 TOP
NEWS |
International
Insurance Forum Munich 2015: Why does it always rain on me?
by daniela.ghetu@mxp.ro, 2015-04-30
"Why does it always rain on me?" is a question
which probably came to the minds of those repeatedly affected by the floods in
many areas. For insurers though, the real question should be more about when
and how strongly will rain in the areas covered by their business. In this case,
models are the only tool helping re/insurance professionals to make their assessments.
 More
Austrian
VIG may resort to the M&A process in POLAND to increase its market share
by vlad.boldijar@mxp.ro, 2015-04-21
The Austrian insurer VIG plans to increase its market share in Poland
due to a slight decline of this indicator in 2014. The Austrian Group
may resort to M&A
in the process, company representatives told the local media. "The Polish insurance market is growing more than twice as fast as the Austrian
market and VIG Polska is expanding three times faster than the Polish
market. (...) We can expect our share in the market to grow", VIG CEO Peter HAGEN said, quoted by THE WARSAW VOICE.
More  Продолжение
ALLIANZ
FY2014: The CEE business remains strong although affected group's
repositioning in Russia and the Ukraine
by daniela.ghetu@mxp.ro, 2015-04-30
The Russian and Ukrainian markets' volatility, entailing the ALLIANZ
decision to reposition its property-casualty business and to focus
on commercial business lines in both countries, was the main driver
of the decrease in revenues recorded by the German Group for its
Central and Eastern European business. However, despite the challenging
environment, ALLIANZ reported solid results for 2014 in the region.
Total revenues decreased to EUR 3.2 billion, down 8.5% y-o-y.
More
Italy's
GENERALI performance in the CEE improved in 2014
by daniela.ghetu@mxp.ro, 2015-04-30
The GENERALI Group's operations in ten countries of the Central Eastern
Europe region developed very successfully in 2014, accounting for
5% of the Group's total GWP and 9% of the consolidated operating
profit. Five markets - Czech Republic, Poland, Hungary, Slovakia
and Serbia/Montenegro - are generating all together nearly 90% of
the Group's business in the region, whereas Romania, Slovenia, Bulgaria
and Croatia account for the remaining 10% of total GWP.
More
STATISTICS: SLOVAKIA
FY2014: EUR 181 million, the second highest consolidated net profit
in history
by daniela.ghetu@mxp.ro, 2015-04-30
The consolidated net profit of the Slovak insurance market amounted,
in 2014, to EUR 181.09 million, 13.4% up y-o-y, according to data
provided by the National Bank of Slovakia (NBS). "The
amount is the second highest in history, while the maximum, EUR 188
million, was reached in 2011," Julia CILLIKOVA, Director of the NBS Regulation and Financial Analysis Department,
told XPRIMM.
More
Private
health insurance increasingly popular in Poland; PZU prepared to
invest PLN 800 million until 2020 in the development of its health
insurance business
by daniela.ghetu@mxp.ro, 2015-04-30
Interest
in private healthcare in Poland is increasing, with the number of
people holding health insurance coverage amounting in 2014
to. 1.2 million, compared to 850 thousand a year earlier. Customers
have paid for health insurance PLN 400.9 million (~EUR 94 million),
up 19% y-o-y. The most popular are still group insurance, as the
Polish Chamber of Insurers (PIU) has recently stated.
More
STATISTICS: UKRAINE,
FY 2014: The insurance business is still not profitable due to the
decline and unfair competition on the market
by olesea.adonev@mxp.ro, 2015-04-30
Both external and internal factors determined an imbalance on the
Ukrainian insurance market, which in turn led to a 6.61% y-o-y decline
of the local market. In the analyzed period, the non-life insurance
line decreased by 12.80%, while the life insurance segment went down
by 6.03%.
More Продолжение
STATISTICS: ARMENIA,
FY 2014: The market's results have significantly deteriorated
by olesea.adonev@mxp.ro, 2015-04-30
If in the first half of 2014, the Armenian insurance market stagnated,
despite a certain growth of the key indicators, for the entire 2014,
the market's results significantly deteriorated. Namely, gross written
premiums decreased by nearly 13%, compared with claims that increased
almost twice (22.86%). The largest growth of claims, 138.51%, was
reported on the accident insurance segment, the most popular type
of insurance in Armenia.
More Продолжение |
Bulgarian
EIG reported a 50% increase in GWP in Q1 due to the 80% growth
rate reported on the Romanian MTPL sub-segment
by vlad.boldijar@mxp.ro, 2015-04-21
The Bulgarian insurance group EUROINS (EIG) - member of EUROHOLD,
reported for the first quarter of 2015 a 49.5% increase of gross
written premiums (GWP), up to EUR 54.5 million, according to preliminary
data published by the group. Positive rates were reported by EUROINS
Romania, EUROINS Macedonia and EUROINS Life, while the specialized
health insurer and EUROINS Bulgaria reported negative dynamics.
