 TOP
NEWS |
 The
17th edition of FIAR starts on Sunday
by evelyne.piscan@mxp.ro, 2014-05-22
The 17th edition of FIAR - The International Insurance - Reinsurance
Forum, the most important European spring event dedicated to the
insurance, reinsurance and private pensions markets, starts on Sunday,
the 25th of May, in Brasov. Between the 25th and the 29th of May,
the 11 conferences and workshops organized during the Forum will
emphasize the most important topics from the local and regional insurance
industry. Moreover, the international specialists will also participate
in bilateral meetings and networking events, aiming to allow interactive
debates and a rich experience exchange between the Romanian and foreign
professionals.
 More  ПроÐ?олженÐ?е
 GENERALI
1Q2014: EUR 1.3 billion operating result and 152% solvency ratio
by daniela.ghetu@mxp.ro, 2014-05-22
The Italian insurance Group GENERALI closed 1Q2014 with a solvency
ratio of 152%, achieving approximately 160% at the end of April, "the
highest results achieved by the Group since the introduction of IAS
/ IFRS in 2005," as mentioned by the group's press release.
More ПроÐ?олженÐ?е
 VIENNA
Insurance Group wants to return to profit in Romania in 2014
by andreea.radu@mxp.ro, 2014-05-17
The Austrian Group VIENNA Insurance Group (VIG), which owns the Romanian
companies OMNIASIG, ASIROM and BCR Asigurari de Viata, estimates
that it will return to profit on the local market in 2014, after
2013 was marked by a negative result of EUR 98.7 million, Peter HAGEN,
CEO of VIG, said during a press conference in Bucharest.
More ПроÐ?олженÐ?е
 Russia
extends its insurance coverage for space launches
by daniela.ghetu@mxp.ro, 2014-05-22
The Russian Finance Ministry has proposed an amount of RUB 1.7 billion
(USD 50 million) in 2014 for additional insurance for spacecraft
launches, writes the RIA Novosti agency.
More ПроÐ?олженÐ?е |
 EUROPA
Insurance Group 1Q2014: 10% profit increase and 50% growth of
the non-life GWP
by daniela.ghetu@mxp.ro, 2014-05-22
A profit increase by 10%, equivalent to almost EUR 6 million (PLN
25 million), a substantial increase in the sales of key products
lines and EUR 94.9 million in GWP - this is how the EUROPA Group
can summarize 1Q2014.
More
 PZU
1Q2014: 9% decline of the net profit, to EUR 182 million
by daniela.ghetu@mxp.ro, 2014-05-22
PZU Group, the CEE's largest insurer, ended 1Q2014 with a net financial
result of about EUR 182 million (PLN 760.4 million), declining by
9.2% y-o-y. The net result net of one-off events such as commencing
the consolidation of mutual funds, the settlement with the Green
Card reinsurer and the effect of converting long-term policies into
yearly-renewable term insurance in type P group business, rose by
18.9% y-o-y. ROE for 1Q2014 was 22.5%, down 0.4 pp y-o-y.
More ПроÐ?олженÐ?е
 ZURICH
Q1 net profit rises 20% y-o-y
by vlad.boldijar@mxp.ro, 2014-05-22
ZURICH Insurance Group reported a business operating profit (BOP)
of USD 1.38 billion (2% more y-o-y) and net income attributable to
shareholders (NIAS) of USD 1.27 billion for the three months ended
March 31, 2014, or 20% more y-o-y. "This
is a solid start to the year," said Chief Financial Officer George QUINN.
More ПроÐ?олженÐ?е
 POLAND
FY2013: Short-term life insurance to blame for the market 9% y-o-y
fall
by daniela.ghetu@mxp.ro, 2014-05-22
Compared with the previous years, 2013 didn't end so well for the
Polish market: after the historical peak of 2012 (GWP of EUR 15.3
billion), 2013 brought a return to a level slightly inferior to the
2008 premium production, of EUR 13.95 billion, 8.9% down y-o-y. A
substantial decrease, of over 15%, of the life insurance segment
and a quasi stagnant state on the non-life sector were the two "ingredients" that
caused the downward trend installed last year.
More
 CROATIA
Osiguranje business shrinks 8.6% y-o-y in Q1
by vlad.boldijar@mxp.ro, 2014-05-22
The net income reported by CROATIA Osiguranje Group for 1Q2014 amounted
to HRK 785.3 million (~EUR 102.5 million), 0.7% less y-o-y, the total
expenditures totaled HRK 757.2 million or EUR 98.9 million (3% more
y-o-y), while the net profit amounted to HRK 22.8 million (EUR 3.0
million).
More ПроÐ?олженÐ?е
 MUNICH
Re, Q1: Profit of EUR 924 million and keeping on track with the annual
target
by vlad.boldijar@mxp.ro, 2014-05-22
MUNICH Re has reported a profit of EUR 924 million for the first
quarter of the year, down from EUR 970 million in the same period
of 2013. Regarding the annual target, MUNICH Re said "for
the current financial year as a whole, MUNICH Re is continuing to
aim for a profit of EUR 3 billion".
