THE CEE COUNTRIES IN THE EUROPEAN. Daniela GHEłU Editorial Director PRIMM Publications - Insurance & Pensions

Transcription

1 THE CEE COUNTRIES IN THE EUROPEAN INSURANCE LANDSCAPE Daniela GHEłU Editorial Director PRIMM Publications - Insurance & Pensions

2 Summary Place of the CEE markets in the European landscape CEE Market structure and main indicators Market leaders in CEE The trend-setters

3 CEE countries AL BIH BG HR CZ EE HU LV LT MK PL RO SK SI RS Albania Bosnia and Herzegovina Bulgaria Croatia Czech Republic Estonia Hungary Latvia Lithuania Macedonia Poland Romania Slovakia Slovenia Serbia and Montenegro Source: OECD

4 The CEE markets in the European landscape CEE market share in 2007 The CEE countries 3% market share, of which 1% Poland CEE Region 3% Switzerland 3% Belgium 3% Spain 5% The Netherlands 7% Italy 9% Other European countries 13% Germany 14% United Kingdom 26% France 17% Source: CEA, national supervision authorities, insurers associations

5 The CEE markets in the European landscape GWP in the CEE markets in 2008, against 2007 Euro bil BG RS LT LV EE BIH MK AL 0 PL CZ HU RO SK SI HR BG RS LT LV EE BIH MK AL Source: national supervision authorities, insurers associations

6 The CEE markets in the European landscape GWP in the CEE markets in 2008, against 2007 % ,31% 16,91% 2,97% TOTAL 08/07 LIFE 08/07 NON-LIFE 08/ PL CZ HU RO SK SI HR BG RS LT LV EE MK AL Source: national supervision authorities, insurers associations

7 The CEE markets in the European landscape Claims in the CEE markets in 2008, against % % -0.38% Source: national supervision authorities, insurers associations

8 CEE Market structure and main indicators Life insurance share in the CEE markets PL SK HU CZ SI EE LT HR RO BG BIH RS AL LV MK CEE average 48.67% CEA average 62,3% Life Non-Life Poland the only CEE market with a life share close to the European average 0% 20% 40% 60% 80% 100% Source: CEA, national supervision authorities, insurers associations

9 CEE Market structure and main indicators CEE insurance portfolio 2008 CEA % 1.10% 7.28% 29.40% 3.91% 48.97% Life Accidens & health Motor Property GTPL Other Source: CEA, national supervision authorities, insurers associations

10 CEE Market structure and main indicators CEE insurance penetration degree European average 8% BG HR CZ EE HU LV LT PL RO SK SL Source: CEA, national supervision authorities, insurers associations

11 ALBANIA

12 BULGARIA

13 CZECH REPUBLIC

14 CROATIA

15 HUNGARY

16 LATVIA

17 LITHUANIA

18 MACEDONIA

19 POLAND

20 SERBIA

21 SLOVAKIA

22 SLOVENIA

23 Top 20 LIFE INSURANCE

24 Top 20 NON - LIFE INSURANCE

25 Trend-setters Most known European brands are present in the CEE markets, in top positions Very few domestic companies left

26 Conclusions CEE insurance markets are still small, compared to the mature Western markets Low insurance density and penetration High dynamic Underdeveloped business lines Life insurance GTPL accident & health insurance Fast growing economies recession insurance growth slow down still high potential AN INTERESTING PLACE TO DO BUSINESS

27 Thank you for your attention!