 TOP
NEWS |
Romanian
supervisor announces the bankruptcy of ASTRA Asigurari
by mihai.cracea@mxp.ro, 2015-08-26
The Financial Supervisory Authority announced the bankruptcy of ASTRA
Asigurari, the third largest insurer in Romania, after a year and
a half of special administration.
 More  Продолжение
 Consolidated
premiums totaling EUR 4.9 billion and top rating A+ for VIG in the
first half of 2015
by adina.tudor@mxp.ro, 2015-08-25
VIENNA Insurance Group wrote EUR 4.9 billion in consolidated premiums
in the first six months of 2015 (minus 1.5 percent), without single
premium policies reporting a solid increase of 2.2 percent compared
to the previous year.
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 TRUST
Re, 1H2015: Net Profit up by 180%
by daniela.ghetu@mxp.ro, 2015-08-27
In the first six months of the year TRUST Re's Gross Written Premium
reached USD 328.6 million representing a 4.5% increase y-o-y. Net
Underwriting Profit rose by 75.4% to reach USD 12.1 million, largely
as a result of the improvement in the loss experience during the
reporting period.
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A.M.
Best has affirmed the financial strength rating of A- for Trust Re
by mihai.cracea@mxp.ro, 2015-08-24
A.M. Best has affirmed the financial strength rating of A- (Excellent)
and the issuer credit rating of "a-" of
Trust International Insurance & Reinsurance Company B.S.C. (c) Trust Re (Trust Re) (Bahrain). The outlook for
both ratings remains stable.
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Save
your seat at the International Catastrophic Risks Forum!
by adina.tudor@mxp.ro, 2015-08-27
Climate change and its impact on the insurance industry, risk modelling
in the new context dominated by extreme weather events and natural
disasters, and agricultural insurance as a risk management tool are
among the key issues that will be analyzed during the 12th edition
of ICAR - International Catastrophic Risks Forum.
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A
new issue of XPRIMM Insurance Report and 4 new Country Profiles,
to be launched at Baden-Baden in October
by adina.tudor@mxp.ro, 2015-08-27
The forthcoming issue of XPRIMM Insurance Report 1H2015 - containing
the financial results for the first half of 2015 -, as well as the
latest issues of XPRIMM Insurance Profile for Azerbaijan, Turkey,
Kazakhstan and Russia will be officially launched on October 18th,
during the Baden-Baden XPRIMM Reception.
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Active
reinsurance in Bulgaria and the MTPL segment in Romania and Macedonia
increased EIG's GWP by more than 50% in H1
by vlad.boldijar@mxp.ro, 2015-08-26
The Bulgarian insurance group EUROINS (EIG) - member of EUROHOLD, reported for
the first half of 2015 a 53.65% increase of gross written premiums (GWP), up
to EUR 115.97 million, according to preliminary data published by the group.
Positive rates in GWP were reported by EUROINS Romania (+61.9%), EUROINS Bulgaria
(+47.5%) and EUROINS Macedonia (14.8%), while the two specialized insurers -
EUROINS Life (-6.3%) and EUROINS Health (-44.2%) reported negative dynamics.
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STATISTICS: Bank
of Lithuania, 1H2015: Insurance market reaches record volumes, although
the growth rates of the insurance branches vary
by vlad.boldijar@mxp.ro, 2015-08-26
The insurance market recorded a year-on-year 6.4% increase over the
first half of this year in terms of premiums written, with its volumes
reaching record heights - EUR 312.3 million. "Growth
in life insurance was less robust than a year ago, but this branch
remains the main engine of growth within the entire insurance market.
The non-life insurance market boosted as well, although the most
numerous in terms of contracts concluded, the motor third party liability
(MTPL) insurance class did not avoid a decline", says Mindaugas SALCIUS, Deputy Director of the Prudential Supervision Department
of the Supervision Service at the Bank of Lithuania.
More Продолжение
STATISTICS: ESTONIA's
insurance market posts 4.6% half-year growth in GWP
by vlad.boldijar@mxp.ro, 2015-08-26
The insurers activating on the Estonian market reported total gross
written premiums of EUR 178 million at the end of June 2015, up by
4.6% y-o-y, according to the market figures published by the Estonian
National Statistics Board. At the same time, the value of paid claims
was up by 7.1% y-o-y to EUR 99 million.
