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NEWS |
 FIAR
2015 begins on Sunday, bringing together re/insurance specialists
from Europe and beyond
by adina.tudor@mxp.ro, 2015-05-14
Between May 17 and May 21, the Romanian city of Brasov is the host
of the most important European spring event dedicated to the insurance,
reinsurance and private pensions markets. The 18th edition of FIAR
- the International Insurance-Reinsurance Forum brings together well-known
representatives of all major insurance and reinsurance companies.
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Which
are the current objectives of TRUST Re regarding the Romanian market?
by andreea.radu@mxp.ro, 2015-05-14
TRUST Re is committed to being an added value business partner in
the Romanian insurance market with high financial security which
allow us to provide strong capacity covering a wide range of underwriting
classes and reinsurance types, Sinisa LOVRINCEVIC, Branch General
Manager of TRUST Re, said.
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MILLI
Re talks about the main challenges for the reinsurance market in
2015
by oana.racatej@mxp.ro, 2015-05-14
One of the main challenges that the reinsurance market must face
in 2015 is n increased capacity in the region, generated by new players
trying to penetrate the market and the existing ones trying to extend
their business.
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CertAsig:
FIAR is the ideal context for strengthening our relationships with
the brokers
by oana.racatej@mxp.ro, 2015-05-14
CertAsig considers that the broker's role is essential for the Romanian
insurance industry because of the real help they offer in rapidly
settling the claim file by mediating talks between the insurer and
the insured.
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EIOPA
estimates its needs for fulfilling its duties for Solvency II implementation
by adina.tudor@mxp.ro, 2015-05-09
The European Insurance and Occupational Pensions Authority (EIOPA)
published a Report on Staffing and Resources Needed to Accomplish
Tasks in Accordance with Article 310a of the Solvency II Directive.
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MUNICH
Re quarterly profit down to EUR 790 million
by vlad.boldijar@mxp.ro, 2015-05-13
MUNICH Re reported a consolidated profit of EUR 790 million for the
first quarter of 2015 - down by 16% from EUR 941 million in 1Q 2014.
The operating result of EUR 995 million was below the figure for
the same quarter last year (EUR 1,327 million), while the value of
GWP grew by 0.9% to EUR 13.0 billion.
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SCOR
reported Q1 net income of EUR 175 million, up by 30% y-o-y
by vlad.boldijar@mxp.ro, 2015-05-13
The Paris-based reinsurer SCOR reported a 30% y-o-y increase in its
Q1 2015 net income to EUR 175 million, while the value of gross written
premiums were up by 17% y-o-y to EUR 3.12 billion.
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SWISS
Re delivers a 17% rise in 1Q 2015 net income, to USD 1.4 billion
by vlad.boldijar@mxp.ro, 2015-05-13
SWISS Re reported a net income of USD 1.4 billion for the first quarter
of 2015 and ROE of 16.1%, "driven
by profitability across all Business Units and strong investment
results", while the value of earned premiums and fee income increased at constant foreign
exchange rates by 7%, to USD 7.6 billion.
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STATISTICS: ALBANIAN
insurers' GWP up 14.41% in Q1
by vlad.boldijar@mxp.ro, 2015-05-13
The Albanian insurance market reached ALL 3.02 billion (EUR 21.53
million) in the January-March 2015 period, or 14.41% more y-o-y,
the official statistics published by the Albanian Financial Supervisory
Authority - AFSA indicated.
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STATISTICS: Croatian
insurers' gross written premiums, up by 3.76% in Q1
by vlad.boldijar@mxp.ro, 2015-05-13
The GWP underwritten by Croatian insurers totaled HRK 2.54 billion
(EUR 332.34 million) in the first quarter of 2015, up by 3.76% y-o-y,
the Croatian Insurance Bureau announced. The value of paid claims
by insurers totaled HRK 1.06 billion, 1.22% less y-o-y.
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STATISTICS: Estonian
Statistics Board, 1Q2015: The GWP for the insured risks in the country
increased 4% y-o-y
by vlad.boldijar@mxp.ro, 2015-05-13
Estonian insurers reported gross written premiums totaling EUR 87.24
million at the end of March 2015, 4% more compared with the previous
year, according to quarterly market figures published by the Estonian
National Statistics Board.
