Insurance -

FITCH: German non-life GWP expected to grow 2% in 2017

2017-08-23

Gross premium written by German non-life insurers are expected to grow 2% in 2017 and 1% in 2018 following an increase of around 3% in 2016, driven by higher pricing, FITCH Ratings says in a new report.

TRIGLAV H1 net profit up to EUR 36.1 million, whithin the FY2017 range of EUR 70-80 million

Editor: Vlad BOLDIJAR
2017-08-23

Slovenian insurer TRIGLAV announced its first-half consolidated net profit increased by 6% y-o-y to EUR 36.1 million, while its profit before tax totaled EUR 42.4 million (vs. EUR 43.2 million a year before).

Bulgarian insurance brokers' mediated GWP up by 15.6% y-o-y

Editor: Daniela GHETU
2017-08-23

Bulgarian insurance brokers have mediated gross premiums worth BGN 617.9 million (EUR 315.9 million), 15.6% up y-o-y, in 1H2017. The largest share of the total mediated premium came from the MTPL insurance line.

VIG 1H2017: Improved overall combined ratio and higher profitability in its core markets led to a 9.6% growth in the Group's profit before taxes

Editor: Daniela GHETU
2017-08-23

Vienna Insurance Group (VIG) ended 1H2017 with group GWP of almost EUR 5 million (~1% up y-o-y) and a 9.6% increase in the profit before taxes, to EUR 221 million. The combined ratio improved to 96.9%.

TRIGLAV Group appointed Barbara SMOLNIKAR as Management Board member

Editor: Vlad BOLDIJAR
2017-08-23

Slovenian TRIGLAV Group announced the Supervisory Board appointed Barbara SMOLNIKAR a new Management Board member for a five-year term. She will be responsible for life and pension insurance.

Register now at the 2017 Life Insurance Conference by LIMRA EMEA

Editor: Adina TUDOR
2017-08-23

Innovation is the new key to growth, and this is why this year the Life Insurance Conference by LIMRA EMEA focuses on "Power shift: New expectations".

NAIA: The professional standard of insurance specialists in Russia to be updated in the light of unique features in the work of insurance adjusters

2017-08-23

The National Association of Insurance Adjusters (NAIA) took part on the work group session of All Russian Union of Insurers (VSS), dedicated to the updating of the professional standard #444 "Specialist in Insurance".

Bulgarian NADEZDHA Insurance Company's licence revoked

Editor: Daniela GHETU
2017-08-23

The Bulgarian Financial Supervision Commission (FSC) has revoked the licence of NADEZDHA Insurance Company for carrying out insurance activity for all classes of insurance, forbidding the company to conclude any new re/insurance contract for six months.

Verisk acquires re/insurance software specialist Sequel in a GBP 250 million deal

Editor: Daniela GHETU
2017-08-23

Verisk Analytics said it is to acquire commercial and specialty insurance and reinsurance software specialists, in a deal expected to further expand Verisk's offerings and give the firm a stronger foothold in the London market.

UPDATE: PZU adopts emergency measures to support customers affected by the last week's extreme windstorms

Editor: Daniela GHETU
2017-08-23

Some 2,600 buildings and 44,000 hectares of forest were distriyed by straight-line winds that hit Poland on 11-12 August, data gathered by RMS show. Insured losses may amount up to EUR 100 million, says the local press.