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 Breaking
News: Only EUR 10,000 between the Romanian insurance market leader
and the runner-up! See now who they are and which insurers entered
Top10!
by alex.rosca@mxp.ro, andreea.ionete@mxp.ro,
2012-11-22
Between January-September 2012, the first ten insurance players in
Romania reported underwritings exceeding EUR 1.1 billion, representing
almost 82% of the entire insurance market. Their business decreased
by only 7%, 3 percentage points over the overall market loss. In
the analyzed period, the Romanian insurance market reported gross
written premiums of EUR 1.4 billion, almost 4% less in European currency
compared to the first nine months of 2011.
 More
 MUNICH
Re ups 2012 profit despite Sandy hit
by vlad.boldijar@mxp.ro, 2012-11-22
MUNICH Re, the world's biggest reinsurer, has increased its 2012
profit expectation to EUR 3 billion after posting a profit of EUR
2.7 billion for January-September 2012. At the same time, the GWP
grew 5.3% to EUR 39.1 billion. The original profit guidance was for
a total of EUR 2.5 billion in 2012.
More  Продолжение
 AXA's
3Q revenues up 1% to EUR 68.4 billion
by vlad.boldijar@mxp.ro, 2012-11-22
For the first nine months of the current year, AXA reported a 1.3%
growth in total revenues to EUR 68.36 billion, helped by a 4% increase
in property and casualty insurance sales, according to 9M 2012 Activity
Indicators published by the French group. Including the effects of
currency swings, revenues rose 3.7%. "Growth
is driven by Protection & Health and Property & Casualty, which are less sensitive to financial markets", commented Denis DUVERNE, Deputy CEO of AXA.
More
 GENERALI
PPF study: Only 20% of Romanian and Croatian drivers have CASCO insurance
in addition to their MTPL
by mihai.cracea@mxp.ro, 2012-11-22
In most CEE countries, CASCO insurance is not an option for most drivers. Only
20% of drivers in Romania and Croatia have CASCO insurance in addition to their
MTPL. In the Czech Republic the number is not much higher - about 25%, while
only 5% in Bulgaria and 3% in Serbia. Slovenians are on the other side of the
extreme, where nearly 50% of drivers also have CASCO insurance.
More Продолжение
 TALANX
announced strong nine-month results
by vlad.boldijar@mxp.ro, 2012-11-22
The TALANX Group closed the first nine months of 2012 with an operating profit
of EUR 1.3 billion, 83% more compared to 3Q2011 results - or increasing in absolute
value by EUR 0.6 billion y-o-y. At the same time, the group's net income went
up 68% to EUR 549 million, while the net premium earned improved by around 12%
to EUR 15.9 billion.
More
 ACE
returns to profit in Q3
by vlad.boldijar@mxp.ro, 2012-11-22
The P&C insurer ACE reported a profitable third
quarter aided by higher premiums written and lower catastrophe losses.
The Swiss based insurer reported net income of USD 640 million (or
USD 1.86 per share), compared to USD -39 million (or a net loss of
USD 0.11 per share) for the same period last year. For the nine months
ended September 30, 2012, net income was USD 1.94 billion, more than
double compared with USD 805 million in January-September 2011.
More
 ASTRA
Asigurari: EUR 4,7 million profit after the first 9 months, down
72.4%
by andreea.ionete@mxp.ro, 2012-11-22
ASTRA Asigurari reported a net profit of EUR 4.74 million in the
first nine months of 2012, 72.4% less compared to EUR 17.19 million
reported at the end of September 2011, according to a report sent
by the company to the Bucharest Stock Exchange. The total underwritings
amounted to EUR 173.9 million in the analyzed period, 9.4% less than
the value reported for the first three quarters of 2011.
More Продолжение
 AEGON:
Third quarter confirms the group's new strategy efficiency
by daniela.ghetu@mxp.ro, 2012-11-22
AEGON's underlying earnings before tax increased by 31%, to EUR 472
million in the third quarter of 2012, reaching EUR 1.34 billion after
the first nine months of 2012 (14% more y-o-y). At the same time,
new life sales level reached at EUR 405 million. "The
steps we are taking across our organization to get closer to our
end customers, combined with the strength of our current position,
give us full confidence in the prospects for our business going forward", stated Alex WYNAENDTS, CEO, AEGON.
More Продолжение
 CROATIA
Osiguranje, 3Q2012: Net profit up 32%
by vlad.boldijar@mxp.ro, 2012-11-21
The net profit reported by CROATIA Osiguranje Group for the first
nine months of 2012 amounted to HRK 113 million (EUR 15.2 million)
which is an increase of 32% compared to 3Q2011. For the same period,
the value of gross written premium amounted to HRK 2.53 billion (EUR
340 million), reporting a decrease of 3.2%. The non-life GWP decreased
by 3.6% to HRK 2.25 billion (EUR 302 million), while the life GWP
totaled HRK 280.6 million or EUR 38 million (0.3% more), according
to the Unaudited Consolidated Financial Statements published by the
company.
More
 GENERALI:
Relevant contribution of the CEE markets to the group's growth
by daniela.ghetu@mxp.ro, 2012-11-21
CEE markets accounted for about 6% of the aggregated gross premium
of EUR 50.94 billion written by the GENERALI subsidiaries in 3Q2012.
In terms of profitability, the CEE contribution to the total EUR
3.3 billion operating result (+9.4% y-o-y) was of about 9.5%. Commenting
upon the overall Group's achievements in the first nine months of
2012, GENERALI Group CEO Mario GRECO said that the Italian insurer
expects for the end of 2012 "a
result in excess of € 4 billion, in line with the previously announced
target."
More |
| OTHER
NEWS |
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| EDITORIAL |
 Question
marks...
How to make a choice between two wrongs? This was the main question
mark that hovered over the debates at EIOPA Conference in Frankfurt.
The two wrongs in question refer to the repeatedly postponed application
of new prudential regulations under the Solvency II Directive.
Read
More
daniela.ghetu@mxp.ro
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| INTERVIEW |
 Mikhail
I. BULAVKIN
General Manager
Republican Unitary Enterprise "Belarusian
National Reinsurance Organization"
Experts predict a slight increase of the reinsurance value in 2013.
This may be due to several reasons. First of all, on account of the
high level of loss ratio in catastrophe insurance, the value of obligatory
programs renewals will increase on the international market in 2013.
Moreover, the decrease in the profitability of investment transactions
will most likely lead to the increase in the rates of insurance transactions.
More Продолжение
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| STATISTIC
UPDATES |
| EVENTS |
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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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CUTTINGS |
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