STATISTICS: CEE, 1H2017: The Top 5 markets - Poland, the Czech Rep, Hungary, Slovenia, Romania - account for over 78% of the regional GWP
Life insurance premiums volume went up by almost 7%, to EUR 6.48 billion, while the non-life insurance segment saw a GWP increase of 16.3%, to EUR 11.8 billion. The motor insurance lines, especially the MTPL insurance sub-class, were the actual growth drivers.
Poland has recorded the most impressive growth, with GWP going up at a double digit rate usually specific to the less developed markets, of 21.25%. Thus, with a total volume of written premiums of EUR 7.47 billion, Poland accounts for almost 41% of the regional insurance business, increasing its weight in the regional portfolio by some 2 percentage points. It is worth mentioning, though that unlike in the precedent years, when the Polish market's overall performance was determined by the life insurance segment's evolution, this time the decisive factor was the MTPL line's growth.
The regional Top 5 is completed by:
- The Czech Republic, with GWP of EUR 2.9 billion, corresponding to a 16% share of the CEE insurance premiums;
- Hungary - EUR 1.5 billion in GWP, 8.6% CEE market share
- Slovenia - EUR 1.16 billion in GWP, 6.4% CEE market share
- Romania - EUR 1.1 billion in GWP, 6.03% CEE market share
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