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STATISTICS: KOSOVO,
1Q2015: GWP of EUR 18 million, similar with the 1Q2014 value
by vlad.boldijar@mxp.ro, 2015-05-13
At the end of March 2015, the Kosovo insurance market totaled EUR
18.04 million - a value similar to that reported for the first quarter
of last year, the market statistics published by the Central Bank
of Kosovo - CBK indicate.
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STATISTICS: Montenegrin
insurers Q1 GWP up 9%
by vlad.boldijar@mxp.ro, 2015-05-13
The 11 Montenegrin insurers activating on the market reported aggregate
gross written premiums of EUR 17.06 million for the January-March
2015 period, up from EUR 15.63 million in 1Q2014, the figures published
by the country's Insurance Supervision Agency indicated.
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AON
Q1 revenues down 3% due to the negative currency impact
by vlad.boldijar@mxp.ro, 2015-05-13
The risk and insurance brokerage services provider AON reported a
net income attributable to shareholders of USD 328 million for the
first three months of the year, up from USD 325 million in the first
quarter of 2014.
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AXA
posts 2% Q1 increases in revenues driven by growth on all business
lines
by vlad.boldijar@mxp.ro, 2015-05-13
French insurer AXA reported total revenues of EUR 31.5 billion for
the 1Q2015 period, up by 2% y-o-y "driven
by growth in all business lines", as the company noted in a press release.
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MMC
revenues declined by 1% in 1Q2015
by vlad.boldijar@mxp.ro, 2015-05-13
MARSH & McLENNAN Companies (MMC) reported for
the first quarter of 2015 consolidated revenues of USD 3.2 billion,
a decline of 1% compared with the first quarter of 2014, "reflecting a 6% negative currency impact", the company noted in the press release.
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STATISTICS: AZERBAIJAN:
1Q2015: Local market reported a 14.30% growth
by olesea.adonev@mxp.ro, 2015-05-13
In 1Q2015, the Azeri insurance market totaled AZN 134.80 million,
increasing by 14.30% in local currency compared with the same period
last year, while the claims paid amounted to AZN 35.75 million (up
by 25.13%), according to data presented by the Ministry of Finance
of the Republic of Azerbaijan.
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In
Kyrgyzstan, 17 insurance companies are licensed, in reality, only
six of these companies are active
by olesea.adonev@mxp.ro, 2015-05-13
According to the Kyrgyz Financial Supervisory Commission's data,
in January-September 2014, the total premiums written by the local
insurance companies amounted to KGS 880.98 million, while claims
paid totaled KGS 111.31 million.
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TAJIKISTAN:
Two state insurance companies collected 51% of the total GWP
by olesea.adonev@mxp.ro, 2015-05-13
According to the XPRIMM estimates, the insurance penetration degree
in Tajikistan remains at 0.44% of GDP (2012-2014).
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TURKMENISTAN:
The insurance penetration degree remains at a low level in GDP, 0.20%
(2012-2014)
by olesea.adonev@mxp.ro, 2015-05-13
According to the XPRIMM estimates, the insurance penetration degree
remains at a low level in GDP, 0.20% (2012-2014).
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ALLIANZ,
1Q2015: Downscaling of the Russian business improved the Group's
profitability in the CEE area
by daniela.ghetu@mxp.ro, 2015-05-14
The ALLIANZ Group witnessed an 11.2% increase of its total revenues,
to EUR 37.8 billion, while operating profit grew by 4.8% to EUR 2.86
billion. Net income attributable to shareholders rose 11.0%, up to
1.82 (1.64) billion EUR.
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GENERALI
1Q2015: Improving operating results and strong production growth
by daniela.ghetu@mxp.ro, 2015-05-14
The Italian Group GENERALI closed the first quarter with improving
operating results and strong production growth. Despite the difficult
macroeconomic scenario and interest rates at record lows, the Group
achieved an operating result of EUR 1.3 billion.
