CEE, FY2017: GWP and paid claims increased at the same pace: 11.5%

The CEE insurance market saw a 11.5% y-o-y growth in 2017, statistical data gathered by XPRIMM show. Overall, GWP amounted to EUR 36.12 billion. With a similar increase, paid claims reached almost EUR 22 billion. The forthcoming issue of the XPRIMM Insurance Report for FY2017, to be launched on May 14, will present in depth information in this regard.

While all CEE insurance markets have recorded positive growth rates, four of them have reported outstanding, double digit increases of the GWP volume: Poland (18%), Latvia (21.3%), Lithuania (11.7%) and Estonia (10.1%).

On the paid claims side, many of the region's markets have experienced significant increases in the suns paid by insurers, mostly driven by the extreme weather events occurred last year.

Poland maintained its unquestionable top position in regional ranking, accounting for 41.4% of the region's GWP. Czechia ranks second (16.3% market share), followed by Hungary (8.5%) and Slovenia (6%). The Slovak and Romanian markets have closely competed for the fifth position, with market shares differentiated by only 0.03%: the Slovak Republic (5.91% -based on the unaudited results), Romania (5.88%).

The forthcoming edition of the XPRIMM Insurance Report will present an in-depth analysis of the regional market performance in 2017, also providing for regional rankings on the main business lines and detailed information concerning each market of the region. The report will also contain regional and country by country information for the CIS and SEE regions.

XPRIMM Insurance Report FY2017 - CEE, SEE & CIS will be officially released on May 14, on the occasion of the International Market Trends Conference at FIAR - The International Insurance-Reinsurance Forum (Bucharest, 13 - 16 May). Participants to the conference will benefit from a complimentary copy of the report.

Click here  to order a copy of the XPRIMM Insurance Report FY2017 - CEE, SEE & CIS.

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

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