Archive for 'General Insurance'

Czech Republic: get insured by mobile phone

10 September 2008

Already two Czech insurance companies - Generali and Česká podnikatelská pojišťovna (ČPP) offer their clients to buy tourist insurance by means of mobile phone.
For signing the contract only the surname, name, the address and term of insurance is required. It is necessary to send SMS with specified information. Cost of the insurance will be included [...]

Foreign insurers face obstacles in China

4 September 2008

About 45 foreign insurance companies, which have united with the Chinese partners for activity in territory of the country, have collided with the rigid restrictions, established by the state on structure of joint ventures, opportunities of branches’ accommodation and the list of services, offered to clients.
The share of joint ventures makes 6 percents in the [...]

Japanese insurer Dai-ichi Mutual Life Insurance will redeem 30 % of Tower Australia Group’s shares

25 August 2008

Second insurance company Dai-ichi Mutual Life Insurance - the largest in Japan company - has agreed to get 30 % of Tower Australia Group’s shares and to enter on the Australian market of services of insurance.
The price of the transaction will presumably make 376 million Australian dollars (341 million US dollar).
Dai-ichi Mutual Life Insurance has [...]

The largest world insurer incurs losses

18 August 2008

In April-June, 2008, American International Group (AIG), the largest insurance company of the world has fixed the pure loss in $5,36 billion.
The insurer fixes huge losses the third quarter successively on a background of crisis in the real estate market of the USA, which has led to a collapse of cost of many financial actives, [...]

British have lost 100 million keys from their houses

5 August 2008

According to insurance company Sainsbury’s Home Insurance, for last years the British house owners have lost nearby 100 million of complete sets of spare keys from the houses.
About one million British proprietors of habitation recognize that they have forgotten to take away spare keys from former beloveds, cleaners, builders and even the previous tenants.
Approximately 500 [...]

Insurance company Pasa Sigorta (Azerbaijan) has won tender of Azdemiryolbank

19 July 2008

On results of corporate tender process insurance company Pasa Sigorta has been declared the winner of competitive selection to destination corporate medical insurance for Azdemiryolbank.
The contract of medical insurance of Azdemiryolbank is one of the largest bank insurance projects in the country in segment of medical insurance service and will capture the basic part of [...]

Mirax Group has opened office in Geneva

12 July 2008

In the end of June Russian building corporation Mirax Group has opened office in Geneva (Switzerland).
The office is located in historical city centre on quay Gustav-Ador, from windows of which view on the historical center of Geneva opens.
Originally the office will carry out functions of headquarters of the project of mounting skiing resort Le Village [...]

Comarch will introduce complex IT-decision in the insurance company «PZU SA»(Poland) - Comarch NonLife Insurance

29 June 2008

Comarch has signed the contract with the largest insurance company of Poland, PZU SA, on delivery and introduction of the complex IT-decision for automation of processes of financial insurance. The contract covers introduction of the author’s systems Comarch, offered by the company in the global insurance market, and also the adaptation of the given decisions [...]

AIG is suspected of mortgage swindle

9 June 2008

US adjusting bodies have started investigation against world’s largest insurance company, American International Group (AIG). It is suspected of overestimate of cost of the insurance products, connected with hypothec credits.
Securities and stock exchanges commission of the USA (SEC) conducts investigation concerning AIG. SEC suspects the company of overestimate of cost of contracts, in particular, hypothec [...]

Insurance brokers and agents

28 May 2008

In experts’ opinion, in 2008-2009 in the Ukrainian insurance market there will be many companies selling policies as intermediaries. Now in Ukraine similar structures make no more than two tens. Insurance “shops”, which are quite popular in Europe, are not represented in the country at all. The market is empty.
In experts’ opinion of the, regional [...]

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