 TOP
NEWS |
 BELARUS
Re has been implementing the IFRS system
by olesea.adonev@mxp.ro, 2013-08-08
At the present time in Belarus there has been a convergence of the national public
accounting concepts and International Financial Reporting Standards (IFRS). The
transition of Belarus business entities to IFRS should be completed by 2017.
 More  Продолжение
 TRANSSIBERIAN
Re: 35% growth for net written premiums in 1H2013
by olesea.adonev@mxp.ro, 2013-08-08
TRANSSIBERIAN Re reported reinsurance premiums of RUB 368.4 million
in 1H2013, up 18.5% over the same period of last year, out of which
38% came from foreign partners, according to the report of the Russian
reinsurance company.
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 ALLIANZ
1H2013: The record Central European floods didn't change the upward
trend of the group
by daniela.ghetu@mxp.ro, 2013-08-08
"We can look back on a very successful first half year overall," said
Michael DIEKMANN, CEO of Allianz SE on the occasion of the half year results
presentation. "Although we faced record floods in Central Europe, persistent low interest rates
and erratic capital markets, our business continued to grow profitably." Quarterly revenues of EUR 26.8 billion were 6.3% above the EUR 25.2 billion
achieved in the second quarter of 2012, while operating profit rose by 5.2% y-o-y,
to EUR 2.4 billion.
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 GENERALI,
1H2013: The ongoing restructuring process already show the first
results
by daniela.ghetu@mxp.ro, 2013-08-08
The first half of 2013 ended for the Italian group GENERALI with "the
best half-year result for the last five years", according to Mario GRECO, GENERALI Group CEO. Net profit over passed the EUR
1 billion threshold (+28.4% to EUR 1,081 million, as compared to
EUR 842 million in 1H2012), while the operating result stood at EUR
2,378 million (+5.3%) sustained by the excellent premium income in
Life and P&C and higher business margins.
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 CZECH
Rep 1Q2013: a calm quarter before the spring flooding
by daniela.ghetu@mxp.ro, 2013-08-08
The Czech insurance market showed in 1Q2013 its traditional quiet
evolution, recording a 3.30% growth of the GWP volume, to CZK 41
billion, a positive evolution common to both life and non-life insurance
lines. However, denominated in euro, the figures look somehow different,
due to the 4% Croon's exchange rate depreciation y-o-y. Thus, the
total GWP volume calculated in euro amounted to EUR 1.59 billion,
0.7% less than in 1Q2012.
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 HUNGARY
1Q2013: market trend "reversed" by the currency depreciation
by daniela.ghetu@mxp.ro, 2013-08-08
The volatility of the national currency exchange rate is once again
affecting the market results when denominated in euro - thus, the
almost 1% growth in the total GWP volume turns into an almost 2%
fall when the market results are denominated in European currency.
Yet, the situation is not changing so drastically when looking separately
to the two main business line: the life insurance segment recorded
a positive trend regardless the currency used, while the fall in
non-life insurance premiums is visible both in HUF and euro.
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 SLOVENIA
1Q2013: Health insurance balances the non-life segment
by daniela.ghetu@mxp.ro, 2013-08-08
The first quarter of 2013 confirmed the slightly downward trend installed
on the Slovenian insurance market in 2012. Thus, local insurers ended
the first three months of the current year with underwritings of
EUR 567.6 million, 1.12% down as compared with the same period of
2012. In fact, the negative trend was driven by the continuous decreasing
underwritings on the life insurance side, while on the non-life segment
the overall business volume remained stable, at a comparable level
with the one recorded in 1Q2012.
More Продолжение
 SLOVAKIA,
1Q2013: Insurance market increased slightly due a 6% growth on life
by vlad.boldijar@mxp.ro, 2013-08-08
In the first quarter of 2013, Slovak insurance market totaled almost
EUR 573 million, representing an increase of 1.7%, according to the
financial figures published by the National Bank of Slovakia (NBS).
