Follow on Google News News By Tag * Insurance * Premiums * Alico * Non-life * Vienna * Metlife * Written * Projections * Uniqa * Ing * More Tags... Industry News News By Location Country(s) Industry News
Follow on Google News | New market study, "Romania Insurance Report Q4 2010", has been publishedRecently published research from Business Monitor International, "Romania Insurance Report Q4 2010", is now available at Fast Market Research
Romania's Insurance Sector In 2010 Final data for Romania's insurance sector in 2009 became available in mid-2010. As indicated by the figures that had been published by the National Association of Insurance and Reinsurance Companies from Romania (or UNSAR, to give it its local language acronym), life insurance premiums contracted sharply in the wake of the global financial crisis. Meanwhile, the non-life segment has gone from rapid growth to stagnation. Romania's experience is, therefore, consistent with that of most other countries in Central and Eastern Europe. Although the premiums for 2009 were slightly larger than we had envisaged, we have felt it necessary to revise down our projections for non-life penetration and life density. As a consequence, the forecast growth is considerably less than had been envisaged in BMI's Q310 report. As is the case in many countries in the region, Romania's IBER has fallen as a result. The implication is that the global financial crisis has had two overall effects on the insurance sector. One is to interrupt trends (in most respects, of growth) that had been in place since 2005 or earlier. The other, more lasting, impact is to constrain the overall attractiveness of the marketplace in the international and strategic contexts. Issues to Watch Contagion In Bond Markets Investment earnings may remain volatile over the next year or so if the Romanian bond market suffers contagion from the problems in nearby countries (such as Hungary and Greece). Concentration Relative to the other insurance markets in the region, Romania is unusual because of the dominance of ING (in the life segment) and the Vienna Insurance Group companies (in the non-life segment). Generali/PPF and Allianz, leading insurance companies across the region as a whole, are relatively small players in Romania. Vienna Insurance Group's results indicate that it may have gained market share at the expense of its smaller rivals in 2009. Corporate Activity Although anti-trust issues restrict the ability of Vienna Insurance Group and ING to expand by way of acquisition, the same is not true of other competitors. UNIQA, present in Romania through its Astra subsidiary, has bought Unita from Vienna Insurance Group. UNIQA now accounts for about 16% of the non-life segment. For more information or to purchase this report, go to: - http://www.fastmr.com/ Partial Table of Contents: Executive Summary - Table: Overview Of Romania's Insurance Sector - Key Insights On Romania's Insurance Sector - Issues to Watch SWOT Analysis - Romania Insurance Industry SWOT - Romania Political SWOT - Romania Economic SWOT - Romania Business Environment SWOT MetLife's Acquisition Of ALICO - Table: ALICO At A Glance - Table: ALICO's Pre-Tax Profits By Segment And Region Contribution, Year To November 30 2009 (%) - Table: ALICO - A Market Leader In Japan - Table: MetLife's Acquisition Of ALICO - Table: MetLife And ALICO Combined Central and Eastern Europe Overview - Table: Gross Premiums Written In Selected Central And Eastern European Countries, 2008-2009 Projections and Forecasts - Table: Premiums, 2007-2014 - Projections and Drivers of Growth - Table: Growth Drivers, 2007-2014 Country Update - Macroeconomic Outlook - Romania - Economic Activity - Political Outlook Insurance Business Environment Rating - Table: Romania - Insurance Business Environment Indicators - Table: Central And Eastern Europe Insurance Business Environment Ratings Regional Context - Table: Non-Life Premiums In A Regional Context, 2009 - Table: Life Premiums In A Regional Context, 2009 Major Players in Romania's Insurance Sector - Table: Principal Insurance Lines By Gross Written Premiums, 2008 (RONmn) - Table: Insurance Companies By Gross Written Premiums, 2008 (RONmn) Analysis of Regional Competitive Conditions Local Company Profiles - ARDAF - Asiban - Euroins (formerly Asitrans) Regional Company Profiles - AEGON - ALICO - Allianz - Aviva - AXA - BNP Paribas/Cardif - ERGO - Eureko - Generali - GRAWE - Groupama - HDI-Gerling - ING - KBC Group - MetLife - Prudential Financial - QBE - RSA - UNIQA - Vienna Insurance Group - Zurich Country Snapshot: Romania Demographic Data - Section 1: Population - Section 2: Education And Healthcare - Table: Vital Statistics, 2005-2030 - Section 3: Labour Market And Spending Power - Table: Employment Indicators, 2001-2006 - Table: Consumer Expenditure, 2005-2010 (US$) - Table: Average Annual Wages, 2006-2010 Full Table of Contents is available at: -- http://www.fastmr.com/ About Business Monitor International Business Monitor International (BMI) offers a comprehensive range of products and services designed to help senior executives, analysts and researchers assess and better manage operating risks, and exploit business opportunities, across 175 markets. BMI offers three main areas of expertise: Country Risk BMI's country risk and macroeconomic forecast portfolio includes weekly financial market reports, monthly regional Monitors, and in-depth quarterly Business Forecast Reports. Industry Analysis BMI covers a total of 17 industry verticals through a portfolio of services, including in-depth quarterly Country Forecast Reports.View more research from Business Monitor International at http://www.fastmr.com/ About Fast Market Research Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available. For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156. # # # Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available. End
Account Email Address Account Phone Number Disclaimer Report Abuse
|