WORLD: REVIEW OF THE MARITIME INSURANCE MARKET
Article Abstract:
The world maritime and transport insurance market is estimated at US$ 10.75bn in 1999, down compared with US$ 12.11bn in 1998. This decline is due mainly to the strong pressure on premium prices in a context of stiff international competition. The insurance market for transported goods is evaluated at US$ 6.5bn in 1999, and Europe and Asia hold 88% of the market. However, Europe's came to only US$ 3.4bn, down 13.8% form 1998, while Asia held steady with US$ 2.2bn. Japan is the principal transported goods insurance market, with US$ 1.79bn in 1999, up 2.64% from 1998. It is followed by Germany with US$ 957mn, down 18.76%; France with US$ 659mn, down 5.59%, the United States with US$ 647mn, down 19.83%; the United Kingdom with US$ 442mn, up 9.41%, and Italy with US$ 337mn, down 32.46%.
Publication Name: MOCI
Subject: Business, international
ISSN: 0026-9719
Year: 2001
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Europe: Slump in credit insurance
Article Abstract:
According to the European barometer of the Gerling Namur France group, the slump in credit insurance is continuing in France and in Western Europe. The number of damages increased in 16 of the 17 companies included in the barometer, and the number of failures rose in 12 companies during the first six months of 2001. The credit limit index dropped to 101.74 at the end of September 2001, compared with 103.8 at the end of December 2000, which confirms the market's bearish climate. The sectors which have been most affected by this slump in activity in Europe are agriculture, trade, textile-apparel, and processing industries. According to Gerling Namur, it is now impossible to forecast the changes in credit insurance for the months to come.
Publication Name: MOCI
Subject: Business, international
ISSN: 0026-9719
Year: 2001
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US: EULER PARTICIPATES IN A NETWORK
Article Abstract:
Through ACI, its American credit insurance company, Euler, the French company, is going to participate in the creation of a new electronic centre which will offer American companies a management and financing for their client work station. The Euler group will be associated with the Bank of America, Amroc Investments, and eVolution Global Partners in this centre. Other companies may ultimately participate in it.
Publication Name: MOCI
Subject: Business, international
ISSN: 0026-9719
Year: 2001
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