 TOP
NEWS |
 MTPL
prices in Central and Eastern Europe - how far from the mature
markets?
by oleg.doronceanu@mxp.ro, vlad.boldijar@mxp.ro,
2014-01-16
Although mandatory in all European countries, MTPL insurance registers
major differences both in rates and coverage accross the CEE and
CIS markets. Thus, if in countries such as Russia and the Republic
of Moldova the MTPL price is a standard one, regulated through the
local legislation, in the member states of the European Union the
price liberalization transformed the MTPL into one of the main sore
points of the insurance markets.
 More
 POLAND,
3Q2013: Life insurance and motor lines are pushing down the market
GWP by 10%
by daniela.ghetu@mxp.ro, 2014-01-16
Polish insurance market ended 3Q2013 with an overall y-o-y fall of
almost 10% of the GWP, to EUR 10.27 billion, thus continuing the
trend established since the first quarter of last year. The main
driver of the premium production decrease was the 33% y-o-y negative
change in GWP recorded for the traditional life insurance lines,
to EUR 5.5 billion.
More  Продолжение
 HUNGARY,
3Q2013: Life insurance growth not enough to offset the motor insurance
lines' shrinkage
by daniela.ghetu@mxp.ro, 2014-01-16
After the first three quarters of 2013, the Hungarian insurance market
recorded a cvasi stable status, with a 1% decrease in GWP, to EUR
2.04 billion. In fact, the 3Q2913 figures denominated in local currency
(HUF) show a 4% growth continuing the positive trend in underwriting
established in the precedent quarters of the year.
More Продолжение
 CZECH
Rep., 3Q2013: High competition prevents market return on a positive
trend
by daniela.ghetu@mxp.ro, 2014-01-16
Czech insurers' results in 3Q2013 are in line with the previous reporting
periods. As compared with the previous year, figures are showing
an almost unchanged GWP volume denominated in local currency (CZK)
while denominated in euro, the market turnover recorded an almost
4% y-o-y decrease, to EUR 4.55 billion.
More Продолжение
 ESTONIA's
insurance market rises 24% in 3Q2013
by vlad.boldijar@mxp.ro, 2014-01-16
In January-September 2013, the gross premiums written by the Estonian
insurance companies increased by 23.7%, reaching EUR 320 million,
compared with total GWP in the correspondent period of 2012. Claims
paid by insurers amounted to EUR 178.4 million according to official
data published by the Financial Supervision Authority of Estonia.
More Продолжение
 LATVIAN
market up 7.3% in 3Q2013 due the EU branches increases
by vlad.boldijar@mxp.ro, 2014-01-16
According to the figures published by the Financial and Capital Market
Commission - FKTK, the Latvian insurance market totaled at the end
of September almost EUR 352 million, or 7.3% more y-o-y. The non-life
segment accelerated by 5.7% y-o-y, while the value of life GWP increased
by 17%.
More Продолжение
 ROMANIA:
Motor damages continue to account for most of the compensations paid
out by insurers
by mihai.cracea@mxp.ro, 2014-01-16
The compensations generated by the two important motor insurance
classes, the fully comprehensive motor insurance (CASCO) and the
obligatory motor vehicle liability insurance (RCA), continue to hold
the largest share in the total damages compensated by local insurers
in the last nine months. Thus, out of the RON 3.13 billion paid by
insurance companies in Romania, over 89% (RON 2.79 billion), came
from motor insurance, as shown by the financial supervisory authorities.
More
 VIG
bought AXA's insurance and pension businesses in Hungary
by mihai.cracea@mxp.ro, 2014-01-16
According to REUTERS, at the end of last year the French Group AXA
announced the conclusion of an agreement regarding the sale of its
insurance and private pension businesses in Hungary to VIENNA Insurance
Group (VIG).
More Продолжение
 JLT
strengthens Hong Kong Business and continues growth strategy in Asia
with LAMBERT Brothers Holdings Ltd Acquisition
by mihai.cracea@mxp.ro, 2014-01-16
Jardine Lloyd Thompson Group plc ("JLT"),
one of the world's largest providers of insurance, reinsurance and
employee benefits related advice, brokerage and associated services,
has announced that its Asia business has acquired LAMBERT Brothers
Holdings Limited ("LBH").
