Archive for 'General Insurance'
AIG is suspected of mortgage swindle
9 June 2008US 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 2008In 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 [...]
QBE has raised the offer on purchase of Insurance Australia Group for 8,3 billion dollars
19 May 2008The largest national insurer on insurance gathering QBE Insurance Group Ltd. has raised the offer on purchase of the competitor - insurance company Insurance Australia Group Ltd. (IAG) - for 8,7 billion Australian dollars (8,3 billion US dollar). Now QBE offers 0,145 of their shares and 0,9 of Australian dollars (0,86 US dollars) cash for [...]
Insurance risk-management in the countries with transitive economy (Part 2)
17 May 2008In conditions of uncertainty of the future essential value is got with ways by means of which economic life participants adapt to this uncertainty, try to eliminate its negative influence on the processes occurring in the market.
Experience shows, that now compulsion of consumers of insurance services through introduction of obligatory kinds of insurance to the [...]
Insurance risk-management in the countries with transitive economy
12 May 2008Problems of insurance risk-management development in the Russian conditions draw attention of scientific researchers and statutory acts’ and insurance conceptual documents’ developers. The given material represents attempt to consider a problem insurance risk-management on the basis of experience of Russia and the CIS countries.
During the “Soviet” stage of the development the insurance market in territory [...]
Insurance group “Uralsib” will be sold to foreigners
4 May 2008Financial Corporation “Uralsib” searches for the insurance business buyer - insurance group “Uralsib” is to be sold out soon.
Insurance group “Uralsib” prepares for sale and offers have been sent to several potential investors - to the largest foreign insurers. Former top-manager of insurance block “Uralsib” has told about it today.
Swiss financial group Zurich Financial Services [...]
Chinese insurance companies invest $39 billion in the foreign share markets
20 April 2008Chinese insurance companies are ready to invest in foreign securities more than 300 billion yuans ($39,5 billion) after reception of the corresponding sanction from the government of the country. According to the new rules of investment for the insurance companies, which is to come into force on July, 25th, the limiting size of a share [...]
Insurance market has passed a boundary
11 April 2008Foreign brokers can work without representations
Yesterday the parliament has resolved insurance and reinsurance brokers-non-residents to render services, not opening representation in Ukraine, and only in writing notifying about the plans. Experts consider that new rules will considerably simplify work to the foreign companies and will allow Ukrainian insurers to enter easier international markets owing to [...]
Space risks insurance market (Part 2)
4 April 2008In September, 1984, in result of supernumerary work of a step «Centaur» of BR «Atlas-Centaur» “Intelsat F-9″ was lost. The sum of insurance compensation has made 102 billion dollars.
Thus, within 1984 three insured SVs were lost. Four SVs were lost in 1985 and three of them were insured. SV «Syncom IV-3» has not been put [...]
Space risks insurance market (Part 1)
31 March 2008Today space risks insurance Market is one of the most interesting and technically complex markets, from the point of view of an estimation of insurance risk and the organization of insurance, segments of the insurance market.
1. Historical retrospective
The industry of space risks insurance has been created in the middle of 60th years XX century, when [...]
