Scandinavia, Eastern Europe, Turkey and Israel

Our Stockholm branch is responsible for relations with ceding companies in the Scandinavian markets – including the three Baltic states – as well as for Turkey and Israel. The markets of Central and Eastern Europe (CEE/Russia/CIS), on the other hand, are served by a team of native-speaker actuaries and underwriters based in Hannover.

As a market-leading reinsurer in Sweden and Norway, we focus on the reinsurance of unit-linked products in Sweden and on bancassurance relationships in Norway. The premium volume from Scandinavia, Turkey and Israel showed satisfactory growth of 17.0% to reach EUR 78.0 million. The biometric risk experience was very good, and as in previous years a sizeable operating profit was therefore recorded.

We are still in the development phase in Eastern European markets, where our focus is on bancassurance and unit-linked products. The premium volume from this region – with concentrations on Poland, Russia and Hungary – surpassed the EUR 5 million mark for the first time and results were satisfactory.