 TOP
NEWS |
 GENERALI
Group takes full control over GPH from its joint venture partner,
PFF Group
by daniela.ghetu@mxp.ro, 2013-01-09
GENERALI Group officially announced its decision to purchase in two
stages the remaining 49% of share capital of GPH - the joint venture
established in 2008 with the Czech financial PPF Group in which GENERALI
already holds 51% of the share capital -, for a consideration that
has been fixed at EUR 2.52 billion. Following the transaction, full
ownership and management control of GPH will be transferred to the
Italian insurance group at closing of the first stage. "Today
we are one of the leading players in a high-growth area. With full
control of GPH, we shall be able to take full advantage of our investment
and focus on developing our core insurance business while improving
competitiveness and profitability," GENERALI Group CEO Mario GRECO said.
 More  Продолжение
 POLAND
3Q2012: temperate growth rate, with above average results in life
insurance
by daniela.ghetu@mxp.ro, 2013-01-17
The 3Q2012 results demonstrate that the Polish insurance market is
set on a stable upward trend, although the high double digit growth
rate, of 17.45%, recorded in 1Q diminished to about 12% by the middle
of the year and fell in the "single
digit" area after the first nine months of 2012. Thus, GWP amounted to almost PLN 47
billion in 3Q2012, 7.84% up y-o-y.
More
 ROMANIA,
3Q2012: Photo finish ranking
by alex.rosca@mxp.ro, 2013-01-17
The market seems to have two leaders after the first nine months
of the current year. Does it? The figures of the mentioned period
bring OMNIASIG as a new market leader,- separated from the top leader
by only EUR 10,428. More or less... the fact is that the two companies
have almost the same market share.
More Продолжение
 SLOVENIA
3Q2012: MARIBOR's acquisition by SAVA Re changes the "competition" landscape
by daniela.ghetu@mxp.ro, 2013-01-17
Down by 3.24% y-o-y in terms of GWP: this is the 3Q2012 result recorded
by the Slovenian insurers, members of the Slovenian Insurance Association.
In absolute figures, GWP amounted to EUR 1.57 billion, with EUR 52
million less than in 3Q2011. Most of this negative difference originates
in the life insurance sector, which recorded a 9.7% y-o-y decrease
in underwritings, to EUR 434.8 million, while on the non-life side
the 3Q2012 GWP volume only diminished by 0.5% y-o-y, to EUR 1.13
billion.
More
 UKRAINE
takes lessons in agricultural insurance
by olesea.adonev@mxp.ro, 2013-01-17
The global financial crisis has been felt in the economies of many
countries, including Ukraine. Up until 2008 two of the country's
economic engines were the metallurgical and the chemical industry.
Due to lower prices for metal products in the world, an agricultural
production issue came to the fore.
More Продолжение
 The
Bulgarians bring another RON 15 million to EUROINS Romania's capital
by adina.tudor@mxp.ro, 2013-01-17
According to a shareholders' decision on November 22nd 2012, EUROINS
Romania will increase its social capital by cash contribution by
RON 15 million (EUR 3.42 million), up to RON 118.5 million (EUR 27.06
million). The decision was preceded by the Insurance Supervisory
Commission's request at the end of last year.
More Продолжение
SERBIA:
Amendment to the Law on Insurance: deadline for separation of mixed
insurance companies is postponed
by lela.sakovic@mxp.ro, 2013-01-17
A few days before the New Year, the Law Amending the Law on Insurance
came into force. According to this Law, separation of composite (mixed)
insurance companies, envisaged by the end of 2012, has been postponed
until the end of 2013. This means that all insurance companies that,
as of the effective date the amendment has come into force, have
a license for dealing with both life and non-life insurance, would
have to separate their operations by the end of the current year
and to provide the National Bank of Serbia, as a regulator of this
market, with proof of this separation.
More
 SLOVENIA:
KBC to exit NLB with 22% stake sale
by vlad.boldijar@mxp.ro, 2013-01-17
The Belgian financial group KBC announced at the end of 2012 the
selling of the remaining 22% stake in Slovenia's largest bank - NLB
(Nova Ljubljanska Banka), to the Slovenian State for EUR 2.77 million
(1 EUR/share). KBC Group invested in NLB in 2002 by acquiring a 34%
stake and in 2006 it reduced to 22%, after which the Slovenian State
refused to let KBC raise its stake to a majority.
More
 Russia:
Are the most dangerous insurance branches profitable?
by olesea.adonev@mxp.ro, 2013-01-17
For ten years, insurance companies from Russia have repeatedly asked
the supervision authorities in Russia for the creation of a new compulsory
insurance branch, addressed to the owners of hazardous industrial
properties. At present, insurers estimate that they will have access
to a USD 3 billion market.
