Reinsurance in Austria, Key Trends and Opportunities to 2018

Date: 2015-09

The Austrian reinsurance segmentโ€™s written premium grew at a review-period CAGR of 3.8%. This growth can be attributed to the countryโ€™s favorable business and economic conditions, which supported reinsurance growth during the review period. The treaty reinsurance category accounted for 93.7% of the total reinsurance segmentโ€™s written premium value in 2013, while facultative reinsurance accounted for 6.3%. Regulatory changes such as the implementation of Solvency II legislation in 2016 and the restructuring of the insurance industry over the forecast period will drive the reinsurance segment, as insurers will share a larger proportion of risk with reinsurers. The situation will be compounded by rising claim rates and instances of fraud.

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