 TOP
NEWS |
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 POLAND:
insurance market maintains a strong, positive dynamic
by vlad.boldijar@mxp.ro, 2012-01-18
The Polish Financial Supervision Authority (KNF) reported for the
first nine months of last year excellent results for the local insurance
market. Insurers collected more than PLN 43.5 billion (EUR 9.9 billion)
of premium during the analyzed period. This result was, in local
currency, 8.3% better than the year before.
 More  Продолжение
SLOVENIA:
MTPL puts the brake on market recovery
by daniela.ghetu@mxp.ro, 2012-01-17
Slovenian insurance market showed a stable evolution in the first
nine months of 2011, with an overall premium growth rate of 1.15%,
up to EUR 1.62 billion GWP. Still, it is worth mentioning that paid
claims registered a significantly higher growing pace, of almost
6%, due to life insurance paid indemnities. According to the Slovenian
Insurance Association estimates, by the end of 2011, the Slovenian
market will reach EUR 2.16 billion in GWP, 2.8% higher than in 2010.
More
 ROMANIA:
damages caused by violent incidents in Bucharest, most probably not
covered by insurance policies
by daniela.ghetu@mxp.ro, 2012-01-18
According to the first estimates, damages produced by the violent
episodes of the Romanian street protest on Sunday (January 15) could
amount EUR 300.000 - 450.000, taking into consideration both the
value of the police equipments destroyed and the public and private
properties affected. Unfortunately, most of the losses are not insured
as damages produced by civil disorders are usually not covered by
the voluntary insurance policies.
More Продолжение
CZECH
Rep.: Unit-linked products continue to develop favorably
by vlad.boldijar@mxp.ro, 2012-01-18
Czech Republic's insurance companies posted combined gross written
premiums of EUR 4.77 billion (CZK 118 billion) in 3Q2011, up 2.3%
(in European currency) from a year earlier, according to the financial
indicators published by the Czech National Bank (CNB). These results
confirm the data collected by the insurers' association (CAP), released
in November, 2011.
More Продолжение
TURKEY:
3Q2011 results affected by the devaluation of TRY
by vlad.boldijar@mxp.ro, 2012-01-18
According to results published by the Association of Turkish Insurance
and Reinsurance Companies, in 3Q2011, total premiums in the Turkish
insurance market rose in local currency by 22.7% year-on-year to
TRY 12.6 billion. In European currency, due the devaluation of Turkish
lira in relation to EUR, the insurance market did not show growth
in terms of written premiums: EUR 5.1 billion, representing a decrease
of 3.4%.
More Продолжение
MACEDONIA:
3Q results reconfirm market potential
by vlad.boldijar@mxp.ro, 2012-01-18
At the end of the first nine months of 2011, Macedonian insurance
companies reported a growth of 9.8 percent y-o-y (in local currency).
In the analyzed period, premiums reached MKD 5.17 billion or EUR
84 million, informed the Macedonian Insurance Supervision Agency.
More Продолжение
 Mariusz
WICHTOWSKI, President of CoB, Keynote Speaker at IIF 2012
by daniela.ghetu@mxp.ro, 2012-01-12
Mariusz WICHTOWSKI, President of the Council of Green Card Bureaux,
will address the International Insurance Forum 2012. In his speech, "Actual
development, problems and their potential solutions in the transborder
claims handling", he will present the most important issues on the CoB's agenda for the near
future.
More Продолжение
GEORGIA:
VIG confirmed in 3Q2011 the market leader position recently gained
by vlad.boldijar@mxp.ro, 2012-01-17
In January-September, 2011, Georgian insurers generated a premium
volume of EUR 116 million, 6% less compared to 3Q2010. Despite this
decrease, life insurance premiums recorded a double value to EUR
5 million, but this type of insurance is still significantly under-represented,
with a share of less than 5% in the total premium volume.
More Продолжение
LATVIA:
MTPL determined the market trend in 3Q2011
by vlad.boldijar@mxp.ro, 2012-01-17
In 3Q2011, insurance companies in Latvia wrote premiums totaling
EUR 251.6 million (LVL 176.8 million), according to The Financial
and Capital Market Commission (FKTK). If comparing with the first
nine months of 2010, the value is almost 28% bigger than in the same
period of 2010.
