Fitcha澳大利亚保险市场研究报告2010.pdf

Insurance  Austria  Austrian Insurance Market: Review Special Report  and Prospects  Rocky RoadAhead,Particularly for Life Insurers  Analysts  Prospectsforthe Market  Sonja Zinner Fitch Ratings considers the Austrian life insurance sector faces major challenges. +44 20 7682 7399 The country’s non‐life insurance sector also faces difficulties, but to a lesser extent. sonja.zinner@ Tim Ockenga Major challenges faced by the sector in 2010 include: +49 69 768076 118 tim.ockenga@  increasing top‐line volatility and a weaker bottom line as a result of exposure to Central and Eastern Europe (CEE); Related Research lower investment results, which Fitch expects to strain insurers’ earnings; Insurance Industry Rating Outlooks: Global Update (September 2009) potential impairments relating to a high proportion of participations; Insurance Ratings Criteria: Application in a Stressful Environment (February 2009) covering guaranteed interest on traditional life products in a low–interest‐rate Fitch Sees Mounting Pressure on Insurance environment; and Ratings Globally (October 2008) Life Insurance Rating Me thodology intensified competition in motor insurance, resulting in lower premium rates. (March 2010) Non‐Life Insurance Rating Me thodology Review of 2009 (March 2010)  The financial crisis caused decreases in f