In 2010, we should expect increasing competition in the market of property insurance.
This is stated in the commu1000nication IC “Brokbusiness” (Kiev), referring to the chairman of the company Vadim Zagrebnoy.
According to him, in 2010, competition in the niche of property insurance will increase, because of its near-dead market lending number of citizens, insuring your property, did not significantly increase. The recovery in this segment may be only in the second half of 2010 as the resumption of lending.
“According to Goskomstat, the total number of apartments in 2008 to over 19.3 million of them are not insured by more than 2-3%. That is the potential of this market is huge,” - said V. Zagrebnoy.
In his opinion, insurance companies, which in 2010 will significantly move forward in this segment, will benefit.
expert said that in 2009 there was a sizeable decline in insurance of collateral physical persons. In the least affected segment of the voluntary property insurance, for which there is even a small increase. “Unfortunately, the sale of insurance policies nezalogovoy estate still accounted for no more than 10-15% of total sales of property policies. In general, according to our calculations, at the end of last year the market went out on a figure 260-270 thousand contracts” — said V. Zagrebnoy.
He stressed that the sums insured on the mortgaged property in 2009 had not been revised since the banks did not change the value of real estate mortgage contracts, although it is strongly decreased in 2009. But in the case of voluntary insurance of property insurance amounts in the amount of its actual market value at the time of insurance. And the amount of compensation calculated on the basis of assessment of damage at the time of the event.
“As before, nearly 100% of collateral insurance contracts are made in express form: examination of the apartment is not done, the client fills out an application for insurance, making a list of insured property”, - said chairman of the UK “Brokbusiness. While the insured property nezalogovogo often insist on insurance, inspection and photography of real estate. In this segment, only 30% of insurance contracts are to express form.
According to V. Zagrebnov, because of dumping prices for property insurance policies in the past year the market declined by almost half. “In 2010, the market average standard rate for such insurance will make 0,2-0,3%, and the minimum - 0,05-0,1%, although at this price risk customers to buy clear exceptions and qualifications,” - he said.
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Experts predict in 2010 increased competition in the market of property insurance
In 2010, we should expect increasing competition in the market of property insurance.
This is stated in the commu1000nication IC “Brokbusiness” (Kiev), referring to the chairman of the company Vadim Zagrebnoy.
According to him, in 2010, competition in the niche of property insurance will increase, because of its near-dead market lending number of citizens, insuring your property, did not significantly increase. The recovery in this segment may be only in the second half of 2010 as the resumption of lending.
“According to Goskomstat, the total number of apartments in 2008 to over 19.3 million of them are not insured by more than 2-3%. That is the potential of this market is huge,” - said V. Zagrebnoy.
In his opinion, insurance companies, which in 2010 will significantly move forward in this segment, will benefit.
expert said that in 2009 there was a sizeable decline in insurance of collateral physical persons. In the least affected segment of the voluntary property insurance, for which there is even a small increase. “Unfortunately, the sale of insurance policies nezalogovoy estate still accounted for no more than 10-15% of total sales of property policies. In general, according to our calculations, at the end of last year the market went out on a figure 260-270 thousand contracts” — said V. Zagrebnoy.
He stressed that the sums insured on the mortgaged property in 2009 had not been revised since the banks did not change the value of real estate mortgage contracts, although it is strongly decreased in 2009. But in the case of voluntary insurance of property insurance amounts in the amount of its actual market value at the time of insurance. And the amount of compensation calculated on the basis of assessment of damage at the time of the event.
“As before, nearly 100% of collateral insurance contracts are made in express form: examination of the apartment is not done, the client fills out an application for insurance, making a list of insured property”, - said chairman of the UK “Brokbusiness. While the insured property nezalogovogo often insist on insurance, inspection and photography of real estate. In this segment, only 30% of insurance contracts are to express form.
According to V. Zagrebnov, because of dumping prices for property insurance policies in the past year the market declined by almost half. “In 2010, the market average standard rate for such insurance will make 0,2-0,3%, and the minimum - 0,05-0,1%, although at this price risk customers to buy clear exceptions and qualifications,” - he said.
Europe: a victory for the bears remained
Putin: Russia in terms of proven oil reserves reached the level of 1990
Agreement between Russia and Belarus signed on oil supplies
Ursula K. Le Guin led war against Google
The gap between rich and poor in Britain is becoming increasingly
KSCA: Kyivavtodor “since the beginning of the winter season to clear the roads spent 21,4 thousand tons of salt
U.S.: Fed commented on the decision to preserve the base interest rate
Lubkivsky: UEFA may return the stadiums in Kiev and Lviv in the area of highest risk due to funding delays
Global imbalances in access to uranium will lead to an increase in mergers and acquisitions in this market