 TOP
NEWS |
 Czech
Insurance Association, 1Q2014: Insurance market is experiencing
a mild recovery
by vlad.boldijar@mxp.ro, 2014-06-26
First-quarter figures of the Czech Insurance Association (CAP) member
companies revealed a mild recovery after a long period of stagnation
in the insurance market. Annual premiums grew by almost CZK 400 million
to CZK 30.6 billion (Note: ~EUR 1.1 billion), which is a 1.3% increase.
Non-life insurance played an important role in the recovery. Life
insurance, a long-term stabilizing segment, went up by only 0.7%.
 More
 POLAND
1Q2014: The market continues to shrink
by daniela.ghetu@mxp.ro, 2014-06-26
The first quarter of 2014 ended for the Polish insurance market with
results similar to those recorded for the entire year 2013. Thus,
GWP in 1Q2014 amounted to EUR 3.35 billion, 6.8% down y-o-y, a negative
trend driven by the almost 14% fall in the GWP for life insurance.
On the non-life insurance segment, premium production recorded a
quasi-stable evolution, with an overall growth in GWP of 1.35%.
More  ПроÐ?олженÐ?е
 HUNGARY
1Q2014: Return of the downward trend?
by daniela.ghetu@mxp.ro, 2014-06-26
The Hungarian insurance market's results for 1Q2014 are showing a
reversed trend as compared with those recorded for the year 2013.
Thus, after enjoying, for the first time over the last five years,
a positive evolution in GWP, the first quarter of 2014 brought again
a decrease in GWP of 2.5% as compared with 1Q2013, to EUR 772.8 million
(minus 1.63% in local currency).
More ПроÐ?олженÐ?е
 SERBIA
1Q2014: Life insurance kept the market on a positive trend
by daniela.ghetu@mxp.ro, 2014-06-26
After ending 2013 on a positive trend, with a 4.2% growth rate of
the GWP, the Serbian insurance market's evolution slowed down in
1Q2014 - 0.11% y-o-y (calculated in European currency) against a
3.2% growth in GWP for the calculations made in local currency, the
3% y-o-y devaluation of the Serbian Dinar paying its part in the
apparently stagnating status of the market.
More ПроÐ?олженÐ?е
 BiH,
1Q2014: Life segment pushed the market up by 12.5%
by vlad.boldijar@mxp.ro, 2014-06-26
According to the 1Q2014 financial figures published by the two market
authorities which supervise the Bosnian insurance market (Insurance
Supervisory Agency of Federation of Bosnia and Herzegovina - NADOS,
and Insurance Agency of Republika Srpska - AZORS) - the local insurance
industry totaled at the end of March 2014 almost EUR 70 million,
or 12.5% more y-o-y.
More
 ESTONIA
1Q2014: Stagnation in non-life, double digit increase in life insurance
by vlad.boldijar@mxp.ro, 2014-06-26
During January-March 2014, the gross written premiums of Estonian
insurance companies increased by 3.3% y-o-y, reaching EUR 113.6 million,
due the double digit positive performance reported by the life insurers:
+14% y-o-y to EUR 23.2 million.
More ПроÐ?олженÐ?е |
 Serbia:
45% increase of the MTPL price starting July 1st
by Milica PETROVIC, 2014-06-26
The price of MTPL insurance in Serbia will rise
by 45% as of July 1st. By approving this measure, the National bank
of Serbia has accepted a long lasting requirement of insurers that
have been asking for the price to increase because the tariff was
not high enough to cover all the liabilities arising from claims
and other expenses that insurance companies had to pay in accordance
with the law.
More
 BULGARIA:
14 dead and ~ EUR 7.5 million infrastructure damage in last week's
floods
by vlad.boldijar@mxp.ro, 2014-06-26
The torrential rain and floods that hit Eastern Bulgaria last week
killed 14 people - including two children, the Bulgarian media informed.
The most affected area was the Black Sea Port of Varna and the Black
Sea resort of Albena.
More ПроÐ?олженÐ?е
 ROMANIA:
OMNIASIG VIG paid over EUR 4.2 million to victims of the 2013 bus
accident in Montenegro
by vlad.boldijar@mxp.ro, 2014-06-26
The third Romanian insurer in terms of GWP - OMNIASIG VIG - recently
announced payments of more than EUR 4.2 million to the victims of
the bus accident in Montenegro last year. According to the statement
released by the insurer, the company already settled 42 cases based
on the MTPL policy (out of a total of 46) for which it paid EUR 4.15
million.
More ПроÐ?олженÐ?е
 SERBIA:
The Slovenian TRIGLAV Group close to buying DDOR Novi Sad
by vlad.boldijar@mxp.ro, 2014-06-26
The Slovenian insurance Group TRIGLAV is very close to buying Serbia's
third insurer - DDOR Novi Sad, currently owned by the Italian group
UNIPOL-SAI, recently said dnevnik.si. According to the source, the
Serbian insurer is worth about EUR 40 million - 80 million.
More ПроÐ?олженÐ?е
 GREECE:
ALLIANZ and ERGO interested in buying AGROTIKI
by vlad.boldijar@mxp.ro, 2014-06-26
ALLIANZ SE - the largest European insurer and ERGO Versicherungsgruppe
- the insurance unit of MUNICH Re - are in talks to buy the Greek
insurer AGROTIKI Insurance - owned by PIRAEUS Bank, according to
BLOOMBERG quoting three people familiar with the matter.
