 TOP
NEWS |
 CROATIA
Osiguranje's sale under dispute
by daniela.ghetu@mxp.ro, 2013-09-05
Up to the August 31st official deadline, seven bidders have announced
their intention to participate in the process of the top Croatian
insurer sale. According to the local financial journal Poslovni Dnevnik,
among the bidders there are the domestic financial group ADRIS, the
American group AIG, the Austrian Vienna Insurance Group, the German
ERGO, the Polish PZU as well as the Slovenian group TRIGLAV. The
deadline for submission of non-binding offers is September 20th,
2013. Yet, the decision to sell CROATIA Osiguranje (CO) itself, as
well as the figures which already circulated about this topic, has
raised lively discussions in Croatia.
 More
 VIG,
1H2013: a EUR 205 million profit despite tripling of severe weather
claims
by daniela.ghetu@mxp.ro, 2013-09-05
With an operating result increase of 9.5% y-o-y in 1H2013, to EUR
330.7 million, VIENNA Insurance Group showed a "continuing
sound performance", proving the Group's ability to cope with difficult market conditions, as Peter
HAGEN, Chairman of the Managing Board and CEO of VIENNA Insurance
Group recently stated. VIG's profit before tax amounted to EUR 205.7
million (-31.9%) due to precautions and impairments, while the Austrian
group reported premiums of more than EUR 5 billion. Despite precautions
and severe weather claims, the combined ratio remained below 100%.
More  Продолжение
 PZU,
1H2013: high profitability maintained due to bancassurance growth,
costs control and good weather
by daniela.ghetu@mxp.ro, 2013-09-05
"Our results - the net profit and the amount of premiums collected - showed
that the strategy of focusing on the business profitability and the high cost
discipline are delivering the expected results," stated Andrzej KLESYK, CEO, PZU on the occasion of the Polish Group's 1H2013
results presentation. Thus, the net consolidated profit amounted to EUR 387 million
while collected premiums grew by 3% y-o-y, to about EUR 1.73 billion, whereas
the net income of the Group decreased by about 2.4% y-o-y. Return on equity,
despite a decline of 2.5pp, remained at a high level of 24.3%.
More Продолжение
 ROMANIA
1H2013: First half-year increase for the insurance market since 2008
by vlad.boldijar@mxp.ro, 2013-09-05
The Romanian insurance market is again getting close to EUR 1 billion
in half-year gross written premiums, recording the first half-year
increase since 2008. According to preliminary data, in 1H2013 underwritings
reached approximately EUR 990 million, up by 3.9% compared with 1H2012.
However, compared with January-June 2008 - the peak period of the
Romanian insurance market - the companies have yet to regain EUR
200 million in GWP.
More Продолжение
 CROATIA
1H2013: life insurance gives the upward trend of the market
by daniela.ghetu@mxp.ro, 2013-09-05
The first half of 2013 ended for the Croatian insurers with a total
GWP premium fairly equal to the one recorded in 1H2012, of HRK 4.9
billion (0.35% up y-o-y). Denominated in European currency, due to
a minor appreciation of the Croatian Kuna, the figures show a slightly
better image, with a nominal y-o-y growth rate of 1.14%, to EUR 659.5
million. The life insurance segment deserves all the credit for this
positive trend, showing a 5.9% growth in local currency, while GWP
for the non-life business lines decreased by 1.4%.
More Продолжение
 Team
JLT Re is pedaling 1,300 km from London to Monte Carlo
by adina.tudor@mxp.ro, 2013-09-05
"Team JLT Re", represented by Emma BIGGS, Paul HARRIS, David IBESON,
Barry KEEGAN, Chris MEDLOCK, Harry OWEN and Andrew SAINSBURY have entered a team
into the Inaugural Lime Street to Monte Carlo Charity Cycle Ride in order to
raise funds for The Wooden Spoon Charity and Action on Addiction. A target of
GBP 50,000 has been set. The inaugural event left LLOYD's of London, Lime Street
on the 30th August 2013 and involves a 1,300 km journey over 9 days. Team JLT
Re arrives in Casino Square, Monte Carlo on the 7th September 2013 in time for
the annual Reinsurance conference.
More
 UNIQA
reports profits up by 85% to EUR 197 million
by vlad.boldijar@mxp.ro, 2013-09-05
In the first half of 2013, the Austrian insurance group UNIQA increased
its profit on ordinary activities by 84.5%, to EUR 196.6 million, "despite
net costs of around EUR 30 million as a result of flood damage," while the consolidated net profit increased by 162.7% to EUR 150.6 million,
according to the 1H2013 Report, recently published by the company.
At the same time, the value of GWP increased by 7.4% y-o-y to EUR
3.07 billion, the total amount of retained insurance benefits rose
by 5.9% to EUR 2 billion, while the combined ratio improved to 99.4%
(100.7% in 1H2012).
More Продолжение
 CARPATICA
Asig's GWP increased by 77% in the first 6 months of 2013. Non-motor
segments up by 135%
by mihaela.circu@mxp.ro, 2013-09-05
In the first semester of 2013, CARPATICA Asig reported gross written
premiums of EUR 52.1 million (RON 229 million), increasing by 77%
compared to the same period last year (EUR 28.9 million / RON 128.75
million).
More Продолжение
 MOLDOVA
1H2013: Insurance market up by 14% in the first half year
by alina.ciobanu@mxp.ro, 2013-09-05
The Moldavian insurers in 1H2013 wrote premiums worth MDL 571.5 million
(EUR 35.4 million, 14% more than a year earlier, according to the
preliminary financial data centralized by the National Commission
for Financial Markets (NCFM). Also, the companies have paid claims
totaling MDL 196.6 million (EUR 12.2 million), 5% up y-o-y.
