 TOP
NEWS |
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 VIG's
GWP increased by 3.1% in 1H/2011. CEE markets account for more
than 50% of premiums
by vlad.boldijar@mxp.ro, 2011-08-17
In first six months of 2011, VIENNA Insurance Group (VIG) earned
a total of EUR 4.7 billion premiums written, up 3,1% compared to
January-June 2010. Also, the profit (before taxes) amounted to EUR
282.2 million, representing an 10.4% increase compared to 1H/2010.
According to the press release, the group combined ratio after reinsurance
came in at 97.1% for the first half-year of 2011, following 98.3%
for 1H/2010.
 More
 ALLIANZ
in CEE: Revenues increase to EUR 2.1 billion, while operating profit
improves strongly to EUR 144 million in 1H2011
by mihai.cracea@mxp.ro, 2011-08-15
ALLIANZ reported solid results in Central and Eastern Europe for
the first six months of 2011. Total revenues amounted to EUR 2.07
billion compared to EUR 2.04 billion in the first half of 2010. Operating
profit increased by 54 percent to EUR 144 million while net income
doubled to EUR 120 million from EUR 60 million in the year before.
More  Продолжение
 2%
growth in non-life insurance and 9.8% decrease in life insurance
for GENERALI
by vlad.boldijar@mxp.ro, 2011-08-17
GENERALI Group posted gross written premiums of EUR 12 billion on
the non-life segment, which represents a 2% growth compared to 1H/2010. "This
reflected the increase in the motor and non-motor segments in all
business lines, with the exception of the Corporate segment, which
was more greatly affected by the difficult macroeconomic situation", according to the group's press release.
More
 GROUPAMA:
profitability remains the main target, but growth is still on the
agenda
by daniela.ghetu@mxp.ro, 2011-08-17
"One of the most important development
projects of GROUPAMA, in the near future, involves launching a direct
sales insurance offer in Poland, almost certainly in early 2012", Christian COLLIN, GROUPAMA Chief Financial & Risk Officer, revealed in a recent interview published by EuroBusiness Media.
The Polish project comes along with the other measures taken by the
French Group in order to sustain business and organic growth, both
through distribution networks and online.
More
 UNSAR:
12% general insurance decline and slight increase of life insurance
after the first six months
by andreea.ionete@mxp.ro, 2011-08-16
The 23 companies members of UNSAR - The National Union of Insurance
Companies in Romania have cumulated in the first 6 months of 2011
a total of underwritings of about RON 3.3 billion, down by 8.7% in
nominal terms, compared to the same period of last year. The share
of Union's member companies in total underwritings of the insurance
market is about 80%.
More Продолжение
 Insurance
market in Moldova has reached EUR 28 million
by vlad.boldijar@mxp.ro, 2011-08-17
Insurance market in Moldova registered in the first six months of
the current year about EUR 28.07 million (MDL 466.21 million), a
nominal increase in European currency of 7.32% compared to January-June
2010. In national currency, the nominal evolution of the insurance
industry in Moldova was lower, of 6.24%, due to appreciation of MDL
against EUR.
More Продолжение
 Bulgaria:
2.8% underwritings increase in the first five months of 2011
by olesea.serghiescu@mxp.ro, 2011-08-08
According to data published by the Financial Supervisory Commission
of Bulgaria, insurance companies registered, during the period January
- May 2011, a total of gross written premiums worth BGN 678.71 million
(EUR 374.02 million), up by 2.8% compared to the similar period of
2010 - BGN 659.92 million (EUR 337.41 million) - and claims paid
by insurers fell by 7.0%, to BGN 308.25 million (EUR 157.61 million).
More Продолжение
Kazakhstan:
The insurance market grew by 22%, to EUR 488.95 million, in 1H/2011
by olesea.serghiescu@mxp.ro, 2011-08-10
Gross written premiums of insurance companies in Kazakhstan increased
by 22%, reaching KZT 102.19 billion (EUR 488.95 million) in the first
half of 2011, compared with total underwritings in the correspondent
period of 2010 - KZT 83.62 billion (EUR 400 million).
