 TOP
NEWS |
 Eugene
GURENKO - World Bank, Artur BOROWINSKI - VIG and Ajeet PHATAK
- SWISS Re Europe are keynote speakers at FIAR 2013
by adina.tudor@mxp.ro, 2013-05-09
The World Bank, VIENNA Insurance Group, SWISS Re, MILLI Re, WILLIS
Re, JLT Re and ORACLE are among the international companies delivering
industry experts on the keynote speakers line-up at the 16th edition
of FIAR - International Insurance-Reinsurance Forum. The event takes
place between the 19th and 23rd of May in Sinaia, Romania and includes
9 conferences and workshops dedicated to the insurance and reinsurance
industry.
 More
 BULGARIA,
FY 2012: Higher profitability despite the still lowering premium
production
by daniela.ghetu@mxp.ro, 2013-05-09
The insurance market in Bulgaria ended 2012 with a fourth consecutive
year drop, of 0.6%, to a total GWP volume of EUR 820.19 million.
In fact, looking back to the last 5 years, one would notice that,
although still "in
red", the market shows a stabilizing trend, with two consecutive years of falling
by 0.6%, after the 3.45% and 7% decreasing rates recorded in 2010
and 2009, respectively.
More  Продолжение
 SLOVAK
Rep. FY2012: Premiums up 4%, profit down 20%
by vlad.boldijar@mxp.ro, 2013-05-09
The 23 members of the Slovak Insurance Association (SLASPO) reported
for the financial year 2012 a total volume of gross written premiums
of EUR 2.1 billion. The value is 3.7% higher as compared with audited
figures published by The National Bank of Slovakia (NBS) for FY2011.
More
 James
GRINDLEY: For the corporate insurance market I do not predict much
online development
by adina.tudor@mxp.ro, 2013-05-09
The online insurance market has a larger development potential on
the retail segment, compared to the corporate sector. "Online
selling and quoting is increasing for certain retail insurance products
such as motor or household where the products, terms and conditions
are fairly standard and commoditized. For the corporate insurance
market, I do not predict much online development", James GRINDLEY, CEO and President of the CertAsig Managing Board, explained.
More Продолжение
 ALLIANZ
reported increasing profits in 2013's first quarter
by vlad.boldijar@mxp.ro, 2013-05-09
For the first quarter of 2013, ALLIANZ achieved total revenues of
around EUR 32 billion, announced the German insurance group. This
represents an increase of 6.6% compared with the revenues in the
previous year's first quarter, of EUR 30.1 billion.
More Продолжение
 SAVA
Re reported for FY2012 a tripling of the net profit and an increase
of 5% in GWP
by vlad.boldijar@mxp.ro, 2013-05-09
The SAVA Re Group earned a net profit of EUR 11.8 million in 2012,
which is almost three times the 2011 figure, while the GWP of EUR
270.7 million was up by almost 5% over/since 2011.
More Продолжение
 ASTRA
Asigurari could pay the largest D&O claim in Romania due to OLTCHIM's collapse
by mihai.cracea@mxp.ro, 2013-05-09
The Romanian chemical company OLTCHIM Ramnicu Valcea will demand
from ASTRA Asigurari indemnities worth EUR 10 million on a directors
and officers liability insurance (D&O)
policy contracted by the former management team, declared the lawyer
Gheorghe PIPEREA, one of the insolvent company's judicial administrators.
More Продолжение
 UKRAINE
is expecting further reduction in the number of insurance companies
by olesea.adonev@mxp.ro, 2013-05-09
At the end of 2012, on the Ukrainian market there were 414 registered
and active insurers, which were 28 less than in 2011. Last year,
by decision of the State Commission for Regulation of Financial Services
Markets in Ukraine were eliminated another 26 non-life and 2 life
insurance companies. Moreover, about 200 companies froze their activity
(they occupy not more than 1% of the market) and are not able to
create any competition on the market.
