News - Insurance
A.M. Best has affirmed credit ratings of Slovenian TRIGLAV and TRIGLAV Re
A.M. Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings of "a" of Zavarovalnica TRIGLAV, the parent company of the Slovenian TRIGLAV Group, and Pozavarovalnica TRIGLAV Re, a wholly owned subsidiary of TRIGLAV.
6 December 2018A.M. Best upgrades credit ratings of SAVA Re, d.d. to "A" (outlook stable)
A.M. Best has upgraded the Financial Strength Rating to A (Excellent) and the Long-Term Issuer Credit Rating to "a" of Slovenian Pozavarovalnica SAVA d.d. (SAVA Re), the parent company of the SAVA Re Group. The outlook of these Credit Ratings (ratings) is stable.
6 December 2018STATISTICS: SERBIA, 3Q2018: Top 5 insurers covered about 80% of total market
In 3Q2018, the Serbian insurance market totaled RSD 74.6 billion (EUR 630 million), representing an increase of 5.2% on a year earlier, according to the statistics published by the National Bank of Serbia (NBS).
5 December 2018STATISTICS: ESTONIA, 3Q: Motor and property policies accounted for 70% of the market's GWP
Estonian insurance market totaled EUR 357 million at the end of September 2018, up by 13.7% y-o-y, according to quarterly market figures published by the Estonian National Statistics Board.
5 December 2018RUSSIA: for 9 months return on equity on TOP-5 insurers amounted to 40.6%
According to the financial results as of the end of the 3rd quarter, the return on equity of TOP-5 Russian insurers amounted to 40.6%, the report on financial stability prepared by the Bank of Russia shows.
5 December 2018RUSSIA: Bank of Russia approved the expansion of MTPL tariff corridor
The Regulation providing for the expansion of the base MTPL tariffs by 20% up and down was approved by the Bank of Russia, ASN reported. The new tariff corridor will be within RUB 2,746 - 4,942 (instead of the existing RUB 3,432 - 4,118).
5 December 2018RUSSIA: MTPL combined loss ratio as of the end of the 3rd quarter dropped by more than 40%
Based on the report on financial stability for the 2nd and 3rd quarters, prepared by the Bank of Russia, MTPL combined ratio dropped to 79.2% (vs 119.9% a year ago).
5 December 2018AZERBAIJAN: Xalq Hayat Sigorta may become a new life insurer
Insurance company Xalq Hayat Sigorta was registered on November 23 and has applied to Azerbaijan's Financial Market Supervisory Authority (FIMSA) for obtaining an insurance license, the news agency Trend wrote.
5 December 2018AZERBAIJAN: the market y-o-y growth exceeded 33% as of the end of October
GWP of Azerbaijani insurance companies in January-October 2018 amounted to AZN 617.2 million (+33.4% y-o-y), according to the report of Azerbaijan's Financial Market Supervisory Authority (FIMSA).
5 December 2018GENERALI completes the acquisition of CONCORDIA companies
Italian insurer GENERALI announced it entered into the final agreement to acquire full control of the Polish insurers CONCORDIA Capital (life insurance) and CONCORDIA Polska TUW (non-life insurance) from their German shareholders CONCORDIA Versicherung and Vereinigte Hagelversicherung.
5 December 2018Wolfgang STOCKMEYER appointed as VIG's BTA Baltic new Board Chairman
Wolfgang STOCKMEYER (49) has been appointed, on 30 November 2018, Chairman of the VIG's subsidiary BTA Baltic Management Board, as part of a series of changes in the composition of its Management Board operated by the main player of Austrian Group in the Baltic region.
5 December 2018AEGON appointed new Head of Corporate Communications
Frans de BEAUFORT has been appointed as the new Head of Corporate Communications at AEGON as of December 1, the as the Dutch financial group announced in a press release.
5 December 2018The CEE real estate market - increasing demand for title insurance
"Fifteen years after its introduction, title insurance continues to play a growing role in the CEE real estate market," Jean-Bernard WURM, Co-Founder & Managing Director of Secure Legal Title, London said talking to Property Forum about the trends in the CEE region's real estate sector.
29 November 2018RUSSIA: the XVII Annual November Business Meetings for Reinsurers took place on November 21-22, 2018 in Moscow
The XVII Annual November Business Meetings (NBM) for Reinsurers took place on November 21-22, 2018 in Moscow in the Modern Business Center located in the historic building in the very center of Moscow, according to the post release of the Delovoy Format Group.
29 November 2018UKRAINE: GWP of UNIQA group for 9 months went up by 27% y-o-y
UNIQA Group's Ukrainian subsidiaries, UNIQA and UNIQA Life, generated GWP in the amount of UAH 2 billion (~EUR 60.37 million) in 3Q2018, which is 27.1% more y-o-y, as Forinsurer informed.
29 November 2018STATISTICS: LITHUANIA, 3Q: Insurers' GWP increased by EUR 75 million, fueled especially by the two motor classes
Lithuania's insurance market increased by almost 13% y-o-y totaling EUR 655 million at the end of September 2018, according to the Lietuvos bankas's 3Q figures.
29 November 2018STATISTICS: MOLDOVA, 3Q2018: motor insurance keeps more than 70% of the market
Insurance market of Moldova as of the end of September went up by 2.27% y-o-y. At that, thanks to the favorable exchange rate evolution against euro, the market growth in European currency amounted to 7.36% (GWP of EUR 55.27 million).
29 November 2018STATISTICS: BELARUS, 3Q2018: paid claims amounted to almost half of the total market GWP
Insurers of Belarus for 3 quarters in 2018 generated GWP in the amount of BYN 906.62 million (EUR 369.49 million). The market growth in local currency reached 16.1% and in euro the growth was less impressive - by 9.49% only.
29 November 2018CROATIA osiguranje, best insurer in 2018 according to the Croatian Chamber of Economy
CROATIA osiguranje is the 2018 winner of the "Zlatna Kuna" award in the insurance industry, a recognition of the relevant role played by the company in the local financial market, presented by the Croatian Chamber of Economy.
29 November 2018UKRAINE: GWP of UNIQA group for 9 months went up by 27% y-o-y 29 November 2018
UNIQA Group's Ukrainian subsidiaries, UNIQA and UNIQA Life, generated GWP in the amount of UAH 2 billion (~EUR 60.37 million) in 3Q2018, which is 27.1% more y-o-y, as Forinsurer informed.
29 November 2018
