 TOP
NEWS |
 VIG,
2014: GWP level preserved despite the strong adverse exchange
rate effects
by daniela.ghetu@mxp.ro, 2015-01-27
According to the preliminary results released today, Vienna Insurance
Group (VIG), the leading insurance group in Austria and the CEE region,
recorded direct unconsolidated premiums of around EUR 9.4 billion,
thereby reaching the same level as the previous year in spite of
negative exchange rate effects. Disregarding special currency effects,
the organic growth of the Group was of 2.6%. The countries consolidated
by the VIG in the "Remaining
Markets" segment prove their great potential for the Group's overall business by recording
a 10% growth in GWP. Following the 2014 results, VIG reached about
20% market share in its core markets.
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Insurance
Europe: Cost of insurance premiums in Europe could rise if the EU
doesn't make important changes
by adina.tudor@mxp.ro, 2015-01-27
The cost of insurance premiums in Europe could rise if the EU doesn't
make important changes to a set of data protection rules which it
is currently considering, said Insurance Europe, the European insurance
and reinsurance federation, in a recent press release.
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MUNICH
Re, 2014: EUR 3.2 billion profits after a lower than expected impact
of major losses
by daniela.ghetu@mxp.ro, 2015-02-05
With a consolidated result of EUR 3.2 billion in 2014, Munich Re
was able to roughly maintain the high level of EUR 3.3 billion from
the previous year. CFO Jorg SCHNEIDER summed up the preliminary figures: "With
this good result, we have once again demonstrated our robust earnings
strength. It is especially pleasing that all business fields have
contributed to this success again in the past year."
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STATISTICS: CIS
INSURANCE IN 3Q2014: GWP down by 10% due to difficult international
situation
by olesea.adonev@mxp.ro, 2015-02-03
The consolidated results of the CIS insurance markets for 3Q2014,
denominated in EUR, show an about 10% y-o-y decline in GWP terms,
mostly driven by the difficult economical and political situation.
In some cases the significant depreciation of the national currencies
against the EUR/USD also contributed greatly to the negative trend.
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STATISTICS: CROATIAN
insurers' 2014 GWP down by 5.7% due the negative rates reported on
the main non-life sub-segments
by vlad.boldijar@mxp.ro, 2015-01-30
Croatian insurers reported gross written premiums of HRK 8.56 billion
(EUR 1.11 billion) in 2014, down 5.68% y-o-y, according to the preliminary
market figures published by the Croatian Insurance Bureau. On insurance
classes, the non-life segment saw a 9.4% decrease, to HRK 5.92 billion,
while the life insurance segment generated a business volume of HRK
2.64 billion, up by 3.9% compared to FY2013.
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STATISTICS: BiH
insurers reported a 6.6% GWP growth-rate and a 24.2% increase in
claims in 2014
by vlad.boldijar@mxp.ro, 2015-01-30
At the end of 2014, the 24 insurers activating in the two administrative
entities that formed Bosnia and Herzegovina (FBiH - Federation of
Bosnia and Herzegovina and RS - Republika Srpska) reported gross
written premiums of BAM 562 million (EUR 287.4 million), up 6.6%
y-o-y, according to the aggregate figures from the two market authorities.
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STATISTICS: MONTENEGRIN
market ended 2014 "in red", influenced by decreases in property and motor insurance
by vlad.boldijar@mxp.ro, 2015-01-30
The Montenegrin insurance market totaled EUR 72.41 million at the
end of 2014, 0.50% less y-o-y, according to the preliminary statistics
published by the local Insurance Supervision Agency. As in the previous
reporting periods, the two market segments recorded similar dynamics:
Non-life insurance GWP was down by 3.31% (to EUR 59.85 million),
while the total life insurance premium grew by 15.45% (to EUR 12.56
million).
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STATISTICS: Compulsory
motor insurance pushed up the ALBANIAN market by 36.2% in 2014
by vlad.boldijar@mxp.ro, 2015-01-30
Albanian insurers reported gross written premiums of ALL 11.6 billion
(EUR 83 million) at the end of 2014, or 36.2% more y-o-y, being strongly
influenced by the positive growth rates recorded by the three compulsory
motor classes: DMTPL (+89%), Green Card (+57%) and Border policies
(+50%). At the same time, the aggregate value of paid claims was
approximately ALL 2.8 billion (EUR 20 million) or 4.7% more compared
with FY2013.
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STATISTICS: KOSOVO
insurers reported a 3.5% increase in 2014, supported by positive
rates in voluntary classes
by vlad.boldijar@mxp.ro, 2015-02-04
Last year, the Kosovo insurance market totaled EUR 80.08 million,
or 3.48% more y-o-y, according to the preliminary statistics published
by the Central Bank of the Republic of Kosovo (CBK). At the same
time, the volume of paid claims by local insurers decreased significantly
by 18.90%, to EUR 31.18 million.
More Продолжение |
PZU
will spend PLN 800m on developing the healthcare business, as
part of its PZU 3.0 strategy
by daniela.ghetu@mxp.ro, 2015-01-29
Poland's top insurer, PZU, plans to spend PLN 800 million on the
development of its healthcare segment by 2020, including PLN 450
million on acquisitions, CEO Andrzej KLESYK said. In its home market,
PZU targets an over 35% market share on the non-life insurance segment
and an over 43% share of the Polish life insurance business.