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STATISTICS: LATVIA:
Insurers profit down by almost 50% in 1H2015
by vlad.boldijar@mxp.ro, 2015-08-26
According to the figures published by the Financial and Capital Market
Commission - FKTK, Latvian insurers (local and EU branches in Latvia)
posted aggregated gross written premiums of EUR 273.6 million in
the first half of the year, which is 6.3% more compared with the
same period last year. At the same time, the value of paid claims
and indemnities increased by 9.7% y-o-y to EUR 148.4 million.
More Продолжение |
ALLIANZ,
1H2015: strong reasons to expect a high profit for 2015
by daniela.ghetu@mxp.ro, 2015-08-27
Total revenues of the ALLIANZ Group rose by 7.1% y-o-y in 1H2015,
to EUR 67.9 billion. Operating profit climbed 3.7% to EUR 5.70 billion,
while net income attributable to shareholders advanced 13.1%, to
EUR 3.84 billion.
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TRIGLAV,
1H2015: Foreign subsidiaries pushed up the Group's premium production
by daniela.ghetu@mxp.ro, 2015-08-27
The foreign subsidiaries of the TRIGLAV Group had a determinant contribution
to the 4% positive y-o-y GWP evolution reported by the Group, to
EUR 507.8 million. Thus, while the Slovenian mother company TRIGLAV,
booked 1% less y-o-y or EUR 333.9 million in GWP, in the other five
Adriatic countries where the Group is active, all subsidiaries saw
premium growth compared to the corresponding period of the previous
year, whith the highest growth rate in Serbia.
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SAVA
Re, 1H2015: 34% increase in profit driven by the non-life business
by daniela.ghetu@mxp.ro, 2015-08-27
The international reinsurance and non-Slovenian insurance business
were the main drivers of the increase in income saw by the SAVA Group
in 1H2015. GWP amounted to EUR 276.7 million, over 3% up y-o-y, while
the net profit increased by 33.9%, to EUR 17.1 million, exceeding
the budgeted figure for the first six months. The largest contributions
to the profit figure came from Slovenian non-life insurance business,
followed by Slovenian life business and reinsurance business.
More Продолжение
STATISTICS: GREECE,
1H2015: Life insurance maintained the market on a positive track
by vlad.boldijar@mxp.ro, 2015-08-26
The Greek insurers reported a GWP of EUR 1.96 billion in the first
half of 2015, as compared with EUR 1.92 billion a year earlier, according
to the 1H2015 Report published by the Hellenic Association of Insurance
Companies (HAIC). The Report published by HAIC includes the figures
for 57 insurers accounting for 95.8% of the insurance market's full
data for 2014. Of these, 21 were active in the life segment (97.4%
market share) and 47 were active in the non-life segment (94.4% market
share).
More
STATISTICS: KOSOVO
insurers reported a loss of EUR 2.5 million at the end of June
by vlad.boldijar@mxp.ro, 2015-08-26
During the January-June 2015 period, the Kosovo insurance market
maintained similar results to those reported for the 1H2014 period
- GWP of EUR 39.3 million, while the value of paid claims increased
by 22% y-o-y to EUR 19.4 million, according to financial figures
published by the Central Bank of the Republic of Kosovo (CBK). During
1H2015, the number of policies sold by insurance companies was 447.9
thousand, representing an annual increase of 4.5%.
More |
PZU
1H2015: record-breaking sales, benefitting from the international
expansion of the Group
by daniela.ghetu@mxp.ro, 2015-08-27
PZU Group's sales saw a record-breaking amount in 1H2015, of PLN
9.13 billion (EUR 2.17 billion), some 8.2% more than in the corresponding
period last year. In the first six months of this year the insurer
recorded net profit in excess of PLN 1.3 billion (EUR 309 million).
The company also sustained its high return on equity with an ROE
of 21.1%.
