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NEWS ALERT
June 24th, 2014
 
 
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Statistics
AZERBAIJAN: 1Q2014 was marked by a 15.37% growth of the local insurance market
by olesea.adonev@mxp.ro, 2014-06-24
In 1Q2014, the insurance market of Azerbaijan totaled AZN 117.94 million, marking an increase rate of 15.37% in local currency, while the claims payments amounted to AZN 28.57 million (12.49% up), according to data presented by the Ministry of Finance of the Republic of Azerbaijan. Due the exchange rate variations, in European currency, the insurance market increased by 7.72%, to EUR 109.39 million.
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KAZAKHSTAN: Life segment down by 63.10%
by olesea.adonev@mxp.ro, 2014-06-24
The Kazakh insurance companies ended 1Q2014 with a 14.27% decrease in gross written premiums, to KZT 66,710.15 million, as compared with KZT 77,812.10 million a year before. In the reporting period, claims paid by the insurers amounted to KZT 16,333.38 million, up by 16.17%, as reported by the Regulation and Supervision Authority for Financial Markets and Financial Organizations.
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MOLDOVAN insurers 1Q2014 GWP up by 10%
by vlad.boldijar@mxp.ro, 2014-06-24
The Moldovan insurance market reported for January-March 2014 - gross written premiums of MDL 255 million, up 10% y-o-y, according to the preliminary figures published by the market authority - National Commission of the Financial Market. In European currency - due the devaluation of Moldovan leu against the euro, the insurance market reported a decline of 3.5% y-o-y, to almost EUR 14 million.
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BELARUS, 1Q2014: Market declined by 6.53% y-o-y
by olesea.adonev@mxp.ro, 2014-06-24
In 1Q2014 Belarusian insurers received insurance premiums for direct insurance and coinsurance in the amount of BYR 1,634,767.48 million, 6.53% less as compared with January-March 2013. The total value of claims paid by the insurance companies during January- March 2014 period reached BYR 712,026.13 million or EUR 52.47 million.
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22% increase for the UZBEK insurers' business in the first quarter
by vlad.boldijar@mxp.ro, 2014-06-24
Uzbek insurers reported an increase of 21.8% in GWP for the first quarter of this year, as compared with the same period in 2013. Thus gross written premiums amounted to UZS 109 billion (or ~EUR 35 million) according to the quarterly market report, recently released by the Ministry of Finance of the Republic of Uzbekistan. The value of paid claims totaled UZS 12.7 billion (~EUR 4 million), or 6.1% less y-o-y.
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GEORGIAN insurance market down 20% y-o-y in Q1, driven by the poor performance of the A&H segments
by vlad.boldijar@mxp.ro, 2014-06-24
In Q1 2014, the Georgian insurance market decreased by 20% y-o-y in local currency to GEL 88.5 million, according to data published by the Insurance Supervisory Office - ISO. Due to the exchange rate variations, in European currency, the insurance market decreased by ~29%, to EUR 36.9 million.
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