//MAPFRE: One of the Top Ten insurance companies in Europe in 2017

MAPFRE: One of the Top Ten insurance companies in Europe in 2017

MAPFRE: One of the Top Ten insurance companies in Europe in 2017
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The 15 largest insurance groups in Europe registered 579.6 billion euros in premiums in 2017, 0.8 percent more than the previous year

Infographic: 2017 Ranking of European Insurance Groups

MAPFRE is among the 10 main insurance companies in Europe, according to the 2017 edition of the annual ranking prepared by MAPFRE’s Economic Research and published recently by Fundación MAPFRE. Last year, MAPFRE was in eleventh place, behind the Dutch company Aegon, but it has climbed this year’s ranking.

AXA still leads the list with 92.05 billion euros in premium volume in 2017, down by 2.3 percent. The 15 largest European insurance groups issued 579.6 billion euros in premiums, up 0.8 percent on the previous year.

Two important events affected the performance of the business: low interest rates remain unchanged, which will continue to hinder the development of the Life savings business and traditional life annuities, as well as return on investment, and the extreme catastrophic events in different regions that have impacted negatively on Non-Life income statements.

Table 1: Total market overall ranking of European insurance companies in 2017

Aggregate operating results of the insurance groups included in the ranking dropped by 1.4 percent in 2017 to 51.3 billion euros, greatly affected by higher than normal catastrophic losses.

 

Operating results of European Insurance companies in 2017

 

In the Non-Life segment, the report from the Economic Research area shows a 1.7 percent increase in premiums for the 15 leading companies, to 255.4 billion euros. Once again, the German company Allianz tops the ranking in the Non-Life segment, with premium volume of 52.26 billion euros.
Non-Life market: overall ranking of European insurance groups

2018-08-06T12:24:54+00:0020 July 2018|Categories: Corporate News|0 Comments