 LIVE
FROM the European Conference on Consumer Protection in Financial
Services |
 BUCHAREST:
About market fairness, consumer trust and supervision at the
European Conference on Consumer Protection in Financial Services
by daniela.ghetu@mxp.ro, 2014-03-13
"Restoring customer trust in the financial services is a strategic priority
for all of us, market players, national supervisors and European bodies", stated today Gabriel BERNARDINO, Chairman EIOPA, on the occasion of the European
Conference on Consumer Protection in Financial Services held in Bucharest. He
emphasized that "a strong supervision adds credibility to the market", but "good regulation is only the first step" while enforcement is crucial for providing a real and effective consumer protection.
Therefore one of the EIOPA's top priorities is to build a uniform and coherent
insurance supervision frame in the EU.
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| ANALYSIS |
| TOP
NEWS |
 TRIGLAV
Group 2013: Above the planned level profitability despite the
adverse economic climate
by daniela.ghetu@mxp.ro, 2014-03-13
The TRIGLAV Group and it's parent company, Zavarovalnica TRIGLAV
ended 2013 with a net profit of EUR 69.9 million and EUR 48.3 million
respectively which, even though somewhat lower than in 2012, it is
still above the planned level. The Group maintained a strong level
of financial stability although its underwriting figures were still
impacted by the sustained economic crisis.
More  Продолжение
 GROUPAMA
posts EUR 283 million annual net profit for 2013
by vlad.boldijar@mxp.ro, 2014-03-13
The French insurer GROUPAMA reported a net profit of EUR 283 million
in 2013 (compared with EUR -589 million loss in 2012 or a EUR -1.76
billion loss in 2011), while the value of combined premium income
stood at EUR 13.7 billion or 2.3% less y-o-y, reflecting "the
Group's strategy emphasis on profitability instead of premiums growth," as stated by the group's press release.
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 ESTONIA
FY2013: Strong increase in the business volume, but also high figures
for the claims paid
by daniela.ghetu@mxp.ro, 2014-03-13
The upswing trend established in the Estonian market is the previous
quarters continued also in the last three months of the previous
year. Thus, the market ended 2013 with a 24% y-o-y growth in GWP,
to almost EUR 428 million, driven by the non-life insurance lines
which recorded impressive double digit growth rates. At the same
time, claims paid by the Estonian insurers in 2013 amounted to EUR
238 million, 16% up y-o-y.
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 AZERBAIJAN:
In 2013 the market share of life insurance growth was from 11% (2012)
to 16.95%
by olesea.adonev@mxp.ro, 2014-03-13
The insurance market of Azerbaijan totaled, at the end of 2013, AZN
405.67 million or EUR 376.32 million, marking an increase rate of
18.44 y-o-y in local currency, while the payments amounted to AZN
122.80 million (30.84% more), according to data presented by the
Ministry of Finance of the Republic of Azerbaijan.
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 BELARUS
FY2013: Market up by about 50% in local currency
by olesea.adonev@mxp.ro, 2014-03-13
In 2013 Belarusian insurers received insurance premiums for direct
insurance and coinsurance in the amount of EUR 494.56 million, 29.30%
more compared with January-December 2012 (EUR 382.50 million).
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 KAZAKHSTAN
FY 2013: Annuity insurance significantly affects overall market results
by olesea.adonev@mxp.ro, 2014-03-13
The Kazakh insurance companies ended 2013 with a 11% increase in
gross written premiums, to EUR 1,322.17 million, as compared with
EUR 1,191.15 million a year before. Claims paid by insurers amounted
to EUR 291.29 million, down by 23.34% y-o-y, as reported the Regulation
and Supervision Authority for Financial Markets and Financial Organizations.
More Продолжение |
 UZBEKISTAN
FY 2013: Insurance up by 18.40% in national currency in 2013
by olesea.adonev@mxp.ro, 2014-03-13
The Uzbek insurance market ended 2013 with a total gross written
premiums volume of UZS 338,483.34 million (EUR 111.64 million), up
by 18.40% in national currency, as compared with 2012, according
to the market data provided by Ministry of Finance of the Republic
of Uzbekistan.
More Продолжение
 The
Russian insurance market went up by 11% in terms of GWP in 2013
by alina.ciobanu@mxp.ro, 2014-03-13
In 2013, the Russian insurance market totaled RUB 904.86 bilion (EUR
20.12 billion*), 11,1% more y-o-y in local currency, while payments
for the previous year increased by 12.9 % to RUB 420.77 billion (~EUR
9.36 billion), according to the figures released by The Bank of Russia.
