News - Insurance

AON Q1 revenue increased to USD 3.14 billion

Global re/insurance broker and retirement solutions company AON announced its Q1 2019 total revenue increased in absolute value by USD 53 million (or 2% y-o-y) to USD 3.14 billion.



AVIVA announced changes to its senior management

AVIVA announced that following the recent appointment of Maurice TULLOCH as Group's CEO, the Board of AVIVA and Andy BRIGGS have decided that Andy BRIGGS will step down as CEO UK Insurance and as a Director of AVIVA. "Andy will remain with the Group until 23 October 2019 to support an orderly transition".

VIG: Over 150 digitalization projects currently under way group-wide

Envisioning people's 2028 lifestyle and the role insurance will play in it, VIG is already laying the groundwork for the digital transformation. The Group is currently in the process of implementing more than 150 digitalization projects, the majority of which will be completed within the next two years.

STATISTICS: UKRAINE, FY2018: Life insurance increased by 34% y-o-y

GWP of Ukrainian insurers in 2018 increased by 13.67% y-o-y, to UAH 49.36 billion (EUR 1.56 billion), as data published by the regulator show. The market growth in Euro was over 20% due to a more favorable exchange rate of the national currency at the end of 2018.


Jean-Pierre CLAMADIEU reappointed AXA's director for a four-year term

Jean-Pierre CLAMADIEU WAS re-appointment as director for a four-year term, at the AXA's Shareholders' Meeting of yesterday. The Board of Directors confirmed his appointment as Chairman of the Compensation & Governance Committee and Senior Independent Director.

EUROHOLD's shareholders approved company cap hike

Bulgarian financial group EUROHOLD said that shareholders have approved the company's plan to increase share capital by BGN 80 million to BGN 277 million via a new share issue. The shareholders' nod was given at an extraordinary general meeting earlier today.

KAZAKHSTAN: about 1 million e-policies sold for 1Q2019

According to preliminary data, from January to March 2019 about 1 million electronic policies were sold in the country, accounting for about 20% of the average annual sales volume, Allinsurance.kz reports.




KYRGYZSTAN: INGOSSTRAKH leads TOP-7 insurers in 2018 GWP

Of 17 insurers, INGOSSTRAKH leads the TOP-7 in terms of 2018 GWP (USD 6.09 million), according to an overview of the Kyrgyz market, presented at the international conference in Kazakhstan, dedicated to insurance in Central Asia.

MARSH, GUY CARPENTER and JLT to form CARPENTER MARSH Fac Re in Latin America

MARSH and GUY CARPENTER, both wholly owned subsidiaries of Marsh & McLennan Companies (MMC), announced that, subject to regulatory approvals, they would combine their Latin American facultative reinsurance operations with those of Jardine Lloyd Thompson Group (JLT), which was acquired by MMC on 1 April, 2019.


POLAND: Warta implementing two A.I. projects

Poland-based insurance company Warta is working on two artificial intelligence solutions aiming to improve interactions between the company and customers for claims reporting. The software uses voice and image recognition and will be fully operational in the second half of this year.

Lidwien SUUR appointed to ACHMEA's Executive Board

Lidwien SUUR has been appointed to ACHMEA's Executive Board with effect from 1 September 2019, as the Dutch financial group announced in a statement. "She fills the vacancy that arose following the departure of Roelof KONTERMAN at the end of last year. Lidwien SUUR's responsibilities will include the divisions Non-life, Centraal Beheer and Interpolis".