 TOP
NEWS |
|
 HUNGARY:
The insurance markets returns on a downward trend
by daniela.ghetu@mxp.ro, 2012-08-30
Once again, the strong depreciation of the Hungarian Forint, has
put a dramatic accent on the Hungarian insurance markets' negative
dynamic, translating the 4.72% y-o-y nominal decrease registered
in local currency by the end of 1H2012, into a double digit falling
rate of 12.19% when denominating the market results in EUR. Thus,
the overall underwritings of the Hungarian insurers totalized EUR
1.42 billion, EUR 197 million less than in 1H2011.
 More  Продолжение
 KYRGYZSTAN:
Establishment of the first reinsurance company
by olesea.adonev@mxp.ro, 2012-08-30
Kyrgyzstan's Government initiated a draft law, proposed for public
debate, regarding the set-up of a reinsurance company, "KYRGYZ-English
Reinsurance Company", noted a newsletter published by the Government, according to website Knews.ru.
More Продолжение
 GREECE:
Insurance market in the turmoil of dept crisis. 1H/2012 results
by dimitrios.tsoulias@mxp.ro, 2012-08-29
From the beginning of 2012, the state and expectations of the Greek
insurance industry have remained shrouded in the big "cloud" represented
by the country's financial crisis.
More Продолжение
 ALBANIAN's
insurance market falls 5.6% y/y in 1H
by vlad.boldijar@mxp.ro, 2012-08-27
The insurance premium revenues for the period January-June 2012 were
about ALL 4.07 billion (EUR 29.5 million), or 5.56% less in local
currency as compared to the same period last year, announced the
Albanian Financial Supervisory Authority. During this reporting period,
the number of concluded insurance contracts was 469,449 or 25.40%
less, compared to the similar period of 2011.
More Продолжение
 LITHUANIA:
GWP dropped 1.2% in first half year
by vlad.boldijar@mxp.ro, 2012-08-27
Gross written insurance premiums in Lithuania dropped by 1.2% in
the first six months, led by an 11.2% decrease in life insurance
policies, according to the financial figures recently published by
the Central Bank of the Republic of Lithuania. The premiums reached
LTL 855.3 million (EUR 247.7 million), with non-life premiums accounting
for 70.2% and life policies for 29.8% of the total, show the statistics
published by the central bank. A year earlier, the proportion was
60.9% against 33.1%.
More Продолжение
 TURKEY:
Life insurance slowed down the growth of the market
by dimitrios.tsoulias@mxp.ro, 2012-08-29
Turkey's insurance sector is unusual in the general context of Central
and Eastern Europe - and, indeed, the Middle East - in that it is
both large in absolute terms and rapidly growing. Unsurprisingly,
this aspect has not been missed by the multi-national insurance companies
- the result being that most of the regional (Central and Eastern
European) and global players are now present on the Turkish market.
More Продолжение
 SERBIAN
insurers' 1H2012 premiums up 6.2% YoY
by vlad.boldijar@mxp.ro, 2012-08-27
Gross written insurance premiums in Serbia rose by 6.23% in local
currency in the first half of 2012, led by growth in life insurance
lines. The premiums totaled RSD 32.49 billion, with life insurance
growing 17.44% to RSD 5.53 billion, and non-life insurance expanding
4.19% to RSD 26.96 billion, according to the National Bank of Serbia.
In European currency, due the devaluation of RSD in relation to EUR,
the insurance market did not show growth in terms of written premiums,
which amounted EUR 280.51 million, 6.02% less YoY.
More Продолжение
 ACE
2Q earnings dropped 45% but profits rise 54% for the first half
by vlad.boldijar@mxp.ro, 2012-08-23
ACE's net income increased 54% during the first six months of 2012,
on strong current accident year underwriting results and low catastrophe
losses. The Swiss based insurer reported net income of USD 1.3 billion
(or USD 3.80 per share), compared to USD 844 million (USD 2.48 per
share) for the same period last year. ACE improved its combined ratio
to 88.9% for 1H2012 from 92.7%, a year earlier. For the same period,
GWP increased to USD 10.4 billion from USD 10.1 billion in 1H2011.
