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BREAKING NEWS
LATVIA: Life insurance continues to lose ground
by daniela.ghetu@mxp.ro, 2012-09-21
Latvian insurance market ended the first half of 2012 with a modest y-o-y increase of 1.25% in terms of gross written premiums, which amounted EUR 177.42 million. Yet, the life insurance sector maintained a negative trend, the overall business on life insurance lines shrinking by almost 17%, to EUR 12.97 million. The agregated positive trend of the market was driven by the 3% growth registered on the non-life segment, which totaled GWP of EUR 164.45 million.
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MACEDONIAN insurers GWP grew by 7.3% in Q1
by vlad.boldijar@mxp.ro, 2012-09-21
Macedonian insurance companies posted combined gross written premiums of MKD 1.71 billion (EUR 27.7 million) in 1Q2012, up from MKD 1.59 billion a year earlier, Insurance Supervision Agency figures indicated. Non-life insurance premiums accounted for 93.5% of the total insurance premiums (MKD 1.60 billion), while life insurance segment accounted for the remainder (MKD 110 million).
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SLASPO: SLOVAK market posts 0.9% growth in 1H2012
by vlad.boldijar@mxp.ro, 2012-09-21
The Slovak insurance market grew 0.9% in the first six months of 2012, according to industries figures published by SLASPO (Slovak Insurance Association). The value of premiums amounted to EUR 1.09 billion in 1H2012, up EUR 9.5 million in absolute value, compared to January-June 2011.
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YALTA INTERNATIONAL FORUM REVIEW
UNITY Re: EUR 3.1 billion - premiums ceded for reinsurance from the ex Soviet countries in 2011
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SCOR: Inflation, one of the most challenging issues for insurers and reinsurers
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Latin America, Asia and Africa - the most interesting targets for reinsurers
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UKRAINE: Only 86% of the vehicles coveres by a MTPL policy
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UKRAINE: 15% growth in assets in 1H2012 and stagnant GWP
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RUSSIA: Double digit growth rates in 1H2012 and 2011 made MTPL the market driver
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RUSSIA: Mandatory liability insurance for carriers will be enforced in 2013
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UKRAINE: First day of the International Yalta Finance Forum 2012
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UKRAINE: Steady GWP evolution and decrease in paid claims in 2011
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UKRAINE: 26.2% of the local insurers are owned by foreign investors
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INTERVIEW
Mikhail I. BULAVKIN
General Manager
Republican Unitary Enterprise "Belarusian National Reinsurance Organization"

The results of 2012 indicate the restoration of the national economy of the Republic of Belarus and it should be noted that at present an important direction of development of the national economy is to raise foreign investments. This is manifested in the construction of roads, industrial buildings, hotels, social, cultural and household facilities. In their turn, such risks require insurance and reinsurance coverage.
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STATISTIC UPDATES
Latvia 1H2012
Macedonia 1H2012
Slovakia 1H2012

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General Insurance Forum
October 9th-10th, 2012
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October 11th-12th, 2012
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International Istanbul Insurance Conference
October 4th-5th, 2012
Istanbul
Organizer: Istanbul Underwriting Center
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