News - Insurance
KAZAKHSTAN: in 2018 assets and equity of the insurers went up by more than 13% amid a decrease of GWP
In 2018 assets of the Kazakh insurance sector increased by 13.3% y-o-y from KZT 925.34 billion to KZT 1.05 trillion, as allinsurance.kz wrote.
7 March 2019HANNOVER Re, FY2018: profit target achieved and rather optimistic expectations for the year-end results
Hannover Re has generated Group net income of EUR 1,059.5 million (EUR 958.6 million) for the past financial year and thus achieved its profit target. The Group expects net income should reach an amount in the order of EUR 1.1 billion by the end of 2019.
7 March 2019Unconfirmed rumors: AON will not buy its rival WTW
"Re/insurance brokerage Aon in talks to buy rival Willis Towers Watson" - titled international financial media in the past days. Yesterday, AON confirmed that it does not intend to pursue a deal to acquire rival broker Willis Towers Watson.
7 March 2019SLOVAKIA: Up to 241,000 vehicles on the roads without MTPL coverage in 2018
According to the Slovak Insurers Bureau (SKP) and Statistical Office of the Slovak Republic, there were around 241,000 motor vehicles without a valid MTPL policy on road in 2018. Through the Guarantee Fund, SKP paid for 2,706 claims as a result of accidents caused by uninsured vehicles.
7 March 2019POLAND: UFG published its annual rankings of insurer data quality
The Insurance Guarantee Fund of Poland (UFG) published its 8th annual review of data quality provided by insurance companies. According to UFG's ratings, PZU, TUW TUW, Link4, Compensa and Allianz were the top 5 insurers in 2018.
7 March 2019POLAND: MAK Group and STBU brokers merge creating the first broker with over PLN 1 billion mediated premiums
The management boards of the MAK Group and STBU announced the two brokers will merge, creating the biggest player in the intermediation segment. In 2018, the aggregated volume of intermediated premiums exceeded PLN 1 billion, a historical record.
7 March 2019AZERBAIJAN: according to Association of Insurers, market development will accelerate this year
According to the Chairman of the Association of Insurers of Azerbaijan (ASA) Azer ALIYEV, thanks to newly approved insurance rules and the introduction of new voluntary types of insurance, the local market's development will accelerate this year, Trend News Agency reports.
7 March 2019HANNOVER Re appointed Silke SEHM to Executive Board
The Supervisory Board of HANNOVER Re has appointed Silke SEHM as a full member of the Executive Board with immediate effect. She succeeds Jurgen GRABER, who passed away unexpectedly on 9 November 2018.
7 March 2019AON, 2019 Cyber Security Risk Report: "With great opportunity comes great risk"
The current global tendency is to shift physical assets to digital; material archives are moved to hard drives or cloud storage, from retail stores to online platforms. On February 2019, AON released a report on cyber risks that significantly threaten modern business' activity.
7 March 2019STATISTICS: TURKEY, FY2018: Insurance posted 17.4 y-o-y growth rate in local currency
The insurance industry in Turkey posted a growth of 17.4% y-o-y in GWP to TRY 54.6 billion (EUR 9 billion) in 2018, according to preliminary data released by the Insurance Association of Turkey (TSB).
7 March 2019STATISTICS: BOSNIA AND HERZEGOVINA, 2008-2017: y-o-y increases on main insurance lines, MTPL dominated the market
Bosnian insurance market grew solidly y-o-y, in terms of gross written premiums (GWP), from EUR 232 million in 2008 to EUR 349 million in 2017. Around half of premiums were brought by MTPL only. Paid claims (PC) fluctuated between EUR 95 - 136 million.
7 March 2019TRIGLAV Group, FY2018: 15% increase in the gross profit and growth in all insurance markets and segments
According to unaudited data, TRIGLAV Group booked EUR 1,068 million in GWP, 7% more y-o-y, and achieved profit before tax of EUR 97.5 million (15% up y-o-y). Premium growth was recorded in all insurance markets and segments, while the Group strengthened its leading position in the region.
7 March 2019Region's leading cyber insurance summit returns to Singapore this July
Taking place in Singapore, from 23-26 July 2019, the 4th Cyber Insurance Summit, supported by XPRIMM Publications as Media Partner, aims to discuss some of the most prominent Developments and Opportunities driving the Cyber Insurance industry across Asia.
7 March 2019Arkadiusz GESICKI, appointed managing Director for Business Development at PZU
Arkadiusz GESICKI was appointed managing Director for Business Development at PZU, responsible for the Strategy and Design Office and the Business Development Office.
7 March 2019EUROLINK Macedonia awarded for its contribution to entrepreneurship development in the Central and Southeastern Europe
EUROLINK Insurance, Macedonia, was awarded for its contribution to the development of entrepreneurship in Central and Southeastern Europe at the 2018 Creators for Centuries project, the company said.
7 March 2019New appointments made inside AXA CZ & SK
Starting with March 2019, AXA Group will have a new Chief Risk Officer and a new Chief Technical Insurance Officer operating inside Czech Republic and Slovakia. The changes are waiting for regulator's approvals.
7 March 2019JUNGSTHOFEL and WARKENTIN have been appointed to the Management Board of HDI Service AG
German insurer TALANX Group announced it provides greater integration of HDI Service AG, responsible for Human Resources, Internal Services, Purchasing and Accounting, with the operating divisions in Germany.
7 March 2019KAZAKHSTAN: GWP in January 2019 went up by more than 40% y-o-y
According to the National Bank of Kazakhstan, as of February 1, 2019 total assets of the re/insurance companies amounted to KZT 1080,0 billion (+3% year-to-date).
7 March 2019The 2nd International Insurance and Reinsurance Congress to be held in Moscow on April 10-12, 2019
The Congress organized under the title "Global Objectives 2019", with the support of the All-Russian Insurance Association, will combine two events, as a year before: the Insurance Conference and the 23rd Annual Reinsurance Conference.
5 March 2019AVIVA appoints its International Insurance CEO, Maurice TULLOCH, to the top executive position
Aviva plc ("Aviva") announced Maurice TULLOCH will become Chief Executive Officer with effect from today, 4 March 2019.
5 March 2019
