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Insurance - archive

Motor insurance in CEE - tight competition

The motor insurance markets from CEE accounted for the fist half of 2010 more than EUR 4.8 billion, an decrease by 1.78% in comparison to 1H/2009. At the same time, insurers paid claims of EUR 2.5 billion, an increase by 7.8% compared to the same period of 2009. more...

CIS insurance market totalized EUR 15.25 billion in 1H2010

The insurance companies from the region of the Commonwealth of Independent States (CIS) totalized in the first half of 2010 insurance premiums of EUR 15.25 billion and paid total claims of EUR 9.75 billion, according to PRIMM CEE Market Insurance Survey. The region offers important potentials for future growth of the insurance market. This statement is reinforced if we compare the figures recorded in the first six months of this year to those recorded in Central and Eastern Europe. more...

CEA welcomes EC report on Environmental Liability Directive

CEA, the European insurance and reinsurance federation, welcomes the European Commission's acknowledgement of the challenges that the insurance industry faces in developing products because of a lack of available data on Environmental Liability Directive (ELD) claims and on the cost of preventive and remedial measures due to late implementation of the ELD into national law in many countries. more...

MDRT Europe ClassIQ - The road to Athens

As the final touches to the program for the 2011 inaugural MDRT Europe ClassIQ regional meeting in Athens in February are being made, we would like to highlight just a few of the educational and inspirational speakers that attendees can look forward to. Some of the best member speakers are lined up, including MDRT President, Julian GOOD, and Past Presidents Phil HARRIMAN and Tony GORDON. Also not to be missed are the extraordinary Mehdi FAKHARZADEH, the top producer of his company for the past 55 years, and the hugely uplifting Solomon HICKS. more...

VIDEO: The Istanbul International Insurance Conference

The International Insurance Conference in Istanbul was held in the context of the positive dynamic of all insurance classes in Turkey, that registered an underwritings volume increase of 25%.
The Conference took place between the 30th of September and the 1st of October and was organized by the Insurers Association in Turkey.
more...

VIDEO: The Russian reinsurance focus on Eastern Europe

The Russian reinsurance companies consider that the Eastern European markets represent a great business potential, taking into consideration the prices and the lower rating requirements.
Irina POSTNIKOVA, General Director, TRANSSIB Re, the first specialized player from the Russian market, presents the existing situation of the moment.
more...

Matteo PEDERZOLI, Regional Director, MDRT Europe talks about MDRT Europe ClassIQ Forum

The MDRT Europe ClassIQ Forum, organized by MDRT Europe, with XPRIMM Insurance & Pensions as Media Partner, is dedicated to the best insurance agents and financial advisers in the world and has as concept how to be successful in every aspect of your life. Help with professionalism development and a greater value for ethics are only two of the many key reasons for which participating at this forum can be benefic for your company. The event will take place between the 2nd and 4th of February 2011 in Athens, Greece. more...

The Yalta Forum - a discussion platform for Central and Eastern European insurers and reinsurers

The international Yalta Forum came to an end on the 24th of September, after a tight schedule packed full with thematic conferences and bilateral meetings, which took place during the event's four day period. 400 guests from 28 countries took part in this year's anniversary edition of the Forum, among which we can count representatives from the Ukrainian insurance surveillance entities but also from abroad, representatives from major insurance and reinsurance companies, as well as numerous financial experts. As is tradition, PRIMM - Insurance & Pensions Magazine was present this year as Media Partner of the Forum and was represented by Vlad PANCIU, International Markets Responsible. more...

Athens, 2011: XPRIMM joins MDRT Europe ClassIQ regional meeting as Media Partners

MDRT Europe ClassIQ regional meeting, a forum designed for the world's best insurance agents and financial services advisers, is organized by MDRT Europe and will take place on February 2-4 in Athens Greece. XPRIMM Insurance&Pensions support the event as Media Partners. The idea this concept is based on is learning how to be successful in every aspect of your life, because to be professionally successful is not always the same with a successful life. 
more...