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ERGO
recorded positive results in the Baltic States, outperforming the
region's market dynamic
by daniela.ghetu@mxp.ro, 2015-08-27
ERGO's Baltic subsidiaries reported for the first half year 2015
GWP amounting to EUR 89.3 million, 15% up y-o-y, a growth pace outperforming
by far the average 6.2% increase in premium written seen in the Baltic
markets during the period. Positive bottom line result amounted to
EUR 5.22 million profit which is more than double than same period
last year. At regional level, ERGO's market share increased to 13.2%.
More
STATISTICS: BELARUS,
1H2015: Devaluation of the BYR against the "hard" currency had a negative influence on the main types of insurance that can be
bought in foreign currency
by olesea.adonev@mxp.ro, 2015-08-26
The growth and strengthening of the crisis phenomenon due to the
fall of oil prices (editor's note: On August, 2015 the cost of Brent
crude oil fell below USD 42.87/per barrel, so once again the price
for the Brent crude oil is close to its lowest level in six years),
as well as the devaluation of RUB, the extending of sanctions for
Russia (which is the main trade partner of the Republic of Belarus)
and the fall on the Chinese stock market led to the low economic
growth in Belarus last year.
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STATISTICS: UZBEKISTAN,
1H2015: Claims paid by the insurers up by 69.6%
by olesea.adonev@mxp.ro, 2015-08-25
In the first half of 2015 the Uzbek insurance market reached a total
GWP volume of UZS 270.9 billion, up by 21.8% in local currency. Total
claims paid were amounted to UZS 56.7 billion, 69.6% more than in
January-June 2014.
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AXA
reported record half-year profit of EUR 3.1 billion
by vlad.boldijar@mxp.ro, 2015-08-26
Driven by growth in all its business segments, the French insurer
AXA reported total revenues of EUR 54.5 billion for the 1H2015 period,
up 2% y-o-y on a comparable basis. At the same time, the net income
was down by 7% to almost EUR 3.1 billion, according to the half year
activity indicators published by the group. On a reported basis,
the two mentioned indicators increased by 10% and 2%, the group noted
in a press release.
More
TALANX
lowered its 2015 targeted profit after writing off goodwill of EUR
155 million in its German life insurance business
by vlad.boldijar@mxp.ro, 2015-08-26
Affected by the impairment in full of goodwill amounting to EUR 155
million in the German life insurance business, the insurer TALANX
posted a half-year net income of EUR 311 million (vs. EUR 381 million
in 1H2014) and gross written premiums of EUR 16.8 billion, or EUR
1.8 million more compared with the 1H2014 figure. At the same time,
the operating profit (EBIT) improved by 1% "to
just over EUR 1 billion despite the one-off burden", the German insurer announced in a statement.
More
Substantially
higher net income for GROUPAMA in 1H2015
by vlad.boldijar@mxp.ro, 2015-08-26
For the first six months of 2015, the French insurer GROUPAMA posted
a substantially higher net income of EUR 266 million (+90% y-o-y),
a solid solvency margin of 251% (vs. 253% at 31 December 2014), while
the net non-life combined ratio was 98.7% vs. 98.5% at 30 June 2014.
At the same time, the French Group reported an improvement in economic
operating income to EUR 116 million, EUR 16 million more compared
with a year earlier.
More
New
trends and the best ways to deal with future challenges
by oana.racatej@mxp.ro, 2015-08-26
LIMRA European Annual Conference, "The
sharing economy, a new opportunity for insurance?", which takes place at AVIVA Headquarters in Paris between September 20th - 22nd,
focuses on the opportunities, how to increase profitability and how
to improve competitiveness in the new context of the sharing economy.
More
Insurance
Europe: Insurers on track with Solvency II implementation
by adina.tudor@mxp.ro, 2015-08-24
Europe's insurers are making significant progress towards implementing
Solvency II by the end of 2015. However, many are extremely concerned
about the pressure which insurers face due to additional last minute
requirements that are being imposed in the run-up to the regime coming
into force, according to a survey conducted by Insurance Europe -
the European insurance and reinsurance federation.
