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9 out of 10 Austrian insurance undertakings have SCR solvency level of over 200%

Written by Adam Cadle
17/09/2024

Nine out of ten Austrian insurance undertakings (87.5%) had an SCR solvency level of over 200% at the middle of the year, thereby having twice as high own funds as necessary, the Austrian Financial Market Authority (FMA) has revealed.

As of 30 June 2024, the median stood at 259.65% (H1 2023: 257.20%; 2022: 230.56%; 2021: 221%; 2020: 199.29%).

The total of all assets at market value (excluding investments in unit-linked and index-linked life insurance) of insurance undertakings stood at around €106.3bn at the middle of the year, around €1.56bn higher than in the preceding year.

The premium volume of Austrian insurance undertakings increased during the second quarter of 2024 by 6.01% to € 5.68bn compared with Q2 2023.


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