XV International AVUS Congress and the 50 years anniversary of AVUS, today, at Hofburg, Vienna

The XVth edition of the International AVUS Congress takes place for two days starting today, September 23, at Hofburg Congress center in Vienna. The event also celebrates 50 years of AVUS Group. AVUS Group has been contributing to the development of international cross-boarder claims settlement for more than 50 years in the 60-year history of the Green Card system. more...

The new European supervisory system will be active by January 2011

The European Parliament, the European Commission and the EU Council of Ministers decided upon the creation of the European Systemic Risk Board and 3 other institutions (European Supervisory Authorities) who will supervise banks as well as the insurance and securities markets. more...

CEA urges insurance industry to participate in QIS 5

The CEA, the European insurance and reinsurance federation, has  urged all European insurers, to take part in the European Commission's fifth quantitative impact study (QIS 5), in order to collect data for the forthcoming Solvency II regulatory regime. more...

Insurers gather at X International Yalta Finance Forum in September

The anniversary 10th International Yalta Finance Forum will take place in Yalta, UkraineOn September 20-24, 201. The event is organized by the Business Strategy Center PERSPEKTIVA together with the LIOU - League of Insurance Organizations of Ukraine. more...

SIGMA: Central and Eastern Europe reverses growth trends

A weak economic recovery in Central and Eastern Europe in 2010 will continue to
reduce demand for motor and other lines sensitive to the business cycle, the latest SIGMA report published by SWISS Re states. The potential for rate increases will also be limited. Non-life premium growth is likely to revive slightly in 2011 as the economic recovery regains some momentum; however, growth will be more muted than in the past ten years.
more...

The European Commision launches QIS5 test

The Commission services have sent CEIOPS the following Call for Advice along with the final technical specifications for the fifth quantitative impact study on Solvency II (QIS5). European insurance and reinsurance undertakings, including captive ones, are being asked to participate in the QIS5 exercise from August to November 2010. CEIOPS will publish the report on the results of the QIS5 exercise in April 2011. more...

The most important insurance publications meet in Sofia

Starting today, June 17, 2010, Sofia will be host of the 55th annual meeting of PIA (Presse Internationale des Assurances).
Media XPRIMM will be represented at the event by Daniela GHETU, Editorial Director of PRIMM Publications, Mihaela CIRCU, Editor in Chief of XPRIMM Newsletters and Oleg DORONCEANU, International Markets Coordinator.
more...

Are you interested to invest in Moldova? Book your place at the Moldova Business Week 2010

Moldavian Ministry of Economy in partnership with the local Investment and Export Organization (MIEPO), under the auspice of the Prime Minister is organizing the Investment Week "Moldova Business Week 2010". Entitled "World Economic Crisis - Challenges and New Opportunities for Moldavian Economy", the event is to take place in Chisinau between June 22-25 2010. The event is also organized in partnership with Vienna Economic Forum. more...

SAIPRO: The Central Asian insurance market is less affected by the crisis

"The dynamics of the local insurance premiums in the five Central Asian countries is directly influenced by the development of the economy. In the last two years, the insurance business dropped on these five markets, but this decrease was less serious than in other regions of the world", Dilshod SULTANOV from SAIPRO, Uzbekistan stated at FIAR 2010. more...

National Congress of Insurance Underwriters has come to its 2nd edition

The aim of the conference, organized by the NATIONAL Insurance Guild, and Association of Insurance Specialists Underwriters' Club in partnership with BUSINESS Format Group, is to create a new, democratic venue for exchanging experience, related to the vital issues of insurance underwriting, and working out the strategy of development. Also, organizers have committed themselves to enhance the Russian underwriters' professional reputation among the international community of insurers and insurants as well as to develop methodological bases for estimations of underwriter professional level. more...

Russian Insurance Summit 2010

Today, May 20, 2010, the Russian Association of Insurers opens the VIII Annual International Insurance Summit events that will take place until May 23 in the city of Vladimir, club VELES. Within the framework of the Summit there will be discussions on the present situation and problems of the national insurance market in the context of international insurance development. The main theme of the Summit will be "Insurance into the Second Decade of the XXI Century". more...

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