 TOP
NEWS |
 Profitability in motor insurance - under debate in Istanbul, at IIF2013
Only 9 days left for late registrations!
by adina.tudor@mxp.ro, 2013-02-14
Every time the non-life insurers’ profitability issue comes under debate in
the emerging markets of the CEE and CIS regions, discussion inevitably focuses
on the profitability, or the lack of it, on the motor insurance lines. Considering
their over 50% share in the regional portfolio, it is obvious that motor insurance
classes need a special attention. IIF 2013 will bring into the spotlight this
issue, benefitting from the presence of a large array of reputed speakers, as
well as of a new editorial premiere branded XPRIMM: the Motor Insurance Report
– CEE, Turkey & CIS.
 More
 Torbjorn
MAGNUSSON elected Vice-president of INSURANCE EUROPE
by vlad.boldijar@mxp.ro, 2013-02-14
Torbjorn MAGNUSSON, President and CEO of Sweden's If P&C
Insurance, has been elected, for a period of three years, vice-president
of INSURANCE EUROPE, the European insurance and reinsurance federation.
More
 PZU:
Over 3,000 jobs put in question until June 2013
by daniela.ghetu@mxp.ro, 2013-02-14
Over 3,000 PZU employees will see their job put under the question
mark in the first half of 2013, as according to the previously announced
restructuring plan, PZU SA and PZU Zycie SA will reduce their staff
by 630 positions, while for other 2,515 employees the company intends
to change the working conditions and wages.
More
 VIDEO: In
2013, GOTHAER will invest EUR 8 million in Romania
by andreea.ionete@mxp.ro, 2013-02-14
Last week, GOTHAER Group officially announced their entrance on the
Romanian insurance market, after buying the majority stake of PLATINUM
Asigurari Reasigurari. For the company's development, the Germans
will invest EUR 15 million on a medium term, starting with EUR 8 million
this year. For the next 5 years, GOTHAER Asigurari Reasigurari, as
the company was rebranded, aims at reaching a business volume of EUR
60 million, at extending its activity in the main urban areas and
at creating 250 new jobs. The company will focus on the retail segment
and SMEs, with insurance products and services clearly differentiated
from the classic ones and pioneer products for the emerging markets,
such as renewable energy.
More
 CZECH
REP., 2012: CP unveiled insurance frauds in amount of EUR 17 million
by vlad.boldijar@mxp.ro, 2013-02-14
CESKA Pojistovna (CP), the largest insurance company in the Czech
Republic, reported insurance frauds amounting to almost CZK 422 million
(close to EUR 17 million) last year.
More
 MUNICH
Re, FY2012: Profit up 4.5 times to EUR 3.2 billion
by vlad.boldijar@mxp.ro, 2013-02-14
MUNICH Re, the world's biggest reinsurer, reported that its profit
increased by almost fivefold in 2012, to EUR 3.2 billion (previous
year: EUR 0.71billion) on lower losses from natural catastrophes.
This value exceeds the estimate made by the company in November last
year - EUR 3 billion.
More
 CROATIA,
FY2012: The fourth consecutive year-end in red
by vlad.boldijar@mxp.ro, 2013-02-14
As in previous reporting periods, the activity of Croatian insurers
is still influenced by the macroeconomic indicators, such as the economic
growth, unemployment or the real income. Last year, 12 out of the
27 insurers recorded decreases in GWP. Practically, in 2012, the Croatian
insurance market totaled HRK 9.04 billion (EUR 1.19 billion), 1.17%
down from a year earlier, according to the financial data published
by Croatian Insurance Bureau (HUO).
More
 AON
plc posts 1% rise in net profit in 2012
by vlad.boldijar@mxp.ro, 2013-02-14
AON plc, the global provider of risk management, insurance and reinsurance
brokerage, and human resources solutions and outsourcing services,
reported for the 2012 financial year, a revenue growth of 2%, to USD
11.5 billion. Organic revenue growth was 4%, partially offset by a
2% hit from foreign currency exchange rates. By divisions, Risk Solutions
total revenue increased 1% to USD 7.6 billion and HR Solutions total
revenue increased 4% to USD 3.9 billion.
More
 ACE
FY2012: Profit rises despite SANDY losses
by vlad.boldijar@mxp.ro, 2013-02-14
The Swiss-based P&C insurer ACE increased
its profit by 13% to USD 2.6 billion (USD 2.5 billion) in 2012, despite
USD 502 million (USD 480.5 million) of pre-tax losses due to super-storm
SANDY paid in the fourth quarter.
