 3rd
Joint European Supervisory Authorities Consumer Protection Day
2015 |
Stronger
leadership from top firms the key to tackle conduct risks in
financial services
by alexandru.ciuncan@mxp.ro, 2015-06-03
A surprising result for one of the audience voting sessions at the
3rd Joint European Supervisory Authorities Consumer Protection Day
2015 in Frankfurt am Main. When asked about what will have the biggest
impact in tackling conduct risks in financial services, 36% out of
some 250 participants at the conference have chosen "stronger
leadership from top firms".
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Jonathan
HILL, EU Commissioner for Financial Stability: The trialogue on IMD
2 is in an advanced stage
by alexandru.ciuncan@mxp.ro, 2015-06-03
"What can we do more to serve the interests of consumers? [...] This is the
bedrock of our financial system". This was the focus point of Jonathan HILL, European Commissioner for Financial
Stability, Financial Services and Capital Markets Union, during his speech held
on June 3, 2015 at the 3rd Joint European Supervisory Authorities Consumer Protection
Day 2015 in Frankfurt am Main.
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| SorS
Conference |
SorS
- The meeting of insurers and reinsurers began in Sarajevo
by adina.tudor@mxp.ro, 2015-06-11
Wednesday, June 10, the 26th edition of SorS - The Meeting of Insurers
and Reinsurers - began in Sarajevo. The event is dedicated to the
local insurance markets from the former Yugoslavia. XPRIMM Publications
are represented at the conference by Daniela GHETU, Editorial Director,
Publications PRIMM, and Vlad BOLDIJAR, Editor-in-Chief, XPRIMM International
Publications.
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SorS
2015 - Reviewing the lessons of the 2014 floods in the Adriatic area
by daniela.ghetu@mxp.ro, 2015-06-11
The market presentations section of the SorS conference started today
under the sign of the 2014 floods which strongly affected the entire
region. "The
rich summer rain falling this morning in Sarajevo reminded us about
the dramatic events of 2014, but also about the fact that very few
homes and farms in our country are insured", emphasized Suzana SAKOTIC, Senior Associate for finance and actuarial activities,
Insurance Agency of Bosnia and Herzegovina.
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TRUST
Re: eAccounting system reduced the number of days for paying claims
by daniela.ghetu@mxp.ro, 2015-06-11
"We are here not only for a few days, participating at this conference, we
want to remain here for the future decades and to develop a good business, bringing
value in this region", Sinisa LOVRINCEVIC, Branch General Manager, TRUST Re, Cyprus, during SorS 2015.
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MTPL,
an important topic at SORS 2015
by daniela.ghetu@mxp.ro, 2015-06-11
MTPL tariff liberalization is a common concern of all countries in
the ex-Yugoslav region. The effects created by liberalization in
Croatia, where tariffs have tumbled massively, affecting profitability
and quality indicators of the market, attracted the attention of
all other markets, in various stages of the liberalization process.
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| TOP
NEWS |
Vienna
Insurance Group increases distribution opportunities in Bulgaria.
BULSTRAD acquires UBB-AIG
by mihai.cracea@mxp.ro, 2015-06-02
VIG Group company BULSTRAD has entered into an agreement to acquire
a 100 percent stake in the company UBB-AIG and conclude a cooperation
agreement with United Bulgarian Bank (UBB). This acquisition allows
the Group to diversify its portfolio in Bulgaria and to increase
- in the sense of its multi-channel distribution strategy - its sales
potential.
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RENOMIA
enters the Romanian market
by adina.tudor@mxp.ro, 2015-06-11
RENOMIA, the leading insurance broker in the Central Europe, member
of one of the biggest international networks, enters the insurance
brokerage market in Romania by acquiring the local broker SRBA Broker
de Asigurare, with headquarters in Bucharest.
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STATISTICS: BOSNIA,
1Q2015: RS based insurers maintained the country GWP "in black"
by vlad.boldijar@mxp.ro, 2015-06-11
In the first three months of 2015, BiH's insurance market totaled
almost EUR 70 million (BAM 136.8 million), 0.4% more y-o-y as a result
of an increase of over 5.5% (to EUR 19.8 million) of insurance companies
based in the Republic of Srpska (RS), according to the figures published
by the two market authorities. The volume of FBiH insurers' GWP
decreased by 1.5% y-o-y, totaling EUR 50.1 million.
More
STATISTICS: KAZAKH
insurers up by 8.7% in the first quarter
by vlad.boldijar@mxp.ro, 2015-06-11
Kazakh insurers reported an 8.7% increase of GWP in the first three
months of 2015 reaching KZT 72.5 billion (approximately EUR 360 million),
according to the market statistics published on the National Bank
website. In the analyzed period, the value of paid claims totaled
KZT 20.5 billion (more than EUR 100 million), up by 25.4% y-o-y.
