 XPRIMM
POLL |
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 How
do you anticipate the CEE insurance market evolution in 2012?
- All markets will register a positive trend
- Mixed results across the region, but average positive trend
- Steady evolution
- Mixed results across the region, with an average negative trend
- Prevalent negative evolution
Cast
your vote.
Add
a comment.
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| TOP
NEWS |
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 ROMANIA:
The insurance market will record a minor growth in 2012
by andreea.ionete@mxp.ro, 2012-02-02
Monday the 30th of January took place the 5th edition of the XPRIMM
Annual Forecast Meeting, event that brought the Romanian insurance
and private pension leaders together to draw the market's 2012 development
and evolution lines and trends.
 More
 CEE
3Q2011: Currency depreciation pushed the regional growth rate "in red"
by daniela.ghetu@mxp.ro, 2012-01-25
We are finally looking to the "big
CEE picture" for 3Q2011. Denominated in European currency, the total figures show a decrease
of 0.7% in written premiums, to EUR 24.72 billion. Beside the obvious
market shrinking registered in Croatia, Hungary and Romania, most
of the negative regional trend came from the significant depreciation
of the national currencies in countries as Poland and Hungary, which
affected the results' conversion in Euro. A rough estimate shows
that the weighted nominal growth of the CEE insurance market - calculated
in local currencies - stood at about 4.28%.
More  Продолжение
 AVIVA
announces sale of Czech Republic, Hungary and Romania businesses
by oleg.doronceanu@mxp.ro, 2012-01-31
MetLife has acquired from AVIVA its life insurance businesses in
the Czech Republic (AVIVA Czech Life) and Hungary (AVIVA Hungary
Life), and its life insurance and pension businesses in Romania (AVIVA
Romania Life and Pensions). "This
transaction is consistent with AVIVA's strategy to focus on markets
where it has strength and scale", the company announced in a press release.
More Продолжение
 VIG:
2011 written premiums up 3.4%
by vlad.boldijar@mxp.ro, 2012-01-24
According to the preliminary results, in the financial year 2011
VIENNA INSURANCE Group earned premiums written of EUR 9 billion,
representing an increase of 3.4% compared to 2010. In the non-life
insurance segment VIG increased premiums written by 4.9% to EUR 5.1
billion. Despite the difficult economic environment, in the life
insurance business the Austrian Group reported a total of EUR 3.9
billion, achieving a growth of 1.4%.
More Продолжение
 POLAND:
KBC sold WARTA for EUR 770 million to TALANX
by vlad.boldijar@mxp.ro, 2012-01-20
KBC Group has reached an agreement with TALANX International AG for
the sale of 100% of the shares of KBC's Polish insurance subsidiary
TUiR WARTA S.A. for a total consideration of EUR 770 million, announced
both insurance groups. According to the press release, the transaction
is subject to the usual regulatory approvals and is expected to be
completed in the second half of 2012.
More Продолжение
 SWISS
Re: BoD appoints Michel LIES as new Group CEO
by mihai.cracea@mxp.ro, 2012-01-30
SWISS Re's Board of Directors appoints Michel LIES, currently Chairman
Global Partnerships at SWISS Re, as new Group Chief Executive Officer
as of 1 February 2012. Michel LIES succeeds Stefan LIPPE.
More Продолжение
SLOVAKIA,
3Q2011: Market grows by 2.8% y-o-y
by vlad.boldijar@mxp.ro, 2012-01-25
Slovak insurance market grew by 2.8% y-o-y in 3Q2011 in terms of
gross written premiums, the Slovak Insurance Association (SLASPO)
reported. During the analyzed period, 24 SLASPO members operated
in the profile market. These companies showed a total insurance premium
of EUR 1.6 billion.
More Продолжение
 ACE
opens new office in UKRAINE
by vlad.boldijar@mxp.ro, 2012-01-20
ACE announced on Thursday, 19th that it has opened a representative
office in Kiev, as the latest step in its expansion across Europe.
According to the press-release "this
will enable ACE to build its profile and relationships with the Ukraine
insurance market locally for the first time".
More Продолжение
 John
CAVANAGH appointed WILLIS Re CEO
by ana.preda@mxp.ro, 2012-01-29
WILLIS Group Holdings, the global insurance broker, announced the
appointment of John CAVANAGH as CEO Willis Re, the reinsurance broking
arm of WILLIS Group. CAVANAGH succeeds Steve HEARN, who was appointed
Chairman and CEO WILLIS Global last December.
