 TOP
NEWS |
STATISTICS: SLOVENIA,
3Q2014: Aggressive price competition on the MTPL line pushed
market in negative territory
by daniela.ghetu@mxp.ro, 2014-12-11
The Slovenian insurance market saw a 2.8% y-o-y decrease in GWP at
the end of the first three quarters of 2014, to about EUR 1.5 billion.
Although the strongest relative decrease rate was recorded on the
life insurance side (-4.99%), both life and non-life insurance
sectors have lost about EUR 20 million of their total GWP amounts,
as compared with 3Q2013.
 More
STATISTICS: SLOVAKIA,
3Q2014: Divergent trends on the life and non-life insurance lines
by daniela.ghetu@mxp.ro, 2014-12-11
Gross premiums written in 3Q2014 by the Slovak insurers went up
y-o-y by 2%, to EUR 1.6 billion, at a fairly equal growth pace for
life
and non-life insurance segments. According to the Slovak National
Bank, the market supervisor, overall the number of insurance policies
grew by 4.13%, which compared with the GWP increase indicates a still
highly competitive market.
More
STATISTICS: Over
EUR 430 million in GWP for SERBIAN insurers due the double digit
growth rate in life segment
by vlad.boldijar@mxp.ro, 2014-12-11
In 3Q2014, the Serbian insurance market totaled RSD 51.4 billion
(EUR 432 million), representing an increase of 5.2% on a year earlier,
according to the statistics published by the National Bank of Serbia
(NBS). The value of paid claims on non-life segment increased 2.2%
y-o-y to RSD 16.5 billion (EUR 139 million) due the 14.4% growth
rate reported on properly insurance - a segment affected by catastrophic
floods in May 2014, while the value of life indemnities increased
by 33% to RSD 3.5 billion (EUR 29 million).
More
STATISTICS: The
ROMANIAN insurance market reached the lowest value in the past 7
years
by vlad.boldijar@mxp.ro, 2014-12-11
According to the preliminary data collected by INSURANCE Profile
Review, at the end of September, the Romanian insurance market totaled
RON 5.9 billion (EUR 1.3 billion), down 5.8% y-o-y. The life insurance
segment declined by 6,3% to RON 1.2 billion (EUR 236 milion), while
the non-life sector totaled RON 4.7 billion (EUR 1.07 billion), or
5,6% less y-o-y.
More
Investors
interested in ASTRA Asigurari
by mihai.cracea@mxp.ro, 2014-12-11
The second stage of the capital increase at Romanian insurer ASTRA
Asigurari is ongoing and there are a couple of investors interested
in the company, as Misu NEGRITOIU, President of the Financial Supervisory
Authority suggested during a press conference.
More
STATISTICS: BULGARIA
3Q2014: GWP and claims paid increased by similar amounts; non-life
profitability on the edge
by daniela.ghetu@mxp.ro, 2014-12-05
Bulgarian insurers recorded a 4.76% aggregated y-o-y GWP growth rate
in 3Q2014, to a total premiums volume of EUR 658.4 million. However,
although positive, the 9 months result seems to indicate a relative
slowdown of the market in the second half of 2014 (6.5% growth in
Q1 and 7.5% growth in 1H). At the same time, claims paid increased
by 10.4%, to EUR 343.98 million, in part as a consequence of the
extreme weather events recorded during summer.
More
STATISTICS: HUNGARY
3Q2014: Non-life market remained on a positive trend
by daniela.ghetu@mxp.ro, 2014-12-05
At the end of the third quarter of 2014, Hungarian insurers reported
an after-tax profit of HUF 20.65 billion (~EUR 66.53 million) on
a GWP volume of HUF 630.75 billion (EUR 2.03 billion), data published
by the National Bank of Hungary (MNB) and the insurers' association
MABISZ shows.
More |
The
MOLDAVIAN insurance brokerage market up 5% y-o-y in 3Q2014
by vlad.boldijar@mxp.ro, 2014-12-11
At the end of September, the Moldavian insurance brokerage market
totaled MDL 240 million (EUR 13 million), up 5% y-o-y, according
to the financial data published by the National Commision of Financial
Market. At the same time, the share of brokers in the total insurance
market increased from 26.3% (in 3Q2013) to 26.7% (in September 2014).
