 TOP
NEWS |
IIF
2015 - Property Insurance in a Stormy Era: Talking about the
Nat Cat protection in the reinsurance hub of Munich
by daniela.ghetu@mxp.ro, 2015-04-02
"Estimated total economic losses of the devastating May 2014 floods came to
staggering EUR 1.5 billion, which represents 4.5% of Serbia's GDP. Low penetration
of insurance was evident in the amount of insured losses that were less than
EUR 40 million," recently stated for XPRIMM a representative of the National Bank of Serbia.
Beyond the important impact that this discrepancy between the total losses and
the volume covered by insurance had on the Serbian economy, this piece of information
is also relevant for the significant Nat Cat protection gap in the young European
insurance markets.
 More  Продолжение
"MTPL
- From West to East" - the editorial premiere of the XPRIMM Motor Insurance Report's 3rd edition
by daniela.ghetu@mxp.ro, 2015-04-02
The third edition of the XPRIMM Motor Insurance Report will meet
its first readers on April 20th, in Istanbul, on the occasion of
the "IIF
2015 - Motor insurance-the road towards profitability" conference.
The top novelty offered by the report will be the first
edition of the study "MTPL - From West to East - Current Systems", which aims to paint a comprehensive picture of the MTPL markets in some of
the most developed countries in Europe.
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5
great conclusions from the 3rd Claims Forum Conference
by adina.tudor@mxp.ro, 2015-03-24
The 3rd Annual Claims Forum, which took place between the 11th and
the 13th of March 2015, gathered in Munich, Germany, insurance professionals
specializing in motor insurance. Besides studying various specific
claims areas such as Nat Cat or bodily injuries, the top claims and
fraud experts discussed compliance and regulations, CRM and effective
claims management as well as many issues connected to the detection,
investigation and prevention of fraud.
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UKRAINE:
ALLIANZ UKRAINE leaves the motor insurance segment
by olesea.adonev@mxp.ro, 2015-03-31
The general meeting of the Motor Insurance Bureau of Ukraine excludes
ALLIANZ Ukraine (Kiev) from a member of the Bureau on the basis of
statements made by the Company. The insurer is obliged to fulfill
the obligations under previously signed contracts. Moreover, in 2014
the share of MPTL insurance in the insurer's portfolio totaled 2.21%,
according to FORINSURER.
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VAN
AMEYDE Polska becoming fully Dutch
by mihai.cracea@mxp.ro, 2015-03-20
With the start of 2015 the company VAN AMEYDE International BV of
the Netherlands has got a 100% stake in its daughter company - VAN
AMEYDE Polska. These changes are a reflection of strengthening the
company's position in the European market and its further expansion.
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TALANX
reported solid growth rates in 2014
by vlad.boldijar@mxp.ro, 2015-04-02
German Group TALANX closed the financial year 2014 with an operating
profit of EUR 1.9 billion, or 7.1% more y-o-y. The net income improved
by 5% to EUR 769 million exceeding the EUR 700 million outlook threshold,
while the agregate value of gross written premiums increased by 3%
y-o-y to a record of EUR 29 billion. At the same time, the Group's
combined ratio rose slightly to 97.9% ( vs. 97.1% in 2013) "as
a result of the higher burden in primary insurance", the German insurer noted in a statement.
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STATISTICS: RUSSIA
FY2014: The internal chronic problems affected the insurance market
more than the international sanctions
by daniela.ghetu@mxp.ro, 2015-04-02
The Russian insurance market recorded in 2014, for the first time,
a negative trend in real terms: while GWP grew by 9.16% in Russian
currency, to RUB 987.78 billion, the y-o-y inflation rate recorded
by the end of 2014 stood at about 11%, according to the international
statistical databases. At the same time, claims paid surged by 12%
in nominal terms, to RUB 472.27 billion, the largest contribution
to this higher claims volume belonging to the motor insurance lines.
More Продолжение |
STATISTICS: POLAND
FY2014: decreasing trend continued both in business volume and
aggregated net profit terms
by daniela.ghetu@mxp.ro, 2015-04-02
The Polish insurance market preserved in 2014 the downward trend
established in the previous year, with GWP recording a 5% decrease
(in local currency) of the overall GWP volume (7.65% in euro), to
PLN 54.9 billion (EUR 12.89 billion). Life insurance segment continued
to see substantial reduction in GWP, although to a less dramatic
pace than one year ago (-8.3% in 2014; - 14.06% in 2013 in Polish
zloty - PLN).