The positive market trend was determined by the increase of 6% in
the volume of life insurance, to EUR 286 million, this type of policies
generating 49.97% of the total insurance market. The non-life insurance
segment accounted for about EUR 286.5 million (or 50.03%), 2.4% less
y-o-y.
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 BELARUS:
Insurance up 96% in 1Q2013
by vlad.boldijar@mxp.ro, 2013-08-08
Belarusian insurance market totaled BRY 1,749 billion (equivalent
of EUR 157 million) during the first three months of 2013, up by
95.8%, compared to January-March 2012, The Belarusian Association
of Insurers reported. Meanwhile, the total value of claims paid by
the insurance companies during January-March 2013 period reached
BYR 580 billion or EUR 52 million.
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 ESTONIA,
1Q2013: The double-digit growth rate pushed the market to EUR 110
million
by vlad.boldijar@mxp.ro, 2013-08-08
In January-March 2013, the gross written premiums of insurance companies
in Estonia increased by 23.75%, reaching EUR 110 million, compared
with total volume of premiums in the correspondent period of 1Q2012.
Claims paid by insurers amounted to EUR 61.30 million according to
official data published by the Financial Supervision Authority of
Estonia.
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 Business
of EUR 106 million for ALLIANZ-TIRIAC; the portfolio's claim rate
improved in the first semester
by andreea.ionete@mxp.ro, 2013-08-08
ALLIANZ Group's business in Romania maintains its tendency of stabilization
after the first half of 2013, ALLIANZ-TIRIAC Asigurari closing the
first semester with underwritings reaching EUR 106 million, EUR 1
million more compared to the same period last year. The operational
profit in the first six months remained at EUR 3 million - EUR 1
million on life insurance and EUR 2 million on non-life insurance,
indicating the improving of the underwritings results and of the
claim rate on the non-life insurance segment.
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 SCOR
net income down 8% for 1H2013
by vlad.boldijar@mxp.ro, 2013-08-08
The French reinsurer SCOR posted net income of EUR 189 million during
the January-June 2013, as compared with EUR 206 million in the first
half 2012, while the reinsurance group's gross premium written increased
7.5% to EUR 4.98 billion.
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 GROUPAMA
returned to profitability in 1H2013
by vlad.boldijar@mxp.ro, 2013-08-08
The
French insurer GROUPAMA reported for 1H2013, a positive net result
of EUR 187 million, compared with EUR -589 million at the end of
2012, or with EUR -87 million at 30 June 2012. "GROUPAMA
returns to profitability after two difficult fiscal periods. Everyone's
dedication and commitment are hence rewarded. Our strategy ensuring
our policyholders' satisfaction is actually driving the group into
a new dynamism", stated GROUPAMA's CEO Thierry MARTEL.
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 ROMANIA
FY2012: the seventh year in a row with negative financial results
- EUR 72 million losses
by vlad.boldijar@mxp.ro, 2013-08-08
The Romanian insurance market closed 2012 with a negative financial
result of RON 322.6 million (EUR 72.2 million), according to the
Annual Report of former CSA, now integrated in the Financial Supervisory
Authority Council (ASF). Thus, 2012 becomes the 7th year in a row
in which the Romanian insurance market reports losses, with the third
largest loss in the past 12 years, after 2008, when the market reported
losses reaching RON 582.5 million (EUR 158.2 million) and 2011 (losses
of RON 325.9 million/ EUR 76.9 million).
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 43%
of the houses in Romania were insured at the end of 2012
by andreea.ionete@mxp.ro, 2013-08-08
As a result of the multiple regulatory changes which generated confusion
among the consumers, over 1.3 million home insurance policies were
not renewed at the end of 2012, thus the number of active contracts
decreasing by 1.06 million on the voluntary household insurance segment
and by 243,000 on the mandatory household insurance segment, compared
to 2011. At the end of 2012, only 43% of the Romanian houses were
insured, after 2011, when this percentage had reached a maximum value,
of 60% (The National Statistics Institute estimates that Romania's
housing stock includes 8.5 million houses).