More
 AXA
Q1 revenues affected by strengthening of the Euro against most Asian
currencies and the USD
by vlad.boldijar@mxp.ro, 2014-05-22
The French insurance group AXA reported for January-March 2014, a
1% y-o-y decline in revenue on lower sales at the life and savings
division and as the euro strengthened. Total revenue decreased to
EUR 28.5 billion from EUR 28.9 billion in 2013.
More |
 Are
the insurance companies in the CEE region adequately covered?
by adina.tudor@mxp.ro, 2014-05-22
How much protection is available for the CEE region? How much of
it is bought? These are just some of the topics that the insurance
and reinsurance specialists will discuss at the Reinsurance Market
Conference, which takes place on the 27th of May, during FIAR - The
International Insurance-Reinsurance Forum 2014.
More ПроÐ?олженÐ?е
 FRISS:
Fraud is a threat for the insurance business
by andreea.radu@mxp.ro, 2014-05-22
Fraud is a real threat to the insurance business and throughout the
insurance processes including both claims and underwriting, according
to Jeroen MORRENHOF, the CEO of FRISS. He said that in Europe, one
out of every ten claims is fraudulent."In
certain regions, such as CEE including SEE and CIS, this threat is
at least three times the European average. So what does this mean
for the insurance companies? In a word: loss. This loss then is passed
on to customers resulting in higher premiums. This cycle affects
us all", said Jeroen MORRENHOF.
More |
| ANALYSIS |
 The
European perspective of the Ukrainian reinsurance market
In light of the recent political events in
Ukraine, a very important question is the existence of the reinsurance
market in Ukraine, in particular, the placement of Ukrainian reinsurance
risks.
More ПроÐ?олженÐ?е
|
| ON
THE MOVE |
| PRESS
CUTTINGS |
 |
| EDITORIAL |
5 days untill
the official launch
XPRIMM Insurance Report - CEE, SEE & CIS
FY 2013
Order your copy now and save EUR 100!
Regular price EUR 490.-
Special price until May, 28th ?€“ EUR 390.-
See
the summary
Order
|
| INTERVIEW |
 Benjamin
JOSAR
Member of the Management Board
TRIGLAV Group
My belief is that the markets where the TRIGLAV Group is present
are among the most promising in terms of the future development of
the insurance premium. Because of the extreme growth potential, the
profitability of these markets is more challenging since market participants
expect substantial growth in the future and their business models
have been adjusted to include these expectations.
More
|
| STATISTIC
UPDATES |
| EVENTS |
|
Consumer Protection Day
June 4, 2014
London, Great Britain
Organizer: European Banking
Authority
For details: www.eba.europa.eu
International Bancassurance Forum
June 5, 2014
Madrid, Spain
Organizer: INESE and Community
of Insurance
Media Partner: XPRIMM Publications
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
2nd Annual Bancassurance Forum 2014
June 5-6, 2014
Budapest, Hungary
Organizer: Global Leading Conferences
Media Partner: XPRIMM Publications
For details: globalleadingconferences.com
4th Annual Africa Insurance & Reinsurance
Conference - AIRC 2014
June 10-11, 2014
Nairobi, Kenya
Media Partner: XPRIMM Publications
For details: aidembs.com
International Conference "Catastrophic
risks in Bulgaria - the hierarchy of responsibility"
June 17th, 2014
Sofia, Bulgaria
Sofia Hotel Balkan
Organizer: INSMARKET.Bg
Media Partner: XPRIMM Publications
For details: www.insmarket.bg |
|
4th Annual Risk Management Forum 2014
September 11-12, 2014
Vienna, Austria
Media Partner: XPRIMM Publications
Organizer: Global Leading Conferences
For details: globalleadingconferences.com
Les Rendez-vous de Septembre 2014
September 13-18, 2014
Monte Carlo, Monaco
For details: www.rvs-monte-carlo.com
European Life Insurance Forum
September 25-26, 2014
NH Danube Hotel , Vienna
Organizer: Global Leading Conferences
Media Partner: XPRIMM Publications
For details: www.globalleadingconferences.com
Baden Baden XPRIMM Reception
October 19, 2014
Baden Baden, Germany
Organizer: Media XPRIMM
Azeri Evening - Baden Baden
October 19, 2014
Baden Baden, Germany
Organizer: Azerbaijan Insurers
Association
Turkish Evening - Baden Baden
October 21, 2014
Baden Baden, Germany
Organizer: Instanbul Underwriting
Center
Baden Baden Meetings 2014
October 19-23, 2014
Baden Baden, Germany
For details: badendirectory.com |
| POINT
OF VIEW |
 Jeroen
MORRENHOF
CEO
FRISS
Leetha SPYROPOULOU
International Sales Manager
FRISS
Within Europe one out of every ten claims is fraudulent. In certain
regions, such as CEE including SEE and CIS, this threat is at least
three times the European average. So what does this mean for the
insurance companies? In a word: loss.
More
|
| STATISTICS |
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