 TOP
NEWS |
 VIDEO: Consistency
lessons on household insurance, live from Istanbul
by alexandru.ciuncan@mxp.ro, 2012-10-11
TCIP - Turkish Catastrophe Insurance Pool - a project which started
12 years ago, shortly after the Marmara earthquake - benefits from
a new law. Enacted in August, this law offers favorable premises
for the increase of the mandatory TCIP policies' penetration rate,
without changing the pool's work parameters. Thus, the number of
households insured by TCIP increased by 300,000 in only 45 days after
the enactment of the new law, according to data presented during
the International Istanbul Insurance Conference, the largest reunion
of the local profile market.
 More  Продолжение
 GENERALI
PPF 1H2012: Robust Performance Despite Continuing Market Challenges
In CEE Region
by daniela.ghetu@mxp.ro, 2012-10-08
GENERALI PPF Holding, a leading insurance group in CEE, Russia and
CIS, headquartered in Prague, Czech Republic, reported robust underwriting
performance and sustainable growth of the operating result. Thus,
the total GWP reached EUR 2,070 million, 7% up y-on-y, while the
operating result amounted to EUR 263 million (+2.8% y-o-y), driven
by the Non-life segment and the Net Combined stable ratio reached
87.5%.
More Продолжение
 CESKA
Pojistovna targets the Polish insurance market
by daniela.ghetu@mxp.ro, 2012-10-10
Czech's market leading insurance company CESKA Pojistovna, part of
GENERALI PPF Holding, is interested to enter the Polish market with
a local branch, a holding representative recently stated. As GENERALI
PPF is already present in Poland through GENERALI T.U. S.A. (non-life
insurance), GENERALI Zycie T.U. S.A (life insurance) and GENERALI
Powszechne Towarzystwo Emerytalne S.A. (pension fund), the new CESKA
pojistovna branch would be the forth unit of the group.
More
 Guy
HUDSON: Catastrophe models are products of an evolving science that
are continuously undergoing changes
by mihai.cracea@mxp.ro, 2012-10-10
Catastrophe risks are as real as they get for Romania and for a whole
list of other countries. Having in mind that 2011 was one of the
least profitable years in history for insurers because of such events,
most of the industry went on to revise catastrophe models and reset
their prices.
More Продолжение |
 RUSSIA,
1H2012: Close to EUR 10 billion
by olesea.adonev@mxp.ro, 2012-10-11
Despite the negative macroeconomic changes driven by the international
crisis, the Russian insurance market totaled RUB 412 billion or EUR 10
billion (except mandatory health insurance), up by 22.92% as compared with
1H2011. "The
Russian market is experiencing in 1H2012 as in 2011: gradual market consolidation,
quick development of mandatory types of insurance in prejudice of the voluntary
lines as well as a higher governmental attention towards the insurance
sector", commented Andrey VESELOKOV, General Director, Media - Information Group, "Insurance Today". He also emphasized that "the Russian market is a very specific one. There are almost none similar models
in Eastern Europe. Perhaps only the Ukrainian and Kazakh markets, out of
the others, have something in common with Russia".
More Продолжение
 GOTHAER
Finanzholding took over 67% of PLATINUM Asigurari
by adina.tudor@mxp.ro, 2012-10-11
PLATINUM Asigurari Reasigurari announced the closing of the deal through
which GOTHAER Finanzholding bought a 67% stake of the Romanian company.
The rest are equally owned by Constantin TOMA and Efraim NAIMER. The transaction
is being currently subjected to the regulatory approval of ISC - The Romanian
Insurance Supervisory Commission.
More Продолжение
 ARMENIA,
1H2012: Growing by mandatory lines
by olesea.adonev@mxp.ro, 2012-10-10
According to preliminary financial data provided by ArmInfo News Agency,
in the first half of 2012, gross written premiums reported by insurance
companies totaled AMD 23.8 billion, up by 65.9.% y-o-y. This significant
growth was achieved due to the introduction of two mandatory insurance
lines in Armenia, MTPL and mandatory medical insurance.
More Продолжение
 UKRAINE,
1H2012: Changes ahead
by olesea.adonev@mxp.ro, 2012-10-10
Gross written premiums volume reported by the Ukrainian insurers in 1H2012
amounted to UAH 9.58 billion, 13.2% less y-o-y. Life insurance takes only
7.6% share of the market portfolio, with a GWP volume of UAH 684 million
(EUR 68.6 million). Yet, its growth rate during the last 12 months reached
a pace of almost 52% (local currency). "Despite
the positive macroeconomic developments, the state of the insurance market
of Ukraine still does not meet the level of the EU. In particular, the
ratio of net insurance premiums (excluding insurance premiums transferred
to reinsurance) to GDP, in 1H2012, was recorded at 1.3% (for example, in
2008 - 1.7%). This is much less compared to developed countries, where
it hits 8-12%", said Alexandr ZALETOV, Deputy Chairman of the Council of the League of Insurance
Organizations of Ukraine and Editor in Chief, Insurance TOP Magazine.
More Продолжение
 Mihnea
TOBESCU, about his objectives as CEO of EUROINS Romania
by andreea.ionete@mxp.ro, 2012-10-11
Starting October 1st, Mihnea TOBESCU is the new CEO of EUROINS Romania,
according to the press release published by the company. Among his objectives,
the new leader of EUROINS mentions the diversification of business lines
and the company's portfolio, which currently consists mainly in motor insurance
(94%).
