Press releases overview

Russia: How resilient is the economy to financial sanctions?

  • While the recovery has been weak, we have been arguing that Russia gained in macroeconomic stability in recent years.
  • Financial shock-absorbing factors include low inflation and the transition to a new monetary policy framework, rebuilt FX reserves, a prudent fiscal rule and a consumption-driven recovery.
  • Economic capital requirement ratio according to internal management formula at a strong 210 per cent
  • Regulatory capital requirement ratio increased to 250 per cent after successful approval of the partial internal model
  • Group embedded value grows by 3.2 per cent, driven by profitable new business and increased interest rates
  • Profitability of new business in life and health increased considerably to 4.5 per cent
Proposal to the Annual General Meeting: Valerie Brunner and Elgar Fleisch in the UNIQA Supervisory Board
Valerie Brunner, the bank manager with international experience, and renowned technology research Elgar Fleisch have been suggested to the Annual General Meeting of the UNIQA Insurance Group AG (UNIQA) on 28 May 2018 for election into the Supervisory Board.

CEE and the global economy: The big picture

  • The global economic expansion is in full swing and accompanied by intensifying world trade.
  • The growth outlook for the United States has brightened, also due to the tax reform, and the Euro Area is continuing its recovery.
  • CEE remains Europe’s growth engine with GDP growth of 4.4 % in 2017 (y/y, excluding Russia).
  • Monetary policy continues to be accommodative despite of a gradual normalization.
USA: The US central bank Fed hiked the key interest rate last week, as expected
  • Taylor rules seem overall in line with the rate hiking cycle.
  • The natural rate of interest and term premia shed some light on understanding the Fed projections.
  • The market implied risk-neutral 10Y treasury yield is at 3.2 %. The term premium remains negative.
  • Hourly nominal wages and salaries rose by 2.3 % in 2017.
  • However, wages and salaries have remained flat since 2016, when adjusted for inflation.
  • Hourly labor productivity, on the other hand, has picked up with average growth close to 5 %.
  • Nevertheless, since the financial crisis Austrian real hourly wage growth has been among the fastest in Europe.
Load more

Welcome

to our Online Press Center for media and journalists with our latest press releases and downloads.


Sign up

If you would like to receive our latest press releases automatically, just sign up for our mailing list here:

Mailing list

Contact

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
      

Russia: How resilient is the economy to financial sanctions?

  • While the recovery has been weak, we have been arguing that Russia gained in macroeconomic stability in recent years.
  • Financial shock-absorbing factors include low inflation and the transition to a new monetary policy framework, rebuilt FX reserves, a prudent fiscal rule and a consumption-driven recovery.

UNIQA: continues strong capital requirement ratios and excellent risk position
      
  • Economic capital requirement ratio according to internal management formula at a strong 210 per cent
  • Regulatory capital requirement ratio increased to 250 per cent after successful approval of the partial internal model
  • Group embedded value grows by 3.2 per cent, driven by profitable new business and increased interest rates
  • Profitability of new business in life and health increased considerably to 4.5 per cent