TOP
NEWS |
PZU
is one step closer to finalizing the RSA subsidiaries' acquisition
in Poland and the Baltic states
by daniela.ghetu@mxp.ro, 2014-08-21
PZU's acquisition of the British Royal & Sun
Alliance Insurance subsidiaries in Poland and the Baltic keeps moving
forward as the Polish insurance market's leader recently got a green
light from anti-monopoly and consumer protection office UOKiK for
the takeover of insurer Link4, UOKiK said in a statement.
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UKRAINE:
Insurers could pay claims of EUR 17 milion for damages in areas hit
by anti-terrorist operations
by alina.ciobanu@mxp.ro, 2014-08-21
At the end of July, Ukrainian insurers received claims of UAH 97.38
million (EUR 5.5 million.) for insured losses in regions affected
by anti-terrorist operations. Insurers have already paid more than
UAH 12 million (EUR 685,000). The total claims could reach UAH 300
million (EUR 17 million), reports Forinsurer.com.
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ALLIANZ
1H2014: Half year results confirm the EUR 10 billion operating profit
target for the full year
by daniela.ghetu@mxp.ro, 2014-08-21
In the first half of the year, ALLIANZ Group reported the highest
total revenues in the company's history. Total revenues rose 7.8%
to EUR 63.42 billion. Operating profit climbed 6.4% to EUR 5.49 billion,
while net income attributable to shareholders advanced 3% to EUR
3.40 billion in 1H2014.
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GREECE:
ERGO to become the largest property-casualty insurer by acquiring
ATE Insurance
by vlad.boldijar@mxp.ro, 2014-08-21
The ERGO Insurance Group announced it has agreed to acquire 100%
of the Greek company ATE Insurance, the property-casualty arm of
PIRAEUS Bank - Greece's second-largest lender by assets. The purchase
price is EUR 90.1 million, ERGO noted in a press release. The deal
is pending regulatory approvals and is expected to be completed by
the end of 2014.
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AZERBAIJAN:
More and more people buy life insurance
by olesea.adonev@mxp.ro, 2014-08-21
In the first half of 2014, the insurance market of Azerbaijan increased
by 7.05%, to AZN 211.99 million, compared to AZN 198.02 million in
the same period of 2013, according to data presented by the Ministry
of Finance of the Republic of Azerbaijan.
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UNIQA
reaffirms its commitment to Russia and Ukraine
by olesea.adonev@mxp.ro, 2014-08-21
Austrian insurer UNIQA remains committed to doing business in Russia
and Ukraine, despite political tensions between these two countries,
said Andreas BRANDSTETTER, CEO of the group, in an interview for
WirtschaftsBlatt.
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MONTENEGRO's
insurance market down 1% y-o-y in H1
by vlad.boldijar@mxp.ro, 2014-08-21
Montenegro's insurance market declined by 1% on the year to EUR 35.3
million in the first six months of the current year, according to
data provided by the Insurance Supervision Agency (ANO). Gross written
premiums from non-life insurance totaled EUR 29.4 million, down by
4.4% y-o-y and accounted for ~83.4% market share, slightly lower
compared to 1H 2013 (86.3%).
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TURKEY:
15 years after the Marmara quake, 37% of the Turkish houses have
earthquake insurance
by daniela.ghetu@mxp.ro, 2014-08-21
The Turkish catastrophe insurance pool - DASK issued in the first
seven months of 2014 a total number of Mandatory Earthquake Insurance
policies of 6.5 million, which means that about 37% of the Turkish
houses are covered for the earthquake risk. The total premium value
amounted to TL 674 million (EUR 232.4 million).
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SLOVENIA
1Q2014: The downward trend continues
by daniela.ghetu@mxp.ro, 2014-08-21
Slovenian insurers ended the first quarter of 2014 with GWP of EUR
558 million, 2.5% less than in the same period of 2013. Thus, the
downward trend established last year continued. Paid claims also
decreased by 5.4%, to EUR 330 million.
More Продолжение |
TURKEY
1H2014: After years of double digit growth rates, the market
ends 1H with a 5.7% increase in premiums
by daniela.ghetu@mxp.ro, 2014-08-21
After the impressive growth rates recorded during the previous years,
in 2014 it seems the Turkish market is slowing down, with only a
5.75% increase in GWP y-o-y after the first half of the year, following
the 6.1% y-o-y increase reported in 1Q2014. Life insurance and motor
insurance are responsible for the current appeasement.
