Back to

XPRIMM News No. 279, September 24, 2015

Insurance Newsletter, No. 279, September 24, 2015

Click here to subscribe!
Click here to unsubscribe!

MILLI Re: The MENA region continues to be of vital importance to us
by, 2015-09-24
As part of the strategy of transforming from a local reinsurance leader into an international player, Turkish reinsurer MILLI Re has actively engaged in accepting business from emerging markets including Middle East, Asia, Northern and Continental Africa, Latin America, CIS and Eastern Europe starting from 2006 to create a geographical diversification in the portfolio.

STATISTICS: CZECH Rep, 1H2015: Record decline in single premium life insurance products
by, 2015-09-24
According data provided by the Czech National Bank, in the first half of 2015 the Czech insurance market saw a 5.7% decrease in GWP (or 4.99% decrease for the market results denominated in European currency), to CZK 78.2 billion (EUR 2.87 billion). The life insurance segment is entirely responsible for the negative trend, mostly because of the huge decrease in single premium insurance products sales.
More Продолжение

STATISTICS: POLAND 1H2015: GWP stagnation, lower profitability
by, 2015-09-24
Compared with the previous years' results, 1H2014 represented for the Polish insurance market rather a stagnation period, with GWP increasing by only 1.3% both on the life and non-life segments. Thus, total GWP amounted to PLN 28.09 billion (EUR 6.69 billion), while claims paid totaled PLN 17/44 billion (EUR 4.16 billion), a volume roughly comparable with the last year's first half figure.
More Продолжение

STATISTICS: TURKEY 1H2015: Surging car sales not yet visible in motor insurers' business
by, 2015-09-24
Although at somehow more modest rates, the Turkish insurance market continued its constant growth also in 1H2015. Overall GWP increased by some 13.4%, to TRY 15.04 billion, while because of the continued deterioration of the Turkish currency against the Euro, the market results denominated in European currency only show a 9.6% growth in GWP, to EUR 5 billion.
More Продолжение

Credit Europe Asigurari
STATISTICS: MACEDONIA, H1: Preliminary figures show a 8.3% y-o-y increase in GWP
by, 2015-09-24
In January-June 2015, Macedonian insurers reported gross written premiums of MKD 4.3 billion (about EUR 70 milion) or 8.3% more y-o-y, as the preliminary figures provided by the Insurance Supervision Agency showed. As in previous periods, non-life insurance premiums dominated the market portfolio, and accounted for 89.2% of total GWP, of which about 39% was related to Motor TPL policies, 26.5% - property lines and 8.0% - motor hull.

STATISTICS: ROMANIA 1H2015: MTPL helps market recover but hits overall profitability
by, 2015-09-24
The first half of 2015 appears to have brought the Romanian insurance market on an uptrend, with GWP increasing by 8.7% y-o-y, to RON 4.3 billion (EUR 971 million). The MTPL insurance line reported the best performance in terms of GWP growth, but still remained the theatre of the highest concerns and turmoils.
More Продолжение

STATISTICS: SLOVENIA 1H2015: Timid signs of recovery in GWP
by, 2015-09-24
After several years of sluggish decline, in 1H2015 the Slovenian insurance market seemed to show some recovery signs, with a 3.8% increase in the life GWP and lower negative change rate, of 0.8%, on the non-life side, overall resulting in a 0,4% y-o-y growth of the total GWP volume, to EUR 1.06 billion.


Professor Karel Van HULLE keynote speaker at the 'Croatian Insurance Days'
by, 2015-09-24
Professor Karel Van HULLE, the 'architect' of the new Solvency and (Re)Insurance Risk Management rules - the Solvency II, will be the special guest and one of the keynote speakers at the 'Croatian Insurance Days'. Sponsored by the Ministry of Finance of the Republic of Croatia, the conference will take place on November 4th -6th, 2015 in the city of Opatija, one of Croatia's most popular resorts. XPRIMM Publications are suppoerting the event as Media Partners.

Russian life insurance market still growing, despite economic downturn
by, 2015-09-24
Despite the difficult macroeconomic conditions, strong devaluation of national currency, decline in consumer demand, massive rise by banks' interest rates and reduction in lending, the life insurance is the market segment which is showing a positive trend in the first half of 2015 year.
More Продолжение

Insurance Innovation on stage in Madrid
by, 2015-09-24
Why Insurers need to become preventers? Why premiums need to become fees? Why marketers need to talk with things? These are only some of the questions to be answered at the "Global Summit for Insurance Innovation" Forum, on October 7th-8th, in Madrid. XPRIMM Publications are supporting the event as Media Partners

Cyber risks - expected to develop fast, driven by the increasing interconnectivity of business
"The cyber insurance market is currently estimated to be worth around USD 2 billion in premium worldwide, with US business accounting for approximately 90%. Fewer than 10% of companies are thought to purchase cyber insurance today. However, the cyber insurance market is expected to grow by double-digit figures year-on-year and could reach USD 20 billion+ in the next 10 years," states the recent study released by ALLIANZ, "A Guide to Cyber Risk: Managing The Impact of Increasing Interconnectivity".

