cauta in site

1H 2015 PRELIMINARY RESULTS

1H 2015 PRELIMINARY RESULTS

Can we talk about boring figures?

At first glance the analyzed market figures seem to have become dull. The routine became constant quarterly: MTPL cut and hang the art. The rising or the fall of the market own the same source: MTPL!
Each quarter we are “surprised” by a MTPL share increasingly larger, increased due to the same class and … of course, concern for the losses it brings. The cyclical happiness of market share rising for each company is directly proportional to the MTPL results.
This year one company has climbed four positions in the ranking. 96% of the rise is due to the mandatory motor insurance for that insurer that represents the percentage held by MTPL portfolio. Other company fell 3 position, has decreased by 20% in one class which represents almost 90% of its business. Of course, again it’s MTPL. Another insurer leaves the market.
The above statements should break the monotony of this industry. It should lead to different answers to the same questions year after year, quarter by quarter are getting the same statements.
Unfortunately, the general frame remains boring tied by MTPL. It’s not the first time we wonder how long? Another cliché question: how will the market look like? Today, it is a more difficult question than ever.
The context indicates that it has become increasingly difficult to find the market figures of immediate past … so we should enjoy monotone figures we have … as long as we are still allowed to!

Alex ROSCA