Turkey offers potential as an emerging insurance market but has it lived up to its billing? Evrim Koksal Arkut, Chris Halliday and Andy Staudt explain.
Traditionally political risk has been seen as an insurance product designed to protect businesses operating in the emerging markets and politically volatile areas of Asia, Africa and Latin America.
French insurance group Axa saw net income fall to €2.6bn from €4.0bn in the first half of 2012 owing to a non-repeat of the exceptional gains on disposals in 2011.
With all the turmoil across the Eurozone and with regulatory upheaval ahead, it seems it could be an interesting time for the bancassurance market, as Jakki May reports.
Assicurazioni Generali reported net impairment losses of €824m in the first nine months of 2011, €329m of which was related to Greek bonds.
Insurance Insight’s weekly update is live with an article the biggest man-made disaster in Cypriot history; and a blog on why more education is needed in the Middle East.
In July Cyprus saw its largest insurance loss caused by man and despite doubts as to its quality the insurance industry stood tall according to Konstantinos Dekatris.
The European Union is currently consulting on natural catastrophes. Vic Wyman reports on the part the insurance industry has to play.
Leading insurers across Europe have been told that manageable exposure to Greek government bonds will mean they will not be downgraded if they accept the EU's offer of a 50% haircut in return for new debt, according to Fitch Rating.
Trade credit insurer Coface has reduced its 2011 forecasts for much of Europe following a deterioration of the average strength of companies.
The Greek sovereign debt crisis has raised questions about insurers’ investment portfolios and the ratings they attract because of this. Jakki May explains why brokers should be aware of the issue to provide the best service to their customers.
The efforts of any one organisation can often be enhanced by the cooperation of another.
AM Best Europe has affirmed the financial strength rating of Milli Reasurans Turk Anonim Sirketi (Milli Re) (Turkey) at B++ (Good) and the issuer credit rating of “bbb”. The outlook for both ratings is stable.
Despite a slowdown compared with 2010, Coface is expecting the steady pace of growth of emerging countries to continue, forecasting their economies to grow at 5.7%, in 2011.
New entrants are popping up in the European marine market on a regular basis yet report say rates are softening as there is over capacity. Jakki May takes a look at the market to assess what the real state of play is.