 TOP
NEWS |
 Bancassurance
in Moldova, debated during the National Bancassurance Conference
on November 15
by adina.tudor@mxp.ro, 2013-11-14
On the 15th of November, representatives of the Moldavian insurance
companies and the most important banks, as well as international
specialists in the financial field will be reunited during the National
Bancassurance Conference - "BANCASSURANCE
- Realities and Perspectives", an event focusing on the potential of the bancassurance segment in Moldova
and on finding the best solutions for implementing the bancassurance
model in the country.
 More
 JLT
expands to the Netherlands and Dubai
by adina.tudor@mxp.ro, 2013-11-14
Jardine Lloyd Thompson Group plc (JLT) announced that it has agreed
to acquire Independent Risk Solutions (IRS), a marine specialty broker
based in the Netherlands, from Brokerage World Solutions (BWS), as
well as making a significant investment in Dubai-based broker Insure
Direct. The deals are subject only to regulatory approval.
More  Продолжение
 GENERALI,
3Q2013: Net profit and operating result on the rise driven by the
P&C segment
by daniela.ghetu@mxp.ro, 2013-11-14
GENERALI Group closed the first nine months of the year with a significant
+40.4% growth in net profit, to EUR 1,591 million buoyed by solid
premium income and operating performance, which was supported, in
particular, by the growth of the P&C
segment. The aggregate operating result rose by 6.2%, to EUR 3,361
million.
More Продолжение
 JLT
launches JLT Towers Re
by adina.tudor@mxp.ro, 2013-11-14
After closing the acquisition of TOWERS Watson's reinsurance brokerage
business for USD 250 million, on the 6th of september, british broker
Jardine Lloyd Thompson oficiially launched JLT Towers Re.
More Продолжение
 ROMANIA:
ALLIANZ-TIRIAC reports a slight growth on the non-life segment
by vlad.boldijar@mxp.ro, 2013-11-14
In the first nine-months of 2013, ALLIANZ-TIRIAC reported EUR 153
million in gross written premiums in Romania, according to data published
by the German Group.
More Продолжение
 VIG
to acquire 100% of Polish life insurer SKANDIA
by vlad.boldijar@mxp.ro, 2013-11-14
Vienna Insurance Group (VIG) said it had agreed terms to acquire
100% of Polish life insurance company SKANDIA Zycie TU S.A. (SKANDIA
Poland) - member of OLD MUTUAL Group, for an undisclosed amount.
The acquisition is subject to approval by the relevant regulatory
and competition authorities.
More Продолжение
 3Q2013:
EUROINS Romania and the increasing sales of DACIA-RENAULT kept the
result of EUROHOLD on a positive trend
by vlad.boldijar@mxp.ro, 2013-11-14
In January-September 2013, the value of gross written premiums of
Bulgarian insurance group EUROINS (member of EUROHOLD) - recorded
a 6.1% growth, reaching more than EUR 118 million compared with EUR
110.4 million for January-September 2012, according to preliminary
data published by the group.
More Продолжение
 RUSSIA:
The Central Bank regulates tariffs for mandatory insurance
by olesea.adonev@mxp.ro, 2013-11-14
Since September 1st 2013, the tariffs for mandatory insurance (MTPL,
Compulsory insurance of dangerous objects and Compulsory insurance
of civil liability of the carrier) are regulated by the Bank of Russia.
More Продолжение
 HANNOVER
Re 3Q net income down 8.6%
by vlad.boldijar@mxp.ro, 2013-11-14
German re-insurer HANNOVER Re reported as at 30 September 2013, its
operating profit (EBIT) contracted by 5.4% to EUR 961.6 million (from
EUR 1.02 billion in 3Q2012), while the Group net income declined
8.6% to EUR 613.2 from the previous year's EUR 670.8 million. According
to the press release, "this
is because the result for the previous year that had been exceptionally
high on account of one-off effects. As a further factor, the burden
of natural catastrophe losses in the comparable period had been unusually
low."
More Продолжение
 AON
reports Q3 revenue up 2% and net income up 26%
by vlad.boldijar@mxp.ro, 2013-11-14
Insurance brokerage AON Plc, reported, at the end of October, that
its net income increased 25.5% in the third quarter to USD 256 million
(USD 0.82 per share) up from USD 204 million (USD 0.62 per share)
in Q3 2012, while total revenue increased 2% y-o-y to USD 2.8 billion.
