http://insurance.1asig.ro/ insurance.1asig.ro - All about the Romanian Insurance Market en-us Thu, 09 Feb 2012 00:47:00 GMT insurance.1asig.ro asistent@1asig.ro (asistent@1asig.ro) 30 144 43 http://insurance.1asig.ro/ http://insurance.1asig.ro/images/logo.gif http://insurance.1asig.ro/Damages-caused-by-violent-incidents-in-Bucharest-most-probably-not-covered-by-insurance-policies-article-2,3,100-31155.htm According to the first estimates, damages produced by the violent episodes of the Romanian street protest on Sunday (January 15) could amount EUR 300.000 - 450.000, taking into consideration both the value of the police equipments destroyed and the public and private properties affected. Unfortunately, most of the losses are not insured as damages produced by civil disorders are usually not covered by the voluntary insurance policies. Tue, 17 Jan 2012 22:00:00 GMT http://insurance.1asig.ro/Damages-caused-by-violent-incidents-in-Bucharest-most-probably-not-covered-by-insurance-policies-article-2,3,100-31155.htm http://insurance.1asig.ro/ROMANIA-Francois-COSTE-appointed-CEO-of-GROUPAMA-Asigurari-article-2,3,100-31152.htm Groupama has appointed Francois COSTE as General Director of its Romanian subsidiary, GROUPAMA Romania. He will take on this new responsibility as soon as his appointment will be validated by the Romanian Insurance Supervision Commission. Sanda NICOARA, the current CEO, will return to her previous position, as deputy general director and COO (chief operations officer) of the insurer. Sun, 15 Jan 2012 22:00:00 GMT http://insurance.1asig.ro/ROMANIA-Francois-COSTE-appointed-CEO-of-GROUPAMA-Asigurari-article-2,3,100-31152.htm http://insurance.1asig.ro/1st-of-January-brings-larger-compensation-limits-and-Bonus-Malus-for-companies-article-2,3,100-31153.htm Starting with the 1st of January, the compensation limits offered by the Romanian insurers through a Motor Third Party Liability (MTPL) policy reached the level established by the European Union: for material damages, the compensation limit increased from EUR 750 thousand to EUR 1 million per event, disregarding the number of injured parts, and for bodily injuries and deaths (including moral damages indemnities), the limit reached EUR 5 million, increasing from EUR 3.5 million at the end of 2011. Sun, 15 Jan 2012 22:00:00 GMT http://insurance.1asig.ro/1st-of-January-brings-larger-compensation-limits-and-Bonus-Malus-for-companies-article-2,3,100-31153.htm http://insurance.1asig.ro/GOTHAER-plans-a-takeover-on-the-Romanian-market-Their-target-is-PLATINUM-Asigurari-German-sources-said-article-2,3,100-31154.htm The German insurance company GOTHAER is interested in taking over the Romanian insurance company PLATINUM, owned by Constantin TOMA, former president of OMNIASIG, according to sources cited by Financial Times Deutschland. Contacted by XPRIMM, the officials of GOTHAER confirmed that, at the moment, they are carefully analyzing the local insurance market and they have already started negotiations, but they did not mention the company in question. "GOTHAER is now looking closer at the Romanian insurance market and we are in discussions. But these are still in a rather early stage, so we cannot give you any further information yet", declared Martina FASSBENDER, spokesperson for GOTHAER. Mon, 09 Jan 2012 22:00:00 GMT http://insurance.1asig.ro/GOTHAER-plans-a-takeover-on-the-Romanian-market-Their-target-is-PLATINUM-Asigurari-German-sources-said-article-2,3,100-31154.htm http://insurance.1asig.ro/The-Insurance-Guarantee-Fund-reorganized-to-comply-with-the-Solvency-II-requirements-article-2,3,100-31147.htm Nicolae Crisan, former Chairman of the Romanian insurance supervising authority (ISC), between 2001 and 2006, was appointed General Director of the Insurance Guarantee Fund. The nomination follows a reorganization process undertaken by ISC, the institution to which the Guarantee Fund is subordinated, in order to better align the Solvency II supervision system requirements. The new and much simplified institutional structure of IGF will be soon revealed. Sun, 11 Dec 2011 22:00:00 GMT http://insurance.1asig.ro/The-Insurance-Guarantee-Fund-reorganized-to-comply-with-the-Solvency-II-requirements-article-2,3,100-31147.htm http://insurance.1asig.ro/More-than-EUR-half-billion-for-the-mediation-market-article-2,3,100-31146.htm The Romanian insurance mediation market has reached, after the first nine months of this year, a total amount of mediated premium of EUR 550 million, according to INSURANCE Profile estimation. Compared to 3Q2010, the business turnover decreased by 3.7%in real terms, while the nominal change in European currency was also negative: -0.90%. Concluding, the insurance mediation market represents, more than 38% from the gross written premium by the all Romanian insurance companies. Wed, 07 Dec 2011 22:00:00 GMT http://insurance.1asig.ro/More-than-EUR-half-billion-for-the-mediation-market-article-2,3,100-31146.htm http://insurance.1asig.ro/Bogdan-ANDRIESCU-re-elected-as-President-of-UNSICAR-article-2,3,100-31148.htm Bogdan ANDRIESCU was re-elected as President of The National Union of Insurance Brokerage and Consultancy Societies from Romania (UNSICAR). Along with Bogdan ANDRIESCU the other members of the Board of Directors are Ionel DIMA, Vicepresident, AVUS Group, Gheorghe GRAD, General Manager, SRBA, Victor