Insurance Archives

SEE top insurers premiums stay flat despite decline in profit

October 18, 2021

by SeeNews Features Insurance

The combined net profit of the top 100 insurers in Southeastern Europe (SEE) went down to 476.4 million euro in 2020 from 496.8 million euro in the previous year. About 40% of the insurers in the top 100 list recorded a decline in net profit in an environment of unprecedented challenges caused by the coronavirus crisis and persisting low interest rates. SEE insurers, however, demonstrated resilience as their gross written premiums (GWP) remained unchanged at 8.1 billion euro. Still, nearly half of the entrants in this year’s ranking reported a decline in their GWP, including 14 that posted a double-digit fall.

Top SEE insurers mark another year of records, units of Germany’s ERGO storm ranking

October 8, 2018

by Misho Hristov Analysis Features Insurance

by Mario Tanev Against the backdrop of political and regulatory uncertainty, consistently low-interest rates and increased competition, the top insurers in Southeast Europe (SEE) booked record high gross written premiums (GWPs) and net prof- it for a s ...

SEE insurers pocket record high earnings, premiums despite challenging market

October 2, 2017

by DeyanMatov Features Insurance

by Siana Mishkova Supported by a robust macroeconomic environment, stable fiscal conditions and buoyant consumption, Southeast Europe’s (SEE) insurance industry remained resilient to pressure stemming from the persistent record low interest rate environm ...

Top insurers in SEE pocket hefty profits, premium growth lags

October 4, 2016

by DeyanMatov Features Insurance

Southeast Europe’s return to steady growth, though slow to affect the insurers in the region, is eventually showing in their balance sheets.

Lack of economic momentum key challenge for SEE insurers

October 6, 2015

by ValentinStamov Features Insurance

The insurance companies operating in Southeast Europe (SEE) had to cope with a restrained economic momentum in the region in 2014 when the effects of the financial crisis continued to dampen the recovery of consumer spending and overall business activity.

Uneven recovery constrains insurance business in SEE

September 28, 2014

by ValentinaGerasimova Features Insurance

The patchy performance of the economies of the countries in Southeast Europe (SEE) proved a drag on the region’s insurance industry in 2013, leading to a drop of 2.0% to 6.2 billion euro in the combined gross written premiums (GWP) of the entrants in the 2013 edition of the SEE TOP 100 insurers ranking compared to the companies that made the 2012 cut.

SEE insurers send off 2012 with glimmer of hope

October 18, 2013

by TsvetanIvanov Features Insurance

The performance of SEE’s TOP 100 insurers in 2012 is something of a feat. Judging by the overall figures, insurance companies may have finally glimpsed the proverbial light at the end of the tunnel given expectations for a return to GDP growth (albeit very modest) in the region.

No quick recovery for SEE insurers in 2011

October 11, 2012

by ValentinStamov Features Insurance

When insurance companies in Southeast Europe toasted the arrival of 2011, the general mood was one of caution for the immediate future and belief in the industry’s longer-term prospects.
SEE insurers had just left behind a rather difficult 2010 – a year through which the effects of the financial crisis and the ensuing recession were still keenly felt.

Putting middling 2010 behind, SEE insurers focus on longer run

August 7, 2011

by top_admin_adp Features Insurance

By Kristina Belkina, Georgi Georgiev The crisis has interrupted the growth of the insurance sector in Southeast Europe (SEE) – the combined gross written premium income of the SEE TOP100 insurance companies dipped to 6.5 billion euro in 2010 from 6.6 b ...

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