Insurance -

STATISTICS: ALBANIA, 1H2018: domestic mandatory motor TPL insurance reins the market, increasing its weight by 2 pp

Editor: Daniela GHETU
2018-08-16

The about 5% appreciation of the Albanian Lek against EURO has favored the market results denominated in European currency, showing a higher growth rate than in local currency. Thus, in EUR, GWP increased overall by 9.43%, to EUR 61.2 million.

STATISTICS: CROATIA, 1H2018: 9.6% Y-O-Y GWP growth accompanies by a 12% increase in the claims paid

Editor: Daniela GHETU
2018-08-16

Croatian insurers reported for 1H2018 GWP worth EUR 729.43 million, 9.6% up y-o-y. Paid claims amounted to EUR 375.18 million, 12% up y-o-y. Most of the market growth was provided by the non-life segment, especially the motor insurance lines.

STATISTICS: ARMENIA, H1 2018 result: growth of paid claims exceeded growth rate of premiums and amounted to almost 35%

Editor: Marina MAGNAVAL
2018-08-16

Armenian market increased in local currency by 29.64% to AMD 22 billion (~EUR 39 million) in 1H2018, based on the data of ArmInfo portal. At that, growth rate of paid claims exceeded premiums and amounted to 34.91%.

TALANX expects net income of around EUR 850 million for year end

Editor: Daniela GHETU
2018-08-16

The TALANX Group has already earned over half of the targeted annual result, the 1H results show. GWP increased by 6.9% to EUR 18.8 billion. Adjusted for currency effects, the increase was in double digits at 11.8%.

Tremor's Programmatic Reinsurance Marketplace open for business

Editor: press.release
2018-08-16

Tremor Technologies, Inc., a venture-backed startup based in Greenwich, CT, has announced that its programmatic risk placement marketplace is fully operational with significant buyers and sellers of re/insurance protection in place.

RUSSIA: in 1H premiums of one of the TOP-3 life insurers, RGS Life, dropped by 40%

Editor: Marina MAGNAVAL
2018-08-14

Premiums of RGS Life, one of the 3 life market leaders, based on the first half year result dropped by 40% against the market total growth, wrote ASN portal.

Russian central bank intents to tighten investment rules for insurers

Editor: Daniela GHETU
2018-08-14

Russia's central bank said on 9 August it was proposing to limit investments made by insurance companies into securities that were issued by a single entity, Reuters reports.

A.M. Best assigns Credit Ratings to Russian Reinsurance Company JSC

Editor: press.release
2018-08-14

A.M. Best has assigned a Financial Strength Rating of B (Fair) and a Long-Term Issuer Credit Rating of "bb+" to Russian Reinsurance Company JSC (Russian Re) (Russia). The outlook assigned to these Credit Ratings (ratings) is stable.

UKRAINE: National Financial Services Committee toughens solvency requirements for the local insurers

Editor: Marina MAGNAVAL
2018-08-13

The National Financial Services Committee toughens solvency requirements for the local insurers. The Ministry of Finance registered an order of the Committee on approval of the Regulation on mandatory criteria and standards of capital adequacy and solvency, liquidity, profitability, asset quality and riskiness of the insurers' operations.

UKRAINE: for February-July local insurers sold more than 31 thousand of e-MTPL

Editor: Marina MAGNAVAL
2018-08-13

MTIBU published sales statistics of e-MTPL in Ukraine from February 7 to July 31, 2018. During this period local insurers sold 31,155 of electronic MTPL policies, wrote FORINSURER.

RUSSIA: first half year results show RNRC's charged reinsurance premiums increased more than 2 times

Editor: Marina MAGNAVAL
2018-08-13

Total volume of charged reinsurance premiums amounted RUB 6.26 billion* (vs RUB 3 billion a year ago). Total volume of earned reinsurance premiums amounted to RUB 4.7 billion, according to the official announcement of the reinsurer's website.

RUSSIA: net profit of the biggest local insurer increased in the first half year by 2.4%

Editor: Marina MAGNAVAL
2018-08-13

The biggest local insurer SOGAZ improved its net profit in the first half year compared to the same period of 2017 by 2.4% to RUB 19 billion*, wrote ASN portal.

RUSSIA: MTPL premiums and paid claims dropped in the first half of the year

Editor: Marina MAGNAVAL
2018-08-13

According to the preliminary data of the Russian Association of Motor Insurers (RAMI) total MTPL premiums in the first half year in 2018 amounted to RUB 109.08 billion*, -1.4% compared to the same period of the last year.