Insurance -

Editor: Marina MAGNAVAL
2018-04-20

In 2017 AzRe generated AZN 50.4 million (~EUR 24.81 million) of GWP. Total income of the reinsurer in 2017 was AZN 54.6 million (~EUR 26.88 million) and total expenses amounted to AZN 28.8 million (~EUR 14.18 million).

Renowned speakers gather in June in Nairobi to chart the way forward in insurance

Editor: Adina TUDOR
2018-04-20

The 8^thAnnual Insurance and Reinsurance Conference, themed "Innovate to Capture Growth Potential", taking place in Nairobi, aims to explore opportunities that will enhance insurance penetration levels in Africa.

VIG Re, FY2017: Profit before tax up by 5% y-o-y

Editor: Daniela GHETU
2018-04-19

VIG Re reported for 2017, on consolidated basis, GWP of EUR 459.9 million, up by 10.2% y-o-y. Premium growth was driven by the Property & Casualty segment which grew by 13.0% to EUR 422.4 million. Main markets which account for growth were CEE and DACH.

VIG's annual result for 2017 confirmed a clear improvement in all key figures

Editor: Daniela GHETU
2018-04-19

Vienna Insurance Group (VIG) has published its Group Annual Report for the financial year 2017, confirming the preliminary figures published earlier. At the same time, VIG is also making its first sustainability report available online. Both documents are available on the Group's web page.

Bosnia: Gradual liberalization of the MTPL market in FBiH approved by the House of Representatives

Editor: Daniela GHETU
2018-04-19

The House of Representatives of the Parliament of FBiH, one of the two administrative entities that form Bosnia & Herzegovina has approved this week the new law on compulsory MTPL, taking thus a big step towards the a free MTPL market.

STATISTICS: TURKEY, FY2017: MTPL experienced a technical loss of about EUR 120 million

Editor: Vlad BOLDIJAR
2018-04-19

Total insurance premiums in Turkey reached TRY 46.5 billion (EUR 10.3 billion) in 2017, 15% up y-o-y, according to data from the Turkey Insurance Association (TSB). Due the depreciation of Turkish lira against Euro by about 20%, the nominal change in European currency was negative (-5.5%).

STATISTICS: UKRAINE, FY2017: total market growth amounted to more than 23%; non-life up by 25% in local currency

Editor: Marina MAGNAVAL
2018-04-19

Ukrainian insurance market in 2017 grew overall by 23.49%, while the non-life sector saw an above average performance, with GWP increasing by 25% in local currency, data published by the National Financial Services Commission of Ukraine show.

STATISTICS: CYPRUS, FY2017: Non-life underwriting result increased by more than 10%

Editor: Vlad BOLDIJAR
2018-04-19

Total FY2017 GWP amounted to EUR 816.6 million, compared to EUR 765.3 million in 2016, representing a healthy 6.5% growth, according to the market figures published by the Insurance Association of Cyprus - IAC.

GENERALI to sell its Belgian operations for EUR 540 million

Editor: Vlad BOLDIJAR
2018-04-19

Assicurazioni GENERALI said it has entered into a binding agreement with ATHORA Holding to sell its entire stake in GENERALI Belgium, an insurance company primarily focused on the life segment.

FITCH affirms Kazakhstan's long-term foreign-currency issuer default rating at BBB/Stable outlook

Editor: Marina MAGNAVAL
2018-04-19

FITCH Ratings affirmed Kazakhstan's long-term foreign-currency issuer default rating (IDR) at 'BBB" with a Stable Outlook which reflects strong public and external balance sheets due to large government savings and a substantial sovereign net foreign asset position.

EUROINS Insurance Group to acquire Ukrainian travel insurer ERV

Editor: Vlad BOLDIJAR
2018-04-19

Bulgaria-based EUROINS Insurance Group (EIG) announced is acquiring ERV Ukraine, the travel insurance business of Germany-based ERGO, part of German global reinsurer MUNICH Re. "The two companies have signed purchase agreements. The deal is expected to be finalized after obtaining regulatory approvals".

Azerbaijani A-Qroup showed premium growth in the first quarter

Editor: Marina MAGNAVAL
2018-04-19

A-Qroup based on its 2018 first quarter results saw a gross premium growth assessed at 13% - said the insurer's official report. Insurer's total premium volume amounted to AZN 1.83 million (EUR 0.87 million) in 1Q2018, thus exceeding the similar result of the previous year.

GOTHAER Asigurari Reasigurari paid in 2017 over RON 13 million for crops, livestock and poultry claims in Romania

Editor: Adina TUDOR
2018-04-19

In 2017, the gross written premiums in the portfolio of GOTHAER Asigurari Reasigurari, for the agricultural insurance segment, including both crops and livestock and poultry, reported a 14.7% growth v. last year.