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 AXA
Group increases its stake in Azerbaijani insurer AXA Mbask to 84%
by alina.ciobanu@mxp.ro, 2013-08-08
French AXA Group has increased its stake in the Azerbaijani AXA MBASK
insurance company, according to the informational portal Trend.
More Продолжение
 Increases
in insurance activity and decreases in motor sales for EUROHOLD in
1H2013
by vlad.boldijar@mxp.ro, 2013-08-08
For the first six months of the current year, the value of gross
written premiums of Bulgarian insurance group EUROINS (member of
EUROHOLD) - recorded a 12.9% growth, reaching EUR 84.4 million compared
with EUR 74.8 million for January-June 2012, according to preliminary
data published by the group.
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|
| EDITORIAL |
 What
comes after the hot summer?
Although the hot summer days still seduce us into spending some time
on the beach, a brief look at the calendar shows that the holiday
time is almost over. Thus, it is the right time to ask ourselves
what's new on the business ground. But beyond the usual seasonal
concerns, a question is uppermost in everyone's mind: where are the
growth reservoirs able to feed the future development of the portfolios,
especially now, when the financial markets' volatility leaves a very
small space for growth in the mature markets? Read
More
daniela.ghetu@mxp.ro
|
| INTERVIEW |
 Irina
POSTNIKOVA
General Director
TRANSSIBERIAN Re
The results of the Russian reinsurance market in 2012 can be evaluated
as encouraging. After six years of falling and stagnation, the Russian
reinsurance companies have collected RUB 42.3 billion, which is 21.6%
more than for the last year.
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| STATISTIC
UPDATES |
| EVENTS |
|
Les Rendez-Vous de Septembre
September 7th-13th, 2013
Monte Carlo, Monaco
Organizer: RVS
For details: www.rvs-monte-carlo.com
13th International Yalta Finance Forum
September 17th-21st, 2013
Yalta, Ukraine
Yalta Intourist Hotel
Organizer: Perspektiva Business
Strategy Centre with support of League of Ukrainian Insurance Companies
Media Partner: XPRIMM Publications
For details: www.cbs.org.ua
International Istanbul Insurance Conference
October 3rd-4th, 2013
Istanbul
Organizer: Istanbul Underwriting
Center
Baden - Baden XPRIMM Reception
5th Edition
October 20th, 2013
Kurhaus Casino, Runder Saal
Baden-Baden, Germany
Organizer: XPRIMM Publications
AZERI Evening
October 20th, 2013, 20:30 - 22:30
Casino Restaurant Sommergarten
Baden-Baden, Germany
Organizer: Azerbaijan Insurers
Association & Media XPRIMM
For registration: www.xprimm.com
TURKISH Evening
October 22nd, 2013, 20:00 - 22:00
Kurhaus Casino, Runder Saal
Baden-Baden, Germany
Organizer: Istanbul Underwriting
Center & Media XPRIMM
For registration: www.xprimm.com
WorldPensionSummit 2013
November 13-14, 2013
Amsterdam, Netherlands
Media Partner: XPRIMM Publications
For details: www.worldpensionsummit.com
EIOPA Conference
November 20th, 2013
Frankfurt am Main, Germania
Organizer: EIOPA |
| POINT
OF VIEW |
 Yves
LETERME
Deputy Secretary General
OECD
How to motivate savings in a climate of distrust in the financial
sector?
Yves Leterme is key-note speaker at the WorldPensionSummit in Amsterdam
on 13 and 14 November. This Summit is the only worldwide platform
for pension professionals. In this interview Mr. Leterme addresses
a number of current key pension dilemmas. An outlook on future pension
developments.
More
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| STATISTICS |
| PRESS
CUTTINGS |
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