More Продолжение
 AXA
revenues up by 3% in 3Q2013
by vlad.boldijar@mxp.ro, 2013-11-14
The French insurance group AXA reported for January-September 2013,
3% y-o-y higher revenues, to EUR 69.5 billion, from EUR 68.4 billion
in 3Q2012, driven by the growth on all business lines. "AXA's
nine months 2013 activity indicators showed positive momentum and
demonstrated our teams' commitment to achieving Ambition AXA objectives", commented Denis DUVERNE, Deputy Chief Executive Officer of AXA.
More Продолжение
 CROATIA
Osiguranje increased profit by 5.2 % in 3Q2013
by vlad.boldijar@mxp.ro, 2013-11-14
During the first nine months of the year 2013, CROATIA Osiguranje
made a gross profit of HRK 106.7 million (EUR 14 million), representing
an increase of 5.2% compared to the same period of the previous year,
according to the press release published by the insurer on The Zagreb
Stock Exchange web-site.
More Продолжение
 SWISS
Re, 3Q2013: the Group remains on track to achieve its financial targets
for 2015
by daniela.ghetu@mxp.ro, 2013-11-14
SWISS Re reports a net income of USD 1.1 billion for the third quarter
of 2013, driven by continued strong performance from P&C
Re and a strong 14.3% return on equity. Group's premiums earned and
fee income increased by 14% to USD 7.5 billion, while the combined
ratio was 83.4% vs. 72.0% in the same period of 2012. The investment
income of USD 1.0 billion provided a Group return on investments
of 3.5%.
More Продолжение
 MARSH & MCLENNAN
third-quarter net income rises to USD 253 million
by vlad.boldijar@mxp.ro, 2013-11-14
Insurance brokerage MARSH & MCLENNAN
Companies reported consolidated revenue in the third quarter of 2013
of USD 2.9 billion, representing an increase of 3% compared the third
quarter of 2012, while the operating income increased to USD 404
million (USD 378 million in Q3 2012). Net income attributable to
the Company was USD 253 million, or USD 0.45 per share (compared
with USD 241 million, or USD 0.44 per share, in the prior year),
while for the period January-September 2013, the same indicator was
USD 1.1 billion (USD 1.89 per share), compared with USD 917 million
(USD 1.66 per share) in 3Q2012.
More Продолжение
 MUNICH
Re 3Q2013: consolidated profit down by 19% following the major losses
in PC insurance
by daniela.ghetu@mxp.ro, 2013-11-14
MUNICH Re posted a consolidated profit of EUR 2.2 billion for the
first nine months (same period last year: EUR 2.7 billion) and is
expecting a profit of EUR 3 billion for 2013. In the third quarter,
the Group realized a profit of EUR 636 million, EUR 0.5 billion less
y-o-y, mostly as a result of the numerous major losses in property-casualty
primary insurance and reinsurance, the performance of derivative
financial instruments, and significant negative currency effects.
More Продолжение
 SCOR
reported lower 3Q profit
by vlad.boldijar@mxp.ro, 2013-11-14
The Paris-based reinsurer SCOR reported a 5% decline in its nine-month
profit, with a 6.3% decrease in net investment income. At the same
time, the gross written premiums increased by 4.5% to EUR 7.54 billion
(compared with EUR 7.21 billion), "driven
by the combined impact of healthy SCOR Global P&C renewals and major contracts signed by SCOR Global Life," according to the group's press release.
More Продолжение
 TRIGLAV
expects EUR 2 million in claims after the recent storms in Slovenia
by daniela.ghetu@mxp.ro, 2013-11-14
Following the devastating storms which recently hit Slovenia, Zavarovalnica
TRIGLAV estimates the toll of the devastating weather events to be
around EUR 2 million, which equals approximately 2,000 loss events
in total. Yet, it is too early to assess the actual extent of claims
since most of them are expected to be filed in the coming days.
More Продолжение
 The
first insurance risk forum of 2014 will be held in Vienna
by alina.ciobanu@mxp.ro, 2013-10-31
The 3rd Annual Insurance Risk Management Forum, organized by FLEMING
Europe, will take place on February 19-20, 2014 in Vienna, Austria.
Among others, the forum's key discussions will include the enterprise-wide
risk management framework, the emerging risks, risk culture, underwriting
and appetite, stress testing & scenarios,
operational and reputational risks, supply chain and business continuity
risk, Internal model vs. Standard model, Compliance, ORSA 2014, ComFrame
or Omnibus II.
More Продолжение
 RUSSIA:
Practical aspects for developing the life insurance market
by olesea.adonev@mxp.ro, 2013-11-14
On November 7th, in Moscow, The Life Insurance International Conference
took place in Russia, being organized by All-Russian Insurance Association
and the Life Insurers Associations. During the event, the participants
debated all the aspects concerning the life insurance market, focusing
on developing the unit-linked insurance segment.
