 TOP
NEWS |
 ROMANIA:
Record losses on the insurance market in 2013
by andreea.radu@mxp.ro, 2014-07-10
The Romanian insurance market registered, in 2013, a record aggregate
loss amounting to RON 1.28 billion (EUR 290.52 million), according
to the annual report published by the Financial Supervisory Authority
(FSA).
 More
 CMV
is the new member of the GrECo JLT Group
by daniela.ghetu@mxp.ro, 2014-07-10
The Austrian based aviation broker CMV and the GrECo JLT Group combined
their longstanding expertise and market presence and plan to roll
out the specialized know how in all 17 countries of the Group. Friedrich
NEUBRAND, CEO of the GrECo JLT Group (foto) explains: "With
CMV we strengthen our competence in the area of aviation insurance
and further grow our strategy of specialization. The renowned company
will be positioned as a specialty broker for the aviation business
of the entire GrECo JLT Group, and is in line with our strategy to
prioritize investments where we can build distinctive positions.
The brand CMV will continue to exist."
More
 The
bill for severe weather events in Europe in the first half of 2014
could reach USD 10.8 billion
by daniela.ghetu@mxp.ro, 2014-07-10
The first half of 2014 came with a consistent bill for Europe, following
an outbreak of severe weather: winter storms, heavy rains and thunderstorms
during the spring etc. caused a high damage all over Europe, amounting
to more than USD 10.8 billion in economic losses, according to the
June 2014 AON Benfield's June Cat Report. About 53% of the losses
were recorded in Western Europe, although in terms of human victims,
the Central and Eastern Europe was hit much stronger.
More  ПроÐ?олженÐ?е
 TURKEY
1Q2014: Increase by more than 6% in GWP, but negative dynamic on
the life segment
by vlad.boldijar@mxp.ro, 2014-07-10
In Q1 2014 the Turkish insurance sector's GWP recorded a 6.12% y-o-y
increase in local currency and reached almost TRY 7 billion (~EUR
2.4 billion), according to the data collected by the Insurance Association
of Turkey - TSB. In European currency, the results show a negative
change as a result of the strong devaluation of the Turkish Lira.
More ПроÐ?олженÐ?е
 GREECE,
1Q2014: GWP down by 2.4% y-o-y
by vlad.boldijar@mxp.ro, 2014-07-10
The Greek insurers reported gross written premiums of EUR 986 million
in the first quarter of 2014, as compared with EUR 1.01 billion a
year earlier, according to the 1Q2014 Report published by the Hellenic
Association of Insurance Companies (HAIC).
More ПроÐ?олженÐ?е
 CYPRUS
1Q2014: The insurance market fell by 6.3%, below EUR 200 million
by vlad.boldijar@mxp.ro, 2014-07-10
The insurance market of Cyprus reported a volume of GWP of about
EUR 196 million in the first quarter of 2014, representing an annual
decrease of 6.3%, according to the figures published by the Insurance
Association of Cyprus. In the case of life insurance, the local insurers
reported a negative dynamic of -9.7% y-o-y, to EUR 80 million, while
the non-life insurance segment decreased by ~3.9% y-o-y to EUR 116
million.
More ПроÐ?олженÐ?е |
 LATVIA:
RSA announced completion of AAS BALTA sale
by vlad.boldijar@mxp.ro, 2014-07-10
RSA Insurance Group plc (RSA) announced at the end of June the completion
of the sale of its Latvian business, AAS BALTA, to the Polish insurance
group PZU, after receiving the formal regulatory approval.
More ПроÐ?олженÐ?е
 RUSSIA:
OLMA Group to acquire ZURICH non-life retail unit for USD 30 million
by vlad.boldijar@mxp.ro, 2014-07-10
ZURICH Insurance Group announced that it has signed an agreement
with OLMA Group (a domestic brokerage and investment-services company)
so that the latter will acquire ZURICH's general insurance retail
business in Russia. The price amounts to about RUB 1 billion (USD
30 million). The transaction is expected to be closed in the third
quarter of 2014.
More ПроÐ?олженÐ?е
 MOLDOVA:
VIG seeks to secure full control over DONARIS Group
by alina.ciobanu@mxp.ro, 2014-07-10
VIENNA Insurance Group (VIG) announced their intention to take over
the remaining 6.214% stake in the Moldavian insurer DONARIS Group,
after previous acquisition of around 94% stake of its shares, according
to the official publication of the supervisory authority.
