 TOP
NEWS |
AEGON replaces GENERALI on the 2015 updated global systemically important insurers' list
by daniela.ghetu@mxp.ro, 2015-11-19
Five European insurers (AEGON N.V., ALLIANZ SE, AVIVA plc, Axa S.A. and PRUDENTIAL plc), three American (AIG, MetLife and PRUDENTIAL Financial) and the Ping An Insurance (Group) Company of China, Ltd. are on the 2015 list of systemically important insurers (G-SIIs) issued by the Financial Stability Board at the beginning of November. The updated list comprises a total of nine insurers with one new insurer, AEGON, being added and with GENERALI being removed.
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ERGO 3Q2015: 14% growth in GWP and almost double profit in the Baltic States
by daniela.ghetu@mxp.ro, 2015-11-19
During the first three quarters of 2015 ERGO has shown excellent results in the Baltic States both in GWP and profitability terms, outperforming the market in all lines of business. GWP amounted to EUR 134 million, almost 14% up y-o-y. Positive bottom line result amounted to EUR 5.13 million profit, which is 42% higher than in the same period of 2014.
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STATISTICS: BULGARIA, 3Q: 22% increase in life GWP and better profitability on non-life segment
by vlad.boldijar@mxp.ro, 2015-11-19
In 3Q2015, the Bulgarian insurance market increased by 9.7% to EUR 722.5 million, statistical data published by the FSC - Financial Supervision Commission indicates. Life insurance market totaled EUR 152.5 million or 22% more y-o-y due the increases reported on traditional (by 17%) and unit-linked (by more than 113%) segments, while the non-life insurance sector generated about 80% of the total insurance market, the equivalent of EUR 570 million (up by 6.8% compared to 3Q2014 figures).
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PZU, 3Q2015: Very robust capital position, record-breaking sales, but 28.5% fall in the net profit
by daniela.ghetu@mxp.ro, 2015-11-19
Softer market conditions on the capital markets, the price war and rising loss ratio in motor insurance have strongly affected PZU's results in 3Q2015, leading to a 28.5% y-o-y fall in the Group's net financial result, to PLN 1.83 billion (~ EUR 432 million), as a Group's recent press release enphasizes.
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STATISTICS: BOSNIA, 3Q: Double-digit increase of RS based insurers pushed up the aggregate market figures
by vlad.boldijar@mxp.ro, 2015-11-19
Based on the figures released by the insurance agencies in the Federation of Bosnia and Herzegovina (FBiH) and the Srpska Republic (RS), in 3Q2015 the aggregate value of GWP by the 24 insurers active in the two administrative entities that formed the country was EUR 227.2 million, or 4.4% more y-o-y. Overall, the value of claims paid increased by almost 5% y-o-y to EUR 96 million.
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TRIGLAV 3Q preliminary net profit up 5%
by vlad.boldijar@mxp.ro, 2015-11-17
Slovenia's largest insurer, Zavarovalnica TRIGLAV announced its preliminary consolidated net profit increased by 5% y-o-y to EUR 80.9 million in the first nine months of 2015.
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TALANX increased its GWP across all divisions in 3Q and targeted a net income of at least EUR 600 million for FY2015
by vlad.boldijar@mxp.ro, 2015-11-17
The TALANX Group closed the first nine months of 2015 with an operating profit of EUR 1.51 billion, 4.4% more y-o-y, while the value of GWP increased by 12.1%, to EUR 24.35 billion. At the same time, affected by the impairment in full of goodwill amounting to EUR 155 million in the German life insurance business, the group's net income was down by 7.9% y-o-y to EUR 488 million: "The Group net income excluding the full goodwill impairment in the German life insurance business in the second quarter of 2015 stood at EUR 643 (530) million", the insurer pointed out in a statement.
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STATISTICS: KAZAKHSTAN, 3Q2015: Premiums increased by 7.50% KZT 222 billion
by olesea.adonev@mxp.ro, 2015-11-19
Gross written premiums collected by the local insurers increased by 7.50%, to KZT 222 billion in the first 9 months of 2015. In euro, insurance business decreased by 18.32% due to strong devaluation of KZT against EUR by 98%. At the same time, the paid claims increased twice compared to GWP. The most important claims were recorded on the voluntary types of insurance such as: Financial losses (+203.43%), CARGO (+194.61%), Accidents (+75.81%), Property (+56.94%), etc.
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STATISTICS: BELARUS, 3Q2015: Claims increased five times against premiums. 5 insurers have left the market
by olesea.adonev@mxp.ro, 2015-11-19
In the first nine months, the Belarusian insurance market increased by 10.5% in local currency. The devaluation of the Belarusian Ruble (BYR) against the USD by 67% and by 50% against EUR directly affected the volume of business and welfare of the citizens. As a result, the insurance market decreased by 25.52% in European currency.
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SOGAZ to open a representative office in Beijing
by olesea.adonev@mxp.ro, 2015-11-19
SOGAZ Insurance (part of SOGAZ Group, Russia) handed to China Insurance Regulatory Commission (CIRC) the package of documents in order to obtain the license for a representative office in Beijing (China), said recently Kirill BROVKOVICH, Deputy Chairman of the Board, SOGAZ.
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TRANSSIB Re increased its reinsurance premiums by 24.3% in the third quarter
by olesea.adonev@mxp.ro, 2015-11-19
The volume of the reinsurance premiums collected by TRANSSIB Re (Russia) reached RUB 810 million in the third quarter of 2015, 24.3% more than in the previous period of 2014, according to the reinsurer's statement.
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| PRESS
CUTTINGS |
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| INTERVIEW |
 Zoran NARASANOV
CEO
Winner - VIG
Macedonia
Winner is a company that grew, developed and was built under conditions of crisis. Our success is not an accident, it was planned and carried out.
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| CURRENT
REPORTS |
| ON THE MOVE |
 Alfred LEU is the new CEO of the Austrian arm of GENERALI
by daniela.ghetu@mxp.ro, 2015-11-19
Alfred LEU, currently CEO of GENERALI Switzerland Holding, has been appointed as CEO of GENERALI Holding Vienna AG and GENERALI Versicherung AG as from the 1st January 2016, GENERALI Group announces yesterday.
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| STATISTIC
UPDATES |
| EVENTS |
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
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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