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Global
Forum on Cyber Security addressed key topics for the financial sector
by oana.racatej@mxp.ro, 2015-05-09
Cybercrime has now become a global threat affecting millions of people
and countless of businesses. Optimizing technology and driving innovation
have become a rule but these are not as simple and as harmless as
they seem. In this context, cyber security is an increasingly pressing
matter for companies which want to protect themselves and their clients.
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KOMMESK-OMIR
stopped cooperation with Moody's Investors Service
by olesea.adonev@mxp.ro, 2015-05-09
According to Kazakh insurer KOMMESK-OMIR's press release, "the
insurer has decided to withdraw its financial rating which is assigned
by the Moody's Investors Service".
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Are
you interested in the African insurance and reinsurance industry?
by oana.racatej@mxp.ro, 2015-05-06
The international players are focusing more and more on the African
insurance market and its potential for business. The fifth annual
Africa Insurance and Reinsurance Conference seeks to address subjects
like the life insurance industry in Africa, exploring
issues such as inherent operational challenges and analyzing the
efforts being made to take advantage of the emerging opportunities
in the industry and many more.
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TALANX
Q1 GWP up 12.2% and maintains its outlook for 2015
by vlad.boldijar@mxp.ro, 2015-05-13
German insurer TALANX posted an 1Q2015 net income of EUR 251 million
(or 16.2% more y-o-y) and GWP of EUR 9.4 billion,
one million more compared with the 1Q2014 figure. The operating profit
(EBIT) rose by 16.1% to EUR 643 million.
More |
| PRESS
CUTTINGS |
|
The
latest issue of XPRIMM Insurance Report, to be launched at FIAR
2015
by adina.tudor@mxp.ro, 2015-05-14
This year's first issue of XPRIMM Insurance Report, the specialized
publication that offers a statistical overview of the 32 insurance
markets of the CEE, SEE and CIS regions, will be officially launched
on Sunday, May 17, at the International Insurance-Reinsurance Forum
- FIAR 2015.
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| INTERVIEW |
 Johannes
HARTMANN
CEO
VIG Re
Reinsurance buying is undergoing nowadays a fundamental change. Insurance
companies are becoming more sophisticated as they understand their needs
in risks and capital management much better. They make their decisions
how to optimize their reinsurance in a much better informed way. Reinsurance
is not anymore a foreign word to the chief financial officer or the risk
manager but they do not know how to utilize reinsurance as a strategic
tool to optimize their business. And as a provider you have to understand
the impact of a specific solution on the relevant specific accounting standards
and capital model.
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|
| XPRIMM.TV |
 VIDEO: SWISS
Re takes an active role in the CEE insurance markets development
"The CEE market is for us still a growth
area, although at this moment growth eased down a little ias we are
confronted with the economic impacts, which affects the whole Europe,
not only the CEE territory. This is true for many other markets as
well, so we are in a phase where economics are not ideal for the
insurance industry. I wouldn't see such a big difference between
the CEE territories and the other markets. However, I think we have
come across the biggest pain points, as I see developments slightly
picking up," stated Nicola RAUTMANN, Market Executive Austria & CEE, SWISS Re for XPRIMM, on the occasion of an event organized by the Swiss
reinsurer in Bucharest.
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| CURRENT
REPORTS |
| STATISTIC
UPDATES |
| POINT
OF VIEW |
 Nebil
HUSEIYNI
Executive Chairman
AVRASYA Re
The years to come will see a trickledown effect from the more developed
markets to the still developing ones within each continent. However,
reinsurance in Asia will keep developing and expanding at a hefty
pace following in the footsteps of the general economy.
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| EVENTS |
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
May 21-22, 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 10-12, 2015
Sarajevo, Bosnia and Herzegovina
Organizer: SorS, TECTUS and
SVIET Osiguranja
Media Partner: XPRIMM Publications
For details: www.sors.ba
V AIDA Europe Conference
June, 11-12, 2015
Copenhagen, Denmark
Organizer: Association Internationale
de Droit des Assurances
Media Partner: XPRIMM Publications
For details: www.aida.org.uk
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
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