 AIIF
2012 NEWS |
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 VIDEO & PHOTO GALLERY: Caucasus
insurance heart beats in Baku
by daniela.ghetu@mxp.ro, 2012-07-04
On July 4-5 took place in Baku the 2012 edition of AIIF - Azerbaijan International
Insurance Forum. Organized by AIA - the association of Azeri insurers,
with the official support of the Ministry of Finance of the Azerbaijan
Republic and in cooperation with Media XPRIMM, Romania, the Forum gathered
over 200 top level professionals of the insurance industry across the
Caucasus region, Middle Asia, Europe, Turkey, Russia and CIS. Representatives
of the supervising authorities, foreign reinsurers or relevant international
services providers for the insurance industry have also participated in
the meeting.
 More  Продолжение
 KHALILOV:
There are great opportunities for insurers in Azerbaijan
by daniela.ghetu@mxp.ro, 2012-07-04
Azerbaijan is not only a beautiful and inviting touristic destination, but also
a high growing economy, offering lots of business opportunities and a lot of
room for expansion and business innovation. Moreover, foreign investments and
know-how are needed and welcomed. "Azerbaijan
insurance market is characterized by a low rate of insurance penetration and
high rates of its growth together with increase of living standards. I think
such situation itself provides a great opportunity for the insurance companies", Namik KHALILOV, Head of State Insurance Supervision Service, Ministry of Finance,
Azerbaijan stated for XPRIMM.
More Продолжение
 ALIYEV:
Foreign players are welcomed and needed in the Azeri insurance market
by daniela.ghetu@mxp.ro, 2012-07-04
"
Azerbaijan its not just open but also interested into welcoming foreign investors
with some new players in the market of international level",
said Azer ALIYEV, Chairman, AIA - Azerbaijan Insurance Association in a recent
interview for XPRIMM.
More Продолжение
 Caucasus:
huge growth potential, rapid developing and well educated professionals
by olesea.adonev@mxp.ro, 2012-07-05
"Caucasus represents a new insurance market, with big growth
opportunities, the well educated professionals, speaking at least 3 languages,
representing
one of its main streghts",
concluded yesterday his speech at AIIF 2012 Chingiz MEHDIYEV, Chairman
of the Management Board of AZ Re Reinsurance Company.
More Продолжение
 AZERBAIJAN:
Life insurance were revived strongly in recent years
by vlad.boldijar@mxp.ro, 2012-07-05
Compared to 2010, when the share of the life insurance segment in the whole insurance
market has amounted to about 1%, at the end of May, 2012, the same indicator
was 14%, declared Akper MADATLI, Chairman of the Board, ATESHGAH Life: "The
main factors stimulating the development of life insurance in Azerbaijan are
the separation of insurance companies' activity into life and non life insurance
business since March 2011, conducting to the emergence on the market of specialized
companies dealing exclusively in life insurance and the adoption of law on "Compulsory insurance against disability as a result of industrial accidents and
occupational diseases". These and other factors have led to the development of the insurance market
and voluntary life insurance in particular".
More Продолжение
 UNITY Re: Average market growth rate in the ex-soviet region reached 25%
by olesea.adonev@mxp.ro, 2012-07-05
"In 2011, insurance markets of the former soviet region recorded
an average growth rate of 25% in terms of gross written premiums for the non-life
lines, amounting to EUR 33 billion. In the reported period, the amount of premiums
ceded in reinsurance reached EUR 3.1 billion, representing about 2% of the non-life
international reinsurance market", declared Dmitriy GARMASH, Deputy CEO, UNITY Re, Russia, at the Azerbaijan International
Insurance Forum.
More Продолжение
 GULIYEV:
MTPL represents 91% of GWP and 94% of the claims paid by CIB
by daniela.ghetu@mxp.ro, 2012-07-05
Paid claims by the Compulsory Insurers Bureau of Azerbaijan as of June 1st, 2012,
amounted AZN 474,949 (~ EUR 490,000), for a total of 325 claim files. Motor claims
represented 94.4% of the total amount and 96% of the files' number, while in
terms of premium MTPL hold a 91% share of the total underwritings of BIB members,
showed Elkhan GULIYEV, Executive Director CIB in his presentation held at AIIF
2012, in Baku.
More Продолжение
 GEN
Re Moscow: The engine for growth in developing markets is mandatory insurance.
by olesea.adonev@mxp.ro, 2012-07-05
"Mandatory insurances represent the engine for growth in developing markets, from
2011 until now, premium written in the emerging markets increased by 150%. The
most significant growth rate was registered in South-East Asia and Latin America.
Therefore, the share of emerging markets, globally for Life insurances increased
by 5% to 14% and
non-life insurance from 7% to 16%" said
Capitolina Tourbina Director, Gender Re Moscow in the Azerbaijan International
Insurance Forum, organized in partnership with the Azerbaijan Insurers Association
and
Media XPRIMM.
