 AIIF
2015 - Azerbaijan International Insurance Forum |
Namik
KHALILOV, MoF / Orkhan BAYRAMOV, AIA: Telematics is the future
of the motor insurance line and one of the main steps towards
reducing costs
by vlad.boldijar@mxp.ro, 2015-07-02
According to Azeri insurance market representatives, new technologies
such as telematics could contribute to the increase of the insurers'
efficiency - especially on the motor insurance business line.
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Fuad
KULIYEV, AzRe: The 2015 European Games have helped the development
of the reinsurance market
by vlad.boldijar@mxp.ro, 2015-07-02
This summer - from 12 to 28 June 2015, Baku hosted the inaugural
edition of the European Games, an international multi-sport event
for athletes representing the National Olympic Committees (NOCs)
of Europe. The event featured almost 6,000 athletes from 50 countries
competing in 20 sports. Fuad KULIYEV, Chairman of the Management
Board, AzRe pointed out the contribution of the European Games to
the development of the reinsurance market.
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The
insurance market in Azerbaijan, strongly affected by devaluation
by olesea.adonev@mxp.ro, 2015-07-02
"The beginning of this year was marked by devaluation, which resulted from
the decrease of oil prices, especially since Azerbaijan is an important oil producer
and exporter. The insurance companies in the region and in Azerbaijan have reduced
their costs and adopted a strategy that allows them to be more competitive", Samir SHARIFOV, Minister, Ministry of Finance Azerbaijan, explained during
AIIF 2015.
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| TOP
NEWS |
STATISTICS: POLISH
insurance market up 3% in Q1 2015
by vlad.boldijar@mxp.ro, 2015-07-06
Polish insurers' aggregate GWP was up by 2.95% y-o-y to PLN 14.37
billion (EUR 3.51 billion) in the first quarter of 2015, as the financial
indicators published by the Polish Financial Supervision Authority
(KNF) showed. Official figures also revealed that the amount of paid
claims/indemnities during the period was PLN 8.72 billion, representing
a decrease of 4.82% y-o-y.
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STATISTICS: SLOVAK
insurers' GWP rises 3.62% in January-March 2015
by vlad.boldijar@mxp.ro, 2015-07-03
The value of aggregate gross written premiums of insurer members
of Slovak Insurance Association - SLASPO has risen by an annual of
3.62% to EUR 632.29 million in the first three months of 2015, as
the preliminary SLASPO statistics indicated.
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ROMANIA:
24% y-o-y increase in GWP for OMNIASIG VIG in 1Q2015
by vlad.boldijar@mxp.ro, 2015-07-06
Romanian insurer OMNIASIG Vienna Insurance Group (VIG) recorded growth
in the first three months of 2015, with gross written premiums in
amount of RON 238.07 million, representing an increase of 23.95%
compared to the same period of last year. "OMNIASIG
VIG consolidates its profitable development based on a prudent underwriting
policy of the risks in order to keep solvency and liquidity indicators
at a high level, thus safeguarding the financial stability of the
company, as well as ensuring quality services for the products provided
to customers", the insurer pointed out in a press released on its website.
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STATISTICS: LATVIA,
1Q2015: Local insurers maintained the market in "black" due to the 2% decrease in GWP reported by the EU-branches
by vlad.boldijar@mxp.ro, 2015-07-06
According to FKTK - The Financial and Capital Market Commission,
the Latvian insurance market totaled EUR 151.21 million at the end
of March 2015, or 5.98% more y-o-y. At the same time, the value of
paid claims and indemnities was up by 11.69%, reaching EUR 75.64
million. The GWP of branches of EU insurers decreased by 2.05% to
EUR 38.84 million (or 25.68% from the total amount of premiums),
while the Latvian-based local insurers accounted for the rest of
74.32% or EUR 112.38 million (up by 9.06% y-o-y).
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STATISTICS: BELARUSIAN
insurers reported a 15% increase in GWP in the first quarter
by vlad.boldijar@mxp.ro, 2015-07-03
According to the results published by the Belarusian Association
of Insurers, in 1Q2015, total premiums in the insurance market have
risen by 15% year-on-year to BYR 1,880 billion. In European currency,
due to the devaluation of BYR in relation to EUR, the insurance market
did not show growth in terms of GWP: EUR 118 million, or 2.2% less
y-o-y. The claims paid by local companies reached BYR 993.88 million,
up by almost 40% compared to 1Q2014.
