Romania Insurance Market Intelligence "The insurance industry of Romania has been growing at an impressive rate. This growth was broadly based on overall economic growth of the Romanian economy. Rise in the employment rate, along with the rising wages, has increased money supply with the households, which, in turn, has increased consumption and the notable fall in the inflation rate has increased the potential of savings. All these factors have...more
Poland Insurance Market Intelligence "The insurance industry of Poland has been recording astounding growth on account of the growing economy and developing industrial, construction and services sector. The growth registered in the premiums during the past few years is attributed to the increasing ownership of automobiles and investment in real estate, as well as the pro-growth rules and regulations of the government. Government reforms,...more
Kazakhstan Insurance Market Intelligence "The insurance industry of Kazakhstan has witnessed a strong growth during 20012008, in local currency terms. The increase in premium growth over these years was mainly on account of the reforms initiated by the government as well as the astounding performance of the economy. The growing economy, supported by the increasing international demand for crude oil, led to an increase in the per-capita income of the population, boosting the demand for non-food categories such as property and automobiles. Growing GDP, national income and the subsequent improved standard of living, development of social insurance for the underprivileged, rising population, has helped drive the insurance segment, particularly non-life business growth in Kazakhstan in last few years. The life insurance segment of Kazakhstan is still in its nascent stage and it accounts for a very small share of the domestic insurance market.The non-life segment has been the dominating segment in the country, the reason being the low financial literacy and lax attitude of the people towards investing for the safety of self and family. Along with these factors, the improved economic...more
Hungary Insurance Market Intelligence "The strong growth of the Hungarian insurance market is evident by the fact that it more than doubled from 2000 to 2008 in the local currency. The most important development in the Hungarian insurance sector is the entry of large multinational companies during the first half of the nineties. As a result of...more
Incapacity Income insurance is one thing that almost all young professionals never suppose about. It's difficult for many young folks to perceive the requirement for Incapacity insurance as a result of the thought of becoming disabled almost seems unrealistic. It will happen however, and in step with Social Security Quick Facts, 3 in 10 young...more
Czech Republic Insurance Market Intelligence "The Czech insurance industry has been growing at a notable pace since the early nineties, mainly because of government reforms, increasing income, and household expenditure in non-food categories, demand for investment-linked products and improved sales channel (bancassurance). Despite the slowdown of domestic economy in 2008, the insurance sector recorded growth, particularly on account of the number of vehicles registered. Growth was also supported by increased demand for insurance resulting from changes in legislations which introduced effective penalization of those who fail to pay motor third party liability insurance, which is compulsory under the law. Increased available income, investment in non-food items, such as automobiles and property, and demand for health and retirement-savings product, compulsory motor third-party liability insurance and aging population are some of the important growth drivers of the industry.In terms of segment wise market share, the non-life businesses have dominated the domestic insurance market. However, with the rising popularity of unit-linked and assurance on death, survival, etc. products, the...more
Croatia Insurance Market Intelligence "The insurance market of Croatia has been growing strongly since the last few years. The industry is mainly thriving as a result of the notable performance of the life insurance segment as well as the...more
Bulgaria Insurance Market Intelligence "The insurance industry of Bulgaria is very small and fragmented in structure as compared with the larger European Union economies. In the coming three to four years, the Bulgarian insurance market is expected...more
Lebanon Insurance Market Intelligence "Lebanon's insurance sector is more significant economically, more advanced, and more innovative than those of its Arab neighbors. Also, the insurance sector is open and liberal supported by the free market...more
Egypt Insurance Market Intelligence "Egypt is one of the few countries globally which have the lowest per capita expenditure on insurance. However, its insurance market has witnessed growth in premiums, mainly on account of improved productivity of...more
Austria Insurance Market Intelligence "The Austrian insurance market is one of the most developed markets in Continental Europe, because of the high risk awareness (natural perils) and the resultant demand for coverage among the population. Moreover,...more
Switzerland Insurance Market Intelligence "Switzerland has a long-established and well-developed insurance industry and is one of the leading insurance centers in the world. It ranks among the top five countries in the world, in terms of per capita...more