The 2021 edition of the Insurance in the DIGITAL World Conference:
"DIGITALIZATION between ups and .... Traps
" has started and is LIVE on our YouTube channel
. Several top-notch speakers deliver their presentations.
Starting with February 2021, Paul Cazacu takes over the position of CEO - President of the UNIQA Insurance Directorate.
Through the exclusive partnership between Willis Towers Watson and Liberty Specialty Markets, the Reputational Crisis Insurance has been developed as a solution for organizations to transfer the financial risk associated with certain types of reputational crises.
Aviva has approved the sale of its French Business for EUR 3.2 billion in cash to Aema Groupe in order to follow its strategic transformation and focus on the strongest businesses in the UK, Ireland and Canada.
Insurance Europe considers that the European Commission's proposal for a Digital Operational Resilience Act (DORA) for the financial sector is an important step considering the efforts to boost the cyber resilience of all sectors of the economy, including insurance.
"Today more than ever, in an unprecedented context, the Generali Group intends to build a shared and sustainable vision for the future of all stakeholders", declared the Chairman of Assicurazioni Generali, Gabriele Galateri di Genola.
With an increase in gross written premiums to EUR 16,368 million in 2020, SCOR passes the real-life Covid-19 stress test demonstrating its resilience. The net income of EUR 234 million reflects the cost of Covid-19 and the annualized return on equity (ROE) stands at 3.8%.
The Turkish insurance industry grew by 19.26% y-o-y in 2020 reporting of TRY 82.57 billion compared to 2019, announced the Turkey Insurance Association (TSB).
Last year, the Lithuaian insurance market totalled EUR 954.87 million, which is 0.95% up, compared to 2019 results, as the figures published by the local insurance market regulator - The Lithuanian Central Bank - showed.
According to the year-end market figures published by HAIC - the Hellenic Association of Insurance Companies, the Greek insurance market totaled EUR 3.92 billion at the end of 2020, down by 3.7% y-o-y.
The FY 2020 results take into consideration 51 HAIC members, of which 19 were active in life insurance (99.9% market share of FY 2019 life GWP) and 43 were active in the Non-life insurance (94.9% market share).
Last year, the Estonian insurance market posted aggregate GWP worth of EUR 468.86 million, 5% down compared with the previous year, according to FY2020 market figures published by the Estonian National Statistics Board.
According to preliminary data released by CAP - the Czech Insurance Association, at the end of 2020, the GWP generated by the CAP members totaled CZK 141.21 billion (EUR 5.38 billion), up by 3.61% y-o-y.
Insurance Europe has published its response to a consultation by the European Insurance and Occupational Pensions Authority (EIOPA) on its statement on supervisory practices and expectations in the case of an insurer breaching its solvency capital requirement (SCR).
The insurance sector of Uzbekistan ended 2020 with a 4.50% GWP drop y-o-y (in local currency). Total amount decreased to UZS 2,209.67 billion (EUR 172.82 million*), according to data published by the Ministry of Finance of the Republic.
Laszlo SEBESTYEN, the President of the largest Hungarian brokers' association (FBAMSZ - Hungarian Association of Independent Insurance Brokers) was given a mandate for another two years, informed Biztosito Magazin
Volante Global a multi-class and multi-territory international managing general agent (MGA) platform, has launched an innovative cyber ransomware solution, Cyber Lockout, that combines ransomware insurance cover with the latest in cyber security technology.
According to a report issued by KPMG for the Association of British Insurers (ABI), the Post-Brexit reforms to financial regulations could boost the UK economy and support the fight against climate change if refinements are made to Solvency II following the UK's departure from the EU.
The UK insurance market has to pay up to GBP 2.5 billion for COVID-19 insurance claims incurred in 2020, as the Association of British Insurers has announced in a press release. ABI members consider that GBP 2 billion are due to COVID-19 business interruption claims.
TAS insurance group, whose insurers are among the TOP-3 companies in the non-life and life insurance sectors of Ukraine, in January 2021 increased its total GWP by 22.4% y-o-y, to UAH 252.4 million (~EUR 7.39 million*), Forinshurer reports
Alexander ZALETOV headed the department for supervision of financial companies at the Department for supervision of non-banking financial services at the National Bank of Ukraine, Forinshurer said