 TOP
NEWS |
|
 FY2011
figures indicates that SERBIA is "on track"
by vlad.boldijar@mxp.ro, 2012-04-24
In 2011, total insurance premium amounted to RSD 57.3 billion (EUR
548 million), adding a mere 1.4% on the last year's figure, indicate
the final financial data. "The
development of the Serbian insurance market measured in terms of
premium growth showed the deceleration of positive trends. In 2011,
total premium increased by 1.4% nominally, but fell by 5.2% in real
terms relative to 2010", according to the Insurance Sector in Serbia - Report for 2011 published in
early April by the National Bank of Serbia (NBS).
 More  Продолжение
 MACEDONIA,
FY2011: Figures untouched by global crisis
by vlad.boldijar@mxp.ro, 2012-04-26
Figures released by the Insurance Supervision Agency in respect of
insurance companies in Macedonia show an increase of 5.02% in total
gross premiums written (GPW) over the period 2010 - 2011. The increase
in GPW was primarily due to the authorization of new undertakings,
and also because many insurers exhibited significant increases in
premiums written over the previous year.
More
 SLOVAKIA,
FY2011: Steady growth on a stable market
by daniela.ghetu@mxp.ro, 2012-04-26
2011 was a year of modest growth for the Slovak insurance market.
All in all, the marked reported a 2.04% y-o-y growth, up to EUR 2.11
billion, according Slaspo - the Slovak insurers' association. Given
the legal status of five companies, which are Slaspo members but
are operating in Slovakia based on the right of establishment principle,
the supervising authorities' data are shown a slightly lower GWP
value, of EUR 2.04 billion. However, differences between the two
sources are insignificant in relation to the total results and are
consistent in terms of general trend.
More Продолжение
 SLOVENIA:
Matjaz RAKOVEC named the 'best CFO' of 2011
by vlad.boldijar@mxp.ro, 2012-04-20
Zavarovalnica TRIGLAV's President of the Management Board, Matjaz
RAKOVEC is the recipient of the Best Chief Financial Officer 2011
award, traditionally presented by the KAPITAL publishing house at
the annual KAPITAL financial fair. The jury is composed of thirty
journalists from the business editorial boards of the Slovenian media.
More Продолжение
 EUROINS
1Q2012 premium income rises 65.4% Y/Y
by vlad.boldijar@mxp.ro, 2012-04-20
For the first three months of the current year the GWP of EUROINS
INSURANCE GROUP registered a 65.37% growth amounted to EUR 38.61
million compared to EUR 23.35 million for January-March 2011 according
to preliminary data published by the Group.
More Продолжение
 MOLDOVA,
1Q2012: GWP rises 4.6% Y/Y
by vlad.boldijar@mxp.ro, 2012-04-25
MDL 222 million (EUR 14.3 million) wrote in premiums the Moldavian
insurers in 1Q2012, 4.6% more than a year earlier, according to the
preliminary financial data centralized by the National Commission
of Financial Market (NCFM). MTPL insurance generated MDL 45.9 million
in premiums (3.3% less than last year), or 20.7% of the market. At
the same time, Green Card totalized MDL 47.3 million (12% less),
equivalent of 21.3% of the total market.
More Продолжение
 BiH:
A step closer to the EU insurance legislation compliance but further
efforts still needed
by daniela.ghetu@mxp.ro, 2012-04-25
"BiH is still far from achieving significant results in terms of approximation
with EU standards which call for effective and uniform enforcement of single
and more sophisticated rules on the entire European market for the benefit of
the consumers and ensuring higher level of financial stability. Bosnia and Herzegovina
and its insurance sector will also need to address these challenges", said Renzo DAVIDDI, Deputy Head of the EU Delegation to BiH on the occasion
of the closing ceremony of the project "EU Support for Sustainable Capacity Building of the Insurance Agency of BiH and
the FBiH and RS Insurance Supervisory Agencies", held on the 18th April 2012, in the premises of the Parliamentary Assembly
of Bosnia and Herzegovina in Sarajevo.
More Продолжение
 GREECE:
Insurance market on the uphill of recession
by dimitris.tsoulias@mxp.ro, 2012-04-20
Greek economy is trapped inside the eye of the storm in a very dramatic
situation, while besides being sunk in deep recession it has also
to face an ugly shift by the world economic stage. Suffering from
several austerity measures imposed by the creditors of Greece (IMF
and ECB), great sacrifices had to be made by the Greek people; on
the other hand it may be the only way out from this Greek crisis.
More Продолжение
 HUNGARY:
New fiscal plans will affect insurers' financial results
by daniela.ghetu@mxp.ro, 2012-04-24
The Hungarian Government intends to introduce starting 2013 an unified
tax on insurance companies, by merging and transforming taxes previously
levied on insurance companies, as part of its Szell Kalman Plan 2.0,
a package of new reform measures. The estimated financial outcome
of this operation is of HUF 15 billion per year. Thus, profitability
of Hungarian insurers will be further affected, probably even in
a stronger manner than in the current context.