SRAER, General Manager, OTTO Broker, and Zorin PUSCASU, General Manager, MEDIATIS Broker. Mon, 05 Dec 2011 22:00:00 GMT http://insurance.1asig.ro/Bogdan-ANDRIESCU-re-elected-as-President-of-UNSICAR-article-2,3,100-31148.htm http://insurance.1asig.ro/Good-dynamic-on-property-and-life-insurance-close-to-compensate-the-drop-in-motor-premium-article-2,3,100-31141.htm The 3Q2011 preliminary results of the Romanian insurance market show a slowdown of the negative trend in underwriting, with a y-o-y GWP nominal change of only -3%, much better as compared to the half year figures which were showing a 14% fall in GWP. All in all, GWP stood at EUR 1,444.48 million. Mon, 28 Nov 2011 22:00:00 GMT http://insurance.1asig.ro/Good-dynamic-on-property-and-life-insurance-close-to-compensate-the-drop-in-motor-premium-article-2,3,100-31141.htm http://insurance.1asig.ro/Radu-MUSTATEA-steps-down-as-head-of-ASTRA-Asigurari-from-January-1-2012-The-leadership-will-be-taken-over-by-Alexander-ADAMESCU-article-2,3,100-31142.htm Radu MUSTATEA, President of ASTRA Asigurari, the leading insurer on the Romanian market, is stepping down, the company said on Monday in a press release. The management of the company will be taken over by Alexander ADAMESCU, currently Vice President of the Supervisory Board of ASTRA. Radu MUSTATEA decided not to renew his term mandate of five years ending at the beginning of 2012, in order to pursue some personal projects. Wed, 23 Nov 2011 22:00:00 GMT http://insurance.1asig.ro/Radu-MUSTATEA-steps-down-as-head-of-ASTRA-Asigurari-from-January-1-2012-The-leadership-will-be-taken-over-by-Alexander-ADAMESCU-article-2,3,100-31142.htm http://insurance.1asig.ro/ROMANIA-UNSAR-members-underwritings-5-down-in-3Q2011-to-RON-4-9-billion-article-2,3,100-31143.htm Premiums underwritten by the 22 members of the National Union of Insurance and Reinsurance Companies in Romania (UNSAR) fell about 5% in the first nine months of 2011, to RON 4.9 billion lei (EUR 1.2 billion). The share of Union's member companies in total underwritings of the insurance market is about 82%. Wed, 16 Nov 2011 22:00:00 GMT http://insurance.1asig.ro/ROMANIA-UNSAR-members-underwritings-5-down-in-3Q2011-to-RON-4-9-billion-article-2,3,100-31143.htm http://insurance.1asig.ro/ASITO-KAPITAL-sold-to-MOLDASIG-The-decision-regarding-the-transfer-of-shares-was-published-in-the-Romanian-Official-Gazette-article-2,3,100-31139.htm The Annual General Meeting of Shareholders of the company ASITO KAPITAL has approved the transfer of shares from the NORCROSS property (majoritary shareholder of the company) to the Joint International Insurance Company MOLDASIG from Moldova. The decision was published in the Romanian Official Gazette, Part IV, no. 4004 of October 28th, 2011. Following this decision, NORCROSS will lose its quality of shareholder of the company (it had controled 97% of the shares, representing 99.9% of the share capital of the company), which was taken over by the Moldavian insurer. Wed, 02 Nov 2011 22:00:00 GMT http://insurance.1asig.ro/ASITO-KAPITAL-sold-to-MOLDASIG-The-decision-regarding-the-transfer-of-shares-was-published-in-the-Romanian-Official-Gazette-article-2,3,100-31139.htm http://insurance.1asig.ro/The-main-directions-of-the-multi-brand-strategy-of-GENERALI-Romania-article-2,3,100-31138.htm One of the main projects of GENERALI Romania for the next period is communicating the multi-brand strategy, so far unique on the insurance market, both to clients and to partners. "The entire communication campaign is focused on promoting both brands, GENERALI and ARDAF, by emphasizing the defining qualities, as well as the complementary ones, to show clients that the two brands remain in the market", said Adrian MARIN, CEO of GENERALI Romania, in an interview for XPRIMM Newsletters. Thu, 27 Oct 2011 21:00:00 GMT http://insurance.1asig.ro/The-main-directions-of-the-multi-brand-strategy-of-GENERALI-Romania-article-2,3,100-31138.htm http://insurance.1asig.ro/Nine-months-of-strengthening-the-leadership-position-at-ASTRA-Asigurari-article-2,3,100-31137.htm The first three quarters represented for ASTRA Asigurari "nine months of strengthening the market leader position", according to statements made by Radu MUSTATEA, President of the Directorate of the company, in an interview for XPRIMM.TV, at Baden Baden. "We have a positive evolution compared to last year, not very high, single digit, but it is a growth probably somewhere between 3% and 5%, under the circumstances that the market has decreased. Also, we have had a good evolution on the market in Hungary in the first nine months, where we already have about 160,000 customers", he added. Wed, 26 Oct 2011 21:00:00 GMT http://insurance.1asig.ro/Nine-months-of-strengthening-the-leadership-position-at-ASTRA-Asigurari-article-2,3,100-31137.htm http://insurance.1asig.ro/Reinsurers-are-seeking-niche-risks-article-2,3,100-31131.htm The pressure to underwrite more premium income to cover losses from the first half of the year but without reducing rates means reinsurers are increasingly open to writing new business in niche areas and from previously under-developed markets. Tue, 25 Oct 2011 21:00:00 GMT http://insurance.1asig.ro/Reinsurers-are-seeking-niche-risks-article-2,3,100-31131.htm http://insurance.1asig.ro/Increased-regulations-in-Russia-have-taken-off-the-market-several-reinsurance-companies-article-2,3,100-31132.htm