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Reinsurance in Central and Eastern Europe: Outlook Renewal 2011

Reinsurance in Central and Eastern Europe: Outlook Renewal 2011. Insurance density in CEE (Premium per capita). *Source Sigma. Insurance penetration in CEE (Premium in % of GDP). *Source Sigma. VIG Re Motivation for the Foundation in 2008. High Reinsurance potential in CEE.

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Reinsurance in Central and Eastern Europe: Outlook Renewal 2011

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  1. Reinsurance in Central and Eastern Europe: Outlook Renewal 2011

  2. Insurance density in CEE (Premium per capita) *Source Sigma

  3. Insurance penetration in CEE (Premium in % of GDP) *Source Sigma

  4. VIG Re Motivation for the Foundation in 2008 High Reinsurance potential in CEE Limited number of RI partners on the market Often not sufficient know-how or interest for local needs VIG Re represents strong option for clients in CEE due to knowledge and experience in local markets

  5. VIG Re today • Gross written premium in 2010: 285 MIO EUR • Standard & Poor’s Rating: A+ stable • Most of the Premium Income comes from Property (58%), Life & Health (25%)and Motor (13%) • Premium Income from Third Party Business is 30 MIO EUR (40 clients) • Most of the Premium Income comes from Austria, Czech Republic and Slovakia • Expansion of activity to CIS in 2011

  6. Outlook Renewal 2011 in CEE CEE is still an emerging market for reinsurance industry Prices and conditions remain stable Frequency losses becoming major concern in the region Proportional cessions remain important (except CIS countries) Property CAT and MTPL still dominating Lines of Business

  7. Reinsurance in CEE: Trends 2011 Increased demand for frequency covers Increased demand for TPL and Personal Accident reinsurance Growing importance of security requirements Diversification of reinsurance risk

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