paid indemnities (including surrenders) went down by almost 10%, to EUR 106 million.
Non-life insurance lines have recorded, except for the health insurance line, a positive dynamic. Total GWP reached EUR 1.82 billion, with about EUR 101 million more than in 2018. About 70% of this positive difference was provided by motor insurance lines: Motor Hull (+EUR 40 million, 9% increase y-o-y, to EUR 485 million); MTPL (+EUR 32 million, 3.95% increase y-o-y, to EUR 834 million). Yet, one should also note that motor lines also have seen an almost 14% increase in the claims paid. On both motor lines, claims expenses increased significantly at a higher pace than premiums (17.6% vs. 9% for Motor Hull and 12% vs. 3.95% for MTPL).
Property insurance line saw a 7.3% increase in GWP, to EUR 280.7 million. At the same time, paid claims grew by an impressive 65.4% y-o-y, to EUR 77.36 million.
CITY Insurance, the absolute leader on the MTPL market, also tops the overall market ranking, with a market share of 17.34%, almost 3 p.p. over last year. ALLIANZ-TIRIAC ranks second, with 12.43% market share, followed by OMNIASIG VIG (11.90%).
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