More Продолжение
KOSOVO:
Market ends 3Q2011 with an increase of 7%
by vlad.boldijar@mxp.ro, 2012-01-17
First nine months of 2011 represented, for insurance companies operating
in Kosovo, a volume of gross written premiums of EUR 58.7 million,
recording, compared to 2010, an increasing evolution of 7%. This
value was generated by the over 465 thousand policies sold in the
analyzed period.
More Продолжение
 International
Conference "Insurance in Central Asia" at its 6th edition
by olesea.serghiescu@mxp.ro, 2012-01-10
The 6th International Conference "Insurance
in Central Asia", which has become a tradition for leaders in insurance and reinsurance in Central
Asia, CIS countries and Central and Eastern Europe, will be held
on March 15-16 in Alma-Ata, Kazakhstan. PRIMM Insurance & Pensions Magazine supports the event as Media Partner.
More Продолжение
 TRIGLAV
Group plans to generate EUR 60.6 million net profit in 2012
by vlad.boldijar@mxp.ro, 2012-01-11
"In 2012, the TRIGLAV Group will generate EUR 60.6 million in net profit and
earn a total of 984 million in gross written premium", announced the company in early January. At the same time, combined ratio target
is set at 95.3%.
More Продолжение
 GOTHAER
plans a takeover on the Romanian market. Their target is PLATINUM
Asigurari, German sources said
by andreea.ionete@mxp.ro, 2012-01-10
The German insurance company GOTHAER is interested in taking over
the Romanian insurance company PLATINUM, owned by Constantin TOMA,
former president of OMNIASIG, according to sources cited by Financial
Times Deutschland. Contacted by XPRIMM, the officials of GOTHAER
confirmed that, at the moment, they are carefully analyzing the local
insurance market and they have already started negotiations, but
they did not mention the company in question.
More Продолжение
 ROMANIA:
Francois COSTE appointed CEO of GROUPAMA Asigurari
by andreea.ionete@mxp.ro, 2012-01-16
Groupama has appointed Francois COSTE as General Director of its
Romanian subsidiary, GROUPAMA Romania. He will take on this new responsibility
as soon as his appointment will be validated by the Romanian Insurance
Supervision Commission. Sanda NICOARA, the current CEO, will return
to her previous position, as deputy general director and COO (chief
operations officer) of the insurer.
More Продолжение
 VIENNA
Insurance could make new acquisitions in Hungary and Moldova
by oleg.doronceanu@mxp.ro, 2012-01-16
Austrian insurer VIENNA Insurance could make new acquisitions in
Hungary and Moldova this year if interesting targets were available,
according to company's officials cited by REUTERS. Also, VIG's representatives
told reporters that they are eyeing potential growth opportunities
in Poland and Ukraine as well.
More Продолжение
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| FINANCIAL
NEWS |
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FITCH:
EC Ruling shows fiscal measures being put into practice
by daniela.ghetu@mxp.ro, 2012-01-19
Fitch Ratings says that the European Commission's efforts to enforce
fiscal discipline on five EU member states show that the measures
adopted to tackle the eurozone debt crisis last year are being put
into practice, although this does not alter the European authorities'
gradualist approach to resolving the eurozone sovereign debt crisis.
S&P:
Affirmed ratings for 7 European insurers, but the bias of agency's
insurance ratings in Europe remains negative
by daniela.ghetu@mxp.ro, 2012-01-19
Standard & Poor's Ratings Services affirmed
on January 17th the ratings on the following insurers and removed
them from CreditWatch, while the outlooks remained negative: ALLIANZ
PLC, AVIVA Insurance (Europe) SE, AXA Insurance Ltd., Irish Public
Bodies Mutual Insurances Ltd. (IPB), RSA Insurance Ireland Ltd. (RSA
Ireland), Pozavarovalnica SAVA d.d. and TRIGLAV Group. |
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| EDITORIAL |
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 Share
your thoughts
The winter holiday is already left far behind and 2012 is already
carried "full
speed ahead". Still, being at the first year's edition of XPRIMM News, let us wish you a
fruitful and prosperous year!
