European insurance key facts 2018

Life insurers paid out €705bn — a 2. Insurers’ investment portfolio. European premiums, claims and benefits paid. Companies and employees. Distribution channels.

Non-life premiums include motor, property, general liability and accident.

The UK insurance and long-term savings industry is the largest in Europe and the fourth largest in the world. This year and next, we expect global premium to grow by more than €460bn in all. This is equivalent to average annual premium growth of 5. GDP is expected to grow by only 4. What could change outlook to negative High volatility in financial markets, affecting insurers’ balance sheets and hindering unit-linked sales Interest rates stay low, with a lik. Through its member bodies — the national insurance associations — it represents all types of insurance and reinsurance undertakings, e. See the end of this factsheet for more methodological notes.

This will fundamentally change how insurers measure, recognize, and disclose insurance liabilities and deferred acquisition costs.

The report includes KPMG’s views on the key challenges and opportunities facing Australian life insurers. The figures do not include the small mutual insurance associations under regional “Land” supervision in Germany, the mutual insurers (“Mutuelles 45”) in France, the Belgian. The insurance density was EUR 1per capita, up by 5. EUR 264), then PC (EUR 67 of which EUR 2on motor and EUR 1on property) and health insurance (EUR 232).

UK SMEs purchased cyber- insurance , according to Global Data. Staying secure: cyber attacks have become a problem. Review of the motor insurance directive. Attracting 0guests from all over the country, the BIAs are truly a night for the whole insurance community. Over time, the framework of this exercise has expanded and now includes key balance sheet and income statement items for the direct insurance and reinsurance sectors.

It aims to enhance consumer protection when buying insurance – including general insurance , life insurance and insurance -based investment products (IBIPs) – and to support competition between insurance distributors by creating a level playing field. Following list shows the top insurance companies in Europe based on total assets. AXA, a France-based company, is the largest insurance company in Europe and globally. The facts and figures which have made the insurance world (or at least, the UK’s) tick during the last months or so.

As a result, the FCA will be putting in place a. USA are due to medical bills. While this press release focuses on developments in the euro area as a whole, statistics are also published for each EU. The international primary insurance sector will grow by 4. Premium income is expected to grow normally this year, while slightly higher real.

Further, the Ranking includes, as in previous editions, a growth perspective analysis of these large insurance groups, in order. The revised Directive aims to improve regulation in the insurance market, to ensure a level playing field between all participants involved in the distribution of insurance products, and to strengthen policyholder protection.