As reported by AIG in a statement, Chartis includes commercial and industrial insurance, general insurance operations abroad and private clients.

The total volume of premiums of the insurer in Spain last year was 180 million euros, of which 20% corresponded to activity in Catalonia, reaching a turnover of 28.8 million.

However, after introducing its new brand on the autonomy of Catalonia, Aragon and the Balearic Islands, Chartis plans to continue spreading throughout the Spanish territory.

Despite the bad situation that AIG spent last year, the new company plans to “continue the growth strategy,” the director of Chartis in Spain, Alvaro Mengotti, and does not rule “market opportunities” absorbing other insurers .

Chartis Catalonia has a team of 17 people, although he plans to “further growth” and has assured that “the benefits have become” in the second quarter of 2009, when the MNC recorded a net attributable profit of 1,270 million euros.

After intervening in a forum of the Spanish Association of Insurance Brokers (Adecose), Lozano said the provisions of the sector level “is ok” from the global point of view, but pointed to the possibility of changes in requirements provisions of the companies at the individual level.

“The quantitative aspects are reasonably well the qualitative aspects must be revised,” said when asked if insurance companies as a whole need more supplies in the wake of capital requirements with transposition of the European directive on Solvency II.

Lozano explains why the EU directive, which will probably be incorporated into the Spanish legal system and Oversight Act “places emphasis on improving risk management in analyzing the factors that affect the operational rather than the overall level of provisions.

The Solvency II directive, comparable to that of Basel II for banking, which provides the necessary capital each insurer must be based on their risk-taking and its internal control, enables institutions to opt for internal models for calculating or standard formulas.

“Not everything is quantitative aspects, if an industry has twice the capital is more likely to overcome the crisis, but capital should be profit, and you’re willing to put it is a shareholder and required his return,” he said.

Thus, he advocated finding a suitable balance between risk and return for shareholders to avoid going “in search of another industry” if the insurer raises more than necessary capital requirements at the expense of the shareholder.

INSURANCE GUARANTEE FUND.

In addition, Lozano praised the European Commission is working towards a proposal to establish a Guarantee Fund Insurance (FGS), by providing financial backing to policyholders in crisis situations.

This FGS would be similar to those that exist to ensure consumer deposits in financial institutions and be nurtured by a percentage surcharge on premiums that policyholders pay for the contracted coverage.

“Since many countries have highlighted the need for post-crisis protection mechanisms be established once the insured and the damage not only to avoid it,” said the CEO of Insurance.

In this regard, he recalled that this initiative replicated in part the operation of the Insurance Compensation Consortium (SCC) which establishes measures for improvement and alleviates the detrimental effects of bankruptcies of insurance companies on their customers.

With this project, Seguros Lagun Aro provides a technological tool to its more than 250 dealers, spread in 76 own branches, and its 500 mediators to automate your relationship with your customers. This volume of users who have access to Pivotal CRM, the project becomes one of the largest in the CRM market in Spain. Moreover, the project is linked to the current expansion plan and the company’s growth throughout Spain. Lagun Aro currently has over 350,000 customers. The insurer has in place a Strategic Plan which aims to double that figure over the next two years.

Due to bad weather, destroyed the field advanced, poor forecasting and issuing licenses to expire, Edurne and his expedition decided yesterday to abandon the assault on what would be his thirteenth eight thousand.
Now more than ever Seguros Lagun Aro continue showing their full support in his challenge 14 x 8,000. Within Edurne sponsorship campaign, the company has set up a website: www.siaedurne.com where, among other options, users can participate in the competition for a weekend cottage in the mountaineer in Zizurkil (Guipúzcoa ). Just have to send their messages of support for Edurne and, through an application of Augmented Reality, feel in the palm of his hand the 3D Shishapangma.
Mountaineer herself thanked all these expressions of support received and has said he will continue his project with the same enthusiasm and support of its advocates.

After intervening in a forum of the Spanish Association of Insurance Brokers (Adecose), Lozano said the provisions of the sector level “is ok” from the global point of view, but pointed to the possibility of changes in requirements provisions of the companies at the individual level.

“The quantitative aspects are reasonably well the qualitative aspects must be revised,” said when asked if insurance companies as a whole need more supplies in the wake of capital requirements with transposition of the European directive on Solvency II.

Lozano explains why the EU directive, which will probably be incorporated into the Spanish legal system and Oversight Act “places emphasis on improving risk management in analyzing the factors that affect the operational rather than the overall level of provisions.

The Solvency II directive, comparable to that of Basel II for banking, which provides the necessary capital each insurer must be based on their risk-taking and its internal control, enables institutions to opt for internal models for calculating or standard formulas.

