 TOP
NEWS |
 XPRIMM
Annual Forecast Meeting: 3% - 5% growth for the Romanian insurance
market in 2013
by andreea.ionete@mxp.ro,vlad.boldijar@mxp.ro
2013-01-31
On January 28, the leaders of the Romanian insurance industry reunited
during the XPRIMM Annual Forecast Meeting to discuss the expectations
and evolution trends for 2013. For this year, most of them anticipate
a stagnation or a small growth of 3% to maximum 5% of the insurance
market.
 More
 VIG,
FY2012: 9.5% increase in GWP, with a growing share of the CEE business
by daniela.ghetu@mxp.ro, 2013-01-31
Direct, unconsolidated written premiums earned by Vienna Insurance
Group in 2012 amounted to EUR 9.9 billion, up by 9.5% y-o-y. CEE's
share in premiums grew to about 56%, while profit (before taxes)
totaled about EUR 585 million (up by ~ 5% y-o-y). Peter HAGEN, Chairman
of the Managing Board and CEO of the Group, attributed the Group's
achievements in 2012 to "the
strong sales network and the multi-brand strategy," as well as to "the intensive cooperation with ERSTE Group in bancassurance operations."
More
 PZU
Ukraine: Strong growth in underwriting, new image and future expansion
plans
by daniela.ghetu@mxp.ro, 2013-01-31
Following the good 2012 results of its Ukrainian subsidiary, the
Polish PZU Group decided to additionally invest in Ukraine in projects
meant to consolidate the insurance market or to participate in global
projects related to medical and agricultural insurance and pension
reform, as the Group's President, Andrzej KLESYK, stated at a meeting
with the Ukrainian Prime Minister, Mykola AZAROV.
More  Продолжение
 ESTONIAN
insurers' 3Q2012 GWP rise 11% y-o-y
by vlad.boldijar@mxp.ro, 2013-01-31
Estonian insurance companies posted total gross written premiums
of EUR 259 million at the end of September, 2012, 10.9% up as compared
with the previous year, according to quarterly market data published
by the Financial Supervision Authority. Paid claims have increased
by 2%, reaching EUR 145 million.
More Продолжение
 LATVIA,
3Q2012: Insurance sector experienced a 4% growth y-o-y
by vlad.boldijar@mxp.ro, 2013-01-31
The Latvian insurance market witnessed a 3.9% growth in premiums
in January-September 2012, due to the continued appreciation of business
related to the non-life segment, according to The Financial and Capital
Market Commission (FKTK). The total GWP of the Latvian insurance
market in 3Q2012 was about EUR 261 million compared with EUR 251
million a year earlier.
More
 BULGARIA:
Increased rates for motor insurance in 2013?
by olesea.adonev@mxp.ro, 2013-01-31
The insurance market in Bulgaria ended 2012 with a fourth consecutive
year drop, said Roumen GALABINOV, Deputy Chairman of Management Board,
Bulgarian Association of Insurance Brokers. This trend will continue
also in 2013, probably, as motor insurance market stagnates and the
growth possibilities have been exhausted. The main reasons include
the financial crisis, a drastic drop in car sales and a decrease
of the vehicles' insured value.
More Продолжение
 RUSSIA:
Would a national reinsurer be a solution?
by olesea.adonev@mxp.ro, 2013-01-30
The idea of establishing a national reinsurance company in Russia
has existed for quite some time, though different markets' opinions
are divided. Some local players consider that if this were the case,
one wouldn't be able to talk about a free and competitive market
open towards development. Others believe that this is the only way
for the local reinsurance market to develop and stop the phenomenon
of large amounts of money exiting the country.
More Продолжение
 The
Group strategy and Solvency II pushed the Baltic business of ERGO
to ESTONIA
by vlad.boldijar@mxp.ro, 2013-01-31
As xprimm.com announced in January 2012, ERGO Insurance Group merged
its three non-life insurance companies in the Baltic States into
a unique European Company: ERGO Insurance SE (Societas Europaea).
The head office of ERGO Insurance SE has been registered in Estonia.
The Latvian and Lithuanian general insurance companies continue their
business as branches of the European company.
More
 UZBEKISTAN:
The evolution of the insurance market continues
by olesea.adonev@mxp.ro, 2013-01-30
Following specific measures taken by officials in the country to
diversify and make structural changes to the economy, the share of
banking, financial, insurance and leasing, communications/IT and
others in the country's GDP increased from 38.7% in 2005 to 50.5%
in 2011 and to 52.2% by the first half of 2012, according to the
program for developing services in the Republic of Uzbekistan for
2012-2016.
More Продолжение
 SLOVENIA:
6.5% tax on services provided by insurance brokers and agents
by daniela.ghetu@mxp.ro, 2013-01-30
As of 25 December 2012, Slovenia has introduced a new tax on financial
services, reports the local office of KPMG. The Financial Services
Tax Act, establishes the obligation to pay a tax on financial services,
which are generally exempt from VAT, and also on services provided
by insurance brokers and agents.
