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...more...
Nearly two years after the onset of the global financial turmoil, insurance
companies can say that they have learned some important lessons, either
from their own experiences or from those of their colleagues. They understand
now the essential role that communication and customer relations have
in maintaining a good image of the company, given that the effects of
the crisis can have serious negative consequences upon consumer confidence.more...
One year after the global financial crisis has begun, insurers and reinsurers
alike are looking ahead to new times. This was the opening of my previous
editorial, written in preparation of Baden-Baden 2009. More than half
a year past and the groom economical situation has heavily impacted on
the markets.more...
It's not a secret either that the average Romanian is skeptical regarding
insurance, or that he insures himself out of obligation (most often), or
if he is smarter (more rarely) or... more experienced. Ultra-sufficient
spirit, ultra-conservatory, but also a hyper-optimistic nature, the average
Romanian not only knows everything, but also considers anything can happen
to anyone, except him!more...
Insurers are sending contradictory signals. Some love the MTPL, and that
is reflected by lower rates. After a while, the financial indicators force
them to return to worse feelings regarding MTPL and tarrifs fall into normal
on a market in which this segment brings losses. So, although not always
the same ones, in the market there are companies that regularly love the
MTPL.more...
Information circulated by the media lately is talking about alarming
increases of the MTPL tariffs.
Allegations relate to the fact that this increase is unjustified and
that buying the MTPL policy should remain at the decision of the driver,
without being imposed by the law.more...
For nearly 2,000 mornings, XPRIMM Stiri (the Romanian version of XPRIMM
News) is writing, page by page, the insurance market history... We were,
in our 7 years of existence, witnesses of spectacular
growths of the profile companies' businesses, live sensational acquisition
processes, we watched spectacular careers, we commented the effects of
various legislative changes... Together... We, the XPRIMM editorial team
and You, the over 13,000 subscribers.more...
One year after the global financial crisis has begun, both insurers and
reinsurers are looking ahead to new times. The Central and Eastern European
economies, which were leading the development wave last year, are now struggling
to keep the pressures under control. Things are no different in the insurance
market than at the macroeconomic level.more...
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