More Продолжение
 BELARUS
Re: 2013 was a successful year for the company
by olesea.adonev@mxp.ro, 2014-01-16
Results of BELARUS Re for 2013 can be described as positive ones,
taking into considerations the company's activity in diversification
area with international insurance and reinsurance companies, as well
as a continuous search for new markets and partners, all of which
led to an annual increase of the share of international risks taken
in reinsurance from abroad and confirmation that the company is a
reliable partner with an impeccable reputation in the international
reinsurance market.
More Продолжение
 BELARUS,
3Q2013: 54% growth rate and ready for change
by olesea.adonev@mxp.ro, 2014-01-16
The Belarusian insurance market totaled BYR 4,834,398 million for
the first nine months of 2013, informed the Belarusian Association
of Insurers, 54.29 % more compared with January-September 2012. Calculating
in the European currency, the insurance market has accounted for
EUR 394.64 million, up 38.42% y-o-y.
More Продолжение
 VIDEO: NBMR:
the Russian reinsurance market remains an attractive business target
for the international players
by alina.ciobanu@mxp.ro, 2014-01-16
Russian reinsurers ended 2013 with an optimistic approach towards
the local market perspectives. "The
key thing is to ensure performance of business rather than only the
mechanical growth thereof," stated Igor ALEXEEV Managing Director of Inward Treaty Reinsurance Division,
INGOSTRAKH on the occasion of the 2013 edition of November Business
Meetings of Reinsurance, held in Russia.
More Продолжение
 AZERBAIJAN,
3Q2013: an 18.36% increase for the insurance companies
by olesea.adonev@mxp.ro, 2014-01-16
According to the State Insurance Supervision Service under the Ministry
of Finance, Azerbaijani insurance market totaled AZN 303.38 million
for the first nine months of 2013, 18.36% more compared with January-September
2012. Calculating in the European currency, the insurance market
has accounted for EUR 286.40 million, up 13.46% y-o-y. During the
reporting period, the total value of claims paid by the insurance
companies reached AZN 88.53 million or EUR 83.58 million.
More Продолжение
 ARMENIA,
Q3 2013: Companies paid almost as much as they collected in premiums
by olesea.adonev@mxp.ro, 2014-01-16
According to the ArmInfo News Agency, in Q3 2013 Armenia's insurance
companies collected AMD 5.5 billion (EUR 10 million) in premiums
(half of what they collected in Q2 2013). At the same time, it should
be noted that the size of payments amounted to almost over AMD 5
billion (EUR 9 million).
More Продолжение
 UKRAINE,
3Q2013: A 35.2% y-o-y growth in GWP
by alina.ciobanu@mxp.ro, 2014-01-16
In 3Q2013, the Ukrainian insurance market totaled EUR 1.42 billion,
35.2% more compared with the same period of 2012 (EUR 1.42 billion),
according to the figures presented by the local financial authority.
The paid claims reached EUR 327.15 million, 7.6% less y-o-y.
More Продолжение
 KAZAKHSTAN:
Strategic vision for development of the local markets in the light
of integration
by alina.ciobanu@mxp.ro, 2014-01-16
Between 15th and 16th of April 2014 in Almaty, Kazakhstan will take
place the 8th edition of the International Conference "Insurance
in Central Asia", with the support of the Association of Insurance Companies of Kazakhstan.
More Продолжение
 KAZAKHSTAN:
The risks vary from country to country
by olesea.adonev@mxp.ro, 2014-01-15
According to the former Vice President of Moody's Investors Service,
Jonathan SCHIFFER, in the last 5-10 years the perception of sovereign,
political and state risk has changed. Moreover, besides increasing
the phenomenon of globalization competition among rating agencies,
the assessment of the most attractive countries is becoming tougher.
More Продолжение
 TURKMENISTAN:
A chance for the insurance market demonopolisation in 2014
by daniela.ghetu@mxp.ro, 2014-01-15
Starting July 1st, 2014 in Turkmenistan the process of demonopolisation
and privatisation of state property will begin, in accordance with
the law adopted in December 2013 by the Turkmen Parliament. The new
law enforcement also addresses the development of the insurance industry,
as it allows the entrance of private capital in this area of business.