More Продолжение
 SBERBANK
wants half of the Russian life insurance market
by olesea.adonev@mxp.ro, 2013-11-14
In 5 years, SBERBANK wants to have 50% market share on the life insurance
market in Russia and 10% of the property insurance market, announced
Insur Info. Thus, according to the company's development strategy,
SBERBANK plans to open a second company activating on the property
and accidents segment. "We
haven't decided yet whether to establish a new company or to buy
one activating on this segment", SBERBANK's representatives declared.
More Продолжение
 LITMUS
Analysis launches the October report
by adina.tudor@mxp.ro, 2013-11-14
LITMUS Analysis, a consultancy agency offering rating advice for
re/insurers, launched their monthly review of rating agency activity
in the reinsurance & specialty
lines sectors. The report includes the calculation of the 'Litmus
Composite Score', as well as commentaries on both ratings and financial
issues that impact the sector.
More
|
| STATISTICS |
|
| EDITORIAL |
 Solvency
II - On Your Mark, Get Set, Go
"Solvency II - On Your Mark, Get
Set, Go" is the title under which will take place, in less than one week, the third section
of the EIOPA Conference. In fact, the Solvency II topic was a constant
presence on the Conference's agenda over the last few years, each
time being emphasized the unsolved issues which determined the new
solvency regime's introduction to be several times postponed. Hopefully,
this year it seems, at least judging by the title, we will see no
delay. In addition, the recent agreement between the European Parliament,
Council and Commission on the Omnibus II Directive is an important
step for the new Solvency II risk-based regulatory regime implementation
to remain on schedule.
More
daniela.ghetu@mxp.ro
|
| INTERVIEW |
 Andres
PIIRSALU
Member of Executive Board
Estonian Insurance Association (EKsL)
Motor Insurance Bureau and Guarantee Fund (LKF)
As already said, the biggest part of the total insurance portfolio
is still related to motor insurance, which according to the latest
statistics makes 61 % (MOD and MTPL together) of the total gross
non- life insurance premium volume. The most realistic boost foreseen
in the future for the time being is coming from the second pillar
pension in the life and health area, where in a long run the total
wolume will grow up to the levels exceeding our current market volumes
in times.
More
|
- Bancassurance segment in Moldova - what
is its potential?
- Implementing the bancassurance model in
Moldova
- Distribution techniques for life and non-life
insurance products through banks
|
| STATISTIC
UPDATES |
| POINT
OF VIEW |
 Enkeleda
SHEHI
Chairperson
Albanian FSA
The most important product sold in the market is the motor third
party liability insurance. On the life side, debtors' life is the
main product, where banks are the beneficiaries. In terms of potential
for future growth, health and life insurance have shown to have a
high dynamic for growth in the last years.
More
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| EVENTS |
|
National Bancassurance Conference
Friday, November 15th, 2013
Hotel Leogrand, Raut Hall
Chisinau, Republic of Moldova
Organizer: Media XPRIMM
EIOPA Conference
November 20th, 2013
Frankfurt am Main, Germania
Organizer: EIOPA
Solvency II Forum
November 21st-22nd, 2013
Vienna, Austria
Fleming's Deluxe Hotel
Organizer: GLC Europe
Media Partner: www.xprimm.com
For details: www.globalleadingconferences.com
November Reinsurance Meetings
November 25th-26th, 2013
New Square, Moscow
Organizer: All-Russian Insurance
Association (ARIA) and co-organizer - Business Format Group
Media Partner: XPRIMM Publications
For details: www.ins-df.com
International Agricultural Finance&Credit
Risk Management Forum
November 25th-26th, 2013
Hotel InterContinental
Kyiv, Ukraine
Organizer: AgroInsurance International
Media Partner: XPRIMM Publications
For details: www.agrifinanceforum.com
Middle East and Africa Insurance Summit
January 20th-21st, 2014
Dubai, United Arab Emirates
Organizer: Fleming Gulf
Media Partner: www.xprimm.com
For details: finance.fleminggulf.com
3rd Annual Insurance Risk Management Forum
February 19th-20th, 2014
Vienna, Austria
Organizer: Fleming Europe
Media Partner: XPRIMM Publications
For details: www.flemingeurope.com
FIAR 2014 - The International Insurance - Reinsurance
Forum
May 25-29, 2014
Organizer: Media XPRIMM
Media coverage: XPRIMM
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CUTTINGS |
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