News - Insurance
STATISTICS: ARMENIA, FY2019: retail insurance accounted for almost 53% of insurers' portfolios
In 2019, the Armenian insurance market grew by 19.79% in local currency, its GWP amounting to AMD 49.13 billion (~EUR 91.45 million), according to the data of insurance companies, provided by ArmInfo.
13 February 2020STATISTICS: MONTENEGRO, FY2019: market expanded to almost EUR 95 million, up by 9% y-o-y
The Montenegrin market reported a 9% y-o-y growth in FY2019 GWP, to EUR 94.76 million, according to the preliminary figures published on the ISA's web-site.
13 February 2020STATISTICS: CROATIA, FY2019: insurers' GWP increased by 7% y-o-y to EUR 1.4 billion
The gross written premiums of Croatian insurers increased by 7% y-o-y to HRK 10.54 billion (EUR 1.42 billion) in 2019, according to the preliminary figures published by the Croatian Insurance Bureau.
13 February 2020IIF 2020 - MOTOR INSURANCE - "A glimpse in the future" - meet the speakers!
IIF 2020 - MOTOR INSURANCE - "A glimpse in the future", the fourth conference organized in Vienna under the titles International Insurance Forum, will take place on 6 April, with a rich agenda bringing under the limelight the latest trends in the industry. Early bird rates are only available until 15 February.
12 February 2020Swiss Re Corporate Solutions appoints Marc Scheidegger as Chief Claims Officer
Swiss Re Corporate Solutions appoints Marc Scheidegger as Chief Claims Officer. Subject to approval by the relevant authorities, Scheidegger will assume the role on 1 June 2020 and join the Swiss Re Corporate Solutions Executive Committee.
12 February 2020Swiss Re Corporate Solutions appoints Bianca Willauer as Head Property & Specialty Lines EMEA
Swiss Re Corporate Solutions has appointed Bianca Willauer as Head Property & Specialty Lines, EMEA, effective 1 February 2020.
12 February 2020DUNAV Osiguranje gives up its Bosnian life insurance business
Bosnian subsidiary of the Serbian DUNAV Osiguranje said it plans to give up its life insurance business, remaining active in non-life insurance only, reports SeeNews quoting a company document filed with the Banja Luka Exchange Stock.
12 February 2020Vienna Insurance Group acquired 20% interest in ViveLaCar start-up
Vienna Insurance Group (VIG) announced the acquisition of an interest of around 20% in the German start-up ViveLaCar GmbH, which is headquartered in Stuttgart. VIG's acquisition will help ViveLaCar's planned expansion into Austria and Switzerland in spring 2020.
12 February 2020UKRAINE: over 39% of TAS claims were paid for MTPL in 2019
TAS Insurance group, one of TOP-5 insurance companies of Ukraine, reported that the group's GWP reached UAH 1.81 billion (~EUR 68.5 million) in 2019, which is 30.8% more y-o-y, Forinsurer writes.
12 February 2020RUSSIA: from 2017 to 2019 GWP of RNRC doubled
According to the Russian National Reinsurance Company (RNRC), its GWP amounted to RUB 14 billion (~EUR 0.2 billion) in 2019, while its profit exceeded RUB 3 billion (EUR 43.24 million), as Natalia KARPOVA, President, Chairman of the Board of RNRC, announced.
12 February 2020RUSSIA: financial ombudsman service included into International Network of Financial Services Ombudsman Schemes
The Russian financial ombudsman service was included into the International Network of Financial Services Ombudsman Schemes. This decision was made at the meeting of the Organization's Committee, as ASN reports with reference to the Chief Financial Ombudsman, Yuri VORONIN.
12 February 2020Fitch Ratings upgrades Lithuania and Greece, affirms Azerbaijan and Slovenia
In January 2020, Fitch Ratings, a leading provider of credit ratings, took rating actions over Lithuania, Greece, Azerbaijan and Slovenia, upgrading the first two countries' ratings and affirming the others' Long-Term Foreign-Currency Issuer Default Rating (IDR).
12 February 2020MAPFRE, FY2019: group's revenues rose 7.1% at the end of the year
MAPFRE's net earnings in 2019 came in at EUR 609 million, 15.2 percent better than the previous year (FY2018: EUR 529 million), while Group revenues rose 7.1 percent to EUR 28.5 billion (FY2018: EUR 26.6 billion).
12 February 2020Everest Re, FY2019: net income rose by USD 920 million
For the full year ended December 31, 2019, Everest Re Group reported a net income of USD 1,009.5 million, showing a substantial increase compared to FY2018 net income of USD 89.0 million.
11 February 2020KOSOVO: CBK limits non-life insurers expenses to 24% of GWP
In order to improve the financial strength of local insurers, Central Bank of Kosovo (CBK) introduced at the beginning of February 2020 a set of rules that will limit the overall commissions and operational costs of non-life insurers to a maximum amount of 24% of all non-life gross written premiums volume.
11 February 2020ALBANIA: Authority launches MTPL damage registry
The Albanian Financial Supervisory Authority (AFSA) has announced the launch of a public online registry of all damages incurred for MTPL insurance policies, the insurance consumers being able to follow the course of their indemnities based on a unique identification number.
11 February 2020SCOR achieves 15.8% GWP growth during 2019
For the full financial year 2019, SCOR Global P&C experienced a strong gross written premiums growth, of 15.8% at current exchange rates, to EUR 7.1 billion. This was driven both by Reinsurance (+16.2%) and Specialty Insurance (+14.4%).
11 February 2020UNIQA confirms the acquisition of the AXA subsidiaries in Poland, Czech Republic and Slovakia
UNIQA confirmed purchasing AXA subsidiaries in Poland, Czech Republic and Slovakia growth markets, in an operation that will bring the Austrian group 5 million new customers and EUR 800 million in additional premiums for a purchase price of around EUR 1 billion.
10 February 2020GEORGIA: in 2019 the number of beneficiaries of the state agroinsurance program increased by 31%
In 2019, total state subsidies under the agroinsurance program amounted to GEL 5.84 million (~USD 2.02 million) while the number of beneficiaries of the program increased by 31% y-o-y, as Levan DAVITASHVILI, the Minister of Environmental Protection and Agriculture of Georgia, informed.
10 February 2020KAZAKHSTAN: average ROE in non-life sector exceeded 12% in 2019
Total profit of the insurance market in 2019 decreased by 0.6% y-o-y, despite its GWP growth, and amounted, according to the regulator, to KZT 78.4 billion (EUR 0.18 billion), Allinsurance.kz reports.
10 February 2020
