XPRIMM News NEWS ALERT, December 6th, 2011

		NEWS ALERT December 6th, 2011

NEWS ALERT BULGARIA: ALLIANZ Life and DZI, market leaders after the first 9 months The latest statistics published by FSC - Financial Supervision Commission indicate for the first nine months of 2011, a 0.5% increase of the Bulgarian insurance market, reaching EUR 589 million (BGN 1.15 billion). Access www.xprimm.com and download the 3Q2011 Bulgarian insurance market statistics. More... HUNGARY: market watchdog confirms a 2.7% fall in GWP in 3Q2011 The Hungarian insurance market 3Q2011 aggregated results recently published by PSZAF (Hungarian Financial Supervision Authority) broadly confirm the figures released by MABISZ, the insurers association. Thus, GWP amounted HUF 618.6 billion (EUR 2.12 billion), down 2.7% in nominal terms, as compared with the same period of 2010. The over 5% y-o-y depreciation of the Hungarian currency in relation to Euro makes the change even worse when calculated in European currency, showing a 7.68% fall in the markets' volume. Still, in terms of profitability, PSZAF's statistics show an aggregated EUR 62 million profit after tax for the Hungarian insurers. Access www.xprimm.com and download the 3Q2011 Hungarian insurance market statistics. More... ESTONIA: The market continued to decline in 3Q2011 In January-September 2011, the gross written premiums of insurance companies in Estonia decreased by 5.2%, reaching EUR 302 million, compared with total underwritings in the correspondent period of 2010. Claims paid by insurers amounted to EUR 193 million according to official data published by the Financial Supervision Authority of Estonia. Access www.xprimm.com and download the 3Q2011 Estonian insurance market. More... Most recent news on xprimm.com: EUROINS Ins. Group: Romanian market generate over 60% of total premiums SAVA Re: The profit has tripled in first 9 months SWISS Re: CEE market will see only a limited premium growth in 2012 SOGAZ Russia entered Serbian market in partnership with SRBIJAGAS INTERAMERICAN Bulgaria enters the Estonian insurance market Subscribe now to www.xprimm.com and SAVE EUR 400 for the GOLD package 30 CEE&CIS countries – insurance statistics and news + CEE and CIS regional statistics Click here for more details Click here for 1 week Free Trial