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NEWS ALERT
November 17th, 2011
 
 
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NEWS ALERT
CROATIA: Timid signs of the GWP falling trend slowdown
The Croatian insurance market showed an y-o-y almost steady status by the end of 3Q2011, in nominal terms and the local currency. However, the 2011 GWP figures are 1.19% lower than 12 months ago, by the end of September 2010, coming down under the HRK 7 billion threshold. Both in real terms, considering the y-o-y 2.6% inflation rate registered, or calculated in European currency, the market turnover went down by about 3.8 percentage points, to EUR 932.33 million. Compared to the half year results, one could observe a slight flattening trend of the downward curve.

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

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KAZAKHSTAN: A season for upgrades
Last week, SANDARD & POORS has upgraded Kazakhstan's rating one step to BBB+, the third-lowest investment grade, with a stable outlook, citing the effect of rising commodity exports on fiscal and current account surpluses. The agency now rates Kazakhstan one level higher than Russia, two higher than Brazil and the same as Thailand, Ireland and Thailand. Kazakhstan holds 3% of the world's crude reserves, compared with 5.6% for Russia, according to Bloomberg data.

Access www.xprimm.com and download the 3Q 2011 Kazakh insurance market statistics.

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