Increased regulations in the insurance industry in Russia have led many companies to cease trading, explained Olga SIGALOVICH, General Director, EASTERN Re, for Intelligent Insurer. "New capitalisation requirements for reinsurers have meant that the market has declined sharply, as companies without enough capital to meet the new legislative requirements have left the market", stated Olga SIGALOVICH. Tue, 25 Oct 2011 21:00:00 GMT http://insurance.1asig.ro/Increased-regulations-in-Russia-have-taken-off-the-market-several-reinsurance-companies-article-2,3,100-31132.htm http://insurance.1asig.ro/MUNICH-Re-sustains-fiscal-union-and-a-common-budgetary-policy-in-EU-article-2,3,100-31133.htm MUNICH Re sustains the introduction of fiscal union and a common budgetary policy at EU level, as a solution to the current macroeconomic situation, caused by the sovereign debt crisis, that threatens to destabilize the entire continent. Tue, 25 Oct 2011 21:00:00 GMT http://insurance.1asig.ro/MUNICH-Re-sustains-fiscal-union-and-a-common-budgetary-policy-in-EU-article-2,3,100-31133.htm http://insurance.1asig.ro/Mergers-and-acquisitions-USD-3-4-billion-in-the-first-six-months-article-2,3,100-31134.htm Extremely high volatility of financial markets and an unfavorable economic climate continue to impede the development of mergers and acquisitions market in insurance and reinsurance industry, according to a report presented in Baden-Baden by GUY CARPENTER. Thus, the activity in this field in the first six months of 2011 stood at a level similar to the one from the corresponding periods in 2010 and 2009. From January to June 2011, a total of 22 major transactions were announced and completed, whose aggregated value amounts to over USD 3.4 billion. Tue, 25 Oct 2011 21:00:00 GMT http://insurance.1asig.ro/Mergers-and-acquisitions-USD-3-4-billion-in-the-first-six-months-article-2,3,100-31134.htm http://insurance.1asig.ro/ASIROM-aims-an-over-20-increase-of-general-insurance-underwritings-by-the-end-of-the-year-article-2,3,100-31130.htm ASIROM's estimated results for the end of the year aim a 20% increase of underwritings on general insurance, while life insurance is waiting to return to the previous year's level. Mon, 24 Oct 2011 21:00:00 GMT http://insurance.1asig.ro/ASIROM-aims-an-over-20-increase-of-general-insurance-underwritings-by-the-end-of-the-year-article-2,3,100-31130.htm http://insurance.1asig.ro/If-you-are-not-in-Baden-Baden-the-electronic-version-of-XPRIMM-INSURANCE-REPORT-can-be-found-on-www-xprimm-com-article-2,3,100-31124.htm On Sunday, October 23rd, participants at Baden-Baden XPRIMM Reception were the first readers of the most comprehensive analysis report for 30 insurance markets in Central and Eastern Europe, respectively from the Commonwealth of Independent States and Turkey: XPRIMM INSURANCE REPORT 1H 2011. The event was organized with the support of AZ Re, ASTRA Asigurari and International Insurance Company as Strategic Partners. Partners of the event were the companies CERTASIG, OLSA Re, JLT Re, ATESGAH Insurance, UNITY Re and STANDARD Insurance. Sun, 23 Oct 2011 21:00:00 GMT http://insurance.1asig.ro/If-you-are-not-in-Baden-Baden-the-electronic-version-of-XPRIMM-INSURANCE-REPORT-can-be-found-on-www-xprimm-com-article-2,3,100-31124.htm http://insurance.1asig.ro/INSURANCE-Profile-Azerbaijan-1H-2011-was-launched-on-October-23rd-article-2,3,100-31125.htm On October 23rd, on the occasion of the third edition of Baden-Baden XPRIMM Reception, the second special issue of INSURANCE Profile, dedicated to the Azerbaijani insurance market, was launched, this time the period January-June 2011 being analyzed. Sun, 23 Oct 2011 21:00:00 GMT http://insurance.1asig.ro/INSURANCE-Profile-Azerbaijan-1H-2011-was-launched-on-October-23rd-article-2,3,100-31125.htm http://insurance.1asig.ro/The-XPRIMM-Reception-tradition-continues-in-Baden-Baden-article-2,3,100-31126.htm October 23rd was the moment of the third edition of Baden - Baden XPRIMM Reception, annual event organized by Media XPRIMM during Baden - Baden Meetings. Over 250 leaders and specialists of top insurance and reinsurance companies gathered on the occasion of the event in Kurhaus Casino, profile markets in Central and Eastern Europe, the ex-Soviet space and Russia being represented. Sun, 23 Oct 2011 21:00:00 GMT http://insurance.1asig.ro/The-XPRIMM-Reception-tradition-continues-in-Baden-Baden-article-2,3,100-31126.htm http://insurance.1asig.ro/European-insurers-will-be-hard-hit-if-debt-contagion-spreads-to-Italy-and-Spain-article-2,3,100-31127.htm European insurers will be hard hit if debt contagion spreads to Italy and Spain according to MOODY's. The rating agency said most rated European insurers could sustain further weakening in the creditworthiness of the Irish and Portuguese sovereigns as well as higher-than-expected losses on Greek sovereign debt. Sun, 23 Oct 2011 21:00:00 GMT http://insurance.1asig.ro/European-insurers-will-be-hard-hit-if-debt-contagion-spreads-to-Italy-and-Spain-article-2,3,100-31127.htm http://insurance.1asig.ro/GUY-CARPENTER-Reinsurance-market-hasn-t-turned-corner-yet-article-2,3,100-31128.htm The global reinsurance market has not yet turned the corner into an upturn, a panel of speakers at the GUY CARPENTER symposium at the annual Baden-Baden Rendez-Vous