News - Insurance
STATISTICS: UKRAINE, 1Q2019: the market grew by almost 15% y-o-y in local currency
In 1Q2019, total market GWP amounted to UAH 13.3 billion (EUR 436 million), which is 14.74% more y-o-y. Growth was recorded both in the non-life (+14%) and life (+23.6%) sectors, however, market shares remained almost unchanged, as data from the National Financial Services Commission show.
20 June 2019STATISTICS: ROMANIA, 1Q2019: Market GWP increased by 5% y-o-y
At the end of 31 March 2019, Romanian insurance market grew by EUR 27 million (+5.0%) y-o-y in terms of gross written premiums (GWP). In local currency, the premium growth was slightly higher (+7.4%), as Financial Supervisory Authority (ASF) figures show.
20 June 2019STATISTICS: SERBIA, 1Q2019: Moderate business growth but accelerated in terms of claims
Serbian insurers ended 1Q2019 with total GWP worth RSD 24.83 billion (EUR 210.5 million), 0.5% up y-o-y, according to the most recent market statistics pubished by the National Bank of Serbia.
20 June 2019RUSSIA: Bancassurance may drop by 10-12% at the end of the year
According to ExpertRA, Russia's largest credit rating agency, Bancassurance, despite impressive growth last year (+44.4%), may decline by 10-12% by the end of 2019, ASN reports with reference to the agency's research.
20 June 2019RUSSIA: total number of agents for TOP-100 insurance companies increased by almost 13%
The total number of active agents for the leading 100 insurers increased by 12.9% y-o-y at the end of the first quarter of 2019, ASN reports, based on data from the Bank of Russia.
20 June 2019GEORGIA: total number of insured vehicles is only 6% of those registered in country
According to the State Insurance Supervision Service, the total number of Georgian citizens with private health insurance is 15%, almost exactly the same as a year ago, Business Georgia reported.
20 June 2019TOP EVENT: IIS Global Insurance Forum, Day 1
The 55th edition of Global Insurance Forum, organized by IIS - International Insurance Society and The Institutes is taking place between 19 June - 21 June in Singapore.
19 June 2019GENERALI completed acquisition of Union Investment TFI S.A. in Poland
GENERALI finalized the completion of the transaction with German Group Union Asset Management Holding AG to acquire Union Investment TFI S.A. in Poland. GENERALI has received the required approvals from all relevant regulatory bodies and competition authorities.
19 June 2019ADRIS Grupa to invest EUR 60 million in insurance by 2023
CROATIA's osiguranje shareholder - the Rovinj based consortium ADRIS Grupa - with businesses in tourism, real estate, tobacco and food industry announced it plans to invest HRK 3 billion (EUR 400 million) in developing its three main business segments by 2023.
19 June 2019S&P Global Ratings revised PZU Group's outlook to positive on advancing strategy and evolving enterprise risk management; affirmed at 'A-'
S&P Global Ratings has revised on 14 June its outlook to positive from stable on Poland-based multiline insurer Powszechny Zaklad Ubezpieczen S.A. (PZU) and its core operating subsidiaries, all together, the PZU Group. The agency affirmed its 'A-' long-term issuer credit and financial strength ratings.
19 June 2019New members elected in the Geneva Association's Board
The Geneva Association, the global organization of insurance and reinsurance CEOs, has announced the election of four new Board members. The association's Board refreshment follows to the appointment, in February, of Jad ARISS as Secretary General.
19 June 2019AXA XL appoints ex AIG executive as CUO
AXA XL, the property & casualty and specialty risk division of AXA, has named Robert KLEPPER as Chief Underwriting Officer -- Short Tail Insurance Lines, reporting to Jason HARRIS, Chief Executive, Global Property & Casualty Insurance.
19 June 2019Seguros SURA Colombia is the first customer to use the FRISS Guidewire Accelerator for integrated fraud detection
FRISS, Guidewire PartnerConnectTM Solution partner and Guidewire Software, Inc., provider of the industry platform P&C insurers rely upon, announced that SURA Colombia (SURA), has successfully deployed its integrated claims fraud detection program for motor personal lines with the FRISS accelerator for Guidewire ClaimCenterTM.
19 June 2019Webinar: AXA and Fremtind discuss how AI and analytics are changing insurance claims forever
To win the customer's heart, insurers cannot afford to lag behind on customer-focused innovation. Throughout the claims journey they must deliver interactive, personalised experiences.
19 June 2019GENERALI announced changes in the managements in the Czech Republic, Slovakia and Croatia
GENERALI CEE Holding announces some changes in the managements of its subsidiaries CESKA pojistovna (Czech Republic), Generali Poistovna (Slovakia), and Generali osiguranje (Croatia), to become effective in the upcoming weeks and months once the necessary approvals have been received.
18 June 2019SCOR Global Life announced appointments in France
SCOR Global Life, a division of the French based reinsurer, has announced a series of appointments related to French market.
18 June 2019SERBIA: DUNAV supported AGROSIRM
DUNAV Osiguranje, a Serbian insurance company based in Belgrade and the largest non-life insurance company in the Serbian insurance market, for the second consecutive year supported the Srem Agricultural Fair - AGROSIRM, that was held on June 8-9, as the company stated on its website.
13 June 2019LITHUANIA: Board of Aviva Lietuva approved for a new term
The Board of Supervisors of the Bank of Lithuania in June approved the Board of Life Insurance and Pension Company Aviva Lietuva, according to the Company's official statement.
13 June 2019STATISTICS: BULGARIA 1Q2019: Insurers' profits expanded by 41% y-o-y to EUR 26.5 million
Bulgarian insurers ended Q1 2019 with a 23% y-o-y growth-rate in GWP, to BGN 748 million (EUR 382 million), while the aggregate value of net profit expanded by 41% y-o-y to BGN 52 million (~ EUR 26.5 million), according to the Bulgarian FSA preliminary figures.
13 June 2019STATISTICS: CYPRUS insurers' Q1 GWP compressed by 1.2% y-o-y
Cypriot insurers reported aggregate GWP of EUR 250.6 million in the first three months of 2019, down by 1.2% y-o-y, according to the quarterly market figures published by the Insurance Association of Cyprus - IAC.
13 June 2019
