 TOP
NEWS |
 Unisex insurance premiums and benefits starting December 21st 2012
by andreea.ionete@mxp.ro, 2012-12-20
According to the European Court of Justice of the European Union's decision on March 1st 2011, starting December 21st 2012, insurers must implement the equal treatment principle, which forbids them to establish the insurance products rates using a gender-based risk evaluation.
 More
 ROMANIA:
Green light for the new Financial Supervisory Authority
by mihaela.circu@mxp.ro, 2012-12-20
On December 18th, The Romanian Government adopted the Ordinance regarding the
creation of the Financial Supervisory Authority (FSA). The law project had been
read for the first time just a week before.
More
 HUNGARY,
3Q2012: the Forint appreciation flattens the downward curve
by daniela.ghetu@mxp.ro, 2012-12-20
After the results of the first half of 2012 showed a worrisome decrease, the
Hungarian insurance market seems to recover to a certain extent, according to
the market results denominated in the European currency. Thus, although it maintained
a downward trend, the 3Q2012 results appear to show signs of a flattening downward
curve. GWP amounted to EUR 2.06 billion, 2.45% y-o-y less, as compared with
the over 12% fall recorded in 1H2012.
More
 BULGARIA
3Q2012: Motor lines continue to draw back the insurance market
by daniela.ghetu@mxp.ro, 2012-12-20
The Bulgarian insurance market closed 3Q2012 with a decrease in the GWP volume
of about 1% y-o-y, to EUR 582.4 million. The lowering GWP level can mainly be
put down on the continuous fall in motor insurance underwritings (-3.2% y-o-y),
while for the property lines and the life insurance segment, GWP recorded positive
evolutions of 1% and 2.4%, respectively.
More
 VIG:
over 50% contribution of the CEE markets to the Group's GWP and profit
by daniela.ghetu@mxp.ro, 2012-12-13
Vienna Insurance Group ended 3Q2012 with a record net profit figure, "surpassing
the annual result of the pre-crisis year 2007," as Peter HAGEN, Chairman of the Managing Board and CEO of the Austrian Group
stated. CEE countries contributed both to the overall profit and GWP with more
than 50%, encouraging the further expansion of VIG in the CEE region. "We are now also regarding the region from the Baltic Sea to the Black Sea as
growth engines. About 120 million people live in this region, and they still
face an enormous need to catch up as far as modern insurance solutions are concerned," stated Peter HAGEN.
More  Продолжение
 UNIQA
Group, 3Q2012: EUR 93.5 million consolidated profit after taxes, in line with
the 2012 target
by daniela.ghetu@mxp.ro, 2012-12-20
UNIQA Group has improved its earnings before tax to EUR 152.4 million in 3Q2012
from the EUR 173.8 million loss posted in 3Q2011. Consolidated profit after
tax and minority interests amounted to EUR 93.5 million. "In
the first nine months of 2012, we achieved what we set out to do. We still have
a great deal of work, but we are well on track, and we are consequently implementing
our strategic program UNIQA 2.0.," commented Andreas BRANDSTETTER, CEO UNIQA.
More
 SAVA
Re, 3Q 2012: stronger accent on the international markets and improved profitability
by daniela.ghetu@mxp.ro, 2012-12-20
In 3Q2012, gross premiums written by the SAVA Re Group companies amounted to
EUR 215.8 million, 6.6% up y-o-y. In absolute terms, the largest growth was
generated by the largest companies in the Group, SAVA Reinsurance Company and
Zavarovalnica TILIA. At the same time consolidated reinsurance premiums grew
by 13.6%, due to the increase in international reinsurance premium.
More
 CZECH
Rep.: CP posts lower profit and premiums in 3Q2012
by vlad.boldijar@mxp.ro, 2012-12-20
CESKA Pojistovna (CP), the largest insurance company in the Czech Republic,
reported for January-September 2012, according to the international accounting
standards, a net profit of CZK 2.80 billion (EUR 110 million), CZK 200 million
less compared with the same period previous year.
More
 ROMANIA,
mediation market: Another step towards 50% of the insurance market
by vlad.boldijar@mxp.ro, 2012-12-20
In January-September 2012, the Romanian insurance mediation market remained
at the same level as the previous year, the total amount of mediated premiums
reaching almost EUR 569 million. Comparing this value with the entire insurance
market, the brokerage segment represented almost 41% of the gross premiums written
by the all Romanian insurance companies, while a year earlier the same indicator
was 39.4%.
More
 GREECE:
Insurance market unable to recover 9.8% decrease by 3Q/2012.
by dimitrios.tsoulias@mxp.ro, 2012-12-20
In 3Q/2012, the Greek insurance market managed to total EUR 3.22 billion, which
means a 9.8% drop compared with the same period of 2011.
More Продолжение
 CYPRUS:
Recent economic instability affects 3Q/2012 insurance results
by dimitrios.tsoulias@mxp.ro, 2012-12-20
The Cypriote insurance market seems to be reduced by 2.21% by the end of 3Q/2012
according to the data published by The Insurance Association of Cyprus, amounting
to a figure over EUR 611 million in GWP.
