News - Insurance
Sirma BOSHNAKOVA appointed CEO of Allianz Partners
Sirma BOSHNAKOVA was named Chief Executive Officer of German insurer ALLIANZ Partners, effective April 1, 2019.
4 April 2019BULGARIA: Eurohold submits a binding offer to acquire CEZ Group's assets in Bulgaria
On April 1, financial and insurance group Eurohold Bulgaria announced its binding offer for the Bulgarian assets of Czech energy group CEZ, the largest public holding company in the country and one of the leading independent business groups in Central and Southeastern Europe, Eurohold said in an official statement.
4 April 2019UKRAINE: MTIBU: 2018 was a record year in terms of MTPL paid claims
According to MTIBU (Motor Transport Insurance Bureau of Ukraine), in 2018, MTPL GWP increased by 20% to UAH 4.5 billion, and the number of contracts went up by 4.2% y-o-y.
4 April 2019UZBEKISTAN: INGOSSTRAKH: Uzbekistan has great potential for insurance market development
Within the framework of the International Financial and Banking Forum of CIS member states, held in Tashkent March 27-31, INGOSSTRAKH and INGO Uzbekistan (part of the INGO Group) held a press-briefing on the development of Russian-Uzbek insurance relations, the news agency UzReport wrote.
4 April 2019KAZAKHSTAN: in Jan-Feb the market grew by more than 18%
According to the National Bank of Kazakhstan, GWP of the market, as of March 1, 2019, increased by 18.8% y-o-y, to KZT 91.9 billion, as Allinsurance.kz reports.
4 April 2019ARMENIA: court rejects ROSGOSSTRAKH in the claim for returning RGS-Armenia
The Arbitration Court of the Moscow Region rejected ROSGOSSTRAKH's request to cancel the transaction of the sale of 100% shares of the subsidiary insurer RGS-Armenia to the Cypriot Company Cimarex Management Limited, as reported by TASS Russian News Agency.
4 April 2019Interview with Jonathan LARSEN: The vision behind Ping An's success story. Meet him at DIA Amsterdam 2019. XPRIMM readers get a discount!
Between 25 and 27 June 2019, insurance pioneers from all continents connect and get inspired at DIA Amsterdam 2019. The event, supported by XPRIMM Publications as Media Partner, brings into debate the future of insurance.
4 April 2019Insurtech and technological advances offer growth opportunities for the global mutual insurance sector
Representatives of A.M. Best presented a macro view of all the technological advances that will likely have a significant impact on the global insurance industry during "The next 25 years in insurance" webinar organized, at the end of March, by ICMIF - International Cooperative and Mutual Insurance Federation.
4 April 2019TRIGLAV allocates 70.3% of 2018 net profit to dividend payments
At the the General Meeting of Shareholders, the Supervisory Board and the Management Board of Zavarovalnica Triglav will propose the allocation of EUR 56.8 million to dividend payments, or EUR 2.50 gross per share for 2018.
4 April 2019AZERBAIJAN: the Compulsory Insurance Bureau has made new appointments
The Board of Trustees for the Compulsory Insurance Bureau of Azerbaijan (ISB) has new appointments. Azer ALIYEV has been appointed Chairman of the Board of Trustees, replacing Lana GOZALOVA, first deputy chairman of the AXA Mbask Insurance Company in this position, Trend wrote.
4 April 2019RUSSIA: Alexey LEONENKO was appointed next General Director of SBERBANK Life insurance
SBERBANK's Board of Directors elected Alexey LEONENKO as the new General Director, replacing Viktor DUBROVIN, effective March 29, the insurer reports.
4 April 2019AIG announces three new nominees to BoD
AIG announced that its Board of Directors has nominated three new director candidates for election at AIG's Annual Meeting of Shareholders 2019.
4 April 2019SCOR completes the merger of its three SE legal entities
SCOR Global Life SE and SCOR Global P&C SE merged into SCOR SE on March 31, 2019, as the Paris-based reinsurer announced in a statement.
4 April 2019AZERBAIJAN: Xalq Life Insurance becomes 4th life insurer in the country
The Azerbaijan's Market Supervisory Authority (FIMSA) approved the license of Xalq Life Insurance for insurance activity on March 27, Trend reported.
4 April 2019KAZAKHSTAN: agroinsurance goes from compulsory to voluntary
The agroinsurance system of Kazakhstan will undergo a radical change - transition from compulsory to voluntary, and from subsidized indemnities to subsidized premiums, Allinsurance.kz reports with a reference to the Ministry of Agriculture.
4 April 2019UKRAINE: GWP of VUSO increased by 45% in 2018
GWP of VUSO insurance company increased by 45% to UAH 724.9 million, and paid claims rose by 24%, to UAH 197.44 million in 2018.
4 April 2019UZBEKISTAN: Uzagrosug'urta awarded best insurance company of the year
On March 29, 2019, at the XI Tashkent International Conference on Insurance and Reinsurance a national insurance award ceremony (Golden Umbrella award) was held, as UzReport informed.
4 April 2019EIOPA launches 2019 Occupational Pensions Stress Test Exercise
On April 2, 2019, the European Insurance and Occupational Pensions Authority (EIOPA) launched its biennial stress test of the European occupational pension sector. This exercise is expected to provide important and relevant insights into potential vulnerabilities of the sector.
4 April 2019HUNGARY: New regulations for unit-linked policies
New amendments from the Hungarian Ministry of Finance on unit-linked life insurance will come into force on July 1, 2019. The adjustment of the Insurance Activities Act creates new obligations for insurers.
4 April 2019STATISTICS: KOSOVO, 2008-2017: From MTPL exclusive to a more diverse market
Between 2008-2017, Kosovo non-life insurance market increased by EUR 28.5 million (+50.6%) in terms of GWP. Paid claims volume rose as well, with Kosovo recording an increase in claims by EUR 24.5 million (+138.4%).
4 April 2019
