Golden opportunities in a volatile and high risk environment

Driven by the prospect of European Union membership, the countries of Central and Eastern Europe (CEE) have done much to liberalise and reform their financial services markets. But over the last few years the pace of change has increased significantly, particularly in the insurance sector. Hardly a day passes without news of a foreign multinational entering the market, of a local company increasing its capitalisation, of a government disposing of its remaining stake in a former state insurance company or announcing its intention to reform the national pension or health insurance legislation.