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)
In the first quarter of 2011, the new-business volume registered by the Dutch group AEGON on the life insurance segment was EUR 501 million with higher sales in the New markets (Central and Eastern European and Asia) and the Netherlands, offset by less favorable evolutions in the UK. The Dutch insurer ended the first three months of 2011 with total sales worth EUR 1.41 billion, with a slight decrease compared to the similar period of last year, when sales amounted to EUR 1.44 billion.more...
(16.05.2011)
Reinsurer EASTERN Re, one of the market leaders in Russia and CIS region, increased its share of external business to 25% of the total portfolio in 2010, meaning a 159.5% growth of underwritings outside the country. In 2010 EASTERN Re collaborated with 37 countries (from 30 countries in 2009), including those in CIS and Central Europe, the amount of taken risks recording a significant increase on these markets.more...
(19.05.2011)
Factors such as the drastic effects of the global financial crisis in these markets, and take-over activities of local players by large European groups, have made it even more difficult for new entrants to penetrate these markets. Consequently, MILLI Re would like to continue our activities in these markets, to maintain our support to existing clients and evaluate the opportunities in order to increase its presence and involvement in the region. Also in line with this strategy, MILLI Re is attending and supporting as Strategic Partner the 14th edition of FIAR - International Insurance Reinsurance Forum, taking place on May 23-26 in Sinaia, Romania.more...
(19.05.2011)
The Bulgarian insurance company, BULSTRAD, is planning a capital increase, by issuing new shares, on the 18th and 26th of May, 2011, with EUR 3.1 million, according to the Bulgarian Stock Exchange web site.more...
(17.05.2011)
25 years since the disaster in Chernobyl, the threat of a radioactive contamination has not vanished. The huge concrete shelter, 29,000 tones and 110 meters high that covered the damaged nuclear reactor and the 200 tone of radioactive fuel, has started to crack and is currently in danger of collapsing. Hence, the Ukrainian government used the 25th anniversary to renew calls for the international community to raise money up to EUR 1.5 billion for building a new shelter.more...
(27.04.2011)
Insurance companies in Russia underwrote, in the former year, gross premiums valued EUR 25.8 billion, up by 14.5% in comparison with 2009, according to XPRIMM Special Report publications, based on the data supplied by the local supervisory authority. At the same time, profile societies registered claims worth EUR 19 billion, while in 2009 the figure went to EUR 16.9 billion.more...
(04.05.2011)
The volume of gross written premiums for 2010 by the insurance companies in Ukraine totaled EUR 2.13 billion, 12.9% more than in 2009 (EUR 1.78 billion). At the same time, the paid claims volume decreased by 9%, down to EUR 576.9 million (from EUR 585.2 million in 2009), according to the results published in INSURANCE TOP Magazine.more...
(05.05.2011)
INGO Ukraine totaled EUR 8.73 million in gross underwritten premiums in the first trimester of 2010, on the non life segment, 4.2% higher when comparing to the similar time of the former year. At the same time, solved claims reached EUR 3.32 million, according to the data presented by the insurance company.more...
(04.05.2011)
"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
