 TOP
NEWS |
 PZU
2012: Net profit up by 38.8%
by daniela.ghetu@mxp.ro, 2013-03-14
The net profit of the PZU Group (according to IFRS) in 2012 amounted
to EUR 795.6 million, 38.8% up y-o-y, while ROE's indicator value
was of 24.0%, 5.7 p.p. higher than in 2011. Gross written premiums
from direct and indirect insurance for 2012 amounted to EUR 3.97
billion (PLN 16,243.1 million), 6.3% up y-o-y in national currency.
The increase in GWP resulted from the growth in sales, especially
of life insurance products (+10.4%).
 More
 TRIGLAV
2012: 55% increase in profit despite the poor economic environment
of Slovenia
by daniela.ghetu@mxp.ro, 2013-03-14
Both TRIGLAV Group, as a whole, and Zavarovalnica TRIGLAV, the Group's
main company, posted higher profits for 2012 than for 2011. While
TRIGLAV Group earned EUR 89.7 million in profit before tax (55% more
y-o-y), Zavarovalnica TRIGLAV reported a EUR 65.6 million gross profit
(21% up y-o-y).
More
 Unaffected
by recession, the Bosnian market increased 3.5% y-o-y
by vlad.boldijar@mxp.ro, 2013-03-14
In FY 2012, the total GWP of BiH insurers totaled EUR 258 million,
which is 3.5% more than in FY2011. By insurance classes, "on
the life segment, the premiums growth was of about 8%, while on the
general insurance segment it was of nearly 2.7%," pointed out Samir OMERHODZIC, Director, Insurance Agency of Bosnia and Herzegovina
(AZOBIH) at the International Insurance Forum 2013.
More  Продолжение
 Montenegrin
market continued its upward trend: over 3% growth in 2012
by vlad.boldijar@mxp.ro, 2013-03-14
In the financial year 2012, the gross premiums written by the Montenegrin
insurers amounted to EUR 66.8 million, representing a very slight
increase, of only 3% y-o-y, as the Insurance Supervision Agency reported.
Compared with FY2011, non-life insurance premiums grew by almost
3 % (to EUR 57.3 million), while the total life insurance premiums
grew by 5% (to EUR 9.5 million).
More Продолжение
 TURKEY:
Shaping the insurance and pensions market in a 10-year plan
by dimitrios.tsoulias@mxp.ro, 2013-03-14
According to a 10-year growth plan presented by the Insurance Association
of Turkey, the Turkish market should become until 2023 one of the
top insurance and pension markets in the world and the biggest in
the region. The plan envisions a quadruplication of the non-life
insurance market, to about EUR 26.6 billion, and a raise of the life
and pensions market up to EUR 174 billion.
More Продолжение
 UNIQA
Group returned to profit in 2012
by vlad.boldijar@mxp.ro, 2013-03-14
According to the FY 2012 preliminary results, the Austrian insurance
group UNIQA recorded earnings before taxes of EUR 205.4 million, "marking
a return to profitability after a loss due to significant non-recurring
effects in the previous year (EUR -322.3 million in 2011)", while the consolidated profit (after taxes and minority interests) amounted
to EUR 130.2 million (EUR -245.6 million in 2011).
More Продолжение
 VIDEO: The
Croatian insurance market is almost ready for the EU accession
by daniela.ghetu@mxp.ro, 2013-03-14
"Although we are witnessing a slight decrease in premium production for forth
consecutive year, the Croatian insurance market remains sound and stable. Considering
the general economic perspectives, we are not really projecting growth for 2013,
but there are some signs of recovery and we are expecting a steady evolution," stated Hrvoje PAUKOVIC, Director of the Croatian Insurance Bureau for XPRIMM.TV.
More Продолжение
 VIDEO: Insurers
should be aware that maintaining low tariffs for MTPL is very risky
in the long run
by daniela.ghetu@mxp.ro, 2013-03-14
"The Turkish insurance market is not doing so well as the country's economy
as a whole, although it is usually expected that the growth dynamics should be
similar," Muzaffer AKTAS, Managing Director with WILLIS Re told XPRIMM.TV at Istanbul. "Yet, the market's perspectives are huge, which is why over 70% of the share capital
of Turkish insurers is now foreign-owned. There is a tremendous growth field
for the foreign, European giants which have already exhausted the growth resources
in their own markets," explained AKTAS.
