Key figures 2015 Austrian Insurance Association. Key figures at a glance

Transcription

1 Key figures 2015 Austrian Insurance Association Key figures at a glance

2 CONTENT The Austrian economy in figures 04 Key figures of the Austrian insurance sector 04 Premiums and benefits 05 Small mutual insurance associations 06 Premiums and benefits 06 Risks, claims and indemnities : partly preliminary figures 2016: figures based on forecast April 2016 Although the information of this document was produced and processed from sources believed to be reliable, the Austrian Insurance Association cannot be held liable for the actuality, correctness, completeness or quality of the information published herein. Due to the rounded results rounding-off differences can occur at the total sums. Austrian insurance sector by international comparison Classification of the employees of the private insurance sector referring to the collective bargaining agreements 08 Insurance lines 09 Total assets 09 Total asset shares 09 Contact 10 03

3 The Austrian economy in figures GDP in bn Growth in percent, nom Growth in percent, real Inflation in percent Rate of unemployment in percent Public debt/gdp Public deficit/gdp Secondary market yield GDP at market value 2 Public debt level in percent of the GDP 3 Public deficit in percent of the GDP 4 Total secondary market yield, March 2016 Sources: Statistik Austria, Fiskalrat, WIFO Key figures of the Austrian insurance sector Insurance density in 5 1,958 2,007 2,024 Life insurance Non-life insurance 1,191 1,216 1,239 Insurance penetration in percent Insurance density: Premiums per capita 6 Insurance penetration: Premiums as a percentage of the GDP Source: Austrian Insurance Association Premiums and benefits Premiums in bn. 7 16,599 17,146 17,445 Life insurance 6,499 6,754 6,767 Health insurance 1,821 1,880 1,959 Loss and damage insurance 8,279 8,512 8,720 Motor third party liability insurance 1,709 1,720 1,737 Change in percent Life insurance Health insurance Loss and damage insurance Motor third party liability insurance Benefits in bn. 8 12,960 14,075 15,379 Life insurance 6,342 7,155 8,483 Health insurance 1,184 1,219 1,262 Loss and damage insurance 5,434 5,700 5,634 Motor third party liability insurance 1,150 1,212 1,181 Change in percent Life insurance Health insurance Loss and damage insurance Motor third party liability insurance Premiums of direct domestic business 8 Total benefits of direct domestic business. The benefits of life and health insurance do not include reserves for future benefits or participations in profits. Source: Austrian Insurance Association 04 05

4 Small mutual insurance associations Premiums and benefits (in 1,000 ) Fire insurance associations Premiums 16,882 17,428 17,025 Increase in percent Benefits 6,178 5,283 6,622 Increase in percent Claims ratio Livestock insurance associations Premiums Increase in percent Benefits Increase in percent Claims ratio Total amount small mutual associations Premiums 17,081 17,646 17,238 Increase in percent Benefits 6,381 5,490 6,835 Increase in percent Claims ratio Preliminary results Source: Austrian Financial Market Authority, Austrian Insurance Association Risks, claims and indemnities Risks 59,753 59,982 59,725 Increase in percent Claims and indemnities 5,864 6,283 6,501 Increase in percent Preliminary results Source: Austrian Financial Market Authority, Austrian Insurance Association Austrian insurance sector by international comparison 2014 Premium written in USD bn. Total Life Non-Life Total Europe 1,697,529 1,002, ,801 Western Europe 1,627, , ,539 CEE 69,859 19,597 50,262 OECD 3,850,873 2,131,883 1,718,990 Eurozone 1,103, , ,293 EU-27 1,561, , ,616 Premium written in bn. 10 Total Life Non-Life Total Europe 1,277, , ,997 Western Europe 1,225, , ,163 CEE 52,585 14,751 37,834 OECD 2,898,662 1,604,729 1,293,933 Eurozone 830, , ,723 EU-27 1,175, , , Conversion rate (annual average): Source: Sigma, OeNB, Austrian Insurance Association 06 07

5 Classification of the employees of the private insurance sector referring to the collective bargaining agreements total direct sales forces 11,592 11,298 11,515 Shares in percent total inhouse services 10,132 9,690 9,681 Shares in percent others Shares in percent total part time employments 3,560 4,217 4,229 Shares in percent total apprentices Shares in percent Total amount 26,124 26,521 26,750 thereof male 15,236 15,313 15,300 Shares in percent thereof female 10,887 11,208 11,450 Shares in percent Due to the modified method of evaluation is only a limited comparison of data with previous years allowed Source: VVO Insurance lines Total asset shares Note: The basic equity per centage of the Austrian insurance sector of 2015 was 3.73%; data of reinsurers not adjusted. Source: Austrian Financial Market Authority 38.8 % 26.2 % 17.9 % 11.2 % 5.9 % 47.5 % 17.9 % 14.3 % 6.8 % 4.3 % 4.0 % 3.7 % 1.5 % Life insurance Property & casualty insurance Motor insurance Health insurance Accident insurance Total assets in bn. 107, , per 31. December of the respective year Source: Austrian Financial Market Authority Debt securities Investment Funds Shares and other Ancillary Own Funds Real estate and Mortgages Loans and advance payments on insurance policies Bank deposits Assets according to opening clause Others 08 09

6 Contact Austrian Insurance Association Louis Norman-Audenhove Director General T +43 (0)1/ louis.norman@vvo.at Günter Albrecht Insurance against loss or damage General liability insurance Motor insurance T +43 (0)1/ guenter.albrecht@vvo.at Werner Bauer Technical office T +43 (0)1/ werner.bauer@vvo.at Ulrike Braumüller Health and accident insurance T +43 (0)1/ ulrike.braumueller@vvo.at Michael Brandstetter International affairs CESEE T +43 (0)1/ michael.brandstetter@vvo.at Rudolf Diewald Economics and Finance T +43 (0)1/ rudolf.diewald@vvo.at Angelika Egger Documentation, IT and statistics T +43 (0)1/ angelika.egger@vvo.at Christian Eltner Legal and international affairs T +43 (0)1/ christian.eltner@vvo.at Natascha Garo Legal expenses insurance T +43 (0)1/ natascha.garo@vvo.at Andreas Hallemann IT and statistics T +43 (0)1/ andreas.hallemann@vvo.at Karin Kobald Property and transport insurance Small mutual insurance associations T +43 (0)1/ karin.kobald@vvo.at Susanne Kraus International Affairs T +43 (0)1/ susanne.kraus@vvo.at Marietta Preiss Audit and tax T +43 (0)1/ marietta.preiss@vvo.at Andrea Schilling Audit and tax T +43 (0)1/ andrea.schilling@vvo.at Irene Schwarzinger Information and service point T +43 (0)1/ irene.schwarzinger@vvo.at Dagmar Straif Communications and Public Relations T +43 (0)1/ dagmar.straif@vvo.at Harald Strasser Green card bureau T +43 (0)1/ harald.strasser@vvo.at Christina Wührer Life insurance T +43 (0)1/ christina.wuehrer@vvo.at Austrian Institute for Professional Insurance Education Christian Eltner T +43 (0)1/ christian.eltner@vvo.at Traute Berthold T +43 (0)1/ office@boev.at Austrian Society of Insurance Knowledge Katharina Trampisch T +43 (0)1/ kontakt@gvfw.at Austrian Road Safety Board Othmar Thann T +43-(0) Schleiergasse Vienna service@kfv.at 10 11

7 All rights: Verband der Versicherungsunternehmen Österreichs VVO Austrian Insurance Association Schwarzenbergplatz Vienna, Austria T +43 (0) F +43 (0) kommunikation@vvo.at