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2008 – 2011: “ TO BE OR NOT TO BE ” INSURANCE BROKER THESE YEARS

2008 – 2011: “ TO BE OR NOT TO BE ” INSURANCE BROKER THESE YEARS. Bogdan ANDRIESCU President UNSICAR Istanbul, 28.03.2011. Insurers going down … brokers stagnant GWP vs . Brokers intermediation 2008 – 2010 (EUR mil.).

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2008 – 2011: “ TO BE OR NOT TO BE ” INSURANCE BROKER THESE YEARS

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  1. 2008 – 2011: “TO BE OR NOT TO BE” INSURANCE BROKER THESE YEARS Bogdan ANDRIESCU President UNSICAR Istanbul, 28.03.2011

  2. Insurers going down … brokers stagnantGWPvs. Brokers intermediation 2008 – 2010 (EURmil.) After double digit growth rates and the peak of 2008, the insurance market went down

  3. The main driver of the motor insurance lines … Leasing, most affected by the crisis (EURmil.) 2008 – the leasing market was double than the insurance one 2010 – the leasing market, only 56% of the insurance one

  4. Gross Domestic Product 2008 – 2010 Estimations for 2010 show a slight growth; it seems we shall overcome the crisis in 2011

  5. Pentration degree (% of GDP) 2008 - 2010 6-month gap between the economy and insurance evolution 2010 – insurers are still experiencing the crisis effects although the economy seems to slightly recover

  6. Insurance density2008 – 2010 (EUR/capita) 2010 value below the 2007 one

  7. Insurance brokerage gains ground …Mediated GWP (EURmil.) 38% din piaţă 36% din piaţă 30% din piaţă The retails orientation of the brokerage market was helpful during the crisis As the insurance market went down, the same mediated GWP means more weight

  8. Only one insurance line went down for brokers 20102009 vs. 2010 broken down on insurance lines(EURmil.)

  9. Broker’s portfolio in 2010 (%)

  10. In 2010, insurance brokers mediated …

  11. Surse:

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