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Insurance

5th Insurance China International Summits took place in Shanghai
The trends in the insurance industry is the main topic addressed during the two-day event taking place on 21-22 September 2017 in Shanghai. Continuare
(21.09.2017)
XL Group chooses Dublin as preferred location for its EU insurance carrier
XL Group Ltd, plans to move its principal European Union insurance company, XL Insurance Company SE, from the UK to Ireland in 2018 in response to Brexit, subject to certain regulatory approvals. Continuare
(21.09.2017)
BI losses after Hurricanes Harvey and Irma may account for the largest share of the insured losses
Business Interruption (BI) losses after the Harvey and Irma hurricanes may exceed the actual property damage, experts said, rivaling in this respect the Hurricane Katrina's outcome. Continuare
(21.09.2017)
MEXICO: USD 1 billion insured losses after the first quake; much larger losses expected after the second one
Less than two weeks from the September 7, M8.1 earthquake, Mexico was hit Tuesday by another devastating quake which left behind a death toll of over 200 people. Unlike the first quake, the second event severely affected Mexico City. Continuare
(21.09.2017)
More than 70% of Latvians don't buy travel insurance when travelling to neighboring countries
About 72% of Latvians which are travelling to neighboring countries - Estonia or Lithuania, do not buy travel insurance, according to a survey made by the Latvian non-life insurer BALTA, member of the PZU Group. Continuare
(21.09.2017)
New CEOs appointed at the German and Italian subsidiaries of ALLIANZ
The Supervisory Board of Allianz Deutschland AG has appointed Klaus-Peter ROHLER as Chairman of the Management Board (CEO) and successor to Manfred KNOF, who is stepping down from the position and will take time off for health reasons. Continuare
(21.09.2017)
Curtis BLEDSOE appointed as Security and Data Protection Officer at FRISS
FRISS, the global fraud, risk and compliance software company, has appointed Curtis BLEDSOE as their Security and Data Protection Officer. Continuare
(21.09.2017)
Marcela STREDOVA is the new GENERALI CEE Holding's CRO
Marcela STREDOVA will be as of 1 October 2017 the new Chief Risk Officer (CRO) of GENERALI CEE Holding, as well as of its two Czech insurers - Ceska pojistovna and Generali Pojistovna. Continuare
(21.09.2017)
Former Polish Prime Minister joins Vienna Insurance Group as supervisory board member
Professor Marek BELKA, the former Prime Minister of Poland and Governor of the Polish Central Bank, was appointed to the supervisory boards of the VIG's Polish companies. Continuare
(21.09.2017)
IIF 2017: Cyber Risks need to be addressed proactively
Almost half (45%) of small businesses in the UK fell victim to a cyber-attack in the past 12 months, shows the Cyber Readiness Report released by Lloyd's of London specialist insurer Hiscox. Continuare
(21.09.2017)
61st "Rendez-Vous de Septembre" ends today in Monte Carlo: review
The 61st edition of the "Rendez-Vous de Septembre", the annual traditional meeting of reinsurers ends today in Monte Carlo. The Nat Cat insurance protection gap, as well as the global insurance market readiness to deal with the increasing complexity of the cyber risks were among the most debated topics. Continuare
(14.09.2017)
XPRIMM Motor Insurance Report launched in Monte Carlo; meet the next XPRIMM stand in Baden Baden
The latest edition of the XPRIMM Motor Insurance Report was launched in Monte Carlo, on the occasion of the "Rendez-Vous de Septembre", provind FY2016 statistical data and analisys for the CEE, SEE and CIS regions. Continuare
(14.09.2017)
John NEAL, QBE's Group CEO, will retire at the end of 2017
QBE's Group Chief Executive Officer John NEAL will be stepping down at the end of this year after five years in the role, the Australian group said in a statement. Continuare
(13.09.2017)
ZURICH named Alison MARTIN as Group Chief Risk Officer
Zurich Insurance Group announced that Alison MARTIN will join the Group on October 1, 2017 and assume the role of Group Chief Risk Officer in January 2018. Continuare
(13.09.2017)
Turkey: Achmea appoints Caspar van HAAFTEN as Chief Financial Officer Eureko Sigorta
Achmea has appointed Caspar van HAAFTEN as Chief Financial Officer (CFO) of its Turkish insurance company Eureko Sigorta. Continuare
(13.09.2017)