More Продолжение
 ARMENIA:
Insurer's profit increased four times in 2011
by olesea.serghiescu@mxp.ro, 2012-04-26
In 2011, total insurance premiums production of the eight Armenian
insurance companies amounted AMD 22.4 billion or EUR 43.4 million,
almost three times more than in 2010 (EUR 17.6 million). Also, in
the reference year, insurers have paid claims of AMD 8.1 billion
(EUR 15.7 million), according to data published by the local Agency
ArmInfo.
More Продолжение
 ROMANIA:
The main European groups maintain the increase of the motor insurance
market share, but the business continues to decrease
by andreea.ionete@mxp.ro, 2012-04-26
In 2011, the total value of the gross written premiums for motor
insurance reported by the member companies of the most important
European groups activating on the Romanian market (ALLIANZ, GENERALI
PPF, GROUPAMA, VIENNA Insurance and UNIQA) reached EUR 675.6 million.
This represents 71.8% of the total business registered on the motor
insurance market (MTPL, Green Card and Motor Hull - cumulated), increasing
by 2% compared to 2010, when the market share of the main profile
groups was 69.9%.
More Продолжение
 ROMANIA:
ALICO paid RON 22 million in claims in 2011
by mihaela.circu@mxp.ro, 2012-04-26
In 2011 ALICO Asigurari, the Romanian subsidiary of METLIFE, paid
total claims of RON 22 million, a slightly increase compared to the
total of RON 21.2 million paid in 2010. The company paid claims to
over 11,800 of its clients, the largest claim value reaching EUR
100,000.
More Продолжение
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| FINANCIAL
NEWS |
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HUNGARY:
NBH fears the Szell Kalman Plan 2.0 could lead to higher inflation
and may increase the "black economy"
by daniela.ghetu@mxp.ro, 2012-04-26
The Monetary Council of Hungary's central bank (NBH) has voted on
April 24th to leave the key policy rate unchanged at 7.00%. Thus,
it will be the fourth consecutive month when the indicator's value
is kept at this level, asthe high volatility of risk perceptions
and recent trends in underlying inflation continue to warrant a cautious
policy stance. One of the main reasons of concern for the MC's members
is the possible inflationary trend generated by the measures recently
announced by the government with the Szell Kalman Plan 2.0. |
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| EDITORIAL |
|
 Countdown
to Success
"If an experiment works, something has gone wrong" says
one of the most popular of the Murphy's Laws for technicians. And the corollary
ads: "It should never be repeated". However, no matter how "realistic" it sounds in many cases for engineers, the Law proved wrong at least for two
of the "experiments" started by Media XPRIMM some years ago: FIAR - The International Insurance-Reinsurance
Forum, held each year during the last full week of May, in Romania and XPRIMM
News, the international bi-weekly insurance newsletter. We call them here "experiments" because each of them, at its starting point, was a premiere in the CEE region,
credited by many with little chance of success, or at least viewed by some with
a touch of disbelief. Read more
daniela.ghetu@mxp.ro
|
| INTERVIEW |
|
 Klime
POPOSKI, Phd
President of the Council of Experts
Insurance Supervision Agency
Macedonia
The insurance market in the Republic of Macedonia represents about
3.9% of the financial system total assets. The market concentration
of the insurance undertakings is moderate, with no insurance undertaking
crossing the threshold of 20% share in the total gross written premium. Read
more
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| STATISTIC
UPDATES |
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| EVENTS |
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15th FIAR
- The International Insurance Reinsurance Forum
The number of participants registering for FIAR - THE INTERNATIONAL
INSURANCE-REINSURANCE FORUM is increasing daily, the event gathering
representatives of the insurance and reinsurance markets from all
over the world.
Leaders and specialists from Romania, the Republic of Moldova, Great
Britain, USA, Slovakia, Bahrain, Austria, Denmark, Germany, Russia,
Italy, France, Turkey, Sweden, Poland, Ireland, Cyprus and the Czech
Republic have announced their participation so far.
More Продолжение
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
4th CEA International Insurance Conference - "Global
market, global risks"
June 1st, 2012
Amsterdam, Netherlands
Organizer: CEA - Comite Europeen
des Assurances
For details: www.cea.eu
Azerbaijan International Insurance Forum
July 4th-5th, 2012
Baku Business Center
Baku, Azerbaijan
Organizers: Azerbaijan Insurers
Association and Media XPRIMM
Baden - Baden XPRIMM Reception
4th Edition
October 21st, 2012
Kurhaus Casino, Runder Saal
Baden-Baden, Germany
33rd Baden-Baden Meeting 2012
October 21st-25th, 2012
Baden-Baden, Germany
WorldPensionSummit 2012
November 14th-16th, 2012
Amsterdam, Netherlands
Media Partner: XPRIMM Publications
For details: www.worldpensionsummit.com |
| POINT
OF VIEW |
|
 Julia
CILLIKOVA
Director of the Regulation and Financial Analyses Department
National Bank of Slovakia
Provisional figures indicate a significantly improved combined ratio
and implicitly a higher profitability of Slovak insurers. Although
motor insurance lines maintained a downward trend, almost all other
classes registered positive evolution in premiums. Read
more
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| STATISTICS |
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