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NEWS |
IIF2015:
Paying fair compensations and preserving business profitability
- an achievable goal for motor insurers
by daniela.ghetu@mxp.ro, 2015-03-05
Can motor insurers be profitable betting on the motor business? This
is the question that the forthcoming edition of the "MOTOR
INSURANCE - the road to profitability" conference will respond, benefitting from the expertise of an outstanding group
of speakers. The 2015 edition's Keynote Speech will be given by Mariusz
WICHTOWSKI, President, Council of Bureaux.
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LITHUANIA:
COMPENSA Life showed steady growth in 2014
by vlad.boldijar@mxp.ro, 2015-02-25
The results of the Lithuanian Branch of the life insurance company
COMPENSA Life Vienna Insurance Group SE have been steadily growing
for three years consecutively. Compared to 2013, the total sum of
underwritten life insurance and health insurance premiums increased
by 35% and amounted to EUR 24 million (LTL 83 million).
More  Продолжение
STATISTICS: LATVIAN
market up 10% in 2014 due the double-digit growth-rate reported by
the EU branches
by vlad.boldijar@mxp.ro, 2015-03-05
According to the figures published by the Financial and Capital Market
Commission - FKTK, in 2014 the Latvian insurance sector totaled EUR
517.4 million, or 9.9% more y-o-y. During the reporting period, gross
premiums written by local insurers went up by 6% to EUR 371 million
(71.7% of total market), while the EU branches' business saw a double-digit
growth rate (+21%) to EUR 146.3 million (28.3% of total GWP).
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TRIGLAV,
FY2014: Preliminary figures show a 23% y-o-y increase in the Group's
net profit, despite the unfavourable business conditions
by daniela.ghetu@mxp.ro, 2015-03-05
The TRIGLAV Group ended 2014 with a net profit of EUR 85.7 million
or 23% more than in 2013 and as much as 31% above the budgeted level.
Net profit of Zavarovalnica TRIGLAV as the parent company amounted
to EUR 45.6 million, which represents a 6% decrease compared to the
preceding year. Return on equity of the parent company and that of
TRIGLAV Group in 2014 was 8.7% and 13.4% respectively.
More
STATISTICS: GREECE,
FY2014: Life insurance UL policies maintained the insurance market
at the 2013 level
by vlad.boldijar@mxp.ro, 2015-03-05
In 2014, the Greek insurance market totaled EUR 3.8 billion, 0.6%
less y-o-y, according to the preliminary market figures published
by the Hellenic Association of Insurance Companies (HAIC). Non-life
insurance GWP accounted for 51.8% of the total insurance premiums
(EUR 1.97 billion, 9.6% less y-o-y), while the life insurance segment
accounted for the remaining of the market (EUR 1.83 billion, or 11.4%
more y-o-y).
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UKRAINE:
Despite the crisis, GLOBUS VIG reported a 26% increase in GWP in
2014
by vlad.boldijar@mxp.ro, 2015-02-25
The Kiev-based insurer GLOBUS Vienna Insurance Group (VIG), reported
for the financial year 2014, gross written premiums of UAH 120.7
million (about EUR 6.3 million), 26% more compared to FY2013. In
the analyzed period, the Ukrainian insurer has concluded 317,000
insurance contracts, GLOBUS VIG said in a press release.
More Продолжение
UKRAINE:
MTPL - a "time bomb"
by olesea.adonev@mxp.ro, 2015-03-05
The exclusion of 18 companies from the Motor (Transport) Insurance
Bureau was the main event of the Ukrainian motor insurance market
in 2014.
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STATISTICS: UZBEKISTAN,
FY2014: The share of compulsory insurance in the total GWP increased
by over 1 pp
by olesea.adonev@mxp.ro, 2015-03-05
The Uzbek insurance market ended 2014 with a total gross written
premiums volume of UZS 439 billion, equivalent to EUR 146.98 million,
up by 29.74% in national currency as compared with 2013, according
to the market data provided by the Ministry of Finance of the Republic
of Uzbekistan.
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STATISTICS: BELARUS,
FY2014: Market up by 10.14% in local currency despite the challenging
economic environment
by olesea.adonev@mxp.ro, 2015-03-05
In 2014 Belarusian insurers received insurance premiums for direct
insurance and coinsurance in the amount of BYR 7.3 trillion, 10.14%
more as compared with January-December 2013 (BYR 6.6 trillion).
More Продолжение |
KAZAKHSTAN: "Insurance
in Central Asia" International Conference's agenda confirmed! Book your place!
by olesea.adonev@mxp.ro, 2015-03-02
The IX International Conference "Insurance
in Central Asia", a traditional event for the insurance and reinsurance leaders in Central Asia,
CIS and CEE countries, will take place between the 14th and the 15th
of April, 2015, in Hotel 'Holiday Inn', Almaty, Kazakhstan. The event
is organized by InterConsult Info with the support of the Kazakhstan
Association of Insurers. XPRIMM Publications support the event as
Media Partner.
More Продолжение
EIG
to acquire TALANX subsidiary companies in Bulgaria and Ukraine
by vlad.boldijar@mxp.ro, 2015-02-23
German insurer TALANX has sold its subsidiaries in Bulgaria and Ukraine
to Sofia-based EUROINS Insurance Group (EIG) "at
a price in the middle single-digit million euro range", as the German insurer noted in a press release. The deal is subject to customary
regulatory approvals from both Bulgarian and German authorities and
is expected to close in the second quarter of 2015.
