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NEWS ALERT
December 6th, 2011
 
 
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NEWS ALERT
BULGARIA: ALLIANZ Life and DZI, market leaders after the first 9 months
The latest statistics published by FSC - Financial Supervision Commission indicate for the first nine months of 2011, a 0.5% increase of the Bulgarian insurance market, reaching EUR 589 million (BGN 1.15 billion).

Access www.xprimm.com and download the 3Q2011 Bulgarian insurance market statistics.

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HUNGARY: market watchdog confirms a 2.7% fall in GWP in 3Q2011
The Hungarian insurance market 3Q2011 aggregated results recently published by PSZAF (Hungarian Financial Supervision Authority) broadly confirm the figures released by MABISZ, the insurers association. Thus, GWP amounted HUF 618.6 billion (EUR 2.12 billion), down 2.7% in nominal terms, as compared with the same period of 2010. The over 5% y-o-y depreciation of the Hungarian currency in relation to Euro makes the change even worse when calculated in European currency, showing a 7.68% fall in the markets' volume. Still, in terms of profitability, PSZAF's statistics show an aggregated EUR 62 million profit after tax for the Hungarian insurers.

Access www.xprimm.com and download the 3Q2011 Hungarian insurance market statistics.

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ESTONIA: The market continued to decline in 3Q2011
In January-September 2011, the gross written premiums of insurance companies in Estonia decreased by 5.2%, reaching EUR 302 million, compared with total underwritings in the correspondent period of 2010. Claims paid by insurers amounted to EUR 193 million according to official data published by the Financial Supervision Authority of Estonia.

Access www.xprimm.com and download the 3Q2011 Estonian insurance market.

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