MARSH: Credit insurance portfolio, cleaner in 2010; the claims rate stabilizes In the last two years, credit insurers have revised and decreased both
the exposures to countries and sectors, and to individual customers. For
those interested in buying an insurance, this meant an unprecedented
reduction of available credit limits. As claims size and frequency
increase, both insured and insurers are pressured by claims processing
and by collection of debts. more... (31.08.2010)
EXCLUSIVE: EUR 375 million - Brokerage market in first half Up to EUR 375 million (RON 1.55 billion) amounted the brokerage
insurance market in the first six months of this year - show the
estimates of INSURANCE Profile Specialty Review. Compared to the
correspondent period of the previous year, the insurance brokerage
market decreased in EUR by 3.85%. more... (30.08.2010)
Alert and sustained increases in insurance are still a dream While the stabilization of the economy and of financial markets in the
latter part of 2009 is likely to reduce tension in the insurance market,
weak economic environment makes it difficult to reach, in the next
period, sustained and alert growth rates of the profile market, shows
the Financial Stability report for 2009, recently published by the NBR. more... (27.08.2010)
OLSA RE supports Baden - Baden XPRIMM Reception Insurance-reinsurance broker OLSA Re is supporting as Main Partner the
second edition of Baden-Baden XPRIMM Reception taking place on October
24th 2010. As part of the campaign launched last year by the Romanian
insurance industry in Baden - Baden, this event will gather leaders and
specialists in insurance, reinsurance and related areas, who attend the
traditional Meetings in Baden-Baden. more... (26.08.2010)
CERTASIG has a new Reinsurance Manager Andrei MIRAUTA is the new Reinsurance Manager of CERTASIG, position
that was previously held by Dragos CIOCAN. With only 29 years of age,
Andrei MIRAUTA already has a six years experience in the reinsurance
field. more... (26.08.2010)
EXCLUSIVE: Top insurance companies from The Republic of Moldova MOLDASIG, ASITO, GRAWE CARAT, DONARIS and MOLDCARGO are the top 5
insurance companies in The Republic of Moldova after the first six
months of the current year. In comparison to 1st half of 2009, in 1st
half of 2010 The Top 5 remained the same. more... (26.08.2010)
MOLDASIG and ASITO support the National Insurance Conference in Chisinau Insurance companies MOLDASIG and ASITO will support the National
Insurance Conference of the Republic of Moldova, as Strategic Partners.
The event will be held on October 19th this year in Chisinau, with
support from the supervisory authority and from the most important
associations and local profile companies. more... (23.08.2010)
Life insurance market fell by one percentage point MDL 24 million (EUR 1.4 million) totaled the gross premiums
underwritten by insurance companies operating on the life insurance
segment in Moldova in the first half of this year, representing about
5.5% of the total profile market. more... (19.08.2010)
MOLDASIG and ASITO - over 70% of Green Card underwritings in H1/2010 The value of gross written premiums on the Green Card segment reached
MDL 88.55 million (EUR 5.16 mllion) in H1/2010, thus knowing, compared
with the first six months of 2009, a nominal growth in MDL of over 18%. more... (17.08.2010)
VIG grows by 2% in the CEE markets In the CEE markets, the VIENNA Insurance Group companies reported
premiums written in property/casualty insurance of a total of EUR 1.4
bn., representing a 2 percent increase, while in the life insurance
segment it registered a substantial growth of 16.1 percent, increasing
premiums written to EUR 728.4 million. more... (26.08.2010)
AGEAS is selling it's life subsidiary in Turkey AGEAS, former FORTIS, signed on the 26th July an agreement with BNP
Paribas Assurance, which includes selling the life insurance and
pensions operations from Turkey, the company announced in a press
conference. more... (26.08.2010)
CEA urges insurance industry to participate in QIS 5 The CEA, the European insurance and reinsurance federation, has urged
all European insurers, to take part in the European Commission's fifth
quantitative impact study (QIS 5), in order to collect data for the
forthcoming Solvency II regulatory regime. more... (24.08.2010)
Insurance market in Russia is rising by 6% in the first semester Russian insurers underwrote in the first in the 1st half of the current
year gross premiums of almost EUR 13.4 billion 5.8% higher compared to
the 1st half of 2009, says The Insurance Supervisory System in Russia
(FSIS). At the same time, the volume of paid claims increased with
4.4%, up to EUR 9.4 billion. more... (23.08.2010)
First half year 2010 premiums remain stable for ALLIANZ in CEE German group ALLIANZ have wrote premiums of EUR 2 billion in Central
