{"id":17939,"date":"2018-06-14T10:21:59","date_gmt":"2018-06-14T08:21:59","guid":{"rendered":"https:\/\/www.fma.gv.at\/fma-bericht-zum-1-quartal-2018-der-oesterreichischen-versicherungswirtschaft-steigendes-praemienvolumen-rueckgang-der-ertraege\/"},"modified":"2018-06-15T10:37:53","modified_gmt":"2018-06-15T08:37:53","slug":"fma-bericht-zum-1-quartal-2018-der-oesterreichischen-versicherungswirtschaft-steigendes-praemienvolumen-rueckgang-der-ertraege","status":"publish","type":"post","link":"https:\/\/www.fma.gv.at\/en\/fma-bericht-zum-1-quartal-2018-der-oesterreichischen-versicherungswirtschaft-steigendes-praemienvolumen-rueckgang-der-ertraege\/","title":{"rendered":"Q1 2018 FMA report on the Austrian insurance industry: increase in volume of premiums, reduction in revenues"},"content":{"rendered":"<?xml encoding=\"utf-8\" ?><p>The volume of premiums written by Austria&rsquo;s insurance industry increased by + 0.21 % in the 1st Quarter of 2018 compared with the 1st Quarter of 2017 to &euro; 5.23 billion. Premium volumes for the individual sectors stood at EUR&nbsp;3.13 billion or 59.79 % (+ 2.25 %) in the non-life\/accident insurance sector, EUR&nbsp;1.54 billion or 29.36 % (- 4.99 %) in the life insurance sector and EUR 568 million 10.85 % (+ 4.17 %) in the health insurance sector. The decrease in the life insurance sector was attributed on the one hand to an 8.35 % fall in conventional life insurance, whereas unit-linked and index-linked life insurance increased by 5.19 %, while on the other hand one-off premiums fell by 13.34 %, and regular premiums fell by 3.18 %. These findings have emerged from the Report on the Austrian Insurance Sector for the first quarter of 2018, which was published today by the Austrian Financial Market Authority (FMA).<\/p><p>Weakened earnings situation<\/p><p>The earnings dynamic, however, fell strongly during the first three months of the year (compared with Q1\/2017): The Austrian market&rsquo;s technical result decreased by 18.31 %, while the financial result decreased by 19.57 %, with the effect that the result from ordinary activities fell by 32.81 % or &euro; 113.44 million to &euro; 232.32 million. The total of all assets at market values (excluding unit-linked and index-linked life insurance) fell (in comparison to Q1 2017) by &euro; 1.61 billion to &euro; 108.63 billion.<\/p><p>High Reserves<\/p><p>Despite these challenges, Austrian insurance undertakings continue to have a stable position. While the hidden net reserves (the balance of net reserves and net losses) at the end of the 1st Quarter 2018 fell by 3.79 % to &euro; 21.05 billion, which nevertheless still constitutes a ratio of reserves to investments of 23.34 %. The solvency requirements in accordance with Solvency II, which take into account the individual risk profile of every undertaking, also provide a satisfactory report for the sector. More than half of the undertakings possess more than 230 % of the legally required solvency capital requirement (SCR) (Q1\/2017: 200%). The average value (median) of all insurance undertakings stands at 253.3 %. (Q1\/2017: 236.8 %).<\/p><p>The full quarterly report can be found on the FMA website (in German only) at <a href=\"https:\/\/www.fma.gv.at\/en\/insurance\/disclosure\/quarterly-reports\/\">https:\/\/www.fma.gv.at\/versicherungen\/offenlegung\/quartalsberichte\/<\/a><\/p><h2>Journalists may address further enquiries to:<\/h2><p>Klaus Grubelnik (FMA Media Spokesperson)<\/p><p>+43\/(0)1\/24959-6006<\/p><p>+43\/(0)676\/882 49 516<\/p><p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Increase in volume of premiums, reduction in revenues<\/p>\n","protected":false},"author":60,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[80],"tags":[],"class_list":["post-17939","post","type-post","status-publish","format-standard","hentry","category-press-release"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Q1 2018 FMA report on the Austrian insurance industry: increase in volume of premiums, reduction in revenues - FMA \u00d6sterreich<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.fma.gv.at\/en\/fma-bericht-zum-1-quartal-2018-der-oesterreichischen-versicherungswirtschaft-steigendes-praemienvolumen-rueckgang-der-ertraege\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Q1 2018 FMA report on the Austrian insurance industry: increase in volume of premiums, reduction in revenues - FMA \u00d6sterreich\" \/>\n<meta property=\"og:description\" content=\"Increase in volume of premiums, reduction in revenues\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.fma.gv.at\/en\/fma-bericht-zum-1-quartal-2018-der-oesterreichischen-versicherungswirtschaft-steigendes-praemienvolumen-rueckgang-der-ertraege\/\" \/>\n<meta property=\"og:site_name\" content=\"FMA \u00d6sterreich\" \/>\n<meta property=\"article:published_time\" content=\"2018-06-14T08:21:59+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2018-06-15T08:37:53+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.fma.gv.at\/wp-content\/uploads\/2017\/06\/Pressemitteilung_Twitter.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"512\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Alexander Plank-Bachselten\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.fma.gv.at\/wp-content\/uploads\/2017\/06\/pressemitteilung_twitter-mini.jpg\" \/>\n<meta name=\"twitter:creator\" content=\"@FMA_AT\" \/>\n<meta name=\"twitter:site\" content=\"@FMA_AT\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Alexander Plank-Bachselten\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/fma-bericht-zum-1-quartal-2018-der-oesterreichischen-versicherungswirtschaft-steigendes-praemienvolumen-rueckgang-der-ertraege\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/fma-bericht-zum-1-quartal-2018-der-oesterreichischen-versicherungswirtschaft-steigendes-praemienvolumen-rueckgang-der-ertraege\\\/\"},\"author\":{\"name\":\"Alexander Plank-Bachselten\",\"@id\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/#\\\/schema\\\/person\\\/c31b8cb77885775e776264ed40e1be4c\"},\"headline\":\"Q1 2018 FMA report on the Austrian insurance industry: increase in volume of premiums, reduction in revenues\",\"datePublished\":\"2018-06-14T08:21:59+00:00\",\"dateModified\":\"2018-06-15T08:37:53+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/fma-bericht-zum-1-quartal-2018-der-oesterreichischen-versicherungswirtschaft-steigendes-praemienvolumen-rueckgang-der-ertraege\\\/\"},\"wordCount\":358,\"publisher\":{\"@id\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/#organization\"},\"articleSection\":[\"Press Release\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/fma-bericht-zum-1-quartal-2018-der-oesterreichischen-versicherungswirtschaft-steigendes-praemienvolumen-rueckgang-der-ertraege\\\/\",\"url\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/fma-bericht-zum-1-quartal-2018-der-oesterreichischen-versicherungswirtschaft-steigendes-praemienvolumen-rueckgang-der-ertraege\\\/\",\"name\":\"Q1 2018 FMA report on the Austrian insurance industry: increase in volume of premiums, reduction in revenues - 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