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NEWS |
 European
insurance industry figures show growth and stability during 2003-2012
by mihai.cracea@mxp.ro, 2014-08-06
The European insurance industry has maintained a path of stability
and growth, even through times of crisis, according to figures released
by Insurance Europe, the European insurance and reinsurance federation.
 More
 Romania:
ASIROM VIG confirms changes in the management board
by adina.tudor@mxp.ro, 2014-08-01
During ASIROM Vienna Insurance Group's Supervisory Board meeting,
held on the 17th of June 2014, organizational changes in the company
have been decided. Thus, President Mariana DIACONESCU's mandate has
come to an end and the management of VIENNA Insurance Group, together
with Mariana DIACONESCU jointly decided that this mandate will not
be prolonged, the company's representatives announced in a press
release.
More
 BULGARIA
1Q2014: Health insurance reform, the main driver of the market growth
by daniela.ghetu@mxp.ro, 2014-08-07
Bulgarian insurance market closed the first quarter of 2014 with
a 6.5% growth in GWP, to EUR 228.3 million. Although the positive
trend was visible on most business lines, it is worth mentioning
the highest contribution to the extra EUR 14 million premium production
as compared with the corresponding quarter of 2013, belongs to the
newly reformed health insurance class (+EUR 6.1 million) and to the
life insurance segment (+EUR 5.24 million).
More
 SLOVAKIA
1Q2014: ALLIANZ Slovenska climbed faster than the market and became
the uncontested leader
by daniela.ghetu@mxp.ro, 2014-08-07
The Slovak market continued in 1Q2014 its slow paced but stable growth,
recording once again a growth of about 2.7% in GWP, to EUR 588 million.
The positive trend was visible both on the life and non-life segments
More
 GENERALI
1H2014: Significant improvement of the combined ratio and operating
result in the CEE markets
by daniela.ghetu@mxp.ro, 2014-08-07
Central and East European markets are producing 3% of the life insurance
and almost 9% of the non-life insurance GWP reported by the Italian
GENERALI Group in 1H2014, their weight in the overall portfolio remaining
quasi unchanged compared to 1H2013. As far as the Group's operating
result is concerned, CEE markets' contribution amounted to about
6.5% for the life insurance segment and 13.6% on the non-life side,
both segments recording a significant growth of this indicator. The
combined ratio (CoR) improved significantly in the CEE countries
with a decrease of 6.4 pp to 84.2% (90.6% 1H13).
More
 EIG
premiums down 14.3% following the tariff changes of the Romanian
subsidiary
by vlad.boldijar@mxp.ro, 2014-08-07
In the first half of 2014, the value of gross written premiums by
EUROINS Insurance Group - EIG (member of the Bulgarian financial
holding EUROHOLD) - recorded a 14.3% decrease y-o-y, reaching EUR
72.3 million, following the 22% decline in GWP reported by EUROINS
Romania - the largest subsidiary of the group, according to preliminary
data published by EUROHOLD. EUROINS Romania has generated about 68%
of total GWP of EIG (~EUR 48.9 million).
More
 Double-digit
increase for the Macedonian market in Q1
by vlad.boldijar@mxp.ro, 2014-08-07
Macedonian insurance companies posted consolidated gross written
premiums of MKD 1.95 billion (EUR 31.6 million) in 1Q2014, up 11%
y-o-y, the market figures published by Insurance Supervision Agency
indicated. Non-life insurance premiums accounted for 93.5% of the
total, supported by the heavy contribution of motor insurance classes
(46% of total), property (~25%) and accidents (more than 10%).
More
 NN
Group 1H2014: Strengthened capital position and strong sales growth
by daniela.ghetu@mxp.ro, 2014-08-07
After the successful July IPO, NN Group announced the first set of
results. "NN
Group delivered a solid performance and will continue to focus on
delivering its strategic objectives," stated Lard FRIESE, CEO. He explained that "strong new sales growth was driven by Japan Life, Insurance Europe and higher
pension contract renewals in Netherlands Life," while the Group made encouraging progress on the cost reduction program."
More
 SERBIA:
COFACE enters the insurance market through a partnership with AXA
by vlad.boldijar@mxp.ro, 2014-08-07
French credit insurer COFACE announced it is expanding to the Serbian
market through a partnership agreement with local insurer AXA Nezivotno
Osiguranje. COFACE is present in Serbia since 2007 in both the debt
collection and business information markets.
