 BADEN-BADEN
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NEWS |
 Corneliu
MOLDOVEANU will be the new Vice-president of the Romanian Financial
Supervisory Authority, in charge of the insurance sector
by adina.tudor@mxp.ro, 2013-10-31
Corneliu MOLDOVEANU was ratified by the reunited Commissions for
Budget and Finances of the Chamber of Deputies and the Senate as
Vice-president of ASF - The Financial Supervisory Authority, in charge
with the insurance sector. In order to occupy this new function,
his nomination must be ratified by the Romanian Parliament in the
common assembly of the two Chambers.
 More  Продолжение
 Romania
- the third motor insurance market in CEE
by mihai.cracea@mxp.ro, 2013-10-31
Although Romania is only the sixth largest insurance market in Central
and Eastern Europe, by GWP, data published by XPRIMM Insurance Report
1H2012 shows that it houses the third largest motor insurance market
in the region, with written premiums reaching almost EUR 500 million
(over 10% of the CEE market).
More
 UKRAINE:
Despite the changing legislative frame, the market grew by 49.6%
in 1H2013
by olesea.adonev@mxp.ro, 2013-10-31
Gross written premiums collected by Ukrainian insurers in 1H2013
amounted to UAH 14.33 billion, which represents 49.6% more y-o-y.
The life insurance market grew by 34%. The significant increase in
GWP in the non-life segment related to changes in the Tax Code, which
led to an increase in reinsurance operations on the domestic market
(tax optimization of business entities).
More Продолжение
 GEORGIA:
Health insurance - a new business opportunity for insurers?
by olesea.adonev@mxp.ro, 2013-10-31
On February 28th 2013, the universal healthcare program was launched
in Georgia, addressing the needs of citizens who do not have adequate
health insurance. In less than five months 1,347,658 people have
been enrolled, more than 40 thousand of those being served in an
out-patient setting, and almost 15.5 thousand receiving treatment
in hospital, which cost the state treasury of Georgia nearly GEL
6.4 million.
More Продолжение
 POLAND
1H2013: The second worst performance in the last five years
by daniela.ghetu@mxp.ro, 2013-10-31
Polish insurers ended the first half of 2013 with a GWP worth PLN
29.94 billion, almost 10% down y-o-y, a result which, translated
into the European currency, looks even worse (EUR 6.9 billion, 11.3%
decrease y-o-y). This is the second worst market performance in the
last five years, after the 13% fall recorded in 2009.
More Продолжение
 SAFETY
Broker reports a business volume of almost EUR 38 million in the
first 9 months of 2013. The company extends its activity in the Republic
of Moldova
by adina.tudor@mxp.ro, 2013-10-31
In the first 9 months of 2013, SAFETY Broker intermediated a premium
volume of EUR 37.68 million, EUR 14 million more than in the same
period last year. 61% of the total represented MTPL premiums, 23%
corresponded to the Motor Hull segment and household insurance represented
8.3%.
More
 SERBIA
1H2013: Public tenders are helping the property insurance growth
but many small and mid-size risks are not insured yet
by daniela.ghetu@mxp.ro, 2013-10-31
Serbian insurers ended 1H2013 with GWP amounting to RSD 34.07 billion,
4.86% up y-o-y in nominal terms. The slight appreciation of the Serbian
currency as against the Euro made the market results denominated
in European currency show a better dynamic. Thus, GWP amounted to
EUR 298.4 million, 6.4% up y-o-y.
More Продолжение
 SLOVAKIA
1H2013: UL insurance sees first decline since 2009 and technical
balance on motor lines are worrying local companies
by daniela.ghetu@mxp.ro, 2013-10-31
"Steady" is apparently the word that best describes the Slovakian insurance
market's evolution in the first half of 2013. With an overall GWP of EUR 1.06
billion, 1.3% up y-o-y, the market seems to produce no surprises. Still, at a
closer look, there are few things worth being noted.
More Продолжение
 UNIQA
buys the Serbian and Croatian BALOISE subsidiaries
by daniela.ghetu@mxp.ro, 2013-10-23
The Austrian UNIQA Group is expanding its presence in the ex Yugoslavian
countries by buying the BALOISE Group's subsidiaries in Croatia and
Serbia, BASLER osiguranje Zagreb and BASLER osiguranja, Belgrade.
