Posts Tagged ‘Central Europe’



February 19th, 2014

Europe, Middle East and Africa Catastrophe Review, 2013

Posted at 1:00 AM ET

2013 will be remembered in Europe in part as the year of the flood, with the worst flood event affecting several Central European countries in June. Estimated insured losses from this event were around USD4.1 billion, with economic losses of around USD18 billion (1). Persistent heavy rain caused the Vltava, Elbe and Danube Rivers to overflow their banks and in some cases breach flood defenses. Countries affected included Germany, the Czech Republic, Slovakia, Austria, Switzerland, Hungary and Poland.

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November 8th, 2012

Economic Growth in Emerging Markets

Posted at 1:00 AM ET

David Flandro, Global Head of Business Intelligence, Julian Alovisi, Assistant Vice President and Lucy Dalimonte, Senior Vice President
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The trend of increasing non-peak zone insured losses has coincided with rapid economic growth in emerging economies. During the last decade, developing nations have driven global economic growth, symbolized by China becoming the second-largest economy in the world. Increasingly stable economic and socio-political conditions in many countries in Asia, Latin America, the Middle East, Eastern Europe and Africa have supported growing investment in these regions because of the attractive opportunities for companies seeking long-term growth.

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June 27th, 2012

Emerging Markets Trends

Posted at 1:00 AM ET

Here we review recent GC Capital Ideas stories that have referenced (re)insurers doing business in emerging markets.

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January 27th, 2012

January 2012 Reinsurance Renewal: Central & Eastern Europe

Posted at 1:00 AM ET

In contrast to 2010, there were no meaningful natural catastrophe losses for 2011 in Central and Eastern Europe (CEE); and, therefore, they did not impact pricing. Catastrophe excess of loss rates on line in the region were flat to down 5 percent for loss-free programs at the January 1, 2012, renewal on an exposure-adjusted basis. Primary insurance rates/premiums fell slightly due to competition and the current economic climate. Pricing is expected to remain flat in 2012.

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January 19th, 2012

Chart Room: January 1, 2012 Reinsurance Renewal, Europe Property Catastrophe - Typical ROL Changes

Posted at 1:00 AM ET

FIG 7 NONUS PROPCAT ROL CHGS 2012

Click here to download the full report: Catastrophes, Cold Spots & Capital: Navigating for Success in a Transitioning Market; Jan 2012 Renewal Report >>

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February 3rd, 2011

Chart: Europe Property Catastrophe - Typical Rate on Line Changes at Jan 1

Posted at 1:00 AM ET

 

fig-24

Click here to read the Executive Summary of Guy Carpenter’s report: Global Reinsurance Outlook: Points of Inflection; Positioning for Change in a Challenging Market >>

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January 21st, 2011

2011 Reinsurance Renewal Rates: Central & Eastern Europe

Posted at 1:00 AM ET

141x141jan1thumb24Reinsurance rates were driven by loss history for carriers in Central and Eastern Europe at the January 1, 2011 renewal. Consequently, it is difficult to point to a standard rate experience in this region.

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May 26th, 2010

Update: Floods in Central and Eastern Europe

Posted at 9:24 PM ET

middle-europe-flooding-small1Heavy rain has triggered severe floods in parts of central and eastern Europe since mid-May, killing at least 18 people, inundating homes and businesses and causing widespread damage and disruption. Parts of Poland, Hungary, the Czech Republic and the Slovak Republic have been flooded after days of heavy rain burst river defenses and inundated low-lying areas. The heavy rain was accompanied by strong winds, causing power outages and transportation disruption. Reports said southern Poland was the worst-affected area after the Vistula River burst its banks. Poland’s Prime Minister Donald Tusk said the damage caused by the flooding could cost around EUR2.6 billion (USD3.2 billion).

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May 21st, 2010

Floods in Central and Eastern Europe

Posted at 9:10 AM ET

middle-europe-flooding-smallHeavy rain has triggered severe floods in parts of central and eastern Europe over the last week, killing at least nine people, inundating homes and businesses and causing widespread damage and disruption. Parts of Poland, Hungary, the Czech Republic and Slovak Republic have been flooded after days of heavy rain burst river banks and inundated low-lying areas. The heavy rain was accompanied by strong winds, causing power outages and transportation disruption. Reports said southern Poland was worst-affected after the Vistula River burst its banks. Poland’s Prime Minister, Donald Tusk, said the damage caused by the flooding could cost more than EUR2 billion (USD2.5 billion).

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