 TOP
NEWS |
MTPL
in CEE, 2014: Stable premiums, but scarce profitability and worsening
technical results in the big markets
by daniela.ghetu@mxp.ro, 2015-04-16
In 2014, among the motor insurance lines, the compulsory MTPL segment
recorded the most stable evolution in CEE, with an almost insignificant
y-o-y decrease in premium (EUR 5.46 billion). However, it should
be said that the "regional
stability" of the MTPL line is only the result of consolidation, at individual level the
region's countries showing extremely divergent trends.
 More
The
latest issue of Motor Insurance Report, to be launched at "IIF - Motor insurance-the road towards profitability conference"
by adina.tudor@mxp.ro, 2015-04-16
The latest issue of XPRIMM Motor Insurance Report - CEE, CIS, SEE,
the first specialized publication dedicated to the 32 motor insurance
markets from CEE, SEE and CIS regions, will be officially launched
on April 20th, during the 5th edition of the "IIF
- Motor insurance - the road towards profitability".
More
Russian
market 2014 results available in the latest issue of Insurance Profile
Russia
by mihai.cracea@mxp.ro, 2015-04-16
The complete results of the Russian insurance market in 2014 are
now available in the latest issue of the Insurance Profile Russia.
More
VIENNA
Insurance Group: Gross profit increases 46 percent to EUR 518.4 million
by mihai.cracea@mxp.ro, 2015-04-15
VIENNA Insurance Group earned EUR 9.1 billion in premiums in the
financial year 2014, an increase of 0.9 percent when adjusted for
currency effects. This performance is underlined by a significant
improvement of around 4 percentage points in the combined ratio,
reducing it to 96.7 percent. In the CEE region, the combined ratio
even amounted to just 93.4%.
More
STATISTICS: GEORGIA,
FY 2014: Excluded from the state health insurance program, insurers
have improved profitability
by daniela.ghetu@mxp.ro, 2015-04-16
Georgian insurers were confronted with a challenging year in 2014,
mainly because of the health insurance program cessation. "The
state health insurance program - initiated by the Government of Georgia
in 2007 in order to provide medical insurance to vulnerable groups
of Georgian population via private insurance companies -, represented
app. 45% the total 2013 GWP. In 2014 the program was canceled. As
a result, despite the robust growth in corporate sector, the insurance
market shrank by 30%," Vakhtang DEKANOSIDZE, CEO IRAO told XPRIMM.
More
STATISTICS: SERBIA,
FY 2014: Driven by the life insurance growth and slightly affected
by the May floods' losses
by daniela.ghetu@mxp.ro, 2015-04-16
The Serbian insurance market ended 2014 with a 8.4% increase in GWP,
to RDS 69.4 billion. In European currency, given the about 6% depreciation
of the Serbian Dinar, the market growth was of only 2.7%, to EUR
573.8 million. "Serbian
insurance market continued exhibiting similar trends identified in
the previous period," as stated by the representatives of the Serbian National Bank, the market watchdog. "Overall stability of the insurance market was preserved, while insurance companies
continue to face cost pressures in their operations."
More
Reinsurance
through the eyes of the Russian market
by olesea.adonev@mxp.ro, 2015-04-16
Regardless of the current economic situation in Russia, local re/insurers
are powerless to place some 2.000 individual risks with western companies,
because of the international sanctions affecting Russia.
More
Kazakhstan:
2014 has been marked by positive trends
by oleg.doronceanu@mxp.ro, 2015-04-14
The insurance market of Kazakhstan is very dynamic
and 2014 has been marked by positive trends regarding assets, capital
and reserves of insurance companies.
More
STATISTICS: MOLDAVIAN
market down by 10% in 2014 due to the currency depreciation
by vlad.boldijar@mxp.ro, 2015-04-16
Last year the Moldavian insurance market totaled MDL 1.2 billion
or 0.4% more y-o-y, according to the official statistics published
by the National Commission of Financial Market - NCFM. Denominated
in euro, due to the depreciation of the national currency, the local
insurance market was down by 9.9% to EUR 64.6 million. The value
of claims paid by insurers was up by 6.6% y-o-y to EUR 27.6 million,
of which motor insurance classes (hull, MTPL and Green Card, summed)
accounted for more than 58% (or EUR 16 million) while financial loss
policies represented 30% (or EUR 8.2 million).
More |
Bank
of Lithuania: Profits of insurers boosted by more than a third
in 2014
by vlad.boldijar@mxp.ro, 2015-04-16
In 2014, insurance undertakings registered in Lithuania, according
to unaudited data, earned EUR 24.1 million (LTL 83.2 million) of
profits, a year-on-year increase of 36$. The highest profits were
generated by the insurance activity; however, the overall result
was significantly enhanced by profits from the investing activity. "The
result of the previous year is almost record high - higher profits
were only earned in 2007. The results varied significantly across
insurance branches though - the return on the insurance activity
within non-life insurance was almost 6 times lower than that of life
assurance undertakings," says Mindaugas SALCIUS, Deputy Director of the Prudential Supervision Department
of the Supervision Service at the Bank of Lithuania.
More
Fewer
people killed on the CEE roads despite the increasing number of road
accidents, in 2013
by daniela.ghetu@mxp.ro, 2015-04-16
Car crashes killed over 9,600 persons and injured about 203 thousand
in 2013 on the CEE roads, in a total number of road accidents close
to 210 thousand, according the data published by the European Commission
and the national statistical offices, collected by XPRIMM. Compared
with the previous years it seems that although there is a slight
increase in the number of accidents, the tragic consequences have
somehow diminished, most probably because of the cars' improved safety
characteristics.
