The new method used to issue MTPL insurance policies implemented through the United Insurance Database significantly increased the level of coverage for vehicle owners and also reduced fraud. Moreover, recording accident-free drivers through the use of the bonus-malus system has also become very handy because it offers an advantage during the acquisition of insurance policy.

Clients can not be "taken"; in fact, they are the ones who choose. We believe that the decisions that they make increasingly consider the quality of TRIGLAV Insurance, primarily a high level of confidence that is reflected in the rating of the entire Group, but also a high level of adaptability to the needs of each insured in Serbia.

How to motivate savings in a climate of distrust in the financial sector?
Yves Leterme is key-note speaker at the WorldPensionSummit in Amsterdam on 13 and 14 November. This Summit is the only worldwide platform for pension professionals. In this interview Mr. Leterme addresses a number of current key pension dilemmas. An outlook on future pension developments.

The results of the Russian reinsurance market in 2012 can be evaluated as encouraging. After six years of falling and stagnation, the Russian reinsurance companies have collected RUB 42.3 billion, which is 21.6% more than for the last year.

With the formation of the Customs Union and the declaration of the developing United Economic Community by the governments of the participating countries there is a process of getting a more balanced and harmonized legislation by unifying the legislation of those countries also with regards to the insurance sector.

The Azerbaijan International Insurance Forum has already become a tradition and we consider it a highly important event, because it represents a platform for the experience exchange between insurance leaders and specialists, which is of great use not only to us, but also to our country's neighbors. Moreover, we are extremely pleased that, in the past years, our foreign colleagues were interested, in turn, in our experience on various topics.

It is a fact that the recent development achieved in the compulsory insurance market in Azerbaijan is closely connected with the adoption of the new Law. Since 2011 with the enforcement of the Law, the number of compulsory insurance agreements has been significantly increased. However, the increase mainly relates to the compulsory civil liability insurance of motor vehicle owners.

Being the only local reinsurer, AzRe plans to build a cat reinsurance whole-market solution for the Azerbaijan market, as a response to the new growing demand. The main advantages we have within the region are our financial stability which is crucial in our business or any other, our excellent claim payment ability and solid reputation.

The main reasons that some reinsurers are reducing or withdrawing from the Romanian reinsurance market are: a) the worsening of results in motor third party liability portfolios caused by heavy original term competition, large moral damage awards and low original Insurance Company retentions b) a belief that Romanian catastrophe programmes are not as well rated as other catastrophe programmes that are available on the international market c) concern over original property rates d) a perceived increase in large property loss activity.

The last quarter of 2012 confirmed that in the last year Bosnia and Herzegovina found itself in a recession for the first time since the global financial crisis of 2009. In this context, the most important factors that influenced the insurance market's development would be the absence of major capital investment, slower economic growth and rising of unemployment.

Despite the fact that the MTPL insurance is quite a small part of the whole non-life insurance market in Latvia (in the year 2012, holding about 13% of it, according to The Financial and Capital Market Commission statistics), we see the MTPL insurance as a significant part of the Latvian non-life insurance market. This insurance mode is compulsory according to the national law and attracting customers is essential, thus, interesting for insurance companies.

In 2013 we expect stability on the Macedonian insurance market with indicators for its further development and improvement.
In the non-life insurance segment we expect a slight growth, while in the life-insurance one we expect the trend of two-digit growths to continue.
Also, as a result of the adoption of the Law on Voluntary Insurance in 2012 by the Ministry of Health, we expect a development of the health insurance market because the insurance undertakings will sell policies for the voluntary health insurance.

One of the tasks for Belarus Re is to acquire the status of regional reinsurer. At present, our company is dynamically developing an international reinsurance segment, where BELARUS Re faces a fierce competition and other phenomena specific to the global reinsurance market.

The year 2013, albeit showing early signs of growth, is expected to be a difficult year for the insurance market, mainly due to the pricing transition the MTPL portfolio is undergoing. On average DMTPL premiums have almost doubled in 2012 compared to 2011, but the pricing instability and the fierce competition also play their role, in taking away from the market its real growth potential and delaying the penetration in other insurance classes.

For a while now there has been additional legislation on planning within the EU to bring together the remaining areas of anti-discrimination legislation, the two key areas which for the insurance industry are age and disability. It is clear to most stakeholders that the industry will survive uni-gender pricing and benefits, even if few, if any, policy holders will benefit, but the loss of age and disability (or health, depending on how you define it) would have catastrophic consequences for the private insurance industry.

I think that when it comes to the MTPL business our objective is the security of our insured because, if we are leaking money due to highly insufficient premiums, sooner or later the financial solidity of the insurance company will become questionable.

There are 28 insurance companies operating in the Serbian insurance market- some of them big foreign insurance companies and financial organisations and funds. Nevertheless, the Serbian insurance market's potential is huge, as insurance premium account for 80 EUR per citizen, which is far below the average in the developed European countries. As such, there is room for further development and appearance of foreign insurance companies can only have a stimulating effect on domestic insurers.

Reinsurers that protect Insurance Companies in CEE on an excess of loss basis are extremely concerned about the rising bodily injury claims since, once the Insurers retention has been exhausted on one claim "event", all further claims burden falls to the reinsurers and, in certain countries these can be claims without limitation.

2002 is the year of the founding, in the Republic of Moldova, of one new insurance company-MOLDASIG, which in a very short time became the leader of the market, a position that they held also in 2012, when the company reached the 10th year of operation. In the meantime, the company had changed shareholders two times, extended their activity outside of the country and reached a 30% market share with over RON 600 million paid to their financing clients. Their local network features 32 local offices and 10 representatives. On the birth of MOLDASIG and the accomplishments in the insurance market of Moldova we are discussing with Vitalie BODEA, General Director of the company since its beginning.

Analyzing the situation in respect of the main types of risks in 2012, the international reinsurance market continues to hold excess insurance and reinsurance capacity. No peculiar preconditions to change an established trend in 2013 are in view, so we can expect a further gradual reduction of insurance rates.