News - Insurance
ALLIANZ Group opened earthquake & fire research center in Istanbul
A new earthquake and fire research center in Turkey expands the family of Allianz Group's ALLIANZ Centers for Technology, the German insurer announced in a statement. It conducts earthquake, automotive, transport and fire tests, simulations and practical training in Istanbul.
26 August 2020AZERBAIJAN: Agroinsurance, one step closer to becoming tangible
In August, a constituent meeting dedicated to creation of a Joint Agricultural Insurance Company was held in Azerbaijan. Seven insurance companies participated in the meeting, as FINEKO and ABC.AZ analytical and information agency reported with a reference to the Agroinsurance Fund.
25 August 2020GEORGIA: Net profit of the insurance sector increased by 49% y-o-y in 1H2020
In the first half of 2020, total profit of Georgian insurers amounted to GEL 89.5 million (~EUR 26.10 million*), which is 23% more y-o-y. At the same time, net profit of insurance companies exceeded the level of 1H2019 by 49% and reached GEL 29.2 million, Business Georgia reports.
25 August 2020EVENT: 12th Bancassurance Asia Summit takes place this November in Singapore
The 12th edition of Bancassurance Asia Summit event will take place from 23 to 26 November 2020, in Singapore. The event will gather global experts from insurance companies & banks to share and discuss insightful case studies, best practice solutions to key challenges and uprising trends.
25 August 2020EVENT: 5th Operational Excellence Summit takes place in November 2020
Equip Global announced 5th Operational Excellence Summit will take place from 9 to 12 November 2020, online. Join the event and hear from global experts from insurance & reinsurance companies to share and discuss insightful case studies, best practice solutions to key challenges and uprising trends.
25 August 2020Guy Carpenter appoints Jeffrey Livingston as Global Head of Sales
Guy Carpenter & Company announced the appointment of Jeffrey Livingston as Global Head of Sales, effective September 1. Livingston will also join the Guy Carpenter Executive Committee.
24 August 2020Insurance Europe calls on EC to give more prominence to adaptation in EU climate change strategy
Insurance Europe has published its response to a consultation by the European Commission on the EU's strategy for adaptation to climate change.
24 August 2020SLOVENIA: Insurance Supervision recommends to all supervised entities even after 1 October 2020 to suspend dividend payments
Due to the uncertain situation regarding the spread of the COVID-19 epidemic and the consequent unclear impacts of the epidemic on the economy and the insurance industry, the Slovenian Insurance Supervision Agency recommends that insurance, reinsurance and pension companies even after 1 October 2020 suspend dividend payments.
24 August 2020ALLIANZ Benelux and MONUMENT Re announce closed book portfolio transaction
ALLIANZ Benelux (Belgium) and MONUMENT Re have agreed today to transfer a closed book of classical life retail insurances together with 4,500 mortgage loans to MONUMENT Assurance Belgium (MAB) and to transfer the related operations within 18 months after regulatory approvals.
24 August 2020AXA and BHARTI to combine their non-life operations in India into ICICI Lombard
AXA and BHARTI announced that they have entered into an agreement to combine their non-life insurance operations in India, BHARTI AXA General Insurance Company Limited (BHARTI AXA GI), into ICICI Lombard General Insurance Company Limited (ICICI Lombard).
24 August 2020EVENT: Bancassurance Asia Masterclass 2020, to be held online, between 22-24 September
Equip Global Pte Ltd organizes its 3-days "Bancassurance Asia Masterclass 2020" event online, between 22-24 September 2020. Visit their website for more informations!
20 August 2020RUSSIA: 2nd practical conference "Bancassurance. Era of ecosystems" to be held on September 10
On September 10, 2020, the magazine "Bankovskoe obozrenie" and "BusinessDrom" analytical center will hold a conference dedicated to partnership between insurers and banks as well as intermediaries and marketplaces.
20 August 2020UKRAINE: MTPL GWP in 2Q2020 increased by almost 20% y-o-y
The number of MTPL contracts concluded in 2Q2020 amounted to 2.26 million units, which is almost at the same level as the prior year. MTPL GWP reached UAH 1.6 billion (~EUR 53.9 million*), which in local currency is 19.9% more y-o-y, as Motor (Transport) Insurance Bureau of Ukraine (MTIBU) informed on its website.
20 August 2020Zavarovalnica Triglav appoints new Chairman of the Supervisory Board
At its session held on 18 August 2020, the Supervisory Board of Zavarovalnica Triglav d.d. appointed Andrej Andoljsek as Chairman of the Supervisory Board of Zavarovalnica Triglav.
20 August 2020UNIQA, 1H2020: Premiums written remained solid at EUR 2.8 billion
UNIQA Group ended the first six months of 2020 with a consolidated net profit of EUR 41 million, 61.7% lower year-on-year.
20 August 2020Triglav Group, 1H2020: Net profit decreased slightly to EUR 34 million
For the first half of 2020, Triglav Group reported a profit before tax of EUR 40.6 million, down by 3% year-on-year. The net profit of the group was EUR 33.5 million, 3% lower than the same period of prior year.
20 August 2020Sava Insurance Group, 1H2020: Net profit expanded by 42.5% y-o-y
From January to June 2020, Sava Insurance Group generated an operating revenue of EUR 314 million (+16.6%) and a net profit of EUR 32 million (+42.5%). The operating revenue reached 51.5% from its original full year 2020 target, while the net profit 71.5%.
20 August 2020STATISTICS: CROATIA, 1H2020: Insurers' business declined by 2.30% y-o-y due to double digit decrease in life insurance
Croatian insurers H1 2020 GWP fell by 2.30% y-o-y to HRK 5.66 billion (~EUR 749 million*), according to the statistics published by Croatian Insurance Bureau.
20 August 2020STATISTICS: MONTENEGRO, 1H2020: Insurance market remained at the 1H2019 level
Despite COVID-19 pandemic, at the end of June 2020, the Montenegrin insurance market figures published by the local Insurance Supervision Agency (ISA) reveal that the local market remained at the 1H2019 level: GWP of EUR 46.50 million vs. EUR 46.59 million at the end of June 2019.
20 August 2020STATISTICS: KAZAKHSTAN, 1H2020: Voluntary insurance increased by more than 13% y-o-y, while compulsory segments decreased slightly
In 1H2020, the insurance market of Kazakhstan grew by 10% y-o-y (in local currency), the overall market GWP amounting to about KZT 280.48 billion (~EUR 616 million*).
20 August 2020
