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Russia & CIS

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...
(24.08.2010)

Insurance market in Russia is rising by 6% in the first semester

Russian insurers underwrote in the first in the 1st half of the current year gross premiums of almost EUR 13.4 billion 5.8% higher compared to the 1st half of 2009, says The Insurance Supervisory System in Russia (FSIS). At the same time, the volume of paid claims increased with 4.4%, up to EUR 9.4 billion. more...
(23.08.2010)

VIG grows by 2% in the CEE markets

In the CEE markets, the VIENNA Insurance Group companies reported premiums written in property/casualty insurance of a total of EUR 1.4 bn., representing a 2 percent increase, while in the life insurance segment it registered a substantial growth of 16.1 percent, increasing premiums written to EUR 728.4 million. more...
(26.08.2010)

AGEAS is selling it's life subsidiary in Turkey

AGEAS, former FORTIS, signed on the 26th July an agreement with BNP Paribas Assurance, which includes selling the life insurance and pensions operations from Turkey, the company announced in a press conference. more...
(26.08.2010)

Interview of the week
Mihail TECAU 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






















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