News - Insurance
STATISTICS: KAZAKHSTAN, FY2018: non-life dropped by almost 3%, while life keeps strengthening
For 2018 Kazakh market increased by about 4%, total GWP amounted to KZT 384.8 billion (EUR 875.9 million). However, data denominated in European currency saw an opposite trend, showing a market decline by 5.77%, as statistical figures of the National Bank of Kazakhstan show.
30 January 2019STATISTICS: ALBANIA, FY2018: Paid claims and indemnities expanded by a quarter during 2018
The Albanian insurance industry totaled over ALL 16.19 billion (~EUR 136.7 million) at the end of 2018, or 4.7% more y-o-y. The number of issued insurance contracts reached 1,309,143 showing a y-o-y increase of 5.89%, according to data published by the Albanian Financial Supervisory Authority (AFSA).
30 January 2019TAJIKISTAN: two insurers established in January 2019
In January this year the National Bank of Tajikistan has granted operating licenses to two new insurance companies - MEHRUBON and Tajik-Chinese Insurance.
30 January 2019PensionsEurope and APAPR warn that unreasonable new capital requirements would devastate Romanian DC pension plans
Romanian 2nd Pillar pension funds seem doomed to repeatedly face state's attempts to dismantle the private pensions system launched just over a decade ago, although they have constantly recorded positive results, providing in average for one of the highest returns in Europe.
30 January 2019ARMENIA: Universal health insurance fund to go live from 2021, based on Estonian experience
From 2021 a Universal health insurance fund will start operations within the frame of the phased introduction of the compulsory health insurance (CHI) system, as Arsen TOROSYAN, the Health minister of Armenia, announced.
30 January 2019ALLIANZ to expand its footprint in Asia by entering the Vietnam's non-life market
ALLIANZ announced its intention to enter the general insurance sector in Vietnam through a digital joint venture (JV) to be set up with the FPT Group - "driving long-term success in the market and expanding ALLIANZ's footprint in Asia".
30 January 2019BULGARIA: MTPL insurers' contribution to the motor Guarantee Fund raised by BGN 2 per policy
Bulgarian FSC (Financial Supervision Commission) has raised the fixed amount of contribution that Bulgarian insurers have to transfer to the Guarantee Fund for each MTPL contract issued, as a followup to the December 20th discussion when the Commission initially talked about a possible change in the amount of contribution.
30 January 2019Marsh & McLennan Agency to acquire Bouchard Insurance
Marsh & McLennan Agency, the middle market agency subsidiary of Marsh, announced that it has reached agreement to acquire Clearwater, Florida-based Bouchard Insurance, a leading full-service agency in Florida.
30 January 2019Lloyd's appoints former US Senator as new member of the Council
Lloyd's announced the appointment of former United States Senator John SUNUNU as a new member of its Council for a three-year term, beginning February 6, 2019.
30 January 2019AIG Appoints Global Head of Accident & Health
American International Group announced the appointment of Edward LEVIN as Global Head of Accident & Health, General Insurance.
30 January 2019EIOPA calls for improvements to the assessment of the propriety of board members and qualifying shareholders of insurance companies
The European Insurance and Occupational Pensions Authority (EIOPA) published the findings of its peer review examining how national competent authorities (NCAs) assess the propriety of administrative, management or supervisory body (AMSB) members and qualifying shareholders.
30 January 2019Gunther SAACKE to step down as CEO of QATAR Re
Gunther SAACKE has informed the BoD of QATAR Re of his intention to step down as CEO of the reinsurer at the next Board meeting, scheduled for March.
30 January 2019SAVE THE DATE: 8-9 April, Vienna - MOTOR and PROPERTY insurance latest trends on the IIF 2019 agenda
The Motor Insurance Conference and the Property Insurance Forum, two of XPRIMM's well know specialized events, taking place under the International Insurance Forum brand, will be hosted, once again, by the capital city of Austria.
25 January 2019EIG's second attempt to acquire Credit Agricole Life rejected by the Greek Central Bank
The Greek central bank's Credit and Insurance Committee announced it has banned the proposed acquisition of a 100% stake in Credit Agricole Life by the Bulgarian Euroins Insurance Group (EIG).
25 January 2019POLAND, 3Q2018: Bancassurance arrangements provided for 12.6% of the market GWP
The Polish bancassurance distribution channel provided for 12.6% of the total premium production of the local market in 3Q2018, i.e. for a GWP volume of PLN 5.8 billion.
25 January 2019ERGO's Croatian subsidiaries change of ownership got the official approval
SAVA Re was granted the Croatian Financial Services Supervisory Agency's approval for the direct acquisition of the control ownership package (over 50%) of the Croatian subsidiaries of ERGO, namely ERGO Insurance and ERGO Life Insurance, both domiciled in Zagreb.
25 January 2019Shareholders of Italian Net Insurance have designated the company's new management team. Matteo CARBONE heads the Innovation Advisory Board
The Italian Net Insurance company's newly elected Board of Directors nominated Luisa TODINI as President and Andrea BATTISTA, Chief Executive Officer. The Innovation Advisory Board, which plays a key role in the company's fundamental journey in the world of InsurTech will be guided by Matteo CARBONE.
25 January 2019CROATIA osiguranje gives up acquisition agreements in Bosnia & Herzegovina
CROATIA osiguranje (CO) has announced on 23 January that both agreements concluded in June last year, to acquire through its Bosnian subsidiary the full ownership of the Bosnian Testing Center LLC and the CENTRAL INSURANCE company, are canceled.
25 January 2019STATISTICS: SLOVAKIA, 3Q2018: insurers' profits decreased to EUR 120 million
In the first three quarters of 2018, the Slovak insurance market totaled EUR 1.67 billion, thus increasing by 3.82% y-o-y, according to the quarterly financial figures published by the National Bank of Slovakia (NBS).
25 January 2019UKRAINE: insurance of individuals in 3Q2018 increased by more than 20% y-o-y
Personal insurance lines in Ukraine are showing a rapid growth. In 3Q2018 GWP from individuals amounted to UAH 13.39 billion (+20.5% y-o-y), as Forinsurer wrote.
25 January 2019