“Not everything is quantitative aspects, if an industry has twice the capital is more likely to overcome the crisis, but capital should be profit, and you’re willing to put it is a shareholder and required his return,” he said.

Thus, he advocated finding a suitable balance between risk and return for shareholders to avoid going “in search of another industry” if the insurer raises more than necessary capital requirements at the expense of the shareholder.

INSURANCE GUARANTEE FUND.

In addition, Lozano praised the European Commission is working towards a proposal to establish a Guarantee Fund Insurance (FGS), by providing financial backing to policyholders in crisis situations.

This FGS would be similar to those that exist to ensure consumer deposits in financial institutions and be nurtured by a percentage surcharge on premiums that policyholders pay for the contracted coverage.

“Since many countries have highlighted the need for post-crisis protection mechanisms be established once the insured and the damage not only to avoid it,” said the CEO of Insurance.

In this regard, he recalled that this initiative replicated in part the operation of the Insurance Compensation Consortium (SCC) which establishes measures for improvement and alleviates the detrimental effects of bankruptcies of insurance companies on their customers.

In today’s traffic conditions, the rear-end collisions are a common type of accident, especially in urban areas. They usually occur between 15 and 50 mph, traffic lights for example. In such a collision, the seat speeds between 7 and 25 km / h in just one tenth of a second. If his head whipped violently backwards instead of staying properly aligned with the thorax, the passenger often suffers from an injury like whiplash, which frequently requires a long and expensive therapy. Insurers estimate that the annual cost of such injuries in Germany exceeds 500 million euros (about $ 765 million).

Passengers on an Audi are safer when such collisions
The seats and headrests are designed specifically to address the rear shock. The shape of the folder structure, a strong back cushion and a layer of cushioning foam allow the back to sink slightly into the file so that the head is caught for a moment before by the strong support behind her head. In cases of severe rear impact, seat belt pretensioners of A4, A5 and Q5 are released in order to optimize the position of passengers.

Most Audi models use a system of integral headrests. The brand has already received a grade of “good” during independent testing, including the prestigious International Insurance Whiplash Prevention Group (IIWPG) who specializes in the prevention of lashes. The German automobile association ADAC and magazines have reached similar conclusions, as the Insurance Institute for Highway Safety (IIHS) in the United States.

Among road accidents more serious the collision remains the type of accident most common, accounting for 50% of all accidents.

Fortunately, the collisions are not the most dangerous, because the deformation zones, steering systems, steering columns, seat belts and airbags have greatly reduced the risk of injury. But Audi is not content with existing solutions and has developed an adaptive restraint system for models A4, A5 and Q5. It offers the best possible protection for passengers of different sizes, but more importantly, it greatly reduces the severity of injuries to passengers smaller and lighter. The Audi engineers have given the subsystems to each other to create an innovative network of high precision. In their work, they also used the results of crash tests performed by the home AARU (Audi Accident Research Unit, see Audi Technology ABC).

The rails of the front seats are equipped with sensors that determine if the seat is positioned forward or rearward. These data enter into the calculations of the restraint system. Because the computer knows the approximate position of the passenger against the airbag, it can ensure the optimal use of space travel before – the distance in which the upper body is slowed down by the belt and airbag – greatly reducing the effect of shock.

The functioning of adaptive airbags for the current Audi range is based on a new strategy of phased deployment. Airbags, a volume of 64 liters left and 120 liters right unfold differently than those of a traditional two-step: they deployed first ever fully to slow rapidly passengers. However, if the shock is not violent, or when a person (usually smaller than average) sits near the airbag, a pit lower restraint enough. In both cases, part of the volume of air is expelled through the valve using special: the airbag softens and intercepts the head and thorax more slowly. When a violent accident, by cons, or when large passengers are seated farther airbags, valves remain closed longer, and the airbag exerts its maximum holding force.

The force limiters safety belts are also flexible. In this subsystem, two small torsion bars are connected by toothed wheels. For those smaller and lighter, the torsion bars are immediately disengaged. The belt is thus less tense, allowing the upper torso sinking into the airbag, which reduces the load on the chest. In case of severe accidents, the torsion bars are disengaged later or not at all, increasing the holding force of the belt.

The IIHS recently awarded the mention of “Top Safety Pick” in no fewer than four Audi models for the second time running for their high degree of safety. And in the Euro NCAP tests, the Audi A4 achieved the highest rating, five stars.

