1. INSURANCE BROKER THESE YEARS
2008 – 2011:
“TO BE OR NOT TO BE”
INSURANCE BROKER THESE YEARS
Bogdan ANDRIESCU
President UNSICAR
Istanbul,

2. Insurers going down … brokers stagnant GWP vs
Insurers going down … brokers stagnant GWP vs. Brokers intermediation 2008 – 2010 (EUR mil.)
After double digit growth rates and the peak of 2008, the insurance market went down

3. The main driver of the motor insurance lines … Leasing, most affected by the crisis (EUR mil.)
2008 – the leasing market was double than the insurance one
2010 – the leasing market, only 56% of the insurance one

4. Gross Domestic Product 2008 – 2010
Estimations for 2010 show a slight growth; it seems we shall overcome the crisis in 2011

5. Pentration degree (% of GDP) 2008 - 2010
6-month gap between the economy and insurance evolution
2010 – insurers are still experiencing the crisis effects although the economy seems to slightly recover

6. Insurance density 2008 – 2010 (EUR/capita)
2010 value below the 2007 one

7. Insurance brokerage gains ground … Mediated GWP (EUR mil.)
38% din piaţă
36% din piaţă
30% din piaţă
The retails orientation of the brokerage market was helpful during the crisis
As the insurance market went down, the same mediated GWP means more weight

8. Only one insurance line went down for brokers 2010 2009 vs
Only one insurance line went down for brokers vs broken down on insurance lines (EUR mil.)

9. Broker’s portfolio in 2010 (%)

10. In 2010, insurance brokers mediated …

11. Surse: