 TOP
NEWS |
HUNGARY: Transparency, products comparability and tax benefits for pension insurance expected to boost life insurance
by daniela.ghetu@mxp.ro, 2015-11-12
Hungarian life insurance saw difficult times throughout the years following to the 2008 crisis. Still, the 2011 nationalization of the private pensions' Pillar II segment seems to have resulted in a renewed interest shown by customers for the pensions insurance products. In addition, the TKM (Total Cost Indicator) introduction added a well appreciated degree of transparency and comparability to the life insurance products, easing the customer's choice.
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GFIA roundtable debates common supervision of international insurers and capital standards
by mihai.cracea@mxp.ro, 2015-11-11
The development of a common framework (ComFrame) for the supervision of internationally active insurance groups (IAIGs), was the main topic on the agenda of the most recent regulatory roundtable of the Global Federation of Insurance Associations (GFIA) hosted in Marrakesh, Morocco.
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Croatian Insurance Days motor insurance panel takeaways
by daniela.ghetu@mxp.ro, 2015-11-09
Motor insurance plays a crucial role on the Croatian market, but is
still fairly price sensitive, mainly because the final beneficiary is
usually a third party. Here are the main takeaways of the motor
insurance panel from "Croatian Insurance Days", which took place between
the 4th and 6th of November in Opatija.
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ALLIANZ 3Q2015: solid business fundamentals entitles Group's expectations for an operating profit of EUR 10 to 10.8 billion
by daniela.ghetu@mxp.ro, 2015-11-12
Over the first nine months of the year, ALLIANZ Group total revenues rose 3.5% to EUR 95.5 billion. Operating profit remained stable at EUR 8.15 billion. Net income attributable to shareholders increased 3.9% to EUR 5.20 billion.
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GENERALI, 3Q2015: Net profit of EUR 1.7 billion, already surpassing 2014 full year result
by daniela.ghetu@mxp.ro, 2015-11-12
"In the first nine months of 2015 GENERALI has continued to improve technical performance. There has been significant growth in terms of premium income and profitability both in Life and, in particular, in P&C, reaching a net profit of EUR 1.7 billion, already surpassing 2014 full year result," stated Alberto MINALI, Generali Group CFO commenting on the Group's 3Q results.
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MUNICH Re 9 months profit down by 2% y-o-y to EUR 2.39 billion
by vlad.boldijar@mxp.ro, 2015-11-12
MUNICH Re reported a consolidated profit of EUR 2.39 billion for the first nine months of 2015 - down by 2% from EUR 2.43 billion in 3Q 2014, while in the third quarter, the Group posted a profit of EUR 525 million (vs. EUR 736 million in Q3 2014). "For the current financial year, MUNICH Re is still aiming for a profit of at least EUR 3 billion", as the reinsurer affirmed in a press release.
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ZURICH reports BOP of USD 2.5 billion for first nine months of 2015
by vlad.boldijar@mxp.ro, 2015-11-12
ZURICH Insurance Group reported a business operating profit (BOP) of USD 2.5 billion and net income attributable to shareholders (NIAS) of USD 2.3 billion for the nine months ended September 30, 2015, the company said in a statement. "These results are in line with the preliminary update that we released in September in response to the underperformance in parts of our General Insurance business", declared Chief Executive Officer Martin SENN.
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STATISTICS: The Czech Rep., 3Q2015: Reinvigorated cars sales support the non-life insurance market growth
by daniela.ghetu@mxp.ro, 2015-11-12
The Czech insurance market ended the first three quarters of 2015 with GWP of EUR 3.23 billion (CZK 87.96 billion), 1.87% up y-o-y, according to data provided by the Czech Insurance Association (CAP). Non-life recorded a positive change in GWP, acting thus as the market driver, while the life insurance segment saw a further decrease in premiums.
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STATISTICS: KOSOVO 3Q insurance market down by 0.3% y-o-y
by vlad.boldijar@mxp.ro, 2015-11-12
In 3Q 2015 the Kosovo insurers reported a slight y-o-y decrease in GWP,
of 0.27%, to EUR 61.03 million, as the Central Bank data showed (Note: The figures presented by CBK include only the insurers' activity on non-life segment). Claims paid by local insurers for this period increased significantly by 17.54% y-o-y to EUR 23.07 million.