More Продолжение
 MOLDOVA:
Insurer TRANSELIT subjected to financial recovery proceedings
by alina.ciobanu@mxp.ro, 2014-01-15
The Financial Supervisory Authority of Moldova (CNPF) has approved
the opening of the financial recovery proceedings for TRANSELIT insurance
company. The decision was taken due to the conclusions of CNPF's
control showing that the company failed to observe the legal provisions
with regard to the formation of insurance reserves, the level of
solvency margins and the liquidity ratio.
More Продолжение
 The
Russian Bureau for Green Card pretends to raise their status in the
Green Card System by 2014
by alina.ciobanu@mxp.ro, 2014-01-15
This year the Council of Bureaux (CoB) will consider reducing the
period of Russia's transitional membership in the international Green
Card system. "Over
the years of the Russian transitional membership, participants in
the national bureau showed impeccable discipline with payments. In
2013 foreign insurers didn't expose any warranty claim against the
Russian bureau for late payments," said Sergey RAZUVAN, Head of the Russian Bureau for Green Card.
More Продолжение
 DELTA
GENERALI Osiguranje, the best insurance company in Serbia in 2013
by daniela.ghetu@mxp.ro, 2014-01-15
A few days before the year-end, DELTA GENERALI Osiguranje was designated "The
Best Insurance Company in Serbia in 2013" by the British financial magazine "World Finance". High professional standards, strong ethical principles, innovation, commitment
to client needs, speed in claims settling are some of the parameters
which individualized DELTA GENERALI Osiguranje both on the life and
non-life business segments.
More
 BTA,
LITHUANIA: Property insurance market growth expected in the near
future
by daniela.ghetu@mxp.ro, 2014-01-15
A recent survey made by the non-life insurer BTA showed that Lithuanian
citizens are mostly interested in the accident insurance products,
perceived by about a third of the respondents as providing the highest
sense of security. The following top choices expressed were health
insurance, property and Motor Hull insurance.
More
 AZERBAIJAN:
A new Chairman for the MEQA Sigorta Board
by daniela.ghetu@mxp.ro, 2014-01-15
Sevinj GULMALIYEVA, former deputy chairman is the new Chairman of
the Board of the Azeri insurance company MEQA Sigorta, the company
announced on January 13th. She succeeded in this position to Afgan
MURTUZAEV. Mrs. GULMALIYEVA has a 14 years experience in the insurance
field and she is a Chartered Insurance Institute (UK) graduate.
More Продолжение
 AZERBAIJAN:
Over 1 million compulsory insurance contracts concluded in 2013
by daniela.ghetu@mxp.ro, 2014-01-15
According to data published today by the Compulsory Insurance Bureau
of Azerbaijan, in 2013 the Azeri insurance companies members of CIB
have concluded more than 1 million contracts for the compulsory insurance
lines provided by the law, collecting almost AZN 83 million in premiums.
More Продолжение
 AXA
leaves HUNGARY. VIG takes over 100% of the life insurer AXA Biztosito
by vlad.boldijar@mxp.ro, 2014-01-15
Two of the largest European insurance groups - Vienna Insurance Group
(VIG) and AXA - announced at the end of 2013 that they had entered
into an agreement regarding the future activity of the Hungarian
subsidiary of AXA. According to the agreement, VIG will acquire 100%
of the shares of the life insurer AXA Biztosito.
More Продолжение
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| EDITORIAL |
 Consumer
Protection and asking the right questions
An insurance policy is nothing more than a promise that a client
will be compensated when a certain risk occurs. Contractually binding
nonetheless, this promise is therefore the central pillar of the
insurance system as a whole and this principle managed to bring the
global insurance industry to proportions that the LLOYD's coffee
house attendants could only dream of.
More
|
| INTERVIEW |
 Bruce
BOWERS
Regional CEO for CEE
ALLIANZ Group
ALLIANZ has been present in the CEE countries for long term and we
are the largest player in the region in terms of gross revenues on
the property and casualty side. This is a position we are very proud
of and that we intend to protect. At the same time, our goal is to
grow, at least in line with the market. Still, we are not willing
to take risks that can affect our profitability.
