Abstract
Finaccord' s report titled Creditor Insurance in Eastern and South-Eastern
Europe offers uniquely detailed insights into the market for creditor
insurance, sometimes also referred to as payment protection insurance or
loan-related insurance, in eight countries. While creditor insurance was worth
slightly over €400 million in gross written premiums in the region in
2006, including coverage for life and permanent disability as well as the
temporary disability and unemployment elements, rapid growth in retail lending
and credit card markets should see it develop quickly in future years. Indeed,
with sustainable growth likely in many markets and with profit margins
relatively high, creditor insurance remains an attractive business for both
lending institutions and underwriters to cultivate.
Drawing on the results of a survey of over 290 lending institutions in eight
countries (Bulgaria, Croatia, Greece, Romania, Russia, Slovenia, Turkey and
Ukraine), the report analyses the provision of creditor insurance by lending
institutions, variances in provision by underlying lending product, operating
models for provision of creditor insurance and partnership configurations.
Moreover, the PartnerBASE™ database that accompanies the report details
each of the c. 420 creditor insurance marketing initiatives traced by
Finaccord. Together, the report and database will provide you with the
definitive guide to current and future opportunities in creditor insurance in
Eastern and South-Eastern Europe.
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