 TOP
NEWS |
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 The
Council of Bureaux, represented at highest level at the Motor
Insurance Conference in Bulgaria
by andreea.ionete@mxp.ro, 2011-08-23
The President of the Green Card Council of Bureaux, Mariusz WICHTOWSKI,
confirmed his presence as keynote-speaker at the Motor Insurance
Conference - Bulgaria 2011, event that will take place on September
27th, 2011, in Sofia, under the title "Cross-border
Cooperation". During the event, Mariusz WICHTOWSKI will hold a presentation on potential
solutions and dangers in claims management and financial discipline
in the Green Card system.
 More  Продолжение
 The
19% decrease on the motor lines pushed down the Romanian insurance
market 7.4%
by andreea.ionete@mxp.ro, 2011-08-26
The insurance market in Romania ended the first half of this year
with underwritings of RON 4.02 billion, the 7.43% decrease compared
with the same period in 2010 being determined by the evolution of
motor insurance, which has registered a decline of 19.1%, to RON
2.13 billion. This decrease in income did not affect companies' ability
to pay claims and insurance indemnisations, the total volume of payments
being RON 2.47 billion, representing, as in the same period of last
year, more than 60% of gross written premiums, according to the Insurance
Supervisory Commission.
More Продолжение
 Signs
of recovery for the Bulgarian market
by vlad.boldijar@mxp.ro, 2011-08-29
The latest statistics indicate for the second quarter of this year
a 2 percentage points increase of the Bulgarian economy, showing
strong signs of recovery after three years of economic crisis. Also,
the Cabinet in Sofia forecasts an economic growth of 3.6 percent
for the end of the year. The insurance market "did
not wait too long" for signs of consolidation, after six months of 2011 increasing at the same
pace with the economy: +0.8%, reaching EUR 417.6 million.
More Продолжение
 Premiums
of EUR 1.12 billion for the Ukrainian market in H1
by olesea.serghiescu@mxp.ro, 2011-08-30
The Ukrainian insurance companies have written in the first six months
of 2011 over UAH 13 billion (EUR 1.12 billion) in premiums, according
to the preliminary figures. "In
this regard, the market recorded a 30% increase compared with the
same period of the previous year", stated Natalia GUDIMA, President of the Ukrainian Insurance Companies League.
More Продолжение
 UNIQA
Group continued its development in the CEE markets
by mihai.cracea@mxp.ro, 2011-09-01
The profit of the Austrian group UNIQA has continued to grow, especially
on the Central and Eastern European Markets, reaching EUR 53 million
(6.8% increase). At the same time, the entire premium volume written
(recurring and single premiums) amounted to EUR 3.19 billion.
More Продолжение
 Albanian
market grew by 5% in 1H/2011
by vlad.boldijar@mxp.ro, 2011-08-30
The first six months of this year marked a 5% increase for the Albanian
insurance market, the total volume of underwritings reaching about
EUR 30.4 million, according to preliminary results released by the
Albanian Financial Supervisory Authority.
More Продолжение
 Insurers
gather for the 11th International Yalta Finance Forum in September
by andreea.ionete@mxp.ro, 2011-08-29
The 11th International Yalta Finance Forum will take place on September
19-23, 2011. Traditionally, but also as a partner in the Memorandum
of cooperation previously signed with the League of Insurance Companies
of Ukraine, PRIMM - Insurance & Pensions
Magazine is Media Partner of this event, thus ensuring promotion
of the Eastern-European markets, strongly supported by LIOU.
More Продолжение
 Republic
of Moldova: Negative
dynamic for the market profitability
by vlad.boldijar@mxp.ro, 2011-08-24
Gross profit in the first half of this year for the players in the
insurance market was MDL 41.5 million (EUR 2.5 million), which represents,
compared to 1H/2010, an evolution in absolute value of about EUR
1.9 million (editor's note: in 1H/2010, gross profit was MDL 73.2
million, the equivalent of EUR 4.4 million). Also, losses accounted
by insurers amounted to MDL 20.9 million (EUR 1.3 million).
