 TOP
NEWS |
CEE
INSURANCE IN 3Q2014: Poland loses 1pp of its regional market
share but remains the unchallenged CEE insurance leader
by daniela.ghetu@mxp.ro, 2015-01-22
The first three quarters of 2014 ended for the CEE insurers with
an aggregated negative result in terms of GWP. Thus, underwritten
premiums decreased by 2.85%, to EUR 24.1 billion. In absolute terms,
the CEE market shrank by some EUR 706 million, the largest part of
this reduction (EUR 504 million) belonging to the Polish market.
The second largest fall in GWP came from the Czech market, almost
entirely representing the effects of the local currency devaluation.
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CEE
LIFE INSURANCE, 3Q2014: Five of the 10 largest markets pushed down
the regional results
by vlad.boldijar@mxp.ro, 2015-01-22
In 3Q2014, the CEE life insurance market decreased y-o-y by 4% to
EUR 10.5 billion, due to decreases reported by five of the 10 largest
markets in the region. Out of the total life GWP, the unit-linked
sub-segment accounted for about EUR 4.6 billion (1.6% less y-o-y),
the remaining EUR 5.9 billion representing GWP realized on other
life classes: traditional life policies, marriage and birth, and
other supplementary insurance.
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CEE
NON-LIFE INSURANCE, 3Q2014: The big players pushed down the regional
results
by daniela.ghetu@mxp.ro, 2015-01-22
The CEE non-life insurance business volume saw an almost 2% decrease
in GWP in 3Q2014, driven mostly by the significant fall of the premium
production in the Czech, Romanian, Polish and Croatian markets which
recorded a total decrease in GWP of almost EUR 340 million. However,
it is worth mentioning that in the Czech market's case the strong
devaluation of the local currency played a very important role, as
the market results denominated in CZK show a slight increase in the
non-life business volume.
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MOTOR
INSURANCE, 3Q2014: Still the arena of fierce competitors
by daniela.ghetu@mxp.ro, 2015-01-22
The CEE MTPL business fell in 3Q2014 by 1.15% y-o-y, in terms of
GWP, the East European specialty market remaining highly competitive.
However, one should notice that many of the CEE markets recorded
a positive change in GWP, but due to difference in market size all
these positive trends couldn't offset the effect of the 4% decrease
in GWP recorded in Poland.
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CEE
PROPERTY INSURANCE, 3Q2014: 4.2% fall in GWP despite the increased
weather related risks occurred
by vlad.boldijar@mxp.ro, 2015-01-22
In 3Q2014, the 17 markets of the CEE Region reported for the property
insurance sub-segments (summing up the "fire
and allied perils" and "other damages to property" classes) GWP of about EUR 3.07 billion. The value is 4.2% lower compared with
January-September 2013 and represents about 12.7% of total CEE insurance
market. At the same time, the value of property claims paid by CEE
insurers decreased by 8.5% to EUR 1.14 billion.
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CEE
GTPL INSURANCE, 3Q2014: Segment accounted for more than 4% of total
CEE market in 3Q2014
by vlad.boldijar@mxp.ro, 2015-01-22
By the end of September 2014, the CEE GTPL insurance market totaled
EUR 1.06 billion, 2.7% less y-o-y. This value represented about 4.17%
of CEE consolidated GWP figure (EUR 24.10 billion). At the same time,
paid claims amounted to EUR 13.46 billion, about EUR 1.07 billion
less y-o-y.
More |
CROATIA
Osiguranje owners may acquire KD holdings in SAVA Re
by daniela.ghetu@mxp.ro, 2015-01-22
Slovenian financial services group KD said last week that multiple
buyers are interested in the purchase of its stake in local reinsurer's
Sava Re capital. KD owns SAVA Re shares through its insurance subsidiary
ADRIATIC Slovenica and mutual funds managed by KD Funds. However,
no names were made public at this stage.
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Bulgarian
EIG reported a 1.65% decrease in GWP in 2014
by vlad.boldijar@mxp.ro, 2015-01-22
Bulgarian-based EUROINS Insurance Group (EIG) reported gross written
premiums of EUR 157.73 million during 2014, 1.65% less y-o-y, according
to a press release published by the financial holding EUROHOLD. This
rate was influenced by the negative dinamic reported by the Romanian
subsidiary (the largest subsidiary of the group in terms of GWP),
while EUROINS Bulgaria and EUROINS Macedonia reported positive rates.
More
GENERALI
CEE - the new identity of GPH after the 100% aqusition by GENERALI
Group
by vlad.boldijar@mxp.ro, 2015-01-22
GENERALI reached 100% ownership of GENERALI PPF Holding (GPH) by
acquiring the remaining 24% minority shareholding held by PPF Group
for a final price of EUR 1.25 billion. This transaction was in line
with the agreements signed on January 8, 2013, the Trieste-based
insurer announced in a press release. "With
the acquisition of the full ownership of GPH, the holding company
operating in Central-Eastern Europe changes its name into GENERALI
CEE Holding".
More
The
Czech credit insurer KUPEG enters Poland
by vlad.boldijar@mxp.ro, 2015-01-22
KUPEG, a leader on the Czech market for commercial credit insurance,
has opened an office in Warsaw - the capital of Poland. According
to the press release published by the company, the Polish office
will offer a portfolio of services which includes insurance against
the risk of non-payment of receivables from both domestic and foreign
customers, as well as enforcement of insured receivables.
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MOLDOVA:
The market capitalization exceeded half billion MDL at the end of
2014
by vlad.boldijar@mxp.ro, 2015-01-22
In December 2014, two Moldavian insurers increased their capital
by more than 100%, according to a press release published by the
National Commission of Financial Market (NCFM). The two capital increases
led the total market capitalization from over a half million MDL
at the end of 2014 to MDL 505.5 million (about EUR 26.6 million).
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Insurance
sector in the Middle East and Africa, analyzed by industry specialists
by adina.tudor@mxp.ro, 2015-01-22
The 5th Annual Middle East and Africa Insurance Summit, which took
place between the 19th and the 20th of January, focused on the immense
potential of the insurance sector in the Middle East and Africa region.
XPRIMM Publications supported the event as Media Partner.
More
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| PRESS
CUTTINGS |
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| CURRENT
REPORTS |
| INTERVIEW |
 Kairat
N. KELIMBETOV
President of the National Bank of the Republic of Kazakhstan
The creation of the National Office of Motor Bureau is taken into
consideration in order to improve the cross-border MTPL insurance
coverage, as well as for the integration of the Republic of Kazakhstan
in the framework of the EEA.
More
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UPDATES |
| EVENTS |
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
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March 12th 2015
Palace of the Parliament, Romania
Organizers: APPA-The Romanian
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3rd Annual Claims Forum
March 11-13, 2015
Munich, Germany
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IX International Conference "Insurance
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April 14-15, 2015
Almaty, Kazakhstan
Organizer: InterConsult Info
With the support of the Kazakhstan Association of Insurers
Media Partner: XPRIMM Publications
For details: www.allinsurance.kz
Russian Reinsurance Conference
XIX Edition
April 16-17, 2015
Moscow, Russia
Organizers: All-Russia Insurance
Association & DELEVOY Format Group
Media coverage: XPRIMM
Publications
For details: ins-df.com/reconference
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April 19-20, 2015
Istanbul, Turkey
Organizers: Media XPRIMM and
Istanbul Underwriting Center
Media coverage: XPRIMM
Publications
FIAR 2015 - The International Insurance - Reinsurance
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May 17-21, 2015
Brasov, Romania
Organizer: Media XPRIMM
For details: www.fiar.ro
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May 27, 2015
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