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Insurance

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)

Republic of Moldova

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)
The assets of the Moldavian insurers increased by 28%, and the capital - by 10%
Share capital of the 24 insurance companies licensed in Moldova reached MDL 406 million (about EUR 25 million) in late June 2010, representing an increase of 10.3% compared to H1/2009, according to data published by CNPF. more...
(18.08.2010)
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)

Russia and CIS

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)
 

Next events

All events


ICAR - International CAtastrophic Risks Forum

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)
FIAR 2010: The situation of global insurance and reinsurance markets, debated by leading representatives of the world profile market
The financial crisis has had a strong impact, in 2009, upon the evolution of insurance markets worldwide. Now we talk about solutions and strategies to help companies emerge stronger from the troubled period they have been crossing since 2008. more...
(10.05.2010)
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)

XPRIMM.TV

2010 - Renewal Round-up


Reinsuring natural catastrophes


Interview of the week
Mihail TECAU 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

Editorial
About climate change... in the middle of this hot summer

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






















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