has agreed. Sun, 23 Oct 2011 21:00:00 GMT http://insurance.1asig.ro/GUY-CARPENTER-Reinsurance-market-hasn-t-turned-corner-yet-article-2,3,100-31128.htm http://insurance.1asig.ro/INSURANCE-XPRIMM-REPORT-its-third-release-at-Baden-Baden-article-2,3,100-31121.htm For the third consecutive year, at the Baden-Baden Meetings, held during October 23rd-27th, Media XPRIMM will organize Baden-Baden XPRIMM Reception. Leaders and specialists in insurance, reinsurance and related fields will reunite on this occasion, Sunday, October 23rd, at Kurhaus Casino, during an event that will highlight the insurance markets in CEE, Russia and CIS, in an important context, such as the Baden-Baden Meetings. Thu, 20 Oct 2011 21:00:00 GMT http://insurance.1asig.ro/INSURANCE-XPRIMM-REPORT-its-third-release-at-Baden-Baden-article-2,3,100-31121.htm http://insurance.1asig.ro/Romanian-insurance-companies-are-ready-for-the-Baden-Baden-negotiations-article-2,3,100-31116.htm Like every year, the week when the Baden-Baden Meetings take place is a moment of review for the insurance markets. And companies in Romania will determine if the decisions made during the year, in terms of underwriting policies, have paid off. Tue, 18 Oct 2011 21:00:00 GMT http://insurance.1asig.ro/Romanian-insurance-companies-are-ready-for-the-Baden-Baden-negotiations-article-2,3,100-31116.htm http://insurance.1asig.ro/Counting-down-the-days-until-the-launch-of-XPRIMM-INSURANCE-REPORT-1H-2011-and-INSURANCE-Profile-Azerbaijan-1H-2011-article-2,3,100-31117.htm A few days separate us from the launch of the most comprehensive analysis report of 30 insurance markets in Central and Eastern Europe, and CIS, respectively. Sunday, October 23rd, during Baden-Baden XPRIMM Reception, XPRIMM INSURANCE REPORT 1H 2011 will be released. On this occasion, a new Special Issue of INSURANCE Profile will be launched, dedicated to the insurance market of Azerbaijan. The publication outlines an overview of the Azerbaijan economy and of the local insurance market evolution for 1H 2011. Tue, 18 Oct 2011 21:00:00 GMT http://insurance.1asig.ro/Counting-down-the-days-until-the-launch-of-XPRIMM-INSURANCE-REPORT-1H-2011-and-INSURANCE-Profile-Azerbaijan-1H-2011-article-2,3,100-31117.htm http://insurance.1asig.ro/CERTASIG-We-can-even-benefit-of-small-reductions-in-this-renewals-season-article-2,3,100-31114.htm The renewals season, that will be marked this year, too, by the negotiations during Baden - Baden Meetings, are not a reason to worry for the Romanian insurers. Moreover, some of them do not exclude the option to pay less in 2012 for reinsurance. Mon, 17 Oct 2011 21:00:00 GMT http://insurance.1asig.ro/CERTASIG-We-can-even-benefit-of-small-reductions-in-this-renewals-season-article-2,3,100-31114.htm http://insurance.1asig.ro/ISC-gives-green-light-for-the-taking-over-of-ASITO-Kapital-by-MOLDASIG-article-2,3,100-31113.htm The company MOLDASIG received the approval of the Insurance Supervisory Commission (ISC) for the acquisition of 99.9% of the shares of ASITO Kapital in Romania, according to the Moldavian insurer's officials. The decision comes after four months ago, the supervisory authority in Moldova - National Commission of Financial Markets - had also approved this transaction, the documents having been sent to ISC. Tue, 11 Oct 2011 21:00:00 GMT http://insurance.1asig.ro/ISC-gives-green-light-for-the-taking-over-of-ASITO-Kapital-by-MOLDASIG-article-2,3,100-31113.htm http://insurance.1asig.ro/Two-weeks-until-the-launch-of-XPRIMM-INSURANCE-REPORT-1H-2011-article-2,3,100-31110.htm Less than two weeks are separating us from the launch of the most comprehensive analysis report of 30 insurance markets in Central and Eastern Europe, CIS, respectively. Sunday, October 23rd, with the occasion of Baden-Baden XPRIMM Reception, XPRIMM INSURANCE REPORT 1H/2011 will be released. The editorial staff of XPRIMM INSURANCE REPORT wants to thank the 16 Supervisory Authorities, Associations, local press groups and rating agencies that have supported the elaboration of the October 2011 Edition of the publication, by providing financial data, respectively by exclusive interviews. Sun, 09 Oct 2011 21:00:00 GMT http://insurance.1asig.ro/Two-weeks-until-the-launch-of-XPRIMM-INSURANCE-REPORT-1H-2011-article-2,3,100-31110.htm http://insurance.1asig.ro/Marinela-NEMES-ISC-amp%3Bquot%3BThe-fine-is-not-the-only-penalty-amp%3Bquot%3B-article-2,3,100-31111.htm "The law regarding compulsory home insurance has a very high social significance and time has shown that the insurance premium is not a tax. There have already been granted compensations to those who suffered damages", said Marinela NEMES, Director of the Legal Department, Insurance Supervisory Commission. Sun, 09 Oct 2011 21:00:00 GMT http://insurance.1asig.ro/Marinela-NEMES-ISC-amp%3Bquot%3BThe-fine-is-not-the-only-penalty-amp%3Bquot%3B-article-2,3,100-31111.htm http://insurance.1asig.ro/Marius-BULUGEA-General-Manager-PAID-amp%3Bquot%3BMayors-should-at-least-make-people-sign-that-they-are-aware-about-the-compulsory-home-insurance-amp%3Bquot%3B-article-2,3,100-31112.htm According to a set of studies conducted by international experts, the damages that would occur in the case of an earthquake similar to the one in 1977 would amount to EUR 4.8 billion, according to Marius BULUGEA, General Manager of PAID. Sun, 09 Oct 2011 21:00:00 