 TOP
NEWS |
VIG
3Q2014: Strong improvement in profitability terms supported by
the CEE results
by daniela.ghetu@mxp.ro, 2014-11-24
Vienna Insurance Group (VIG) reported for the first three quarters
of 2014 GWP amounting EUR 7 billion, in line with the previous year's
results, despite the significant negative exchange rate effects.
When adjusted to these effects, premiums increased by 1.7 percent,
states the Group's press release. Moreover, VIG recorded a 36.4%
increase in the gross profit, to EUR 430.8 million.
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GENERALI:
2015 targets already achieved or close to completion
by daniela.ghetu@mxp.ro, 2014-11-24
"The GENERALI Group has successfully achieved most of the targets set for 2015
with outstanding goals within reach or nearing completion," the Group stated at its 2014 Investor Day held on November 19th. "Over the past two years Generali has relentlessly pursued a strategy to fundamentally
transform its business without calling upon the help of shareholders. We have
delivered on our promise and we have achieved a goal which many thought would
not be possible," the GENERALI Group CEO, Mario Greco, said.
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SAVA
Re, 3Q2014: 2014 targets already exceeded, both in premiums and profit
by daniela.ghetu@mxp.ro, 2014-11-24
Despite extraordinary events, the SAVA Re Group recorded in
3Q2014 a net profit of EUR 25 million, nearly 7% up y-o-y, and
exceeding the full-year planned net profit by 4%. The February ice
damage in Slovenia had an impact of EUR 6 million on net profit.
GWP also increased at a high pace, of 27%, to EUR 371.2 million.
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UNIQA
adjusted its profit target for 2015 to EUR 425-450 million
by vlad.boldijar@mxp.ro, 2014-11-27
UNIQA Group Austria reported a profit on ordinary activities (EBT)
of EUR 275.2 million for the first nine months of the year, 3.3%
more y-o-y. For 2014 the Austrian insurer maintained its outlook
in EBT of about EUR 370 - 380 million, while for 2015 UNIQA adjusted
its original target to EUR 425 - 450 million. "Although
this is lower than our original target of 'up to EUR 550 million',
it still represents a double-digit percentage increase as against
2014", said UNIQA CEO Andreas BRANDSTETTER.
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STATISTICS: BELARUS,
3Q2014: Discrepancies between growth of premiums and claims gradually
reduced
by olesea.adonev@mxp.ro, 2014-11-25
In the first nine months of 2014, the total value of claims paid
by the Belarusian insurance companies increased by 17.17% compared
with 3Q2013, while premiums increased by only 11.87%. The level of
insurance payments in the total amount of insurance premiums increased
from 41.4% in the first nine months of 2013 to 43.3% in 3Q2014.
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STATISTICS: UZBEKISTAN:
Market growth by 29.23% due to positive results on mandatory insurance
by olesea.adonev@mxp.ro, 2014-11-25
In the first nine months of 2014, the volume of gross written premiums
collected by the Uzbek insurance companies totaled UZS 317 milliard
or EUR 103.10 million, up by 29.23% in national currency compared
with 3Q2013, according to market data provided by the Ministry of
Finance of the Republic of Uzbekistan.
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STATISTICS: KAZAKH
market decreased 6.4% y-o-y in 3Q2014 due the negative rates reported
by life, accidents, financial losses and CARGO sub-segments
by vlad.boldijar@mxp.ro, 2014-11-19
The Kazakh insurance market closed the first nine months of 2014
with a 6.4% decrease in GWP to KZT 206.4 billion (EUR 895 million),
according to the figures published by the National Bank of Kazakhstan.
87.5% of the total gross written premiums were related to direct
insurance contracts, the remaining rest (12.5%) being accounted by
accepted reinsurance contracts.
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STATISTICS: GEORGIA,
3Q2014: Still affected by negative rates in health insurance, the
local market reported a 44% decrease in GWP
by vlad.boldijar@mxp.ro, 2014-11-26
In January-September 2014, the Georgian insurance market decreased
by 44% y-o-y in local currency to GEL 225.95 million (EUR 101.6 million),
according to data published by the Insurance Supervisory Office -
ISO.
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ROSGOSSTRAKH
leaves the Belarusian insurance market
by olesea.adonev@mxp.ro, 2014-11-21
Since October 7, 2014 the Ministry of Finance of Belarus revoked
the license of ROSGOSSTRAKH for insurance activities on the local
market, the company announced in a press release.
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Ratings
of INGOSSTRAKH removed from CreditWatch list
by olesea.adonev@mxp.ro, 2014-11-21
STANDARD&POOR's removed the ratings of INGOSSTRAKH
Insurance Company from the CreditWatch list ("ratings under revision"), where S&P had placed them with negative implications on May 12, 2014. The outlook is
negative.