Moldova

STATISTICS: Moldova, 1H2017: GWP up by 5.62%; changes in the market hierarchy
Total GWP collected by Moldavian insurance companies in 1H2017 have reached to MDL 663.35 million, up by 5.62%, according to data published by the National Commission of the Financial Market in Moldova (NCFM). Continuare
(07.09.2017)
MOLDOVA: In 1H2017, the pre-tax profit of insurers was MDL 33.8 million, one third amore y-o-y
The incomes of the insurers increased 0.9% year-on-year to MDL 1 billion 093.3 million. The incomes from insurance activities proper were MDL 978.5 million, up 14.4% year-on-year. The expenses of the insurance companies grew 8.2% to MDL 1 billion 059.5 million.
Continuare
(22.08.2017)
STATISTICS: MOLDOVA, 1Q2017: Local insurers' business grew by 10.22% in the beginning of 2017
In 1Q2017, the total GWP collected by Moldavian insurance companies have reached to MDL 310.33 million, up by 9.12% y-o-y, according to the official data published by the market watchdog. Continuare
(22.06.2017)
STATISTICS: MOLDOVA, FY2016: Growth supported by the MTPL rates
The total GWP by Moldova's insurance companies increased by 9.67%, to MLD 1,347.04 million (EUR 64.48 million) in 2016, according to the official data published by the supervisory authority - NCFM. Continuare
(06.04.2017)
MOLDOVA: Two Moldasig shareholders, forced by the NCFM to sell their shares
The National Commission of Financial Market (NCFM) has decided to sanction two shareholders of the insurance company Moldasig. Thus, the "WESNA" L.T.D. (4.99% share) and "ERWA" Limited (4.98% share) shareholders, have 3 months to sell their shares. Continuare
(20.12.2016)
MOLDOVA: Eight insurance companies risk losing their license
The National Commission of Financial Market (NCFM) has warned eight insurance companies from Moldova, that they could remain without license,  because of the irregularities detected. Continuare
(05.12.2016)
STATISTICS: Rep. of MOLDOVA, 3Q2016: GWP up by 11.58%, exceeding MDL 1 billion
In 3Q2016, the total GWP collected by Moldavian insurance companies have exceeded one billion MDL, up by 11.58% compared 3Q2015, according to the official data published by the National Commission of the Financial Market in Moldova (CNPF). Continuare
(24.11.2016)
MOLDOVAN insurance companies fined by NCFM
Most of Moldovan insurance companies were fined by the National Commission of Financial Market (CNPF). The sanctions were imposed because they have not met the deadline for payment of compensation and preparing the minutes on prejudice. Continuare
(14.11.2016)
Moldova: GENERAL Asigurari is the newest player to enter the market
GENERAL Asigurari is the most recent player to enter the re/insurance market in Moldova. The Board of Directors of the National Commission of Financial Market has issued the prior approval of registration in this regard, according to official anouncement made by local supervisory authority. Continuare
(10.11.2016)
STATISTICS: Rep. of Moldova, 1H2016: GWP up by more than 9.5%, while claims increased by over 40%
The Moldavian insurance market has recorded in 1H2016, total GWP of MDL 628 million (EUR 28,2 million), increasing by 9,5% as compared with 1H2015, according to the official data published by the National Commission of the Financial Market in Moldova (CNPF). In the European currency, company's GWP have seen a decrease of 0,49%, as a consequence of the national currency depreciation against the European one. Continuare
(18.08.2016)
MOLDOVA: Insurance company ASITO closes down!
Shareholders of ASITO insurance company have decided to close the company. The director of ASITO, Andrei Lupyri, has written a request to the Financial Market National Committee, with the request to take away the license. Continuare
(07.07.2016)
Moldova avoids suspension from the Green Card system
The General Assembly of the Council of Bureaux in Brussels decided on June 2 to revoke the suspension of the National Bureau of Motor Insurers of Moldova (BNAA) from the "Green Card" system. Continuare
(09.06.2016)
STATISTICS: Moldova: Insurance market grew by 12.1% in the first quarter
In the first three months of 2016, the total premiums of Moldova's insurance companies increased by 12.12%, up to MLD 284.41 million, compared to the same period of 2015, according to the official data published by the supervisory authority - NCFM. Continuare
(09.06.2016)
MOLDOVA: "Bomb" under the insurance system Green Card
On Friday, May, 13, 2016, the Board of Directors of the National Commission for Financial Market convoked urgently an extraordinary meeting. The reason was the imminent risk Moldova to be excluded from the international system of insurance Green Card, informs the Mold-Street. Continuare
(23.05.2016)
STATISTICS: MOLDAVIAN insurers reported a business volume of EUR 59 million at the end of 2015
At the end of December 2015, the Moldavian insurance market totaled MDL 1.2 billion (about EUR 58.8 million), up by 2.1% y-o-y, according to the preliminary statistics recently published by the market's supervisory authority. Claims paid by the 15 insurers that have reported operations totaled MDL 386.6 million (or EUR 18.5 million) - equivalent to 31% of the total GWP. Continuare
(14.04.2016)
 





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Interview of the week
Assen CHRISTOV Assen CHRISTOV
Chairman of the Supervisory Board
EUROHOLD

The economic environment and the insurance market are fully correlated. Healthy growth of the insurance business is hardly possible without economic growth. Of course, we have been an example of an expanding business in the times of economic downturn, but this expansion also comes along immense managerial and organizational efforts. Details




















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