More Продолжение
AIG
to support its operations in 17 European countries from Bulgaria's
capital
by vlad.boldijar@mxp.ro, 2015-04-23
The US-based multinational insurance corporation AIG annouced it
opened a new Shared Services Centre (SSC) in Sofia, Bulgaria's capital.
The centre will support AIG's insurance operations in 17 countries
across Europe with Claims, Policy Servicing, Accounts Receivable
and Travel Assistance services.
More
Trust
Re inaugurates Morocco Representative Office
by mihai.cracea@mxp.ro, 2015-04-29
In a special cocktail Reception held in Casablanca, Trust Re announced
the official opening of its Representative Office in Casablanca,
Morocco to serve Trust Re's clients in North, Central and West Africa.
More Продолжение
MOLDASIG
takes over an insurance company from Ukraine through ASITO KAPITAL
by olesea.adonev@mxp.ro, 2015-04-23
ASITO KAPITAL, the Romanian insurance company controlled by MOLDASIG,
will take over 99% of the Ukrainian insurer STAR-POLIS's shares,
based in Kiev.
More Продолжение
Russian
reinsurance market is in the "working expectation mode"
by olesea.adonev@mxp.ro, 2015-04-23
In recent years, the Russian insurance market has grown steadily.
Re/insurance companies characterize the evolution of the last two
years as a period of "stagnation",
especially taking into account the level of inflation, as well as
the micro- and macro-economic situation in the country.
More
Is
the African insurance market attractive for foreign companies?
by adina.tudor@mxp.ro, 2015-04-21
The general insurance market in Africa has experienced rapid changes
in recent times. While industry regulations continue to evolve and
present new and complex challenges impacting insurance operations,
there are other business imperatives that are also changing in ways
never seen before.
More
Kazakhstan:
Introducing compulsory health insurance discussed at the IX International
Conference "Insurance in Central Asia"
by olesea.adonev@mxp.ro, 2015-04-30
Currently in Kazakhstan the possibility of introducing a compulsory
health insurance is intensively discussed. According to the official
local representatives, "the
introduction of compulsory health insurance may fundamentally change
the existing health care system. In many countries, the implementation
of the compulsory health insurance takes decades".
More Продолжение
The
XIX Annual Reinsurance Conference took place between the 16th and
17th of April in Russia
by olesea.adonev@mxp.ro, 2015-04-30
The Russian reinsurance sector was one of the main topics debated
during the XIX Annual Reinsurance Conference, which took place between
April 16th and 17th in the President Hotel, Moscow, Russia. The event
was organized by All-Russian Insurance Association (ARIA), Reinsurers'
Committee, and co-organized by DELOVOY Format Group. PRIMM Insurance & Pensions
Magazine supported this event as Media Partner.
More Продолжение |
| PRESS
CUTTINGS |
|
VIG, SWISS Re, Insurance Europe: Big names line up at FIAR 2015!
by adina.tudor@mxp.ro, 2015-04-30
Dr. Martin SIMHANDL, Member of the Managing Board & CFO,
VIENNA Insurance Group, will be one of the keynote speakers participating
at the International Insurance-Reinsurance Forum 2015. VIG is not
the only big player that announced its presence at the Forum this
year. Representatives of SWISS Re, the world's second largest reinsurer,
as well as Insurance Europe, the European insurance and reinsurance
federation, will also take part in the debates.
More |
| INTERVIEW |
 Anett
PANDURICS
President
MABISZ
For 2015, data exchange among insurers, according to the insurance
law, means a new task and challenge for the insurance companies.
The positive effect of the data exchange among the insurance companies
is expected to stop/to decrease frauds in the insurance contracts.
This will be clearly in the interest of the customers as well, by
defending the interests of the risk community.
More
|
| ANALYSIS |
 Market
for motor third party liability insurance in selected countries
of South East Europe
The motor third-part liability insurance represents the most important
insurance line of business, both in the developed and the developing
countries. The legal framework, premium and reserving based on actuarial
projections, guarantee funds, information systems, and reinsurance
techniques all are crucial for the development of a healthy MTPL
insurance system. In countries in transition, the normal practice
is to employ prescribed premiums, with policy conditions being set
by the government. As markets mature, countries should move toward
greater freedom in setting premiums, thus leading to a more efficient
allocation of risk and resources.
More |
| CURRENT
REPORTS |
| STATISTIC
UPDATES |
| EVENTS |
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
For details: www.internationalinsuranceforum.com
AIIF - 2015 Azerbaijan International Insurance
Forum
AIIF
- 2015 Азербайджанский Международный Страховой Форум
July 2nd-3rd, 2015
Organizers: Azerbaijan Insurers
Association and Media XPRIMM
For details: www.xprimm.com |
|
