News - Insurance

Meet online the Israeli insurtech startups and technologies!

On June 15, those interested to harness the capabilities of the digital solutions will have the opportunity to meet some of the most interesting Israeli insurtech startups and technologies, in a virtual meeting hosted by Kobi BENDELAK, the founder of Insurtech Israel and Prof. Klime POPOSKI, Insurance department of University St. Kliment Ohridski, Macedonia. XPRIMM support the event as Media Partner.

STATISTICS: MONTENEGRO, 1Q2020: All market players ended the first quarter "in black"

The Montenegrin insurance market increased by 12.32% y-o-y during Q1 2020 to EUR 24.80 million, as data from the Insurance Supervisions Agency shows. The non-life insurance segment accounted for EUR 20.44 million of the total GWP, up by 9.54% on the year, while the life-insurance companies expanded by 27.44% y-o-y to EUR 4.36 million.

LLOYD's appoints new President in Canada

LLOYD's announced the appointment of Marc LIPMAN as President, LLOYD's Canada, and Attorney-in-Fact (AIF) for LLOYD's Underwriters. Marc LIPMAN assumes the role of AIF from Lisa DUVAL, who stepped in last year on an interim basis and now returns to LLOYD's International Regulatory Affairs in London.

UZBEKISTAN: state share of KAFOLAT will be sold online

The state share (25%) of KAFOLAT insurance company, which is one of the TOP-5 insurers of Uzbekistan, will be sold at an online auction. The price of the share package is USD 2.2 million, as Trend informed with a reference to the State Asset Management Agency.

WEF & Zurich: We are in the midst of an historic event that will change many aspects of the world we live in

"Increasing inequality, dramatically shifting consumer behaviors and a lockdown that is having a significant toll on young people's prospects, mental health and wellbeing are highly interdependent issues which impact the global economy, geopolitics and our societies in equal measure," commented John Scott, Head of Sustainability Risk and Zurich Insurance in the WEF & Zurich Insurance Covid-19 Risk report.

TURKMENISTAN: A new draft on individual mandatory state insurance is underway

Turkmenistan is about to introduce a mandatory insurance for the passengers of all transport types, Turkmenportal informs. The corresponding draft of the latest edition of "Rules for mandatory state insurance of passengers of all types of transport and transport complex employees" was presented by Deputy Chairman of the Cabinet of Ministers, Gadyrgeldi MUSHSHIKOV, at a recent session of the government.

LATVIA: FCMC might be morphed into a Central Bank division

At the end of May 2020, the Ministry of Finance (MoF) from Latvia has submitted to the Cabinet of Ministers an assessment prepared in co-operation with the Central Bank of Latvia and the Financial and Capital Market Commission (FCMC) regarding a possible merge between the Central Bank and FCMC, planned to start in 2022 - 2023.

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