Transcript Slide 1

XPRIMM Insurance
Report
AGREGATED REGIONAL RESULTS
COUNTRY RESULTS
TRENDS
COMPANIES
RANKINGS
MAJOR GROUPS
presents
CEE & Turkey
18 countries
Albania
Bosnia
Bulgaria
Croatia
Czech Rep.
Estonia
Hungary
Kosovo Territory
Latvia
Lithuania
Macedonia (FYROM)
Montenegro
Poland
Romania
Serbia
Slovakia
Slovenia
Turkey
Russia & CIS
11 countries
Armenia
Azerbaijan
Belarus
Kazakhstan
Kyrgyzstan
Rep. Moldova
Russia
Tajikistan
Turkmenistan
Ukraine
Uzbekistan
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Regional
Statistics
Xprimm.com – your gateway to the East
Country
Statistics
The CEE markets – 2010 results
December 31st, 2010
Lithuania
1.36%
Serbia
1.62%
Latvia
0.8%
Gross Written Premium
EUR 33.1 billion
Estonia other
1.3% 1.17%
Bulgaria
Croatia
2.22%
3.78%
Slovakia**
6.24%
Poland
40.97%
Slovenia
6.33%
Paid Claims
EUR 19.13 billion
 -2.97%
Romania
6%
Hungary
9.14%
2010/2009  7.40%
2009/2008  -7.63%
2008/2007 9.31%
Czech Republic
18.80%
The CEE markets – the 3 years crisis history
2008 – Hungary & Estonia – first markets hit by the crisis
– massive drop on the life lines (mainly single premium
and Unit-Linked)
The CEE markets – the 3 years crisis history
1H2009
– the downward trend covered the entire region
– life and motor lines = main factors of the fall
- the very small markets – still in possitive territory
The CEE markets – the 3 years crisis history
2009 – 1H2010
– first signs of negative trend slowing down; first markets
entering on the upward trail
-againg, life segment is the driver factor
The CEE markets – the 3 years crisis history
2010
- The “motor” dependent markets - delayed recovery
- Austerity measures are drying out the small markets’ growth
potential
CEE 2010 – GWP evolution
Country
Albania
Bosnia and Herzegovina
Bulgaria
Croatia
Czech Republic
Estonia
Hungary
Kosovo
Latvia
Lithuania
Macedonia
Montenegro
Poland
Romania
Serbia
Slovakia
Slovenia
CEE REGION
Overall GWP
2010
2009
EUR m.
EUR m.
58.74
178.53
730.60
1,251.76
6,224.27
425.54
3,024.35
71.20
270.71
449.46
105.37
61.92
13,559.33
1,988.89
537.36
2,066.67
2,094.34
33,099.07
Note: For Bulgaria, all presented data are for January-November 2010
56.58
173.15
859.74
1,288.05
5,447.22
366.81
3,050.53
67.80
317.73
446.60
101.06
64.22
11,865.08
2,093.25
559.98
1,985.38
2,074.32
30,817.52
Change 10/09
%
3.82
3.11
NA
-2.82
14.27
16.01
-0.86
5.01
-14.80
0.64
4.27
-3.58
14.28
-4.99
-4.04
4.09
0.97
7.40
Regional market share
2010
2009
%
%
0.18
0.54
2.21
3.78
18.80
1.29
9.14
0.22
0.82
1.36
0.32
0.19
40.97
6.01
1.62
6.24
6.33
100.00
0.18
0.56
2.79
4.18
17.68
1.19
9.90
0.22
1.03
1.45
0.33
0.21
38.50
6.79
1.82
6.44
6.73
100.00
CEE 2010 – property insurance
Property insurance  5.29%
Country
Albania
Bosnia and Herz.
Bulgaria
Croatia
Czech Republic
Estonia
Hungary
Latvia
Lithuania
Macedonia
Montenegro
Poland
Romania
Serbia
Slovakia
Slovenia
CEE REGION
OVERALL PROPERTY
INSURANCE GWP
2010
EUR m.
