Solvency and Financial Condition of Austrian Insurance Companies - improved risk absorbing ability, high quality of own funds
(World News Austria)

Austria`s insurance undertakings have further improved their levels of own funds in order to be able to absorb the risks arising from their activities. This was the finding of the current review of insurance companies` Solvency and Financial Conditional Reports (SFCRs) that have been analysed by the Austrian Financial Market Authority (FMA). The median of the own funds of all 37 insurance undertakings licenced in Austria as of the reporting date of 31.12.2017 stood at 251.5 % of the Solvency Capital Requirement (SCR). This represents a 14% improvement over the values from the previous year (2016: 237 %). The Austrian insurance sector is therefore considerably higher than the European median...