LIVE TEXT: IIF 2017 Property Insurance - "The Nat Cat challenge" in brief Hosted by NTT Data, Monday took place in Munich, Germany, the third edition of the International Insurance Forum series dedicated to the property insurance issues: "The Nat Cat challenge". Participants from 13 countries have attended the event produced by XPRIMM. Continuare (22.06.2017)
Insurance NEXT'UA 2017 to force digitization in Ukrainian insurance industry Ukrainian Federation on Insurance and the digital economy and fintech focused Future magazine with the support of the German (GDV), the Austrian Association of Insurers(VVO) and the League of Insurance Organizations of Ukraine held the first edition of the Insurance NEXT'UA 2017 in Ukraine Conference. The event was dedicated to the preconditions for digital changes in the insurance market of Ukraine and the world. Continuare (21.06.2017)
Swiss Re Names EMEA Run-Off Chief, CEO for Italy Swiss Re said it appointed an executive to oversee legal finality, or run-off portfolio solutions, for the Europe, Middle East and Africa regions while naming his successor as chief executive officer for Italy, reports Best Newswire. Continuare (15.06.2017)
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)
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)
STATISTICS: MOLDAVIAN insurers reported a business volume of EUR 59 million at the end of 2015 At the end of December 2015, the Moldavian insurance market totaled MDL 1.2 billion (about EUR 58.8 million), up by 2.1% y-o-y, according to the preliminary statistics recently published by the market's supervisory authority. Claims paid by the 15 insurers that have reported operations totaled MDL 386.6 million (or EUR 18.5 million) - equivalent to 31% of the total GWP. Continuare (14.04.2016)
MOLDOVA: Green Paper system is available for yet three months Council of Bureaux (CoB), the European institution based in Brussels, manager of the international insurance system "Green Card", has decided to postpone the decision suspending the National Bureau of Motor Insurers of Moldova (NBMI) of the "Green Card" until the General meeting of its members, scheduled to take place in early June, reads a press release issued by the NBMI. Continuare (03.03.2016)
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