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The
share of non-residents in the total Russian insurance companies'
authorized capital in 2014 decreased to 15.4%
by olesea.adonev@mxp.ro, 2015-02-26
The total capital owned by foreign investors and their subsidiaries
in the authorized capital of Russian insurance companies as of January
1, 2015 amounted to RUB 33.9 billion, according to a press release
published by the Bank of Russia.
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JLT
Group posted higher profit and revenues in 2014
by vlad.boldijar@mxp.ro, 2015-03-05
The London-based global provider of insurance and reinsurance solutions
JLT Group (Jardine Lloyd Thompson Group) posted revenues of GBP 1.1
billion for the full year 2014 (vs. GBP 974.6 million in 2013). At
the same time, the profit before tax was GBP 183 million (vs. GBP
177.4 million a year before).
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In
2014, AXA's earnings crossed the EUR 5 billion mark for the first
time
by vlad.boldijar@mxp.ro, 2015-02-25
Last year, the French insurance group AXA reported 3% y-o-y higher
revenues, to EUR 92 billion, and IFRS underlying earnings of EUR
5.1 billion (up 8%) "driven
by the growth on all business lines", the insurer said in a press release.
More Продолжение
GROUPAMA
posted a EUR 257 million full-year profit and a strong improvement
in operating income
by vlad.boldijar@mxp.ro, 2015-02-23
The French insurer GROUPAMA reported a net profit of EUR 257 million
in 2014, or 26% less y-o-y, a solid solvency margin of 253%, up 53%
compared with 2013 and an improvement of the combined ratio in non-life
insurance to 99.0% (-1.8%). At the same time, GROUPAMA reported a
strong improvement in operating income to EUR 129 million, compared
with EUR 10 million a year earlier.
More Продолжение
ALLIANZ,
FY 2014: 85 million customers chose the German group's products pushig
up revenues to a historical peak
by daniela.ghetu@mxp.ro, 2015-03-05
The total number of customers insured by ALLIANZ increased in 2014
by 2 million, to 85 million. In revenues terms, last year brought
to the German Group a 10.4% growth, to EUR 122.25 billion, reaching
a historical peak. "Geopolitical
tensions, continued market volatility and a further decline in interest
rates in 2014 led to lower global economic growth than expected," said Michael DIEKMANN, CEO of ALLIANZ SE.
More
SWISS
Re: reorganization measures temporarily pushed down reinsurer's net
income, to USD 3.5 billion
by daniela.ghetu@mxp.ro, 2015-03-05
Swiss Re delivered a full-year net income of USD 3.5 billion for
2014, driven by a strong underwriting performance and investment
results. L&H
Re reported a full-year net loss of USD 462 million, reflecting the
impact from several previously announced management actions as well
as the unwinding of an asset funding structure supporting a longevity
transaction.
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How
to reduce costs in claims management
by adina.tudor@mxp.ro, 2015-02-26
Dealing with claims is always about money. From the insured's point
of view, there is a feeling of safety and comfort that someone will
take care of all the bad situations that might happen in their lives;
but there is also the insurer's point of view. Besides being concerned
about the client's needs and satisfaction, claims handling includes
a lot of thinking about processing costs such as surveys, medical
reports, expenses of legal procedures, fraud and many others.
More Продолжение
The
XI International Risk Management Conference
by olesea.adonev@mxp.ro, 2015-02-26
Almaty (Kazakhstan), in the heart of Eurasia, will host the XI International
Risk Management Conference, organized by EURASIA Insurance and Reinsurance
Company. Media XPRIMM supports this event as Media Partner.
More Продолжение
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| PRESS
CUTTINGS |
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| INTERVIEW |
 Veronica
MALCOCI
General Director
GRAWE Carat Insurance Company
Moldova
At the moment, the insurance industry in Moldova is underdeveloped
because it is closely related to the economic, political and social
situation in the country. The compulsory insurance is currently the
most developed line. Moreover, over the past three years, the non-life
insurance segment remained on a positive trend.
More
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| CURRENT
REPORTS |
| STATISTIC
UPDATES |
| EVENTS |
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
Global Forum on Cyber Security for Financial Sector
May 11-12, 2015
Frankfurt, Germany
Organizer: PROSPERO Events
Media Partner: XPRIMM Publications
For details: www.prosperoevents.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
SORS Conference
June 10th-12nd, 2015
Sarajevo, Bosnia and Herzegovina
Organizer: Re/Insurance Association
of Bosnia and Herzegovina, TECTUS and SVIJET Osiguranja
Media Partner: XPRIMM Publications
For details: www.sors.ba
IIF 2015 - Property Insurance in a Stormy Era
June 22-23, 2015
Munich, Germany
Organizers: Media XPRIMM and
NTT Data
Media coverage: XPRIMM
Publications
For details: www.internationalinsuranceforum.com
AIIF - 2015 Azerbaijan International Insurance
Forum
AIIF
- 2015 Азербайджанский Международный Страховой Форум
July 2nd-3rd, 2015
Fairmont Hotel, Baku, Republic of Azerbaijan
Organizers: Azerbaijan Insurers
Association and Media XPRIMM
For details: www.xprimm.com |
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