 XPRIMM
Report from Amsterdam |
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 INSURANCE
Europe's 4th International Insurance Conference - "Global markets, global risks"
by alexandru.ciuncan@mxp.ro, 2012-06-01
Friday, the 1st of June, took place the 4th International Insurance
Conference, organised by the European (Re)insurance federation INSURANCE
Europe in Amsterdam. The Romanian Insurance Market was represented
at the event by Bogdan ANDRIESCU, President, UNSICAR, Florentina
ALMAJANU, General Director, UNSAR, Constantin NASTASE, PR Manager,
UNSAR, and Alexandru CIUNCAN, Secretary General, APPA - Association
for Promoting Insurance.
 More
 Michel
BARNIER: The economic crisis affected the insurers
by alexandru.ciuncan@mxp.ro, 2012-06-01
"We are crossing the 5th year of the financial crisis. We are going through
a difficult economic environment", said European Commissioner Michel BARNIER, at the beginning of his speech at
the International Insurance Conference in Amsterdam. The European official delivered
his message to the participants of the event, saying that the Europeans leaders
are aware that insurance companies are also affected by the overall economic
situation.
More  Продолжение
 Photo
Gallery: How to gain access to consumers - on the agenda of the International
Insurance Conference
by alexandru.ciuncan@mxp.ro, 2012-06-01
The consumer represents the main subject on the agenda of insurers
gathered at a national association level at the most important specialized
European event - the International Insurance Conference. The event,
organized by Insurance Europe (the new name of CEA), started early
on Friday in Amsterdam, the conference being opened by Her Highness
Princess M?xima of the Netherlands, UN Secretary-General's Special
Advocate for Inclusive Finance for Development.
More
 A
joint transatlantic prudential framework is required
by alexandru.ciuncan@mxp.ro, 2012-06-01
As debates continue at the International Insurance Conference in
Amsterdam, there are talks regarding the collaboration between Europe,
the U.S.A. and South American countries in order to develop a united
prudential framework for the insurance industry.
More
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| TOP
NEWS |
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 VIG,
1Q 2012: The figures show the increase in profit and business
growth
by vlad.boldijar@mxp.ro, 2012-05-29
In January-March 2012, VIENNA Insurance Group earned a total of EUR
2.7 billion of premiums written, growing by 5.5% compared to the
same period of the previous year. In the property/casualty insurance
segment the volume of premiums grew by 4.1% to EUR 1.5 billion. In
the life insurance the Group companies of VIG achieved a volume of
premiums of more than EUR 1.1 billion, i.e. a plus of 7.4%. At the
same time, in the health insurance, the Austrian Group reported an
increase in premiums written by 6.1% to EUR 97.8 million.
More Продолжение
 PZU
Group ended 1Q2012 with about EUR 200 million net profit
by daniela.ghetu@mxp.ro, 2012-05-30
Net profit for the PZU Group amounted to PLN 822.6 million in 1Q2012
(~EUR 198 million), while operating profit was of PLN 1.03 billion
(~EUR 249 million), 7.5% higher y-o-y. This is the result of a nearly
9% increase in GWP, an increased discipline in the costs area, as
well as of the better investment results. ROE for the period from
1 January to 31 March 2012 was 24.7%, an increase of 0.8 pp compared
to the same period last year, according to data published by the
Group.
More Продолжение
 TRIGLAV
Group posts a EUR 17 million first-quarter profit
by vlad.boldijar@mxp.ro, 2012-06-06
In the first quarter of 2012 the TRIGLAV Group earned a net profit
of EUR 17.6 million, which was 8% more than in the respective period
one year earlier, whilst Zavarovalnica TRIGLAV's net profit rose
by 7% to EUR 13.7 million. At the same time, the TRIGLAV Group posted
a total of EUR 273.4 million in gross insurance and co-insurance
premium and that of Zavarovalnica TRIGLAV amounted to EUR 197.9 million. "In
the first quarter of 2012, 83.4% of the consolidated gross written
premium was charged in the Slovene insurance market. The share of
gross written premium charged in Slovenia increased by 0.5 percentage
point compared to the respective period in the previous year", announced the company.
More Продолжение
 BTA
Latvia: Growing fuel prices make economic cars most stolen
by daniela.ghetu@mxp.ro, 2012-06-06
While the fuel prices increase, more economy class and diesel cars
are stolen, show the Latvian non-life insurance market's leader,
BTA, statistics. Since 2008, the number of car thefts decreased every
year but in 1Q2012 approx. 190 cars were stolen, which is the same
as in 1Q2011. According BTA, the most stolen cars in 2012 are Volkswagens
(VW), especially Golf, Passat, diesel Touran and Smart models, data
confirmed by the Ministry of the Interior. In turn, Audi and BMW
rank second. "Today,
thieves are more interested in economy class cars that are approximately
ten years old, with a value of about EUR 7,000", pointed out Ilze VEJINA, Deputy Director of the BTA Insurance Claim Department.
More Продолжение
 SLOVAKIA,
FY2011: NBS confirmed the upward trend
by vlad.boldijar@mxp.ro, 2012-06-06
Last year, Slovak insurance market totaled EUR 2.04 billion, registering
an increase by 1.3%, according to the financial figures published
by the National Bank of Slovakia (NBS). Previous, SLASPO - the Slovak
Insurers' Association, reported a 2.04% y-o-y growth, up to EUR 2.11
billion.
More Продолжение
 ROMANIA,
1Q2012: The first "increase" after 3 years
by alex.rosca@mxp.ro, 2012-06-04
After the first three months of 2012, the insurance market totalized
EUR 504 million, according to INSURANCE Profile Review (www.insuranceprofile.ro).
