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1 EUR -  7.5590 HRK 1 EUR -  25.333 CZK 1 EUR -  297.25 HUF 1 EUR -  4.3360 PLN 1 EUR -  4.4435 RON 1 EUR -  39.6685 RUB
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Insurance
 Reinsurance solution for ALLIANZ-TIRIAC
In times after global financial crisis and in the midst of global economic uncertainty in the Europe it is more than ever important to increase stability and competitiveness of any insurance company.
The economic crisis brought a multitude of changes in the Romanian
insurance market, including the disappearance of smaller insurance
companies and the tightening of the rules imposed by the national
regulatory authority for this sector. In the effort to address these
challenges and to gain competitive edge, a lot of insurance companies
have had to react in a quick and efficient way, and seek for various
solutions to streamline their operations.
More...
(15.05.2012)
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 Cornelia COMAN appointed CEO of ING Hungary
Cornelia Aurelia COMAN, CEO ING Life Insurance (Romania), will take over, as CEO, ING Life Insurance and Pensions Hungary, starting June 1st, 2012. She replaces Zsolt KOVACS who left ING. In the following months, Mrs. COMAN will coordinate both the Romanian and Hungarian companies, up until her successor in Romania will be appointed. More...
(10.05.2012)
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 OMNIASIG, the company resulting from the merger between OMNIASIG and BCR Asigurari became functional starting May 1, 2012
The merger between BCR Asigurari Vienna Insurance Group and OMNIASIG Vienna Insurance Group ended successfully, according to a company's press release. Starting May 1, 2012, the new insurer became functional, and the former OMNIASIG VIG ceased its activity. The date marked the ending of the organizational and operational procedures corresponding to the merging process, the activity taking place in just one company. During the post-merger period, a final set of necessary stages, such as the portfolio transfer and the registration at the National Trade Register Office, will be completed. More...
(10.05.2012)
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Top 5 brokers on MTPL segment in 2011. SAFETY Broker gains first place
In 2011, the Top 5 brokers on MTPL segment registered important changes compared to 2010, due to a better territorial expansion of independent brokers. Thus, after occupying the 5th place in 2010, SAFETY Broker reached the first place last year, with EUR 12.6 million in mediated MTPL premiums, increasing by 58.1% in EUR according to the specialized magazine INSURANCE Profile. At the same time, PORSCHE Broker, which occupied the first place in 2010, ended on the 5th place in 2011, with mediated premiums of EUR 7.77 million, decreasing by 31.38%. More...
(10.05.2012)
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CREDIT EUROPE Asigurari - gross written premiums increased by 39% in the first 4 month of 2012 compared to the same period in 2011
In 2011, the non-life insurance segments which registered the most significant increases included the general liability insurance (a 84% increase in nominal terms), guarantees insurance (a 78% in nominal terms) and household insurance (a general increase of 67% in nominal terms - the voluntary household insurance being marked by an even bigger increase, of 71%), according to Radu MANOLIU, Deputy General Manager, CREDIT EUROPE Asigurari. Which will be the most dynamic non-life insurance segments in 2012 and what trends will be seen on the market in the near future are two of the themes which will be debated during FIAR - International Insurance-Reinsurance Forum, supported this year by CREDIT EUROPE Asigurari as Main Partner. More...
(10.05.2012)
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How much can the insurance industry take from the nature's fury?
This year's edition of the most important European spring event dedicated to the insurance and reinsurance markets, FIAR - The International Insurance-Reinsurance Forum, includes a seminar dedicated to catastrophe risks: "How much can the insurance industry take from the nature's fury?" More...
(10.05.2012)
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 ARMENIA, FY 2011: Market reinforced by MTPL
In 2011, total insurance premium production of the Armenian insurance companies amounted AMD 22.4 billion or EUR 44.9 million, almost three times more than in 2010 (EUR 17.6 million). Also, in the reference year, insurers have paid claims of AMD 8.1 billion (EUR 15.7 million), according to data published by the local Agency ArmInfo. In 2011, net profit recorded by insurance companies in Armenia amounted to AMD 2.4 billion or EUR 4.6 million, four times more than in 2010. More...
