 BREAKING
NEWS |
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 UCAROGLU:
TCIP is a model structure for effective PPP
by daniela.ghetu@mxp.ro, 2012-07-10
"Natural catastrophe property insurance coverage increased from 4% to 26%,
following the TCIP-Turkish Catastrophe Insurance Pool establishment, while the
claims-paying capacity was enhanced to USD 3.3 billion", showed at AIIF 2012 Menekse UCAROGLU, President of the Board, IUC, Turkey.
Speaking about the TCIP achievements she also mentioned the increased public
awareness for earthquake and insurance, the centralized marketing activities
and brand management, the solid reinsurance program and increased operational
efficiency, as well the improved coordinated work between the public agencies,
the insurance industry, universities etc. "Keeping pricing at affordable level was also one the factors which made TCIP
a model structure for effective public-private partnership", she said.
 More
 WICHTOWSKI:
Green Card System is assisting Azerbaijan to prepare for the CoB
membership
by daniela.ghetu@mxp.ro, 2012-07-10
"Every year are more and more accidents, because people are moving, working
and travelling. This means the Green Card System is paying more over EUR 1.7
billion for claims. In many cases, in our domestic level, the claims are not
so high because the limits are low. But in other countries, as France, there
is no limit for cover. In EU, the lower limit is EUR 5 million, which is an issue
needing a careful consideration if taking into account that claims settlement
takes place in the country were the accident happened", said Mariusz WICHTOWSKI, President, Council of Bureaux, at AIIF 2012.
More
 OKTAY:
Life insurance purchasing should be encouraged by state financial
incentives
by daniela.ghetu@mxp.ro, 2012-07-10
"The existence of a governmental sponsorship is very important to motivate
people in purchasing long term life insurance policies, especially when it comes
about the emerging, very young insurance markets", said Dr. Ahmet Naim OKTAY, CEO, Bs Management Consulting, speaking about the
international experience of long term life insurance at the 2012 edition of AIIF
- The Azerbaijan International Insurance Forum. "In Turkey, 65% of the insured cannot benefit from tax deduction", he added.
More
 NADIROV:
Life insurance is the main growth source for the Kazakhstan market
by daniela.ghetu@mxp.ro, 2012-07-10
Traditional life insurance classes represent the fastest growing
segment in the Kazakh insurance market, recording in 1Q2012 a 420.6%
growth rate, to EUR 12.4 million, mainly as a result of successful
bancassurance operations. In the same period, annuity insurance market
growth was of 52.7%, to EUR 34.9 million. Data were presented at
AIIF 2012 by Dmitriy NADIROV, CEO, GENERALI Life, Kazakhstan.
More
 GEN
Re Russia: From 2001 until 2011, premiums written in the emerging
markets increased by 150% (update)
by olesea.adonev@mxp.ro, 2012-07-05
"New types of mandatory insurance contributed to the underwritings growth in
emerging markets. From 2001 until 2011, premiums written in the emerging markets
increased by 150%, according to SWISS Re's study. The most significant growth
rate was registered in South-East Asia and Latin America. Therefore, the share
of emerging markets in the total life insurance business worldwide increased
from 5% to 14% and in the non-life insurance business, from 7% to 16%" said Capitolina TOURBINA, Director of Russia Representative Office, GEN Re at
the Azerbaijan International Insurance Forum, organized in partnership by Azerbaijan
Insurers Association and Media XPRIMM.
More
Read also:
SLOVENIA,
1Q2012: Continued the negative dynamics which started in 2011
SERBIA,
1Q2012: Despite economic decline, insurance market went up
BOSNIA,
1Q2012: FBiH in black, RS in red
LATVIA,
1Q2012: Decreasing domestic business compensated by the premiums
written abroad
Stagnation
for ESTONIAN market in 1Q2012
ALBANIA,
1Q2012: GWP falls 15.7%
KOSOVO,
1Q2012: GWP rose 2.9% |
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