 TOP
NEWS |
 BALBINOT:
If the new Solvency II fails to address the long-term character
of the insurance business, it will hurt a EUR 7.7 trillion investor
by daniela.ghetu@mxp.ro, 2012-11-29
"If appropriate measures will be not put in place to reflect the long-term
character of insurers' business - mainly in what life insurance is concerned
-, the consequences could be severe for insurance customers and for Europe's
economic growth and stability," warned Sergio BALBINOT, President of Insurance Europe, speaking at the EIOPA
Conference in Frankfurt.
 More  Продолжение
 PZU
Group 3Q2012: 53% increase of the net financial result
by daniela.ghetu@mxp.ro, 2012-12-06
PZU Group reported for 3Q2012 a consolidated net financial result
of PLN 2.8 billion (~ EUR 677 million), 52.9% up y-o-y in local currency.
At the same time, ROE's value grew by 8.8 pp y-o-y, to 28.4%. In
terms of gross written premiums, the Polish group recorded a 6.5%
growth, to PLN 1216 billion (~ EUR 2.9 billion), while net insurance
claims amounted to PLN 8.43 billion (EUR 2 billion).
More
 VIENNA
Insurance Group renews the Managing Board members' contracts
by andreea.ionete@mxp.ro, 2012-12-06
The Supervisory Board of VIENNA Insurance Group AG Wiener Versicherung
Gruppe has renewed the Managing Board contracts of Peter HAGEN, Kosyna
FRANZ, Martin SIMHANDL, Fuchs FRANZ and Peter HOFINGER for five more
years. Thus, their terms of office will run from 1st of July 2013
to 30th of June 2018. Also, Peter HAGEN has been reappointed Chairman
of the Managing Board.
More Продолжение
 RUSSIA:
Reinsurance market shows signs of stabilization and consolidation;
28.5% growth in 1H2012
by oleg.doronceanu@mxp.ro, 2012-11-30
Reinsurance premiums received by the Russian re/insurance companies
totalled RUB 22.98 billion (EUR 556 million) in 1H2012, showing a
28.5% y-o-y increase, while claims paid by the same entities reached
RUB 6.3 billion (EUR 152 million), 20.9% up as compared to 1H2011.
For comparison, it is worth mentioning that the 1H2011 results showed
a 3% y-o-y decrease and a 21% fall as compared to 1H2009.
More Продолжение
 KAZAKHSTAN:
25% growth of GWP expected for 2012
by olesea.adonev@mxp.ro, 2012-11-29
"We expect a market growth of 25% by the end of this year, but the realization
of this estimate depends on some volatile factors," recently stated Marina SHIPOVALOVA, General Director of INTERCONSULT Kazakhstan
for www.xprimm.com.
More Продолжение
 KOSOVAR
insurers reported profit of EUR 2.5 million at the end of September
by vlad.boldijar@mxp.ro, 2012-12-05
Total gross written premiums of the Kosovo insurance industry in
the first nine months of 2012 amounted to EUR 63.34 billion, representing
an increase of 7.86% over the corresponding period in 2011, while
the value of paid claims totaled EUR 21.6 million, or 9.5% more y-o-y,
as the Central Bank of Kosovo (CBK) informed. These values were generated
by 13 insurers who sold over 578 thousand policies in the analyzed
period.
More Продолжение
 5.3%
growth y-o-y for MOLDAVIAN insurance market
by vlad.boldijar@mxp.ro, 2012-12-05
The first nine months of this year marked for Moldavian insurance
market, a total volume of gross written premiums of MDL 785.5 MDL
(EUR 50.9 million), up 5.3% compared with January-September 2011
- according to preliminary data centralized by the National Commission
of Financial Market (NCFM).
More Продолжение
 SERBIA,
3Q2012: Currency fluctuations affected the market rates
by vlad.boldijar@mxp.ro, 2012-12-05
As in the case of Hungary, Poland, Romania or other insurance markets
that are not a part of the Eurozone, or which have pegged the national
currencies to the euro - all indicators regarding the Serbian market
were affected in 3Q2012 by the devaluation of RSD in relation to
EUR.
More Продолжение
 UNITY
Re: Strong growth expected in the Russian reinsurance business
by olesea.adonev@mxp.ro, 2012-11-30
Reinsurance premiums written by the Russian specialized carriers
reached RUB 6.12 billion (EUR 149 million) in 1H2012, up by 29.7%
y-o-y, show the results published by the Russian Commission for the
Supervision of Financial Markets. At the same time, total reinsurance
premiums related to inward risks undertaken by the Russian re/insurers
reached a total of RUB 22.98 billion (EUR 556 million), increasing
by 28.5% y-o-y. "We
can expect that by the end of the year reinsurance premiums written
will reach RUB 40-45 billion, showing a strong growth," stated Dimitri GARMASH, Deputy CEO, UNITY Re.
More Продолжение
 UKRAINE:
Creation of the Life Insurance Guarantee Fund, a step forward for
the protection of policyholders
by olesea.adonev@mxp.ro, 2012-11-30
Last week, the National Commission of Financial Markets in Ukraine
put into public debate a draft law for the Life Insurance Guarantee
Fund's organization and functioning rules. The structure was established
in order to protect policyholders rights in the event of life insurance
insolvency.
More Продолжение
 GREECE:
Government plans to tax collective pension-saving plans
by dimitrios.tsoulias@mxp.ro, 2012-12-06
The situation regarding the intentions of the Government to tax the
premiums paid by an employer to an employee under a collective pension-saving
plan as income remains uncertain.
More
 TRIGLAV
awarded for its outstanding communication skills and training system
by daniela.ghetu@mxp.ro, 2012-11-29
Zavarovalnica TRIGLAV won for the fourth consecutive year the The
TOP 10 - Training Management award granted every year by Planet GV
and the Sofos Institute of Training Management to to ten Slovene
companies and organisations which systematically invest in their
employees' knowledge, skills and training.
More
 GREECE:
Fear of a new "HAIRCUT" on state bonds sounds the alarm on the Greek insurance market.
by dimitrios.tsoulias@mxp.ro, 2012-12-06
The Association of Insurance Companies in Greece wants to evaluate
the impact of repurchasing Greek state bonds in order to create the
conditions which will minimize losses.
More |
| PRESS
CUTTINGS |
|
| EDITORIAL |
 Long
term... short
In this era of global financial crisis, the pressure put on the insurers,
whether it is coming from shareholders or is driven by higher costs
and falling sales, is set to rapidly change priorities and dilute
good intentions in terms of tracking rapid gains at the expense
of healthy gradual developments. And to better understand this phenomenon
all we need to do is look at how long-term planning works for each
and every one of us.
Read
More
andreea.ionete@mxp.ro
|
| POINT
OF VIEW |
 Alexandr
ZALETOV
Deputy Chairman of the Council of the League of Insurance Organizations
in Ukraine and Editor in Chief, Insurance TOP Magazine
A new Law "On insurance" is
about to bring radical changes on the insurance market and among
the players on the insurance market in 2012. All participants on
the insurance market together with representatives of the legislative
bodies are discussing the draft of the new law, which will govern
the insurance sector in the future. Currently, the law draft is at
the second reading in Ukraine's Parliament. The first version of
the amendments on the law draft was registered in Parliament on December
19, 2011.
More Продолжение
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February 19th-20th, 2013
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Media Partner: XPRIMM Publications
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February 20nd-21st, 2013
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Organizer: AgroInsurance International
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