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 UNIQA
to increase dividend based on FY2013 figures
by vlad.boldijar@mxp.ro, 2014-03-13
In the 2013 financial year, the Austrian insurance group UNIQA increased
its profit on ordinary activities by 49.7%, to EUR 305.6 million,
while the consolidated net profit (after taxes and minority interests)
increased by 123.0% to EUR 283.4 million (EUR 127.1 million in 2012),
according to the FY2013 Preliminary Results, recently published by
the company.
More
 SCOR's
net profit up 31% in 2013
by vlad.boldijar@mxp.ro, 2014-03-13
The French reinsurer SCOR reported a net income of EUR 549 million
in 2013, a 31% increase over 2012, while the gross written premiums
totaled EUR 10.25 billion, up 7.8% "driven
by healthy SCOR Global P&C renewals, major new contracts signed by SCOR Global Life and the GENERALI US
contribution", reported the company.
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 KAZAKHSTAN: "Insurance
in Central Asia" International Conference's agenda confirmed! Book your place!
by alina.ciobanu@mxp.ro, 2014-03-13
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. The
event has become a tradition for leaders in insurance and reinsurance
in Central Asia, CIS countries and Central and Eastern Europe. XPRIMM
Publications supports the event as Media Partner.
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 HANNOVER
Re, 2013: The company posted a record profit in 2013 and expects
net income of EUR 850 million in 2014
by daniela.ghetu@mxp.ro, 2014-03-13
According to the company's release, HANNOVER Re comfortably surpassed
its year-end profit target for 2013 and posted a new record result
of EUR 895.5 million. "This
performance was driven by a very good underwriting result in non-life
reinsurance, which improved again on the previous year by EUR 63
million. Group net income additionally benefited from a positive
tax effect", Chief Executive Officer Ulrich WALLIN explained.
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 UKRAINE:
International Conference "Agricultural Insurance, Reinsurance and Brokerage in CIS, Europe & Asia" postponed for autumn
by olesea.adonev@mxp.ro, 2014-03-13
Due to the difficult political situation in Ukraine and upcoming
presidential elections which are planned for May 25, 2014, AgroInsurance
International decided to portpone the conference date to September-October
2014. The exact date will be announced by the end of May 2014.
More Продолжение
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| PRESS
CUTTINGS |
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| EDITORIAL |
 Consumer's
satisfaction keywords
The keywords: trust, fairness,
transparency, effectiveness ...
The context: the European
Conference on Consumer Protection in Financial Services, Bucharest
The actors: EIOPA, IAIS, European
supervisors, relevant insurers
The issue: how to restore the
consumers' confidence in the financial markets, especially in the
insurance one
The solutions: trust, fairness,
transparency, effectiveness ...
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| INTERVIEW |
 Hrvoje
PAUKOVIC
Director
Croatian Insurance Bureau
Besides mastering the crisis, perhaps the main challenges would be
developing new tailored products to address the changing needs of
the Croatian consumers and achieving satisfying growth figures. The
focus of the insurers is gradually shifting to life insurance products,
as the consumers finally recognize that they cannot rely on the state
to secure a decent retirement income and are aware of the importance
of saving for the future. New health and lifecare assistance products
are developed tailored for customers aiming to achieve better quality
of life through prevention. Real growth, however, depends on a healthy
economic environment.
More
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| STATISTIC
UPDATES |
| EVENTS |
|
2nd Annual Claims Forum
March 27-28, 2014
Prague, Czech Republic
Organizer: Fleming Europe
Media Partner: XPRIMM Publications
For details: finance.flemingeurope.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
2nd Annual Life Insurance Forum
April 9 - 10, 2014
Amsterdam, Netherlands
Organizer: Fleming Europe
Media Partner: XPRIMM Publications
For details: finance.flemingeurope.com
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
7th Tashkent International Conference on Insurance
and Reinsurance
May 19th-23rd, 2014
Taskent, Uzbekistan
Organizer: SAIPRO
Media Partner: XPRIMM Publications
For details: www.saipro.uz
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
Russian Insurance Summit 2014
June 5-6, 2014
Moscow, Russia
Ritz-Carlton Hotel
Organizer: All-Russian Insurance
Association (ARIA)
Media Partner: XPRIMM Publications
For details: www.insuranceconference.ru
4th Annual Africa Insurance & Reinsurance
Conference - AIRC 2014
June 10-11, 2014
Nairobi, Kenya
Media Partner: XPRIMM Publications
For details: aidembs.com
AIIF - 2014 Azerbaijan International Insurance
Forum
June 19-20, 2014
Baku, Republic of Azerbaijan
International Conference on Agricultural Insurance,
Reinsurance and Brokerage for CIS, Europe & Asia
September-October 2014
Kyiv, Ukraine
InterContinental Hotel
Organizer: Agroinsurance International
Media Partner: XPRIMM Publications
For details: www.agroinsconf.com |
| STATISTICS |
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