News - Insurance
UKRAINE: 63% of complaints in 2018 were about MTPL
According to the National Financial Services Committee, the number of complaints regarding insurance activities in 2018 remained almost unchanged (5381 vs 5389 in 2017). At that the major part (63%) of the complaints were about MTPL, as Forinsurer wrote.
14 February 2019LITHUANIA: Lithuania's credit rating affirmed at A- with a positive outlook
In February, 2019 the international credit rating agency FITCH Ratings, based on the country's sound public finances and strong economic situation, affirmed Lithuania's long-term credit rating at A- with a positive outlook, as the Ministry of Finance of the Republic of Lithuania announced.
14 February 2019SLOVENIA: GENERALI completes acquisition of Adriatic Slovenica and quadruples the share it holds in the market GWP
Adriatic Slovenica's acquisition by the GENERALI Group has been completed, the Italian group announced on 13 February. By this acquisition the Italian group increases its contribution to the
market GWP about four times, to aprox. 18%.
14 February 2019AZERBAIJAN: AzSığorta ended 2018 with profit of AZN 4.7 million, capitalization increased by 16% y-o-y
AzSıgorta, which in terms of GWP ranked 8th on the local market in 2018, ended last year with profit of AZN 4.7 million, according to the Chairman of the board of the company, Anar TALYBOV.
14 February 2019RUSSIA: profit of ROSGOSSTRAKH, according to the preliminary data, in 2018 amounted to RUB 6 billion
Based on the preliminary data, in 2018 profit of ROSGOSSTRAKH for the first time during the last 3 years amounted to RUB 6 billion.
14 February 2019RUSSIA: RESO-Garantia acquires the Russian non-life insurer of ERGO Group
RESO-Garantia acquires 100% of ERGO (a subsidiary non-life insurer of ERGO Group AG in Russia) from ERGO International AG, as ASN wrote.
14 February 2019UZBEKISTAN: MOI insurance broker to open an office in the country
MOI Insurance broker, one of the leaders in risk management, is opening a representative office in Uzbekistan - -MOI Insurance Brokers Asia, according to the Ministry of Finance of the country.
14 February 2019UZBEKISTAN: GWP of O'zbekinvest Hayot in 2018 amounted to UZS 101.2 billion, preliminary data show
According to the preliminary data, GWP growth rate of O'zbekinvest Hayot in 2018 amounted to 59% (UZS 101.2 billion), as the information agency UzReport wrote.
14 February 2019RUSSIA: rating of VSK-Life line confirmed at ruA+
The national rating agency Expert-RA confirmed the rating of VSK-Life line at ruA+, outlook stable, as ASN wrote.
14 February 2019KYRGYZSTAN: property insurance led 2018 year in GWP and paid claims
The State Service on regulation and supervision of the financial market under the government of the Kyrgyz Republic (supervisor) on February 8, 2019 conducted a meeting of the Executive Council, dedicated to the results of 2018 and tasks for 2019, according to the statement on the official website.
14 February 2019GEORGIA: mandatory insurance of civil liability of vehicle owners to come into force in July, 2019
A bill, providing for mandatory insurance of civil liability of vehicle owners from July, 2019, soon will be submitted to the Parliament, as the international news agency Sputnik informed.
14 February 2019BELARUS: IMKLIVA Insurance received a gold medal as the Brand of the Year 2018
Insurance company IMKLIVA was awarded a gold medal and Grand-Prix at the Brand of the Year 2018 competition, as the Belarusian Association of Insurers informed.
14 February 2019ARMENIA: insurers' dissatisfaction with Armenia's Single Window for Automotive platform is growing
Armenian insurance companies are getting increasingly unhappy with the Armenia's Single Window for Automotive (ASWA) platform, designed for handling vehicle insurance-related cases because of suffering additional losses, as Hayk ARAKELYAN, the head of the Union of Insurance Agents, said.
14 February 2019MACEDONIA: Stopanska banka AD began a bancassurance project in collaboration with two large insurance companies from Macedonia
Stopanska Banka has become one of the largest insurance distribution channels in Macedonia, by starting - in the year that marked its 75th annyversary, a partnership with two important life insurers from the local market: CROATIA Insurance and UNIQA.
14 February 2019TRIGLAV Group wants to expand in Macedonia's pensions insurance market
Slovenia's top insurer Zavarovalnica Triglav plans to expand its activity in the Macedonian private pensions market. The Group is already present on the local insurance market, with two companies.
14 February 2019SLOVENIA: The new insurance distribution law is officially in force since 31 January 2019
The National Assembly has officially transposed the European directive of insurance distribution in the national law at 31 January 2019. This initiative has come in the context where most European countries have already adopted the directive in their own law system.
14 February 2019ERGO sold its non-life business in Russia to RESO-Garantia
ERGO Group AG announced the sale of 100% of its non-life business in Russia to RESO-Garantia. The parties have agreed not to disclose details of the purchase price.
14 February 2019STATISTICS: KOSOVO, FY2018: Insurers' net profit more than halves in 2018
The insurance market of Kosovo totaled EUR 93.5 million at the end of 2018, 7% more y-o-y, according to data provided by the Central Bank (CBK).
12 February 2019STATISTICS: ESTONIA, FY2018: Insurers' reorganization in the Baltic region influences the local market dynamic
Insurers operating on the Estonian market reported total GWP of EUR 552 million for the financial year 2018, up by 29.2% y-o-y, according to the market data published by the Estonian National Statistics Board.
12 February 2019ZURICH FY2018 BOP up by 20% to USD 4.6 billion and NIAS was up by 24% to USD 3.71 billion
ZURICH Insurance Group reported 2018 BOP of USD 4.56 billion vs. USD 3.80 billion a year before, while the net income after tax attributable to shareholders (NIAS) was up by 24% to USD 3.71 billion.
12 February 2019