More
 LITHUANIA,
FY2012: Spurt in life insurance raised the entire market
by vlad.boldijar@mxp.ro, 2013-02-14
After shrinking in the first quarters of 2012, Lithuania's life insurance
sector gained momentum and recorded an annual increase of 2.5% towards
the end of the year. Last year the entire insurance market grew by
5.2%.
More
 EUROINS
Insurance Group sees GWP growth of 27.1% in 2012
by vlad.boldijar@mxp.ro, 2013-02-14
For the financial year 2012, the Bulgarian insurance group EUROINS
reported a 27.1% increase in GWP, to EUR 151.4 million, as shown by
the preliminary non-audited data published by the group.
More
 REP.
MOLDOVA: "From the 1st of February, MTPL and Green Card insurance policies will be issued
online. Those with claims will pay up to two times and half more."
by oleg.doronceanu@mxp.ro, olesea.adonev@mxp.ro,
2013-02-14
From the 1st February, the compulsory MTPL and Green Card insurance
policies will be issued only in electronic form, according to the
decision taken by the Supervisory Authorities of Moldova. Discussions
for the implementation of such a system began in 2009 due to several
delays provoked by technical and institutional aspects. According
to Vladimir STIRBU, General Director of the Insurance Supervisory
Authority of CNPF, the processing of an insurance contract in normal
conditions takes about one minute. Also, those who buy the MTPL insurance
policy will pay according to their risk profile which will be determined
by the number of accidents they produced over the previous year.
More
 ASTRA
aims for Latin America with a higher rating than Romania
by andreea.ionete@mxp.ro, 2013-02-14
ASTRA Asigurari recently announced that it will continue its plans
to enter various foreign markets by expanding its activity in Latin
America. The first step will be the Ecuador, and in the next two years,
the insurance company will develop its business in Peru, Colombia
and Bolivia. Thus, the insurer confirms the strategy it initiated
three years ago by entering Ukraine, then Germany and Slovakia. The
value of the investments made in ASTRA's foreign branches is approximately
EUR 8 million.
More
 ALBANIAN
insurers FY2012 GWP up 7.4% y-o-y
by vlad.boldijar@mxp.ro, 2013-02-14
Albanian insurance companies posted combined gross written premiums
of ALL 8.9 billion (EUR 64 million) at the end of 2012, or 7.38% more
y-o-y, according to the financial data published by the Albanian Financial
Supervisory Authority (FSA). Despite this increase, during FY2012,
the number of signed insurance contracts was 1,057,821 or 19% less
compared with year 2011.
More
 KOSOVO,
FY2012: CBK reported a 4.4% y-o-y increase in GWP to EUR 81.5 million
by vlad.boldijar@mxp.ro, 2013-02-14
At the end of 2012 Kosovo's insurers posted total gross written premiums
of EUR 81.5 million, up 4.4% y-o-y, according to the financial figures
published by the Central Bank of the Republic of Kosovo (CBK). During
2012, the number of policies sold by insurance companies was 757.2
thousand, representing an annual increase of 25%.
More
|
| ON
THE MOVE |
 Theodoros BARDIS is the new General Manager of GARANTA Asigurari
by adina.tudor@mxp.ro, 2013-02-14
Theodoros BARDIS was appointed General Manager of GARANTA Asigurari. He replaces the former leader, Gerasimos GAZIS, who remains a Member of the Managing Board. "GARANTA has always been a company that focused on bank-assurance, good risk management and profitability. We are going to keep all of the above aspects that are of major importance to our business. But at the same time we would like to become more open as a company and more sales oriented," stated Theodoros BARDIS, General Manager, GARANTA Asigurari.
More |
| PRESS
CUTTINGS |
|
| EDITORIAL |
 Love
and ... Revenge?
Life insurers could see in Valentine's Day a good occasion for speaking about
protecting your loved ones and their future financial stability.
But we have chosen to use this opportunity for speaking about a "love - hate" relationship: the one established between motor insurers and their customers.
Read
More
daniela.ghetu@mxp.ro
|
| EVENTS |
| INTERVIEW |
 Vitalie
BODEA
General Director, MOLDASIG
We have started with 3 and now we are at 800 employees and a 30% share
of the market. In the 10 years of the financing, MOLDASIG aims for returns
and profit.
More
|
| 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
|
| STATISTICS |
|
