October 23rd was the moment of the third edition of Baden - Baden XPRIMM
Reception, annual event organized by Media XPRIMM during Baden - Baden
Meetings. Over 250 leaders and specialists of top insurance and
reinsurance companies gathered on the occasion of the event in Kurhaus
Casino, profile markets in Central and Eastern Europe, the ex-Soviet
space and Russia being represented.more...
(24.10.2011)
On October 23rd, on the occasion of the third edition of Baden-Baden
XPRIMM Reception, the second special issue of INSURANCE Profile,
dedicated to the Azerbaijani insurance market, was launched, this time
the period January-June 2011 being analyzed.more...
(24.10.2011)
On Sunday, October 23rd, participants at Baden-Baden XPRIMM Reception
were the first readers of the most comprehensive analysis report for 30
insurance markets in Central and Eastern Europe, respectively from the
Commonwealth of Independent States and Turkey: XPRIMM INSURANCE REPORT
1H 2011. The event was organized with the support of AZ Re, ASTRA
Asigurari and International Insurance Company as Strategic Partners.
Partners of the event were the companies CERTASIG, OLSA Re, JLT Re,
ATESGAH Insurance, UNITY Re and STANDARD Insurance.more...
(24.10.2011)
For the third consecutive year, at the Baden-Baden Meetings, held during
October 23rd-27th, Media XPRIMM will organize Baden-Baden XPRIMM
Reception. Leaders and specialists in insurance, reinsurance and related
fields will reunite on this occasion, Sunday, October 23rd, at Kurhaus
Casino, during an event that will highlight the insurance markets in
CEE, Russia and CIS, in an important context, such as the Baden-Baden
Meetings.more...
(21.10.2011)
A few days separate us from the launch of the most comprehensive
analysis report of 30 insurance markets in Central and Eastern Europe,
and CIS, respectively. Sunday, October 23rd, during Baden-Baden XPRIMM
Reception, XPRIMM INSURANCE REPORT 1H 2011 will be released.
On this occasion, a new Special Issue of INSURANCE Profile will be
launched, dedicated to the insurance market of Azerbaijan. The
publication outlines an overview of the Azerbaijan economy and of the
local insurance market evolution for 1H 2011.more...
(19.10.2011)
Like every year, the week when the Baden-Baden Meetings take place is a
moment of review for the insurance markets. And companies in Romania
will determine if the decisions made during the year, in terms of
underwriting policies, have paid off.more...
(19.10.2011)
The renewals season, that will be marked this year, too, by the
negotiations during Baden - Baden Meetings, are not a reason to worry
for the Romanian insurers. Moreover, some of them do not exclude the
option to pay less in 2012 for reinsurance.more...
(18.10.2011)
The company MOLDASIG received the approval of the Insurance Supervisory
Commission (ISC) for the acquisition of 99.9% of the shares of ASITO
Kapital in Romania, according to the Moldavian insurer's officials. The
decision comes after four months ago, the supervisory authority in
Moldova - National Commission of Financial Markets - had also approved
this transaction, the documents having been sent to ISC.more...
(12.10.2011)
According to a set of studies conducted by international experts, the damages that would occur in the case of an earthquake similar to the one in 1977 would amount to EUR 4.8 billion, according to Marius BULUGEA, General Manager of PAID.more...
(10.10.2011)
"The law regarding compulsory home insurance has a very high social significance and time has shown that the insurance premium is not a tax. There have already been granted compensations to those who suffered damages", said Marinela NEMES, Director of the Legal Department, Insurance Supervisory Commission.more...
(10.10.2011)
Less than two weeks are separating us from the launch of the most
comprehensive analysis report of 30 insurance markets in Central and
Eastern Europe, CIS, respectively. Sunday, October 23rd, with the
occasion of Baden-Baden XPRIMM Reception, XPRIMM INSURANCE REPORT
1H/2011 will be released. The editorial staff of XPRIMM INSURANCE REPORT
wants to thank the 16 Supervisory Authorities, Associations, local
press groups and rating agencies that have supported the elaboration of
the October 2011 Edition of the publication, by providing financial
data, respectively by exclusive interviews.more...
