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