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AXA
ROMANIA: The deal with CERTINVEST and SIF Transilvania failed
by vlad.boldijar@mxp.ro, 2015-07-06
The French insurer AXA announced that the agreement with CERTINVEST
and SIF Transilvania to sell AXA's Life & Savings
insurance operations in Romania has failed. "AXA is reviewing its strategic options considering the interests of its clients
and employees in Romania", AXA Group officials declared.
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STATISTICS: GEORGIA,
1Q2015: 31% increase in GWP and a new market leader
by vlad.boldijar@mxp.ro, 2015-07-03
In January-March 2015, the Georgian insurance market increased by
31% y-o-y in local currency to GEL 115.92 million (EUR 48 million),
according to the data published by the Insurance Supervisory Office
- ISO. The positive trend recorded by the local insurance industry
was driven by the increasing of GWP reported in almost all business
lines.
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STATISTICS: UZBEKISTAN,
1Q: Market growth by 22% while the value of paid claims doubled
by vlad.boldijar@mxp.ro, 2015-07-03
In the first three months of 2015, the aggregate volume of GWP reported
by the Uzbek insurers was of UZS 135 billion (or EUR 50 million),
up by almost 22% y-o-y, according to the market data provided by
the Ministry of Finance of the Republic of Uzbekistan. At the same
time, claims paid for all types of insurance more than doubled and
amounted to UZS 31.2 billion (EUR 11.5 million), up by 114.8% y-o-y.
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| PRESS
CUTTINGS |
|
| INTERVIEW |
 Fuad
KULIYEV
Chairman of the Management Board
AzRe
Ratings assignment had a positive impact on AzRe's reputation on
the local market, as it is one of the highest ratings in the economy
of the country. Moreover, the rating allows us to underwrite more
risks from foreign markets. We have started writing more business
from post soviet countries, as well as some countries from the South
East Asia, Middle East, and Central/South America.
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| CURRENT
REPORTS |
| XPRIMM
TV |
Michael
THEILMEIER, Senior Vice President, GEN Re
"25 years Nat Cat in CEE – observations & recommendations"
|
| STATISTIC
UPDATES |
| POINT
OF VIEW |
 GDV
- German Insurance Association
There is virtual no building in Germany, which doesn't have fire
insurance. Additionally more than 90% of all buildings have an insurance
cover against losses from hail and storm. 40% of all buildings do
have an extended cover against natural hazards, including flood,
heavy rainfall, snow pressure, subsidence, landslides, etc. In the
past, the introduction of compulsory insurance against natural hazards
was discussed over and over again. However, because in Germany we
do have a working and efficient market for natural hazard insurance,
there is no need for a compulsory solution.
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|
| EVENTS |
WorldPensionSummit 2015
September 10-11, 2015
The Hague, Netherlands
Media Partner: XPRIMM Publications
For details: www.worldpensionsummit.com
5th Annual Risk Management Forum
September 10-11, 2015
Vienna, Rennaisance Wien Hotel
Organizer: Global Leading Conferences
KFT
Media Partner: XPRIMM Publications
For details: www.globalleadingconferences.com
Les Rendez-vous de Septembre 2015
September 12-17, 2015
Monte Carlo, Monaco
For details: www.rvs-monte-carlo.com
LIMRA European Annual Conference Paris 2015 -
The Sharing Economy Opportunities
September 20-22, 2015
Paris, France
Organizer: LIMRA EMEA
Media Partner: XPRIMM Publications
For details: www.limra.com
12th ICAR - International CAtastrophic Risks Forum
October 1th, 2015
Parliament Palace - Bucharest, Romania
Organizer: Media XPRIMM
Media Partner: PRIMM Magazine
- Insurance & Pensions
Global Summit for Insurance Innovation
October 7-8, 2015
Madrid, Spain
Organizer: INESE
Media Partner: XPRIMM Publications
For details: www.innovation.inese.es
2nd Annual Claims Management Conference
October 8-9, 2015
Ayre Hotel Caspe, Barcelona, Spain
Organizer: C-parity
Media Partner: XPRIMM Publications
For details: Download
PDF Agenda |
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