(10.10.2011)
Following reorganization activities of EULER Hermes (EH) in Europe,
starting October 1st, the activity of the new branch of EULER Hermes in
Romania, namely EH Credit Insurance Belgium Bruxelles, Bucharest Branch,
was launched. It will replace the German branch (EH
Kreditversicherungs'AG Hamburg), whose activity ceases with the same
date, and will undergo in the coming months a rebranding process, to
align with the name EULER Hermes Europe. The company also announced its
intention to transfer the entire insurance portfolio in Romania of the
German branch to the branch EH Credit Insurance Belgium.more...
(04.10.2011)
The MTPL policies prices represent one of the main sources of concern
for brokers and insurers. "Exchange rate depreciation and inflation
pressures are other factors that should influence the MTPL tariff level,
because their fluctuations are directly reflected in the claims cost.
Last year, for example, if we were to consider only the increase of VAT
and we still should have seen an increase of prices practiced for this
type of insurance", said Bogdan ANDRIESCU, President of UNSICAR, during
the meeting of the association, at Eforie Nord.more...
(04.10.2011)
The moment of review for the household insurance in Romania is getting
closer, as the results of mandatory household insurance system and not
only are going to be reviewed on the occasion of ICAR - International
CAtastrophic Risks Forum 2011.more...
(04.10.2011)
The first "checkpoint" of the Romanian catastrophe insurance program -
implemented in the summer of 2010 -, including the extent to which it
boosted the voluntray household insurance market, is getting closer.
ICAR 2011 - International CAtastrophic Risks Forum marks the review of
the first year of mandatory insurance and will be held on October 10th,
at Hotel Radisson BLU Bucharest.more...
(03.10.2011)
The cumulated value of gross written premiums on motor insurance in the
first half of 2011 of member companies of the major European insurance
groups present in Romania (ALLIANZ, GENERALI PPF, GROUPAMA, VIENNA
Insurance and UNIQA) was EUR 372.2 million. The figure represents 72.3%
of all businesses registered in the motor insurance market (Motor Hull,
MTPL and Green Card, added up), up 3 percentage points compared to the
first six months of 2010. Last year, the market share of major profile
groups had descended dramatically to 69%, from 80% a year before.more...
(03.10.2011)
The interviews with leaders and specialists attending the first edition
of the International Conference "Motor Insurance in South-Eastern
Europe: Solutions for cross-border problems", organized in Sofia by
Media XPRIMM and INSMARKET.BG, on September 27th, can be watched,
starting September 30th, on XPRIMM.TV.more...
(30.09.2011)
The reunited Finance Budget Commissions' proposals were confirmed on
September 27th, by the Plenum of Parliament. Thus, with a total of 230 votes, Constantin BUZOIANU, favorably approved
for this position on September 27th, during the meeting of the reunited
Finance Bugdet Commissions, was appointed ISC President for the next
five years.more...
(28.09.2011)
With a population of approximately 715 million people, in Europe travel 350 million cars, according to Mariusz WICHTOWSKI, President of the Council of Green Card Bureaux. Under these circumstances, only last year drivers who traveled by car outside the borders of their country of residence have generated over 380,000 claims on Green Card, up from 2009, when their number had not exceeded 350,000.more...
(28.09.2011)
In the first six months of 2011, the number of claims files approved as a result of road accidents caused on the Romanian territory by vehicles registered in Bulgaria has increased by 31% compared to the same period last year, reaching 1,798 files, said Mona CUCU, Director of Mandatory Insurance Department of the ISC. Meanwhile, in 2010, over 10,000 claims on Green Card have been accounted for, of which 3,155 were produced by cars from Bulgaria.more...
(28.09.2011)