7.63
20.59
113.82
181.10
804.13
62.78
505.51
42.15
60.44
20.75
6.95
1,041.62
251.09
118.97
225.66
231.49
3,694.67
2009
EUR m.
5.91
20.11
142.10
186.01
750.46
58.34
509.97
45.42
64.47
19.43
6.41
859.24
259.24
126.27
227.41
228.32
3,509.12
% in all
GWP
Change
10/09
12.98
11.53
15.58
14.47
12.92
14.75
16.71
15.57
13.45
19.70
11.23
7.68
12.62
22.14
10.92
11.05
11.16
Note: for Bosnia and Herzegovina and Slovakia (2010) are estimations
%
29.08
2.37
NA
-2.64
7.15
7.61
-0.87
-7.20
-6.26
6.79
8.47
21.23
-3.14
-5.78
-0.77
1.39
5.29
Regional market share
2010
%
0.21
0.56
3.08
4.90
21.76
1.70
13.68
1.14
1.64
0.56
0.19
28.19
6.80
3.22
6.11
6.27
100.00
2009
%
0.17
0.57
4.05
5.30
21.39
1.66
14.53
1.29
1.84
0.55
0.18
24.49
7.39
3.60
6.48
6.51
100.00
Paid claims
2010
EUR m.
0.97
NA
26.59
91.92
485.40
28.30
322.67
18.98
35.19
7.75
NA
760.00
86.41
44.32
NA
135.22
2,043.70
2009
EUR m.
0.66
NA
20.60
105.79
377.00
24.84
193.71
16.31
35.53
7.51
NA
408.60
75.09
43.70
66.02
181.14
1,556.50
Change 10/09
%
47.67
NA
NA
-13.11
28.75
13.92
66.57
16.39
-0.97
3.18
NA
86.00
15.06
1.42
NA
-25.35
31.30
CEE 2010 – Claims evolution
Country
GWP Change
10/09
%
Overall paid claims
2010
2009
EUR m.
EUR m.
Albania
3.82
16.42
Bosnia and Herzegovina
3.11
NA
Bulgaria
NA
363.81
Croatia
-2.82
594.72
Czech Republic
14.27
3,299.78
Estonia
16.01
234.49
Hungary
-0.86
2,164.31
Kosovo
5.01
26.60
Latvia
-14.80
157.97
Lithuania
0.64
270.91
Macedonia
4.27
48.59
Montenegro
-3.58
NA
Poland
14.28
9,204.68
Romania
-4.99
1,292.02
Serbia
-4.04
220.38
Slovakia
4.09
NA
Slovenia
0.97
1,242.83
CEE REGION
7.40
19,137.49
Note: For Bulgaria, all presented data are for January-November 2010
12.53
NA
394.40
653.42
2,861.18
205.34
1,928.18
18.80
218.94
306.99
48.42
NA
9,283.46
1,282.78
234.68
1,034.12
1,239.93
19,723.17
Claims Change
10/09
%
31.05
NA
NA
-8.98
15.33
14.19
12.25
41.49
-27.85
-11.75
0.34
NA
-0.85
0.72
-6.09
NA
0.23
-2.97
CEE 2010 – life insurance
Life insurance  12.6%
40.00
36.73
35.00
30.00
25.85
25.00
20.00
17.93
16.61
17.21
15.00
12.61
12.41
11.53
10.00
7.86
6.62
4.81
5.00
3.67
9.47
3.88
3.04
AL
(5.00)
BiH
HR
(2.31)
CZ
EE
HU
LV
LT
MK
MN
PL
RO
SRB
SK
SI
CEE
CEE 2010 – motor insurance
Motor insurance  0.14%
AL
BiH
BG
HR
CZ
EE
HU
LV
LT
MK
MN
PL
20.00
15.00
10.00
5.00
0.00
-5.00
-10.00
-15.00
-20.00
-25.00
AUTO
-30.00
CASCO
RCA
RO
SRB
SK
SI
Turkey
All insurance lines on positive trend
Business line
TOTAL MARKET
TOTAL LIFE
TOTAL NON-LIFE
Accident
Health
Marine
Overall property insurance
Fire and allied perils
Damages to property
Overall motor insurance
Motor Hull
MTPL
GTPL
Other non-life insurance
NOMINAL
2010 GWP 2009 GWP EVOLUTION
(%)
EUR m.