(10.05.2012)
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 GREECE: Maritime insurance "sinks"
A downward trend is observed in Greece regarding boat insurance in the last years according to HAIC that in 2010 results of the written premiums reached EUR 15 million from EUR 15.6 million in 2009. From the above premiums, EUR 4.1 million accounted for the liability insurance of boats. This turn of events is not by chance because it goes in line with sales of leisure boats in Greece that from 2009 and up until 2010 have dropped by 26%. More...
(10.05.2012)
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Financial News
HUNGARY: NBH fears the Szell Kalman Plan 2.0 could lead to higher inflation and may increase the "black economy"
The Monetary Council of Hungary's central bank (NBH) has voted on April 24th to leave the key policy rate unchanged at 7.00%. Thus, it will be the fourth consecutive month when the indicator's value is kept at this level, asthe high volatility of risk perceptions and recent trends in underlying inflation continue to warrant a cautious policy stance. One of the main reasons of concern for the MC's members is the possible inflationary trend generated by the measures recently announced by the government with the Szell Kalman Plan 2.0. More...
(26.04.2012)
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Press Cuttings
TURKEY: Turkish Stocks: Anadolu Sigorta dropped 2.2 percent
Anadolu Anonim Turk Sigorta Sirketi (ANSGR) , a Turkish non-life insurance company, dropped 2.2 percent to 90 kurus after reporting a first-quarter loss of 7.81 million liras ($4.4 million), compared with a profit of 4.51 million liras in the same period of 2011. The company's income was hit by a declining market share in the life insurance segment as it focused on growing its pensions, which "have a brighter future," Neslihan Karagoz, an analyst for Istanbul-based brokerage BGC Partners, said in an e-mailed report today. More...
(09.05.2012)
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POLAND: Talanx has agreed to list in Warsaw
Talanx has agreed to list in Warsaw, the head of Poland's financial regulator (KNF) was reported as saying, and the KNF will soon decide whether to clear takeovers that would make the German group Poland's second-largest insurer. More...
(09.05.2012)
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TURKEY: Insurance market is booming but risks remain
Turkey's insurance market is booming. The sector has been growing for a decade now and the growth prospects have brought many key international players to the country, eager to take their share of the pie, reports Oxford Business Group (OBG). More...
(09.05.2012)
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BULGARIA: General insurers' 2-mo GWP fall 4.9%
"Gross premium income of general insurers in Bulgaria fell by 4.9% on the year to 213.3 million levs ($144.3 million/109.1 million euro) in the first two months of 2012, the country's financial regulator said on Thursday. More...
(09.05.2012)
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CROATIA: Q1 GWP fall 0.8% Y/Y
"Croatia's 27 insurers posted combined gross written premiums of 2.535 billion kuna ($443 million/337 million euro) in the first quarter of 2012, down from 2.556 million kuna a year earlier, the Croatian Insurance Bureau said. More...
(09.05.2012)
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BULGARIA: VIG's Non-life units in to merge
Bulstrad Vienna Insurance Group said it has decided to merge with the Austrian group's other non-life insurance unit in Bulgaria, Bulgarski Imoti. The merger will be carried out through a share swap, Bulstrad Vienna Insurance Group said in a statement on Thursday, following a general shareholders' meeting. More...
(09.05.2012)
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Next Events
Press Cuttings
TURKEY: Turkish Stocks: Anadolu Sigorta dropped 2.2 percent
Anadolu Anonim Turk Sigorta Sirketi (ANSGR) , a Turkish non-life insurance company, dropped 2.2 percent to 90 kurus after reporting a first-quarter loss of 7.81 million liras ($4.4 million), compared with a profit of 4.51 million liras in the same period of 2011. The company's income was hit by a declining market share in the life insurance segment as it focused on growing its pensions, which "have a brighter future," Neslihan Karagoz, an analyst for Istanbul-based brokerage BGC Partners, said in an e-mailed report today. More...
(09.05.2012)
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INTERVIEW |
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 Enkeleda SHEHI, Chairperson, Albanian FSA
One of the main challenges during 2011 was the liberalization of the MTPL market in terms of removal of the fixed-tariff regime. This was immediately followed by a sharp decrease in prices, which influenced the overall market performance. (2012-05-10) More |
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Point of View |
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 National Bank of Serbia, Insurance Supervision Department
Introduction of Solvency II directive in EU, which aims to harmonize insurance regulation throughout the continent and enhance consumer protection, will have a significant impact on insurance in Europe, and also on the Serbian market. (2012-05-10) More |
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Русский
