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)
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)
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, 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)
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