More Продолжение
 What's
new in the Top 10 insurance companies in Romania?
by vlad.boldijar@mxp.ro, 2011-08-31
The top of insurance companies at the end of the first half of 2011
does not bring changes at the level of the first three insurance
companies. With an underwritings volume of EUR 133.6 million, the
first position goes to the company ASTRA - a nominal decrease in
EUR by 4.6% compared to 1H/2010. The second position is held by ALLIANZ-TIRIAC
(underwritings of EUR 109.4 million), while the third company on
the profile market in Romania is OMNIASIG which, with a volume of
gross written premiums of EUR 103.6 million, marked a decrease of
11.2%.
More Продолжение
 New
acquisitions in Albania for VIG
by vlad.boldijar@mxp.ro, 2011-08-29
VIG signed last week an agreement to acquire a majority share in
the Albanian insurance company INTERSIG. As a result of this transaction,
subject to official approval, VIG will acquire 75% of the shares
plus one share of the company from private ownership. The parties
have agreed not to disclose the purchase price.
More Продолжение
 The
premiums of SOGAZ Group have increased by 19%, to EUR 1.57 billion,
in 1H/2011
by olesea.serghiescu@mxp.ro, 2011-08-26
Gross written premiums of insurance companies members of SOGAZ, in
the first six months of 2011, totaled RUB 65.64 billion (EUR 1.57
billion), up by 19% compared to the similar period of 2010. The total
volume of claims paid by the entire group has reached RUB 41.8 billion
(EUR 1 billion).
More Продолжение
 New
Chief Compliance Officer at ERGO
by vlad.boldijar@mxp.ro, 2011-08-29
Starting 1st January 2012, ERGO Insurance Group will be establishing
a new Compliance unit and has appointed Stefanie HELD as the Chief
Compliance Officer (CCO). A jurist by profession, Stefanie HELD will
be setting up the new unit with her own team and will be responsible
for the compliance organization within ERGO Insurance Group.
More Продолжение
 Insurance
market in Bosnia and Herzegovina reported positive dynamics in 1H/2011
by vlad.boldijar@mxp.ro, 2011-08-31
The total value of gross written premiums of insurance companies
active in the two administrative entities that make up Bosnia and
Herzegovina (Federation of Bosnia and Herzegovina and Republika Srpska)
stood, in the first six months of this year, to EUR 128.6 million,
up by 5.2% compared to January-June 2010. Also, 71% of total underwritings
were made in the Federation of Bosnia and Herzegovina (FBiH), the
remaining 29% being registered in Republika Sprska (RS).
More Продолжение
 WILLIS
strengthen presence on the Polish insurance market with the acquisition
of BCU AMA
by mihai.cracea@mxp.ro, 2011-08-30
WILLIS Europe, a division of the global insurance broker WILLIS Group
Holdings, has acquired 100 percent of the shares of Polish insurance
broker, BROKERSKIE Centrum Ubezpieczeniowe AMA. The deal, effective
immediately, will further strengthen WILLIS' presence in the country,
in particular in the growing Employee Benefits and Construction sectors.
Terms of the transaction are not disclosed.
More Продолжение
 The
10th anniversary of the "November Business Meeting of Reinsurers", on November 29th-30th, 2011
by olesea.sergiescu@mxp.ro, 2011-08-22
The 10 years anniversary of the "November
Business Meeting of Reinsurers" event will take place on November 29th-30th, 2011, in Moscow. The reinsurers'
meeting is organized by All-Russian Insurance Association (ARIA)
and DELOVOY Format Group, while PRIMM - Insurance & Pensions Magazine is supporting the event as Media Partner.
More Продолжение
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| FINANCIAL
NEWS |
|
S&P
raises Czech sovereign ratings
by daniela.ghetu@mxp.ro, 2011-08-24
Standard & Poor's (S&P) has raised
its evaluation of the Czech Republic for long-term foreign currency
obligations two levels from A to AA-. At the same time the agency
raised its rating of the Czech state's long-term obligations in the
domestic currency, the crown, by one level from A+ to AA-.
Russian
bank intends to expand across CEE countries
by daniela.ghetu@mxp.ro, 2011-08-24
Russian lender SBERBANK recently said that it looking at potential
takeover targets in Central and Eastern Europe, including in Poland.