More Продолжение
 KYRGYZSTAN,
January-April 2012: Market recovery
by olesea.adonev@mxp.ro, 2012-10-10
According to the Kyrgyz Financial Supervisory Commission (FSC) data, in
January-April 2012 total premium written by the local insurance companies
amounted to KGS 106.8 million (EUR 1.54 million) which is 13.5% more, in
local currency, than in the corresponding period of the previous year.
Claims paid reached KGS 11.3 million (EUR 0.16 million), which in local
currency means an y-o-y increase of 7.6%.
More Продолжение
 UZBEKISTAN,
1H2012: Stability above all
by vlad.boldijar@mxp.ro, 2012-10-10
In 1H2012, insurance companies of Uzbekistan increased premiums by 13.4%
compared to the total in June 2011, up to UZS 137.8 billion (EUR 57.8 million),
according to the market data provided by Information-Rating Agency SAIPRO.
Voluntary insurance accounted for 68% of total underwritings, while almost
60% of GWP was reported in Tashkent, the capital of Uzbekistan. The total
amount of insurance payments rose by 75% to UZS 24.5 billion (EUR 10.3
million).
More Продолжение
 Serbia:
Amendments to the Law postpone the increase in the minimum
sum insured for two years
by lela sakovic, 2012-10-10
Serbian Parliament adopted the Law
amending the Law on Compulsory Traffic Insurance stipulating
that an increase in minimum sum insured, for which the compulsory
automobile liability insurance for damage caused to third parties
can be contracted, is to be postponed for two years: instead
of coming into force starting October 2012, the new sums will
be applied from October 2014.
More
 The
November Business Meetings of Reinsurers, to take place in
Moscow next month
by olesea.adonev@mxp.ro, 2012-10-11
The November Business Meetings will be held on November 22nd -23rd in Moscow,
Russia. The event is organized by All-Russian Insurance Association (ARIA),
Reinsurers' Committee, and co-organized by DELOVOY Format Group. PRIMM
Insurance & Pensions
Magazine supports this event as Media Partner.
More Продолжение |
| PRESS
CUTTINGS |
|
| EDITORIAL |
 10
days to the Eastern snapshot!
Just 10 days to go until the official release of the 7th edition
of the XPRIMM Insurance Report - CEE, RUSSIA & CIS,
SEE!
Those of you joining the XPRIMM Team at the 4th Baden-Baden XPRIMM
Reception, on October 21st, will be the first beneficiaries of the
most recent insurance analysis and statistics concerning the 32 specialty
markets under consideration, a snapshot of the insurance business
in the region.
Read
More daniela.ghetu@mxp.ro
|
| INTERVIEW |
 Andrey
T. UNTON
Deputy Director General
BELARUS Re - Republican Unitary Enterprise "Belarusian
National Reinsurance Organization"
The main strategic objective for the next five years is still to
receive the amount of reinsurance premiums proportionally to the
authorized capital, whose structure, including the inward (from non-residents)
and internal (from residents) revenues will be balanced.
More Продолжение
 Ramunas
BARAVYKAS
Head of Risk Modelling Division of the Prudential Supervision Department
of the Supervision Service of the Bank of Lithuania
After the assessment of the results for the first half and in the
presence of similar development trends in the second half of the
year, it is likely that at the end of the year the insurance market
will maintain a slower market growth of 1 to 2%.
More
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| STATISTIC
UPDATES |
| EVENTS |
4th Baden Baden XPRIMM Reception
We are inviting
you to join us in Baden-Baden, on October 21st, at the Baden Baden XPRIMM Reception's 4th edition. The forthcoming issue of the "XPRIMM Insurance Report 1H2012 - CEE, Russia & CIS, SE" - that just now is getting ready for printing - will wait for you with the most
recent regional analysis and 32 country profiles.
RSVP
until October 12, 2012
Georgiana OPREA
georgiana.oprea@mxp.ro
More Продолжение
|
|
Baden - Baden XPRIMM Reception
4th Edition
October 21st, 2012
Kurhaus Casino, Runder Saal
Baden-Baden, Germany
33rd Baden-Baden Meeting 2012
October 21st-25th, 2012
Baden-Baden, Germany
WorldPensionSummit 2012
November 14th-16th, 2012
Amsterdam, Netherlands
Media Partner: XPRIMM Publications
For details: www.worldpensionsummit.com
EIOPA Conference
November 21st, 2012
Frankfurt
Organizer: EIOPA
November Reinsurance Meetings
November 22nd-23rd, 2012
Trade House, Moscow
Organizer: All-Russian Insurance
Association (ARIA), Reinsurers' Committee
Co - organizer: DELOVOY Format Group
Media Partner: PRIMM Magazine
- Insurance & Pensions
For details: www.nbm-moscow.ru
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| DOWNLOAD |
| POINT
OF VIEW |
 Klime
POPOSKI
President of the Council of Experts
Macedonian ISA
There is a dominant participation of a foreign capital in the Macedonian
insurance market. Out of the total number of 15 insurance undertakings,
only one is owned by domestic investors.
More
 Ivan
PODSTUPKA
Policy Advisor of Communications & PR
Slovak Insurance Association
Slovak market is by share of technical premiums to GDP still behind
the western countries, however, its 2.9% share doesn't stand behind
the countries of Central and Eastern Europe. In spite of that, it
has notable insurance capacity in life and non-life insurance, especially
in real estate insurance.
More
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| STATISTICS |
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