 TOP
NEWS |
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 CEA
Conference: Insurance reform - opportunity of threat?
by andreea.ionete@mxp.ro, 2011-06-23
"Insurance reform - opportunity of threat?" is
the theme of the 3rd edition of the International Insurance Conference, the event
that CEA, the Federation of European Insurers and Reinsurers, has organized on
the 16th of June, in Athens, Greece. The event had as main focus the wave of
legislative proposals to reform the regulatory and supervisory activities in
financial services, that came amid the turmoil affecting the global economy over
the past two years.
 More  Продолжение
 POLAND:
Insurance market has remained stable in 1Q/2011
by vlad.boldijar@mxp.ro, 2011-06-23
According to the data presented by PIU, in the first three months
of this year, the Polish non-life insurers paid out over PLN 3.4
billion (EUR 0.85 billion) to their clients. Life claims amounted
to nearly PLN 5.8 billion (EUR 1.45 billion). Also, non-life insurers,
for the first time in many quarters, recorded a positive technical
result (PLN 131.7 million - EUR 32.8 million) and net profit (PLN
314.9 million - EUR 78.49 million).
More Продолжение
 New
Top Management at UNIQA Group starting next Friday
by vlad.boldijar@mxp.ro, 2011-06-23
According to the company's press release, Konstantin KLIEN, since
1 January 2002 Chairman of the Management Board of UNIQA Versicherungen
AG, will leave the company on 30 June 2011, as already announced.
Also, Karl UNGER (born 1953), since 1 January 2002 Board Member of
UNIQA Versicherungen AG, will leave the Management Board on the same
date.
More Продолжение
 GENERALI
PPF: New leadership in the Czech Republic and Russia
by vlad.boldijar@mxp.ro, 2011-06-23
According to the company's press release, GENERALI Pojistovna - GENERALI
PPF's Czech branch will have from 1st July 2011 a new Chief Executive
Officer (CEO): Stefan TILLINGER. Petr KOPECKY (41), the present CEO
and member of the GENERALI Pojistovna's Board of Directors, is leaving
by his own decision on 30th June 2011, having resigned from all positions
and offices held at GENERALI Pojistovna.
More Продолжение
 Bulgaria:
Insurers underwritings fell by 1.5% in 1Q/2011
by olesea.serghiescu@mxp.ro, 2011-06-10
Gross premiums underwritten by insurance companies in the first three
months of this year totaled EUR 201.90 million, down by 1.5% compared
to the same period in 2010, and claims paid by Bulgarian insurers
in this period amounted to nearly EUR 93 million, according to the
report of the local supervisory authority.
More Продолжение
 Republic
of Moldova: Brokers mediated 28% of the total premiums
by vlad.boldijar@mxp.ro, 2011-06-23
The 65 brokerage companies active on the market in the Republic of
Moldova mediated MLD 58.38 million - EUR 3.54 million, in the first
three months of the current year. The figure represents, according
to the data published by the supervisory authorities in Chisinau,
27.53% of the total insurance market. Altogether, in comparison with
the period January - March of 2010, the volume of premium mediated
by brokers grew, nominal in European currency, by 36.7%.
More Продолжение
 Insurance
integration began in the countries of the former Yugoslavia
by mihaela.circu@mxp.ro, andreea.ionete@mxp.ro,
2011-06-17
"All those who believe they can succeed alone, they
are wrong. Globalization has brought new rules and opportunities,
highlighting that the development direction
is towards integration and towards improving competitiveness in all areas", said Robert STUDE, President of SorS, in the opening of the event held during
June 15th-17th, in Sarajevo. This year's conference focused on integration processes
and their impact on competitiveness of the insurance industry.
More Продолжение
 Uzbekistan:
Market capitalization continues during 2012-2014
by daniela.ghetu@mxp.ro, 2011-06-23
In accordance with legislative changes regarding the amendment of
the requirements related to the minimum level of share capital of
insurers, within three years, starting July 1st, 2012 and until July
1st, 2014, insurance companies in Uzbekistan must increase their
share capital as follows:
- for general insurance activity - to EUR 1.125 million,
- for life insurance activity - to EUR 1.5 million,
- for mandatory insurance activity - to EUR 2.25 million,
- for exclusive reinsurance activity - to EUR 5 million.
More Продолжение
 RUSSIA:
ROSNO will not pay dividends on outstanding shares in 2010
by daniela.ghetu@mxp.ro, olesea.serghiescu@mxp.ro,
2011-06-23
The ROSNO's annual general meeting of shareholders decided, after
analizing and approving the company's report for 2010, including
the Audit Committee's report, the annual accounts and the profit
and loss statement, that no dividents will be paid on the outstanding
shares in 2010. The company will allocate a RUB 1.43 million to the
surplus fund and retain the remaining profit of RUB 27.24 million.
More Продолжение
 RUSSIA:
SOGAZ reports 16% premium growth in Q1, but 50% less profit
by daniela.ghetu@mxp.ro, 2011-06-23
In the first quarter of 2011, SOGAZ Insurance Group's underwritings
registered a 16% y-o-y growth rate, up to RUB 39.01 billion (EUR
0.97 billion, considering the CBRF's March 31st exchange rate of
RUB 40.0223 for 1 EUR), while the paid claims volume grew by 28%,
to RUB 18.52 billion. According to the Russian Accounting Standards,
net profits went down by 50%, to RUB 1.27 billion. "This
deviation is temporary and technical in nature and will not affect
the year-end profit. It is noteworthy that the profit according to
IFRS remained almost unchanged. As in last year, it exceeded RUB
2 billion", stated Sergey IVANOV, Chairman of SOGAZ Management Board.
