News - Insurance



STATISTICS: SLOVENIA, FY2018: market growth driven by UL, health and motor insurance lines

Slovenian insurers ended 2018 with GWP worth EUR 2.34 billion, 7.4% up y-o-y. Unlike in other CEE markets, the Unit-Linked life insurance line had a strong positive contribution to the market growth, which in absolute terms exceeded the motor insurance lines' aggregated input. Health insurance also recorded a significant increase in the GWP volume.


KOSOVO: CBK revokes the licence of INSIG

Central Bank of the Republic of Kosovo revokes the licens of the local unit of the Insurance Company INSIG, as the market authority informed on its website.


AZERBAIJAN: recent restrictions on Ateshgah Insurance Company removed

The Financial Market Supervisory Authority of Azerbaijan (FIMSA) removed recent restrictions on the license of Ateshgah for compulsory civil liability insurance for vehicle owners and allowed the company to conclude such contracts, Trend News Agency reported on April 30.


TURKEY: MTPL prices determined by driver history

The Ministry of the Treasury and Finance of Turkey added a new amendment to current MTPL Tariffs Principles Regulation, according to which insurance companies can use drivers' history to determine the final MTPL price.


UKRAINE: InsuranceNEXT Conference - future insurance visualization to be held on June 13 in Kiev

The 3rd international conference InsuranceNEXT will be held on June 13, 2019 in Kiev and will be dedicated to the state of the country's insurance market -which is now at the formative stage for transformation into a new digital reality-, the impact of economic development and GDP on insurance penetration in risk management structure, the future of the insurance market and availability of insurance services for citizens and enterprises.



GENERALI's German life unit sale to VIRIDIUM, completed

GENERALI announced it completed the sale of 89.9% of the shares of GENERALI Leben to VIRIDIUM Gruppe, a leading specialist for the management of life insurance portfolios in Germany, also establishing an industrial partnership with VIRIDIUM, aimed at managing life insurance closed book portfolios.

VIG Re: 2018 annual report and solvency results

VIG Re recently published its 2018 Annual Report and 2018 Solvency Financial Condition Report. The figures show record results compared to previous years: an increased total GWP volume, increased profit before taxes and a reduced combined ratio.


QIC Group Q1 net profit increased by 15%

Qatar Insurance Company (QIC), a leading insurer in Qatar and the Middle East North African (MENA) region reported a net profit of USD 75 million for the first quarter of 2019.


ZURICH: 2018 Financial Condition Report

Zurich Insurance Group (Zurich) has published its Financial Condition Report 2018, highlighting a good financial condition and exceeding solvency requirements.