 TOP
NEWS |
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 Despite
the crisis, huge rise in profit for TRIGLAV Group
by vlad.boldijar@mxp.ro, 2011-09-29
Despite the financial crisis, the TRIGLAV Group ended 1H/2011 in
the black. Also, according to the unaudited interim report, profit
before tax was EUR 49 million, up by 101% compared to first half
of 2010, while net profit totaled EUR 34.1 million, which was 90%
more than in the previous year.
 More  Продолжение
 The
Parliament voted the new componence of the ISC Council. Constantin
BUZOIANU is the new President
by alex.rosca@mxp.ro, 2011-09-28
The reunited Finance Budget Commissions' proposals were confirmed
on September 27th, by the Plenum of Parliament. Thus, with a total
of 230 votes, Constantin BUZOIANU, favorably approved for this position
on September 27th, during the meeting of the reunited Finance Bugdet
Commissions, was appointed ISC President for the next five years.
More Продолжение
 The
largest CEE insurance market increased by EUR 1 billion in the first
six months
by vlad.boldijar@mxp.ro, 2011-09-27
Polish insurance market totaled, in the first six months of the year,
a total volume of underwritings of EUR 7.4 billion, up by 16% compared
to 1H/2010. On the other hand, the claims value increased by about
3 percentage points, to EUR 4.8 billion, according to XPRIMM INSURANCE
REPORT 1H/2011.
More Продолжение
 VIG
enters Bosnia and Herzegovina through the acquisition of JAHORINA
Osiguranje
by vlad.boldijar@mxp.ro, 2011-09-23
The VIENNA Insurance Group has signed a contract to acquire a majority
stake in the insurer JAHORINA Osiguranje in the Republic of Bosnia-Herzegovina;
thus, the Austrian insurance group will be represented in 25 markets
in the region.
More
 ERGO
sell Portuguese subsidiaries
by vlad.boldijar@mxp.ro, 2011-09-23
The ERGO Insurance Group has sold its Portuguese subsidiaries (VICTORIA
Seguros and VICTORIA Seguros de Vida) to SMABTP Group. Representatives
of both companies have signed a sale agreement last week.
More Продолжение
 4%
- the share of claims solved through the amicable report in Russia
by oleg.doronceanu@mxp.ro, 2011-09-22
The share of claims approved by the amicable report in Russia represents
4% of the total paid claims, according to statistics presented by
Pavel BUNIN, President of Motor Insurers Bureau in Russia, at the
International Financial Forum in Yalta.
More Продолжение
 The
amicable report was introduced in Ukraine
by oleg.doronceanu@mxp.ro, 2011-09-21
The amicable report of damages due to road accidents can be used
in Ukraine starting September the 19th, current year. "This
corresponds with European standards in the field and provides that
road accidents which resulted only in material damage and in which
only two vehicles were involved will be solved without the Police
finding documents, by using the amicable report", stated for XPRIMM News Vladimir ROMANISHIN, the Director of Motor Insurers
Bureau in Ukraine, during the International Financial Forum in Yalta.
More Продолжение
 50%
of Russian insurers may leave the market in 2012
by oleg.doronceanu@mxp.ro, 2011-09-21
Over 50% of Russian insurers did not increase their share capital
by September 1st of this year, said Andrei KIGIM, President of Insurers
Association of Russia, during the International Forum in Yalta. According
to him, out of 600 companies, a total of 368 did not raise their
capital, and since 2012 come into force new rules on minimum share
capital requirements.
More Продолжение
 42%
increase for Uzbek insurers in the first half
by oleg.doronceanu@mxp.ro, 2011-09-21
Uzbek insurers recorded an increase of 42.1% in the first half of
this year compared to the same period in 2010, totaling EUR 50.8
million in gross written premiums, said Olimzhon IKRAMOV, Director
of the Insurance Supervisory Authority of Uzbekistan.
More Продолжение
 15%
increase for Ukrainian insurers in the first half
by oleg.doronceanu@mxp.ro, 2011-09-20
In 1H/2011, insurance companies in Ukraine have increased their underwritings
by 14.6% compared with 1H/2010, totaling UAH 11 billion (EUR 1 billion),
said on the 20th of September Alexandr FILONIUK, President of the
LIOU Council, in the opening of the works of the 11th Edition of
the International Financial Forum in Yalta, held during September
19th-23rd.
More Продолжение
 50%
increase for the Belarusian insurance market in first half
by oleg.doronceanu@mxp.ro, 2011-09-20
Insurance companies from Belarus registered a 44.7% increase in underwritings
in the first quarter, reporting gross premiums worth RUB 887.2 billion,
said, for XPRIMM News, Irina MERZLYAKOVA, President of Belarus Insurers
Association, during the International Financial Forum in Yalta.
More Продолжение
 EUR
12.1 million - the underwritings of Ukrainian insurers on agricultural
insurance, in 2011
by oleg.doronceanu@mxp.ro, 2011-09-23
Agricultural insurance market in Ukraine has seen a positive growth
in 2011, 1,978 insurance contracts being concluded in the spring-summer
season, according to the analysis presented in the seminar dedicated
to this field at the International Financial Forum in Yalta.