More Продолжение
 SERBIA,
FY 2012: Currency depreciation pushes market's dynamic under the
zero line
by daniela.ghetu@mxp.ro, 2013-05-09
With a 1.3% annual decrease in GWP, the Serbian insurance market
mirrored the recession challenging the country in 2012. The mentioned
decrease rate corresponds to the market figures denominated in European
currency and is obviously affected by the 8% depreciation of the
Serbian currency in relation to Euro. Thus, in Serbian Dinars, the
insurance market showed a positive evolution last year, of 7.2%.
More
 MARSH & MCLENNAN's
Q1 net profit up 19%
by vlad.boldijar@mxp.ro, 2013-05-09
MARSH & MCLENNAN Companies reported for the first
quarter of 2013 an operating income of USD 607 million, representing
a 15% increase y-o-y, while the consolidated revenue was USD 3.1
billion, or 2% more y-o-y. The adjusted operating income rose by
16%, to USD 615 million, while the net income attributable to the
Company was USD 413 million (or USD 0.74 per share) compared with
USD 347 million (or USD 0.63 per share, in 1Q2012).
More Продолжение
 Higher
revenue and income for AON in Q1
by vlad.boldijar@mxp.ro, 2013-05-09
USD 2.9 billion was the total revenue reported by the risk and insurance
brokerage service provider AON for the first quarter of 2013. The
figure is 2% higher compared with the same period a year earlier.
At the same time, AON's net income increased by almost 10% y-o-y,
to USD 261 million.
More Продолжение
 EUROINS,
1Q2013: The Romanian market maintained the EIG figures "in black"
by vlad.boldijar@mxp.ro, 2013-05-09
For the first three months of the current year the GWP of the Bulgarian
insurance group EUROINS registered a 5.7% growth, reaching EUR 40.9
million compared with EUR 38.7 million for January-March 2012, according
to preliminary data published by the group.
More Продолжение
 SGPC
premiums up by 6% on 1 April
by vlad.boldijar@mxp.ro, 2013-05-09
The French reinsurer SCOR Global P&C
(SGPC) has recorded a premium growth of 6% at constant exchange rates
with regard to the EUR 386 million of premiums up for renewal on
1 April 2013.
More Продолжение
 Profit
up by 9.6% for CROATIA Osiguranje Group in 1Q2013
by vlad.boldijar@mxp.ro, 2013-05-09
CROATIA Osiguranje reported a gross profit amounting to HRK 35.6
million (cca. EUR 4.7 million) for 1Q2013, which is an increase of
34.5% as compared with the same period of the previous year, according
to the press release published by the insurance group on The Zagreb
Stock Exchange web-site.
More Продолжение |
| PRESS
CUTTINGS |
|
| EDITORIAL |
 A
challenged reputation
In the years before the crisis, the CEE countries have built a strong
reputation in what the insurance business was concerned. They were
clearly and without any doubt recognized as a growing reservoir of
the European insurance industry. How much of this reputation has
survived to the five years of economic hardship? Should one expect
an equivalent delay in reaching the region's potential or maybe the
changes determined by the crisis were deeper, totally changing the
course of evolution in the region? Read
More
daniela.ghetu@mxp.ro
|
| INTERVIEW |
 Samir
OMERHODZIC
Director
Insurance Agency of Bosnia and Herzegovina
The last quarter of 2012 confirmed that in the last year Bosnia and
Herzegovina found itself in a recession for the first time since
the global financial crisis of 2009. In this context, the most important
factors that influenced the insurance market's development would
be the absence of major capital investment, slower economic growth
and rising of unemployment.
More
|
| STATISTIC
UPDATES |
| POINT
OF VIEW |
 Juris
STENGREVICS
Chairman of the Board
Motor Insurers' Bureau of Latvia
Despite the fact that the MTPL insurance is quite a small part of
the whole non-life insurance market in Latvia (in the year 2012,
holding about 13% of it, according to The Financial and Capital Market
Commission statistics), we see the MTPL insurance as a significant
part of the Latvian non-life insurance market. This insurance mode
is compulsory according to the national law and attracting customers
is essential, thus, interesting for insurance companies.
More |
| STATISTICS |
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