News - Insurance
Aon appoints PETREVSKI as Senior VP and GM of Data & Analytic Services
Global re/insurance broker Aon announced it has promoted Steve PETREVSKI as Senior Vice President and General Manager of Data & Analytic Services to drive its growth strategy through new capabilities that leverage emerging technologies for digital businesses and accelerate foundational Data and Analytic Services capabilities. PETREVSKI will report to John Bruno, CEO of Data & Analytic Services and COO of Aon.
25 May 2020AVIVA appoints George CULMER as Chairman
AVIVA plc announced the appointment of George CULMER as Non-Executive Chairman with effect from the 27th May 2020, following the AVIVA AGM.
25 May 2020UNIQA, 1Q2020: The group recorded a negative net result for the first time since 2011 euro crisis
UNIQA Group ended the first three months of 2020 with a consolidated net result of EUR -13.2 million, COVID-19-related market effects forcing UNIQA to report a negative quarterly result for the first time since 2011 euro crisis. The result compares to an EUR 32.2 million net profit in the first quarter of 2019.
22 May 2020New leadership team at the insurers' association of Bosnia and Herzegovina
Damir HADZIC, President of the Management Board of Euroherc osiguranje dd Sarajevo, was reelected as President of the Management Board of the Association of Insurance Companies in the Federation of BiH (UDO FBiH) for the 2020-2024 term.
21 May 2020TUW PZUW is the mutual insurance market leader in Poland, with record results in 2019
TUW PZUW, the mutual insurer established by the PZU Group in 2016, ended 2019 with written premiums worth PLN 690 million while doubling its net profit and technical result as compared with 2018 and reaching a 31% market share on the mutual insurance market in Poland.
21 May 2020Generali, 1Q2020: P&C combined ratio improved to 89.5%
For the first three months of 2020, Generali Group recorded a net profit of EUR 113 million, 84.8% lower year-on-year. The group's operating result reached EUR 1,448 million, up 7.6%, driven by P&C and Asset Management growths.
21 May 2020STATISTICS: SEE region, FY2019: Regional insurance market expanded to more than EUR 15 billion at the end of the year
At the end of 2019 the SEE insurance market (the region formed by Cyprus, Greece and Turkey) totaled about EUR 15.3 billion in terms of GWP, 12.5% more y-o-y, according to preliminary figures centralized by XPRIMM.
21 May 2020Vienna Insurance Group, 1Q2020: GWP expanded 7.2% y-o-y
For the first quarter of 2020, Vienna Insurance Group (VIG) recorded a net profit (after non-controlling interests) of EUR 85.8 million, 2.8% higher y-o-y.
20 May 2020VIG Re, 1Q2020: Net earned premiums climbed 35.7% y-o-y
VIG Re, part of the Austrian Vienna Insurance Group, ended the first three months of 2020 with a net profit of EUR 2.4 million, -42.5% lower y-o-y, impacted, as most reinsurers, by the effects of COVID-19 crisis on the financial markets and a higher volume of claims.
20 May 2020AZERBAIJAN: Central Bank revoked the license of Standard Insurance
The Central Bank of Azerbaijan (CBA) has decided to revoke the license of Standard Insurance, as the agency FINEKO ABC.AZ informed.
20 May 2020UKRAINE: from July 1, the National Bank will be ready to become the regulator of the non-banking services market
The National Bank of Ukraine (NBU) continues its preparations for the transfer of regulatory functions of non-banking financial services market from the National Financial Services Commission, to become effective on July 1, 2020, Forinsurer reports.
19 May 2020RUSSIA: dividends of RESO-Garantia for 2019 will amount to half of its net profit
Based on the results for 2019, RESO-Garantia will pay dividends to its shareholders in the amount of RUB 4.9 billion (~EUR 70.7 million), which is about half of the group's net profit (RUB 9.8 billion) recorded last year, ASN reports citing the press-service of the insurer.
19 May 2020RUSSIA: in 1Q2020 accumulative insurance share reached 26% of the life GWP
For the first quarter, GWP of KAPITAL Life (among TOP-5 life insurers) increased by 14% y-o-y, exceeding RUB 5.3 billion (~EUR 61.82 million). Besides, based on the quarterly results, the company maintained leadership in terms of the number of effective accumulative life insurance contracts, ASN reports based to the data of the All-Russian Insurance Association (ARIA).
19 May 2020DIA: How insurtechs and insurers are helping to fight the pandemic
Written by - Roger Peverelli & Reggy de Feniks - Founders The DIA Community
19 May 2020Online Event: Insurance AI and Innovative Tech Virtual
Even before Covid-19 began its global march, the insurance industry was gearing up for profound change. But as the events of 2020 continue to evolve, there is growing sense of urgency for carriers to accelerate delivery of spot-on solutions for their customers.
19 May 2020Triglav Group, 1Q2020: Gross premiums written increased to EUR 349 million
Between January - March 2020, Triglav Group registered a net profit of EUR 22.4 million, 12% lower year-on-year due to major CAT events and a sharp decline on the international financial markets caused by COVID-19 pandemic.
19 May 2020Sava Insurance Group, 1Q2020: Operating revenues went up 16.2%
For the first quarter of 2020, Sava Insurance Group generated operating revenues in amount of EUR 149.0 million (+16.2% year-on-year) and a net profit of EUR 10.3 million (-5.6% y-o-y).
19 May 2020Global Commercial insurance pricing up 14% in Q1 2020
Global insurance broker MARSH released last week the Global Insurance Market Index for the first quarter of 2020. The increase, the largest since the index was launched in 2012, comes despite the minimal impact of the COVID-19 global pandemic on pricing in the quarter.
18 May 2020BULGARIA: GROUPAMA Life Insurance gets regulatory nod to absorb GROUPAMA EXPRESS Life
Bulgaria's Financial Supervision Commission announced that it approved that local life insurer GROUPAMA Life Insurance to absorb its other life unit: GROUPAMA EXPRESS Life.
18 May 2020Irene DORNER is appointed Chairwoman of AXA's Audit Committee
Following the death of Stefan LIPPE - AXA Director since 2012 and former Chief Executive Officer of the Swiss Re Group, Director of the Company and Chairman of the Audit Committee, AXA's Board of Directors, upon recommendation of its Compensation & Governance Committee, decided to designate Irene DORNER, director of the Company and member of the Audit Committee since April 2016, as Chairwoman of the Audit Committee. Irene DORNER should remain Chairwoman for approximately a year.
18 May 2020
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