News - Insurance
POLAND: Acquisition of Pramerica Zycie TUiR SA by Unum Group complete
Unum Group completed its purchase of Pramerica Zycie TUiR SA ("Pramerica"), a financial protection provider in Poland that will support Unum's long-term growth strategy of protecting more people.
3 October 2018Siobhan O'Brien to lead International Cyber strategy, innovation and product development in a newly created role at Guy Carpenter
Guy Carpenter & Company announced the appointment of Siobhan O'Brien as Head of the Cyber Centre of Excellence for International and Global Specialties, effective October 1.
3 October 2018NAVYA and AXA create partnership to launch insurance solutions for autonomous vehicles
To mark the opening of the 2018 Paris Motor Show, AXA announced the launch of a 3-year partnership with NAVYA, a leading company in the autonomous vehicle market and smart/shared mobility solutions, to develop insurance solutions tailored to autonomous vehicles.
3 October 2018Flood Re announces reduction in reinsurance premium charges of up to GBP 112
Flood Re has announced that reinsurance premiums it charges to insurers will be reduced starting January 1, 2019. The decision is expected to ease the costs of flood cover for people most at risk of flooding in the UK.
3 October 2018STATISTICS: UKRAINE, 1H 2018: 98% of risk insurance GWP accumulated by 100 insurers out of 291
According to the National Financial Services Commission, as of July 1, 2018, the total number of Ukrainian insurers amounted to 291, including 31 life insurers and 260 risk insurers. For the first half year total number of insurers decreased by 9.
27 September 2018STATISTICS: Slovak Rep., 1H2018: consolidated net profit EUR 86 million, down 4% y-o-y
Slovak insurers have reported GWP worth EUR 1.13 billion in 1H2018, 4.46% up y-o-y. At the same time, claims paid have increased by almost 13% y-o-y, to EUR 649.2 million.
27 September 2018TURKEY: reinsurance pool to be formed under the New Economic Plan; employees' participation in the private pensions system mandatory for three years
Turkey's insurance market will see soon a new reinsurance pool being formed, according to the provisions of the New Economic Plan (YEP) aiming to ease access of the so called "risky enterprises" to insurance programs.
27 September 2018UNIQA expands the successful CHERRISK model to other European markets
Developed by the Hungarian branch of UNIQA, the innovative CHERRISK model will be expanded to Europe, thus confirming the success recorded by an initiative launched in 2014, aiming to better interact with the young generations of customers.
27 September 2018TRIGLAV Group to Acquire the Slovene Asset Management Company ALTA Skladi
On 21 September 2018, TRIGLAV Skladi, a TRIGLAV Group member, and the seller Alta Skupina signed an agreement to acquire a 100% stake in the Slovene asset management company ALTA Skladi, druzba za upravljanje.
27 September 2018Hungary: extreme weather caused less damage this summer, but new phenomena are gaining ground
According to the first estimations of the Hungarian Association of Insurers (MABISZ), local insurers paid HUF 3.17 billion (EUR 9.7 million) between May 1 and August 31 for over 57 thousand claims for damages caused to individual and condominium buildings by storms, rainstorms, lightning, and hail.
27 September 2018Poland: Full online access to the Insurance Guarantee Fund communication database
The full history of MTPL and Motor Hull insurance is now available online for every vehicle owner in Poland. In addition, all drivers - even if they are not the owners of the vehicle - can check their accidents history.
27 September 2018XVII-th November Business Meetings (NBM) of Reinsurers - registration opened
The XVII-th edition of the November Business Meetings (NBM) of Reinsurers will take place on November 21-22, 2018 in Moscow, at "Novaya Ploschad" Business Center, the already traditional venue of the event, since 2012.
27 September 2018CROATIA osiguranje to absorb its credit insurance unit
The Central Depository and Clearing Company - SKDD announced that Croatia Osiguranje absorbed its credit insurance unit unit Croatia Osiguranje Kredita. "The corporate action of Acquisition of the Companies will be executed on 1 October 2018", as the institution announced in a statement.
27 September 2018RUSSIA: agro insurance in 1H2018 dropped by 36%
The agro insurance segment based on the Central Bank dropped by 36% to RUB 1.66 billion in the 1H 2018. The biggest contribution to the segment was made by agro insurance without state support (+2.8% to RUB 904.3 million), according to the National Association of Agriculture Insurers (NAAI).
27 September 2018KYRGYZSTAN: development of agro insurance is planned on the basis of Turkish experience
Kyrgyzstan plans to develop agro insurance of crops and livestock based on the experience of Turkey, said information agency Kabar.
27 September 2018AZERBAIJAN: annual growth rate of premiums in January-August exceeded 40%
For the period of January-August, Azeri insurers' GWP amounted to AZN 516.924 million (+40.1% y-o-y), as the financial market supervisory authority reported. Paid claims reached AZN 168.582 million (+0.9%).
27 September 2018Half of Austria has no insurance coverage for accidental injuries representing 75% of all cases
Every day in Austria more than 2,100 people are injured severely enough to need hospital treatment. Yet only one in two Austrians has a personal accident policy, although such coverage is one of the most basic insurance covers that nobody should forego, cautions UNIQA Austria.
25 September 2018UKRAINE: for January-July, annual growth of MTPL amounted to 20.5% and Green Card went up by 25%
For 7 months, Ukrainian insurers (members of MTIBU, the Motor Transport Insurance Bureau of Ukraine) generated UAH 2.57 billion of MTPL premiums (+20.5%). The total number of MTPL policies, according to MTIBU, increased by 4.2% and amounted to almost 4.6 million units.
24 September 2018RUSSIA: annual growth of Motor Hull premiums reached 3.1% in the first half year
For the first half year 2018, Motor Hull GWP amounted to RUB 80.1 billion (+3.1% y-o-y). According to the Central Bank, Motor Hull premiums saw growth for the first time in the last 3 years (in 2016, for example, premiums decreased by 9%, in 2017 - 4.8%).
24 September 2018RUSSIA: approximate cost of the new platform under the recent law on household insurance will be up to RUB 60 million
Under the new law on household insurance, insurers are ready to create a new platform to launch a federal information resource on household insurance, according to the head of the Information Systems Department of the Russian Association of Motor Insurers, Alexey SAMOSHIN.
24 September 2018