GMT http://insurance.1asig.ro/Marius-BULUGEA-General-Manager-PAID-amp%3Bquot%3BMayors-should-at-least-make-people-sign-that-they-are-aware-about-the-compulsory-home-insurance-amp%3Bquot%3B-article-2,3,100-31112.htm http://insurance.1asig.ro/Mesut-YETISKUL-amp%3Bquot%3BThe-campaign-for-selling-mandatory-household-insurance-has-had-two-significant-effects-upon-the-household-insurance-segment-amp%3Bquot%3B-article-2,3,100-31104.htm The moment of review for the household insurance in Romania is getting closer, as the results of mandatory household insurance system and not only are going to be reviewed on the occasion of ICAR - International CAtastrophic Risks Forum 2011. Mon, 03 Oct 2011 21:00:00 GMT http://insurance.1asig.ro/Mesut-YETISKUL-amp%3Bquot%3BThe-campaign-for-selling-mandatory-household-insurance-has-had-two-significant-effects-upon-the-household-insurance-segment-amp%3Bquot%3B-article-2,3,100-31104.htm http://insurance.1asig.ro/Insurance-brokers-support-increased-prices-on-MTPL-Minimum-rate-should-be-between-EUR-160-and-EUR-180-article-2,3,100-31105.htm The MTPL policies prices represent one of the main sources of concern for brokers and insurers. "Exchange rate depreciation and inflation pressures are other factors that should influence the MTPL tariff level, because their fluctuations are directly reflected in the claims cost. Last year, for example, if we were to consider only the increase of VAT and we still should have seen an increase of prices practiced for this type of insurance", said Bogdan ANDRIESCU, President of UNSICAR, during the meeting of the association, at Eforie Nord. Mon, 03 Oct 2011 21:00:00 GMT http://insurance.1asig.ro/Insurance-brokers-support-increased-prices-on-MTPL-Minimum-rate-should-be-between-EUR-160-and-EUR-180-article-2,3,100-31105.htm http://insurance.1asig.ro/EULER-Hermes-operations-in-Romania-will-be-integrated-into-a-new-structure-EULER-Hermes-Europe-From-October-1st-the-group-operates-in-Romania-through-a-new-branch-article-2,3,100-31106.htm Following reorganization activities of EULER Hermes (EH) in Europe, starting October 1st, the activity of the new branch of EULER Hermes in Romania, namely EH Credit Insurance Belgium Bruxelles, Bucharest Branch, was launched. It will replace the German branch (EH Kreditversicherungs'AG Hamburg), whose activity ceases with the same date, and will undergo in the coming months a rebranding process, to align with the name EULER Hermes Europe. The company also announced its intention to transfer the entire insurance portfolio in Romania of the German branch to the branch EH Credit Insurance Belgium. Mon, 03 Oct 2011 21:00:00 GMT http://insurance.1asig.ro/EULER-Hermes-operations-in-Romania-will-be-integrated-into-a-new-structure-EULER-Hermes-Europe-From-October-1st-the-group-operates-in-Romania-through-a-new-branch-article-2,3,100-31106.htm http://insurance.1asig.ro/Major-European-groups-have-resumed-market-share-growth-on-the-motor-segment-article-2,3,100-31102.htm The cumulated value of gross written premiums on motor insurance in the first half of 2011 of member companies of the major European insurance groups present in Romania (ALLIANZ, GENERALI PPF, GROUPAMA, VIENNA Insurance and UNIQA) was EUR 372.2 million. The figure represents 72.3% of all businesses registered in the motor insurance market (Motor Hull, MTPL and Green Card, added up), up 3 percentage points compared to the first six months of 2010. Last year, the market share of major profile groups had descended dramatically to 69%, from 80% a year before. Sun, 02 Oct 2011 21:00:00 GMT http://insurance.1asig.ro/Major-European-groups-have-resumed-market-share-growth-on-the-motor-segment-article-2,3,100-31102.htm http://insurance.1asig.ro/How-does-the-first-annual-review-of-household-insurance-look-like-article-2,3,100-31103.htm The first "checkpoint" of the Romanian catastrophe insurance program - implemented in the summer of 2010 -, including the extent to which it boosted the voluntray household insurance market, is getting closer. ICAR 2011 - International CAtastrophic Risks Forum marks the review of the first year of mandatory insurance and will be held on October 10th, at Hotel Radisson BLU Bucharest. Sun, 02 Oct 2011 21:00:00 GMT http://insurance.1asig.ro/How-does-the-first-annual-review-of-household-insurance-look-like-article-2,3,100-31103.htm http://insurance.1asig.ro/What-did-the-insurance-leaders-and-specialists-say-during-the-Motor-Insurance-Conference-Bulgaria-2011-article-2,3,100-31100.htm The interviews with leaders and specialists attending the first edition of the International Conference "Motor Insurance in South-Eastern Europe: Solutions for cross-border problems", organized in Sofia by Media XPRIMM and INSMARKET.BG, on September 27th, can be watched, starting September 30th, on XPRIMM.TV. Thu, 29 Sep 2011 21:00:00 GMT http://insurance.1asig.ro/What-did-the-insurance-leaders-and-specialists-say-during-the-Motor-Insurance-Conference-Bulgaria-2011-article-2,3,100-31100.htm http://insurance.1asig.ro/Alexandra-STORR-SWISS-Re-Compensations-for-body-injuries-will-increase-article-2,3,100-31094.htm "There are expected larger and larger increases of compensations for body injuries or death. Also, their share in total claims on motor classes will increase", explained Alexandra STORR, Vice President, SWISS Re Europe S.A. Tue, 