- Media XPRIMM

Romanian Insurance
Market
in the
CEE landscape
ORACLE Insurance Day, Bucharest, - April 7, 2011
CEE, RUSSIA & CIS
1H2010
INSURANCE MARKETS
REGIONAL STATISTICS
CONTRY RESULTS
COMPANIES
TRENDS
MAJOR GROUPS
Albania (AL)
Bosnia and Herzegovina (BiH)
Bulgaria (BG)
Croatia (HR)
Czech Republic (CZ)
Estonia (EE)
Hungary (HU)
Kosovo (KV)
Latvia (LV)
Lithuania (LT)
Macedonia (MK)
Montenegro (MN)
Poland (PL)
Romania (RO)
Serbia (SB)
Slovakia (SK)
Slovenia (SI)
17 countries
1H2010/2009 6.5%
2009/2008 -7.6%
1H2009/2008 -21.2%
2008/2007 9.8%
June 30th, 2010
Gross Written Premium
EUR 16.2 billion
June 30th, 2010
Gross Written Premium
EUR 16.2 billion
LIFE INSURANCE
TOP 3 countries
POLAND
CZECH Rep.
HUNGARY
LIFE INSURANCE
TOP 5 companies
NON-LIFE INSURANCE
TOP 3 countries
POLAND
CZECH Rep.
ROMANIA
NON-LIFE INSURANCE
TOP 5 companies
2010 CEE
Preliminary
Figures
The CEE markets – insurance portfolio
CEE
Slovenia
Slovakia
Serbia
Romania
Poland
Macedonia*
Lithuania
Latvia
Hungary
Estonia
Czech Rep.
Croatia
Bulgaria
Albania
0%
10%
Life
20%
Other
30%
40%
Property
50%
60%
Motor Hull
70%
80%
MTPL
90%
100%
2010 & 2009 GWP by country (EUR b.)
13.6
14.0
GWP 2009
11.9
12.0
GWP 2010
10.0
8.0
6.0
6.0
5.3
4.0
2.0
3.0 3.0
2.1
2.0
2.1
2.1
1.3 1.3
Croatia
Czech Rep.
Hungary
Poland
Romania
Slovenia
2010 & 2009 Insurance Density (EUR/capita)
Insurance density 2009
Insurance density 2010
1,000
1,047
1,037
CEE AVERAGE
2009: 254 EUR/capita
2008: 275 EUR/capita
800
580
600
357
508
400
293
284
200
-
19
46
18
44
327
282
312
305
303
40
50
38
48
107
103
98
93
5.0
10.0
5.0
3.6
2.8
14.3
Estonia
14.1
Poland
15.0
Czech Rep.
3.8
4.3
Kosovo
3.0
Albania
Bosnia
5.0
Macedonia
0.7
Slovenia
Hungary
Croatia
Montenegro
Romania
2010/2009 GWP Dynamic (%)
20.0
16.0
10.0
5.0
1.0
0.0
2010/2009 Paid Claims Dynamic (%)
50.0
41.5
40.0
31.1
30.0
20.0
14.2
0.2
0.3
0.7
Slovenia
Macedonia
Romania
10.0
0.9
10.0
9.0
Kosovo
Albania
Estonia
Poland
Croatia
0.0
CEE, RUSSIA & CIS
2010
INSURANCE MARKETS
REGIONAL STATISTICS
CONTRY RESULTS
COMPANIES
TRENDS
MAJOR GROUPS
ROMANIA
Romanian Insurance Market Development
3000
Life insurance
General insurance
Market portfolio in 2010:
2500
EUR 1,6 b. – General insurance
2000
EUR 0,4 b. – Life insurance
1500
1000
500
0
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
Young market, with huge, still unexploited potential
Until 2008:
• “Double digit” growth rates
• Very high dynamics compared to the European average
• In 2009, the market decreased below the 2007 level
• In 2010, the market decreased below the EUR 2 billion level
2008
2009
2010
ROMANIA
ROMANIA
2010/2009
GWP
CLAIMS
-6.8%
-7.8%
EUR 1,6 bln
EUR 1,1 bln
NON - LIFE
ROMANIA
2010/2009
GWP
3%
EUR 390 m
LIFE
2010: Penetration Degree; Insurance Density
Young market, with huge, still unexploited potential
•Insurance density: it has diminished by approx. EUR 4 and has the value of EUR
92/capita, below the 2007 value;
•Penetration in GDP degree has decreased to 1.63%, below the 2007 value
IT applications used in insurance
Media XPRIMM has submitted, during April
1st-April 5th, an open questionnaire to
insurance companies and brokers
Objective:
• Used applications
• Suppliers
• Implementation date
IT applications used in insurance
The answers were provided by
36 companies
12 insurers
24 insurance brokers
IT applications used in insurance
Implementation
The first software was implemented in
2011
1997
6
2010
11
2009
9
2008
12
2007
5
2006
7
2004
5
2003
3
2001
1
1999
2
1997
1
0
2
4
6
8
10
12
14
IT applications used in insurance
IT Apps mentioned by the 36 companies:
24Broker
CORIS PAS
IDES
ACID
DOCUMENTUM
INCAS
ASIGEXPRESS
Emitere Electronica RCA
INSIS
AUDATEX
EMSYS 4.0 Asigurări
INTELIGENT
BROK PHP
EQUITAS
IQB
BrokAsig
ERP
IRIS WEB
BROKER ONLINE
E-SET
KORIN
CHARISMA Enterprises E-SIMBA
CITY-INS
FUFI - Future First
CONTIF
iBroker
MATRIX ROM
MODELING
OFI - Oracle financial
IT applications used in insurance
IT Apps mentioned by the 36 companies:
OMNIASIGONLINE.RO
TEAMBROKER
PAM - Optical Archive
UDA - Universal Data
ROCAM
Architecture
SAP
WEB-Service
SAP FI CO BW
WIZCOUNT
SIIAWEB
WIZSALARY
SIMBA
WS
SINTACT
XasiG
SRL - Sesizari
xBroker Studio
Reclamatii Litigii
ZE
IT Providers
IT providers mentioned by the 36 companies:
AUDATEX
H&S HEILIG UND SCHUBERT
C.S.C. - COMPUTER
SOFTWARE
SCIENCE
INTERSOFT CENTER
CORPORATION
ISIS M3
CAMSCAPE SERVICE
IT SOFT BULGARIA
ENDAVA
KL SOFTWARE CLUJ-NAPOCA
FADATA BULGARIA
MATRIX ROM
GREENGRASS GROUP
OMEGA SD
HELIX SOFTWARE
ORACLE PRIN IQUEST
IT Providers
IT providers mentioned by the 36 companies:
PRODINF SOFTWARE
STAR STORAGE
RHEA SOFT EXPERT
TEAM FIRST SOFTWARE
ROMSYS
& CONSULTING
SAP
TOTAL SOFT
SOFTECH95EXIM SRL
WIZROM SOFTWARE
SOFTEH PLUS
WIZSALARY SOFTWARE
SOFTEH SRL
WNET INTER MEDIA SRL
SOFTELIO & HELIX
WOLTERS KLUWER
SOFTWAREX SRL
XPERT GROUP
IT applications used in insurance
36
44 softwares
companies
14 internal
30 external
Romanian Insurance
Market
in the
CEE landscape
ORACLE Insurance Day, Bucharest, - April 7, 2011