News - Insurance
ARMENIA: January-September insurance portfolio of Export Insurance Agency of Armenia up 1.76 times y-o-y
From January to September 2019, the insurance portfolio of the Export Insurance Agency of Armenia increased by 1.76 times, to AMD 6.28 billion (~EUR 12 million), according to Tigran KHACHATRYAN, the Armenian Minister of economy, as ArmInfo reports.
16 October 2019Aon's Lori GOLTERMANN elected to CIAB's Board of Directors
Aon announced that Lori GOLTERMANN, CEO, U.S. Commercial Risk and Health Solutions of Aon, was elected to the Board of Directors of The Council of Insurance Agents & Brokers (CIAB).
15 October 2019CZECHIA: CNB sets up Insurance and Pension Supervision Department
Czech National Bank (CNB) established a new Supervision Department for Insurance Companies and Pension Companies, as part of the Financial Market Supervision Department, which splits from the Prudential Supervision Department, starting October 1st, 2019.
15 October 2019Gerald HARLIN appointed as Executive Chairman of AXA IM
AXA announced today that Gerald HARLIN, Group Deputy CEO and Group CFO, will be appointed Executive Chairman of AXA IM, effective December 1, reporting to Thomas BUBERL, CEO of AXA.
15 October 2019EIOPA appoints two members of the IRSG
The Board of Supervisors of the European Insurance and Occupational Pensions Authority (EIOPA) appointed two new members with immediate effect and for the current mandate of the IRSG.
15 October 2019PartnerRe appoints new CFO and COO
PartnerRe Ltd. announced that Mario BONACCORSO, Executive Vice President and Chief Financial Officer, will retire on March 31st, 2020 to pursue a new entrepreneurial venture outside the company.
11 October 2019Thomas WELLAUER to join Aegon's Supervisory Board
Aegon announced that Thomas WELLAUER will be nominated for appointment to the Supervisory Board for a four-year term.
11 October 2019Tjeerd BOSKLOPPER appointed as CEO of NN Netherlands
NN Group announced the intended appointment of Tjeerd BOSKLOPPER as CEO Netherlands ad interim. The appointment is subject to approval by the Dutch Central Bank, and is expected to be effective as from early November 2019.
11 October 2019The XVIII Annual November Business Meetings (NBM) for Reinsurers to take place on November 20-21, 2019, in Moscow
The November Business Meetings for Reinsurers, one of the main business venues in Russia, will take place in Moscow, between 20-21 November 2019.
11 October 2019STATISTICS: BULGARIA, 1H2019: MTPL and the sickness insurance line were the main growth drivers
Bulgarian insurers have achieved GWP worth EUR 755.6 million in 1H2019, 20.4% up y-o-y. Paid claims increased, at the same time by 10.8%, to EUR 295.76 million. The MTPL insurance line was the main growth driver, providing for almost 60% of the extra premiums volume.
10 October 2019STATISTICS: SLOVENIA, 1H2019: Health insurance total market share reached 22.3%
For the first six months of 2019, Slovenian insurance market wrote a total amount of EUR 1,317 million gross premiums, 6.6% more than the volume of the same period of prior year. The total paid claims and benefits volume was EUR 784 million, decreasing by 0.6%.
10 October 2019Insurance Europe: It is time to rethink ePrivacy
A group of industry associations - representing interests as varied as ICT, automotive, medical technology, construction equipment, consumer electronics, home appliances, retail, banking and insurance - have called on the Council of the EU to ask the European Commission to fundamentally reassess its proposal for the ePrivacy Regulation.
10 October 2019SLOVENIA: Sava Re d.d. considers options for issuing subordinated bonds
Sava Re d.d. announced that it is considering options for issuing subordinated bonds to optimize the capital structure of the Sava Insurance Group. The Company will decide on whether to move forward with the bond issue after examining all market conditions.
10 October 2019KAZAKHSTAN: S&P assesses insurance industry and country risk for the life insurance
S&P Global Ratings assesses insurance industry and country risk as moderately high for the life insurance sector in Kazakhstan (BBB-/Stable/A-3), as stated in the agency's report.
9 October 2019UKRAINE: 2020 Green Card policies will be electronic
Starting July 1st, 2020, a new Green Card electronic policy will be introduced in Ukraine. It will be accepted by all traffic authorities, controlling both domestic movement and movement between the countries of the system, said the General Director of MTIBU (Motor (Transport) Insurance Bureau of Ukraine), Volodimir SHEVCHENKO.
9 October 2019UZBEKISTAN: a "road map" for introduction of compulsory health insurance was prepared
Uzbekistan has developed a roadmap for compulsory health insurance introduction. In 2020, it is planned to establish a compulsory health insurance Fund from the state budget, according to the Minister of Health of Uzbekistan, Alisher SHADMANOV.
9 October 2019RUSSIA: Igor YURGENS remains the president of ARIA for the next three years
At a meeting of the All-Russian Insurance Association (ARIA) on October 7, it was decided to re-elect Igor YURGENS as the President of ARIA for three years term. YURGENS was approved as a candidate by the Central Bank of Russia in August, ASN reports.
8 October 2019MOLDOVA: World Bank appreciates supervisor's work and is ready to further assist in reforming the insurance market
At the end of September 2019, the World Bank's (WB) final mission from Chisinau was to assist in the implementation of the Moldovan insurance market reform, as Capital.market reports.
8 October 2019BELARUS: pension agreement between Belarus and Czech Republic entered into force on October 1
The pension agreement d/d March 14, 2018 between Belarus and Czech Republic entered into force on October 1, as BELTA agency informed with reference to the Ministry of Labor and Social protection of Belarus.
8 October 2019FRISS and Munich Re extend partnership to bring value to insurers globally
FRISS announced to have extended their partnership with Munich Re to globally support insurers in their fight against fraud.
7 October 2019