More
|
| STATISTIC
UPDATES |
| ON
THE MOVE |
 Radu
MUSTATEA is the new President of B.A.A.R.
by mihai.cracea@mxp.ro, 2014-01-16
Radu MUSTATEA was elected President of the Management Board at B.A.A.R.
following the elections that took place within the General Shareholders'
Meeting on December 19th, according to B.A.A.R. Along with Radu MUSTATEA,
other members of the Management Board were chosen among the representatives
of the insurance firms ALLIANZ-TIRIAC, OMNIASIG VIG, ASTRA Asigurari
and EUROINS Romania. The mandate of the new Council will be into
effect for 4 years starting December 23, 2013.
More
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EARLY BIRD FEE until January 24th, 2014
|
| EVENTS |
 FIAR
Countdown: Don't miss the early registration fees!
by adina.tudor@mxp.ro, 2014-01-16
This year, the most important European spring event dedicated to
the insurance, reinsurance and private pensions markets, FIAR - The
International Insurance-Reinsurance Forum, launches debates regarding
the new challenges for the regional market and welcomes its guests
in a completely new location. Did you submit your registration form?
Friday, January 17th, is the last day in which you can benefit from
the early bird fee!
More Продолжение
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Middle East and Africa Insurance Summit
January 20-21, 2014
Dubai, United Arab Emirates
Organizer: Fleming Gulf
Media Partner: www.xprimm.com
For details: finance.fleminggulf.com
International Forum on Nuclear Insurance - "Nuclear
Insurance: Edge of Safety and Tetrahedron of Responsibility"
February 18-19, 2014
Russia, Moscow
Hotel Golden Ring
Organizer: Business Character
LLC
Media Partner: XPRIMM Publications
For details: www.ins-df.com/ifnieng
The International Forum on Nuclear Insurance, "Nuclear
Insurance: Edge of Safety and Tetrahedron of Responsibility", will take place on February 18-19th, 2014 in Moscow. The event is organized
by Business Character LLC and will bring together more than one hundred
Russian and foreign participants from the nuclear industry, as well
as representatives of the insurance and reinsurance companies.
More Продолжение
3rd Annual Insurance Risk Management Forum
February 19-20, 2014
Vienna, Austria
Organizer: Fleming Europe
Media Partner: XPRIMM Publications
For details: www.flemingeurope.com
European Conference on Consumer Protection in
Financial Services
March 13, 2014
Palace of the Parliament, Romania
Special Guest: Mr. Gabriel
BERNARDINO, Chairman, EIOPA
Organizers: APPA and UNSAR
For more details: www.xprimm.com
IIF 2014 - International Insurance Forum
April 6-7, 2014
Istanbul, Turkey
Pera Palace Hotel
Media coverage: XPRIMM
Publications
For details: www.internationalinsuranceforum.com
XVIII All-Russian Reinsurance Conference - "National
peculiarities of Russian reinsurance"
April 8-9, 2014
Russia, Moscow
President-Hotel
Organizer: All-Russian Insurance
Association (ARIA), Reinsurers' Committee
Media Partner: XPRIMM Publications
For details: www.en.re-conference.ru
X - Annual International Risk Management Conference
April 10-11, 2014
Almaty, Kazakhstan
Organizer: JSC Eurasia Insurance
Company
Media Partner: XPRIMM Publications
For details: www.theeurasia.kz
VIII International Conference "Insurance
in Central Asia"
April 15-16, 2014
Holiday Inn Hotel
Almaty, Kazakhstan
Organised with the support of the Kazakhstan Association of Insurers
Media Partner: XPRIMM Publications
For details: www.allinsurance.kz
FIAR 2014 - The International Insurance - Reinsurance
Forum
May 25-29, 2014
Brasov, Romania
Organizer: Media XPRIMM
Media coverage: XPRIMM
Publications
For more details: www.fiar.ro
AIIF - 2014 Azerbaijan International Insurance
Forum
June 19-20, 2014
Baku, Republic of Azerbaijan |
| STATISTICS |
| PRESS
CUTTINGS |
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