Representatives of the two companies have signed a purchase agreement
for EUR 75 million, announced BALOISE.
More Продолжение
 SLOVENIA
1H2013: health insurance stabilizes the non-life segment while the
market structure shows spectacular changes
by daniela.ghetu@mxp.ro, 2013-10-31
The first half of 2013 confirmed the slightly downward trend installed
on the Slovenian insurance market in 2012. Thus, local insurers ended
1H2013 with underwritings of EUR 1.08 billion, 1.16% down as compared
with the same period of 2012.
More Продолжение
 MACEDONIA
1H2013: 6.2% y-o-y growth in GWP and strong governmental support
for agricultural insurance
by daniela.ghetu@mxp.ro, 2013-10-31
With GWP amounting to EUR 58.8 million by the end of 1H2013, the
Macedonian insurance market continued to follow the upswing trend,
showing a 6.2% growth y-o-y. "The
insurance sector is in a dynamic phase of development despite the
financial crisis and its consequences are felt" Klime POPOSKI, President of the Council of Experts, Macedonian ISA, told XPRIMM.
More Продолжение
 MONTENEGRO
1H2013: +4.71% y-o-y
by daniela.ghetu@mxp.ro, 2013-10-31
The 1H2013 results of the Montenegrin insurance market confirmed
the trends already visible by the end of 2012 and in the first quarter
of 2013 - an obviously slowing growth trend on the non-life insurance
segment together with a continuously improving dynamic on the life
insurance lines.
More Продолжение
 ARMENIA
1H2013: Steps ahead on the path of development
by olesea.adonev@mxp.ro, 2013-10-31
Despite its small overall size, of only EUR 42 million in 1H2013,
Armenia is a market worth watching as it shows some interesting novelties.
The bonus-malus system recently introduced on the motor insurance
segment, as the new compulsory health insurance or the novelties
in preparation for the agricultural insurance changes are only the
main features in terms of market development.
More Продолжение
 BELARUS
Q32013: 54.3% market growth, with a growing share of the voluntary
lines
by alina.ciobanu@mxp.ro, 2013-10-31
During the first 9 months of 2013, Belarusian insurance companies
underwrote premiums of USD 527 million, 54.3% up y-o-y, according
to the data provided by the Belarusian Ministry of Finance.
More Продолжение
 GENERALI
simplifies its geographical structure into seven regions
by mihai.cracea@mxp.ro, 2013-10-31
Through the creation of two new regions - EMEA and Latin America
- GENERALI re-defines its geographical structure based on seven markets,
in line with the strategy to simplify the Group and its governance.
The new setup aims to optimize the Group's international operations
and will enable greater coordination between local businesses and
the Head Office.
More
 WorldPensionSummit
2013: trends and solutions in the current pensions landscape
by daniela.ghetu@mxp.ro, 2013-10-31
Financial markets are more complex than ever before: new technology,
a new generation of people being educated in new ways, changing demographics
and a rapidly shifting financial landscape all combine to place new
challenges on pension providers.
More Продолжение
 Bulgaria:
Increasing traffic safety - a challenge for the entire insurance
industry
by olesea.adonev@mxp.ro, 2013-10-31
Over the past 12 years, more than 11.000 people died in car accidents
in Bulgaria, according to statistics. In 2013, approximately 400
people died and 5.000 have been injured so far.
More Продолжение
 The
first insurance risk forum of 2014 will be held in Vienna
by alina.ciobanu@mxp.ro, 2013-10-31
The 3rd Annual Insurance Risk Management Forum, organized by FLEMING
Europe, will take place on February 29-30, 2014 in Vienna, Austria.
Among others, the forum's key discussions will include the enterprise-wide
risk management framework, the emerging risks, risk culture, operational
and reputational risks, supply chain and business continuity risk
etc.