More  ПроÐ?олженÐ?е
 SERBIA:
NBS revokes the license of TAKOVO Osiguranje
by vlad.boldijar@mxp.ro, 2014-08-07
The Executive Board of National Bank of Serbia (NBS) has taken the
decision to revoke the TAKOVO insurance company's license and prohibit
the disposal of its assets until the opening of liquidation proceedings.
At the same time, NBS filed a proposal for a bankruptcy proceeding
to the Commercial Court of Kragujevac (where TAKOVO Osiguranje is
headquartered) concerning institution of liquidation proceedings
and informed the Deposit Insurance Agency for the purpose of appointing
the liquidation receiver.
More |
 LATVIA's
insurers' premiums increased 13.5% in Q1
by vlad.boldijar@mxp.ro, 2014-08-07
According FKTK - The Financial and Capital Market Commission, the
Latvian insurance market totaled EUR 142.7 million at the end of
March 2014. Compared to the corresponding period of last year, the
figure increased 13.5% y-o-y. At the same time, the value of paid
claims and indemnities decreased 8.2% y-o-y to EUR 67.7 million.
More ПроÐ?олженÐ?е
 KOSOVO,
1Q2014: Market rates influenced by the number of MTPL insured
by vlad.boldijar@mxp.ro, 2014-08-07
For the January-March 2014 period, the Central Bank of Kosovo - CBK
reported a 5.9% decrease of the insurance market to EUR 18 million,
due the 21% decrease of MTPL insurance sector. Claims paid by insurers
totaled EUR 7.6 million at the end of March 2014, or 42% less compared
to 1Q2013.
More ПроÐ?олженÐ?е
 MUNICH
Re confirms its profit target for 2014, of EUR 3 billion
by daniela.ghetu@mxp.ro, 2014-08-07
MUNICH Re posted a consolidated profit of EUR 769 million for the
second quarter of 2014, almost 42% up y-o-y; the profit for the first
half-year amounted to EUR 1,694 million (+12%). Performance in primary
insurance and reinsurance was good as a whole, although the second
quarter was marked by a random incidence of above-average major losses
totaling around EUR 617 million. For the current financial year,
MUNICH Re is continuing to aim for a profit of EUR 3 billion.
More ПроÐ?олженÐ?е
 AON
reports flat revenue for Q2 2014
by vlad.boldijar@mxp.ro, 2014-08-07
Risk and insurance brokerage company AON reported for the second
quarter 2014 a total revenue of USD 2.9 billion, 1% more compared
to the prior year's second quarter "primarily
driven by 2% organic revenue growth, partially offset by a 1% unfavorable
impact from acquisitions, net of divestitures", the company noted in a press release.
More ПроÐ?олженÐ?е
 GROUPAMA
net profit down to EUR 140 million in 1H2014
by vlad.boldijar@mxp.ro, 2014-08-07
The French insurer GROUPAMA reported a net profit of EUR 140 million
for the first half of 2014, compared with EUR 187 million in 1H2013.
At the same time, the group's combined premium income stood at EUR
9.2 billion, a 0.4% increase y-o-y, while the economic operating
income amounted to EUR 100 million vs. EUR 26 million in 1H2013: "This
increase of EUR 74 million can be mainly attributed to the 2.4-point
improvement in the combined non-life ratio, bringing it to 98.5%
at 30 June 2014", the French group noted in a report.
More
 HANNOVER
Re maintains the EUR 850 million net income target after the 4.9%
increase in 1H
by vlad.boldijar@mxp.ro, 2014-08-07
German reinsurer HANNOVER Re reported a 4.9% increase of the net
profit for 1H2014 to EUR 444.4 million, owing to lower interest charges
and a drop in the tax ratio. At the same time, the operating profit
(EBIT) of EUR 683.7 million as at 30 June 2014 fell somewhat short
of the previous year's figure (EUR 693.0 million), "in
part due to reduced gains on currency translation", the group noted in a press release.
More ПроÐ?олженÐ?е
 MMC,
Q2: Revenues up by 7% due the 8% expansion of the consulting sector
by vlad.boldijar@mxp.ro, 2014-08-07
MARSH & McLennan Companies (MMC) reported for
the second quarter of 2014 consolidated revenues of USD 3.3 billion,
or 7% more, compared to Q2 2013. For the analyzed period, operating
income rose by 12% to USD 647 million, while the net income attributable
to the company was USD 431 million (or USD 0.77 per share) compared
to USD 388 million (or USD 0.69 per share), in the previous year.
