 TOP
NEWS |
 VIG
continues to expand in the Baltics: Latvian non-life insurer
Baltikums AAS acquired
by daniela.ghetu@mxp.ro, 2015-08-13
Vienna Insurance Group (VIG) has signed an agreement to purchase
100% of BALTIKUMS AAS, Riga. The acquisition of the Latvian insurance
company is subject to regulatory approvals."VIG
has grown on average by around 30% per year in the past five years
in the Baltic insurance market. The acquisition of BALTIKUMS AAS
now gives us the opportunity to continue the prosperous path of our
teams. We will take advantage of the attractive market potential
and further strengthen our position", stated Peter HAGEN, CEO of Vienna Insurance Group.
 More  Продолжение
 Does
climate change affect you? How do you manage catastrophic risks?
by oana.racatej@mxp.ro, 2015-08-13
The World Bank, RMS - the world's largest catastrophe modeling company, and SWISS
Re - one of the leading reinsurers - are only a few of the organizations and
companies that will be present at ICAR Forum - The International Catastrophic
Risks Forum to talk about climate change and catastrophic risk management.
More
Russia:
Can a new national rating agency become an alternative to the international
rating agencies?
by olesea.adonev@mxp.ro, 2015-08-11
At the end of July 2015 the National Bank of Russia has announced
its intention to create a national rating agency, which may start
its activity in the fourth quarter of 2015. Its capital is planned
to reach approximately RUB 3 billion with equal distribution of shares
between investors amounting to 5%. Preliminary subscription for shares
will be held until the end of August 2015.
More Продолжение
Azerbaijan
to host the IAA Regional Seminar
by olesea.adonev@mxp.ro, 2015-08-11
Over two days, September 28th - 29th, 2015, in Holiday Inn Hotel,
Baku, Azerbaijan the IAA Regional Seminar will be held. The event
is organized by the Actuarial Association of Azerbaijan with the
support of the International Actuarial Association (IAA), by its
Advice & Assistance
Committee and IAA Fund.
More Продолжение
Russia:
2015 - a challenging year for the insurance industry
by olesea.adonev@mxp.ro, 2015-08-10
Economic stagnation, rating downgrade, currency devaluation and the
banking sector crisis, as well as the introduction of international
sanctions represent the main topics discussed during the 2nd Edition
of the Annual Insurance Business Forum "Challenges
of the year 2015". The Forum will take place between September 7 and September 11, 2015, at the
Swissotel Sochi Kamelia Hotel in Russia.
More Продолжение |
Solvency
II: What can go wrong?
by oana.racatej@mxp.ro, 2015-08-04
As Solvency II is coming up, the European insurance industry is facing
an extensive transformation. However, the players on the market,
authorities and companies alike, continue to ask themselves: have
we taken into consideration all the necessary aspects and impact?
More
Bank
of Lithuania issues new license to COMPENSA VIG for non-life insurance
by daniela.ghetu@mxp.ro, 2015-08-13
The Board of the Bank of Lithuania decided to issue an insurance
business license for the private limited liability insurance undertaking
COMPENSA Vienna Insurance Group, UADB in the process of foundation,
which entitles to engage in the activities of insurance classes within
the non-life insurance branch and of compulsory insurance, states
a press release of the Lithuanian central bank.
More Продолжение
 KBC
Group, 1H2015: increased profitability on the non-life insurance
segment
by daniela.ghetu@mxp.ro, 2015-08-13
The KBC Group reported a EUR 1.2 billion profit for the first half
of 2015, of which EUR 666 million represent the second quarter's
result, significantly higher than the EUR 334 million reported in
Q2 2014. Both the banking and insurance franchises in the Group's
core markets and core activities turned in a strong performance,
stated KBC.
More Продолжение
TURKEY:
Credit insurance becomes riskier, as the country's economy slows
down
by daniela.ghetu@mxp.ro, 2015-08-13
Weakening country's economic performance and the strong depreciation
of the national currency put an increased pressure on the Turkish
credit insurance business line, increasing the operational risk proportionally
with the climbing number of bankruptcies recorded among the commercial
companies operating especially in the retail, chemical, machinery,
textile, construction and metal industries. According to Euler Hermes's
estimations quoted by Cumhuriyet daily, a 10% y-o-y increase in the
number of bankruptcies is expected for 2015, making the credit insurance
business more risky.
More Продолжение
Coping
with the rapid change of consumer expectations - under debate in
Madrid
by daniela.ghetu@mxp.ro, 2015-08-13
Consumer expectations with regard to products and services are changing
fast, as usage of Digital Channels becomes more common both inside
and outside financial services. Certain age groups and consumer demographics
are more affected by this trend than others. Certain countries are
ahead of the game in this transformation, while others are following.