More
 Romania:
ALLIANZ-TIRIAC business stabilized in 2012, while the investment
result saved its profit
by andreea.ionete@mxp.ro, 2013-03-14
After double-digit drops in premiums in 2010 and 2011, ALLIANZ-TIRIAC
revenues stabilized in 2012, managing even a slight increase of 0.3%,
helped by the positive evolution of life insurance and retail sales
on all non-life lines. The company ended the year with gross written
premiums worth RON 908.9 million.
More
 GREECE:
Getting insured or handing over the license plates?
by dimitrios.tsoulias@mxp.ro, 2013-03-14
Starting 14th April drivers will have to choose whether they will
buy an MTPL insurance policy or give up their vehicles registration
plates.
More Продолжение
 SERBIA:
Slovenian TRIGLAV would like to buy DDOR COMPANY in Serbia. DDOR
representatives say: "We are not for sale"
by lela.sakovic, 2013-03-14
President of the Management Board of the Slovenian TRIGLAV, Matjaz
RAKOVEC, said this company was interested in buying the Croatian
CROATIA Insurance and the Serbian DDOR. After only several days,
this statement caused a stock price jump of TRIGLAV on the Ljubljana
Stock Exchange. The General Manager of DDOR Company, Christian Otto
NOE, characterized this statement as a "creation
of market rumors before serious business intention was expressed" and said that DDOR was not for sale.
More Продолжение
 SCOR's
premiums jumped by 25% in 2012
by vlad.boldijar@mxp.ro, 2013-03-14
The French reinsurer SCOR reported a net income of EUR 418 million
during the FY2012, up by 26.7% y-o-y, while the gross written premiums
increased by 25.2% to EUR 9.51 billion over 2011, helped by a strong
property & casualty
reinsurance business and by the successful integration of the TRANSAMERICA
Re business.
More Продолжение
 ACHMEA
has booked a net profit of EUR 453 million in 2012. "Efficiency increases and cost savings remain high on our agenda"
by vlad.boldijar@mxp.ro, 2013-03-14
"Despite the continually shifting market and economic circumstances",
the Dutch Insurance Group ACHMEA reported for the financial year 2012 a net profit
of EUR 453 million, compared with the EUR 208 million losses in 2011. The company
has set a target for a EUR 200 million reduction of costs by the end of 2015.
More
 GREECE:
Over EUR 5 million in paid claims after the heavy rainfall in late
February
by dimitrios.tsoulias@mxp.ro, 2013-03-14
The paid claims due to the heavy rainfall that devastated the region
of Attica and the whole territory of Greece by the end of February
2013 will be more than EUR 5 million, according to the first data
published by HAIC.
More
|
| INTERNATIONAL
INSURANCE FORUM 2013 |
| PRESS
CUTTINGS |
|
| EDITORIAL |
 What
makes a market's attractiveness?
In the emerging insurance markets of the CEE and CIS regions, motor
insurance is not only the main non-life business line, but almost
without exception, the main component of the entire insurance portfolio.
Moreover, besides this regional characteristic, motor insurance remains,
because of its large addressability and contribution to the cash
flow, a "must
have" item for any non-life insurance undertaker. Therefore, analyzing the motor insurance
business' status and perspectives may be instrumental for any decision
regarding the entrance on a new insurance market.
So, what makes a motor insurance market attractive for the foreign
investors?
Read More
daniela.ghetu@mxp.ro
|
| EVENTS |
| INTERVIEW |
 Dr
Marko CULIBRK
General Manager
DUNAV insurance company
There are 28 insurance companies operating in the Serbian insurance
market- some of them big foreign insurance companies and financial
organisations and funds. Nevertheless, the Serbian insurance market's
potential is huge, as insurance premium account for 80 EUR per citizen,
which is far below the average in the developed European countries.
As such, there is room for further development and appearance of
foreign insurance companies can only have a stimulating effect on
domestic insurers.
More
|
| STATISTIC
UPDATES |
|
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
Organizer: Media XPRIMM
Media coverage: XPRIMM
Publications
For details: www.fiar.ro
|
| ON
THE MOVE |
 Two
new members appointed in the PZU Board
by daniela.ghetu@mxp.ro, 2013-03-14
The Supervisory Board of PZU SA appointed on 15 March 2013 Barbara
SMALSKA and Darius KRZEWINA as members of the Board of PZU SA."Changes
in the composition of the Board of PZU SA are associated with the
transformation model of the PZU Group. According to the new strategy
PZU 2.0, group should be focused on the customer organization. Strengthening
the Management with such experienced managers is the realization
of this ambition, "- said Andrzej KLESYK, CEO of PZU SA.
More |
| STATISTICS |
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