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CEE, Russia & CIS - archive

VIG RE exceeds expectations

VIG Re, the VIENNA Insurance Group's own Central and Eastern European reinsurer, has made an important start in its very first year of business. more...
(12.02.2009)

EUROINS Insurance Group acquired Turkish INTER Sigorta

Bulgarian-based EUROINS Insurance Group (EIG) acquired a 90% stake in the Turkish general insurance company INTER Sigorta for a total consideration of EUR 427 thousand, following an approval from the Turkish Savings Deposit Insurance Fund and Directorate of Insurance at Treasury Undersecretary on January 21, 2009. more...
(12.02.2009)

The Fifth International Carpathian Insurance Conference is waiting for its guests

On February 16-19th, 2009 Business Strategy Center PERSPEKTIVA with the support of the League of Insurance Organizations of Ukraine holds the V International Carpathian Insurance Conference - a major and significant event in the international sphere of insurance activity. more...
(29.01.2009)

The Annual International Conference on Risk Management in Almaty

The Fifth International Conference on Risk Management will be held this year traditionally in Almaty, Kazakhstan, on 15-17th April 2009. The event is organized by EURASIA Insurance Company, one of the leaders on the local insurance market and an active player on the CIS markets. more...
(29.01.2009)

All-Russia Conference on Reinsurance has come to its 13th edition

All-Russian Union of Insurers with the support of the business center "Delovoy Format" proudly presents their next conference "Reinsurance in Russia. Guidelines for today and tomorrow" to take place in Moscow, on 24-25 March 2009. more...
(29.01.2009)

Ukrainian government to cut subsidies for agricultural insurance

Ukrainian government reduced to half the amount of subsidies granted for agricultural insurance in 2008 and intend to cut them in 2009, according to local economic publication forecasts. more...
(29.01.2009)

Croatian insurance market up by 6,8% in 2008

Total gross premium charged by 25 Croatia's insurance companies amounted to EUR 1.3 billion last year, which is 83 million or 6.8 percent more compared with the similar period of 2007, according to limun.hr. more...
(29.01.2009)

CEE markets boosts Vienna's premium

VIENNA Insurance Group saw premium volume increase by 16% in 2008, to EUR 8.30 billion, boosted in part by growth in its Central and Eastern European operations, according to preliminary financial data released by VIG. more...
(29.01.2009)

Slovenian insurance companies acquire EUR 2 billion in premiums in 2008

In 2008, Slovenian insurance companies increased the volume of written premiums by 6.6% to approximately EUR 2 billion, according to limun.hr. more...
(29.01.2009)

Insurance Supervision Agency from Slovenia grants license to CEBRON

Slovenian Insurance Supervision Agency have granted a license to Srecko CEBRON, the third member of the Board of the reinsurance company SAVA Re, while the fourth member, Maja KRUMBERGER, has still not been interviewed in the process for obtaining a license, states the Agency. more...
(29.01.2009)

All-Russia Conference on Reinsurance has come to its 13th edition

All-Russian Union of Insurers with the support of the business center "Delovoy Format" proudly presents their next conference "Reinsurance in Russia. Guidelines for today and tomorrow" to take place in Moscow, on 24-25 March 2009. more...
(15.01.2009)

Half of Ukrainian insurers seriously affected by the increase in claims ratio

Claims ratio for CASCO and MTPL insurance in Ukraine will increase twice, as a result of a huge depreciation of Ukrainian currency. Most affected companies will be those who practiced a dumping policy and don't have any backup financial support from mother companies, according to forinsurer.com.
more...
(15.01.2009)

New tariffs for Green Card and MTPL insurance in Moldova

Starting with 1 January 2009, new tariffs for MTPL insurance and Green Card policies entered into force in Republic of Moldova. New calculation methods take into account the risk factors and claims ratio. more...
(15.01.2009)

Croatian insurers restricted in promotional activities

Promotional activities of the Croatian insurers and reinsurers will not be allowed to contain promises, assessments or percentages of their future performance, according to Croatian Financial Services Supervision Agency (HANFA). more...
(15.01.2009)

70 to 90% claims ratio for Russian Green Card

Russian insurance companies will reach a 90% claims ratio over the next five years for operations related to the international Green Card system, as Russian Union of Motor Insurers (RUMI) predicts. more...
(15.01.2009)

VIENNA Insurance to take over TBIH's shares in insurance companies in Albania, Bulgaria and Croatia

Austrian insurer has decided to take over the shares in the Group's insurance companies in Albania, Bulgaria and Croatia that are held by TBIH. more...
(15.01.2009)

ALLIANZ confirms its profitable growth strategy in New Europe

German-based group ALLIANZ posted EUR 3.2 billion in premiums in New Europe in the first nine months of 2008, an increase by 11 percent comparing to similar period of the last year. Operating profit increased by more than 3 percent to EUR 272 million, compared to EUR 263 million in the same period of last year. more...
(01.12.2008)

Ukrainian insurance market reached EUR 1.9 billion in Q3/2008

Insurance companies have written EUR 1.9 billion in premiums in the first nine months, up 40.8% compared to the same period of 2007, according to the State Commission for Regulation of Financial Market. more...
(01.12.2008)

Emerging markets pointed an 11.6% increase to USD 199 billion in 2007

Non-life insurance premiums in emerging markets grew by 11.6% to USD 199 billion in 2007, a study by SWISS Reinsurance reveals.
The latest sigma study by the Switzerland-based reinsurer identified Eastern Europe (+12%), South and East Asia (13+) and the Middle East (12+) as the fastest growing non-life markets.
more...
(02.12.2008)

November Reinsurance Business Meetings have taken place for the seventh time on November 27-28.

570 participants and guests from 22 countries attended the Event at Moscow's prestigious President Hotel to conduct negotiations and to present new reinsurance products and programs. The event was organized by All-Russian Insurance Association, in partnership with BUSSINES Character Group. PRIMM Insurance &Pensions Magazine was traditionally a Media Sponsor of the conference. more...
(02.12.2008)

Archive:
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Interview of the week
Bruce BOWERS Bruce BOWERS
Regional CEO
ALLIANZ in CEE

"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






















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