Press releases overview

Equilibrium exchange rates and currency imbalances in CEE

  • Real exchange rates in CEE have appreciated strongly in the pre-crisis period, though, have mainly stagnated since then
  • Currency undervaluation has been used as an unconventional monetary policy measure in the Czech Republic
  • An estimate of the equilibrium real exchange rate shows that undervaluation was around 4 %
  • Any currency misalignments have been closed and the current economic outlook points towards a real appreciation until 2020
  • Sylva de Fluiter will take over as head of UNIQA Re AG in Zurich as of 1 January 2019.
  • Current UNIQA Re head Hans Uwe Müller is to retire.
  • UNIQA Re coordinates and arranges internal and external reinsurance relationships for companies within the UNIQA Group
Der Rückzug der Babyboomer und das lange Erwerbsleben der Nachgeborenen
  • In den aktuellen Bevölkerungsprognosen der Statistik Austria steigt die Altersabhängigkeit in den nächsten Jahren stark.
  • Frauen sollen ihr Erwerbsverhalten an jenes der Männer angleichen. Bei der Erwerbsbeteiligung soll sich Österreich in Zukunft an die Fersen eines internationalen Musterschülers heften.

 

  • Recurring premiums written rise by 3.1 per cent to €3,957.7 million
  • Total group premiums stable at €4,042.3 million
  • Combined ratio decreased to 96.6 per cent
  • Investment income influenced by gains on disposal from sale of indirect interest in Casinos Austria in the first quarter of 2018
  • Earnings before taxes up 17.1 per cent to €212.4 million
  • Earnings outlook unchanged for 2018: further improvement in earnings before taxes compared with previous year
  • Plans to continue progressive dividend policy confirmed

No signs of abrupt growth slowdown in CEE

Czech Republic, Hungary, Slovakia and Poland

  • Growth momentum in Central Europe remains strong during the third quarter, even accelerating in Poland.
  • In Hungary and Slovakia growth momentum remains elevated with inflationary pressures building up gradually.
  • While core inflation has moved beyond 2 % in Hungary and Slovakia it remains subdued in Poland at below 1 %.
  • Growth has slowed down in the Czech Republic compared to strong growth in 2017. Capacity constraints are intensifying as firms face the tightest labor market in the region.

 

Divergence of growth momentum continues

  • US Federal Reserve Bank kept monetary policy unchanged to get active again in December
  • Euro Area growth slowdown in Q3 might be transitory due to one-of effects of the German car industry
  • Strong growth is set to prolong in CEE, yet gradually approaching more sustainable levels
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UNIQA Group Communication
Untere Donaustraße 21 
1029 Wien
Austria
Tel: +43 1 211 75-3414 
Fax: +43 1 211 75-3619 
E-Mail: presse@uniqa.at 


UNIQA Group Communication
Untere Donaustraße 21 
1029 Wien
Austria
Tel: +43 1 211 75-3414 
Fax: +43 1 211 75-3619 
E-Mail: presse@uniqa.at 


Norbert Heller, Group Media Spokesman

Untere Donaustraße 21
1029 Vienna
Tel: +43 1 211 75-3414 
Mobil: +43 664 112 02 37 
Fax: +43 1 211 75-3619 


Top Releases

UNIQA Capital Markets Weekly
      

Equilibrium exchange rates and currency imbalances in CEE

  • Real exchange rates in CEE have appreciated strongly in the pre-crisis period, though, have mainly stagnated since then
  • Currency undervaluation has been used as an unconventional monetary policy measure in the Czech Republic
  • An estimate of the equilibrium real exchange rate shows that undervaluation was around 4 %
  • Any currency misalignments have been closed and the current economic outlook points towards a real appreciation until 2020

Sylva de Fluiter takes over as head of UNIQA Re AG
      
  • Sylva de Fluiter will take over as head of UNIQA Re AG in Zurich as of 1 January 2019.
  • Current UNIQA Re head Hans Uwe Müller is to retire.
  • UNIQA Re coordinates and arranges internal and external reinsurance relationships for companies within the UNIQA Group