27 Sep 2011 21:00:00 GMT http://insurance.1asig.ro/Alexandra-STORR-SWISS-Re-Compensations-for-body-injuries-will-increase-article-2,3,100-31094.htm http://insurance.1asig.ro/Cars-registered-in-Bulgaria-caused-1-800-accidents-in-6-months-article-2,3,100-31095.htm In the first six months of 2011, the number of claims files approved as a result of road accidents caused on the Romanian territory by vehicles registered in Bulgaria has increased by 31% compared to the same period last year, reaching 1,798 files, said Mona CUCU, Director of Mandatory Insurance Department of the ISC. Meanwhile, in 2010, over 10,000 claims on Green Card have been accounted for, of which 3,155 were produced by cars from Bulgaria. Tue, 27 Sep 2011 21:00:00 GMT http://insurance.1asig.ro/Cars-registered-in-Bulgaria-caused-1-800-accidents-in-6-months-article-2,3,100-31095.htm http://insurance.1asig.ro/EUR-1-7-billion-paid-in-Europe-for-Green-Card-claims-article-2,3,100-31096.htm With a population of approximately 715 million people, in Europe travel 350 million cars, according to Mariusz WICHTOWSKI, President of the Council of Green Card Bureaux. Under these circumstances, only last year drivers who traveled by car outside the borders of their country of residence have generated over 380,000 claims on Green Card, up from 2009, when their number had not exceeded 350,000. Tue, 27 Sep 2011 21:00:00 GMT http://insurance.1asig.ro/EUR-1-7-billion-paid-in-Europe-for-Green-Card-claims-article-2,3,100-31096.htm http://insurance.1asig.ro/The-Parliament-voted-the-new-componence-of-the-ISC-Council-Constantin-BUZOIANU-is-the-new-President-article-2,3,100-31098.htm The reunited Finance Budget Commissions' proposals were confirmed on September 27th, by the Plenum of Parliament. Thus, with a total of 230 votes, Constantin BUZOIANU, favorably approved for this position on September 27th, during the meeting of the reunited Finance Bugdet Commissions, was appointed ISC President for the next five years. Tue, 27 Sep 2011 21:00:00 GMT http://insurance.1asig.ro/The-Parliament-voted-the-new-componence-of-the-ISC-Council-Constantin-BUZOIANU-is-the-new-President-article-2,3,100-31098.htm http://insurance.1asig.ro/Motor-insurers-from-South-Eastern-Europe-face-to-face-in-Sofia-article-2,3,100-31089.htm Today, on September 27th, Bulgaria's capital hosts the first edition of the Motor Insurance Conference - Bulgaria 2011, titled "Cross-border Cooperation", organized by Media XPRIMM and INSMARKET.BG. The main subject of the event is even more important under the circumstances of the increasing number of accidents caused on Romanian territory by vehicles registered in Bulgaria and of the existent unclarities regarding the way of compensation. Mon, 26 Sep 2011 21:00:00 GMT http://insurance.1asig.ro/Motor-insurers-from-South-Eastern-Europe-face-to-face-in-Sofia-article-2,3,100-31089.htm http://insurance.1asig.ro/A-new-editorial-premiere-INSURANCE-Profile-Bulgaria-1H-2011-article-2,3,100-31090.htm Today, September the 27th, 2011, during the first edition of the Motor Insurance Conference - Bulgaria 2011, titled "Cross-border Cooperation", organized by INSMARKET.BG and Media XPRIMM, an XPRIMM editorial product is being launched: INSURANCE Profile - Bulgaria 1H/2011. Mon, 26 Sep 2011 21:00:00 GMT http://insurance.1asig.ro/A-new-editorial-premiere-INSURANCE-Profile-Bulgaria-1H-2011-article-2,3,100-31090.htm http://insurance.1asig.ro/Bulgarian-authorities-are-preparing-changes-of-the-vehicle-registration-regime-article-2,3,100-31091.htm Due to problems generated by cars registered by Romanian citizens in Bulgaria and that are driven on Romanian territory, the authorities in Sofia are preparing a set of changes of the vehicle registration legal framework. These include the introduction of a period of 45 days for the transfer of ownership of the vehicle, to eliminate the possibility of driving it in Romania based on the mandate that is currently used. Mon, 26 Sep 2011 21:00:00 GMT http://insurance.1asig.ro/Bulgarian-authorities-are-preparing-changes-of-the-vehicle-registration-regime-article-2,3,100-31091.htm http://insurance.1asig.ro/Konstantin-VELEV-Figures-presented-by-ISC-reveal-very-clearly-the-severity-of-the-problem-article-2,3,100-31092.htm Vehicle registrations in Bulgaria are made either by Romanian citizens or by Bulgarian citizens or specialized entities that act as intermediaries. This violates some Bulgarian laws and it also means taking advantage of some "loopholes" in the local laws, according to Bulgarian officials. Mon, 26 Sep 2011 21:00:00 GMT http://insurance.1asig.ro/Konstantin-VELEV-Figures-presented-by-ISC-reveal-very-clearly-the-severity-of-the-problem-article-2,3,100-31092.htm http://insurance.1asig.ro/Breaking-News-Constantin-BUZOIANU-approved-for-the-position-of-ISC-President-after-Romeo-COMANICIU-withdrew-his-candidacy-article-2,3,100-31093.htm Constantin BUZOIANU was approved as Candidate for the position of ISC President in the meeting of the joint Finance Budget Commissions. Also, in the same meeting, Cornel Coca CONSTANTINESCU was approved for the position of ISC Vice President. Mon, 26 Sep 2011 21:00:00 GMT http://insurance.1asig.ro/Breaking-News-Constantin-BUZOIANU-approved-for-the-position-of-ISC-President-after-Romeo-COMANICIU-withdrew-his-candidacy-article-2,3,100-31093.htm