 TOP
NEWS |
 VIDEO: Guy
HUDSON, JLT Re: The CEE region presents great opportunities for
reinsurers
by adina.tudor@mxp.ro, 2012-10-26
Despite the negative effects of the financial crisis, the CEE region
continues to present business opportunities for large reinsurance
companies. "Like
many parts of the world, Central and Eastern Europe has suffered
from the financial crisis, but I think that there are great opportunities
in the region for quality reinsures and quality reinsurance brokers,
especially as we emerge from the financial crisis", Guy HUDSON, Partner, JLT Re, declared for XPRIMM TV.
 More  Продолжение
 CROATIA
Osiguranje: One step closer to privatisation
by daniela.ghetu@mxp.ro, 2012-11-01
In response to the public tender opened in July, calling for consultation
services needed in view of selling about 50% of its ownership stocks
in CROATIA Osiguranje, the Croatian Finance Ministry has received
four bids from well known international consultants: KPMG Croatia
along with its partners KPMG Budapest, KPMG Milano & Wolf
Theiss, Lazard Freres of Paris in partnership with Ernst&Young Paris, the French BNP Paribas bank together with its partner Interkapital
Vrijednosni Papiri of Zagreb and Deloitte Zagreb with nine other
partners.
More Продолжение
 SLOVAKIA:
Private health insurers on the verge of nationalization
by daniela.ghetu@mxp.ro, 2012-11-01
The two private health insurance companies currently operating in
Slovakia will have to leave the market next year, as the government
approved a plan to reinstate a single public health-insurer system
starting 2014 in order "to
stop the inflow of funds to private provider", Bloomberg reports.
More Продолжение
 UKRAINE:
International Agricultural Insurance Conference, Reinsurance and
Brokerage for CIS, Europe & Asia
by olesea.adonev@mxp.ro, 2012-11-02
Agricultural insurance plays an important role in promoting and attracting
investments in agriculture industry and moreover in stabilizing revenue
of farmers. But agricultural insurance by itself is a complex type
of insurance. This type of insurance is very different from any other
types of risk in non-life insurance because it is covering developing
biological products.
More Продолжение
 LITHUANIA:
Insurance market growing albeit life insurance premiums written contracted
in volume
by vlad.boldijar@mxp.ro, 2012-11-02
Lithuania's insurance market picked up by 1.3% in volume over three
quarters of this year - insurance companies registered in the country
and branches established in Lithuania by other European Union Member
States wrote LTL 1.28 billion of insurance premiums. As in the previous
quarters of this year, the extent of growth of written non-life insurance
premiums outpaced significantly the volume of written life assurance
premiums, which continued to contract.
More Продолжение
 AON:
TUCA and BORISSOV, two new top managers for the CEE region
by daniela.ghetu@mxp.ro, 2012-11-08
AON has announced for this fall two major changes in its management
structure for the CEE region: Valentin TUCA, CEO of the company's
Romanian branch until November 1st, is the new CEO for the South-Eastern
Europe region, while Hristo BORISSOV became starting last month the
new chairman and CEO for Aon Czech Republic and Slovakia.
More Продолжение
 XIR
1H2012: EUR 18, the average CEE property insurance density
by daniela.ghetu@mxp.ro, vlad.boldijar@mxp.ro,
2012-11-08
The second largest housing stock in CEE, a high exposure to catastrophe
risks - with a strong accent on the earthquake risk - and the mandatory
character of the household insurance for catastrophic risks are the
reasons for which one could expect the Romanian property insurance
segment to have a proeminent place in the regional specialty market.
Yet, Romania's property insurance segment is only the fifth largest
in CEE, after Poland, the Czech Republic, Hungary and Slovenia.
More Продолжение
 XIR
1H2012: Motor insurance business in CEE down 4.3% y-o-y
by daniela.ghetu@mxp.ro, vlad.boldijar@mxp.ro,
2012-11-08
Together, the 17 CEE insurance markets reported an GWP volume of
EUR 4.8 billion for the motor lines in 1H2012, applied to a rolling
stock of approximately 47.5 million vehicles. As compared to 1H2011,
motor insurance figures for 1H2012 show a 4.3% depreciation of the
underwriting results., while paid claims decreased by 8.8%, to EUR
2.96 billion.
More Продолжение
 TRIGLAV:
Benjamin JOSAR completes the company's Management Board
by daniela.ghetu@mxp.ro, 2012-11-08
On November 2nd, 2012, Benjamin JOSAR was authorized by the Insurance
Supervision Agency (AZN) as member of the Zavarovalnica Triglav's
management board, where he will be in charge of finance, accounting,
strategic planning and controlling and the management of subsidiaries.
Matjaz RAKOVEC is President of Zavarovalnica Triglav's Management
Board while the other board members are Andrej SLAPAR, Stanislav
VRTUNSKI and Marica MAKOTER.
More Продолжение
 ROMANIA:
Insurers' business up 1.54% in the first 8 months
by andreea.ionete@mxp.ro, 2012-11-08
According to data recently published by CSA (ISC - The Romanian Insurance
Supervisory Commission), the Romanian insurers reported a gross written
premiums volume of over RON 5.5 billion (approximately EUR 1.2 billion)
in the first 8 months of 2012, increasing by 1.54% compared to the
similar period in 2011. As far as claims paid in the first 8 months
of 2012 are concerned, the data show a value of more than RON 3 billion
(EUR 664.7 million), increasing by 3.33% compared to January - August
2011.
