XPRIMM News NEWS ALERT, November 1st, 2011

		NEWS ALERT November 1st, 2011

NEWS ALERT ALBANIA: More than 5% market increase in 3Q 2011 Insurance premium revenues in January - September 2011 were about ALL 6.52 billion (EUR 46.27 million), or 5.2% (in local currency) more than the same period in 2010, according to Albania’s Financial Supervisory Authority. The Albanian insurance market continued to be dominated by non-life insurance, which accounted for more than 87% of the total premium volume (gross written premiums of ALL 5.72 billion / EUR 40.60 million). Meanwhile, life insurance has increased by over 30%, continuing the trend registered at the end of June, 2011. Access www.xprimm.com and download the 3Q2011 Albanian insurance market statistics More... TURKEY: insurance market growing at a high speed First half of 2011 meant for the Turkish insurance market a nominal growth in written premiums of about 25%, up to TRY 8.9 billion (EUR 3.8 billion), according to the data published by the Association of Insurance and Reinsurance Companies of Turkey. Life insurance line registered a high y-o-y growth rate, of almost 40%, adding two percentage points to their market portfolio share, up to 17%. On the non-life side, motor insurance lines remain the main source of business, with a 37% share of the total written premium, while property insurance classes maintained their total weight almost unchanged, at about 22%. Access www.xprimm.com and download the 1H2011 Turkish insurance market statistics More... Most recent news on xprimm.com: SLOVENIA: EUR 5.2 million profit for MARIBOR in 1H2011 AXA Group: 3Q 2011 revenues are down 2% HUNGARY: "Crisis tax" paid by insurers, the heaviest burden on the industry ARMENIA: MTPL increased the share of insurance in GDP LATVIA: Car theft, the most feared risk, although it only represents 1% of the actual claims AZERBAIJAN SENAYE Sigorta and PASHA Sigorta will insure the CBA properties. ATESHGAH Life insured US Embassy staff in Azerbaijan ALLIANZ - Slovenska, best motor insurer in 2011 according SIBAF BALTA (Latvia): Only 15% of the insured homeowners are also covering their civil liability BELARUS: Online insurance launched KAZAKHSTAN: PANA Insurance will merge with ALLIANCE Police LATVIA: Property insurance is increasing TURKEY: only 7% of homes from the earthquake affected area covered by the Pool Subscribe now to www.xprimm.com 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