The "Global
Summit for Insurance Innovation" Forum will explore the current status and future perspectives in this field.
More |
Sustainable
development goals: why, how and where data matters?
by adina.tudor@mxp.ro, 2015-08-13
Given the current technological aspects and the increasingly larger
volumes of available data, it is clear that a sustainable development
in all domains needs a data "revolution".
In other words, a data-driven transformation is required for an effective
development in a post-2015 world.
More
IMF:
BiH's financial system oversight needs further improvement
by daniela.ghetu@mxp.ro, 2015-08-13
The IMF Directors commended the improvements in banking and insurance
oversight since the 2006 Financial System Stability Assessment (FSSA),
but noted that important shortcomings remain, stated a recent IMF
press release after the IMF's Executive Board session on June 29th,
where the Financial System Stability Assessment of Bosnia and Herzegovina
(BiH) was discussed.
More
HUNGARY:
EUR 15.5 million estimated losses from the July 8th storm
by daniela.ghetu@mxp.ro, 2015-08-13
On July 8th, a strorm hit the Hungarian territory causing insured
losses of about EUR 15.5 million, as estimated by MABISZ (the Association
of Insurance Companies in Hungary) after taking into consideration
some 35,000 insurance claims filed during the first week after the
event.
More
SWISS
Re: Global insurance industry covered 45% of the total NatCat and
man-made disasters' economic losses in 1H2015
by daniela.ghetu@mxp.ro, 2015-08-13
According to preliminary SIGMA estimates, total economic losses from
natural catastrophes and man-made disasters reached USD 37 billion
in the first half of 2015. The global insurance industry covered
nearly 45% (USD 16.5 billion) of these losses, which is higher than
the previous 10-year average cover of 27%. Around 18 000 people lost
their lives in disaster events in H1 2015, up from more than 4 800
in the first half of last year. The earthquakes in Nepal, and a heatwave
in India and Pakistan, claimed the highest number of victims.
More
EUROINS
Romania: The results of the stress test don't accurately reflect
the current situation
by adina.tudor@mxp.ro, 2015-07-17
As a response to the stress test and balance sheet review conducted
recently on the insurance sector by the Romanian Financial Supervisory
Authority, the Bulgarian EUROINS Group pointed out that the results
do not reflect the current situation.
More Продолжение
LIMRA
European Annual Conference: The sharing economy, a new opportunity
for insurance?
by oana.racatej@mxp.ro, 2015-08-13
The sharing economy represents a paradigm-changing phenomenon and
its effects can already be seen in sectors such as transportation,
education and hospitality. What does it mean for the insurance industry?
Could this new consumption mode disrupt insurance companies?
More |
|
| INTERVIEW |
 Assen
CHRISTOV
Chairman of the Supervisory Board
EUROHOLD
The economic environment and the insurance market are fully correlated.
Healthy growth of the insurance business is hardly possible without
economic growth. Of course, we have been an example of an expanding
business in the times of economic downturn, but this expansion also
comes along immense managerial and organizational efforts.
More |
| CURRENT
REPORTS |
| POINT
OF VIEW |
 Vakhtang
DEKANOSIDZE
CEO
IRAO (VIG) Ltd, Georgia
The most promising business line in Georgia, based on market capacity
and potential, is the motor line. The point is that, among officially
registered 900 000 vehicles, approximately 7% are insured with motor
hull risks and about 6% are MTPL insurance holders. With the implementation
of MTPL Law, which is planned for next year within the EU Association
Agreement, the motor insurance has to become the line that fuels
whole insurance industry
More
|
| EVENTS |
Regional Conference "Solvency
II: What can go wrong?"
September 2, 2015
Ljubljana, Slovenia
Organizer: Insurance Supervision
Agency of Slovenia
Media Partner: XPRIMM Publications
For details: www.a-zn.si
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
2nd Annual Insurance Business Forum
September 7-11, 2015
Sochi, Russia
Organizer: DELOVOY Format Group
Media Partner: XPRIMM Publications
For details: www.ins-df.com/ibf2015
Les Rendez-vous de Septembre 2015
September 12-17, 2015
Monte Carlo, Monaco
For details: www.rvs-monte-carlo.com
XV-Annual International Financial Forum
September 16-19, 2015
Odessa, Ukraine
Organizers: LIOU and Business
Strategy Center Perspektiva
Media Partner: XPRIMM Publications
For details: www.cbs.org.ua
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
IAA Regional Seminar
September 28-29, 2015
Baku, Azerbaijan
Organizer: Actuarial Association
of Azerbaijan with support of the International Actuarial Association
(IAA)
Media Partner: XPRIMM Publications
For details: www.actuaries.org
12th ICAR - International CAtastrophic Risks
Forum
October 1th, 2015
HILTON Hotel - 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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