Download TIME AND ACTIVITIES PLAN LEGAL WORK STREAM

THE INSURANCE SECTOR
A DIRECT INVESTOR AND FACILITATOR FOR INVESTMENTS
Mr. Christoph Wolf
February 2008
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Market shares of foreign Insurance Companies, 2006*
In percent
100%
73
61
40
30
3
5
Turkey
Croatia
28
Average
Serbia
* Foreign Insurer as a „dominating“ owner; Shares at 100%, if defined as “foreign Insurer”
Source: Market statistics of FSA (Financial Supervisory Authorities) and Insurance associations, own analysis
Bulgaria
Romania
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Shares of Foreign insurance companies in equity and number of companies
In Percent
domestic
foreign
Croatia
Bulgaria
27
60
47
69
73
31
Foreign Insurance
companies
40
2005
2006
56%
55%*
53
2005
* In 2006 there were 1 domestic insurance company and 2 foreign insurance companies less
Source: Market statistics of FSA (Financial Supervisory Authorities) and Insurance associations, own analysis
61%
2006
78%
2
Expansion of foreign insurance companies in South-Eastern Europe
In Percent for all insurance companies
exemplary
46
46
56
2002
2002
62
2006
2006
78
47*
52
3
2002
2006
2002
0
2002
0
2006
2006
35
15
2002
2006
*
South-Eastern-Europe Insurers own 3 of them there
Source: Market statistics of FSA (Financial Supervisory Authorities) and Insurance associations, own analysis
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Insurance Penetration on South-Eastern Europe markets
In Percent of gross domestic product (GDP)
Expected
development
3,5
3,0
Austria
2,5
Life
2,0
1,5
Croatia
1,0
Romania
Serbia
Turkey
0,5
Bulgaria
0,0
0,0
0,5
1,0
1,5
2,0
2,5
3,0
3,5
Non-Life
Source: Market statistics of FSA (Financial Supervisory Authorities) and Insurance associations, own analysis
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