Posts Tagged ‘Eastern Europe’



February 25th, 2013

Thinking Differently: Opportunities for Profitable Growth

Posted at 1:00 AM ET

lamm-tennant_joan_bioJoan Lamm-Tennant, PhD, Chief Economist and Risk Strategist
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The macroeconomic environment continues to be top-of-mind among insurance leaders. With growth in global real gross domestic product (GDP) slowing from 4.1 percent in 2010 to 3 percent in 2011, insurance leaders continue to experience significant headwinds challenging profitable growth. As reported by Swiss Re, insurance overall direct premiums declined 0.8 percent in real terms in 2011. Nevertheless, pockets of opportunities do exist and will continue in the near term. Stabilizing social/political conditions, investments in infrastructure and demographic progression continue to fuel strong positive GDP growth and increasing insurance penetration in emerging economies. In these economies, overall direct premiums increased 1.3 percent in real terms in 2011, with non-life premiums increasing 9.1 percent.

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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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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

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November 17th, 2011

Conclusion: Recent Legislative and Judicial Developments in Continental Europe Affecting the Casualty Insurance Industry, Fall 2011

Posted at 1:00 AM ET

A broad diversity of topics is investigated in our latest update:

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November 14th, 2011

Continental European Legislative and Judicial Trends: Directors and Officers (D&O) Liability Insurance: The Emerging Market in Poland

Posted at 1:00 AM ET

David Lewin, Managing Director

Introduction

Directors and officers (D&O) insurance has grown steadily in popularity since it was introduced in Poland 15 years ago. Accompanied by a rise in risk-aware corporate leadership, D&O insurance has evolved from an unknown product in the mid-1990s to a near necessity during periods of economic instability.

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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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March 11th, 2010

Central and Eastern Europe 1/1 Renewals

Posted at 10:00 AM ET

The renewals season was relatively stable in the CEE countries, with very little change in excess of loss pricing (XOL) on risks without losses. Average rates for XOL property cat risks with losses rose by 5 percent to 10 percent. Average rates for XOL Motor Liability and General Liability risks with losses were generally flat to 5 percent higher. Risk XOL business was under heavy pricing pressure due to the strong availability of capacity in the market and the generally benign loss experience of recent years. For catastrophe excess of loss lines there was pressure from the market to increase retentions as frequency has increased.

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