Thus, the insurance market reentered a growing trend, being marked
by a slight increase, of more than 2% (compared to the first quarter
of 2011), after three years of decrease, the first decrement of the
insurance market taking place in 1Q/2009. The non-life insurance
market had a significant contribution to market's growth, this insurance
segment registering a 2.6% increase, reaching EUR 405 million At
the same time, non-life insurance generated 80.3% of the entire insurance
market. As far as life insurance sector is concerned, the results
indicate a total underwritings volume of EUR 99.3 million, increasing
by 0.5% compared to 1Q/2011.
More Продолжение
 Bank
of Lithuania, 1Q2012: The insurance market contracted due to lower
life inssurance volumes
by vlad.boldijar@mxp.ro, 2012-06-01
According to the data of the Bank of Lithuania, the amount of insurance
premiums written in the domestic insurance market over the first
quarter of 2012 made up LTL 397.7 million, which was 0.2 per cent
less than over the same period last year. In total, 1.09 million
of insurance contracts were concluded, which was 4.0 per cent more
than in the first quarter of 2011. Over the first three months of
the year, insurers paid claims for the amount of LTL 255 million
or 1.8 per cent less than a year ago.
More Продолжение
 GENERALI,
1Q2012: Premiums up 6.1%
by vlad.boldijar@mxp.ro, 2012-05-29
In the first quarter of 2012, GENERALI reported an increase in total
gross premiums to EUR 19.8 billion (+6.1%), due to the positive performance
in Life premiums and the continued trend of development in the Non-Life
business. Life gross premiums written amounted to EUR 12.8 billion
(6.9% more compared to 1Q 2011), while in non-life segment premiums
rose by 4.7% to EUR 7 billion.
More Продолжение
 SEESAM's
net profit in the Baltics amounted to EUR 1.5 million in 1Q2012
by vlad.boldijar@mxp.ro, 2012-06-06
SEESAM's consolidated net profit in the Baltics amounted to EUR 1.5
million in 1Q2012, announced the company. Combined ratio during the
first three months of 2012 was 98.3%. At the same time, investment
portfolio produced profit of EUR 1.2 million while earnings from
other operating incomes reached EUR 0.1 million.
More Продолжение
 GREECE:
79% growth in investment products
by dimitris.tsoulias@mxp.ro, 2012-06-7
Data published by HAIC (Hellenic Association of Insurance Companies)
reveal that savers have turned their focus on Unit Linked programs
rather than term deposits. According to the data, in 1Q 2012, premium
production in the investment programs branch have increased by 79%,
while the total production of the sector has been enhanced by EUR
68.2 million Y-o-Y, reaching a total of EUR 154.5 million.
More
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| EDITORIAL |
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 The
Eastern magic
Diversity seems to be the dominant impression when analyzing the
2011 results on the CEE and CIS insurance markets, show the data
gathered by the latest edition of XPRIMM Insurance Report, recently
launched on the occasion of FIAR 2012.
Although in both regions most national markets ended 2011 with a
positive outcome, at least when denominated in local currencies,
there are a lot of differences depending on the local economic factors.
In macroeconomic terms, most countries experienced an economic slowdown
in the last part of the year, predicting a lower dynamic for 2012.
Although inflation rates were not spectacular, unemployment figures
stood at rather high values almost everywhere and population's purchasing
power remained mostly weak. Read
more
daniela.ghetu@mxp.ro
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| STATISTIC
UPDATES |
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| XPRIMM
Insurance Report FY2011 |
Romania
remains the 6th market in CEE, with a 5.7% market share
by vlad.boldijar@mxp.ro, 2012-06-01
The gross written premiums totalized by the insurers in Central
and Eastern Europe (CEE) reached EUR 31.97 billion in 2011, 4%
less than at the end of 2010, shows data published by XPRIMM
Insurance Report FY2011 ( www.xprimm.com).
With gross written premiums of EUR 1.84 billion, the insurance
market in Romania remains the 6th market in CEE in 2011, the
market share in the region decreasing from 5.9% (in 2010) to
5.7%. Before the recession, in 2008, Romania occupied the 4th
place in CEE, with underwritings of EUR 2.4 billion and a market
share of over 7%.
More Продолжение
Request
your copy now!
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| EVENTS |
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AIIF - 2012 Azerbaijan International Insurance
Forum
"New Perspectives in the Caucasus Region"
July 4th-5th, 2012
Jumeirah Hotel, Baku, Republic of Azerbaijan
AIIF stands as the most important
event in the Caucasus Region, dedicated to the insurance and reinsurance
markets, focused on the main development trends and perspectives
within the Region.
The Forum represents an efficient platform for interactive discussions
between representatives and aims to strengthen the collaborations
among national markets in the insurance field.
Click
here for details!
Click
here for registration!
15th FIAR
- The International Insurance Reinsurance Forum
Insurance and reinsurance professionals 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 participated at the 15th Edition on
FIAR, held on May 20-24 in Sinaia, Romania.
Click
here for Photo Gallery!
Click
here for XPRIMM.TV interviews and videos!
Click
here for FIAR Journal!
ORACLE 5 o'clock Insurance Tea
June 19th, 2012
INTERCONTINENTAL Hotel, Bucharest
Organizers: ORACLE and Media
XPRIMM
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 |
|
 Jernej
MERHAR
M. Sc., Deputy Director
Insurance Supervision Agency
In the year 2013 we expect a gradual recovery in the overall Slovenian
economy after the economic crisis. The insurance sector is expected
to grow between 5 and 10 percent in terms of the total premium written. Read
more
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| STATISTICS |
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Rangam
BIR
Andres
PIIRSALU