More Продолжение
 Romanian
Post is expanding in insurance
by mihai.cracea@mxp.ro, 2011-06-20
The Minister of Communications and Information Society, Valerian
VREME, said Friday, June 17th, current year, that the ministry has
prepared a project of Government Resolution through which it wants
to establish two new societies, the Romanian Post Bank and the Romanian
Post Insurance, where the Post would be 100% shareholder.
More Продолжение
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here for more Romanian insurance market news!
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| FINANCIAL
NEWS |
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 ERSTE
Group: CEE countries expected to surpass growth rate of euro
zone by 1 percentage point
by daniela.ghetu@mxp.ro, 2011-06-23
The economic recovery in the CEE countries is progressing according
to a similar pattern as in the euro area, ERSTE Group analysts said
in the beginning of this week. The Group's outlook takes into consideration
the economic data of the CEE8 countries: Croatia, Serbia, Romania,
Slovakia, Czech Republic, Ukraine, Hungary, Poland.
 IMF:
Economic expansion of 4.5% expected in 2011 and 2012 in emerging
Europe
by daniela.ghetu@mxp.ro, 2011-06-23
"Emerging Europe returned to growth in 2010, but performance varied widely
across the region, reflecting the idiosyncratic legacies of previous boom-bust
cycles. For 2011 and 2012, an economic expansion of 4.25 percent is projected
with much less disparity in intraregional growth, as domestic demand takes over
as the main driving force", states the Regional Economic Outlook: Europe - Strengthening the Recovery,
released in May by the International Monetary Fund (IMF).
 EUROSTAT:
the lowest labour costs were recorded in the CEE region
by daniela.ghetu@mxp.ro, 2011-06-23
Among the EU Member States for which data are available for the first
quarter of 2011, the highest annual increases in hourly labour costs
were registered in Bulgaria (+7.8%) and Hungary (+5.6%). Still, both
countries belong to 6 CEE countries group recording the lowest labour
cost in the European Union. Annual decreases were observed in Greece
(-6.8%) and Ireland (-2.2%), the Labour cost index published by EUROSTAT
on June 20th states. |
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| EDITORIAL |
|
 One
click away from 29 insurance markets
We are pleased to introduce you the new series of XPRIMM News: the
old brand, with a completely renewed concept.
Starting today, XPRIMM News will offer you a broader perspective
on the CEE and CIS insurance markets: more regional news, interviews
and professional opinions, country statistics, regional financial
news, forthcoming events, as well as a synthesis of regional insurance
headlines. In short, a comprehensive image of the insurance business
across the region. Read
more
daniela.ghetu@mxp.ro
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| EVENTS |
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The Azerbaijan
International Insurance Forum
July 7th-8th, 2011
Baku Business Center, Baku, Republic of Azerbaijan
 Mandatory
household insurance - a project ready for launch
Ahmet CELEBILER, Member of the Board, Insurance Practitioners' Association,
Turkey is one of the Keynote Speakers who confirmed their participation
to the second edition of the Azerbaijan International Insurance Forum
(July 7th-8th, Baku, Azerbaijan). His contribution, as one of the
main architects of the Turkish mandatory household insurance program,
is more than relevant considering the latest news in the region.
Thus, according to the news website today.az, the draft law regarding
the "Compulsory
Insurance Types" was adopted by the Azeri Parliament during the second reading, just a few days
ago.The new draft law regulates four types of compulsory insurance:
real estate, motor vehicles owners' liability, passenger insurance
and liability insurance for exploitation of real estate. Read more
Les Rendez-Vous de Septembre
September 10th-15th, 2011
Monte Carlo, Monaco
Organizer: RVS
Media Partner: PRIMM Magazine
- Insurance&Pensions
For details: www.rvs-monte-carlo.com
11th International Yalta Finance Forum
September 19th-23rd, 2011
Yalta, Ukraine
Organizer: The League of Insurance
Organizations of Ukraine
Media Partner: PRIMM Magazine
- Insurance & Pensions
For details: www.cbs.org.ua
32nd Baden-Baden Meeting 2011
October 23rd-27th, 2011
Baden-Baden, Germany
For details: www.badendirectory.com
EIOPA Conference
November 16th, Frankfurt am Main
Organizer: MALEKI Group
Media Partner: PRIMM Publications
For details: www.malekigroup.com
International Insurance Forum 2012
April 22nd-25th 2012
Istanbul, Turkey
Organizers: Media XPRIMM and
Istanbul Underwriting Center
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| INTERVIEW |
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 Ramunas
BARAVYKAS
Deputy Chairman
Lithuanian ISC
Lithuanian insurance market remained financially
stable. Lithuania avoided the problems that the insurance markets
in some other economically developed countries have encountered.
Trying to adapt to the existing situation, insurers applied preventive
measures aimed at reducing the number of contract cancellations.
Some insurers offered new products that better meet the needs of
the decreasing market; the others improved the existing products
by adapting them to the current situation, facilitating payment
schedules. Besides, the majority of insurers reduced operating
costs and increased the work efficiency by improving the use of
human resources as well as paid more attention to risk management. Read more
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| STATISTICS |
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Florina
VIZINTEANU
Elisabeta
GJONI