More Продолжение
 Two new special editions of INSURANCE Profile, dedicated to the Caucasus markets
by vlad.boldijar@mxp.ro, 2012-07-04
Two new special editions of the well-known specialized magazine INSURANCE Profile were launched today, at the Azerbaijan International Insurance Forum, organized by the Azerbaijan Insurers Association and Media XPRIMM under the theme "New Perspectives in the Caucasus Region". The two editions are dedicated to the insurance markets in Azerbaijan and, for the first time, in Georgia - the insurance market in this country being the fifth analyzed by INSURANCE Profile, after Romania, Moldova, Azerbaijan and Bulgaria.
More Продолжение
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| TOP
NEWS |
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 POLAND:
return to the double digit growth rates
by daniela.ghetu@mxp.ro, 2012-07-05
Polish insurance market started 2012 with a 17.45% y-o-y nominal growth,
returning to a double digit ascending dynamic. Total GWP amounted
PLN 16.47 billion, while Polish insurers paid claims in a total amount
of PLN 9.21 billion, value which is fairly stable, as compared to
1Q2011. In European currency, total GWP stood at EUR 3.96 billion,
13.23% y-o-y
up, while paid claims totalized EUR 2.2 billion.
More Продолжение
 CZECH
Rep.: life and motor, the drivers of the falling trend
by daniela.ghetu@mxp.ro, 2012-07-05
Czech insurance market ended 1Q 2012 with a GWP y-o-y decrease of about 6.7%,
to CZK 39.74 billion (EUR 1.6 billion). Paid claims also decreased by 1.2%, to
CZK 21.9 billion (EUR 885.5 million). According to CAP, the Czech association
of insurers, the main sources of the declining GWP volume were the decline of
the life insurance lines, mainly the single premium line, and the persistent
drop in insurance
premiums for motor classes.
More Продолжение
 BULGARIA:
underwritings down by 1.8% in 1Q2012
by vlad.boldijar@mxp.ro, 2012-07-05
According to data published by the Financial Supervisory Commission of Bulgaria,
insurance companies registered, during the period January-March 2012, a total
of gross written premiums worth BGN 388.23 million (EUR 198.50 million), down
by 1.8% compared to the similar period of 2011. At the same time, the total value
of claims paid by insurers fell by 2.8%, to BGN 181.59 million (EUR 92.85 million).
More Продолжение
 HUNGARY,
1Q2012: Premiums up 2%
by vlad.boldijar@mxp.ro, 2012-07-05
Hungarian insurance market revenues increased by 1.96% to HUF 238.98 billion
(EUR 808.46 million) in the first quarter of 2012, compared to the same period
of last year, according to Hungarian Financial Supervision Authority (PSZAF).
On the other hand, in 1Q2012, insurers paid out claims amounted HUF 163.62 billion
(EUR 553.51 million), 19.96% more than a year earlier.
More Продолжение
 MOLDOVA:
ROSGOSSTRAKH withdraws from MOLDASIG's shareholding
by vlad.boldijar@mxp.ro, 2012-07-03
Last week, the supervision authority of the Moldavian insurance market authorized
the decrease from 80% to 0% of the share owned by the Russian company ROSGOSSTRAKH
in the capital of MOLDASIG, the leader of the Moldavian insurance market.
More Продолжение
 ROMANIA:
ALLIANZ-TIRIAC confirms the naming of Remi VRIGNAUD as CEO
by mihaela.circu@mxp.ro, 2012-07-03
As 1asig.ro has first announced, the Managing Board of ALLIANZ-TIRIAC Asigurari
confirmed on the 28th of June the naming of Remi VRIGNAUD as CEO of the company,
beginning with August 2012. For 11 years, VRIGNAUD had occupied various management
positions at ALLIANZ Elementar in Vienna.
More Продолжение
 TURKEY,
1Q2012: Non-life maintained the market in black
by dimitrios.tsoulias@mxp.ro, 2012-07-05
First quarter's premium production of 2012 closed at around TRY 5.18 billion
(EUR 2.18 billion), with an increase in local currency, of 14.85% as compared
to the same period of 2011.
More Продолжение
 CYPRUS,
1Q2012 rezults: Fast changes bring rapid results
by dimitrios.tsoulias@mxp.ro, 2012-07-05
The insurance market of Cyprus proved itself to be build on really strong foundations
after the research conducted by the IAC (Insurance Association of Cyprus) regarding
the economic results for the first quarter of 2012 with the total premium production
maintaining a positive growth of 2.04% from the same period in 2011.
