Estonian news update

A new Insurance Activities Act will be in force from 23.2018 in Estonia. This new act is done according to IDD directive and fully meets with requirements in IDD.

Estonian financial services market overview made by FSA – https://www.fi.ee/public/Estonian_financial_services_market_2017_30_06.pdf

Country News The Netherlands januari 2018

We are becoming older and older. This has consequences for the pensions. That is why the pensiondate is increasing from 67 to 68 years. The increase of the pensiondate has consequences fort the employer and employee.

[Read more…]

German News Update

In April 2017 all Eubronet partners were invited by the German member, Artus Gruppe / Friedrich Ganz, in Baden-Baden Germany. Besides exchanging information and handling customer files, there were presentations by Mark Homan / Chubb (“Casuality, Overseas General Insurance”), Roscoe Fawcett (How will the Brexit affect the UK insurance market ?), Conrad Foa (“How does the current political landscape in the US impact the US  economy and the insurance market ?”) and Markus Dolwett / AKO Artus Gruppe (“Presentation of an international prospect”).

Estonian news update

There is quiet pressure on the insurance market to increase prices
www.iizi.ee/en/quiet-pressure-insurance-market-increase-prices

Estonian insurance sector leaders joining IIZI Kindlustusmaakler
www.iizi.ee/en/estonian-insurance-sector-leaders-joining-iizi-kindlustusmaakler

[Read more…]

Take over insurance company Delta Lloyd

NNederlanden_logo
Insurancecompany Nationale Nederlanden will take over insurance company Delta Lloyd.
The transaction will be completed before juli 2017.

Country News France februari 2017

uConstruction insurance in France

The French system was designed to provide the principal with effective protection against major damage that can occur or come to light in the decade that follows completion of the building.

The decennial liability also known as ten-year guarantee was imposed in 1978 with the Spinetta Law.

[Read more…]

MAI CEE celebrated its 25th Anniversary

MAI CEE, leading independent insurance broker of Central and Eastern Europe, has celebrated its 25th Anniversary in Prague, Czech Republic in July 2016. All MAI CEE country managers, senior employees and partners from the entire Central and Eastern Europe together with MAI CEE shareholders all traveled to Prague to celebrate this milestone Anniversary.

[Read more…]

Säkra Sweden, non life operation.

Säkra will in the next two years focus even more in the segment of small and medium sized business.

Even though Säkra is presented all over Sweden there are geographically “blindspots” where certain efforts will be made to fill those gaps.

This includes an effort to grow in affinity.

[Read more…]

Key News about Estonia

March 2016, some key news about Estonia:
· From 01.01.2016 we have new Insurance Activities Act – https://www.riigiteataja.ee/en/eli/ee/Riigikogu/act/508012016001/consolide
· From 01.03.2016 Compensa Vienna Insurance Group started non-life sales in Estonia. Also IIZI started cooperation with Compensa.
· From 01.01.2016 IIZI started activly selling Life insurance and Pension products to clients. Also separated department was established for that.

No index Pension funds

NL2Pension funds will again not indexing benefits to inflation because of low interest rates.
Expecting that the largest pension fund in The Netherlands will not do indexing the next 5 years.
Discussion on reform of pension system is in full swing

Allianz expands with Aegon portofolio

NL3Aegon has sold its portofolio general business insurances business to Allianz Benelux. Aegon continues with private insurance and income protection insurance in the Netherlands. The transition means that there is a premium volume of over € 90 million to Allianz Benelux

Mullenders & Co

On January 1th, we welcomed Mullenders & co, a longtime friend and main competitor in insurance business.
This main acquisition allows the B-Safe Group to increase its global revenue by 50%.
Mullenders & co is a well-established insurance broker, founded 50 years ago, with a high level of experience particularly in the marine business.
This merger allows B-Safe to extend its range of services to clients and increases its professional image in the insurance market.

Changes in finance system long term disabled employees

NLThe system to finance the long term disabled employees will be
changed starting on 01-01-2017.

This can have a huge impact, especially for the medium sized & bigger companies. These companies have to make a reorientation about the way to finance this.
In the end there a 2 possible options. First there is the option to finance this risk in the public sector. The premiums are based on economic sectorpremiums and the experience rate of the individual company.

The other option is to choose for a policy at a insurance company.
These choices are not new, but the calculation rules are changed in order to create a more level playing field.

Remy Thiebaut almost 6 years President of Eubronet

I have had the honor to serve Eubronet as a President from October 2009 till April 2015. As always, during this period all members have been learning from each other thanks to our open discussions regarding the latest issues in our profession during our different meetings we have had in Stockholm, Prague, New York City, Amsterdam, Brussels, Istanbul and Basel. [Read more…]

New President Eubronet Dieter Schäublin

Eubronet Meeting 2015 in Basle

From the 23rd – 24th of April the Eubronet meeting 2015 took place in Basle. It was a pleasure to welcome 22 participants representing 14 Eubronet partners.

We had an interesting agenda for these 2 days.

After the News from every country, we invited Zurich Insurance for a presentation of compliance in international programs. Beeing compliant, especially in international programs, is getting more and more important. The Zurich presentation was very interesting and gave us new information how to advise our international clients effectively.

[Read more…]

A self-managed international network

Eubronet (European Brokers Network) is a further network of partner brokers which take on risk on the international stage. Launched in 1989 by the French brokerage AFCM (which has since been bought up by the brokers Verspieren), Eubronet brings together brokers from 15 European countries as well as one from the United States. These insurance firms are of very different sizes.

[Read more…]

Market news France

Read the latest market news France in this document:

Market news France

The executive management of IIZI Kindlustusmaakler AS has bought the majority holding in IIZI Group AS

iiziIIZI Group AS announces that the executive management and the key personnel of IIZI Kindlustusmaakler AS, lead by the company’s managing director Igor Fedotov, have acquired the majority holding in the IIZI Group from the previous owners. The main motivation behind the aquisition was the fact that the business activities of the IIZI Group have been divided into two— the successful start‐up Insly offers software for the global market and the market leader IIZI focuses on offering new exciting insurance mediation services. The transaction provides today’s executive management with greater possibilities for further development of the business activities within the field of insurance mediation services.

[Read more…]

MIFID

mifidMIFID is the cornerstone of the European Commission’s Financial services Action plan who will significantly change how EU financial service markets operate.
The directive’s main objectives are to increase competition and consumer protection. [Read more…]

Insurance tip on the topic of: supply chain and risk potential

1Productivity and growth are key objectives for companies. A fine and sensitive division of labour:

  • Outsourcing
  • Just-in-time processes
  • Global supply chains
  • Decentralised added value

is required in order to achieve such objectives on international markets. [Read more…]