 LIVE
FROM KAZAKHSTAN |
 The 7th edition of the International Conference "Insurance in Central Asia" began today
by oleg.doronceanu@mxp.ro, olesea.adonev@mxp.ro,
2013-04-11
The International Conference "Insurance
in Central Asia", a traditional event for the insurance and reinsurance leaders in Central Asia,
CSI and CEE countries, began today, April 11, in Alma-Ata, Kazakhstan.
The panel speakers will debate for the next two days the main problems
of the industry concerning Kazakhstan's joining the WTO, as well as
the unique insurance market.
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 The FY2012 growth rate will be maintained in 2013
by oleg.doronceanu@mxp.ro, vlad.boldijar@mxp.ro,
2013-04-11
Insurance companies from Kazakhstan ended 2012 with a 20% increase
in gross written premiums, to KZT 237 billion (EUR 1.2 billion),
as compared with KZT 199 billion (EUR 1 million) a year before. Claims
paid by insurers amounted to KZT 76 billion (EUR 380 million), rising
by 64% y-o-y, according to the official data announced today during
the VIIth International Conference "Insurance
in Central Asia" in Almaty.
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| TOP
NEWS |
 SLOVENIA:
EUR 73.2 million net profit for TRIGLAV Group in 2012
by daniela.ghetu@mxp.ro, 2013-04-11
The net profit of the TRIGLAV Group in 2012 amounted to EUR 73.2 million,
54% higher y-o-y, whilst the net profit of the parent company, Zavarovalnica
TRIGLAV, counted up to EUR 50.4 million, 15% y-o-y. The returns on
equity of both the TRIGLAV Group and Zavarovalnica TRIGLAV d.d. in
2012 were again higher than expected. At the Group level the return
was 13.8% or 4.2 pp higher than in 2011, a result that excelled the
ROE target for 2015 (i.e. 12%). In Zavarovalnica TRIGLAV alone ROE
improved by 1.1 pp, to 10.7%, and was closer to the targeted level
than in 2011.
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 HUNGARY:
tax on insurance companies brought in EUR 14 million for state coffers
in February
by daniela.ghetu@mxp.ro, 2013-04-11
The evolution of the Hungarian public budget attracted particular
attention from the financial analysts in February, as the first payment
of several new taxes was due then. The financial transaction tax (FTT)
brought in ~EUR 45.7 million (HUF 13.37 billion), about half of the
average monthly government's cash flow FTT target for this year. The
insurance industry's contribution to this amount was of about EUR
14 million (HUF 4.1 billion).
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 The
CZECH Rep. FY 2012: Higher profitability despite the stagnant trend
in underwriting
by daniela.ghetu@mxp.ro, 2013-04-11
The Czech insurers ended 2012 with a EUR 603.6 million aggregated
profit before taxes, a 36.3% higher figure than in 2011, despite the
stagnant trend of the underwriting activity. In terms of gross written
premium, last year's results are fairly comparable with 2011 figures,
with a total premium production of EUR 6.1 billion, 1.6% higher y-o-y
considering the values of the main market indicators denominated in
Euro. In national currency, GWP amounted to CZK 153.6 billion, almost
1% less than in 2011.
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 ROMANIA:
Property insurance decreased under the 2008 level
by vlad.boldijar@mxp.ro, 2013-04-11
In 2012, the property insurance segment reported a gross written premium
volume of EUR 280 million, decreasing by 12% as compared with the
previous year or by EUR 8 million in absolute value in comparison
with 2008, according to data published by the latest issue of INSURANCE
Profile. The underwritings on the damage to property, fire and allied
perils insurance segments represented less than 15% of the market.
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 ROMANIA:
Insurers lost almost EUR 81 million from MTPL
by andreea.ionete@mxp.ro, 2013-04-11
In 2012, the 11 Romanian insurers authorized to sell MTPL insurance
reported a 10% increase of their business volume, which totalized
RON 2.1 billion (EUR 471.2 million), while paid claims increased by
11%, reaching RON 1.8 billion (EUR 403.9 million). The gross paid
claims ratio evolved positively this year, reaching 81% compared to
97% at the end of 2011. In this context, in 2012, the combined ratio
for the entire MTPL market decreased to 117%, compared to 2011, when
it reached 131%. This means that for each RON 100 (EUR 22.44) gained,
the MTPL insurers paid RON 117 (EUR 26.25), leading to a net technical
loss of 17% on the MTPL portfolio of EUR 81 million.
