Premium revenues for the largest insurance groups remains stable, according to the FUNDACIÓN MAPFRE Ranking

The premium revenue of the 10 biggest European Non-Life insurance groups remained stable in 2013 compared with the previous year, with a slight increase of 0.4 percent to 209,929 million euros.

In the European markets, certain factors persisted, such as strong competitive pressure and a prolonged negative economic context which resulted in a fall in demand. In some cases, this effect was offset by an increase in rates. However, the situation was not homogeneous and while in countries such as Germany and France the Non-Life segment increased its revenue, in other countries, such as Italy and Spain, Non-Life premiums decreased.

By companies, Talanx and MAPFRE posted the largest increases in premium volume, with 5.4 and 5.2 percent respectively, while the other six groups at the top of the ranking recorded significant decreases. In the case of Zurich and RSA, these were due to the appreciation of the euro against the US dollar and pound sterling.

In the Ranking of the Largest Non-Life European Insurance Groups, MAPFRE, the only Spanish company listed on this ranking, held sixth place for the fifth straight year, after making it into the top 10 in 2008. Allianz continues to lead the ranking, with premium volume of 46,579 million euros, 0.7 percent less than in 2012, due to negative currency exchange effects, while Aviva dropped two places in the ranking, causing RSA and Ergo to each move up one place. The rest of the groups remain in the same positions as last year.

Improvements in the claims ratio

Despite the high level of catastrophic claims —mainly weather-related—, this ratio has improved in six of the groups, leading to a better technical result.

Financial results remained stable despite low interest rates. The combined earnings of seven of the ten groups that make up this ranking  totaled 14,065 million euros in 2013, up 2.4 percent compared with 2012.

The study also includes information on the most significant acquisitions and disposals made by some groups in 2013, such as the agreement signed in January 2013 between MAPFRE and Euler Hermes for the joint development of the credit insurance business in Argentina, Chile, Colombia, Spain and Mexico through the Solunion firm (in which each party holds a 50 percent stake).

[1] Because of the segmentation of the Talanx, Ergo and Achmea groups, the results of the Non-Life lines cannot be calculated.

Full Ranking (PDF, 309 KB)