More
After
years of chronic problems, MTPL has become the most unprofitable
segment of the Russian insurance market
by daniela.ghetu@mxp.ro, 2015-04-16
Gross premiums written by the Russian insurers amounted to RUB 987.8
billion, 9.16% up in nominal terms as compared with 2013, a result
which given the 11.36% y-o-y inflation rate recorded by the end of
December, means in fact an about 2% decrease in real terms. Motor
insurance lines, which represent about 42.4% of the non-life GWP,
but generate about 57% of the overall non-life claims expenses, saw
mixed results.
More
UNIQA
Embedded Value remained almost unchanged in 2014
by vlad.boldijar@mxp.ro, 2015-04-16
Last year, the market-consistent Embedded Value of the UNIQA Group
before minority interests remained almost unchanged at EUR 4.20 billion
(EUR 4.21 billion in 2013), the Austrian insurer said in a press
release. In the life and health insurance sector, the indicator fell
by 8.0% to EUR 1.57 billion (vs. EUR 1.70 billion in 2013), while
the adjusted equity applicable rose by 4.0% to EUR 2.60 billion (vs.
EUR 2.48 billion a year before).
More
Want
to know more about bancassurance? Register to the Global Bancassurance & Alternative Distribution Channels Conference!
by oana.racatej@mxp.ro, 2015-04-16
Bancassurance focuses on creating value by identifying, monitoring,
adapting customer-centric approach and establishing a strong partnership
between banks and insurance companies for their mutual benefit. The
latest business opportunities and innovative solutions in bancassurance
and alternative distribution channels will be analyzed during the
two-day "Global
Bancassurance & Alternative Distribution Channels Conference", event which bring together experts from the Banks and Insurance industries.
XPRIMM Publications support de conference as Media Partner.
More
"The
Future of General Insurance in Africa Summit and Expo" focuses on the business potential of the African insurance market
by adina.tudor@mxp.ro, 2015-04-16
The general insurance market in Africa has experienced rapid changes
in recent times, offering an increasingly attractive business environment
for the insurance companies. "The
Future of General Insurance in Africa Summit and Expo" offers a comprehensive view of this local insurance segment and its potential
for the international players. The event will focus on the opportunities
this market it holds and what insurers can anticipate and utilize
to better manage their businesses and operations. The Summit is organized
by LCI - LANDSBERG Communications International. XPRIMM Publications
support the event as Media Partner.
More |
| PRESS
CUTTINGS |
|
| INTERVIEW |
 Martin
DIVIS
President of Czech Insurance Association,
CEO of Kooperativa and VIG CR
Vienna Insurance Group CR seeks to be the biggest and mainly the
first-rate insurer of the Czechs, households and companies. What
I see as our greatest advantage is both that we are making a high-quality
insurance and mainly that we want to make it in long term. We are
very much aware that insurance business is a long term affair as
we contract insurance policies lasting sometimes over 30 years. And
clients apparently know to appreciate it.
More
|
| CURRENT
REPORTS |
| STATISTIC
UPDATES |
| POINT
OF VIEW |
 National
Bank of Serbia
The overall stability of the Serbian insurance market was preserved
in 2014, while insurance companies continue to face cost pressures
in their operations.
More
|
| EVENTS |
IIF 2015 - Motor Insurance - The Road towards
profitability
April 19-20, 2015
Istanbul, Turkey
Organizers: Media XPRIMM and
IUC
For details: www.internationalinsuranceforum.com
The Future of General Insurance in Africa
April 23-24, 2015
Organizer: Landsberg Communications
International - LCI
Media Partner: XPRIMM Publications
For details: www.lcisa.com
Bancassurance. Products and Technologies
April 25, 2015
Moscow, Russia
Organizer: ICG "Business
Service"
Media Partner: XPRIMM Publications
For details: events.bis-info.ru
Global Forum on Cyber Security for Financial Sector
May 11-12, 2015
Frankfurt, Germany
Organizer: PROSPERO Events
Media Partner: XPRIMM Publications
For details: www.prosperoevents.com
FIAR 2015 - The International Insurance - Reinsurance
Forum
May 17-21, 2015
Brasov, Romania
Organizer: Media XPRIMM
For details: www.fiar.ro
Global Bancassurance & Alternative
Distribution Channels Conference
21-22 May, 2015
Prague, Czech Republic
Organizer: Corporate Parity
Media Partner: XPRIMM Publications
For details: www.c-parity.com
7th International Insurance Conference
May 27, 2015
Luxembourg Congres Conference Centre
Organizer: Insurance Europe
SORS Conference
June 10th-12nd, 2015
Sarajevo, Bosnia and Herzegovina
Organizer: SorS, TECTUS and
SVIET Osiguranja
Media Partner: XPRIMM Publications
For details: www.sors.ba
IIF 2015 - Property Insurance in a Stormy Era
June 22-23, 2015
Munich, Germany
Organizers: Media XPRIMM and
NTT Data
For details: www.internationalinsuranceforum.com
AIIF - 2015 Azerbaijan International Insurance
Forum
AIIF
- 2015 Азербайджанский Международный Страховой Форум
July 2nd-3rd, 2015
Organizers: Azerbaijan Insurers
Association and Media XPRIMM
For details: www.xprimm.com |
|