More ПроÐ?олженÐ?е
 SCOR's
half year net income up 35% y-o-y, to EUR 256 million
by vlad.boldijar@mxp.ro, 2014-08-07
The French reinsurer SCOR reported GWP of EUR 5.42 billion during
the first half of 2014, up 12.5% y-o-y, "driven
by healthy SCOR Global P&C renewals and major new contracts signed by SCOR Global Life as well as last
year's GENERALI US Life Re acquisition", as the group noted in the press release.
More ПроÐ?олженÐ?е
 SWISS
Re's half-year net income amounted to USD 2 billion
by vlad.boldijar@mxp.ro, 2014-08-07
SWISS Re reported that its consolidated net income totaled USD 802
billion for the second quarter of 2014, or 2% more y-o-y. Analyzing
the January-June figures, the same indicator was USD 2 billion (vs.
USD 2.2 billion in 1H 2013).
More ПроÐ?олженÐ?е
 AXA
posts strong first-half profit: +25% y-o-y, to EUR 3 billion
by vlad.boldijar@mxp.ro, 2014-08-07
French insurer AXA reported total revenues of EUR 49.7 billion for
the 1H2014 period, up 2% y-o-y, while the net income increased by
25% to EUR 3 billion, according to the half year activity indicators
published by the group. "This
half year is another stepping stone to achieving Ambition AXA. The
effective implementation of our strategy has delivered strong earnings
growth, the highest first half underlying earnings in the company's
history (note: up 11% to EUR 2.8 billion)", said Henri de CASTRIES, Chairman and CEO of AXA.
More ПроÐ?олженÐ?е
|
| PRESS
CUTTINGS |
|
| EDITORIAL |
 Preparing
for the rising tides
Flood damage could exceed EUR 11 billion a year in Europe by 2080,
a study released by the European Commission recently warned, while
the number of people affected by droughts could increase sevenfold,
and coastal damage from sea level rise could triple. The southern
region of Central Europe, where damages could rise from the present
EUR 2 billion/year up to EUR 5.2 billion/year and Southern Europe,
which would also experienced a considerable increase in damages totaling
up to EUR 1.3 billion/year are among the most potentially affected
regions under the simulation scenarios used in the EC study.
More
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European Forum on Claims Management for the Insurance
Industry
September 8-9, 2014
Frankfurt, Germany
Organizer: PROSPERO Events Group
Media Partner: XPRIMM Publications
For details: www.prosperoevents.com
4th Annual Risk Management Forum 2014
September 11-12, 2014
Vienna, Austria
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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
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
International Istanbul Insurance Conference
Main topic: Catastrophic Risks. Do we have enough
protection?
Septembre 25-26, 2014
Istanbul, Turkey
Organizer: Insurance Practitioners'
Association
IBF - Insurance Business Forum
September 18-22, 2014
Swissotel Kamelia
Sochi, Russia
Organizers: Delovoi Format
and National Insurance Guild
Co-organizer: Media XPRIMM
11th ICAR - International CAtastrophic Risks Forum
October 8, 2014
Bucharest, Romania
Organizer: Media XPRIMM
Media Partner: PRIMM Magazine
- Insurance & Pensions
Cyber Risks in Financial Services Conference
October 9, 2014
Parliament Palace, Bucharest, Romania
Organizer: Media XPRIMM
Media Partner: XPRIMM Publications
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
6th Annual Insurance Distribution Strategies Forum
October 29-30, 2014
Rome, Italy
Organizer: Fleming Europe
Media Partner: XPRIMM Publications
For details: www.flemingeurope.com
CASRISK 2014 - Caspian Risk Conference
November 6-7, 2014
Baku, Azerbaijan
Organizers: Azerbaijan Risk
Professionals Association (ARPA) and Media XPRIMM
WorldPensionSummit 2014
November 5-6, 2013
The Hague, Netherlands
Media Partner: XPRIMM Publications
For details: www.worldpensionsummit.com
International Insurance Forum 2015
April 19-20, 2015
Istanbul, Turkey
Pera
Palace Hotel
Organizers: Media XPRIMM and
Istanbul Underwriting Center
Media coverage: XPRIMM
Publications
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May 17-21, 2015
Brasov, Romania
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