Recent changes brought to the regulatory framework have an impact on players on the brokerage market. What is the cost of adapting to the new legislative requirements? What challenges does IDD bring to the brokerage and insurance companies in the market? Professionals reunited Tuesday, May 21st, at Brokers Conference from FIAR 2019 answered these questions during the debates from the first part of the event.

The 22nd edition of the International Insurance-Reinsurance Forum - FIAR was officially opened on Monday night, 20 May, with the XPRIMM Reinsurance Awards ceremony.

The use of new digital solutions by the insurance industry to improve risk assessment or damage relief, cyber-related risks and remodeling of the industry businesses are among the topics discussed at the "Insurance in a Digital World" Conference at FIAR 2019 - the International Insurance and Reinsurance Forum. Read the main statements!

Health & Life Insurance Conference from FIAR 2019 brought in the spotlight the main trends from Romanian insurance market of health and life insurance segments. Here you can find the main statements.

What are the tendencies from Romanian and local insurance markets? Which insurance products have growth potential this year? What are consumers expecting from insurers? All these were discussed in part II of FIAR 2019 "Insurance Market Trends" Conference.

What are the main challenges posed by European legislative changes in the insurance sector and their impact on market players? Part I of the "Insurance Market Trends" Conference, of FIAR 2019, brought these issues into question.

Three new XPRIMM Publications were officially launched at FIAR - The International Insurance-Reinsurance Forum 2019.

The 22nd edition of FIAR - The International Insurance-Reinsurance Forum, one of the largest spring events dedicated to the re/insurance markets, took place between 19 and 22 May in Sinaia, Romania.

In the first quarter of 2019, Munich Re generated a profit of EUR 633 million. Higher basic losses and greater expenditure for claims from previous years prevented a repeat of the extraordinary result in the same quarter last year, which was practically free of major losses.

Slovenia-based Triglav Group registered a profit of EUR 26 million in the first quarter of 2019. Investments played the biggest role for the 9% increase in Group's profit. Triglav's activity outside Slovenia slightly increased compared to 2018 Q1.

UNIQA Insurance Group made a positive start to 2019, with earnings before taxes of EUR 42.3 million in the first quarter. Total premiums written by the UNIQA Group (including the savings from life insurance) decreased though, by 0.4 per cent, to EUR 1,530.0 million.

The net profit of Kosovo insurers decreased to EUR 100,000 at the end of March 2019, from EUR 400,000 a year earlier, as the figures published by CBK showed.

The GWP by the Montenegrin insurers totalled EUR 22.1 million in the first three months of 2019, up 20.2% on the year, the Insurance Supervision Agency of Montenegro informed.

From January to March 2019, Uzbek insurers collected GWP in the amount of UZS 522.8 billion (EUR 55 million), 37.22% more y-o-y in local currency. Paid claims saw a rapid increase of 117.83%, to UZS 180.16 billion (EUR 18.98 million), as data published by the Ministry of Finance of the Republic show.

For the first quarter of 2019, total market GWP rose by 10.5% y-o-y reaching KZT 118.9 billion (EUR 279 million). Life GWP increased by 50.9%, to KZT 24 billion (EUR 56.4 million). Paid claims amounted to KZT 27 billion (EUR 63.5 million), 29.6% more y-o-y, according to data from the National Bank.

In the Commonwealth of the Independent States - CIS, the Russian insurance market has an absolute dominating position, accounting for almost 83% of the regional GWP. Ukraine ranks second in GWP terms, at a huge distance to Russia, with an almost 7% share of the GWP, followed by Kazakhstan, with 3.9%.

In the Southeast European (SEE) region, Turkey accounts for more 65% of the regional GWP. Thus, the over 12% market fall recorded by the local insurance market, in European currency -, triggered a negative change in the regional GWP also, despite the positive trend recorded by the insurance markets of Greece and Cyprus.

According to the statistical data of the Estonian Motor Insurance Fund (LKF), growth of motor insurance prices is slowing down, which is confirmed by their increase only by 1% in the 1^st quarter of 2019 y-o-y, as the Fund informed on its official website on May 15.

For the period from January to March, insurers who are members of MTIBU (Motor Transport Insurance Bureau of Ukraine) generated MTPL GWP of 18.82% more y-o-y. Total GWP amounted to UAH 1.08 billion (~EUR 35.34 million), Forinsurer informed.

Baku will host on 28 June the 2019 edition of the "Insurance in Azerbaijan: Trends & Opportunities" Conference, an event organized by XPRIMM, AIA - Azerbaijan Insurers Association , with the official support of the Financial Market Supervisory Authority of Azerbaijan and CIB-Compulsory Insurance Bureau, as co-organizer.