The latest statistics indicate for the second quarter of this year a 2
percentage points increase of the Bulgarian economy, showing strong
signs of recovery after three years of economic crisis. Also, the
Cabinet in Sofia forecasts an economic growth of 3.6 percent for the end
of the year. The insurance market "did not wait too long" for signs of
consolidation, after six months of 2011 increasing at the same pace with
the economy: +0.8%, reaching EUR 417.6 million.more... (29.08.2011)
Gross written premiums of insurance companies members of SOGAZ, in the
first six months of 2011, totaled RUB 65.64 billion (EUR 1.57 billion),
up by 19% compared to the similar period of 2010. The total volume of
claims paid by the entire group has reached RUB 41.8 billion (EUR 1
billion).more... (26.08.2011)
The 10 years anniversary of the
"November Business Meeting of Reinsurers" event will take place on November
29th-30th, 2011, in Moscow. The reinsurers' meeting is organized by All-Russian
Insurance Association (ARIA) and DELOVOY Format Group, while PRIMM -
Insurance & Pensions Magazine is supporting the event as Media
Partner.more... (22.08.2011)
According to data published on the official site of Motor Insurers
Bureau, in the first half of 2011, insurance companies in Armenia have
paid, on the MTPL policy segment, claims in the amount of AMD 1.9
billion (EUR 3.61 million) and 9,574 claims files have been solved.more... (15.08.2011)
New figures published on June the 14th, 2011, by the CEA, the European
insurance and reinsurance federation, show a provisional increase in
gross written premiums in its member countries of 5% in 2010, at current
exchange rates.more... (15.06.2011)
In accordance with legislative changes regarding the amendment of the
requirements related to the minimum level of share capital of insurers,
within three years, starting July 1st, 2012 and until July 1st, 2014,
insurance companies in Uzbekistan must increase their share capital as
follows:
• for general insurance activity - to EUR 1.125 million,
• for life insurance activity - to EUR 1.5 million,
• for mandatory insurance activity - to EUR 2.25 million,
• for exclusive reinsurance activity - to EUR 5 million.more... (14.06.2011)
Gross premiums underwritten by insurance companies in the first three
months of this year totaled EUR 201.90 million, down by 1.5% compared to
the same period in 2010, and claims paid by Bulgarian insurers in this
period amounted to nearly EUR 93 million, according to the report of the
local supervisory authority.more... (10.06.2011)
Azerbaijan Insurers Association, together with Media XPRIMM and with the official support of the Ministry of Finance of the Azerbaijan Republic will hold the 2nd Edition of The Azerbaijan International Insurance Forum, on July 7th-8th, 2011, in Baku. The event takes place in Baku Business Center and will focus on discussion of conditions and priority directions of development of insurance and reinsurance business in the local and Middle Asia insurance markets.more... (09.06.2011)
The total value of gross written premiums of ALLIANZ in Central and
Eastern Europe has slightly exceeded the EUR 1 billion level, compared
to EUR 1.115 billion in the first quarter of last year. The 5% decrease
is largely attributed to the life and health insurance segment, which
benefited last year from the effects of growth exhibited by some of the
markets. The operating profit remained at the previous year level of EUR
65 million.more... (30.05.2011)
Insurance companies in Russia have underwritten in the first quarter of
this year gross premiums worth EUR 7.53 billion, 18.1% more than in the
same period in 2010. Meanwhile, claims paid by Russian insurers in the
first three months amounted to EUR 4.78 billion, up by 11.3% compared
with 1Q/2010, according to the report of the local supervisory
authority.more... (07.06.2011)
The gross underwritten premiums of the 26 operating companies on the Croatian market, during January - April of 2011, went down by 0.7%, to EUR 447.40 million, in comparison with the same period of 2010 (EUR 450.70 million). Altogether, paid claims by the insurance companies accounted for EUR 195.99 million, 2.5% more when comparing to the results of the first four months belonging to 2010, when the level of indemnities was EUR 191.06 million, according to the official data published by the Insurance Bureau of Croatia (HUO).more... (01.06.2011)
In the first four months of the current year, insurance companies in
Kazakhstan have underwritten gross premiums worth EUR 328.88 million, up
by 19% compared to the same period in 2010, when premiums had totaled
EUR 276.39 million. Also, claims paid by insurers amounted to EUR 54.52
million, 39.2% more than in the first four months of 2010 (EUR 39.15
million), according to official data published by the Financial Markets
Supervisory Commission.more... (09.06.2011)
"I am proud to lead this growth region for ALLIANZ and to build on the success to date that has been achieved. Today we have 7.5 million customers in the region, meaning that people see us as a trusted and reliable partner."Details
