Back to

XPRIMM News NEWS ALERT, June 24th, 2014
June 24th, 2014

img_lead_5243AZERBAIJAN: 1Q2014 was marked by a 15.37% growth of the local insurance market
by, 2014-06-24
In 1Q2014, the insurance market of Azerbaijan totaled AZN 117.94 million, marking an increase rate of 15.37% in local currency, while the claims payments amounted to AZN 28.57 million (12.49% up), according to data presented by the Ministry of Finance of the Republic of Azerbaijan. Due the exchange rate variations, in European currency, the insurance market increased by 7.72%, to EUR 109.39 million.

img_lead_5242KAZAKHSTAN: Life segment down by 63.10%
by, 2014-06-24
The Kazakh insurance companies ended 1Q2014 with a 14.27% decrease in gross written premiums, to KZT 66,710.15 million, as compared with KZT 77,812.10 million a year before. In the reporting period, claims paid by the insurers amounted to KZT 16,333.38 million, up by 16.17%, as reported by the Regulation and Supervision Authority for Financial Markets and Financial Organizations.

img_lead_5240MOLDOVAN insurers 1Q2014 GWP up by 10%
by, 2014-06-24
The Moldovan insurance market reported for January-March 2014 - gross written premiums of MDL 255 million, up 10% y-o-y, according to the preliminary figures published by the market authority - National Commission of the Financial Market. In European currency - due the devaluation of Moldovan leu against the euro, the insurance market reported a decline of 3.5% y-o-y, to almost EUR 14 million.

img_lead_5241BELARUS, 1Q2014: Market declined by 6.53% y-o-y
by, 2014-06-24
In 1Q2014 Belarusian insurers received insurance premiums for direct insurance and coinsurance in the amount of BYR 1,634,767.48 million, 6.53% less as compared with January-March 2013. The total value of claims paid by the insurance companies during January- March 2014 period reached BYR 712,026.13 million or EUR 52.47 million.

img_lead_523822% increase for the UZBEK insurers' business in the first quarter
by, 2014-06-24
Uzbek insurers reported an increase of 21.8% in GWP for the first quarter of this year, as compared with the same period in 2013. Thus gross written premiums amounted to UZS 109 billion (or ~EUR 35 million) according to the quarterly market report, recently released by the Ministry of Finance of the Republic of Uzbekistan. The value of paid claims totaled UZS 12.7 billion (~EUR 4 million), or 6.1% less y-o-y.

img_lead_5239GEORGIAN insurance market down 20% y-o-y in Q1, driven by the poor performance of the A&H segments
by, 2014-06-24
In Q1 2014, the Georgian insurance market decreased by 20% y-o-y in local currency to GEL 88.5 million, according to data published by the Insurance Supervisory Office - ISO. Due to the exchange rate variations, in European currency, the insurance market decreased by ~29%, to EUR 36.9 million.

Subscribe now to
32 CEE, SEE and CIS countries ?€“ insurance statistics and news + CEE and CIS regional statistics

Click here for more details
Click here for Free Trial


President: Sergiu COSTACHE CEO: Adriana PANCIU
Managing Partner: Alexandru D. CIUNCAN
Development Director: Mihaela CIRCU

Project Manager XPRIMM.COM: Daniela GHETU
Coordinating Editor: Mihai CRACEA
International Column Coordinator: Vlad BOLDIJAR
CIS Research Consultant: Olesea ADONEV
Senior Editor: Oleg DORONCEANU, Andreea RADU
Editors: Oana RADU, Adina TUDOR, Alina CIOBANU, Evelyne PISCAN
Customer Relations Director: Georgiana OPREA
IT Department: Octavian GRIGOR, Dorin PALADE, Cosmin ARMASESCU


Reproduction or use without permission of editorial or graphic content, in any manner, is prohibited. The Editorial Staff is not responsible for the truthfulness or the accuracy of the presented data. The Editorial Staff has the right to present the data in it's own manner. In what concerns the use, in any manner, of the information contained in this e-mail, Romanian laws apply.

Click here to subscribe!
Click here to unsubscribe!

Copyright©2014 Media XPRIMM