More
STATISTICS: SLOVENIA
FY2014: Falling MTPL prices affect the market size and raise the
market authority's concern
by daniela.ghetu@mxp.ro, 2015-04-02
Slovenian insurers saw again a negative change in the overall market
results in 2014, with GWP decreasing by 2%, to EUR 1.94 billion.
The negative trend affected both life and non-life insurance segments.
Paid claims also decreased by 2.5%, to EUR 1.33 billion.
More Продолжение
STATISTICS: BULGARIA,
FY2014: The insurance market increased by 2.6% y-o-y driven by the
double digit growth rate reported on life segment
by vlad.boldijar@mxp.ro, 2015-04-02
Statistical data published by the FSC - Financial Supervision Commission
indicate for the financial year 2014 an 2.6% y-o-y increase of the
Bulgarian insurance market to EUR 907.4 million. Life insurance market
totaled EUR 174.1 million or 11.3% more y-o-y due the increase of
traditional segment by 10%, while the non-life insurance sector generated
about 80% of the total insurance market, the equivalent of EUR 733.3
million, up by 0.8% compared to FY2013 figures.
More
STATISTICS: CYPRUS
insurance market declined by 3% in 2014
by vlad.boldijar@mxp.ro, 2015-04-02
At the end of 2014, the Cypriot insurance market totaled EUR 727
million, recording an annual decrease of 3%, according to the figures
published by the Insurance Association of Cyprus (IAC). The value
of paid claims declined by 26% y-o-y to EUR 459 million. In case
of life insurance, IAC reported a negative dynamic of 4.7% y-o-y
to EUR 304 million while in case of non-life insurance segment, the
decrease was 1.9% y-o-y to EUR 423 million.
More
STATISTICS: MACEDONIA
FY2014: Preliminary figures indicate significant growth rates in
property claims
by vlad.boldijar@mxp.ro, 2015-04-02
The preliminary FY2014 statistics indicate for the Macedonian insurance
market a total GWP volume of EUR 124 million, 6.1% up y-o-y. Life
insurance segment generated a 21.8% y-o-y growth rate (to EUR 14.5
million), while the non-life insurance classes increased by 4.3%
y-o-y to EUR 109.6 million. At the "claims
chapter", the aggregate value increased by 3.2% to almost EUR 50 million. Life indemnities'
volume went down by 10.6% y-o-y to EUR 1.7 million, while on the
non-life segment the aggregate growth rate was 3.8% (to EUR 48 million).
More Продолжение |
| ON
THE MOVE |
| POINT
OF VIEW |
 Yassir
ALBAHARNA
CEO
ARIG - Bahrain
The majority of ARIG's reinsurance portfolio performed well in a
challenging market, where we have seen risk premiums reducing year
by year. Apart from the underwriting result, we are pleased to see
our investment result holding up, while we are pursuing a strategy
that protects our stakeholders' capital.
Apart from the underwriting result, we are pleased to
see our investment result holding up, while we are pursuing a strategy
that protects our stakeholders' capital.
More
|
| PRESS
CUTTINGS |
|
| INTERVIEW |
 Dmitry
SHAYDULIN
CEO
GLINSO Re/Insurance Brokers
Russia
One has to say openly and frankly that sanctions do not go without
impacting the Russian market. The participation of Western reinsurers
in obligatory treaties as it was within all previous years nowadays
is sort of questionable. The Russian cedants keep eyes on alternative
markets and risks transfers. Western reinsurers have unfortunately
to lose the shares they kept in "privileged" areas
like state-owned-property or perfectly-well-guarded-cargo.
More
|
| CURRENT
REPORTS |
| STATISTIC
UPDATES |
| EVENTS |
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
XIX-th Russian Reinsurance Conference
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
Bancassurance. Products and Technologies
April 25, 2015
Radisson Blu Belorusskaya
Moscow, Russia
Organizer: ICG "Business
Service"
Media Partner: XPRIMM Publications
For details: events.bis-info.ru
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
Global Bancassurance & Alternative
Distribution Channels Conference
21-22 May, 2015
Prague, Czech Republic
Organizer: Corporate Parity
Media Partner: XPRIMM Publications
For details: www.c-parity.com
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: SorS, TECTUS and
SVIET 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 |
|