More Продолжение
 TURKEY,
YAPI KREDI: Rumor of sale were not true
by vlad.boldijar@mxp.ro, 2012-01-20
YAPI KREDI officials said yesterday, quoted by REUTERS, "that
media reports regarding ZURICH Insurance's interest in the acquisition
of the bank's insurance unit were not true". The bank said in a statement it had not taken a decision on the sale and thus
no sale process was under way for YAPI KREDI Sigorta.
More Продолжение
 XVI
All-Russian Reinsurance Conference: Year 2012. Reset. Ways of Development
by olesea.serghiescu@mxp.ro, 2012-01-27
2010 and 2011 were years of great changes for the Russian insurance
and reinsurance markets. Thus, 2012 will become the 'reference point'
to many of market members. This is the context for the XVI All-Russian
Reinsurance Conference, which is going to be held on March 22-23,
2012 at President-Hotel in Moscow, having as main theme "Year
2012. Reset. Ways of Development". The event is organized by Reinsurance Committee of the All-Russian Insurance
Association, together with DELOVOY Format Group and is supported
by PRIMM Magazine - Insurance & Pensions as Media Partner.
More Продолжение
 EUR
17.7 mil. GWP for Eastern Insurance and Reinsurance Company subscribed
in 2011
by olesea.serghiescu@mxp.ro, 2012-02-02
The gross written premiums (GWP) of Eastern Insurance and Reinsurance
Company (EIRC) reached EUR 17.7 million in 2011. Moreover, the reinsurance
business generated 53% of the total income, while 47% came from direct
insurance.
More Продолжение
 Azerbaijan:
The number of insured person increased by 40% in 2011
by olesea.serghiescu@mxp.ro, 2012-02-02
The number of insured persons in Azerbaijan has increased by 30 -
40 % compared to 2010, according to Namik KHALILOV, Head of Insurance
Supervision Service of the Ministry of Finance.
More Продолжение
 BULGARIA,
UNIQA: Impressive growth in the first ten months of 2011
by vlad.boldijar@mxp.ro, 2012-01-24
In the first ten months of 2011, UNIQA achieved excellent growth
of 20.7% in Bulgaria, while, in the same period, the entire insurance
market increased by 0.6%. Together, UNIQA Insurance and UNIQA Life
Insurance improved the premium volume by around EUR 7.4 million (around
BGN 14.5 million) to more than EUR 43 million (over BGN 84 million)
compared to the same period of 2010 and thus secured 7th place.
More Продолжение
 The
8th Edition of the International Risk Management Conference to take
place in Alma-Ata, Kazakhstan
by olesea.serghiescu@mxp.ro, 2012-02-02
Alma-Ata, in the heart of Eurasia, will be the host for the eighth
International Risk Management Conference, which will take place on
19-20 April 2012.
More Продолжение
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| EDITORIAL |
|
 Frostiness
or not, engines are hot!
Europe is freezing. The extreme weather condition is largely affecting
almost the entire continent. A cold snap that has killed dozens of
people in Central, Eastern and Southern Europe in the past week is
currently spreading to the Western parts of the continent and will
probably last for several days. As temperatures dropped to around
minus 30 degrees below zero, deaths were reported in Ukraine, Poland,
Romania, Serbia and elsewhere. Read
more
daniela.ghetu@mxp.ro
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| INTERVIEW |
|
 Vakhtang
DEKANOSIDZE
General Director
IIC IRAO Ltd. VIG
Georgia
The International Insurance Company IRAO Ltd. was founded in Georgia
in 2004. In 2007, VIENNA INSURANCE GROUP became IRAO’s main shareholder
and gradually increased its participation up to 100%, that underlines
an exceptional feature of IRAO and its raising potential on the local
insurance market. Read
more
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| STATISTIC
UPDATES |
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| EVENTS |
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Motor insurance
in emerging markets - is the price war over?
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 IIF
2012.
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 |
|
 Rangam
BIR
CEO
ALLIANZ-TIRIAC Asigurari
Romania
"The challenging economical environment that we are encountering
in Europe, in general, means that 2012 will an economically challenging year
for all of us and, of course, insurance is following the economical trends, but
I hope we will do well, as a market, and see some positive growth this year", recently stated Rangam BIR, CEO ALLIANZ-TIRIAC Asigurari (Romania) for XPRIMM.TV. Read more
 Artur
BOROWINSKI
President of the Directorate
OMNIASIG - VIG Romania
"2012 will be not an easy year for the insurance market. I expect
a very small increase in premium, but I really don't expect any improvement in
terms of the industry's profitability", stated Artur BOROWINSKI, President of the Directorate, OMNIASIG - VIG for XPRIMM.TV. Read more
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| STATISTICS |
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