More ПроÐ?олженÐ?е
 UZBEKISTAN:
Higher minimum capital requirements in place starting July 1st
by olesea.adonev@mxp.ro, 2014-07-10
Starting July 1st, new minimum capital requirements were enforced
in Uzbekistan, informs the UZREPORT Information agency. The change
was due to a Presidential Resolution on "Additional
measures to further improve the financial stability of insurers" which was dated May 31, 2011.
More ПроÐ?олженÐ?е
 ROSGOSSTRAKH
Armenia prevented over 30 attempts of fraud
by olesea.adonev@mxp.ro, 2014-07-10
The security service of ROSGOSSTRAKH Armenia prevented over 30 attempts
of fraud worth about AMD 19 million over the first months of 2014,
according to ARMINFO, the Armenian Agency of Rating Marketing Information.
More ПроÐ?олженÐ?е
 The
credit rating of the TRIGLAV Group by S&P remains high, at A-
by daniela.ghetu@mxp.ro, 2014-07-10
Zavarovalnica TRIGLAV and Pozavarovalnica TRIGLAV RE maintained stable
medium-term outlooks despite a negative outlook on the sovereign
debt. Thus, Standard & Poor's
affirmed the TRIGLAV Group's existing long-term credit rating and
financial strength credit rating at 'A-'.
More ПроÐ?олженÐ?е
 Odessa
will host the XIV International Black Sea Finance Forum
by alina.ciobanu@mxp.ro, 2014-07-10
The condition of the international financial market, current legislation
and regulation issues, developing problems of certain types of insurance
(motor, medical), cooperation between financial institutions (banks,
insurance companies, investment funds), reinsurance activities of
insurance intermediaries and strategic tools management are the main
topics of the XIV International Black Sea Finance Forum which will
take place on September 10 - 13, 2014, in Odessa, Ukraine.
More ПроÐ?олженÐ?е
|
| ON
THE MOVE |
| PRESS
CUTTINGS |
|
| EDITORIAL |
 Announcing
a rich editorial autumn
There are still many regions in Europe where the summer hasn't really
started. However, despite the capricious weather, many of us are
on our way or preparing for the summer vacation. Still, preparations
for this autumn's newest set of insurance reports are on their way
and the studies will be waiting for you upon your return.
More
|
| INTERVIEW |
 Enkeleda
SHEHI
Chairperson
Albanian FSA
The insurance business in 2014 will depend on the stability of prices
in the MTPL portfolio. If the current prices will be maintained,
the market will experience a considerable growth by the end of 2014.
More
|
| STATISTIC
UPDATES |
| EVENTS |
|
XІV International Black Sea Finance Forum
September 10-13, 2014
Odessa, Ukraine
Media Partner: XPRIMM Publications
Organizer: Business Strategy
Center "Perspektiva" with the support of the League of Insurance Organizations of Ukraine
For details: www.cbs.org.ua
CASRISK 2014 - Caspian Risk Conference
November 6-7, 2014
Baku, Azerbaijan
Organizers: Azerbaijan Risk
Professionals Association (ARPA) and Media XPRIMM
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
IBF - Insurance Business Forum
September 29th - October 3rd 2014
Swissotel Kamelia
Sochi, Russia
Organizers: Delovoi Format
and National Insurance Guild
Co-organizer: Media XPRIMM
11th ICAR - International CAtastrophic Risks Forum
October 8th, 2014
Bucharest, Romania
Organizer: Media XPRIMM
Media Partner: PRIMM Magazine
- Insurance & Pensions
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
FIAR 2015 - The International Insurance - Reinsurance
Forum
May 17-21, 2015
Brasov, Romania
Organizer: Media XPRIMM
Media coverage: XPRIMM
Publications |
| POINT
OF VIEW |
 Mateja
LAMOVSEK
Insurance Analyst
Slovenian Insurance Association
In 2013 the market growth was negative for the first time in the
last two decades. It was the first time since 2008 that premiums
have fallen under EUR 2 billion. This is the result of the crisis
in the Slovenian economy, which has been already lasting for the
last five years.
More
|
| STATISTICS |
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