There is no doubt 2012 will be a challenging year for insurers, as
for almost every kind of business. A glimpse on the CEE and CIS regions'
news in last month reveals the companies' efforts to anticipate and
rapidly adapt to the future challenges. Read
more
daniela.ghetu@mxp.ro
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| INTERVIEW |
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 Mindaugas
JUSIUS
Chairman of the Management Board
SWEDBANK Life Insurance SE
Regulation on unit-linked life insurance products is becoming tougher
in the Baltics. We can expect tax benefits to be reduced as governments
face budget challenges and the overall trends are not supportive.
So life insurance companies must develop unique value for the customer
that would difference insurance offering from other long term saving
solutions. Read
more
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| LAST
STATISTIC UPDATES |
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| EVENTS |
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What do car owners want from their insurer:
cheap policies, extended coverage, additional services, big compensations
for bodily injuries, fast payment of claims? And what can they
really get?
Where is the right balance between satisfying as much of the clients'
needs and a sound underwriting in motor insurance? For how much
accounts in this equation dealing with trans-border claims, considering
not only the possible regulatory differences but also the cultural
ones?
Media XPRIMM and Istanbul Underwriting Center invite you to find
the right answers and share your views with a group of reputed
professionals on the occasion of the 2012 edition of
Motor insurance
in emerging markets - is the price war over?
A group of relevant speakers will contribute to
the Forums' debates:
- Mariusz WICHTOWSKI, President, Council of
Bureaux
- Matjaz RAKOVEC, President of the Management
Board, Zavarovalnica TRIGLAV
- Murat DISCI, CEO, Istanbul Underwriting
Centre
- Ionel DIMA, Vicepresident, AVUS International
- Vladan MANIC. Secretary General, Association
of Serbian Insurers
- Andranik OHANJANYAN, Director, Insurance
Market Association of Armenia
- Julia CILLIKOVA (tbc), Director of the Regulation
and Financial Analyses Department, National Bank of Slovakia
- Liviu STOICESCU, President, Romanian Motor
insurers' Bureau
- Svetlana NIKITINA, Vice-President, Russian
Association of Motor Insurers
- Hilmi Karamercan, Managing Director, Turkish
Motor Insurance Bureau
See you in Istanbul!
More Продолжение
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
International Conference Insurance in Central
Asia
March 15-16, 2012
Alma-Ata, Kazakhstan
Organizer: InterConsult
Media Partner: PRIMM Insurance & Pensions
Magazine
For details: www.wfin.kz
XVI All-Russian Reinsurance Conference
March 22-23, 2012
Moscow, Russia
Organizer: Reinsurance Committee
of the All-Russian Insurance Association and Delovoy Format Group.
Media Partner: PRIMM Magazine
- Insurance & Pensions
For details: www.re-conference.ru
Tashkent International Investment Financial Forum
April 4-8, 2012
Tashkent, Uzbekistan
Organizer: SAIPRO
Media Partner: PRIMM Insurance & Pensions
Magazine
For details: www.saipro.uz
FIAR 2012 - International Insurance-Reinsurance
Forum
May 20-24, 2012
Sinaia, Romania
Organizer: Media XPRIMM
For details: www.fiar.ro
Kuwait Insurance Forum 2012
May 29-30, 2012
Radisson Blu Hotel, Kuwait City
Organizer: ProMedia International
Media Partner: xprimm.com
For details: www.promediakw.com
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| POINT
OF VIEW |
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 Vyaceslav
CERNICA
Director
ERVAX Group Broker
Moldova
Life insurance segment in Moldova posted an evolution of 25% in the
first 9 months of 2011, being one of the most promising sector on
the local market. Although the segment represents only 5.8% from
the total volume of underwritings, the perspectives are looking quite
good. About the current stage of development on the life insurance
market and future perspectives on this segment we had a dialogue
with a well-known expert in the local market. Read
more
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| STATISTICS |
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