More Продолжение
 EUR
1.7 billion paid in Europe for Green Card claims
by mihai.cracea@mxp.ro, 2011-09-28
With a population of approximately 715 million people, in Europe
travel 350 million cars, according to Mariusz WICHTOWSKI, President
of the Council of Green Card Bureaux. Under these circumstances,
only last year drivers who traveled by car outside the borders of
their country of residence have generated over 380,000 claims on
Green Card, up from 2009, when their number had not exceeded 350,000.
More Продолжение
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| SOFIA
NEWS |
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 Motor
insurers from South-Eastern Europe, face to face in Sofia
by andreea.ionete@mxp.ro, 2011-09-27
Today, on September 27th, Bulgaria's capital hosts the first edition
of the Motor Insurance Conference - Bulgaria 2011, titled "Cross-border
Cooperation", organized by Media XPRIMM and INSMARKET.BG. The main subject of the event is
even more important under the circumstances of the increasing number
of accidents caused on Romanian territory by vehicles registered
in Bulgaria and of the existent unclarities regarding the way of
compensation.
More Продолжение
 Cars
registered in Bulgaria caused 1,800 accidents in 6 months
by mihaela.circu@mxp.ro, 2011-09-28
In the first six months of 2011, the number of claims files approved
as a result of road accidents caused on the Romanian territory by
vehicles registered in Bulgaria has increased by 31% compared to
the same period last year, reaching 1,798 files, said Mona CUCU,
Director of Mandatory Insurance Department of the ISC. Meanwhile,
in 2010, over 10,000 claims on Green Card have been accounted for,
of which 3,155 were produced by cars from Bulgaria.
More Продолжение
 Konstantin
VELEV: Figures presented by ISC reveal very clearly the severity
of the problem
by mihai.cracea@mxp.ro, 2011-09-27
Vehicle registrations in Bulgaria are made either by Romanian citizens
or by Bulgarian citizens or specialized entities that act as intermediaries.
This violates some Bulgarian laws and it also means taking advantage
of some "loopholes" in
the local laws, according to Bulgarian officials.
More Продолжение
 Bulgarian
authorities are preparing changes of the vehicle registration regime
by mihai.cracea@mxp.ro, 2011-09-27
Due to problems generated by cars registered by Romanian citizens
in Bulgaria and that are driven on Romanian territory, the authorities
in Sofia are preparing a set of changes of the vehicle registration
legal framework. These include the introduction of a period of 45
days for the transfer of ownership of the vehicle, to eliminate the
possibility of driving it in Romania based on the mandate that is
currently used.
More Продолжение
 A
new editorial premiere: INSURANCE Profile - Bulgaria 1H/2011
by vlad.boldijar@mxp.ro, 2011-09-27
INSURANCE Profile - Bulgaria 1H/2011 meets its first readers today,
in Sofia. The new Report published by Media XPRIMM group offers a
comprehensive image of the Bulgarian insurance market and its evolution
in the past years, as well as the most recent data, as at June 31st
2011. Market portfolios, analysis, charts, rankings and classifications
for each insurance class, as well as other indicators are available
both in print version and online, at www.xprimm.com.
More Продолжение
 Alexandra
STORR, SWISS Re: Compensations for body injuries will increase
by mihai.cracea@mxp.ro, 2011-09-28
"There are expected larger and larger increases of compensations for body injuries
or death. Also, their share in total claims on motor classes will increase", explained Alexandra STORR, Vice President, SWISS Re Europe S.A.
More Продолжение
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| EDITORIAL |
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 Check
your agenda!
Less than 1 month to the forthcoming issue of the XPRIMM Insurance
Report official release!
Those of you attending the 2011 Baden-Baden Meeting will have the
chance to be the first getting in contact with CEE and CIS insurance
markets results for the first half of 2011. To capitalize on this
opportunity, you just need to answer the invitation to attend the
reception organized by the Media XPRIMM and its partners on October
23rd, at Kurhaus Casino, Runder Saal, in Baden-Baden. Read
more
daniela.ghetu@mxp.ro
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| EVENTS |
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8th ICAR - International CAtastrophic Ricks
Forum
Household insurance - The first checkpoint
October 10th, 2011
Radisson BLU Hotel
Bucharest, Romania
 The
first checkpoint of the Romanian Nat Cat insurance program – implemented
in the summer of 2010 -, including the extent to which it has boosted
the voluntary household insurance market, is coming: ICAR 2011 -
International CAtastrophic Ricks Forum. The event marks the first
year’s review of mandatory household insurance and will take place
on October 10th, 2011, at Hotel Radisson BLU in Bucharest. Read more
Click
here for details about ICAR 2011!
Click
here to register!
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
WorldPensionSummit 2011
November 2nd-4th, 2011
Amsterdam, Olanda
Partener Media: PRIMM Asigurari & Pensii
For details: worldpensionsummit.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 |
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 Branko
VUJOVIC
President of the Council
Insurance Supervision Agency of Montenegro
Aimed at improving regulatory framework of the Montenegrin insurance
market, during first six months of 2011 the Insurance Supervision
Agency adopted two new enabling regulations: The Rulebook on Detailed
Criteria and the Manner of Calculation of Technical Reserves for
Outstanding Claims and the Guidelines for Money Laundering and Terrorism
Financing Risk Analysis in Insurance Companies. Read
more
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| STATISTICS |
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Cristian
FUGACIU
Karina
MELIKYAN, Head of Financial Analysis and Rating Agency
