Russia & CIS - archive |
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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)
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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)
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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)
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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)
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German group ALLIANZ have wrote premiums of EUR 2 billion in Central
and Eastern Europe (CEE), an increase by 5% compared to 1h/2009. When
adjusted for currency effects, premiums dropped by 1 percent. Operating
profit in the first half year amounted to EUR 100 million,
corresponding to a 37% decrease compared to the first six months of
2009. On an adjusted basis, operating profit dropped by 39 percent.
more...
(12.08.2010)
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Bulgaria's pension insurance companies chalked up bumper profits for
the first half of the year against the backdrop of slightly better
yields and slumping social security contributions, showed the latest
numbers of the Financial Supervision Commission (FSC).
more...
(08.08.2010)
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Russian insurance companies have increased by 8.8% written premiums on
the MTPL segment for 1H/2010 to EUR 1.1 billion, according to Motor
Union of Russian Insurers (RSA) cited by insur-today.ru.
more...
(09.08.2010)
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SWISS Re is expecting that the current drought in Russia will stimulate
the interest of the farmers on the young agricultural insurance market
as crop failure is one of the main issues in the country.
more...
(12.08.2010)
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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...
(12.08.2010)
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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...
(09.07.2010)
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Bulgaria's parliamentary economic commission approved at first reading
a bill, which provides for the introduction of 2% tax on insurance
premiums. Thirteen MPs voted for and another six against the new tax,
which will come into effect on September 1 and is expected to hike
insurance policies prices by at least 2%.
more...
(14.07.2010)
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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...
(08.07.2010)
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According to the results of 2009, the consolidated insurance premiums
paid to Russian INGO group amounted to RUR 52.7 billion, compared to
51.5 for the same period of previous year (2.4% growth compared to
2008).
more...
(15.07.2010)
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Kazakh insurance companies have reported premiums of EUR 358 million in
the first quarter of the year, an increase by 50.1% compared to the
similar period of the last year, according to local watchdog. Mandatory
insurance classes amounted to EUR 71.3 million (+25.2%) and facultative
segment - EUR 286 million.
more...
(24.06.2010)
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Polish insurers have paid approximately EUR 821 million in indemnities
for the motor and property insurance in the first quarter of 2010, as
results from the data collected by the Polish Chamber of Insurance
(PIU). Life insurance benefits reached the amount of almost EUR 1.6
billion. The first quarter of this year was dominated by the losses
caused by the long and frosty winter.
more...
(26.06.2010)
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Bulgaria's Council of Ministers recently approved a 2% tax on insurance premium incomes, according to DNEVNIK.
The new tax will apply to all premiums in the general insurance market
except for cargo where the first and final point o travel are outside
Bulgaria, as well as on permanent health insurance covers. Life
insurance and reinsurance premium incomes will also be levied no tax.
more...
(25.06.2010)
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The 19th Annual General Meeting of Vienna Insurance Group decided to
spin off the entire insurance division as a 100 percent subsidiary,
which will be called the "VIENNA INSURANCE GROUP AG Wiener Versicherung
Gruppe ", according to company's press release. As the largest
individual company of the Group and leading insurance company in
Austria, the Wiener Stadtische Versicherung AG VIENNA Insurance Group
will conduct its operational insurance business. All preparations for
the implementation of the resolutions have already been made by the
management, guaranteeing a smooth transition.
more...
(01.07.2010)
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At the CEA's General Assembly held in London on 10 June, Sergio
BALBINOT, Managing Director of GENERALI, was elected vice-president of
the federation. He will serve a term of one year, before taking over
from Tommy PERSSON as CEA president in June 2011 for a mandate of three
years.
Welcoming the appointment, PERSSON said: "I am delighted with the
election of Sergio BALBINOT as CEA vice-president. Bringing a wealth of
experience as an active top level executive in GENERALI, he will
strengthen the CEA, both now and in the future."
more...
(16.06.2010)
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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...
(17.06.2010)
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Credit insurer COFACE announced that the Russian state authority for
insurance (FSSN) has granted a license to its subsidiary "ZAO COFACE
Rus Insurance Company" based in Moscow, according to Insurance Journal.
COFACE is the first international credit insurer to obtain its license
in Russia.
more...
(17.06.2010)
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