News - Insurance
RUSSIA: Alexander ZARETSKI steps down from the presidency at METLIFE
On April 1, 2019, Alexander ZARETSKI will step down from his presidency of METLIFE. According to the Company's Board of Directors, this decision was made for personal reasons. Gheorghe DIMITRU will take over as president, ASN wrote.
21 March 2019TALANX announced finalization of generational renewal at Board level
The German insurer TALANX announced the Supervisory Board has completed the generational shift at Board level.
21 March 2019New appointments within SCOR Global P&C; Michel BLANC is the new CEO of Reinsurance
In Reinsurance, SCOR Global P&C announces the following appointments, effective April 1, 2019:
21 March 2019EUROHOLD increases share capital by BGN 80 million
Bulgaria-based Eurohold plans to increase its share capital by BGN 80 million through preferred shares, the new total reaching BGN 277 million. The capital growth will help the company to reduce its debt and support expansion plans.
21 March 2019ASIROM VIG names Wolfgang HAJEK new CFO
Romania-based ASIROM, part of Vienna Insurance Group (VIG), has appointed Wolfgang HAJEK as the new CFO.
21 March 2019STATISTICS: BULGARIA, FY2018: Insurer profits increased by almost 30% to EUR 60.40 million
Preliminary FY2018 market figures from the Bulgarian Financial Supervision Commission (FSC) show that local insurers ended the year with a 16% y-o-y GWP growth-rate, to BGN 2.52 billion (EUR 1.29 billion), while aggregate value of net profit increased by 29.42% y-o-y, to BGN 118.12 million (~ EUR 60.40 million).
21 March 2019STATISTICS: MOLDOVA, FY2018: the market growth in euro almost doubled its growth in local currency
Moldovian insurers ended 2018 with GWP growth of 5.29% in local currency and by 10.08% in euro, by generating EUR 77.77 million in GWP.
21 March 2019STATISTICS: SLOVAKIA, 2008-2017: Insurance market shaped by Life business line
Between 2008-2017, the Slovak insurance market maintained a stable evolution, reflected in an almost horizontal graphical trendline, with no major spikes or drops in GWP. Overall market GWP fluctuated between EUR 1,967-2,135 million, almost equally divided between Life and Non-Life premiums.
21 March 2019CROATIA: February 2019 GWP increased by +5.76% y-o-y
In February 2019 total GWP value in Croatia reached HRK 1,818,336,162 (EUR 245 million), an increase of HRK 129,584,639 (+5.76%) compared to February 2018. Non-life GWP represented 76.51%, while Life classes reached a 23.49% share.
21 March 2019INGOSSTRAKH Insurance has traditionally held the leading position in the market of the Kyrgyz Republic in 2018
Based on 2018 results, the total GWP of INGOSSTRAKH Insurance Company under direct insurance agreements amounted to KGS 423,5 million, which in total market GWP, generated by 16 insurance companies of the Kyrgyz Republic, is equal to 40,9%.
21 March 2019PAID Romania marked 10 years of activity on the Romanian market
PAID Romania - The Insurance Pool against Natural Disasters marked 10 years of activity on the Romanian market during the second edition of the "Building the Future" Conference.
15 March 2019Book your seat at IFRS 17 Nordics Conference!
IFRS 17 Nordics, taking place on the 9th of May in Stockholm, is a unique chance to gain actionable insights that will help professionals make their IFRS 17 implementation project succeed.
14 March 2019Sava Re's FY2018 net profit rises 38% y-o-y 14 March 2019
The Sava Re Group ended 2018 with a net profit of EUR 43 million, delivering a 13.1% return on equity. In 2018, the Group's equity grew by 7.6% to EUR 340.2 million as of December 31, 2018. The Group's net technical provisions stood at EUR 1.1 billion.
14 March 2019RUSSIA: Motor Hull GWP increased by 3.8% y-o-y in 2018
Motor Hull GWP increased by 3.8% (from RUB 162.5 billion to RUB 168.7 billion) in 2018, while paid claims remained at almost the same level (RUB 83.2 billion vs RUB 83.3 billion a year ago), as regulator's data show.
14 March 2019RUSSIA: SBERBANK Life insurance in 2018 removed the market leader and came out on top in terms of GWP
Based on 2018 results, SBERBANK Life Insurance ranked first in terms of GWP among all market insurers. The company's GWP reached RUB 181.5 billion. As the same time, the insurer removed SOGAZ - whose GWP amounted to RUB 160.5 billion - from its leading position, as regulator's data show.
14 March 2019RUSSIA: in 2018 insurers paid 20% less y-o-y under court decisions
In 2018, legal settlements of insurers dropped by 20% (from RUB 20.8 billion to RUB 16.79 billion), although total volume of market paid claims increased by 2.5%, as the regulator's data show.
14 March 2019GENERALI Group results for year 2018
In 2018, GENERALI Group operating result reached EUR 4,857 million (+3.0%), with a net profit of EUR 2,309 mil. (+9.4%). The total gross written premiums (GWP) of the Group amounted EUR 66,691 mil. (+4.9%).
14 March 2019TAJIKISTAN: National Association of Insurance Companies created
In February 2019, the National Bank of Tajikistan announced the creation of the National Association of Insurance Companies, which will support the development of insurance activity in the country.
14 March 2019BULGARIA: insurer assets saw an increase of 4.8% y-o-y in 2018
The assets of Bulgarian insurers in 2018 increased by 4.8% y-o-y to BGN 7.645 billion (EUR 3.91 billion), according to the statistics of insurance activity, published by the National Bank of Bulgaria on March 11.
14 March 2019BELARUS: market growth in January 2019 exceeded 16% y-o-y
In January 2019, local market GWP amounted to BYN 123.8 million (+16.4% y-o-y), according to market figures published by the Ministry of Finance of the Republic.
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