More
 MACEDONIA,
3Q2012: The figures continued to show the market potential
by vlad.boldijar@mxp.ro, 2013-01-17
In January-September 2012, Macedonian insurers wrote MKD 5.3 billion
in premiums (EUR 86.2 million), which represented an increase of
2.6%, as the figures published by the Insurance Supervision Agency
of Macedonia showed.
More Продолжение
 CZECH
market posts subunit growth y-o-y (CNB)
by vlad.boldijar@mxp.ro, 2013-01-17
In 3Q2012, the Czech Republic insurance market increased slightly,
to almost CZK 118 billion or EUR 4.7 billion (0.3% more compared
to January-September 2011), as the financial indicators published
by the Czech National Bank (CNB) showed, confirming the market trend
resulting from data collected by the insurers' association. At the
same time, during the reporting period, the insurers paid claims
in the amount of CZK 65.5 billion (EUR 2.6 billion), 3.2% up y-o-y.
More Продолжение
 BUPA
has planned to enter POLAND after one acquisition of EUR 400 million
by vlad.boldijar@mxp.ro, 2013-01-17
The international healthcare group BUPA announced its plan to enter
the Polish market by acquisition worth EUR 400 million of the largest
local private healthcare provider -LUX MED Group. LUX MED is currently
owned by the private equity firm MID EUROPA Partners.
More Продолжение
 LATVIA:
Two brokers have merged to create the 3rd largest company in the
Baltic States
by vlad.boldijar@mxp.ro, 2013-01-17
Shareholders of the insurance brokerage companies BALTO LINK and
A DZIVIBA have agreed to merge their companies in Latvia to create
the 3rd largest insurance brokerage company in the Baltic States,
with over EUR 21 million in annual written insurance premiums and
EUR 3 million in annual commission revenue in total, informs BALTO
LINK.
More Продолжение
 VIDEO: Top
5 risks in 2013: The economic and environmental storms are about
to collide
by andreea.ionete@mxp.ro, 2013-01-17
After a year affected by devastating meteorological phenomena, from
Hurricane SANDY to the floods in China, the specialists estimate
that the failure to adapt to the new climate changes represents the
risk that may have the most important consequences in the next decade
because of poor economic conditions and financial instability.
More Продолжение
|
| ON
THE MOVE |
 Mihaela
COJOCARU, Deputy General Manager, CertAsig
The Managing Board of CertAsig decided to name Mihaela COJOCARU Deputy
General Manager, together with Mihai BLAJAN, who has been occupying
the position of Deputy General Manager starting May 2011. The decision
must be approved by the Insurance Supervisory Commission (CSA).
More Продолжение |
| PRESS
CUTTINGS |
|
| EDITORIAL |
 How
much would you pay for a life?
Far be it from us to propose you a cynical discussion about the
financial evaluation of the human life. However we choose to consider
this matter ... life is priceless. Yet, when it comes to insurance,
there are certain situations when assessing a life's value is instrumental.
What is the right price to pay for a car accident victim?
Read
More
daniela.ghetu@mxp.ro
|
| INTERVIEW |
 Remi
VRIGNAUD
CEO
ALLIANZ-TIRIAC Asigurari
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
|
| EVENTS |
|
With a 46% increase of paid claims in the first
9 months of 2012, the bodily injury claims represent a real issue
for the motor insurance market in Romania. The situation is not
that different compared to other countries in Central and Eastern
Europe, where the evolution of this claims segment represents a
main concern. Thus, this year's edition of the International Insurance
Forum in Istanbul will focus on bodily injury claims as a major
discussion topic.
More Продолжение
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| STATISTIC
UPDATES |
|
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
IV - International Conference "ENERGY
AND INDUSTRIAL INSURANCE IN RUSSIA AND CIS"
February 27-28, 2013
Marriott Grand Hotel
Moscow, Russia
Organizer: IC ENERGY
Media Partner: XPRIMM Publications
- Insurance&Pensions
For details: www.icenergy.co.uk
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
Russian Reinsurance Conference
March 19-20, 2013
President Hotel
Moscow, Russia
Organizers: All-Russian Insurance
Association & Group "DELOVOY Format"
Media Partner: XPRIMM Publications
- Insurance&Pensions
For details: www.re-conference.ru
VI Tashkent International Investment Financial
Forum (TIIF 2013)
April 24-28, 2013
Tashkent, Republic of Uzbekistan
Organizer: SAIPRO
Media Partner: XPRIMM Publications
- Insurance&Pensions
For details: www.saipro.uz
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 |
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