News - Insurance
AZERBAIJAN: MTPL reaches its peak, and life insurance may become the next market leader
According to the Chairman of the Azerbaijan Insurers Association (AIA) Mustafa ABBASBAYLI, MTPL on the Azeri insurance market is reaching its peak, Trend News Agency informed.
29 November 2018UKRAINE: for 9 months in 2018 insurance reserves went up by 15% y-o-y
Insurance reserves of Ukrainian insurers as of the end of September amounted to UAH 24.8 billion (+15% y-o-y; ~EUR 748.6 million), according to the member of the National financial services committee of Ukraine, Alexander ZALETOV.
29 November 2018KAZAKHSTAN: Swiss Re is expanding its presence in Kazakhstan based on agro insurance
Swiss Re is ready to extend its presence in Kazakhstan, according to the agro insurance underwriter of Swiss Re for Eastern Europe, Russia, Ukraine and Kazakhstan, Marcel ANDRIESSE (Senior underwriting Agriculture).
29 November 2018Zurich Insurance, Reinsurer of the Year at the 5th Middle East Insurance Industry Awards
The 5th Middle East Insurance Industry Awards (MIIA) gala dinner held in Dubai on 26 November saw Zurich Insurance winning for the second consecutive year the Reinsurance Company of the Year award.
29 November 2018QALA Insurance has announced ambitious plans for 2019
Azerbaijani QALA Insurance plans to collect AZN 16 million in premiums by the end of 2018, which would mean a 54.1% y-o-y growth, Deputy Chairman of the company Taleh YUSIFOV said recently, quoted by Trend.
29 November 2018VIG's underwritings up by 2.9% in Q3; year end targets confirmed
Vienna Insurance Group (VIG) continued its stable upward trend in 3Q 2018, achieving a further improvement in key figures. Given the positive development, VIG disclosed for the year end a GWP EUR 9.5 billion target and a result before taxed expected figure of EUR 450 - 470 million.
28 November 2018RUSSIA: total volume of lost crops in 2018 amounted to 1.2 million hectares with insured crops of 625 thousand hectares
Claims paid to farmers in 1H2018 reached RUB 706 million, while only 625 thousand hectares out of the total volume of 1.2 million hectares affected by natural disasters were covered by insurance, informed Korney BIJDOV at the annual forum "Insurance business during the era of changes", on October 30, 2018 in Moscow.
28 November 2018Jacek JASTRZEBSKI is the new Chairman of the Polish Financial Supervision Authority
KNF- the Polish Financial Supervision Authority has announced the appointment of Jacek JASTRZEBSKI as Chairman of the market regulator, replacing Marek CHRZANOWSKI who resigned amid corruption allegations.
28 November 2018AXA's new division, AXA XL, adopts the Group's sustainability and climate strategy
AXA announced that it will involve also AXA XL, its new division created after the XL acquisition, in the Group's sustainability and climate strategy, in an effort that might cost up to EUR 100 million in GWP, as well as EUR 660 million in divestment related to AXA's investment exclusions policy.
28 November 2018Free Webinar: UBER, Zurich, Direct Line Group on transforming innovative insurance product ideas into reality
The innovation race is on in insurance, to deliver relevant product and services for the modern customer. Join UBER, Zurich, Direct Line Group in an investigation on what products must look like, and in a practical sense, how insurers are going out to achieve this.
26 November 2018Romanian MTPL's market stabilization pushes the EIG's business down by 10%
The Bulgarian holding EROHOLD said its 3Q2018 revenues from insurance activity amounted to BGN 667.3 million (EUR 342 million). Compared to the same period in 2017, the revenues from insurance activity decreased by 6.6%.
26 November 2018ALLIANZ receives CBIRC approval to establish the China's first fully-owned foreign insurance holding company
ALLIANZ announced that it has received approval from the China Banking and Insurance Regulatory Commission (CBIRC) for the preparatory establishment of an insurance holding company in China.
26 November 2018Oliver BAETE reconfirmed ALLIANZ's Chairman of the Board for another five years term, until 2024
The Supervisory Board of ALLIANZ SE extended Oliver BAETE's contract as Chairman of the Board of Management until September 2024. The original contract was to expire end of September 2019.
26 November 2018VIG's reinsurance business expands its international footprint by opening a branch in Paris
VIG Re opens its second branch, in Paris, in November 2018. This marks the next step in the planned expansion of the Vienna Insurance Group's (VIG) reinsurance company in the West European market.
26 November 2018BMW, Audi and Toyota the most popular brands among the car thieves in Latvia
BMW, Audi and Toyota are the brands most targeted by the car thieves in Latvia, as well as seven to 12 years old automobiles, a representative of BALTA Insurance - member of the PZU Group, stated for the LETA news agency.
22 November 2018STATISTICS: SLOVENIA, 3Q2018: Top 5 insurers account together for more than three quarters of the market GWP
Slovenian insurers reported for 3Q2018 GWP worth EUR 1.78 billion, by 6.6% up y-o-y. Paid claims have increased by 4.8%, to EUR 1.15 billion. Life insurance, in particular the UL products line, have seen the highest growth rates.
22 November 2018STATISTICS: TURKEY, 3Q2018: double digit growth/decrease rates depending on the currency of denomination
The Turkish insurance market ended 3Q2018 with GWP worth TRY 39.5 billion, 18.16% up y-o-y. Yet, the dramatic depreciation of the Turkish Lira against Euro has affected once again the market results denominated in European currency, translating them in a double digit negative change.
22 November 2018STATISTICS: KYRGYZSTAN, 3Q2018: property insurance takes about 50% of GWP
For 9 months in 2018 GWP of Kyrgyz insurers amounted to KGS 638.96 million, according to the report of the State Service for Regulation and Supervision of the Financial Market under the Government of the Kyrgyz Republic.
22 November 2018STATISTICS: Greece, 3Q2018: Non-Life pushed-up the quarterly figures
The Greek insurers reported aggregate GWP of EUR 2.87 billion at the end of September 2018, up by 2.1% y-o-y, according to the nine-months market report published by the Hellenic Association of Insurance Companies (HAIC).
22 November 2018RUSSIA: the national rating of VTB Insurance confirmed at ruAAA
The national agency Expert RA confirmed the rating of VTB Insurance at ruAAA with stable forecast followed 100% sale of VTB Insurance to SOGAZ in November 2018, ASN wrote.
22 November 2018