More Продолжение
 SWISS
Re reports USD 83 million profit despite USD 1 billion loss in US
by vlad.boldijar@mxp.ro, 2012-08-23
SWISS Re reports a net profit of USD 83 million for the second quarter
of 2012. According to the press release, "the
result is impacted by the sale at a loss of USD 1.0 billion of the
ADMIN Re US business". At the same time, Property & Casualty Reinsurance delivered a strong result "from lower Nat Cat losses and positive prior-year development", while Life & Health Reinsurance net income "benefited from realized gains".
More Продолжение
 UNIQA
Group considers buying the majority stake in Zavarovalnica MARIBOR
by daniela.ghetu@mxp.ro, 2012-08-22
UNIQA Group is considering the possibility of buying a 51% stake
in Zavarovalnica MARIBOR, one of the main players on the Slovenian
insurance market. Norbert HELLER, spokesman for the Austrian group,
confirmed UNIQA's interest in this potential acquisition for several
financial newspapers from Austria and Slovenia. He also specified
that UNIQA is waiting to get detailed information in order to properly
evaluate "the
attractiveness of this potential acquisition target".
More Продолжение
 ARMENIA:
Medical insurance, mandatory from 2013
by olesea.adonev@mxp.ro, 2012-08-24
Health insurance could become mandatory in Armenia next year, according
to statements given by Armen SHAHINYAN, representative of NAIRI Insurance,
to website ArmInfo. He said that people that have health insurance
policies belong rather to the well-off social group. So, it is necessary
to launch mandatory health insurance so the whole population can
afford to insure their health.
More Продолжение
 Romania's
TOP 10 general insurance: The first 10 players grew by almost 2%
in national currency
by alex.rosca@mxp.ro, 2012-08-22
In the first six months of 2012, the general insurance market gathered
gross written premiums worth over EUR 746 million, a slight decline
of 1,4% in European currency compared to the value recorded at a
similar time last year, according to preliminary data gathered by
insuranceprofile.ro.
More Продолжение
 ROMANIA:
Top 10 Life Insurance - underwritings worth EUR 195 million
by alex.rosca@mxp.ro, 2012-08-23
During the first half of the current year, the Romanian life insurance
market registered a decrease of more than 5% in European currency,
total underwritings adding up to EUR 195 million. In RON, life insurance
registered a real decrease of 2,3% in the analyzed period, representing
19.8% of total underwritings.
More Продолжение
 TURKMENISTAN
is preparing to launch a new insurance company
by vlad.boldijar@mxp.ro, 2012-08-23
In the near future will be launched a new player on the insurance
market of Turkmenistan, informed the local media. The company name
will be ATIYACLANDYRYS Hyzmatlary ("Insurance
Services"), and will have the following local entities as shareholders: TURKMENGAS (25%%
stake in share capital as a founder), TURKMENISTAN Airlines (with
a share of 15% of the authorized capital) and State Insurance of
Turkmenistan (with a share of 10%).
More Продолжение
 GROUPAMA
posts EUR 87 million loss in 1H
by vlad.boldijar@mxp.ro, 2012-08-22
The French insurer GROUPAMA reported a net loss of EUR 87 million
in the first six months of the year. At the same time, the group
posted revenues of EUR 9.34 billion, down 2.8% from a year earlier,
excluding asset sales and acquisitions. In property and casualty
insurance business the premiums amounted to EUR 5.05 billion (+4.02%),
while in life and health segment, premiums written decreased by 10%
to EUR 4.15 billion. As for financial and banking activities, revenues
totaled EUR 134 million, down 9%.
More Продолжение
 VIG:
Strong growth in premiums in profitability on the CEE markets sustain
the Group's performance
by daniela.ghetu@mxp.ro, 2012-08-22
CEE markets' contribution to VIG-VIENNA Insurance Group's results
grew, both in GWP and profit terms, in 1H2012. Thus, premiums unwritten
in the CEE markets represent 53.8% of the total group's volume, 3pp
more y-o-y, amounting EUR 2.84 billion. Also, the contribution of
the CEE markets to the overall profit before takes figure grew from
46.5% in 1H2011, to 49.4% in 1H2012. In absolute terms, the profit
before takes recorded by the CEE subsidiaries of VIG amounted EUR
148.91 million, 13.6% up as y-o-y. VIG companies are markets leaders
in Austria and 3 of the 9 core CEE markets: Czech Republic, Slovakia
and Romania. "This
proves once more that we are pursuing the right strategy as the largest
international insurance group in this region", said Peter HAGEN, Chairman of the Managing Board and CEO of VIENNA Insurance
Group.
