Company | Net result as at 30 September | Evolution | Turnover as at 30 September | Evolution | ||
---|---|---|---|---|---|---|
2020 | 2019 | 2020 | 2019 | |||
Allianz | 6.124 | 6.943 | -11.79% | 122.788 | 116.914 | 5% |
Munich Re | 1.169 | 2.723 | -57.06% | 48.297 | 42.563 | 13.5% |
SCOR | 0.158 | 0.439 | -64% | 14.377 | 13.184 | 9% |
Swiss Re | -0.691 | 1.343 | -151.45% | 30.164 | 28.443 | 6.05% |
Berkshire Hathaway | -2.033 | -0.305 | -566.56% | 13.464 | 11.193 | 20.29% |
AIG | -5.913 | 2.404 | -345.97% | 21.527 | 23.117 | -6.88% |
AXA | - | - | - | 85.916 | 87.166 | -1.50% |
The decrease in interest reported by many players during the first nine months of 2020 is accounted for by:
- the non-payment of premiums due to the financial difficulties sustained by policyholders,
- termination of insurance contracts,
- the reduction or suspension of certain corporate guarantees due to the reduction or cessation of activities,
- the economic and commercial slowdown,
- the low rate of online underwriting of guarantees. A study reveals that only 2% of the turnover of non-life insurance companies is generated via this tool.
Read also | Top 10 insurers according to gross written premiums [4]