News - Insurance
Oliver WILLMES to take over as Chairman of the Board of ERGO International AG
Oliver WILLMES will take over the position as Chairman of the Board of ERGO International AG as from 1 October, subject to the approval of the appropriate Supervisory Authorities.
27 August 2019Yves BETZ to embark on HDI Global SE Management Board
The Supervisory Board of HDI Global SE, the industrial insurer of the HDI Group, has appointed Yves BETZ as a new Member of the Management Board, with effect from 1 December 2019.
27 August 2019STATISTICS: CROATIA, 1H2019: Motor Hull provided for the highest contribution to the market growth
The first half of 2019 ended for the Croatian insurance market with aggregated GWP of EUR 784 million, 7.5% up y-o-y, a growth almost entirely provided by the non-life insurance segment.
22 August 2019STATISTICS: MONTENEGRO, 1H2019: 10% increase in the market aggregate gross profit
Montenegrin insurers ended the first half of 2019 with total GWP worth EUR 46.6 million, up by almost 14% y-o-y. Both the life and non-life segments have recorded double digit growth rates.
22 August 2019STATISTICS: KAZAKHSTAN, 1H2019: market growth exceeded 20% thanks to life insurance
In the first half of 2019, the market grew by 20.20% y-o-y in local currency, GWP reached almost KZT 255 billion (~EUR 588 million), as data published by the National Bank of Kazakhstan show.
22 August 2019STATISTICS: UZBEKISTAN, 1H2019: GWP growth exceeded 53%, while paid claims increased by more than 116% y-o-y
From January to June this year, the market showed impressive growth of 53.29% y-o-y. GWP amounted to UZS 1,253.304 billion (EUR 128.78 million), according to data published by the Ministry of Finance of the Republic.
22 August 2019RUSSIA: Growth of more than 58% y-o-y for ROSGOSSTRAKH's H12019
From January to June 2019, ROSGOSSTRAKH's total net profit increased by 58.3% y-o-y, to RUB 3.8 billion (~EUR 52.91 million), ASN reports.
22 August 2019RUSSIA: driver with life insurance change: investment life insurance decreased by 32% y-o-y in the first 6 months
From January-June, according to preliminary data, investment life insurance decreased by 32% y-o-y and now occupies 46% of the sector (vs 62% a year ago), its GWP amounted to RUB 92.3 billion, ASN reports.
22 August 2019UKRAINE: from January-June, MTPL GWP increased by over 11% y-o-y
The total number of MTPL contracts grew by 3% and GWP by 11.2%, to UAH 2.4 billion (EUR 80.64 million) in the first half of the year, Forinsurer reports based on the MTIBU (Motor (Transport) Insurance Bureau of Ukraine) data.
22 August 2019AZERBAIJAN: Agro insurance Fund to be established alongside new insurance mechanism
A new agro insurance mechanism has been developed in Azerbaijan. It provides for the establishment of a collective insurance system, AzerNews reported with reference to the Ministry of Agriculture.
22 August 2019SAVA and TRIGLAV to purchase Diagnostic Centre Bled
Sava Re and Triglav Group announced the acquisition of 80% share capital of Diagnostic Centre Bled (Diagnosticni center Bled d.o.o.), representing 100% of the voting rights through their jointly-owned company ZTSR d.o.o..
22 August 2019TRIGLAV, 1H2019: 10% increase in total GWP with considerable growths outside non Slovenian markets
Slovenia based Triglav Group published its first half year of 2019 report. According to the company figures, the total volume of gross written premiums (GWP) reached EUR 630 million, 10% more than the similar period of prior year.
22 August 2019SAVA, 1H2019: +59% change y-o-y in group's net profit
Slovenian Sava Insurance Group and Sava Re published the report for their first half of 2019 activity. The Group's net profit jumped to EUR 23 million, about 59.3% more than previous year's six-month net profit.
22 August 2019Next Insurance generated 52,000+ digital insurance certificates since launch
Next Insurance, the Silicon Valley based insurtech, announced that the company generated more than 280,000 digital insurance certificates and issued more than 52,000 Live Certificates to customers since its new feature launch in March 2018.
22 August 2019Guy Carpenter selected as sole reinsurance intermediary for California Wildfire Fund
Guy Carpenter & Company was selected by the California Earthquake Authority (CEA) to offer strategic reinsurance and advisory services for risk transfer to the newly formed California Wildfire Fund.
22 August 2019AEGON, 1H2019: Net income rose by 26% y-o-y
Aegon's net income for the first half of 2019 reached EUR 618 million, 26 percent more than the net income registered in the first half of prior-year. According to Aegon, the growth was driven by realized gains and lower other charges, partly offset by a higher loss on fair value items.
21 August 2019NN Group, 1H2019: operating result increased by 11.3% y-o-y despite the lower result of 2Q2019
For the first half-year of 2019, NN Group's operating result amounted to EUR 914 million, 11.3% higher than the same period of the previous year operating result. The y-o-y increase includes the impact of January 2018 storm, amounting EUR 89 million.
21 August 2019GOTHAER Romania: Reiner TURR appointed Deputy CEO and CFO; Georgina POPESCU completes the Board of Directors
Subject to approval by the Financial Supervisory Authority, Reiner TURR (54) was appointed Deputy CEO and Chief Financial Officer (CFO) for the local Romanian subsidiary of GOTHAER. Georgina POPESCU (45) completes the Board of Directors.
21 August 2019Swiss Re: Disaster events claimed more than 5 000 victims in H1 2019
Global economic losses from natural catastrophes and man-made disasters during H1 2019 amounted to USD 44 billion vs. USD 51 billion reported for the same period a year earlier, according to Swiss Re Institute's preliminary sigma estimates.
21 August 2019GENERALI to increase its influence in Russia and post-Soviet markets
Giorgio CALLEGARI, Chairman and CEO of GENERALI Russia & CIS declared in an interview for Interfax that in forthcoming years the Italian insurer plans to develop its presence in Russia and other CIS markets.
21 August 2019
