Reinsurers see growth in Central and Eastern Europe
Wednesday, 10 26 2016, Category: Insurance and Reinsurance, Country: Europe
Primary insurers in Central and Eastern Europe (CEE) are looking to transform economic growth into insurance premiums by seeking acquisitions and developing new products, generating new business for reinsurers.
Robust consumption boosted GDP growth in CEE in the second quarter of 2016 when the economy expanded 3.3 percent over the same period last year, up from the 2.9 percent increase in the first quarter, according to FocusEconomics, a provider of economic analysis and forecasts.
“Driven by the positive economic environment, insurers in CEE are looking into expanding their business into neighbouring countries via acquisitions,” said Nicola Rautmann, market executive, Austria & CEE at Swiss Re.
Source: Intelligent Insurer