News - Insurance
RUSSIA: from January-June the accrued reinsurance premium of RNRC increased by 21% y-o-y
For the first half of the year, accrued reinsurance premium of the Russian National Reinsurance Company (RNRC) amounted to RUB 7.59 billion (~EUR 0.1 billion), which is 21% more y-o-y, the reinsurer reports.
5 August 2019RUSSIA: In 1H2019, MTPL GWP decreased by almost 5%, while paid claims increased by almost 9%
According to preliminary data, in 1H2019, MTPL GWP decreased by 4.7% y-o-y, while the total number of MTPL policies rose by 0.8%, reported Igor YURGENS, President of the Russian Association of Motor Insurers (RAMI).
5 August 2019KAZAKHSTAN: in May, total equity and assets of insurers decreased amid an impressive growth of income - almost 41% from April
Total equity of insurers in May continued to decline (-0.6%) and amounted to KZT 499.1 billion (~EUR 1.17 billion). However, the leader in terms of equity, EURASIA, improved its result in May to KZT 137.8 billion, as did VICTORY, which ranks second (to KZT 87.1 billion), Allinsurance.kz reports.
5 August 2019AXA XL announces key appointments to London Reinsurance team
AXA XL, the property, casualty and specialty risk division of AXA announced three senior appointments to the London Reinsurance team, Megan KEMPE, Nick PASCALL and Conor GAFFNEY. The appointees will be based in London and report to Rob LITTLEMORE, CEO of London Reinsurance.
5 August 2019AZERBAIJAN: from January to June Green Card GWP increased by 15% y-o-y
In the first half year of 2019, the number of Green Card policies increased by 16% y-o-y and totaled 18,837 agreements, Trend reports according to the data of the Bureau of Compulsory Insurance of Azerbaijan.
5 August 2019RUSSIA: Gennady GALPERIN head of ROSGOSSTRAKH from July 20
Gennady GALPERIN was elected to the position of CEO by the Board of Directors of the company, effective July 20, 2019, ASN reported.
5 August 2019MMC elects Tamara INGRAM to BoD
Global re/insurance brokerage Marsh & McLennan Companies (MMC) announced its BoD has elected Tamara INGRAM as director effective July 19, 2019. With Tamara INGRAM's election, the Company's Board will consist of 13 directors.
5 August 2019AXA XL names Simona FUMAGALLI Head of International Financial Lines, Europe
AXA XL Insurance announced the appointment of Simona FUMAGALLI to Head of International Financial Lines, Europe, based in Milan.
5 August 2019Ales MIRNIK appointed as VIG Re Head of CEE
After five years of service Petr STEPAN decided to pursue new career opportunities outside of VIG Group. He will be succeeded by Ales MIRNIK, who joins VIG Re as the new Head of Central & Eastern Europe department effective 8th of August 2019.
19 July 2019Allianz Hungaria Zrt. has a new CEO and President
Alexander PROTSENKO has been appointed as the new President and CEO of Allianz Hungarian branch. He will take over the position held by Peter KISBENEDEK, who served Allianz Hungaria Zrt. for more than 11 years, after choosing to continue his career outside Allianz.
19 July 2019PZUW is the second fastest-growing mutual insurer in the world
PZUW, the mutual insurance arm of the Polish PZU Group, is the second fastest growing mutual insurance company in the world, the latest edition of the Global 500 report prepared by the International Federation of Cooperative Insurance and Mutual Insurance Companies (ICMIF) shows.
18 July 2019STATISTICS: The CEE insurance market exceeded EUR 10 billion in Q1
The CEE insurance market totaled EUR 10.1 billion at the end of March 2019, according to regional markets figures collected and centralized by XPrimm Publications, 2% more y-o-y on average.
18 July 2019STATISTICS: CIS region, 1Q2019: regional GWP had almost no change, while paid claims jumped by more than 22% y-o-y
According to 1Q2019 results, the volume of the regional market remained almost unchanged y-o-y. Total GWP growth reached only 0.08% (in European currency). Regional GWP amounted to EUR 6.33 billion.
18 July 2019STATISTICS: GREECE, January-April update: property insurance significantly affects the decline of non-life
According to the Hellenic Association of Insurance Companies (HAIC), the local insurance market grew by 2.2% y-o-y from January-April 2019. Total GWP reached EUR 1.3 billion by the end of April.
18 July 2019STATISTICS: Macedonian insurers posted almost a quarter billion MKD in Q1 GWP
At the end of March 2019, the Macedonian insurance market totaled about a quarter billion MKD (EUR 40 million), up by 4.6% y-o-y, according to data provided by the local Insurance Supervision Agency.
18 July 2019STATISTICS: Q1 profits of Slovak insurers declined to EUR 31.8 million
In the first three months of 2019, the Slovak insurance market totaled EUR 610.7 million, 3.6% more y-o-y, according to the quarterly financial figures published by the National Bank of Slovakia (NBS).
18 July 2019RUSSIA: in 1Q2019, inward reinsurance increased by 22% y-o-y; outward by 4%
Inward reinsurance in 1Q2019 increased by 22% y-o-y (vs 24% a year ago), according to an official announcement from the national reinsurer.
18 July 2019UKRAINE: January-May MTPL growth exceeded 12% y-o-y
From January to May 2019, Ukrainian insurers generated MTPL GWP 12.3% more y-o-y, and the total number of MTPL policies increased by 3.5%, Forinsurer reports with reference to data published by MTIBU (Motor Transport Insurance Bureau of Ukraine).
18 July 2019KAZAKHSTAN: in January-May 2019 insurer income grew by more than 25% y-o-y, while net profit dropped by almost 3%
In January-May 2019, income of the Kazakh insurers amounted to KZT 176.7 billion (~EUR 0.41 billion), which is 25.1% more y-o-y, Allinsurance.kz reported based on data from Finprom.kz.
18 July 2019UZBEKISTAN: Insurance Market Development Agency to be established
At a meeting held July 10 by President Shavkat MIRZIYOYEV, it was decided to reform the State Inspectorate for insurance supervision at the Ministry of Finance by liquidating it and establishing an Insurance Market Development Agency, reports UzReport.
18 July 2019
