Romanian Insurance
Market Market
in the
CEE landscape
ORACLE Insurance Day, Bucharest, - April 7, 2011
CEE, RUSSIA & CIS1H2010
INSURANCE MARKETSINSURANCE MARKETS
REGIONAL STATISTICSCONTRY RESULTSCOMPANIESTRENDSMAJOR 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)Macedonia (MK)Montenegro (MN)
Poland (PL)Romania (RO)
Serbia (SB)Slovakia (SK)Slovenia (SI)17 countries
2008/2007 ���� 9.8%
1H2010/2009 ���� 6.5%
2009/2008 ���� -7.6%
1H2009/2008 ���� -21.2%
June 30th, 2010
Gross Written Premium
EUR 16.2 billion
June 30th, 2010
Gross Written Premium
EUR 16.2 billion
POLAND
LIFE INSURANCETOP 3 countries
POLAND
HUNGARY
CZECH Rep.
LIFE INSURANCETOP 5 companies
NON-LIFE INSURANCE TOP 3 countries
POLANDPOLAND
ROMANIA
CZECH Rep.
NON-LIFE INSURANCE TOP 5 companies
2010 CEE
Preliminary
FiguresFigures
The CEE markets – insurance portfolio
Lithuania
Macedonia*
Poland
Romania
Serbia
Slovakia
Slovenia
CEE
0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%
Albania
Bulgaria
Croatia
Czech Rep.
Estonia
Hungary
Latvia
Lithuania
Life Other Property Motor Hull MTPL
11.9
6.0
13.6
8.0
10.0
12.0
14.0
GWP 2009
GWP 2010
2010 & 2009 GWP by country (EUR b.)
1.3
5.3
3.0 2.1 2.1
1.3
6.0
3.0
2.0 2.1
-
2.0
4.0
6.0
Croatia Czech Rep. Hungary Poland Romania Slovenia
1,037
580
357
1,047
600
800
1,000
Insurance density 2009
Insurance density 2010
CEE AVERAGE2009: 254 EUR/capita2008: 275 EUR/capita
2010 & 2009 Insurance Density (EUR/capita)
18 44
293
508
282
305
38 48
107
312
98 19 46
284
327
303
40 50
103
357
93 -
200
400
3.8 4.35.0
14.114.3
16.0
5.0
10.0
15.0
20.0
2010/2009 GWP Dynamic (%)
5.03.6
2.80.7
1.0
3.03.8 4.3
10.0
5.0
0.0
5.0
Ro
ma
nia
Mo
nte
ne
gro
Cro
ati
a
Hu
ng
ary
Slo
ve
nia
Bo
sn
ia
Alb
an
ia
Ma
ce
do
nia
Ko
so
vo
Cze
ch
Re
p.
Po
lan
d
Esto
nia
31.1
41.5
20.0
30.0
40.0
50.0
2010/2009 Paid Claims Dynamic (%)
9.0
0.9
0.2 0.3 0.7
14.2
10.0
0.0
10.0
20.0
Cro
ati
a
Po
lan
d
Slo
ve
nia
Ma
ce
do
nia
Ro
ma
nia
Esto
nia
Alb
an
ia
Ko
so
vo
CEE, RUSSIA & CIS2010
INSURANCE MARKETSINSURANCE MARKETS
REGIONAL STATISTICSCONTRY RESULTSCOMPANIESTRENDSMAJOR GROUPS
ROMANIAROMANIA
1000
1500
2000
2500
3000
Market portfolio in 2010:
EUR 1,6 b. – General insurance
EUR 0,4 b. – Life insurance
General insurance
Life insurance
Romanian Insurance Market Development
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
0
500
1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010
ROMANIA
ROMANIA2010/2009
GWP ���� -6.8% EUR 1,6 blnCLAIMS ���� -7.8% EUR 1,1 bln
NON - LIFE
ROMANIA2010/2009
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 24 insurance brokers
IT applications used in insuranceImplementation
The first software was implemented in 1997
9
11
6
2009
2010
2011
1
2
1
3
5
7
5
12
0 2 4 6 8 10 12 14
1997
1999
2001
2003
2004
2006
2007
2008
IT Apps mentioned by the 36 companies:
24Broker
ACID
ASIGEXPRESS
AUDATEX
CORIS PAS
DOCUMENTUM
Emitere Electronica RCA
EMSYS 4.0 Asigurări
IDES
INCAS
INSIS
INTELIGENT
IT applications used in insurance
AUDATEX
BROK PHP
BrokAsig
BROKER ONLINE
CHARISMA Enterprises
CITY-INS
CONTIF
EMSYS 4.0 Asigurări
EQUITAS
ERP
E-SET
E-SIMBA
FUFI - Future First
iBroker
INTELIGENT
IQB
IRIS WEB
KORIN
MATRIX ROM
MODELING
OFI - Oracle financial
OMNIASIGONLINE.RO
PAM - Optical Archive
ROCAM
SAP
TEAMBROKER
UDA - Universal Data
Architecture
WEB-Service
IT Apps mentioned by the 36 companies:
IT applications used in insurance
SAP
SAP FI CO BW
SIIAWEB
SIMBA
SINTACT
SRL - Sesizari
Reclamatii Litigii
WEB-Service
WIZCOUNT
WIZSALARY
WS
XasiG
xBroker Studio
ZE
IT ProvidersIT providers mentioned by the 36 companies:
AUDATEX
C.S.C. - COMPUTER
SCIENCE
H&S HEILIG UND SCHUBERT
SOFTWARE
INTERSOFT CENTER
CORPORATION
CAMSCAPE SERVICE
ENDAVA
FADATA BULGARIA
GREENGRASS GROUP
HELIX SOFTWARE
ISIS M3
IT SOFT BULGARIA
KL SOFTWARE CLUJ-NAPOCA
MATRIX ROM
OMEGA SD
ORACLE PRIN IQUEST
IT ProvidersIT providers mentioned by the 36 companies:
PRODINF SOFTWARE
RHEA SOFT EXPERT
ROMSYS
STAR STORAGE
TEAM FIRST SOFTWARE
& CONSULTINGROMSYS
SAP
SOFTECH95EXIM SRL
SOFTEH PLUS
SOFTEH SRL
SOFTELIO & HELIX
SOFTWAREX SRL
& CONSULTING
TOTAL SOFT
WIZROM SOFTWARE
WIZSALARY SOFTWARE
WNET INTER MEDIA SRL
WOLTERS KLUWER
XPERT GROUP
IT applications used in insurance
36 companies
44 softwares
14 internal14 internal
30external
Romanian Insurance
Market Market
in the
CEE landscape
ORACLE Insurance Day, Bucharest, - April 7, 2011