New figures published today in Insurance Europe’s Annual Report 2012-2013 show a provisional increase in total European gross written premiums of 1.6 per cent in 2012. Initial 2012 figures suggest premiums totalled €1 114 billion, up from €1 079 billion in 2011. Following the recovery of capital markets in the second half of 2012, European insurers’ total investment portfolio is estimated to have grown from almost €7 700 billion in 2011 to almost €8 500 billion in 2012.
Commenting on the figures, Insurance Europe’s director general, Michaela Koller, said: “Even though the European insurance industry is currently operating in a difficult economic environment, with low interest rates affecting investment returns, particularly for life insurers, and austerity affecting consumers’ purchasing choices, the 2012 performance remains solid".
Annual Report 2012-2013
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