More Продолжение
 LITHUANIA:
In H1 the market grew by 10%; a faster than estimated annual growth
rate is expected for the end of year
by vlad.boldijar@mxp.ro, 2013-09-05
In the first half-year the insurance market grew by almost one tenth
- insurers registered in Lithuania and local branches of insurance
companies from other European Union member states written LTL 940.1
million (or EUR 242 million) in premiums - 9.9% more than in the
same period last year.
More Продолжение
 TRIGLAV
1H2013: EUR 45.6 million in net profit and eying a star acquisition
by daniela.ghetu@mxp.ro, 2013-09-05
The Slovenian TRIGLAV Group ended the first half of 2013 with a net
profit of EUR 45.6 million, 10% up as compared with 1H2012, the parent
company Zavarovalnica TRIGLAV contributing to this result with a
share of EUR 37.5 million (50% up y-o-y). With the approval of the
interim results, the Group's Supervisory Board gave the green light
to Zavarovalnica TRIGLAV's participation in the process of selling
off CROATIA Osiguranje.
More Продолжение
 RUSSIA,
1H2013: GWP up 13% to EUR 11.4 billion
by alina.ciobanu@mxp.ro, 2013-09-05
Gross written premiums volume reported by insurers Russia in 1H2013
amounted to RUB 467.5 billion (EUR 10.62 billion), 13% more than
a year earlier, according to the financial data from the National
Service of Financial Market of Russia (FSFR), reported by info.ru.
More Продолжение
 TALANX
1H2013: GWP up by 10% to EUR 15 billion. The group sees EUR 700 million
net profit at the end of the year
by vlad.boldijar@mxp.ro, 2013-09-05
The gross premiums written by the German insurer TALANX increased
by 10% in 1H2013 compared with the previous year, up to EUR 14.97
billion, while net premiums earned increased by 12% y-o-y to EUR
11.49 billion. At the same time, the TALANX Group closed the first
six months of 2013 with an operating profit of EUR 1 billion - up
19% y-o-y, the group net income grew by 15% to EUR 407 million, while
the combined ratio improved to 96%.
More Продолжение
 ZURICH
H1 figures impacted by weather-related events
by vlad.boldijar@mxp.ro, 2013-09-05
Swiss ZURICH Insurance Group posted a 1H2013 business operating profit
(BOP) of USD 2.29 billion, 9% less than last year's USD 2.51 billion,
while its net income attributable to shareholders (NIAS) fell to
USD 1.85 billion, from USD 2.27 billion in 1H2012. At the same time,
the combined ratio was 95.6%, representing an increase of 0.7% compared
with the prior year.
More Продолжение
|
| PRESS
CUTTINGS |
|
| EDITORIAL |
 5
years in 5 minutes!
How much time do you need to find, gather and
review an insurer's history over the last five years? If the insurer
you are interested in is doing business in Romania, than the right
answer should be ... no more than five minutes! The answer the same
if you're interested in the entire market's evolution, regardless
of the specific indicators you need to know. How so? It is enough
to pay a short visit to the newest and most flexible insurance database
available in the Central and Eastern Europe: InsuranceProfile Interactive
Read
More
daniela.ghetu@mxp.ro
|
| INTERVIEW |
 Vitaliy
GARSTEA
General Director
Actuarial Bureau of Statistics
Kazakhstan
The new method used to issue MTPL insurance policies implemented
through the United Insurance Database significantly increased the
level of coverage for vehicle owners and also reduced fraud.
Moreover, recording accident-free drivers through the use of the
bonus-malus system has also become very handy because it offers an
advantage during the acquisition of insurance policy.
More
|
| STATISTIC
UPDATES |
| EVENTS |
|
Les Rendez-Vous de Septembre
September 7th-13th, 2013
Monte Carlo, Monaco
Organizer: RVS
For details: www.rvs-monte-carlo.com
SWISS Re Reception - Medical Malpractice Insurance
September 19th, 2013
SOLE Restaurant - Bucharest, Romania
Organizer: SWISS Re
13th International Yalta Finance Forum
September 17th-21st, 2013
Yalta, Ukraine
Yalta Intourist Hotel
Organizer: Perspektiva Business
Strategy Centre with support of League of Ukrainian Insurance Companies
Media Partner: XPRIMM Publications
For details: www.cbs.org.ua
International Istanbul Insurance Conference
October 3rd-4th, 2013
Istanbul
Organizer: Istanbul Underwriting
Center
10th ICAR - International CAtastrophic Risks Forum
October 15th, 2013
Parliament Palace - Bucharest, Romania
Organizer: Media XPRIMM
Media Partner: PRIMM Magazine
- Insurance & Pensions
For details: www.icarforum.ro
5th Annual Insurance Distribution Strategies Forum
October 17th-18th, 2013
Vienna, Austria
Organizer: Fleming Europe
Media Partner: XPRIMM Publications
For details: www.flemingeurope.com
WorldPensionSummit 2013
November 13-14, 2013
Amsterdam, Netherlands
Media Partner: XPRIMM Publications
For details: www.worldpensionsummit.com
EIOPA Conference
November 20th, 2013
Frankfurt am Main, Germania
Organizer: EIOPA
FIAR 2014 - The International Insurance - Reinsurance
Forum
May 25-29, 2014
Organizer: Media XPRIMM
Media coverage: XPRIMM Publications |
| STATISTICS |
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