News - Insurance
UKRAINE: S&P affirmed Ukraine at B-/B, outlook stable
On April 12, 2019 S&P Global Ratings affirmed a 'B-/B' long- and short-term foreign and local currency sovereign credit ratings for Ukraine, the outlook remains stable, stated the agency's report.
18 April 2019KAZAKHSTAN: S&P: life insurance may increase 15-20% in 2019
"Life insurance in Kazakhstan may grow by 15-20% in 2019, while non-life may remain at the level of 2018, or even decrease in real terms," S&P believes, according to Ekaterina TOLSTOVA, deputy director of the international rating agency.
18 April 2019SCOR: April 2019 P&C renewal results reaffirm the positive trends observed in January
At the April 1, 2019, renewals, SCOR Global P&C grew gross written premiums by 9.6% at constant exchange rates to EUR 548 million, while benefitting from broadly improving market conditions. This result confirms the positive trends observed in January.
18 April 2019European Parliament strengthened EU financial watchdogs
MEPs approved rules strengthening the EU financial supervision needed for safer financial markets, fighting money laundering, and protecting consumers. European consumers, investors and businesses will benefit from safer and more integrated financial markets thanks to the reform.
17 April 2019VIG aims to use strong capitalisation as basis for growth
With the publication of 2018 Group Annual Report, Vienna Insurance Group (VIG) has confirmed the preliminary results, announced on 21 March 2019. The Group intends to use its strong capitalisation (solvency ratio of 239%) to achieve further growth.
17 April 2019UKRAINE: MTPL GWP for Jan-Feb grew by 18% y-o-y
In 2019, between January and February, the total MTPL GWP of insurance companies, members of MTIBU (Motor Transport Insurance Bureau of Ukraine), increased by 18.12% y-o-y, reaching UAH 661.44 million (~EUR 21.57 million), Forinsurer reports.
17 April 2019SLOVENIA: COFACE acquires SID - PKZ
Coface announced on April 15th the acquisition of Slovenian SID - PKZ, one of the insurance market leaders, with a strong position in credit insurance. Coface has acquired all SID - PKZ shares and the business will operate under the new name - Coface PKZ.
17 April 2019Transaction with Dutch flavor in Slovakia: ACHMEA to acquire AEGON's P&C portfolio
Dutch insurance group ACHMEA announced is expanding its presence in Slovak insurance market by acquiring AEGON's property & casualty portfolio in the country. The portfolio consists of more than 18,000 home insurance policies. The acquisition is being made by ACHMEA's subsidiary, UNION.
11 April 2019POLAND: PZU Group successfully completed a pilot project of using A.I. in handling motor damage
Poland-based PZU Group announced that progress was realized on their PZU GO service, an innovative technology, which will support the insurer's employees and experts in motor claim handling. The time necessary for claim handling will be significantly shorten through the software.
11 April 2019Slovenian Court banned the AZN denying approval for the acquisition of shares in SAVA Re by CROATIA Osiguranje
Slovenia's Administrative Court has dismissed the appeal against the ban on the acquisition of shares in the Sava Re's group parent company, Pozavarovalnica SAVA by Croatian leading insurer CROATIA Osiguranje imposed by AZN - the Slovenian insurance supervisory body, the Croatian insurer announced.
11 April 2019SLOVENIA: Sava Re proposes dividend for shareholders
Slovenian Sava Re is going to pay a gross dividend of EUR 0.95 per share, EUR 14.7 million in total, or 34.23% of 2018 net profit of the Sava Re Group, the reinsurer said in an official statement.
11 April 2019POLAND: The Management Board of PZU Zycie SA appointed for a new term
The Supervisory Board of PZU Zycie SA appointed the Management Board of the company, including its president Roman PALAC, for a new term, until December 31, 2022, the company said in an official statement.
11 April 2019STATISTICS: MACEDONIA, FY2018: Preliminary figures indicate double digit increases for insurance industry
The preliminary FY2018 statistics provided by Macedonian ISA indicate for the local insurance market a total gross written premiums (GWP) volume of EUR 161.4 million (MKD 9.9 billion), up by 10.4% y-o-y.
11 April 2019STATISTICS: BOSNIA and HERZEGOVINA, FY2018: Insurers' GWP grew 4.4% y-o-y
Last year, the BiH insurance market totaled EUR 365 million (BAM 713 million), 4.4% more y-o-y, as data from the local insurance agency - AZOBIH shows.
11 April 2019GENERALI Group announces its first boutique in Italy with a new partnership to launch innovative multi-asset strategies
GENERALI Group announced its first Italian boutique with a strategic partnership, aimed at launching a new asset management company. The new venture will develop multi-asset strategies, serving the needs of clients around the world, both private and institutional.
11 April 2019ZURICH, ALLIANZ and AXA to Join Europe's Leading Insurers at Connected Insurance Europe 2019
In a few short years, on-demand has quickly become the norm. From getting our fix of food, entertainment or shopping, the majority of our interactions have gone one way: personalized, instant, easy. So, why not insurance?
11 April 2019VIG Re has new Chief Underwriting Officer and head of CEE market
After opening new branch offices in Frankfurt and Paris, VIG Re announced organizational changes. Olaf DIETRICH will be the new Chief Underwriting Officer, leading the newly formed Corporate Underwriting Department, while Petr STEPAN will head the new CEE market department.
10 April 2019EVENT: The XXIII Annual Reinsurance Conference took place in Moscow
The XXIII Annual Reinsurance Conference, a traditional 2 days event which gathers all the Russian insurance and reinsurance sector, as well as foreign participants, almost 200 participants from 23 countries, has started on Wednesday, 10 April, in Moscow.
10 April 2019GEORGIA: MARSH enters local market
MARSH, a global leader in insurance broking and risk management, advising clients in over 130 countries, is beginning operation in Georgia, in partnership with the ARRIBA company, Business Georgia reports.
10 April 2019KAZAKHSTAN: Insurers profit rose by almost 65% in Jan-Feb, and revenues by almost 25%
According to the monitoring service Ranking.kz, profit of Kazakh insurers in January-February, 2019, grew by 64.7% y-o-y, to KZT 12.7 billion. Insurers show positive profit results for the second year in a row since losses in 2017, allinsurance.kz reported.
10 April 2019