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INGOSSTRAKH
plans to reform its business across Russia
by olesea.adonev@mxp.ro, 2014-08-21
According to CEO of INGOSSTRAKH Insurance Company, Mikhail VOLKOV,
the insurance business in Russia is in a very difficult situation:
regulation gets tougher; MTPL is undergoing a crisis, etc.
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MOLDOVA
1H2014: Insurance payments increased by over 40% in the first half
year while revenues remained constant
by alina.ciobanu@mxp.ro, 2014-08-21
The Moldavian insurance market recorded, in the first half of this
year, a total gross written premiums volume of MDL 575.8 million
(EUR 31 million), a figure higher by 0.74% compared to 1H2013 (MDL
571.5 million - EUR 35.44 million), according to financial data centralized
by the National Commission for Financial Markets (NCFM).
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KOSOVO,
1H2014: Insurance market sees slight decrease in GWP
by vlad.boldijar@mxp.ro, 2014-08-21
During the first six months of the current year, due the volume of
gross written premiums criteria, the insurance sector in Kosovo reported
a slight decrease of 0.5% y-o-y to EUR 39.2 million, the Central
Bank data showed.
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ALBANIAN
insurers' GWP rises 34.6% during first half
by vlad.boldijar@mxp.ro, 2014-08-21
For the first six months of the current year, Albanian insurers reported
gross written premiums of ALL 5.32 billion (~EUR 38 million), 34.6%
more y-o-y, the official statistics published by Albanian Financial
Supervisory Authority (AFSA) indicated. The number of new insurance
contracts decreased by 1.34% y-o-y to 447,244 through June, AFSA
noted in a statement.
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UZBEKISTAN,
1H2014: Mandatory types of insurance contributed to the growth of
the local insurance market
by olesea.adonev@mxp.ro, 2014-08-21
In the first half of 2014, the volume of gross written premiums collected
by Uzbek insurance companies totaled UZS 220 milliard or EUR 70 million,
up by 23% in national currency, as compared with 1H2013, according
to the market data provided by the Ministry of Finance of the Republic
of Uzbekistan.
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KAZAKHSTAN:
Local market down by 4.64%
by olesea.adonev@mxp.ro, 2014-08-21
According to the revised data from the National Bank of the Republic
of Kazakhstan, in January-June 2014, gross written premiums collected
by local insurance companies totaled KZT 144 billion (EUR 578.73
million), which is 4.64% lower in local currency compared to the
same period of 2013.
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TALANX
forecasted 2-3% increase in GWP and net income of at least EUR 700
million for 2014
by vlad.boldijar@mxp.ro, 2014-08-21
The German insurer TALANX reported a slight growth in gross written
premium in the first half of 2014 to EUR 15 billion. At the same
time, the operating profit (EBIT) remained unchanged at EUR 1 billion,
the Group net income declines slightly to EUR 381 million (vs. EUR
410 million in 1H2013), while the combined ratio was roughly on par
with the previous year, at 96.4% (vs. 96.1%).
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ZURICH
reports BOP of USD 2.6 billion for H1
by vlad.boldijar@mxp.ro, 2014-08-21
Swiss ZURICH Insurance Group posted a 1H2014 business operating profit
(BOP) of USD 2.6 billion, up 15% y-o-y, while its net income attributable
to shareholders (NIAS) increased to USD 2.1 billion, from USD 1.9
billion in 1H2013. At the same time, the H1 combined ratio improved
by 2%, to 96.1%.
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|
EVENTS |
The
issues of agricultural insurance will be discussed in Istanbul
this October
by alina.ciobanu@mxp.ro, 2014-08-21
The world has gained experience in underwriting agricultural insurance,
using advanced satellite technology to simplify the process and various
methods of determining and quantifying risks for different cultures.
There are some countries which have been very successful in this
field, such as Austria, Spain, Turkey, Israel, the United States
and Canada. Ukraine also has moved forward significantly in comparison
with other CIS countries.
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|
PRESS
CUTTINGS |
|
EDITORIAL |
Shopping
season about to start!
The above title suggests neither the season's sales ready to begin
in the big clothing shops, nor the traditional 'groceries shopping'
before the winter. It is all about buying intelligence to feed your
future business decisions.
More
|
FUTURE
REPORTS |
STATISTIC
UPDATES |
EVENTS |
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
Media Partner: XPRIMM Publications
Organizer: Global Leading Conferences
For details: globalleadingconferences.com
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
For details: www.ins-df.com/en/ibf
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
For details: www.cyberrisks.ro
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
FIAR 2015 - The International Insurance - Reinsurance
Forum
May 17-21, 2015
Brasov, Romania
Organizer: Media XPRIMM
Media coverage: XPRIMM
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