News - Insurance
STATISTICS: CZECH REPUBLIC, 1Q2019: Claims produced by storms and heavy snow at the highest value in the last 9 years
According to preliminary data for the first quarter of 2019, the total GWP according to the Czech Insurance Association - CAP methodology is CZK 34.82 billion (EUR 1.35 billion), compared to the first quarter of 2018 with a premium premium of approximately CZK 33.49 billion.
STATISTICS: BELARUS, 1Q2019: market GWP went up by more than 12% y-o-y, while paid claims ratio decreased by 4.6%
In 1Q2019, GWP of the Belarusian market amounted to BYN 336.41 million (EUR 140.82 million), 12.30% more y-o-y, data published by the Ministry of Finance, show.
ARMENIA: annual increase to insurer taxes exceeded 11% in 1Q2019
In the first quarter of 2019, Armenian insurers paid 11.8% more y-o-y in taxes. Total taxes of the insurance industry amounted to AMD 633.9 million, of which AMD 542.3 million (86%) fell into direct taxes, ArmInfo reported.
GREECE: 12th Insurance Conference: industry is important for providing security to the population and society
On May 28, the 12th Insurance Conference was held in Greece with participation of top insurance market executives and institutional players in the country, in collaboration with the financial & business portal banks.com.gr, the portal Insuranceworld.gr, and the magazine, Insurance World.
BOSNIA & HERZEGOVINA: UDOFBiH is now member of Insurance Europe
During Insurance Europe's General Assembly on 22 May 2019, the Federation announced a new member aboard: The Association of Insurance Companies in the Federation of Bosnia and Herzegovina (UDOFBiH).
POLAND: Gothaer TU rebrands to Wiener TU VIG
Gothaer's Polish subsidiary announced rebranding under the name Wiener TU VIG, after the German company was officially bought by Vienna Insurance Group (VIG) at the end of February 2019. The shift towards the new name and logo should be complete by the end of June this year.
POLAND: Indemnities for floods paid in under 24h
Recent floods from intensive rainfall in southern Poland resulted in massive mobilization from local authorities and insurance companies. Insurers took special measured to make claims liquidation faster and easier for those affected by the weather conditions.
Swiss Re Corporate Solutions and Airbus Aerial team to offer flood prevention modeling service
Swiss Re Corporate Solutions and Airbus Aerial recently announced a collaboration that will help companies efficiently identify flood risks and more accurately predict weather-related flood damage.
Fitch Ratings upgrades GENERALI's IFS to "A", from "A-"
Fitch Ratings has taken rating actions on Italian insurance group Assicurazioni Generali SpA (GENERALI) and removed them from Under Criteria Observation (UCO), where GENERALI was placed on 15 January 2019.
GENERALI to sell its UK life run-off portfolio to RGA
Italian insurer GENERALI has entered into an agreement with Reinsurance Group of America (RGA) for the sale of the life run-off portfolio of its UK branch.
AON adds executive team in Global Reinsurance Clients unit
Global re/insurance broker AON announced changes within its Global Reinsurance Clients team, which launched in 2014 and forms part of its Reinsurance Solutions operation.
New appointments inside Swiss Re Corporate Solutions
Swiss Re Corporate Solutions announced a new Head for Accident & Health North America and a new Head for Financial & Professional Services and Casualty Canada, both effective from June 2019. The newly announced Heads will be Katie MCGRATH and Tyler JOHNSTON.
EUROINS, 1Q2019: 41% increase in revenue y-o-y
Bulgaria-based EUROINS, part of EUROHOLD, reported a consolidated revenue of EUR 171 million (+41% y-o-y) for the first three months of 2019. For the same period, EUROINS showed an increase of 37% in gross written premiums (GWP) volume, growth sustained mainly by Romanian and Bulgarian business.
Steven M. LULEWICZ, BROADSPIRE: The insurers on the CEE motor market are slowly consolidating
Outsourcing claims management may be a solution for multiple companies activating on the insurance industry. In an interview for XPRIMM Publications, Steven M. LULEWICZ, Vice President, Global - Strategic Markets & Clients, BROADSPIRE Services, explains what the advantages of this practice are and what solutions can be used for the best results.
KUNSTEK and ZIVEC reappointed in Sava Re's supervisory board
Andrej Gorazd KUNSTEK and Mateja ZIVEC were reappointed as employee representatives to serve another term on the Company's supervisory board. Both members are to begin their new terms of office on 12 June 2019.
TALANX, 1Q2019: Strong 11% GWP growth in first quarter
Talanx Group began the year with a strong GWP growth of 11%, reaching EUR 11.7 billion. Net income was up by 8%, while the combined ratio slightly improve to 96.8%, compared to 1Q2018. Talanx Group expects a net income of EUR 900 million by the end of 2019.
NN Group, 1Q2019: Net result increased by 28.4%
First quarter results of 2019 improved for NN Group. The net result increased by 28.4%, while the gross premium income reached EUR 4.9 billion, showing an increase of 9.0% compared to the same period of 2018.
Net Insurance announces the establishment of the Innovation Advisory Board
The Net Insurance Innovation Advisory Board of Archimede SPAC just kicked off, designed to strengthen the Insurtech Inside philosophy, which was at the very basis of the company equity story since its creation, leading to notable achievements as the inclusion in the prestigious 2018 Insurtech Almanac drafted by FT Partners.
EVENT: Insurance Europe's annual International Conference gathered industry professionals in Bucharest
The 11th International Insurance Conference, organized by Insurance Europe, took place on 23 May, in Bucharest, gathering re/insurance professionals from all over the world.
Frederic de COURTOIS named vice-president of Insurance Europe
Frederic de Courtois, General Manager of GENERALI Group, has been elected vice-president of Insurance Europe, the European insurance and reinsurance federation, for a three-year term.
30 May 2019