More ПроÐ?олженÐ?е
 AZERBAIJAN:
The insurance market will be completely opened to foreign investors
by 2017
by daniela.ghetu@mxp.ro, 2014-06-26
The current cap set on the foreign capital's participation in the
Azeri insurance companies will be completely removed by 2017, the
Azerbaijani Finance Minister, Samir SHARIFOV, announced at AIIF 2014.
More ПроÐ?олженÐ?е
 The
need to create a catastrophic risks insurance pool debated in Bulgaria
by olesea.adonev@mxp.ro, 2014-06-26
A 7 magnitude earthquake (on the Richter scale) in Sofia, Bulgaria,
will most likely affect about 2 million people, according to Professor
Emil BOTEV from the National Institute of Geophysics, Geodesy and
Geography of Bulgaria. An estimate of the possible damage shows that
about 39,000 buildings could be completely destroyed, while the total
damage to infrastructure could amount to EUR 20 billion.
More ПроÐ?олженÐ?е
 SERBIA:
Waiting for the new Insurance Law
by Milica PETROVIC, 2014-06-26
Until the end of summer Serbia could get a new Insurance Law. The
National Bank of Serbia created a new Draft law to undergo a public
debate by the end of June, which is also the deadline for insurance
companies to provide their suggestions and comments.
More
 UKRAINE:
Financial service market watchdog decided to put order in the market
by daniela.ghetu@mxp.ro, 2014-06-26
"By the end of 2014, 7-10% of the Ukrainian insurance companies, involved in
doubtful transactions via reinsurance, will leave the market," the Head of the National Commission for Financial Service Markets Regulation
of Ukraine, Maksym POLIAKOV, quoted by Interfax. He also said that, currently,
only 20% of the market capital is represented by real funds, while 50% are bills
of exchange and shares.
More ПроÐ?олженÐ?е
|
| OTHER
NEWS |
| PRESS
CUTTINGS |
|
| AIIF
2014 |
More than 250 people representing the top management
of insurance, reinsurance and brokerage companies, IT and audit,
as well as government agencies and associations from the Caucasus
Region, Central Asia, Europe, Turkey, Russia and CIS countries participated
in AIIF 2014 - Azerbaijan International Insurance Forum.
More ПроÐ?олженÐ?е |
| INTERVIEW |
 Manuel
BAUER
Member of the Management Board
ALLIANZ SE
The business of insurance companies is a long-term business. We work
with forecasts and rely on assumptions that might or might not become
true in the future. To help us make sound business decisions a stable
political and regulatory environment is essential. People buy P&C
insurance today to prevent a potential loss in the future. The business
of life insurance is a business where one makes a decision today
that will pay off only in 20 or 30 years.
More
|
| STATISTIC
UPDATES |
| EVENTS |
|
VIII All-Russian Forum Car loans in Russia - 2014:
banks, dealers, automakers, insurers
June 26-27, 2014
Moscow, Holiday Inn Moscow Sokolniki Hotel
Organizer: Global Forum LLC
For details: www.globalforumfactory.ru
4th Annual Risk Management Forum 2014
September 11-12, 2014
Vienna, Austria
Media Partner: XPRIMM Publications
Organizer: Global Leading Conferences
For details: globalleadingconferences.com
Les Rendez-vous de Septembre 2014
September 13-18, 2014
Monte Carlo, Monaco
For details: www.rvs-monte-carlo.com
European Life Insurance Forum
September 25-26, 2014
NH Danube Hotel , Vienna
Organizer: Global Leading Conferences
Media Partner: XPRIMM Publications
For details: www.globalleadingconferences.com
IBF - Insurance Business Forum
September 29th - October 3rd 2014
Swissotel Kamelia
Sochi, Russia
Organizers: Delovoi Format
and National Insurance Guild
Co-organizer: Media XPRIMM
11th ICAR - International CAtastrophic Risks Forum
October 8th, 2014
Bucharest, Romania
Organizer: Media XPRIMM
Media Partner: PRIMM Magazine
- Insurance & Pensions
Baden Baden XPRIMM Reception
October 19, 2014
Baden Baden, Germany
Organizer: Media XPRIMM
Azeri Evening - Baden Baden
October 19, 2014
Baden Baden, Germany
Organizer: Azerbaijan Insurers
Association
Turkish Evening - Baden Baden
October 21, 2014
Baden Baden, Germany
Organizer: Instanbul Underwriting
Center
Baden Baden Meetings 2014
October 19-23, 2014
Baden Baden, Germany
For details: badendirectory.com
FIAR 2015 - The International Insurance - Reinsurance
Forum
May 17-21, 2015
Brasov, Romania
Organizer: Media XPRIMM
Media coverage: XPRIMM
Publications |
| POINT
OF VIEW |
 Julia
CILLIKOVA
Director of the Regulation and Financial Analysis Department of the
National Bank of Slovakia
The solvency of insurance companies slightly decreased in 2013. The
main reason for this decrease could be found in the value depreciation
of the long term securities, which affected the asset portfolios
of insurance companies. The period of low interest rates has continued
on the financial markets and it could have a significant impact on
the insurance companies as they guarantee the minimal yields in the
classical life policies.
More
|
| STATISTICS |
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