More |
STATISTICS: GWP
of MACEDONIAN insurers up by more than 10% in Q1
by vlad.boldijar@mxp.ro, 2015-08-26
Macedonian insurers posted aggregate gross written premiums of EUR
34.86 million (MKD 2.14 billion) at the end of March 2015, according
to figures published on the Insurance Supervisions Agency website.
The mentioned figure is about 10.2% higher y-o-y. The value of paid
claims increased by 16.4% y-o-y to EUR 13.3 million.
More
STATISTICS: SLOVAK
insurance market up by 4.4% in 1Q2015, NBS
by vlad.boldijar@mxp.ro, 2015-08-26
In 1Q2015 the Slovak insurance market totaled EUR 614.20 million,
4.43% up y-o-y, the statistics published by the National Bank of
Slovakia (NBS) indicated. The value of paid claims increased by 4.67%
y-o-y to EUR 313.88 million.
More
MMC
posted a 2% decline in revenue in Q2 2015
by vlad.boldijar@mxp.ro, 2015-08-26
MARSH & McLENNAN Companies (MMC) reported for
the second quarter of 2015 consolidated revenues of USD 3.22 billion,
a decline of 2% compared with Q2 2014, "reflecting the continuing impact of the strong US dollar", the company noted in the press release. Operating income was USD 629 million
compared with USD 647 million in the prior year, while the net income
attributable to the Company was USD 419 million (vs. USD 431 million
in Q2 2014).
More
AON's
Q2 net income down by 41% y-o-y to USD 178 million
by vlad.boldijar@mxp.ro, 2015-08-26
For the second quarter of 2015, the risk and insurance brokerage
services provider AON posted a total revenue of USD 2.8 billion,
down by 4% y-o-y "primarily
by a 7% unfavorable impact from foreign currency translation, partially
offset by 2% organic revenue growth and a 1% increase in commissions
and fees related to acquisitions, net of divestitures". The net income attributable to shareholders was down by 41% y-o-y to USD 178
million, or USD 0.62 per share, compared to USD 304 million, or USD
1.01 per share, for the prior year quarter.
More |
|
| INTERVIEW |
 Jean
ZENNERS
President of the Council of Bureaux
All Moldavian insurance companies will not be allowed to sell green
card policies anymore, which means that they will lose an important
part of their business. Another one, the Moldavian drivers will have
no possibility to freely go outside of the country without purchasing
frontier insurance. And frontier insurance is much more expensive
than buying a green card here. Also, the Moldavian Bureau will still
have to pay claims for policies sold before.
More |
| CURRENT
REPORTS |
| STATISTIC
UPDATES |
| ON
THE MOVE |
 Dr.
Werner ZEDELIUS is the new head of the ALLIANZ CEE business
by daniela.ghetu@mxp.ro, 2015-08-27
Starting September 1st, the CEE insurance business of the ALLIANZ
Group will be managed by Dr. Werner ZEDELIUS, who will take over
this assignment from Manuel BAUER. The change is part of a larger
reorganization action meant to reduce the German insurer's Management
Board from 10 members to 9.
More
 UKRAINE:
Olena ULJEE takes on CEO role at UNIQA non-life subsidiary
by vlad.boldijar@mxp.ro, 2015-08-27
Starting 19th August, 2015, Olena ULJEE appointed on the positions
of CEO/COO/CFO at UNIQA Insurance, the non-life insurance company
in Ukraine, succeeding Yuriy YEFIMOV - who will be moving to the
Supervisory Board.
More Продолжение
 Changes
in the Board of Directors of VIG Re
by daniela.ghetu@mxp.ro, 2015-08-21
Claudia STRANSKY, Member of the Board of Directors of VIG Re, has
decided to step down from her executive duties on 31 December 2015
in order to pursue career opportunities outside of the 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
17th Hydra Meeting
September 24-26, 2015
Hydra Island, Greece
Organizer: Hellenic Association
of Insurance Companies
For details: www.eaee.gr
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
20th African Reinsurance Forum
October 4-6, 2015
Hotel Movenpick Tangier, Morocco
Organizer: Societe Centrale
de Reassurance - SCR and African Insurance Organization - AIO
For details: www.aioforum2015.com
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 |
| PRESS
CUTTINGS |
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