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CEE Insurance M&A Study 2023
Regional insurance firms remained resilient amid economic and political uncertainties.
We are introducing our 6th CEE Insurance M&A Study analyzing and summarizing mergers and acquisitions in the insurance sector and the current market trends within the Central and Eastern European region.
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CEE Insurance M&A Study 2023
We are happy to hereby release the 6th edition of our CEE insurance M&A study
In 2022, despite global challenges, the Central and Eastern Europe (CEE) insurance sector showed resilience with 14 closed M&A deals; however, in 2023, a 33.3% decline in deal flow resulted from an uncertain economic environment, leading to a pause in regional expansion for market consolidators. The industry responded to challenges with a shift towards non-traditional deals, insurtech collaborations, and transformative changes, emphasizing the imperative for adaptation, innovation, and sustainable strategies in the dynamic CEE insurance landscape.
For more information on the CEE Insurance M&A transactions and the latest market trends, download our annual study.
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In 2023, the CEE region witnessed a drop in insurance M&A deal activity, largely driven by the uncertain economic environment characterized by high inflation and elevated interest rates, prompting numerous market consolidators to temporarily suspend their regional expansion plans.
Shift in deal focus
In 2023, there was a notable shift towards non-traditional insurance deals, with investors showing a keen interest in insurance intermediaries and online comparison portals, offering appeal to venture capital due to fewer regulations, lower initial investment, and swift returns.
Rise in insurtech collaboration
The traditional insurance sector faces a technological evolution with challenges like legacy systems and regulatory complexities, while collaboration with insurtech allows the integration of innovative solutions, enhanced personalization, and advanced risk analysis leveraging large volumes of structured customer data.
Industry challenges and transformation
In 2023, the insurance industry underwent transformative changes with the implementation of IFRS 17, the integration of ESG factors, and a focus on technological evolution. The rise in insurtech collaborations is an opportunity for traditional insurers to improve innovation, personalization, and risk analysis. Emphasizing the dynamic nature of the CEE insurance landscape, the conclusion highlights the industry's imperative to adapt, innovate, and formulate sustainable strategies for future success.
Interactive dashboard
Follow M&A activity in the insurance sector with our interactive dashboard.
Contact
For more information on our Mergers & Acquisitions services, contact us.