More
The
next step for the ROMANIAN brokerage market: 60% of the total market
by vlad.boldijar@mxp.ro, 2014-12-11
At the end of September, the brokerage market totaled RON 3.3 billion
(EUR 742 million), according to estimates based on financial data
submitted by 56 insurance brokerage companies, thus maintaining its
double-digit growth rates reported at the end of March (+16%), respectively
in the mid-year (+11%).
More
TRIGLAV
Group, 3Q2014: EUR 77 million net profit and improved ratings
by daniela.ghetu@mxp.ro, 2014-12-05
TRIGLAV Group ended the first three quarters of 2014 with a 36% rise
of the net profit, to EUR 77 million. Zavarovalnica TRIGLAV, the
parent company, contributed to this result with EUR 56.1 million,
an 11% increase over the corresponding period of 2013.
More
BiH:
JAHORINA Osiguranje rebranded to WIENER VIG
by vlad.boldijar@mxp.ro, 2014-12-05
Bosnian insurer JAHORINA Osiguranje (owned by VIG since October 2011)
said it has changed its name to WIENER Osiguranje VIENNA Insurance
Group to better reflect its ownership, the insurer announced in a
press release. "All
contracts issued under the name of JAHORINA will remain in force
until their expiration", declared Miroslav MISKIC, General Manager of WIENER Osiguranje VIG.
More
STATISTICS: CYPRUS,
3Q2014: The value of paid claims, down 30% y-o-y
by vlad.boldijar@mxp.ro, 2014-12-05
At the end of September 2014, the insurance market of Cyprus totaled
EUR 549 million or 3.9% less y-o-y, according to the report of the
Insurance Association of Cyprus on insurers' performance. On the
main insurance classes, the largest decrease in GWP was reported
in life insurance, from EUR 243 million to EUR 227 million (or 6.4%
less y-o-y), while the non-life segment decreased by 2.1% y-o-y to
EUR 321 million.
More
STATISTICS: GREECE,
3Q2014: Life policies have slowed the insurance market decline to
1%
by vlad.boldijar@mxp.ro, 2014-12-05
The Greek insurers reported gross written premiums of EUR 2.8 billion
in 3Q2014, down 1% y-o-y, according to a Report published by the
Hellenic Association of Insurance Companies (HAIC). The Report includes
figures from 59 insurers, representing 94.4% of the market's GWP.
Of these, 21 were active on the life insurance segment (97.8%
market share) and 48 were active on the non-life segment (91.9%
market share).
More
Are
you interested in one of the largest emerging insurance markets?
Register now at the African Insurance Forum 2015!
by adina.tudor@mxp.ro, 2014-12-03
According to official statistics, at the end of 2013, only 3.5 percent
of the African market was insured, indicating a vast opportunity
for insurance firms. Given this context, the African Insurance Forum
2015 addresses the many diverse and complex issues facing leaders
of the African general and life insurance sector. The high level
conference is dedicated to insurance or reinsurance company executives,
brokers, regulators, risk-managers and industry partners. XPRIMM
Publications support the event as Media Partner.
More |
| PRESS
CUTTINGS |
|
| CURRENT
REPORTS |
| INTERVIEW |
 Andrey
T. UNTON
General Director
BELARUS Re
The pressure the international market of reinsurance gets from other
capital markets is important. Therefore long-term partnerships between
the reinsurers and their clients, the ability to fit the needs of
reinsureds and
to offer best methods of their interests protection will be the key
to success. The reinsurance companies will have to take efforts to
explore new products to meet the demands of their clients or they
won't be able to compete with alternative capital markets.
More  Продолжение
|
| STATISTIC
UPDATES |
| EVENTS |
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 |
Juraj
LELKES appointed VIG special adviser for Slovakia and Romania
by vlad.boldijar@mxp.ro, 2014-12-08
Last week, VIENNA Insurance Group announced that starting from 1
January 2015, Juraj LELKES (CEO and Chairman of the Managing Board
of KOOPERATIVA Slovakia) will hold the position to advise the Chairman
of the Managing Board of VIG on the Group's future development in
Slovakia and particularly in Romania.
More |
|