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Major
groups interested in the insurance and pension units of TURKEY's
state-owned HALKBANK
by vlad.boldijar@mxp.ro, 2014-11-19
European insurance groups such as AGEAS, AVIVA and ZURICH, Japan's
MEIJI YASUDA, NIPPON Life and SOMPO JAPAN Insurance, Malaysia's KHAZANAH
and U.S.-listed ACE Group are interested in the acquisitions of HALK
Hayat Emeklilik and HALK Sigorta, the pension and insurance units
of Turkish HALKBANK, according to REUTERS.
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HUNGARY:
MTPL rates remain the lowest in Central and South-Eastern Europe
by daniela.ghetu@mxp.ro, 2014-11-27
In Hungary the annual MTPL rates remained practically unchanged during
the first 3 quarters of 2014, the insurers' association MABISZ announced.
Thus, the average annual premium for MTPL insurance policies was
of HUF 20,094 (~EUR 65), among the lowest in Europe.
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TALANX
reaffirmed its FY2014 target for net income to at least EUR 700 million
by vlad.boldijar@mxp.ro, 2014-11-19
The TALANX Group closed the first nine months of 2014 with an operating
profit of EUR 1.44 billion, 4.9% more y-o-y. At the same time, the
group's net income improved slightly to EUR 530 million, or EUR 2
million more y-o-y, while the value of GWP increased by 1.6%, to
EUR 21.73 billion.
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UKRAINE:
Tariffs for Green Card policies up by 19%
by olesea.adonev@mxp.ro, 2014-11-18
The Motor (Transport) Insurance Bureau of Ukraine (MTIBU) increased
the tariffs on Green Card policies by 19%, Hence, new rates for this
type of motor insurance will be available starting November 19, 2014,
according to www.forinsurer.com.
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CertAsig
reports a solid, more profitable book of business in Turkey
by mihai.cracea@mxp.ro, 2014-11-14
CertAsig's aim to develop a transport focused book on the Turkish
insurance market is now a reality as 27% of the company's business
now comes from Turkey. That is why, to celebrate the recent achievements,
CertAsig hosted its 7th Annual Marine and Aviation cocktail party
on the 14th of November, at the Four Seasons Hotel in Istanbul. The
event was attended by almost 200 brokers and professionals from the
Turkish insurance market.
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| PRESS
CUTTINGS |
|
| CURRENT
REPORTS |
| INTERVIEW |
 Branko
VUJOVIC
President of the Council
Insurance Supervision Agency of Montenegro
Under conditions of limited economic growth, lower volume of investments
and reduced liquidity in the real sector in Montenegro, the insurance
sector is faced with limited financial potential of the economy and
reducing the purchasing power of the population. However, despite
this, the Montenegrin insurance companies have achieved growth in
assets in relation to the end of 2013, and a positive financial result.
Also, in the investment policy of the Montenegrin insurance companies
a dominant share has investment in traditionally low-risk securities
with fixed income - government bonds and bank deposits, which helps
to maintain domestic financial stability.
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|
| STATISTIC
UPDATES |
| EVENTS |
 The
13th edition of November Business Meetings of Reinsurers was
held in Moscow
by olesea.adonev@mxp.ro, 2014-11-27
"Despite the difficult times, there are still lots of opportunities
for the domestic insurance market. Therefore, I am confident that
the local market will further see a durable development",
stated Igor ALEKSEEV, President of the November Business Meetings
of Reinsurers Organizing Committee in the event's opening in Moscow.
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|
5th Annual Middle East & Africa
Insurance Summit
January 19-20, 2015
Dubai, United Arab Emirates
Organizer: FLEMING Gulf
Media Partner: XPRIMM Publications
For details: finance.fleminggulf.com
African Insurance Forum 2015
February 23-24, 2015
Johannesburg, South Africa
Organizer: FEXTONS
Media Partner: XPRIMM Publications
For details: ins.fextons.com
European Conference on Consumer Protection in
Financial Services
March 12th 2015
Palace of the Parliament, Romania
Organizers: APPA-The Romanian
Association of Insurance Promotion & UNSAR- The National Association of Insurance and Reinsurance Companies in Romania
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
Publications
For details: www.fiar.ro
7th International Insurance Conference
May 27, 2015
Luxembourg Congres Conference Centre
Organizer: Insurance Europe |
| ON
THE MOVE |
 Dieter
WEMMER is the new EcoFin Committee chairman
by daniela.ghetu@mxp.ro, 2014-11-21
Dr. Dieter WEMMER (57), CFO of ALLIANZ Group, has been elected chairman
of the Economic & Finance
(EcoFin) Committee of Insurance Europe.Dr. Dieter WEMMER started
his career in 1986 as a Pricing Actuary for ZURICH Re, later on holding
various management positions within ZURICH Financial Services. Since
2012 he is Member of the Board of Management of ALLIANZ SE. Starting
January 2013 WEMMER became Member of the Board of Management of ALLIANZ
SE, Controlling, Reporting, Risk (CFO).
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