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Insurance

34th AIAG Congress - the meeting of agricultural insurers took place in Warsaw at the beginning of October
380 participants representing 40 countries from all over the world attended the 34th Congress organized by AIAG - The International Association of Agricultural Production Insurers, a premiere in the 66-years old history of AIAG Congresses. Continuare
(16.10.2017)
Main conclusions: 2nd day of FMA's conference dedicated to current challenges for insurance markets and supervision in the Central, Eastern and South Eastern European region
The "Current Challenges for Insurance Markets and Supervision in the Central, Eastern and South Eastern European region" Conference, organized by FMA - the Financial Market Authority Austria, continues today in Vienna.  Continuare
(13.10.2017)
Less than one month to the "Croatian Insurance Days"
Between 8 and 10 November 2017, the traditional international scientific and professional conference on insurance, the "Croatian Insurance Days", will be held in Opatija, Croatia. Continuare
(12.10.2017)
Distinguish Panel of Speakers for IIF 2017 - Insurance in a Digital World
IIF 2017 - "Insurance in a Digital World", taking place in Vienna, on 14 November an exquisite panel of speakers, that will present, among others, upon digitalization and its impact on sales, underwriting, and claims management. Continuare
(12.10.2017)
The current challenges for insurance markets and supervision in the Central, Eastern and South Eastern European region, debated in Vienna
Insurance professionals, as well as representatives of the local and regional authorities, gather on 12-13 October in Vienna, Austria, at the "Current Challenges for Insurance Markets and Supervision in the Central, Eastern and South Eastern European region" Conference. Continuare
(12.10.2017)
A.M. Best Announces Appointment of Riccardo Ciccozzi as Director, Market Development - Europe
A.M. Best announced that Riccardo CICCOZZI has been appointed director, market development - Europe, effective immediately as part of a strategic growth initiative in Continental Europe. Continuare
(12.10.2017)
Broker MAI CEE is expanding its team to fuel regional expansion
MAI CEE, the leading independent insurance broker in the CEE, has made the first in a series of planned appointments to increase the firm's 200-strong team by 12.5% as part of a major push into domestic markets. Continuare
(12.10.2017)
ALLIANZ Global Investors Global COO George McKay to retire in April 2018
ALLIANZ Global Investors announced that George McKay, its Co-Head, Global Head of Distribution and Global Chief Operating Officer (COO) will take on non-executive Vice Chair role stepping down from executive responsibilities in April next year. Continuare
(12.10.2017)
Katherine BRENNAN returned to MMC to executive roles
Marsh & McLennan Companies (MMC) announced that Katherine BRENNAN has been appointed Deputy General Counsel, Corporate Secretary and Chief Compliance Officer. Continuare
(12.10.2017)
Charles FRY to join AIG general insurance unit as Head of Reinsurance
American International Group (AIG) announced that Charles FRY will join the company as Head of Reinsurance, Operations and Transformation, General Insurance, effective immediately. Continuare
(12.10.2017)
Carsten QUITTER named ALLIANZ Group CIO and AIM Managing Director
Carsten QUITTER will become ALLIANZ Group Chief Investment Officer (Group CIO) and, as Managing Director, will take over as Co-Lead of ALLIANZ Investment Management SE (AIM) on January 1, 2018. Continuare
(12.10.2017)
OCTO Telematics to acquire UBI assets of Willis Towers Watson and will partner with them on insurance-related products
OCTO Telematics (OCTO), the number one global provider of telematics for the auto insurance industry, has announced it will acquire the usage-based insurance (UBI) assets of Willis Towers Watson, including its market-leading DriveAbility® solution and the DriveAbility Marketplace.  Continuare
(12.10.2017)
STATISTICS: Turkish insurers pushed down the SEE market by 7.2% y-o-y
The South Eastern European insurance market (SEE) formed by Cyprus, Greece and Turkey totaled EUR 8.09 billion at the end of June 2017, down by 7.2% y-o-y, according to the preliminary figures centralized by XPRIMM. Continuare
(12.10.2017)
Only two insurance brands ranked in "Top 100 Best Global Brands 2017"
According to the "Top 100 Best Global Brands 2017" recently presented by Interbrand, only 12 names belong to the financial services industry, of which, only two are from the insurance sector. Continuare
(05.10.2017)
Main topics: 9th International Istanbul Insurance Conference
Professionals and specialists from the Turkish and the global insurance and reinsurance markets gathered between the 5th and the 6th of October in Turkey, at the 9th International Istanbul Insurance Conference. Continuare
(05.10.2017)