More Продолжение
 AEGON:
Strong overall sales and earnings in 2Q2012
by daniela.ghetu@mxp.ro, 2012-08-22
Higher underlying earnings driven by growth, cost reductions and
favorable currency movements, were reported for 2Q2012 by the Dutch
financial group AEGON. According to its latest press release, underlying
earnings increased by 10%, to EUR 443 million. Yet, underlying earnings
from New Markets decreased 9% to EUR 64 million, mainly as a result
of the lower underlying earnings from CEE. "Despite
the challenges of historically low interest rates, continued market
volatility and stagnant growth affecting the world's leading economies,
AEGON's businesses delivered a strong set of results in the second
quarter, as measured by both sales and earnings", said Alex WYNAENDTS, CEO, AEGON.
More Продолжение
|
 |
| EDITORIAL |
|
 At
first sight
Shrinking business, improved (or, at least steady) profitability
... seems to be, at first sight, the statement which summarizes the
trends registered in the first half of 2012 on the Central and South-Eastern
European markets. Or, slightly changing the angle, while most of
the markets across the region are doing rather bad in terms of volume,
their main players show good results, at least in terms of profitability.
Read
More
daniela.ghetu@mxp.ro
|
| STATISTIC
UPDATES |
|
|
|
| EVENTS |
|
|
ICAR - The
International CAtastrophic Risks Forum
ICAR - The International CAtastrophic Risks Forum, the most important
European event dedicated to catastrophic risks, will take place on
October 15th, 2012 in Bucharest, Romania, this year's edition being
again officially supported by The World Bank.
More Продолжение
Motor Insurance
Conference
Bucharest October 3, 2012
The Romania motor insurance market is still in search of solutions
for the high claims ratios both in MTPL and Motor Hull segments.
As a consequence, it is at the Motor Insurance Conference, on the 3rd
of October in Bucharest, where we will try to find the solutions for the problems the market faces.
More Продолжение
International
Yalta Finance Forum at its 12th Edition
The 12th International Yalta Finance Forum, which has become a tradition
for leaders in insurance and reinsurance in Central and Eastern Europe,
will be held on September 17-21 in Yalta, Ukraine. PRIMM Insurance & Pensions
Magazine supports the event as Media Partner.
More Продолжение
Les Rendez-Vous de Septembre
September 7th-13th, 2012
Monte Carlo, Monaco
Organizer: RVS
For details: www.rvs-monte-carlo.com
International Istanbul Insurance Conference
October 4th-5th, 2012
Istanbul
Organizer: Istanbul Underwriting
Center
General Insurance Forum
October 9th-10th, 2012
Rome, Italy
Organizer: Fleming Europe
Media Partner: XPRIMM Publications
10%
discount for XPRIMM Readers
For details: finance.flemingeurope.com
4th Annual Distribution Strategies
October 11th-12th, 2012
Rome, Italy
Organizer: Fleming Europe
Media Partner: XPRIMM Publications
10%
discount for XPRIMM Readers
For details: finance.flemingeurope.com
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
EIOPA Conference
November 21st, 2012
Frankfurt
Organizer: EIOPA |
| POINT
OF VIEW |
|
 Boris
SABAN, MBA
Executive Director
National Bureau of Montenegro Insurers
What makes us unique is size of the market. Montenegro is only 625,000
inhabitants. This means market is very small but flexible. No big
risks, no big cat exposure.
More
 Samir
OMERHODZIC
Director
Insurance Agency of Bosnia and Herzegovina
Insurance sector in BiH is burdened with numerous problems that greatly
hamper the growth of this financial activity. I shall only mention
the most important: unfair competition, disrespect of the bonus -
malus system, insurance fraud and uninsured vehicles. (...) The biggest
problem on the market is dumping in premiums and violation of tariffs
by market competitors.
More
|
| STATISTICS |
|
|
|
Hrvoje
PAUKOVIC