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 AZERBAIJAN,
FY2012: The market grew by 61% y-o-y. For 2013, MOF predicts a growth
of 20%
by vlad.boldijar@mxp.ro, 2013-04-11
The insurance market of Azerbaijan totaled at the end of 2012 almost AZN 343
million (or EUR 330 million), marking an increase rate of 60.8% y-o-y, while
the payments amounted to AZN 94 million (52% more), as the financial data published
by the insurance market authority showed.
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 LATVIAN
insurance market grew by 10% in 2012
by vlad.boldijar@mxp.ro, 2013-04-11
Latvian insurance market had a 10% growth rate in 2012, especially
due to the good dynamic reported by the non-life insurance segment:
GWP amounted to LVL 249 million (or EUR 354 million), 9.6% y-o-y up.
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 ESTONIA,
FY2012: Non-life insurance driving the double-digit increase of the
local market
by vlad.boldijar@mxp.ro, 2013-04-11
In 2012, the gross written premiums of insurance companies in Estonia
marked a double-digit increase of 10.6% y-o-y. In absolute values,
the insurance market has gained in GWP more than EUR 33 million: from
EUR 312 million in 2011 to EUR 345 million in December 2012.
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 RUSSIA:
How many professional associations specialized in agricultural insurance
should exist?
by olesea.adonev@mxp.ro, 2013-04-11
The agricultural insurers in Russia want to form a unique association
similar to the Motor Insurance Bureau. "We
are currently discussing the possibility of creating a professional
association formed by all the Russian insurance companies authorized
to sell agricultural insurance. Thus, the legislation should be unified
and readjusted in order to improve the entire agricultural system," declared Nikolai FIODOROV, the Minister of Agriculture, quoted by Forinsurer.
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 UKRAINE:
Which of the international models of agricultural insurance is suitable
for the CIS countries?
by olesea.adonev@mxp.ro, 2013-04-11
A variety of agricultural insurance markets existing in countries
such as Ukraine, Russia, Georgia, Poland, Austria, Turkey, Israel,
South Africa, and others were discussed during The international conference
Agricultural Insurance, Reinsurance & Brokerage
in CIS, Europe and Asia, held in Kiev, on March 4-6, 2013.
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 GEORGIA,
FY2012: Health above all
by vlad.boldijar@mxp.ro, 2013-04-11
The Georgian insurance market ended the financial year 2012 in black,
as gross written premiums increased by 60.5% y-o-y to GEL 515 million
(EUR 236 million), as the National Bank of Georgia reports. About
three quarters of this value was generated by only one segment: health
insurance.
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 BELARUS,
FY2012: The market was "hit" by a double-digit increase in GWP and profit
by vlad.boldijar@mxp.ro, 2013-04-11
The Belarusian insurance market continued its upward path stagnating
last year as the local insurance companies collected premiums worth
BYR 4,338 billion (EUR 382 million), up by over 83 percent y-o-y,
informed the Belarusian Association of Insurers. In terms of paid
claims, the Association reports a 4% y-o-y increase, the 24 market
players paying almost BYR 2,065 billion (EUR 182 million).
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| PRESS
CUTTINGS |
|
| EDITORIAL |
 Buying
reinsurance in CEE
A few days after the L’Aquila earthquake four years anniversary, it is maybe
the right time to bring into question the CAT risks insurance issue.
Although since the 6th of April, 2009 dramatic moment no other European
catastrophic event produced such an impressive result, the peril
is still out there and the European countries with a high CAT risk
exposure should be prepared. With this in mind, a natural question
arises: are we really prepared to face the human and financial losses
of a great catastrophic event? Or maybe, hardly challenged by the
financial turmoil which has shaken Europe in the latest years, we
are taking advantage of the relative respite in terms of natural
disasters to ignore the problem? Read
More
daniela.ghetu@mxp.ro
|
| INTERVIEW |
 Mrs.
Enkeleda SHEHI
Chairperson
Albanian FSA
The year 2013, albeit showing early signs of growth, is expected
to be a difficult year for the insurance market, mainly due to the
pricing transition the MTPL portfolio is undergoing. On average DMTPL
premiums have almost doubled in 2012 compared to 2011, but the pricing
instability and the fierce competition also play their role, in taking
away from the market its real growth potential and delaying the penetration
in other insurance classes.
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|
| STATISTIC
UPDATES |
| EVENTS |
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
See the full Forum's program here
Organizer: Media XPRIMM
Media coverage: XPRIMM
Publications
For details: www.fiar.ro
June 20-21, 2013
Baku, Republic of Azerbaijan
Organizers: Azerbaijan Insurers
Association and Media XPRIMM
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| EVENTS |
| EVENTS |
| STATISTICS |
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