Insurance Europe publishes Annual Report 2012-2013 - European premiums return to growth

12 June 2013

The report describes the federation's activities on all key regulatory initiatives facing the European insurance industry, both at EU and global level, including Solvency II, systemic risk initiatives and pension regulation.

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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