More
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| PRESS
CUTTINGS |
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| EDITORIAL |
 Quick,
convenient, comprehensive
One year ago, the ACEA statistics regarding
the passenger cars sales in the EU showed the worst month of September
since ACEA recorded new registrations in the EU27 in 2003. One month
ago, the association reported a 5.4% y-o-y growth in sales for the
same category of vehicles. Should motor insurers see this news as
a good sign for the future of their business? Considering that the
nine months sales figures still show a negative trend ... maybe it
is too early for optimisms. What are than the rebound chances for
the MOD insurance line, especially in the emerging markets where
this market segment is closely linked with the car sales dynamic?
More
daniela.ghetu@mxp.ro
|
| INTERVIEW |
 NATIONAL
BANK OF SERBIA
The Administration for the Supervision of Financial Institutions
Insurance Supervisory Department
Long term positive trends have persisted, but with evidence of a
slowdown in 1H 2013. In total, 28 insurance companies are present
on the market, so the number of participants remained unchanged and
the concentration, measured by the Herfindahl Hirschman index, remained
moderate. At the end of 1H 2013 insurance companies in Serbia had
11,604 employees.
More
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- Bancassurance segment in Moldova - what
is its potential?
- Implementing the bancassurance model in
Moldova
- Distribution techniques for life and non-life
insurance products through banks
|
| STATISTIC
UPDATES |
| POINT
OF VIEW |
 Kemal
CUHACI
Deputy General Manager
MILLI Re
Turkish insurance industry, although not such a profitable market
as it should have been, is gradually developing and showing real
growth every year. On the other hand, it represents a greater attraction
for the foreigners as it is increasing national productivity and
national income, developing insurance awareness of the public, improving
the legal infrastructure and positively impacting several economic
and social factors which affect the insurance activities positively.
More
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| EVENTS |
|
Insurance Conference "Driving
is the responsibility"
November 1st, 2013
Sheraton Sofia Hotel Balkan
Sofia, Bulgaria
Organizer: INSMARKET
Media Partner: XPRIMM Publications
For details: www.otgovornost.insmarket.eu
Competition for driving skills of vehicles between
journalists, police officers and insurers
November 2nd, 2013
Parking Lot NDK
Sofia, Bulgaria
Organizer: INSMARKET
Media Partner: XPRIMM Publications
International Conference - The Strategy of Developing
the Life Insurance Market: Practical Aspects of Its Implementation
November 7th, 2013
The "8 Columns" complex
Moscow, Russia
Organizers: The Association
of Life Insurance Companies and the All-Russian Insurance Association
Media Partner: XPRIMM Publications
For details: www.insur-life.ru
WorldPensionSummit 2013
November 13th-14th, 2013
Amsterdam, Netherlands
Media Partner: XPRIMM Publications
For details: www.worldpensionsummit.com
National Bancassurance Conference
Friday, November 15th, 2013
Hotel Leogrand, Raut Hall
Chisinau, Republic of Moldova
Organizer: Media XPRIMM
EIOPA Conference
November 20th, 2013
Frankfurt am Main, Germania
Organizer: EIOPA
Solvency II Forum
November 21st-22nd, 2013
Vienna, Austria
Fleming's Deluxe Hotel
Organizer: GLC Europe
Media Partner: www.xprimm.com
For details: www.globalleadingconferences.com
November Reinsurance Meetings
November 25th-26th, 2013
New Square, Moscow
Organizer: All-Russian Insurance
Association (ARIA) and co-organizer - Business Format Group
Media Partner: XPRIMM Publications
For details: www.ins-df.com
International Agricultural Finance&Credit
Risk Management Forum
November 25th-26th, 2013
Hotel InterContinental
Kyiv, Ukraine
Organizer: AgroInsurance International
Media Partner: XPRIMM Publications
For details: www.agrifinanceforum.com
Middle East and Africa Insurance Summit
January 20th-21st, 2014
Dubai, United Arab Emirates
Organizer: Fleming Gulf
Media Partner: www.xprimm.com
For details: finance.fleminggulf.com
3rd Annual Insurance Risk Management Forum
February 19th-20th, 2014
Vienna, Austria
Organizer: Fleming Europe
Media Partner: XPRIMM Publications
For details: www.flemingeurope.com
FIAR 2014 - The International Insurance - Reinsurance
Forum
May 25-29, 2014
Organizer: Media XPRIMM
Media coverage: XPRIMM
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