More Продолжение
 Tjeerd
BOSKLOPPER will be the new President of ING Zycie
by vlad.boldijar@mxp.ro, 2012-07-03
ING Zycie will have starting September 1, 2012, a new President, with Mr. Tjeerd
BOSKLOPPER replacing Tomasz BLAWAT, the current leader of the company. His appointment
was submitted for the Financial Supervision Authority's approval.
More Продолжение
 ROMANIA:
ASTRA Asigurari decided to expand in Georgia
by andreea.ionete@mxp.ro, 2012-07-05
The shareholders of ASTRA Asigurari, the Romanian insurance market leader, have
approved in the Extraordinary General Meeting, held on 2nd of July, the establishment
and registration of an insurance company in Georgia, according to a EGM report
issued by the Bucharest Stock Exchange. The name of the company will be ASTRA
Insurance - Reinsurance Georgia.
More Продолжение
 CZECH
Rep. - Insurance Brokers have chose KOOPERATIVA-VIG as best insurer
by daniela.ghetu@mxp.ro, 2012-07-03
The Association of Czech Insurance Brokers (ACPM) has recently announced the
results of the 12th edition of its annual survey of insurance companies, realized
in cooperation with the Czech Insurers Association and oPojisteni.cz, a specialized
financial portal.
More Продолжение
 MOLDOVA,
1Q2012: Market growth continued
by vlad.boldijar@mxp.ro, 2012-07-05
MDL 234 million (EUR 15 million) wrote in premiums the Moldavian insurers in
1Q2012, 9.4% more than a year earlier, according to the financial data centralized
by the National Commission of Financial Market (NCFM). In the same time, claims
reached MDL 107.5 million (EUR 6.9 million), a 20% increase in comparison to
1Q2011.
More Продолжение
 KAZAKHSTAN
insurance market up 10% in the first 3 months
by vlad.boldijar@mxp.ro, 2012-07-05
Kazakhstan insurance companies reported an increase in local currency of 9.6
percent in gross written premiums in the first three months of 2012, as compared
to same period of 2011, reaching KZT 57.50 billion (EUR 291.70 million).
More
 BELARUSIAN
GWP rose 135% y-o-y in first Quarter
by vlad.boldijar@mxp.ro, 2012-07-05
According to results published by the Belarusian Association of Insurers, in
1Q2012, total premiums in the insurance market rose in local currency by 135%
year-on-year to BYR 893 billion.
More
 POLAND:
VIG has acquired a 92% share in POLISA Life
by vlad.boldijar@mxp.ro, 2012-07-03
VIENNA Insurance Group (VIG) is the new owner of the Polish life insurance company
POLISA, announced the Austrian Group. Last week, the VIENNA Insurance Group has
acquired about 92% of the life insurer.
More Продолжение
 GREECE:
Mandatory civil liability maritime insurance
by dimitrios.tsoulias@mxp.ro, 2012-07-03
Mandatory civil liability insurance for all vessels that enter Greek ports remains
on paper, as the implementation for the legislation imposed by relevant EU directive
that was incorporated into Greek law in 2012 is yet to become active.
More Продолжение
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| EDITORIAL |
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 Summer
time
It is the right time for a well deserved vacation. So, the editorial staff of
XPRIMM News is wishing you a pleasant summer time and invites you
to meet us again on August 9th. Until then, take care to the sun
burns and to the travel insurance coverage! We will return with the
half
year statistics and the latest news in the CEE, CIS and SE regions.
We will also return with new offerings for the autumn and winter
insurance events.
Read
More
daniela.ghetu@mxp.ro
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| STATISTIC
UPDATES |
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| XPRIMM
Insurance Report FY2011 |
Mixed impressions
by daniela.ghetu@mxp.ro
Depending on the local factors, the economic development in the
CEE and CIS regions was uneven, but some characteristics are
common in most countries: an economic slowdown in the last part
of the year, predicting a lower dynamic for 2012, not spectacular
inflation rates, but rather high unemployment figures and weak
purchasing power of the population. In this context, the insurance
markets’ evolution was faily different, mostly depending on the
growth model followed
by the local economies.
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| POINT
OF VIEW |
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 Anton
NEDVEDSKY
External Relations Manager
Belarusian Association of Insurers
Belarusian officials predict that economic situation is going to
normalize in 2012 while the inflation and refinancing rates are decreasing.
These factors are expected to drive insurance market as purchasing
power is growing and bank loans are becoming cheaper.
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| STATISTICS |
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| FINANCIAL
NEWS |
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GREECE:
Positive market reactions after election results
by dimitrios.tsoulias@mxp.ro, 2012-07-03
The initial reaction of the international markets after the recent
election result in Greece was positive, as Greece moves away from the
worst case scenario of leaving the Euro zone, which had already been
assessed.
More
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Elita
BABAYAN
Azer
ALIYEV
