STATISTICS: CEE , 3Q2017: The Polish, Czech and Hungarian insurers account together for two-thirds of the regional GWP

The CEE insurance market totaled EUR 25.78 billion at the end of September 2017, up by 9,8% y-o-y, according to the market figures collected and cetralised by XPRIMM.

Per segment, the aggregate value reported by CEE life insurers was of EUR 9.17 billion (equivalent to 35.59% of the total GWP), up by 5.03% over the first nine months of 2016. The remaining EUR 16.61 billion (64.41% of the total GWP) represented gross premiums written for the non-life insurance sub-classes, up by 12.61% compared to September 2016.

In case of the non-life segment, the largest contributions were made by the two motor classes (MoD and MTPL, summed-up): GWP of EUR 9.29 billion, of which EUR 3.40 billion - MoD (13.19% of total GWP) and EUR 5.89 billion - MTPL (22.84% of total GWP).

As in the previous reporting periods, the largest CEE insurance markets were: Poland (EUR 10.70 billion), the Czech Republic (EUR 3.57 billion) and Hungary (EUR 2.28 billion), the three mentioned markets generating about 65% of the total GWP.

On the other hand, Bosnia, Macedonia, Kosovo or Montenegro - all belonging from the geographic point of view to the former Yugoslavian space -, reported the lowest values in GWP.

In terms of growth rates, the most dynamic insurance industries were the three Baltic markets: Lithuania (+16.49%), Latvia (+15.21%) and Estonia (+10.58%).

Access and download the 3Q2017 comparative GWP (3Q2017 vs. 3Q2016, in European currency) for the following 17 CEE insurance markets: Albania, Bosnia, Bulgaria, Croatia, Czech Rep., Estonia, Hungary, Kosovo, Latvia, Lithuania, Macedonia, Montenegro, Poland, Romania, Serbia, Slovakia and Slovenia.

The presented statistics are made for the following LoB:


Related articles

Swiss Re completes public share buy-back programme 2017

Swiss Re announced that it has completed the 2017 public share buy-back programme of up to CHF 1.0 billion purchase value, authorised by the Annual General Meeting on 21 April 2017 and which it launched on 3 November 2017.




"Insurance and Pensions reloaded" - the 7th EIOPA Annual Conference

The 7th EIOPA Annual Conference takes place today in Frankfurt am Main, Germany. A review of the current supervisory covergence issues and of the prospects of the Pan European Personal Pension Product are on the event's agenda, together with analyzing the ways in which regulation may enable innovation.



"IIF2017 - Insurance in the DIGITAL World" Conference took place in Vienna

"IIF2017 - Insurance in the DIGITAL World" conference brought together in Vienna well-known insurance professionals from all over the world who analyzed the latest digital trends in the industry, taking into account the fast digitalization of the financial services providers' world, in particular in the insurance field, which is creating both huge opportunities and strong challenges for the players.



Croatian Insurance Days Live

On 9 November has started in Opatija, Croatia, the 2017 edition of the Croatian Insurance Days Conference, the traditional meeting of the Croatian insurance top professionals with their European peers. XPRIMM Publications are supporting the event as Media Partners.



The 2017 Baden Baden Meeting: Short recap

The Baden-Baden meeting, one of the key events in the reinsurance calendar, has just set the final point of this year's edition. XPRIMM Publications have reported from the meeting's premises. Let's recap!


Baden Baden Headlines 3: CEE insurance markets are attractive for reinsurers

Central and Eastern Europe insurance markets are an important source of business for Lloyds, total premium income from this region increasing by EUR 64 million since 2010, pointed out the Lloyd's representative in a seminar dedicated to CEE insurance markets: "We are seeing strong growth from Czech Rep, Poland, Slovakia and Ukraine. At the same time are some contractions from Russia, Bulgaria, Romania and Hungary due to challenging trading conditions as political implications and other sanctions".


Baden Baden Headlines 2: cyber insurance market set to grow under regulatory presure; nat cat events more frequent, but losses per event are decreasing

Asian insurance market, especially the Indian market - are considered to be "the new El-Dorado" of the global re/insurance market, with rapidly expanding markets and an dynamic environment: "Indian P&C re/insurance markets are expected to grow at a pace of 15% per annum", according  to Victor PEIGNET, CEO, Global P&C, SCOR SE. The French -based reinsurer setted-up its Indian branch in 2016, after the authorisation from the local market authority - IRDAI. India's re/insurance market has become more attractive for global companies following the relaxation of regulatory requirements, and lately, "big names" in the industry entered the market by opening branches: GEN Re, SCOR, Lloyd's of London, MUNICH Re, SWISS Re, Reinsurance Group of America (RGA), HANNOVER Re, XL Catlin and others.


See all