Archive for 'General Insurance'
The largest world insurer incurs losses
18 August 2008In 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 2008According 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 2008On 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 2008In 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 2008Comarch 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 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 [...]
