Russia
Consumers see insurance as essential not discretionary spend
When it comes to reducing expenses, European consumers are cutting back on discretionary areas such as dining out, holidays and clothing, but still see insurance as essential.
Allianz CEO urges insurers to embrace Russian market
The rapid development of compulsory insurance in Russia provides a huge opportunity for foreign insurers, according to Hakan Danielsson, chief executive of IC Allianz Russia.
Willis Q3 results hit by disposal of Indian operation and JV settlement
Willis has revealed that its third-quarter net income was hit by an $11m charge related to a settlement with a former joint venture partner in India and the related $1m loss on disposal of the India operations.
BrokersLink adds 13 new members
BrokersLink today announced the addition of 13 new members at its fourth annual conference in Madrid.
Q&A with Fiona Le Poidevin, Guernsey Finance
After taking over from Peter Niven in July, Fiona Le Poidevin is just three months into her role as chief executive of Guernsey Finance, the promotional agency for the island of Guernsey. She spoke to Francesca Nyman about raising Guernsey's profile, the…
Major events in the Russian insurance market in Q3 2012
Highlights for the Russian insurance market for Q3 include another failed auction attempt for Yugoria, insurance company results and a look at the top insurers for client complaints. Paul Koshik reports.
European floods: keeping the funds flowing
Floods are an on-going threat for Europe, yet the approach to insuring and recovering from them is wide and varied. Francesca Nyman investigates how Europe is tackling the issue and what the future is likely to bring.
Third-party motor penetration reaches 90% in Russia
Third-party motor liability gross premiums written by Russian insurers in 2011 reached RUB106bn (€2.61bn), a 15.2% increase on the year before, according to Russia's Motor Insurers' Association.
Q&A with Chartis' Robert Schimek and Peter Csakvari
As the Russian insurance market continues to attract worldwide interest, Insurance Insight spoke to Rob Schimek, president of Chartis EMEA, and Peter Csakvari, general manager of Chartis Russia, about the potential in the Russian insurance market,…
Russian insurers agree to follow Acord standards
A number of Russian insurers have agreed to work together to implement the standards of global non-profit research operation, the Association for Cooperative Operations Research and Development.
Russia's WTO entry offers hope to foreign insurers
Russia’s entry to the World Trade Organisation on 22 August is likely to have a significant impact on the insurance market, according to broker Willis.
Vienna Insurance Group offloads Russian interests
Vienna Insurance Group has completed the previously announced sale of its stakes in three Russian insurance companies.
Allianz, Generali and Munich Re dominate as European travel insurance market prospers
European markets for travel insurance and assistance continue to flourish with Allianz, Generali and Munich Re heading the market.
Russia and Romania travel insurance markets thrive in economic crisis
Travel insurance in Russia, Romania and Turkey boomed between 2008 and 2012, despite the Eurozone crisis, while the UK and Ireland saw foreign travel decline, new research has revealed.
VTB Insurance's rating confirmed at BBB-
Russian insurer VTB Insurance's financial strength rating has been confirmed at BBB- and its national IFS rating at AA+(rus). The outlooks are stable.
Top five European news stories
The top five European stories from www.insuranceinsight.com over the past seven days.
Analysis: Major events in the Russian insurance market in Q2 2012
Highlights for the Russian insurance market for Q2 include a number of important personnel reshuffles, several companies being sold and problems with a high roller. Paul Koshik reports.
Generali acquires Region in Russia
Generali PPF Holding has bought 100% of the shares in insurance public stock company Region.
Flash floods in Russia kill 170 and cause severe damage
At least 170 people were killed when flash floods hit the Krasnodar region of southern Russia on 6 July after excessive rainfall.
Russian insurance market sees 'radical' changes
The Russian insurance sector is still young but is radically changing despite being fraught with challenges, according to a new report.
Vienna Insurance committed to CEE, but no return to Russia in the pipeline
Vienna Insurance Group's new chief has reiterated the firm's commitment to investing in central and eastern Europe.
Mutual insurer Standard Club exposes Russian weapons consignment
The Standard Club has helped to uncover a ship reportedly carrying refurbished attack helicopters from Russia to Syria.
Fitch affirms Rossiya ratings after restoration of motor licence
Fitch Ratings has affirmed OJSC Rossiya Insurance Company's insurer financial strength at 'B-' and national IFS rating at 'BB-' and removed them from rating watch negative.
Russia struggles to impose compulsory hazardous objects cover
It is almost five months since the new compulsory hazardous objects liability insurance came into force in Russia, and it has faced significant challenges to date.