Premiums as well as profits of insurers will stagnate

Underwritten insurance premiums as well as profits of the insurance sector will stagnate this year, the sector’s managers expect. Combined with ever-increasing capital requirements and new regulatory burdens, this may lead to further market consolidation (larger insurers will buy smaller ones), and some insurers may transform from fully fledged insurer to branches of foreign insurers. The managers expect motor insurance prices to rise. The sector will also have to cope with the new 8% tax on non-life insurance this year.

(vofinanciach.sk)

Táto správa je z Ekonomiky DNES, denného prehľadu najdôležitejších ekonomických správ zo Slovenska.

This news is from the Slovak Business News TODAY, one-page summary of all the important Slovak business news.

Copyright  © 1994 - 2019    Symsite Research         All rights reserved.