Moldova

Main conclusions: The Insurance Conference - Republic of Moldova
One of the most important annual events dedicated to the regional insurance market, The Insurance Conference - Republic of Moldova, took place on 10 October in Chisinau, gathering over 120 professionals from Moldova, Romania, Russia, Ukraine, Holland, Germany, The Czech Republic, Poland, Croatia and Latvia. Continuare
(12.10.2017)
STATISTICS: Moldova, 1H2017: GWP up by 5.62%; changes in the market hierarchy
Total GWP collected by Moldavian insurance companies in 1H2017 have reached to MDL 663.35 million, up by 5.62%, according to data published by the National Commission of the Financial Market in Moldova (NCFM). Continuare
(07.09.2017)
MOLDOVA: In 1H2017, the pre-tax profit of insurers was MDL 33.8 million, one third amore y-o-y
The incomes of the insurers increased 0.9% year-on-year to MDL 1 billion 093.3 million. The incomes from insurance activities proper were MDL 978.5 million, up 14.4% year-on-year. The expenses of the insurance companies grew 8.2% to MDL 1 billion 059.5 million.
Continuare
(22.08.2017)
STATISTICS: MOLDOVA, 1Q2017: Local insurers' business grew by 10.22% in the beginning of 2017
In 1Q2017, the total GWP collected by Moldavian insurance companies have reached to MDL 310.33 million, up by 9.12% y-o-y, according to the official data published by the market watchdog. Continuare
(22.06.2017)
STATISTICS: MOLDOVA, FY2016: Growth supported by the MTPL rates
The total GWP by Moldova's insurance companies increased by 9.67%, to MLD 1,347.04 million (EUR 64.48 million) in 2016, according to the official data published by the supervisory authority - NCFM. Continuare
(06.04.2017)
MOLDOVA: Two Moldasig shareholders, forced by the NCFM to sell their shares
The National Commission of Financial Market (NCFM) has decided to sanction two shareholders of the insurance company Moldasig. Thus, the "WESNA" L.T.D. (4.99% share) and "ERWA" Limited (4.98% share) shareholders, have 3 months to sell their shares. Continuare
(20.12.2016)
MOLDOVA: Eight insurance companies risk losing their license
The National Commission of Financial Market (NCFM) has warned eight insurance companies from Moldova, that they could remain without license,  because of the irregularities detected. Continuare
(05.12.2016)
STATISTICS: Rep. of MOLDOVA, 3Q2016: GWP up by 11.58%, exceeding MDL 1 billion
In 3Q2016, the total GWP collected by Moldavian insurance companies have exceeded one billion MDL, up by 11.58% compared 3Q2015, according to the official data published by the National Commission of the Financial Market in Moldova (CNPF). Continuare
(24.11.2016)
MOLDOVAN insurance companies fined by NCFM
Most of Moldovan insurance companies were fined by the National Commission of Financial Market (CNPF). The sanctions were imposed because they have not met the deadline for payment of compensation and preparing the minutes on prejudice. Continuare
(14.11.2016)
Moldova: GENERAL Asigurari is the newest player to enter the market
GENERAL Asigurari is the most recent player to enter the re/insurance market in Moldova. The Board of Directors of the National Commission of Financial Market has issued the prior approval of registration in this regard, according to official anouncement made by local supervisory authority. Continuare
(10.11.2016)
STATISTICS: Rep. of Moldova, 1H2016: GWP up by more than 9.5%, while claims increased by over 40%
The Moldavian insurance market has recorded in 1H2016, total GWP of MDL 628 million (EUR 28,2 million), increasing by 9,5% as compared with 1H2015, according to the official data published by the National Commission of the Financial Market in Moldova (CNPF). In the European currency, company's GWP have seen a decrease of 0,49%, as a consequence of the national currency depreciation against the European one. Continuare
(18.08.2016)
MOLDOVA: Insurance company ASITO closes down!
Shareholders of ASITO insurance company have decided to close the company. The director of ASITO, Andrei Lupyri, has written a request to the Financial Market National Committee, with the request to take away the license. Continuare
(07.07.2016)
Moldova avoids suspension from the Green Card system
The General Assembly of the Council of Bureaux in Brussels decided on June 2 to revoke the suspension of the National Bureau of Motor Insurers of Moldova (BNAA) from the "Green Card" system. Continuare
(09.06.2016)
STATISTICS: Moldova: Insurance market grew by 12.1% in the first quarter
In the first three months of 2016, the total premiums of Moldova's insurance companies increased by 12.12%, up to MLD 284.41 million, compared to the same period of 2015, according to the official data published by the supervisory authority - NCFM. Continuare
(09.06.2016)
MOLDOVA: "Bomb" under the insurance system Green Card
On Friday, May, 13, 2016, the Board of Directors of the National Commission for Financial Market convoked urgently an extraordinary meeting. The reason was the imminent risk Moldova to be excluded from the international system of insurance Green Card, informs the Mold-Street. Continuare
(23.05.2016)
 


Interview of the week
Assen CHRISTOV Assen CHRISTOV
Chairman of the Supervisory Board
EUROHOLD

The economic environment and the insurance market are fully correlated. Healthy growth of the insurance business is hardly possible without economic growth. Of course, we have been an example of an expanding business in the times of economic downturn, but this expansion also comes along immense managerial and organizational efforts. Details




















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