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However, it is bound to continue its astonishing development and is regarded to be one of the most important future markets for European companies. Insurance premium growth rates, already double digit figures in most countries of the region, are expected to accelerate in the aftermath of the financial crisis.

Most of the financial institutions were spared from direct impact of the crisis and are well placed to benefit from the expected recovery. While the total size of the market was estimated at EUR 7,36 billion in 2007, the market is expected to more than double by 2017.

Life insurance, health insurance, property insurance and general insurance services as well as reinsurance are segments of the market discussed in the report.

The Insurance Industry in South East Europe reports offers a comprehensive look at the regional and 11 national insurance markets – Slovenia, Croatia, Bosnia and Herzegovina, Montenegro, Kosovo, Serbia, Albania, FYR Macedonia, Bulgaria, Romania and Moldova.

Companies expected to benefit most from the fast growth of demand in the region are regional leaders like Triglav, VIG, Allianz, Croatia Osiguranje, Generali, Uniqa, Sava Re, Fondaria, ING and Grawe.