Also, two magnetic cards, called Emergency Health Pharmacy and Excel, will now facilitate the access of medical care and the acquisition of drug company employees. Employees, physical or mental disabilities or those who have lost or changed their jobs are no exception. Beneficial Insurance has opened the Medis solution to protect their income. In addition, the company that wants to offer citizens the option Protexxa more for the payment of invoices housing, water, electricity, telephone or even travel expenses of employees in case of job loss or disability. So many innovative products that, according to Robert Nkili, must be seen as “a broad social protection of workers.” The Minister congratulated Eddie F. Brown, CEO of Beneficial Insurance, “for his managerial vision futuristic and avant-garde” and announced that the texts to regulate and bring these social innovations have already been developed. These texts revisit among other illnesses and they are 44 to 99. According to Robert Nkili, these texts are “modernize the health and welfare of workers.”

The Innovation Day of Beneficial Insurance then deported in the afternoon at the company headquarters in Douala, where some thirty employees received from the hands of the Minister of medals of honor to work, to reward merit and their long commitment to developing their business.

Reactions

Louis Somber

Secretary General of CSAC

“This proposed Beneficial Insurance is innovative”

Regarding innovations, social security, health insurance was not covered in Cameroon. Among the nine social security schemes, Cameroon did not cover the unemployment scheme and sickness scheme. These schemes are generally covered by insurance. This suggests that Beneficial Insurance today is innovative and can meet our appreciation.

Daniel Dissakè

IFC bank of Beneficial Life Insurance

“We clear the new homes market ‘

Innovative products have been designed primarily for employees, and then business. I think in the insurance market in Cameroon there is still this kind of product that we’re here because of our studies and our research currently bring our customers and clearing new homes market as other did not and then attract the rest of the insurance companies to develop these markets to end the insurance industry in Cameroon.

By acquiring the participation of 97.57% of AIG in the third group of island life, the consortium has secured the maintenance for two years of the brand, employee benefits group and organizational network of agents. He also indicated that current management will remain in place.

Founded in 1963, Nan Shan manages a portfolio of four million customers served by approximately 4 000 group employees and 34 000 staff.

“We are pleased to have found a buyer who shares our confidence in the future, Nan Shan, which has pledged to continue the commitment of this company towards its customers, agents and employees,” said in a statement Robert Benmosche, who is head of AIG. Strongly affected by the financial crisis, the U.S. insurer, recently nationalized sought since the beginning of August to sell its Taiwanese subsidiary to provide funds for his own recovery.

Primus, created last April with a capital of 1 billion U.S. dollars, was one of the four consortia vying for the resumption of Nan Shan, the others are Cathay Financial, Chinatrust Financial and Fubon Financial. Robert Morse, president of Primus, announced yesterday that they would make the insurer a leading Taiwanese financial services in Asia, particularly in the Chinese world.

The sale of Nan Shan has yet to be approved here by the regulatory authorities. The Committee on Investment of the Ministry of Economy will check the ownership structure of the selected buyer to ensure that it is not controlled by Chinese capital, said yesterday Fan-dong Lang, Secretary Executive Committee on Financial Supervision. The latter will have the final responsibility to authorize or prohibit the transaction. Under current legislation, a company whose shares are held in more than 30% of Chinese investors is regarded as China and can invest in the financial sector island.

Fraser J. Martin clearly suggests that the MFA has played poorly his role in this affair, which dates back to 2005.

In January 2006, the regulatory agency has filed 56 charges against Sovereign and has called for fines totaling $ 560 000 for demonstrating complicity in insurance transactions it deemed non-compliant.

In fact, MFA Sovereign criticized for allowing Flanders Insurance Management and Administrative Services, a firm not registered in Manitoba, Quebec, to issue insurance policies to protect the stocks of several recreational vehicle dealers in Quebec.

In April 2005, the MFA has written Sovereign asking for details about the transactions in question. The insurer said in June that they did not pose, in his view, compliance problems. The MFA has never answered this letter, suggesting that explanations of Sovereign had met. However, charges have yet followed, for actions taken in August 2005.

The regulatory body “should not be perceived as someone who looks hidden in the bushes ready to pounce, so to speak, once it is satisfied that the crimes were committed,” wrote Judge Martin in his decision of October 6.

“The regulatory body is not, after all, a” magician “who works for the Ministry of Finance,” said the magistrate, scathing.

The court thus overturned the ruling in November 2008 by the Quebec Court, which condemned Sovereign to pay fines of $ 560 000. The insurer is part of Co-operators, whose headquarters is located in Guelph, Ontario.

Ironically, Flanders has pleaded guilty in 2007 to 210 counts related to having acted as a firm without being registered in this case and was sentenced to pay fines totaling $ 210 000.

A spokesman for AMF, Sylvain Théberge, said the agency was “not agree” with the ruling and was studying the possibility to appeal.

The ruling comes as Martin MFA and its predecessor, the Securities Commission of Quebec, are severely taken to task for their role in the scandal Norbourg, which has lost about $ 130 million to more than 9,000 investors.