More Продолжение
Armenia:
EUR 3.61 million paid claims on MTPL in 1H2011
by olesea.serghiescu@mxp.ro, 2011-08-16
According to data published on the official site of Motor Insurers
Bureau, in the first half of 2011, insurance companies in Armenia
have paid, on the MTPL policy segment, claims in the amount of AMD
1.9 billion (EUR 3.61 million) and 9,574 claims files have been solved.
More Продолжение
EUREKO
- 100% owner in EUREKO Sigorta
by vlad.boldijar@mxp.ro, 2011-08-15
EUREKO and GARANTI Bank closed in early June the sale of 20% shares
in EUREKO SIGORTA to EUREKO, the insurance Group announced. EUREKO
is now 100% owner of the leading Turkish insurance company. Regulatory
authorities approved the transaction.
More Продолжение
EUR
6.6 million underwritings and a 14% share for the life insurance
market in Azerbaijan in the first half of 2011
by vlad.panciu@mxp.ro, oleg.doronceanu@mxp.ro,
2011-08-08
Specialized societies on the life insurance segment in Azerbaijan
underwrote in the first half of 2011 premiums worth EUR 6.6 million,
owing 14% of the total underwritings, according to the data presented
today within the section dedicated to life insurance and bancassurance
at AIIF - 2011 and the issued claims reached EUR 8.6 million.
More Продолжение
RUSSIA:
ALLIANZ P/C business units' merger approved
by daniela.ghetu@mxp.ro, 2011-08-18
The Federal Anti-Monopoly Service and Federal Service for Financial
Markets from Russia recently issued the official approval for the
merger of ALLIANZ Russia and IC Progress Garant with OJSC IC ROSNO.
More Продолжение
VIG
operates top management changes in Hungary and Bulgaria
by daniela.ghetu@mxp.ro, 2011-08-18
Gabor LEHEL (34) is taking over leadership of the UNION Biztosito
as CEO and Chairman of the Board with immediate effect. He has been
a member of the Board of the Vienna Insurance Group's largest Hungarian
Group company since 2008.
More Продолжение
Azerbaijan:
Reinsurers are hoping to revive the market through mandatory insurance
by vlad.panciu@mxp.ro, oleg.doronceanu@mxp.ro,
2011-08-08
After two years of downfall as a consequence of the economical crisis,
the introduction of mandatory insurance will determine the profile
market to increase, considered AZ Re, the main player on the reinsurance
market in this country, within the International Insurance Forum
in Azerbaijan (July 7-8, 2011).
More Продолжение
New
owners for KBC Securities in Serbia and Romania
by vlad.boldijar@mxp.ro, 2011-08-15
According to the group press release, KBC Securities has recently
completed the divestments of its operations in Serbia and Romania,
reaching an agreement on management buy-outs with local management.
The impact of the transactions on KBC's earnings and capital is negligible
given the size of the activities.
More Продолжение
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| FINANCIAL
NEWS |
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HUNGARY
- Analysts less optimistics about the GDP growth in the following
quarters
by daniela.ghetu@mxp.ro, 2011-08-18
A recent survey runned by Portfolio.hu among some of the most reputed
Hungarian financial analysts showed less optimistic estimates with
regard to the 2011 and 2012 growth of the Hungarian economy. The
analysts have lowered their GDP forecasts for Hungary both for this
year and 2012, as a result of the swiftly deteriorating external
economic environment and the local growth that has not even started
yet. The consensus estimate shows a 2.3% year-on-year output increase
for the second quarter of 2011, but the projections for later periods
have come considerably lower. The market expects Hungary's consumer
price index at 3.3% in July, but the deceleration of the economy
will rewrite CPI estimates sooner or later.
Insurance
Information Institute: S&P's downgrade will have no significant impact on the insurance industry
by daniela.ghetu@mxp.ro, 2011-08-18
Standard & Poor's announced on August 5, 2011,
that it "downgraded its long-term counterparty credit and financial strength ratings and
related issue ratings on all AAA-rated U.S. insurance groups to AA+
with negative implications." Beyond the immediate "storm" raised by the downgrade, The Insurance Information Institute analyses the possible
effect on the U.S. insurance industry. |
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| EDITORIAL |
|
 Give
profitability a push
Central and Eastern Europe remains, in spite of the financial crisis'
effects and the weak purchasing power of its citizens, a source of
growth for the major European insurance groups operating in the area.
