 TOP
NEWS |
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 SWISS
Re: CEE market will see only a limited premium growth in 2012
by daniela.ghetu@mxp.ro, 2011-12-05
Emerging market economies have overall continued to grow robustly
in 2011, by an average of 5.8% (+7.7% in 2010). However, growth has
midly slowed in the second half of the year, due to hightened concernerns
about the debt crisis in Europe and the health of the US economy,
says Swiss Re in a recent report released by the company, "Global
Insurance review 2011 and outlook 2012/13".
 More
ROMANIA:
good dynamic on property and life insurance close to compensate the
drop in motor premium
by daniela.ghetu@mxp.ro, 2011-11-29
The 3Q2011 preliminary results of the Romanian insurance market show
a slowdown of the negative trend in underwriting, with a y-o-y GWP
nominal change of only -3%, much better as compared to the half year
figures which were showing a 14% fall in GWP. All in all, GWP stood
at EUR 1,444.48 million.
More  Продолжение
BULGARIA:
ALLIANZ Life and DZI, market leaders after the first 9 months
by vlad.boldijar@mxp.ro, 2011-12-06
The latest statistics published by FSC - Financial Supervision Commission
indicate for the first nine months of 2011, a 0.5% increase of the
Bulgarian insurance market, reaching EUR 589 million (BGN 1.15 billion).
More Продолжение
HUNGARY:
market watchdog confirms a 2.7% fall in GWP in 3Q2011
by daniela.ghetu@mxp.ro, 2011-12-06
The Hungarian insurance market 3Q2011 aggregated results recently
published by PSZAF (Hungarian Financial Supervision Authority) broadly
confirm the figures released by MABISZ, the insurers association.
Thus, GWP amounted HUF 618.6 billion (EUR 2.12 billion), down 2.7%
in nominal terms, as compared with the same period of 2010.
More Продолжение
 20%
increase of GWP for Russian insurers in 3Q2011
by olesea.serghiescu@mxp.ro, 2011-12-09
The gross written premiums on the Russian insurance market increased
by 20,2% in the first nine months of 2011, compared to the same period
of the previous year, reaching EUR 30 billion. At the same time the
companies paid claims totaling EUR 20 billion, 15.5% more than in
the same period of 2010, according to the data published by the Russian
Supervisory Authority.
More Продолжение
SERBIA:
The insurance market grew by 3% at the end of September
by vlad.boldijar@mxp.ro, 2011-12-01
According to the financial indicators published by the National Bank,
the total gross written premiums of the 23 insurance companies operating
in Serbia rose by an annual pace of 3.0%, to RSD 44.48 billion (EUR
440 million) in the third quarter of 2011.
More Продолжение
Over
9% increase for Moldavian insurance market in 3Q2011
by vlad.boldijar@mxp.ro, 2011-12-01
Moldavian insurers wrote MDL 745.76 million (EUR 45.21 million) in
premiums in the first ninth months of 2011, a 9% increase compared
to the same period of last year. At the same time, claims reached
MDL 251.70 million (EUR 15.26 million), 13% more than 2010, according
to statistics from the National Commission of Financial Market.
More Продолжение
LITHUANIA:
Insurance market grows to EUR 365 million in 3Q2011
by vlad.boldijar@mxp.ro, 2011-11-29
According to the Insurance Supervisory Commission of the Republic
of Lithuania, in the first nine months of this year, the local insurance
market, grew by 11.2% to LTL 1.26 billion (EUR 365 million).
More Продолжение
ESTONIA:
The market continued to decline in 3Q2011
by vlad.boldijar@mxp.ro, 2011-12-06
In January-September 2011, the gross written premiums of insurance
companies in Estonia decreased by 5.2%, reaching EUR 302 million,
compared with total underwritings in the correspondent period of
2010. Claims paid by insurers amounted to EUR 193 million according
to official data published by the Financial Supervision Authority
of Estonia.
More Продолжение
 Zavarovalnica
TRIGLAV: Net profit increased by 10% in 3Q2011
by vlad.boldijar@mxp.ro, 2011-12-06
The net profit of Zavarovalnica TRIGLAV for the first nine months
of this year was EUR 35.0 million, representing an increase of 9.6%
compared to the same period of 2010, while the profit before tax
amounted to EUR 51.0 million. In non-life insurance, net profit increased
by 19% to EUR 31.5 million, whereas in life insurance the company
recorded EUR 3.6 million in profit, or 36% less than in 2010.
More Продолжение
 POLAND:
VIG acquires POLISA Life
by vlad.boldijar@mxp.ro, 2011-11-29
The VIENNA INSURANCE Group signed a contract in Warsaw for the acquisition
of at least 75% plus one share in the life insurance company POLISA
Zycie. The acquisition is subject to the necessary regulatory approvals,
announced today the insurance group.
More Продолжение
 SWISS
Re: CEO Stefan LIPPE to retire in 2012
by vlad.boldijar@mxp.ro, 2011-12-11
SWISS Re's Board of Directors announced that Stefan LIPPE has decided
to step down as Chief Executive Officer of Swiss Re in the course
of 2012. "A
successor is planned to be appointed soon", the reinsurance group said in the press release.
More Продолжение
INTERAMERICAN
Bulgaria enters the Estonian insurance market
by olesea.serghiescu@mxp.ro, 2011-12-05
The Bulgarian Financial Supervision Commission has approved INTERAMERICAN
Bulgaria's application to provide insurance on the territory of Estonia,
the authority reports.