More Продолжение
 GEORGIA,
3Q2012: Impressive growth continues
by vlad.boldijar@mxp.ro, 2012-12-20
The total insurance premium volume in Georgia increased impressively to EUR
215 million (GEL 460.3 million) in the period January - September 2012, 75%
more as compared with the same period a year ago, according to the data published
by the National Bank of Georgia. In terms of claims, the local insurers paid
out EUR 83.6 million in insurance damages until the end of September, 10.7%
more y-o-y.
More
 BELARUS,
3Q2012: Insurance market has doubled y-o-y
by vlad.boldijar@mxp.ro, 2012-12-20
Belarusian insurance market totaled BYR 3,566 billion for the first nine months
of 2012, informed the Belarusian Association of Insurers, 98.5% more compared
with January-September 2011. Calculating in the European currency, due the devaluation
of BYR in relation to EUR, the insurance market shows a less pronounced increase:
EUR 324 million, up 38% y-o-y.
More Продолжение
 TRIGLAV:
5.4% higher profit for 5.4% lower underwritings
by daniela.ghetu@mxp.ro, 2012-12-13
The net profit of the TRIGLAV Group for 3Q2012 amounted to EUR 50.5 million,
5.4% up y-o-y. The group's gross insurance and co-insurance premiums totalized
EUR 732.1 million, down by 5.4% y-o-y, while the combined ratio was favourable,
at 91.8%. "With
the consistent implementation of the set strategy, the TRIGLAV Group was able
to achieve good results.
More Продолжение
 AEGON
acquires FIDEM Life and enters the Ukrainian life insurance market
by daniela.ghetu@mxp.ro, 2012-12-13
AEGON has announced on December 5th, its acquisition of FIDEM Life, the fifth
largest life insurance company in Ukraine, further strengthening the Dutch insurer's
position on the CEE market. "Given
the sizeable population and low penetration of life insurance in the country,
Ukraine offers AEGON an attractive long-term growth opportunity. FIDEM Life's
dedicated customer centric business approach fits well with AEGON's strategy," stated Gabor KEPECS, CEO of AEGON CEE and a Member of AEGON's Management Board.
More Продолжение
 SLOVAKIA:
ACHMEA won the first battle with Fico's government in the health insurance war
by daniela.ghetu@mxp.ro, 2012-12-13
The International Court of Arbitration ruled in favor of the health insurance
company UNION, a health insurance subsidiary of the Dutch insurer ACHMEA, following
its legal action started against Slovakia. The insurer claimed the violation
of the investments protection agreements when PM Robert Fico, during his first
mandate, decided to ban private insurers from making profits.
More Продолжение
 SERBIA:
General Manager at DUNAV Insurance Company changed
by lela.sakovic@mxp.ro, 2012-12-13
The biggest insurance company in Serbia, DUNAV Insurance Company, will appoint
new General Manager as of mid-December: former General Manager Milenka JEZDIMIROVIC,
who has held this position since 2009, resigned in early December reportedly
for personal reasons. Former Chairman of the Supervisory Board of DUNAV insurance,
Marko CULIBRK will replace her, as Acting Director in the next six months.
More Продолжение |
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| EDITORIAL |
Another tough year ends soon, fortunatelly with a positive result for most of
the insurance market players. Hoping for the better, we wish you
a Happy New Year, full of achievements and all the best for the holiday
season! Read
More
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| STATISTIC
UPDATES |
| EVENTS |
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Motor insurance-the road towards profitability
Despite the current financial crisis, motor insurance remains the main business
line in most of the emerging markets. More and more people and business
use the roads and motorways of CEE and CIS countries as part of
their day-to-day operations. However, the part motor insurance played
for decades was shaded in the recent years as high claims ratio
and low profitability occurred. Ever-increasing repair costs, unprecedented
bodily injury claims and growing insurance fraud became difficult
to manage for insurers, thus threatening their profitability.
IIF 2013 will analyze the most efficient tools
to optimize claims costs, as well as the means of transferring the
best practices towards the emerging markets.
More
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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
6th Annual Bancassurance Forum
February 19th-20th, 2013
Barcelona, Spain
Organizer: Fleming Europe
Media Partner: XPRIMM Publications
10%
discount for XPRIMM Readers
For details: finance.flemingeurope.com
Russian Insurance Forum 2013
February 20nd-21st, 2013
Marriott Grand Hotel, Moscow, Russia
Organizer: Adam Smith Conferences
Media Partner: XPRIMM Publications
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: XPRIMM
Publications
For details: www.agroinsconf.com
FIAR 2013 - The International Insurance - Reinsurance
Forum
May 19-23, 2013
Sinaia, Romania
Organizer: Media XPRIMM
Media coverage: XPRIMM Publications
For details: www.fiar.ro
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| STATISTICS |
| PRESS
CUTTINGS |
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