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EULER
HERMES has opened an office in BULGARIA and estimates +2% GDP growth
in 2015
by vlad.boldijar@mxp.ro, 2015-02-04
The French-based credit insurer EULER HERMES announced it has opened
an office in Bulgaria (Sofia) to provide trade credit insurance services
to local companies. "Growth
markets in Eastern Europe are an increasing focus for our European
clients and the Sofia office adds to our ability to provide them
with local market business intelligence for safe, sustainable growth", said Ludovic SENECAUT, CEO of EULER HERMES Northern Europe Region.
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FAIRFAX
to acquire QBE's UKRAINIAN business
by vlad.boldijar@mxp.ro, 2015-02-04
Canadian financial services holding FAIRFAX announced that it has
entered into an agreement with QBE Management (Ireland) Limited and
its Ukrainian partner to acquire QBE's insurance operations in Ukraine.
According to the Toronto-based holding's press release, the transaction
is subject to customary closing conditions, including various regulatory
approvals and is expected to close by the second quarter of 2015.
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PZU
sold its LITHUANIAN unit for EUR 54 million
by vlad.boldijar@mxp.ro, 2015-02-03
The Polish PZU, one of the largest CEE insurance groups, announced,
on February 3rd, that it agreed to sell 99.88% shares in its Lithuanian
subsidiary PZU Lietuva to Norway 's GJENSIDIGE Forsikring for EUR
54 million, to complete last year's EUR 360 million takeover of RSA
Group's assets in Baltic States.
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The
GEORGIAN insurers must change their legal form until the 1st of July,
2015
by olesea.adonev@mxp.ro, 2015-02-03
According to a new legislative proposal in Georgia, the insurance
companies, which are currently registered as Limited Liability Companies,
must change their status and form a Joint Stock Company until the
1st of July, 2015.
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PASHA
Hayat Sigorta: Over 80% increase in assets in 2014 and double digit
growth of the business volume
by daniela.ghetu@mxp.ro, 2015-02-03
PASHA Hayat Sigorta JSC recorded in 2014 a 83.2% y-o-y increase of
its assets volume, to AZN 94.8 million (~ EUR 99 million), according
to a recent statement of the company's Director on Strategic Development,
Israil GARAYEV made for the Trend Agency.
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Heading
towards an ideal fraud detection system
by adina.tudor@mxp.ro, 2015-02-02
In business, we have to deal with fraud whether we like it or not.
However, the insurance industry, which acts as a magnet for fraudulent
attempts, has to deal with it literally on a daily basis. There is
no way of preventing clients and employees from executing fraudulent
attempts, but what can be done is to provide for successful fraud
management using a capable detection system.
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Russian
Reinsurance in new conditions - Opportunities and Risks
by olesea.adonev@mxp.ro, 2015-02-03
The Russian reinsurance sector will be one of the main topics debated
during the XIX Annual Reinsurance Conference, which takes place between
April 16th and 17th in the President Hotel, Moscow, Russia. The event
is organized by All-Russian Insurance Association (ARIA), Reinsurers'
Committee, and co-organized by DELOVOY Format Group. PRIMM Insurance & Pensions
Magazine supports this event as Media Partner.
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|
| PRESS
CUTTINGS |
|
| ON
THE MOVE |
 Peter
BRAUMULLER replaces Victor ROD as Alternate Chair of EIOPA
by daniela.ghetu@mxp.ro, 2015-01-29
The Board of Supervisors of the European Insurance and Occupational
Pensions Authority (EIOPA) elected Peter BRAUMULLER, Managing Director
at Finanzmarktaufsicht - Austria, as EIOPA's alternate Chair, the
European supervisor announced.
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|
| CURRENT
REPORTS |
| ON
THE MOVE |
| STATISTIC
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
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
For details: www.consumerprotection.ro
3rd Annual Claims Forum
March 11-13, 2015
Munich, Germany
Organizer: FLEMING Europe
Media partner: XPRIMM Publications
For details: finance.flemingeurope.com
IX International Conference "Insurance
in Central Asia"
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
XI - Annual International Risk Management Conference
April 16-17, 2015
Almaty, Kazakhstan
Organizer: JSC Eurasia Insurance
Company
Media Partner: XPRIMM Publications
For details: www.theeurasia.kz
IIF 2015 - Motor Insurance - The Road towards
profitability
April 19-20, 2015
Istanbul, Turkey
Organizers: Media XPRIMM and
Istanbul Underwriting Center
Media coverage: XPRIMM
Publications
For details: www.internationalinsuranceforum.com
The Future of General Insurance in Africa
April 23-24, 2015
Organizer: Landsberg Communications
International - LCI
Media Partner: XPRIMM Publications
For details: www.lcisa.com
FIAR 2015 - The International Insurance - Reinsurance
Forum
May 17-21, 2015
Brasov, Romania
Organizer: Media XPRIMM
For details: www.fiar.ro
7th International Insurance Conference
May 27, 2015
Luxembourg Congres Conference Centre
Organizer: Insurance Europe |
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