News - Insurance
SCOR appoints Myriam Moufakkir as Chief Business Transformation Officer
SCOR announced the appointment of Myriam Moufakkir as SCOR Global P&C's new Chief Business Transformation Officer. She will be reporting to Jean-Paul Conoscente, CEO of SCOR Global P&C.
10 November 2020EIOPA: Risk exposures of the EU insurance sector slightly reduced compared to July risk assessment
The European Insurance and Occupational Pensions Authority (EIOPA) published its updated Risk Dashboard based on the second quarter of 2020 Solvency II data, the results showing that the risk exposures of the European Union insurance sector slightly reduced, compared to July risk assessment.
10 November 2020RUSSIA: SBERBANK Insurance has entered into an obligatory agricultural risk reinsurance agreement
SBERBANK Insurance has entered into an obligatory reinsurance agreement of agricultural risks. The coverage extends to insurance of crops and perennial plantations, as well as livestock, the insurer said.
10 November 2020The 7.0-magnitude earthquake of October 30th, designated as catastrophe by PCS Turkey
The 7.0-magnitude earthquake that struck the Aegean Sea between the Turkish coast and the Greek island of Samos, strongly affecting the Izmir region of Turkey has been designated as a catastrophe event by Property Claim Services (PCS), a division of Verisk Analytics, Artemis reported.
10 November 2020Sava Re has cancelled General Meeting of shareholders and temporarily suspended the distribution of dividends
Sava Re led has announced on 6 November that the notice of the 37th general meeting which was scheduled for 16 November 2020 is called off due to new circumstances and risks that arose in some markets after the outbreak of the second wave of the pandemic, the company announced in a press release.
10 November 2020XPRIMM's Motor Insurance Report has been launched during the latest episode of XPRIMM TIME FOR BUSINESS
The most recent international edition of the show XPRIMM Time for Business has focused on the motor insurance in Europe and announced the launch of the latest number of Motor Insurance Report, now available in digital format.
9 November 2020Vienna Insurance Group established its own assistance company in the Baltics
Vienna Insurance Group (VIG) announced the establishment of Global Assistance Baltic, continuing to expand its own service companies. The group's own assistance services will now be used in ten countries.
9 November 2020SCOR reports net income of EUR 135 million at the end of September 2020
SCOR ended the first nine months of 2020 with a net income of EUR 135 million, 66.3% lower year-on-year. The third quarter's net income was EUR 109 million, 5.2% lower than the third quarter of 2019.
9 November 2020SCOR appoints Adrien Couret as a Board Director
SCOR announced the decision of its Board of Directors, which met on November 5, 2020, to co-opt Adrien Couret, Chief Executive Officer of the Macif group, as a Director. This decision follows Jean-Marc Raby's resignation from the SCOR Board to pursue other interests.
9 November 2020MetLife named Pawan Verma as Chief Information Officer
MetLife announced that Pawan Verma will join the company as Executive Vice President and Chief Information Officer, effective November 9, 2020. Verma will report to Bill Pappas, Executive Vice President and Head of Global Technology and Operations.
9 November 2020GC launches new Marine & Energy unit
Rinsurance broker GUY CARPENTER part of of Marsh & McLennan Companies announced the launch of a new Marine & Energy mutual, agency and captive reinsurance solutions practice.
9 November 2020MARSH: Global commercial insurance pricing went up 20% in Q3 2020
Re/insurance broker MARSH said that Q3 2020 Global Commercial Insurance prices increased by 20% being the largest since Global Insurance Market Index was launched in 2012.
9 November 2020Crawford & Company establishes cyber incident response hub for CEE
Crawford & Company announced the establishment of a cyber incident response hub for Central and Eastern Europe (CEE). The cyber operation comprises a central incident response hub located in Warsaw, Poland supported by a number of local cyber incident response managers in countries across CEE.
9 November 2020RUSSIA: On October 29, 2020, the Sixth Annual Forum of Insurance Market Leaders: Distance Products and Digital Challenges was held in Moscow
The organizers of the largest event in the insurance market were the Insurance News Agency (ASN) and the Analytical Center BusinessDrom. The forum was held at the same time in offline and online formats, with over 350 managers, owners of insurance companies and their partners participating.
9 November 2020RUSSIA: On October 29, at the "Forum of Insurance Market Leaders: Remote Products and Digital Challenges", an award ceremony was held for the leaders of the insurance market
On October 29, 2020, the 6th Annual "Forum of Insurance Market Leaders: Distance Products and Digital Challenges" was held. The event was organized by the Insurance News Agency and the BusinessDrom Analytical Center.
9 November 2020RUSSIA: from January to September, total profit of insurers grew by 26% y-o-y
According to preliminary results for three quarters of 2020, non-life sector decreased by 2%, to RUB 267 billion (~EUR 2.89 billion*), while life insurance was the market driver having increased by 16% to RUB 121 billion, the Deputy chairman of the Bank of Russia Vladimir CHISTYUKHIN said at the VI Annual "Forum of the insurance market leaders: Remote products and digital challenges", on October 29.
9 November 2020Disruptive technology - a new challenge for the future of mobility and motor insurance
E-scooters, the new automated vehicles that have become more and more present on the roads all around the world, are raising questions in terms of safety, insurance and liability for accidents.
6 November 2020Meet the Russian insurance market, live, on the XPRIMM YouTube channel!
The forthcoming international edition of the XPRIMM Time for Business show will focus on the Russian insurance market and its evolution under the specific uncertain situation created by the pandemic, as well as on its future perspectives.
5 November 2020Insurance Europe: EIOPA and ESRB approach to Solvency II review would undermine insurers in facilitating EC CMU and Green Deal objectives
Insurance Europe - together with other insurance sector bodies - has written to the European Commission to highlight how the Solvency II review provides the key opportunity to enhance insurers' ability to support the Commission's growth and sustainability objectives.
5 November 2020Hannover Re net income contracted to EUR 668 million
For the period between January-September 2020, Hannover Re reported a net income after nine months of EUR 667.8 million, contracted by 33.4%. The operating profit (EBIT) was down 35.3% from the previous year's level at EUR 902.9 million, while earnings per share were EUR 5.54 (9M2019: EUR 8.32).
5 November 2020