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MOLDOVA 3Q2015: Stagnation in GWP, decreasing claims expenses
by olesea.adonev@mxp.ro, 2015-11-12
The GWP, in the first nine months, by the 15 Moldavian insurance companies active on the local market, totaled MDL 909.25 million (EUR 44.16 million), up by 1% y-o-y, according to the official data published by the National Commission for Financial Market of Moldova.
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4 in 10 Romanians consider that fires is the biggest threat to their homes
by adina.tudor@mxp.ro, 2015-11-12
4 in 10 Romanians see fires as the most important risk that threatens their homes, while 3 out of 10 Romanians consider that earthquakes pose the biggest threat, showed an online survey taken during the national informational campaign "October - The Household Insurance Month".
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Corporate Governance is rapidly changing- what are the implications for the insurance market? Find out at the Professional and Financial Lines Insurance Forum Middle East!
by oana.racatej@mxp.ro, 2015-11-12
Throughout the Middle East, the regulatory reforms are increasing the take up of insurance policies, in particular. Also the sheer number of construction projects has resulted in an uptake of Professional Indemnity Insurance. All of these are present challenges and require complex solutions.
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ROSGOSSTRAKH Armenia - first local insurer surpassing 1 million MTPL policies
by daniela.ghetu@mxp.ro, 2015-11-12
ROSGOSSTRAKH Armenia, a subsidiary of Russian Rosgosstrakh insurance company, has announced it is the first player of local market surpassing 1 million mandatory MTPL policies sales. The company sees this performance as the result of the the high level of citizens' trust in their services.
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| PRESS
CUTTINGS |
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| INTERVIEW |
 Melda SUAYIPOGLU
Corporate Business Officer
ALLIANZ Turkey
While Turkey's per capita income is above the world average, per capita insurance spending is merely a quarter of the world average and one-tenth of the European average. Insurance has yet to reach the desired level in Turkey.
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| CURRENT
REPORTS |
| POINT OF VIEW |
 Crisis realities impact Engineering insurance in Russia
Describing the general situation in the Russian construction industry, it is also important to notice absence of any new system players - companies with or without international capital, which appears anyway a very obvious and expected outcome.
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| STATISTIC
UPDATES |
| EVENTS |
EIOPA Conference
November 18, 2015
Frankfurt am Main, Germania
Organizer: EIOPA
For details: www.eurofinanceweek.com
November Business Meetings of Reinsurers
November 24-25, 2015
Moscow, Russia
Organizer: All-Russian Insurance Association (ARIA)
Co-organizer: Delovoy Format Group
Media Partner: XPRIMM Publications
For details: ins-df.com/en/nbm2015
Professional and Financial Lines Insurance Forum Middle East
December 7-8, 2015
Dubai, United Arab Emirates (UAE)
Organizer: C5
Media Partner: XPRIMM Publications
For details: www.c5-online.com |
5th Annual Middle East and Africa Insurance Summit
January 19-20, 2016
Dubai, United Arab Emirates
Organizer: Fleming Gulf
Media Partner: XPRIMM Publications
For details: finance.fleminggulf.com
5th Annual Insurance Claims Management Conference
January 21-22, 2016
Prague, Czech Republic
Organizer: Uniglobal
Official Publication: XPRIMM Publications
For details: www.uni-global.eu
6th Annual Bancassurance Conference - Russia & CIS
February 4-5, 2016
Moscow, Russia
Organizer: Uniglobal
Official Publication: XPRIMM Publications
For details: www.uni-global.eu
9th Annual BancAssurance Forum
9-10 February 2016
Madrid, Spain
Media Partner: XPRIMM Publications
For details: finance.flemingeurope.com |
The European Motor Insurance Summit 2015
February 11-12, 2016
Rome, Italy
Media Partner: XPRIMM Publications
For details: finance.flemingeurope.com
IIF 2016 - Motor Insurance - The Road towards profitability
April 17-19, 2016
Istanbul, Turkey
Organizers: Media XPRIMM and Istanbul Underwriting Center
Media coverage: XPRIMM Publications
For details: www.internationalinsuranceforum.com |
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