More Продолжение
SOGAZ
Russia entered Serbian market in partnership with SRBIJAGAS
by olesea.serghiescu@mxp.ro, 2011-12-05
Russian company SOGAZ plans to open by the end of this year an insurance
company, SOGAZ-Serbia, with a share-capital of EUR 6 million, according
to Alexey SMERTIN, group's marketing director of insurance.
More Продолжение
SERBIA:
Drivers will be able to travel without a Green Card in EU
by vlad.boldijar@mxp.ro, 2011-12-12
Starting from January 01, 2012, the drivers from Serbia will be able
to travel by car to 32 countries throughout Europe without a Green
Card policy, according to a recent decision of the European Commission.
More Продолжение
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| FINANCIAL
NEWS |
|
 S&P's:
15 European Insurers Placed On CreditWatch Negative Following
Recent Sovereign Rating Actions
by daniela.ghetu@mxp.ro, 2011-12-12
LONDON (Standard & Poor's) Dec. 9,
2011--Standard & Poor's Ratings Services today placed its ratings on the following insurers (and
certain related operating subsidiaries and certain holding companies)
on CreditWatch with negative implications: ALLIANZ Group (including
the Euler Hermes group), AVIVA Group, AXA Group, CAISSE CENTRALE
de REASSURANCE (CCR), CNP Group, GENERALI Group, Irish Public Bodies
Mutual Insurances Ltd. (IPB), MAPFRE Group, MILLENNIUM bcp - Ageas
Group, NACIONAL de Reaseguros S.A. (Nacional), Pozavarovalnica SAVA
d.d. (SAVA), RSA Insurance Ireland Ltd (RSA Ireland), Societa Cattolica
di Assicurazione (CATTOLICA), TRIGLAV Group, UNIPOL Group.
 HUNGARY:
Growth expectation lowered at 0.5%, while HUF exchange rated must
be raised
by daniela.ghetu@mxp.ro, 2011-12-12
Hungary's economic growth forecast will have to be lowered to maximum
0.5%, while projected forint exchange rates must be raised; fiscal
planning will be based on the new figures after an upcoming budget
overhaul which will mainly target the key areas of the public sector,
from education to the judiciary to the pension system, said Hungary's
PM Viktor ORBAN in an interview aired by the public television on
Sunday evening and whose main ideas were reproduced by Portfolio.hu. |
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| EDITORIAL |
|
 Happy
New Year!
We have finally arrived at the end of a troubling year. XPRIMM News
has also arrived at its last issue for 2011.
A look at the past 12 months leaves us with a mixed impressions canvas:
the highest catastrophe-related economic losses in history; a highly
volatile financial environment - with ups and down succeeding in
a sometimes stunning rhythm -; expanding austerity policies drastically
cutting both the appetite and purchasing power of customers; legal
challenges in preparation with the approaching term for the Solvency
II enforcement; a new crisis wave on the horizon... Read
more
daniela.ghetu@mxp.ro
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| INTERVIEW |
|
 Mesut
YETISKUL
General Manager
CREDIT EUROPE Asigurari
ROMANIA
Our principle is to prepare for the worst and hope for the best.
We hope the market will get in better shape, this will help everybody,
however, within the current European turmoil, we do not believe any
predictions benefit from a high degree of confidence. This is also
the reason why we are reluctant to take any stance other than our
hope for an improved business environment. Read
more
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| LAST
STATISTIC UPDATES |
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| EVENTS |
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International Insurance Forum 2012
 The
International Insurance Forum is a top level environment for re/insurance
professionals and a platform for the exchange of business insights
on essential issues of the re/insurance industry. The summit is completely
organized for and by professionals, ensuring the highest quality
program in all aspects.
IIF 2012 will focus on a major topic - profitability in motor insurance
-, taking into consideration both the future trends and the most
relevant past experiences. Keeping in mind the need to identify further
growth opportunities for the industry, the Forum will put forward
some of the most promising insurance markets, in terms of potential
and business opportunities. Read
more
5th Annual Bancassurance Forum
February 15-16, 2012
Barcelona, Spain
Organizer: Fleming Europe
Media Partner: PRIMM Insurance & Pensions
Magazine
15%
discount for PRIMM Readers
For details: www.finance.flemingeurope.com
Kuwait Insurance Forum 2012
March 7-8, 2012
Radisson Blu Hotel, Kuwait City
Organizer: ProMedia International
Media Partner: xprimm.com
For details: www.promediakw.com
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| PAST
EVENTS |
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Moscow hosted the 10th anniversary edition
of November Business Meetings of Reinsurers
 The
10th Anniversary November Business Meetings of Reinsurers, organized
by All-Russian Insurance Association (ARIA) together with DELOVOY
Format Group, was held in Moscow on November 29-30. The plenary meeting
scheduled for the first half of November 29 was followed by a massive
program of business negotiations and presentation of new reinsurance
products to a wide audience of Russian and foreign reinsurers. Read more
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| POINT
OF VIEW |
|
 Vladan
MANIC
Secretary General
Association of Serbian Insurers
oining the CEA is considered one of the major brake-throughs the
Association of Serbian Insurers has made lately. It is rightfully
attributed to the Association new management's strategic platform
which is well supported by the entire local industry. We now have
access to the variety of CEA resources, which is making us much closer
to achieving of some of our basic goals - promotion of Serbian insurance
market in an international environment and training and education
of the local staff in accordance with the highest standards available. Read
more
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| STATISTICS |
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