and Eastern Europe (CEE), an increase by 5% compared to 1h/2009. When
adjusted for currency effects, premiums dropped by 1 percent. Operating
profit in the first half year amounted to EUR 100 million,
corresponding to a 37% decrease compared to the first six months of
2009. On an adjusted basis, operating profit dropped by 39 percent. more... (12.08.2010)
12th October, 2010 The 7th Edition Parliament Palace, Bucharest Organizers: MAI - the Ministry of Administration and Interior, ISC - Insurance Supervisory Commission, the Prefect Institution of Bucharest and Media XPRIMM Media Partner: PRIMM Magazine - Insurance & Pensions For details: www.icarforum.ro
Baden-Baden XPRIMM RECEPTION
October 24th, 2010 Holland Hotel Sophienpark Baden-Baden Organizer: PRIMM Magazine - Insurance&Pensions For details: www.xprimm.ro
TOP News
VIDEO: Nic de MAESSCHALCK, BIPAR Director, exclusively at XPRIMM TV "We must be realistic, we are living in an economically difficult
market, the crisis will have its consequences over the next years, we
will have to deal with that, but may be it is in times of crisis that
added value is, very often, even more important than price. Competition
becomes more important, competition on the quality of the service",
said Nic of MAESSCHALCK, Director of BIPAR, the European Federation of
Insurance Intermediaries, in an exclusive interview for PRIMM -
Insurance & Pensions Magazine in Brussels, material that you can
now fully watch on www.xprimm.tv. more... (10.08.2010)
VIDEO: Exclusive: KOLLER, CEA: the insurance industry has been a stabilizer in a very uncertain environment The insurance industry has been, to a certain extent, a stabilizer in a
very uncertain environment. This does however not necessarily help the
industry, in the sense that we are not completely insulated from any
legislative activity. There is of course a lot of legislative activity,
not just at European level, but also at international level, and in
that respect we will also feel the crisis, beyond the economic impact",
Michaela KOLLER, Director General CEA (The European Insurers and
Reinsurers Federation), has said in an exclusive interview for PRIMM
Insurance & Pensions Magazine. more... (09.07.2010)
Dan ADAMESCU: ASTRA is not for sale! "ASTRA Asigurari is not for sale", said, exclusively for XPRIMM.TV, the
businessman Dan ADAMESCU, the majority shareholder of the company,
during the visit of the handball team OLTCHIM Ramnicu Valcea at the
headquarters of ASTRA Asigurari. more... (17.05.2010)
A new chapter at ALLIANZ-TIRIAC: Rangam BIR is the new CEO of the company Starting the 1st of May, current year, the expat Rangam BIR, currently
Vice President of ALLIANZ New Europe, took over the position of Chief
Executive Officer of the Romanian insurance market leader,
ALLIANZ-TIRIAC. Its mandate will start after receiving advice from the
Insurance Supervisory Commission. more... (30.04.2010)
Cristian CONSTANTINESCU and Cornelia COMAN, reelected at the leadership of UNSAR for another three years Cristian CONSTANTINESCU and Cornelia COMAN were reelected President
and, respectively, Vicepresident of the National Union of Insurance and
Reinsurance Companies from Romania (UNSAR), each with a three years
mandate, a decision taken in the General Meeting of UNSAR.
According to the General Meeting decision, the Board of Directors of
UNSAR consists of the representatives of the following companies:
ALLIANZ-TIRIAC, ING Asigurari de Viata, GENERALI, GROUPAMA, UNIQA
Asigurari, EUREKO and ASIROM. more... (27.04.2010)
ASTRA Asigurari wants to double profit and to surpass the EUR 1 billion threshold in 2010 The company ASTRA Asigurari has set as target for this year to obtain a
gross written premiums income of RON 1.16 billion, which represents a
40% increase compared to 2009, and a profit of RON 11.78 million,
almost double compared to the profit recorded in the previous year.
ASTRA Asigurari made in 2009 total underwritings amounting to RON 809.5
million, up 25% compared to 2008, and a net profit of RON 6.20 million,
up 68% compared to the previous year, according to final results
published on the 14th of April by the company. more... (15.04.2010)
Mihail TECAU
President of the Executive Board
BCR Asigurari VIG
We believe that the main threat for an insurance company, under a declining economic environment, may be associated with managerial decisions rather than with decreasing or increasing the percentage of indicators, and this risk is valid in any period of an economy, irrespective that is growing or in recession.Details
After an extremely cold winter, a rainy spring that caused floods in
almost all Europe, summer has brought extreme temperatures, even in
regions where hot weather was just a word in the dictionary...
Devastating fires in the Moscow area are an example in this respect...
The weather is in constant change, 2010 will be the warmest year in history...Details
