2011, the PRIMM Publications hold the presidency of PIA
(Presse Internationale des Assurance)
In addition to numerous conferences dedicated to the operators
from the insurance, reinsurance and private pension markets,
the 14th edition of the International Insurance-Reinsurance
Forum, FIAR 2011, hosted the General Assembly of PIA - Presse
Internationale des Assurances, the international association
of insurance journalists.
Romanian event offered by ASTRA Asigurari
For the seventh year in a row, ASTRA Asigurari, Official Partner
of FIAR - the International Insurance-Reinsurance Forum and
also the most important company with Romanian capital on the
national insurance market, offered the Romanian Evening, a
special event meant to bring the Romanian traditions closer
to the international business environment.
Asigurari de Viata: A successful bancassurance service
must be apparently simple, but sophisticatedly built
"For our company, the bancassurance channel has been a driver for success, the
development of which has taken into account the results of some in-depth surveys
on the changes that have occurred in the last years in the customers' behavior
and needs, so that the developed products meet real needs", stated Florina VIZINTEANU,
President of the Directorate, BCR Asigurari de Viata - VIG.
Life: Success in bancassurance is a matter of commitment
and involvement of both partners
"Bancassurance is a sophisticated and demanding model
that requires high standards of professionalism and uses the
most important qualities of the banking partner and the insurer",
stated Silvia SIRB, CEO, AEGON Asigurari de Viata. "The bank's
commitment to the success of the partnership, at all levels,
but above all at top management level, is essential for the
success in bancassurance", she emphasized.
winning formula means selecting the optimum bancassurance
model and shifting from pure distribution to underwriting
The current concerns in bancassurance relate to adjusting to
the increasing number of regulatory changes and the responding
to the changes in risk appetite and capital requirements, stated
Romeo JANTEA, Managing Partner, INSURANCE Training & Consulting.
The optimum bancassurance model must also be selected in order
to enable the shift from pure distribution to underwriting
and find an appropriate answer to the insurance demand of bank
A quarter of the Romanians want to buy life insurance in
the near future
According to the most recent MEDNET survey conducted in partnership
with Media XPRIMM and called "Life insurance facing the economic
crisis", 24.8% of the Bucharest inhabitants and 25.4% of the
population living in the rest of the country plan to buy life
insurance in the future.
In 2010, in the capital city, 26.3% of the persons who said
they would buy life insurance plan to do this within the next
six months, while 65.7% plan to buy life insurance in more
than one year. Also, the inhabitants of Bucharest are ready
to pay around RON 943/year for such a product.
systems for the insurance industry, analyzed at FIAR 2011
"We are talking about a market that experiences an involution and where the level
of premiums is worrying for some companies, a concern mitigated by reserves and
margins. The claims rate increase adds to it. We have three systems on the market
that help us avoid human error and control claims", stated Ionel DIMA, Vice-President
of AVUS Group, at the opening of the MOTOR INSURANCE DAY conference - FIAR 2011.
XPRIMM Survey: Electronic systems for vehicle repairs estimates
According to a survey conducted for the very first time by
Media XPRIMM with regard to electronic systems for vehicle
repair estimates in Romania, presented at FIAR 2011, insurance
companies often made the decision about implementing the IT
systems at local level.
It is worth noting that electronic systems came on the Romanian
insurance market in 2005, when the AUDATEX and ALLIANZ-TIRIAC
partnership was established.
Information technology reduces human error and enhances
Speaking about IT solutions, Mrs. Aurica DOINA, Vice President
of CNPF, stated at the MOTOR INSURANCE DAY - FIAR 2011 that "these
solutions could avoid most human errors in assessing claims
files and help streamline the activity".
A law that allows owners to refuse the repair is being
"A law that allows owners of repaired vehicles to refuse the respective repairs
in case they are not satisfied is now being prepared. ANSDAR established an arbitrage
and mediation chamber and we are already prepared to settle such potential cases",
stated Maria BOGHIAN, President of ANSDAR, at FIAR 2011.
| THE EDITORIAL STAFF:|
COSTACHE CEO: Adriana
Business Development Director: Alexandru
Editor in Chief: Mihaela
Scientific Advisor: Daniela
International Column Coordinator: Andreea
Senior Editors: Vlad
PANCIU, Oleg DORONCEANU
BOLDIJAR, Oana RADU, Mihai CRACEA, Andreea STATE
Junior Editor: Dora
ALECU, Olesea SERGHIESCU
Accounts Manager: Georgiana
IT Department: Octavian
GRIGOR, Dorin PALADE, Cosmin ARMASESCU
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