http://insurance.1asig.ro/On-the-27th-of-September-takes-place-the-Motor-Insurance-Conference-Bulgaria-2011-article-2,3,100-31088.htm On September 27th, Bulgaria's capital hosts the first edition of the Motor Insurance Conference - Bulgaria 2011, titled "Cross-border Cooperation", organized by Media XPRIMM and INSMARKET.BG. The main subject of the event is even more important under the circumstances of the increasing number of accidents caused on Romanian territory by vehicles registered in Bulgaria and of the existent unclarities regarding the way of compensation. Sun, 25 Sep 2011 21:00:00 GMT http://insurance.1asig.ro/On-the-27th-of-September-takes-place-the-Motor-Insurance-Conference-Bulgaria-2011-article-2,3,100-31088.htm http://insurance.1asig.ro/EUR-12-1-million-the-underwritings-of-Ukrainian-insurers-on-agricultural-insurance-in-2011-article-2,3,100-31086.htm Agricultural insurance market in Ukraine has seen a positive growth in 2011, 1,978 insurance contracts being concluded in the spring-summer season, according to the analysis presented in the seminar dedicated to this field at the International Financial Forum in Yalta. Thu, 22 Sep 2011 21:00:00 GMT http://insurance.1asig.ro/EUR-12-1-million-the-underwritings-of-Ukrainian-insurers-on-agricultural-insurance-in-2011-article-2,3,100-31086.htm http://insurance.1asig.ro/General-liability-insurance-increased-by-over-22-in-1H-2011-article-2,3,100-31087.htm The total amount of underwritings made by insurance companies in Romania on the general liability class increased by 22.7% in 1H/2011, compared to January-June 2010, totaling EUR 21.4 million, according to the data from the Specialty Review INSURANCE Profile. Thu, 22 Sep 2011 21:00:00 GMT http://insurance.1asig.ro/General-liability-insurance-increased-by-over-22-in-1H-2011-article-2,3,100-31087.htm http://insurance.1asig.ro/4-the-share-of-claims-solved-through-the-amicable-report-in-Russia-article-2,3,100-31082.htm The share of claims approved by the amicable report in Russia represents 4% of the total paid claims, according to statistics presented by Pavel BUNIN, President of Motor Insurers Bureau in Russia, at the International Financial Forum in Yalta. Wed, 21 Sep 2011 21:00:00 GMT http://insurance.1asig.ro/4-the-share-of-claims-solved-through-the-amicable-report-in-Russia-article-2,3,100-31082.htm http://insurance.1asig.ro/Foreign-investors-own-a-60-share-of-total-underwritings-on-the-Ukrainian-insurance-market-article-2,3,100-31083.htm 115 insurance companies with foreign capital are operating on the insurance market in Ukraine, holding a share of 60% of total underwritings from 2010, stated, during the International Financial Forum in Yalta, Alexandr FILONIUK, Chairman of the Board of LIOU. Wed, 21 Sep 2011 21:00:00 GMT http://insurance.1asig.ro/Foreign-investors-own-a-60-share-of-total-underwritings-on-the-Ukrainian-insurance-market-article-2,3,100-31083.htm http://insurance.1asig.ro/Future-clients-of-life-insurance-companies-have-more-rights-article-2,3,100-31084.htm According to a release of the Insurance Supervisory Commission, starting September 21st, people who intend to buy life insurance have the right that before signing up the insurance contract to receive a set of additional information in comparison to those provided so far by the insurers and insurance brokers. This right is provided by Order ISC No.11/2010, that completes the rules implemented by Order No.23/2009. Wed, 21 Sep 2011 21:00:00 GMT http://insurance.1asig.ro/Future-clients-of-life-insurance-companies-have-more-rights-article-2,3,100-31084.htm http://insurance.1asig.ro/The-average-solvency-degree-in-2010-on-the-Romanian-insurance-market-2-21-on-life-insurance-and-4-29-on-life-insurance-article-2,3,100-31085.htm On the Romanian insurance market, in the year 2010, the average solvency degree was 2.21 for general insurance business and 4.29 for life insurance, exceeding the level required by law. According to the Insurance Supervisory Commission data, this level was maintained at the same values over the last 5 years (and in case of life insurance it even grew), which attests the stability of the insurance market, despite the economic crisis. Wed, 21 Sep 2011 21:00:00 GMT http://insurance.1asig.ro/The-average-solvency-degree-in-2010-on-the-Romanian-insurance-market-2-21-on-life-insurance-and-4-29-on-life-insurance-article-2,3,100-31085.htm http://insurance.1asig.ro/The-amicable-report-was-introduced-in-Ukraine-article-2,3,100-31077.htm The amicable report of damages due to road accidents can be used in Ukraine starting September the 19th, current year. "This corresponds with European standards in the field and provides that road accidents which resulted only in material damage and in which only two vehicles were involved will be solved without the Police finding documents, by using the amicable report", stated for XPRIMM News Vladimir ROMANISHIN, the Director of Motor Insurers Bureau in Ukraine, during the International Financial Forum in Yalta. Tue, 20 Sep 2011 21:00:00 GMT http://insurance.1asig.ro/The-amicable-report-was-introduced-in-Ukraine-article-2,3,100-31077.htm http://insurance.1asig.ro/50-of-Russian-insurers-may-leave-the-market-in-2012-article-2,3,100-31078.htm Over 50% of Russian insurers did not increase their share capital by September 1st of this year, said Andrei KIGIM, President of Insurers