More Продолжение
 KAZAKHSTAN:
How efficient are the current models for risk management?
by olesea.adonev@mxp.ro, 2013-01-31
The financial crisis had e a serious impact on the risk management
sector in Kazakhstan. Thus, managers and executives have realized
the need to control risk in order to reduce losses, heading towards
insurance, which is the most convenient and affordable protection
tool. This is an important step towards the creation of a risk management
and insurance culture among entrepreneurs.
More Продолжение
 UKRAINE:
How much will the Chernobyl insurance cost this year?
by olesea.adonev@mxp.ro, 2013-01-31
The management of the official state enterprise "Chernobyl
Nuclear Power Plant" in Ukraine has announced an auction for the compulsory insurance contract of
civil liability for nuclear damage, according to the Journal of public
procurement in Ukraine, Forinsurer portal reports.
More Продолжение
 ARMENIA:
Bonus-malus system was introduced on January 1
by olesea.adonev@mxp.ro, 2013-01-31
Since the 1st of January, the Motor Insurers' Bureau of Armenia applied
the bonus-malus system in calculating insurance premiums for MTPL
policies, according to theinsurer.net portal. Under the new system,
drivers who were not involved in a traffic accident between Januarty-September
2012 will receive a discount of 3%.
More Продолжение
 KAZAKHSTAN:
The state will establish an insurance scheme against natural disasters
by olesea.adonev@mxp.ro, 2013-01-31
During the meeting for the analysis of the 2012 results and the objectives
set out in the state program "Development
Strategy to 2050", the Kazakhstan president stressed that a key objective is to develop a system
of social insurance against natural disasters. This request comes
after last week's hurricane that hit the South of Kazakhstan. According
to preliminary data, the economic losses caused by the hurricane
amounted to USD 17 million.
More Продолжение
 AZERBAIJAN:
The insurance market is aiming to attract foreign investors
by olesea.adonev@mxp.ro, 2013-01-31
Azerbaijani Finance Minister Samir SHARIFOV approved a rule that
allows foreign investors to raise the share of capital in local insurance
companies from 10% to 30%, the portal abc.az reports.
More Продолжение
|
| ON
THE MOVE |
 Scott
PICKERING responsible for WILLIS' operations in CEE
by daniela.ghetu@mxp.ro, 2013-01-30
Starting this year WILLIS' Continental European operations will be
divided into two distinct regions, one encompassing Western Europe
and the other encompassing Central and Eastern Europe. Scott PICKERING,
currently CEO South Africa and Regional CEO Middle East and Africa,
will assume additional responsibilities for WILLIS's Central and
Eastern European operations, while Alberto GALLEGO, currently General
Manager of WILLIS Iberia, has been appointed CEO WILLIS Western Europe.
More Продолжение
 Flavio
PICCOLOMINI appointed CEO for MARSH Continental Europe, CIS, and
Turkey
by daniela.ghetu@mxp.ro, 2013-01-30
At the end of 2012, MARSH announced the appointment of Flavio PICCOLOMINI
to the new role of CEO of MARSH Continental Europe, CIS, and Turkey,
in addition to his current responsibilities as CEO of MARSH Italy.
At the same time, Martin SOUTH, former CEO of MARSH Europe and CEO
of MARSH UK, has been appointed CEO of MARSH Asia-Pacific.
More |
| PRESS
CUTTINGS |
|
| EDITORIAL |
 Motor
insurers on thin ice
Optimistic or not, all analysts agree that 2013 will be - again -
a challenging year. The macroeconomic environment remains volatile,
still affected by the potential impact of the sovereign debt defaults
and recession-driven difficulties. Low interest rates will further
affect the financial results of insurers. Moreover, they will need
to recalibrate their systems and operations in response to the new
regulations. Altogether, the best case scenario shows a year of hard
work and continuous change.
Read
More
daniela.ghetu@mxp.ro
|
| EVENTS |
| INTERVIEW |
 Andrey
T. UNTON
Deputy Director General
BELARUS Re - Republican Unitary Enterprise "Belarusian
National Reinsurance Organization"
Analyzing the situation in respect of the main types of risks in 2012,
the international reinsurance market continues to hold excess insurance
and reinsurance capacity. No peculiar preconditions to change an established
trend in 2013 are in view, so we can expect a further gradual reduction
of insurance rates.
More Продолжение
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| STATISTIC
UPDATES |
|
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
VII International Conference "Insurance
in Central Asia"
April 11-12, 2013
Holiday Inn Hotel
Almaty, Kazakhstan
Organizer: INTERCONSULT Info
Media Partner: XPRIMM Publications
- Insurance&Pensions
For details: www.allinsurance.kz
IX Annual International Risk Management Conference
April 18-19, 2013
Almaty, Kazakhstan
Organizer: EURASIA Insurance
Company
Media Partner: XPRIMM Publications
- Insurance&Pensions
For details: www.IRMC.kz
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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