More
VIDEO: SKALA
Reinsurance Brokers, Russia: There are huge military risks without
any coverage and it creates a tension with our insurance companies
by oana.racatej@mxp.ro, 2015-06-11
In the context of the recent political and economic changes on the
Russian market, re/insurance companies feel that in the last couple
of years a period of stagnation took hold of the market, especially
taking into account the level of inflation and economic situation
of the country.
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STATISTICS: LITHUANIAN
insurance market reaches its highest performance of GWP over the
first quarter
by vlad.boldijar@mxp.ro, 2015-06-11
In the first quarter of 2015, the Lithuanian insurance market grew
by 6.9% in terms of premiums written year on year, and amounted to
EUR 150.7 million. This is the highest performance of premiums written
over the first quarter in the history of the domestic insurance market.
More |
PZU
bets on banking for its further growth
by daniela.ghetu@mxp.ro, 2015-06-11
The Polish financial group PZU takes steps to lay the foundations
of a new development direction of its business, aiming to play a
significant part in the Polish banking system's consolidation and
simultaneously to find a new growth reservoir for its future development.
To begin with, PZU has agreed to buy a 25% stake in mid-tier Polish
lender ALIOR Bank and announced it is interested in two more acquisitions
as part of a plan to build a top-five banking group, REUTERS reported.
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TRIGLAV:
The sale of CZECH non-life unit to VIGO Finance completed
by vlad.boldijar@mxp.ro, 2015-06-11
Slovenian insurer TRIGLAV announced it has completed the sale of
its Czech non-life unit, TRIGLAV Pojistovna, to VIGO Finance - part
of the VIGO Investments Group. TRIGLAV reached an agreement with
VIGO regarding the sale of its Czech subsidiary in October last year.
More
CROATIA
Osiguranje sale questioned by opposition in the Croatian Parliament
by daniela.ghetu@mxp.ro, 2015-06-11
One year after its completion, the CROATIA Osiguranje's privatization
may be subjected to a parliamentary investigation, following the
main opposition party's allegations on the privatization procedures
and financial terms.
More
AZERBAIJAN:
Uninsured drivers may lose their driving licenses
by daniela.ghetu@mxp.ro, 2015-06-11
Azerbaijani drivers without the compulsory MTPL insurance may lose
their driving licenses, Trend Agency reports. This was announced
at the briefing organized by Elkhan GULIYEV, the Head of the Compulsory
Insurers Bureau (ISB).
More
Which
were the winners of the 29th MILLI Re International Insurance Tennis
Tournament?
by adina.tudor@mxp.ro, 2015-06-11
Organized by MILLI Re, the 29th edition of the traditional "International
Insurance Tennis Tournament" took place at Miltas - Suadiye Sports Complex between the 5th and the 7th of
June. 64 competitors, representing 33 local and 31 foreign players
from 43 companies, participated at the event.
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AIDA
Europe Conference: What are the main legal challenges for the European
insurance market?
by oana.racatej@mxp.ro, 2015-06-11
For two days, representatives of leading insurance companies and
legal professionals from over 25 countries are gathering in Copenhagen,
Denmark, to discuss about a wide range of insurance issues of particular
European interest, during the 5th AIDA Europe Conference. XPRIMM
Publications support this event as Media Partner.
More
What
are the best strategies to develop your business in West Africa?
by oana.racatej@mxp.ro, 2015-06-11
If you want to know what are the best strategies you can adopt in
order to grow on the West African market, then the Insurance Penetration
West Africa Summit is the place to come. The event is set to take
place on the 21st and 22nd of October 2015 at the prestigious Dubai
Creek Golf & Yacht
Club in Dubai. XPRIMM Publication support the event as Media Partner.
More |
| PRESS
CUTTINGS |
|
| INTERVIEW |
 Bozana
SLJIVAR
Director
Insurance Agency of Republic of Srpska
Bosnia and Herzegovina
Raising awareness about the importance of insurance, with an emphasis
on non-mandatory and life insurance, is a necessity. Efforts should
be invested in attempts to reduce the share of MTPL in non-life business.
The reasons for lagging behind should be sought both in the general
economic circumstances, such as economic stability, the achieved
level of the standard of living, and in specific circumstances such
as those related to tax exemptions and other incentives, the insurance
culture and the low level of financial literacy in the population.
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| CURRENT
REPORTS |
| STATISTIC
UPDATES |
| POINT
OF VIEW |
 Krzysztof
JABLONSKI
Managing Director
Van Ameyde CEE
Claims managers Van Ameyde CEE have been active in the Central Eastern
European and CIS countries for some ten years now. The company has
developed from motor, bodily injury and property claims handling
to providing complete claims outsourcing services as well as IT solutions
aimed at making claims processes more efficient. Van Ameyde is the
only claims management organisation with its own full-service IT
company, called (Zero)70 with offices in Rijswijk (the Netherlands)
and Lisbon (Portugal).
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|
| EVENTS |
Vth AIDA Europe Conference
June, 11-12, 2015
Copenhagen, Denmark
Organizer: Association Internationale
de Droit des Assurances
Media Partner: XPRIMM Publications
For details: www.aida.org.uk
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
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