Association of Russia, during the International Forum in Yalta. According to him, out of 600 companies, a total of 368 did not raise their capital, and since 2012 come into force new rules on minimum share capital requirements. Tue, 20 Sep 2011 21:00:00 GMT http://insurance.1asig.ro/50-of-Russian-insurers-may-leave-the-market-in-2012-article-2,3,100-31078.htm http://insurance.1asig.ro/42-increase-for-Uzbek-insurers-in-the-first-half-article-2,3,100-31079.htm Uzbek insurers recorded an increase of 42.1% in the first half of this year compared to the same period in 2010, totaling EUR 50.8 million in gross written premiums, said Olimzhon IKRAMOV, Director of the Insurance Supervisory Authority of Uzbekistan. Of these, a share of 40% corresponds to state owned companies, a percentage that has been constantly decreasing over the last 7 years. Tue, 20 Sep 2011 21:00:00 GMT http://insurance.1asig.ro/42-increase-for-Uzbek-insurers-in-the-first-half-article-2,3,100-31079.htm http://insurance.1asig.ro/15-increase-for-Ukrainian-insurers-in-the-first-half-article-2,3,100-31074.htm In 1H/2011, insurance companies in Ukraine have increased their underwritings by 14.6% compared with 1H/2010, totaling UAH 11 billion (EUR 1 billion), said on the 20th of September Alexandr FILONIUK, President of the LIOU Council, in the opening of the works of the 11th Edition of the International Financial Forum in Yalta, held during September 19th-23rd. PRIMM Insurance & Pensions Magazine, traditional Media Partner of the event, is represented at the reunion by Oleg DORONCEANU, International Markets Coordinator. Mon, 19 Sep 2011 21:00:00 GMT http://insurance.1asig.ro/15-increase-for-Ukrainian-insurers-in-the-first-half-article-2,3,100-31074.htm http://insurance.1asig.ro/Non-resident-companies-will-be-able-to-open-branches-in-Ukraine-starting-2012-article-2,3,100-31075.htm Starting 2012, non-resident insurance companies will be able to open direct branches in Ukraine, said, in the opening of the International Forum in Yalta, Alexandr KLIMENKO, Chairman of the Subcommittee on Non-Bank Financial Institutions of the Ukraine Parliament. Mon, 19 Sep 2011 21:00:00 GMT http://insurance.1asig.ro/Non-resident-companies-will-be-able-to-open-branches-in-Ukraine-starting-2012-article-2,3,100-31075.htm http://insurance.1asig.ro/50-increase-for-the-Belarusian-insurance-market-in-first-half-article-2,3,100-31076.htm Insurance companies from Belarus registered a 44.7% increase in underwritings in the first quarter, reporting gross premiums worth RUB 887.2 billion, said, for XPRIMM News, Irina MERZLYAKOVA, President of Belarus Insurers Association, during the International Financial Forum in Yalta. Of these, voluntary insurance owns a share of 49.9% or RUB 443.1 billion. Mon, 19 Sep 2011 21:00:00 GMT http://insurance.1asig.ro/50-increase-for-the-Belarusian-insurance-market-in-first-half-article-2,3,100-31076.htm http://insurance.1asig.ro/Warranties-insurance-increased-by-55-and-represent-1-of-the-market-article-2,3,100-31080.htm In the first half of this year, warranties insurance segment generated a volume of gross written premiums of EUR 9.8 million (1% of the total insurance market), shows INSURANCE Profile, stating an increasing evolution of 55% compared to 1H/2010. Mon, 19 Sep 2011 21:00:00 GMT http://insurance.1asig.ro/Warranties-insurance-increased-by-55-and-represent-1-of-the-market-article-2,3,100-31080.htm http://insurance.1asig.ro/Motor-brokers-amp%3Bquot%3Bpush-their-limits-amp%3Bquot%3B-to-over-73-of-the-total-brokerage-market-article-2,3,100-31081.htm 38% represents the insurance brokerage market in the total profile market after the first six months of the current year, after, at the end of March, the insurance brokerage companies had generated about one third of the market, according to the latest issue of INSURANCE Profile. Overall, the brokerage market experienced a decrease of 2.6%, to about EUR 365 million, in absolute value the market decreasing by about EUR 10 million. Mon, 19 Sep 2011 21:00:00 GMT http://insurance.1asig.ro/Motor-brokers-amp%3Bquot%3Bpush-their-limits-amp%3Bquot%3B-to-over-73-of-the-total-brokerage-market-article-2,3,100-31081.htm http://insurance.1asig.ro/The-Yalta-International-Forum-began-on-the-19th-of-September-2011-article-2,3,100-31072.htm On the 19th of September took place the official opening of the 11th edition of the International Insurance and Reinsurance Forum in Yalta, an event dedicated to profile markets in Central and Eastern Europe, Russia and CIS. Sun, 18 Sep 2011 21:00:00 GMT http://insurance.1asig.ro/The-Yalta-International-Forum-began-on-the-19th-of-September-2011-article-2,3,100-31072.htm http://insurance.1asig.ro/Only-one-week-until-the-Motor-Insurance-Conference-Bulgaria-2011-article-2,3,100-31073.htm It remained only one week until September 27th, when Sofia will host the first edition of the Motor Insurance Conference - Bulgaria 2011, named "Cross-border Cooperation". The main subject of the event is even more important under the circumstances of the increasing number of accidents caused on Romanian territory by vehicles registered in Bulgaria and of the unclarities existent regarding the way of compensation. Sun, 18 Sep 2011 21:00:00 GMT http://insurance.1asig.ro/Only-one-week-until-the-Motor-Insurance-Conference-Bulgaria-2011-article-2,3,100-31073.htm