Still, the "growth
at any cost" era seems to be off the map and replaced by the "give profitability a push" age. As the recently published half year reports show, ALLIANZ, AEGON, GROUPAMA,
GENERALI and VIG have seen mixed results across the region in underwriting,
but are almost without distinction reporting a increasing contribution
of the CEE subsidiaries to the overall groups' financial results. Read more
daniela.ghetu@mxp.ro
|
 
|
| POINT
OF VIEW |
|
 Cristian
BALANICA
General Manager
PIRAEUS Insurance Broker
The companies that will be able to identify some yet unexplored market
niches, such as the online segment, have and will keep having great
perspectives. If we refer to segments less explored in the past,
we can include in our discussions the European funds that have started
to be present. Read
more
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| EVENTS |
|
3rd Annual Insurance Distribution Strategies
Forum
September 21st-22nd, 2011
Hotel Novotel, Barcelona, Spain
 Top
insurance companies from 11 EU countries confirmed 17 speakers to
share their up-to-date experiences and insights to elevate your insurance
business perspectives to another level. Rethink the distribution
channel mix of your insurance products and greatly improve its efficiency.
Get an innovative real-life insights e.g. on how recent online and
social media channels can help you reach potential clients and raise
their interest in a more catchy way.
Find speaker biographies, their introductions to the topics, recent
delegate list, program agenda and other useful information at the conference
website. Read more
Les Rendez-Vous de Septembre
September 10th-15th, 2011
Monte Carlo, Monaco
Organizer: RVS
Media Partner: PRIMM Magazine
- Insurance&Pensions
For details: www.rvs-monte-carlo.com
IUMI Annual Conference
September 18th-21st, 2011
Meridien Montparnasse Hotel, Paris, France
Organizer: IUMI & FFSA
For details: www.iumi2011.com
11th International Yalta Finance Forum
September 19th-23rd, 2011
Yalta, Ukraine
Organizer: The League of Insurance
Organizations of Ukraine
Media Partner: PRIMM Magazine
- Insurance&Pensions
For details: www.cbs.org.ua
Motor Insurance - Cross-Border Cooperation
September 27th, 2011
Sofia, Bulgaria
Hotel Sheraton
Organizers: Media XPRIMM and
INSMARKET.BG
For details: www.xprimm.com
8th ICAR - International CAtastrophic Risks Forum
October 10th, 2011
Radisson BLU Hotel, Bucharest
Organizer: Media XPRIMM
Media Partner: PRIMM Magazine
- Insurance & Pensions
For details: www.icarforum.ro
32nd Baden-Baden Meeting 2011
October 23rd-27th, 2011
Baden-Baden, Germany
For details: www.badendirectory.com
Baden-Baden XPRIMM Reception
October 23rd, 2011
Kurhaus Casino, Runder Saal
Baden-Baden, Germany
Organizer: PRIMM Magazine -
Insurance&Pensions
For details: www.xprimm.com
European Banking & Insurance
Fair 2011
November 15th
IFEMA - Feria de Madrid, Madrid, Spain
6th European Pension Funds Congress
November 15th, Frankfurt am Main
Organizers: EFRP and MALEKI
Group
Media Partner: PRIMM Publications
For details: www.malekigroup.com
EIOPA Conference
November 16th, Frankfurt am Main
Organizer: MALEKI Group
Media Partner: PRIMM Publications
For details: www.malekigroup.com
International Insurance Forum 2012
March 5th-6th, 2012
Istanbul, Turkey
Organizer: Media XPRIMM si
Istanbul Underwriting Center
|
| INTERVIEW |
|
 Bruce
BOWERS
Regional CEO of ALLIANZ in CEE
"I am proud to lead this growth region for ALLIANZ and to build
on the success to date that has been achieved. Today we have 7.5 million customers
in the region, meaning that people see us as a trusted and reliable partner". Read more
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| STATISTICS |
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