1 November 2019 Disclaimer

Compulsory types of insurance have around 16,7% of the market;
however, these showed the strongest growth as their GWPs increased by 
almost 30%, especially from liability insurance products, which grew 
dramatically by 8x from 2016. This trend was caused by the adoption in 
2016 of legislative acts on compulsory insurance and the establishment of 
-10%
0%
10%
20%
30%
40%
50%
60%
0
200
400
600
800
1000
1200
2016
2017
2018
2019f
GWPs, KGS m (lhs)
Claims, KGS m (lhs)
GWPs, y-o-y growth
Claims, y-o-y growth
5,6%
5,6%
5,5%
3,8%
4,6%
5,0%
6,9%
7,9%
53,9%
33,2%
33,8%
33,0%
4,5%
5,5%
5,9%
8,3%
9,5%
64,8%
Property (private)
Employes liability
Other liability
Tourists
Medical
Accidents and illnesses
Private property
Liability
Corporate property
Co
m
pu
ls
or
y
V
ol
unt
ar
y
Share per insurance sector
Share in the overall industry

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Disclaimer
The Agency disclaims all liability in connection with any consequences, interpretations, conclusions, recommendations and other actions directly or 
indirectly related to the conclusions and opinions contained in the Agency’s Research Reports. 
This Report represents the opinion of Rating-Agentur Expert RA GmbH and is not a recommendation to buy, hold or sell any securities or assets, or to make 
investment decisions.