Actuarial resource constraints hold back growth in central and eastern Europe

Victory Square in Romania

A lack of actuarial resources and difficulties in building scale are holding international insurers back from growing in emerging European markets. A number of European groups have expanded their operations to Central and Eastern Europe (CEE) and Turkey in recent years. But they face various operational challenges on the road to ensuring these subsidiaries are well risk-managed, say insurers operating in the region. Last month, French group Axa announced it was exiting the Romanian life insur