Alina OSOIANU is the new CEO of the Motor Insurers' Bureau of Moldova
by, 2015-09-24
The National Motor Insurers' Bureau of Moldova (BNAA) has recently elected a new executive staff. Thus, the new CEO is Alina OSOIANU. She will replace Mihai MANOLE who resigned from the top executive position.
More Продолжение

AZERBAIJAN studies TURKISH experience in Green Card system application

BOSNIA: Sarajevo Osiguranje H1 net profit drops 32%

BULGARIA's ESO opens 15.3 mln euro insurance services tender - TED

BULGARIAN insurer Euroins Jan-Aug premium income up 47.7%

ROMANIA: Euroins Jan-Aug premium income rises 54.3%

RUSSIA's EXIAR to open office in Minsk

SLOVENIA: Sava Re announced the acquisition of 10% of local pension company

UKRAINE: LIOU, German Embassy publish revised list of insurers for tourism in EU/Schengen zone

Uniqa Insurance to Continue Expansion in CEE

VIG's Stake in Casinos Austria Sold to Czech Firm, Pending Regulatory Nod

Andrey T. UNTON
General Director

In order to reduce usage of foreign currency in settlement and to increase the public confidence in the national currency the National Bank of the Republic of Belarus has been taking measures to de-dollarization of the economy. Such measures also affected the insurance sector. Thus, from March 1st, 2015 insurance companies were interdicted to accept premiums from individuals in foreign currency.
More Продолжение

Despite M&As, we will not see the world ending up with five big insurers and two big brokers

"Insurers and reinsurers have more capital than they've ever had," recently said Eric ANDERSEN, CEO, Aon Benfield in an interview to Global Reinsurance, stressing out that all players in the field are practically "pressed to find opportunities to put that capital to use" and to find new growth sources.


MOTOR Insurance Report FY 2014
PROPERTY Insurance Report FY 2014


Czech Rep 1H2015
Poland 1H2015
Turkey 1H2015
Romania 1H2015
Slovenia 1H2015
Macedonia 1H2015


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:
12th ICAR - International CAtastrophic Risks Forum
October 1, 2015
HILTON Hotel - Bucharest, Romania
Organizer: Media XPRIMM
Media Partner: PRIMM Magazine - Insurance & Pensions
For details:
Global Summit for Insurance Innovation
October 7-8, 2015
Madrid, Spain
Organizer: INESE
Media Partner: XPRIMM Publications
For details:
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
The 7th International Istanbul Insurance Conference
October 8-9, 2015
Istanbul, Turkey
Organizer: Insurance Practitioners' Association
For details:

Trade Credit Insurance Summit 2015
October 11-13, 2015
Address Hotel, Dubai Mall, Dubai, UAE
Organizer: Informa
Media Partner: XPRIMM Publications
For details:
1st International Life Insurance Conference
October 15 2015
The Westin Zagreb Hotel, Zagreb, Croatia
Organizers: Institute for Insurance, Svijet osiguranja journal, Tectus Ltd
Media Partner: XPRIMM Publications
For details:
Corporate Insurance
October 15-16, 2015
Moscow, Russia
Organizer: IC Energy
Media Partner: XPRIMM Publications
For details:
Romanian Evening - Baden Baden
October 17, 2015
Kurhaus Restaurant
Baden-Baden, Germany
Organizer: STELLAR Re
Baden-Baden XPRIMM Reception
October 18, 2015
Kurhaus Casino, Runder Saal
For details:
AZERI Evening - Baden-Baden
October 18, 2015
Casino Restaurant Sommergarten



President: Sergiu COSTACHE CEO: Adriana PANCIU
Managing Partner: Alexandru D. CIUNCAN
Development Director: Mihaela CIRCU

Project Manager XPRIMM.COM: Daniela GHETU
Coordinating Editor: Mihai CRACEA
International Column Coordinator: Vlad BOLDIJAR
CIS Research Consultant: Olesea ADONEV
Senior Editor: Oleg DORONCEANU, Andreea RADU
Editors: Oana RADU, Adina TUDOR
Customer Relations Director: Georgiana OPREA
IT Department: Octavian GRIGOR, Dorin PALADE, Cosmin ARMASESCU


Reproduction or use without permission of editorial or graphic content, in any manner, is prohibited. The Editorial Staff is not responsible for the truthfulness or the accuracy of the presented data. The Editorial Staff has the right to present the data in it's own manner. In what concerns the use, in any manner, of the information contained in this e-mail, Romanian laws apply.

Copyright©2015 Media XPRIMM