More Продолжение
 ALBANIA
3Q2012: GWP went down by 0.2% y-o-y
by vlad.boldijar@mxp.ro, 2012-11-08
During January-September 2012, the Albanian insurance market experienced
a decrease of 0.18% to ALL 6.52 billion, according to data provided
by the Albanian Financial Supervisory Authority. In European currency,
due to the appreciation of ALL in relation to EUR, the local insurance
market reported a 0.36% increase to EUR 46.50 million.
More Продолжение
 MONTENEGRO
3Q2012: insurance market maintains the ascending trend
by vlad.boldijar@mxp.ro, 2012-11-08
In January-September 2012, the gross premium written by the Montenegrin
insurers amounted to EUR 51.1 million, slightly increasing by 4.18%
in relation to the previous year, Insurance Supervision Agency reported.
Compared to 3Q2011, non-life insurance premium grew by 4.3% (to EUR
44.7 million), the while the total life insurance premium grew by
3.28% (to EUR 6.4 million).
More Продолжение
 ALBANIA:
Independence of the financial regulators under debate
by daniela.ghetu@mxp.ro, 2012-11-08
"Regulator independence is a necessity for achieving and consolidating market
development. A transparent and stable environment promotes consumer confidence
and encourages free and fair competition among all market participants", stated Enkeleda SHEHI, Chairperson of the Albanian Financial Supervisory Authority
in her opening speech to the international conference organized by AFSA under
the title "Independence of the Financial Sector Regulators: Reemphasized".
More
 S&P's:
'A-' ratings on Triglav entities
by daniela.ghetu@mxp.ro, 2012-11-08
On Nov. 7, 2012, Standard & Poor's
Ratings Services placed its 'A-' long-term counterparty credit and
insurer financial strength ratings on TRIGLAV Insurance and TRIGLAV
Reinsurance on CreditWatch with negative implications.
The ratings on both entities are based on Triglav Group's stand-alone
credit profile, assessed by S&P's at 'bbb+', and to which one notch was added to reflect its government-related
entity status, and the "high" likelihood of extraordinary support from the Slovenian government.
More |
| PRESS
CUTTINGS |
|
| EDITORIAL |
 Sandy's
Aftermath
Austerity measures bringing on customer's lowering purchasing power
and saving appetence, an ongoing Euro crisis, poor investment results,
low interest rates, a changing legal environment ... anybody would
say that there was enough pressure on the re/insurance industry for
a life time. And anyway ... what could happen worse? Well... it happened:
Sandy.
Read
More
daniela.ghetu@mxp.ro
|
| INTERVIEW |
 Andrey
VESELKOV
General Director
Media - Information Group "Insurance
Today" Russia
In my opinion, if global economy gets out of recession and GDP in
all leading economies will record a be positive trend, than Russian
insurance market is going to grow up to 20-30% in comparison to 2011.
Otherwise market will go through stagnation and reduction which usually
is more gradual than GDP.
More
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| STATISTIC
UPDATES |
| EVENTS |
European
Pension Funds Congress presents pension innovations from around
the world
The European Pension Funds Congress, traditionally hosted by the
European Federation for Retirement Provision (EFRP), will once again
take place during the EURO FINANCE WEEK, offering to the attending
industry professionals an exclusivist list of speakers.
More
|
The 2nd
Annual Conference of EIOPA
The 2nd Annual Conference of EIOPA will be held on 21 November 2012
in Frankfurt am Main. The European institution will share with the
participants the crucial results of the Authority’s work in 2012
and the challenges that lay ahead of the insurance and occupational
pensions sectors in the years to come.
More
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|
ALB National Conference
VIII-th Edition
Thursday, November 15th, 2012
Bucharest, Romania
Organizers: ALB and Media XPRIMM
For details: www.xprimm.ro
WorldPensionSummit 2012
November 14th-16th, 2012
Amsterdam, Netherlands
Media Partner: XPRIMM Publications
For details: www.worldpensionsummit.com
2nd Annual Solvency II Summit
January 24th-25th, 2013
Amsterdam, the Netherlands
Organizer: Fleming Europe
Media Partner: XPRIMM Publications
10%
discount for XPRIMM Readers
For details: finance.flemingeurope.com
International Conference on Agricultural Insurance,
Reinsurance and Brokerage on CIS, Europe & Asia
March 4th-6th, 2013
InterContinental Hotel
Kyiv, Ukraine
Organizer: AgroInsurance International
General Media Partner: Media
XPRIMM
For details: www.agroinsconf.com
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| POINT
OF VIEW |
 Maximilian
EDELBACHER
Special Investigator
AVUS Group
I really think that motor insurance is the segment most exposed to
fraud. We have an anti-insurance crime bureau in the office since
1968 and it started with motor fraud cases. Next is property, while
life insurance is the third most exposed segment. The number of life
insurance fraud cases is very small, but, of course, the amount of
paid money can be extraordinary.
More
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| STATISTICS |
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