EUR m.
%
6,842.19 5,776.16
18.46
1,056.30
846.40
24.80
5,785.90 4,929.75
17.37
289.77
251.02
15.44
825.90
657.31
25.65
144.62
121.41
19.12
1,439.72 1,328.42
8.38
958.75
894.32
7.20
480.97
434.10
10.80
2,741.67 2,285.52
19.96
1,509.23
1,240.72
21.64
1,232.44
1,044.80
17.96
158.65
117.02
35.58
185.56
169.06
9.76
Market portfolio:
Life ins.: 15%
Non-life: 85%
•Motor: 40%
•Property: 21%
•Health: 12%
•Other: 11%
The CIS markets – 2010 results
December 31st, 2010
Uzbekistan
2.2%
Population
132.9 billion
Armenia
0.5%
Azerbaidjan
4.1 %
Belarus
9.3%
Ukraine
59.0%
Gross Written Premium
EUR 3.6 billion
2010/2009  20.8%
Kazakhstan
21.7 %
Kyrgyzstan
0.2%
Turkmenista
n 1.1%
Moldova
1.5%
Tajikistan
0.4%
Paid Claims
EUR 861 million
The Russia & CIS markets – 2010 results
December 31st, 2010
Belarus
1.1%
Other 7
countries
1.2%
Kazakhstan
2.7%
Ukraine
7.3 %
Population
274.1 billion
Gross Written Premium
EUR 29.4 billion
2010/2009  15.3%
Russia
87.7%
Paid Claims
EUR 19.9 billion
Russia & CIS 2010 – GWP evolution
Nr.
Country
1
Armenia
2
Azerbaidjan
3
Belarus
4
Kazakhstan
5
Kyrgyzstan
6
Moldova
7
Tajikistan
8
Turkmenistan
9
Ukraine
10 Uzbekistan
TOTAL CIS
11 Russia
TOTAL CIS & RUSSIA REGION
GWP 2010
GWP 2009
GWP CHANGE
10/09
EUR m.
EUR m.
%
17.16
147.34
337.09
786.24
8.61
55.78
16.00
39.63
2,137.49
79.2
3,624.5
13.08
142.02
271.60
622.42
7.53
52.38
9.0
34.43
1,781.83
66.0
3,000.3
25,812.30
29,436.8
22,540.70
25,541.0
Positive aggregate results
in all CIS countries
31.1
3.7
24.1
26.3
14.3
6.5
77.8
15.1
20.0
20.0
20.8
14.5
15.3
Russia & CIS 2010 – Ins. Density
Development perspectives
200.0
182.8
180.0
EUR/capita
160.0
140.0
120.0
100.0
80.0
60.0
40.0
20.0
-
49.1
46.6
35.1
17.1
15.5
6.6
5.5
2.9
2.2
1.6
XPRIMM Insurance Report
Project Coordinator
Daniela GHEŢU
Editorial Director [email protected]
Coordinating Editor
Vlad BOLDIJAR [email protected]
Senior Editors
Vlad PANCIU
Oleg DORONCEANU
Olesea SERGHIESCU
Andreea IONETE
Editor
Mihai CRACEA
Consultant
Andreea STATE
Piaţa de asigurări
20 de ani de existenţă
Asigurăm Viitorul Împreună
Tendinţe de Dezvoltare
şi
Protecţie a Societăţii