News - Insurance


Slovenian Groups TRIGLAV and SAVA Re rated "a" by the Standard&Poor's agency

In July 2019, S&P announced it has reaffirmed the "A" Long-Term Credit Rating and Financial Strength Rating of TRIGLAV Group and affirmed the financial strength rating of SAVA Re Group to "A". Both ratings have a stable medium-term outlook and are valid also for the groups' parent companies and subsidiaries.

SCOR, 1H2019: net income rose by 9.2%

SCOR reported a net income of EUR 286 million for the first half-year of 2019 (+9.2%, when compared to 1H2018), achieving the targets set by company's "Vision in Action" strategic plan.



POLAND: less than 0.5% of all registered vehicles are not covered by a MTPL policy

According to the Polish Insurance Guarantee Fund's estimations, there may be about 80-90,000 vehicles in use without a valid MTPL policy, which is 0.4 - 0.5% of all registered vehicles. This percentage places Poland among the CEE countries with the highest degree of insurance coverage, together with Slovenia the Czech Republic and Hungary.


MOLDOVA: ACORD GRUP: MTPL and Green Card dominate the market

The Moldovan market is underdeveloped and affected by disloyal competition. The largest share in insurer portfolios is MTPL and Green Card, since this insurance is mandatory, says Natalia ROSCA, General Director of Acord Grup.



Allianz, 1H2019: operating profit grew by 6.4% y-o-y

Allianz Group operating profit for the first half of 2019 reached EUR 6.1 billion (+6.4%), staying above the mid-point of Allianz full-year target range, the company said. The second quarter operating profit increased as well, reaching EUR 3.2 billion (5.4% more y-o-y).

Generali, 1H2019: Net profit rose by 34.6%

Generali Group published the consolidated financial report for the first 6 months of 2019. The Group's net profit reached EUR 1.8 billion, 34.6 percent more than the half-year of 2018 profit.

Profit of HRK 208 million for CO Group at end-June

In the first six months of 2019, CO Group recorded net profit amounting to HRK 208 million (~EUR 27.5 million). At the same time, gross written premium at CO Group level amounted to HRK 1,981 million (~EUR 264 million) and was 1% lower compared to last year. 


Serbian DUNAV Re's credit rating by AM Best upgraded to B+

AM Best has upgraded the Financial Strength Rating to B+ (Good) from B (Fair) and the Long-Term Issuer Credit Rating to "bbb-" from "bb+" of Serbian reinsurer Dunav Re a.d.o. Belgrade, a subsidiary of Dunav Insurance Company j.s.c. Belgrade. The outlook of the Credit Ratings (ratings) is stable.




GENERALI to expand presence in Portugal with EUR 600 million acquisition

The Italian insurer, GENERALI announced the acquisition of a local insurance company and service platform from APOLLO GLOBAL MANAGEMENT. The purchase makes GENERALI the second largest non-life group in the country with a market share of 18.7% and the third largest player in the whole market.