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.
MMC reported increasing revenues and operating incomes in Q1
MMC - Marsh & McLennan Companies - announced consolidated Q1 2019 revenues of USD 4.1 billion, up by 2% y-o-y. At the same time, operating income was USD 938 million compared with USD 908million in the prior year.
AXA XL announced the promotion of Charlotte WILSON to global head of portfolio solutions
AXA XL - the property & casualty and specialty risk division of French re/insurance group AXA - announced the promotion of Charlotte WILSON to global head of portfolio solutions, with responsibility for developing and executing the global strategy for portfolio solutions.
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.
STATISTICS: Slovakias' FY2018 aggregate figures see slight increase despite the "red rates" reported on life LoB
At the end of 2018 the Slovak insurance market totaled EUR 2.20 billion vs. EUR 2.16 billion a year before, according to the preliminary figures provided by the National Bank of Slovakia (NBS).
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.
RUSSIA: rating of ROSGOSSTRAKH raised to ruAA-, outlook stable
The rating agency Expert RA upgraded the national rating of ROSGOSSTRAKH to ruAA-, outlook stable. Previously the insurer had ruA rating, outlook positive, as reported by ASN.
RUSSIA: May 7, 2019, ARIA starts checking insurer compliance with new mandatory standards
From May 7, 2019, the All-Russian Insurance Association (ARIA) will start checking insurer compliance with new mandatory standards related to operations on the insurance market and protecting consumer rights in insurance services, ASN reports.
AZERBAIJAN: GWP of AtaSigorta increased by almost 27% y-o-y in 1Q2019
GWP of AtaSigorta for January-March this year amounted to AZN 5.4 million, which is 26.9% more y-o-y. The insurer's paid claims for the period amounted to about AZN 3.5 million (+89.8%), as FINEKO and ABC.AZ reported.
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.
CROATIA Osiguranje, FY2018: net profit increase of 80% against the previous year's result
CROATIA Osiguranje, a member of the Adris Group and undisputed leader of the Croatian insurance market, ended 2018 with a net profit of HRK 270.4 million (EUR 36.45 million), 80% higher than in 2017, the company's annual report for last year shows.
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".
Anna Maria D'HULSTER and Martin GRULL proposed for UNIQA Supervisory Board
Belgian insurance expert Anna Maria D'HULSTER and the CFO of RAIFFEISEN Bank International AG Martin GRULL will be proposed to the AGM of the UNIQA Insurance Group for election to the Supervisory Board on 20 May 2019, as the Austrian insurer informed in a statement.
BULGARIA: FSC named Iliana HRISTOVA new Insurance Supervision Division Deputy Chair
On April 10, the Bulgarian Parliament elected Iliana HRISTOVA as the new Deputy Chairman of the Insurance Supervision Division inside FSC. The election was made by 113 MPs.
30 April 2019