 ERSTE
Group: Economic Expectations for the CEE Region Stabilise
by daniela.ghetu@mxp.ro, 2011-08-26
The ZEW-Erste Group Bank Economic Sentiment Indicator for Central
and Eastern Europe including Turkey (CEE) has declined significantly
by 21.4 points in August 2011. The indicator which displays the expectations
of the surveyed financial market experts regarding the economic development
in the CEE region on a six-month time horizon now stands at minus
26.4 points. The indicator reflecting the assessment for the economic
development in the Eurozone has dropped by 16.7 points to a level
of minus 41.8 points. Whereas for the CEE region the majority of
experts (50 per cent) retain neutral economic expectations, for the
Eurozone 55 per cent are rather pessimistic. |
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| EDITORIAL |
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 The
end of the motor insurance reign?
The first CEE insurance market data for 1H2011 are already available.
As expected, they show in most cases an upward trend, shaken up by
the economic recovery in the region. Also, as expected, life insurance
continued to gain momentum, especially for the unit-linked lines.
Somewhat predictable, but still less common in CEE markets, the growth
stimulus part on non-life segment seems to be played no longer by
the motor lines. At least, not in the determining way that it was
not very long ago. Read
more
daniela.ghetu@mxp.ro
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| POINT
OF VIEW |
|
 Peter
HAGEN
Deputy General Manager
VIENNA Insurance Group
Major broker houses are now giving us more business in Austria because
we are their preferred partner in CEE, due to our most extensive
network there. Basically, it’s a nice kickback we have from being
the number one in CEE: this is also fostering our business in Austria. Read
more
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| EVENTS |
|
Motor insurers in Romania and Bulgaria,
face to face for the first time
September 27th, 2011
Hotel Sheraton , Sofia, Bulgaria
 September
the 27th - this is the date of the first edition of the National
Insurance Conference - Bulgaria 2011, event organized in Sofia, in
partnership by Media XPRIMM and Insmarket.bg, the Bulgarian insurance
market portal. The conference, which will address pressing issues
related to the cooperation between Romanian insurers and south of
the Danube, will bring together specialized companies from both countries,
claim adjusters, related service providers and leading reinsurers
interested in the topic. 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
IUMI Annual Conference
September 18th-21st, 2011
Meridien Montparnasse Hotel, Paris, France
Organizer: IUMI & FFSA
For details: www.iumi2011.com
3rd Annual Insurance Distribution Strategies Forum
September 21st-22nd, 2011
Barcelona, Spain
Organizer: Fleming Europe
Media Partner: PRIMM Magazine - Insurance & Pensions
For details: www.flemingeurope.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
8th ICAR - International CAtastrophic Risks Forum
October 10th, 2011
Radisson BLU Hotel, Bucharest
Organizer: Media XPRIMM
Media Partner: PRIMM Magazine
- Insurance & Pensions
For details: www.icarforum.ro
32nd Baden-Baden Meeting 2011
October 23rd-27th, 2011
Baden-Baden, Germany
For details: www.badendirectory.com
Baden-Baden XPRIMM Reception
October 23rd, 2011
Kurhaus Casino, Runder Saal
Baden-Baden, Germany
Organizer: PRIMM Magazine -
Insurance&Pensions
For details: www.xprimm.com
European Banking & Insurance
Fair 2011
November 15th
IFEMA - Feria de Madrid, Madrid, Spain
6th European Pension Funds Congress
November 15th, Frankfurt am Main
Organizers: EFRP and MALEKI
Group
Media Partner: PRIMM Publications
For details: www.malekigroup.com
EIOPA Conference
November 16th, Frankfurt am Main
Organizer: MALEKI Group
Media Partner: PRIMM Publications
For details: www.malekigroup.com
International Insurance Forum 2012
March 5th-6th, 2012
Istanbul, Turkey
Organizer: Media XPRIMM si
Istanbul Underwriting Center
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| INTERVIEW |
|
 Elena
PUI
Head of General Executive Direction of the National Commission
of Financial Market
Republic of Moldova is preparing to implement the voluntary private
pension system. In mid-April this year, the National Commission of
Financial Market in Moldova has launched the draft law to regulate
the necessary legal framework, currently submitted to public debate.
The new law is meant to improve the old, unfunctional existing law
on voluntary private pension and to provide a modern legal framework,
able to assure the system real launching. Read
more
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| STATISTICS |
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