News - Insurance
The latest issue of XPRIMM Insurance Report and Insurance Profile, to be launched at Baden-Baden
Four new XPRIMM Publications will be officially launched during the Baden-Baden XPRIMM Reception, taking place on 20 October, in Baden-Baden, Germany.
2019-10-17Will you be joining us at the Baden-Baden XPRIMM Reception and the Georgian Evening?
Sunday, 20 October, re/insurance specialists from all over the world are invited to two special events taking place in Baden-Baden, Germany: the XPRIMM Reception and The Georgian Evening.
2019-10-17STATISTICS: CEE, 1H2019: Bulgaria - highest growth rate in the region; Hungary - the Top 5 highest increase in GWP
CEE insurance markets maintained a positive trend in 1H2019. Overall, GWP went up by 6.11%, to EUR 19.86 billion. Paid claims grew at a similar pace, reaching EUR 11.75 billion (6.48% up y-o-y). Although at individual level the growth rates across the CEE countries were uneven, their weight in the regional GWP portfolio didn't change significantly.
2019-10-17GEORGIA: TBC Insurance was the fastest growing insurer in 2017 and 2018
Georgian TBC Insurance ended 1H2019 with GWP worth GEL 39.3 million (EUR 12.03 million) and a net profit of GEL 5.96 million (EUR 1.82 million), which is 42% up y-o-y, in local currency. The growth rate achieved in GWP was close to 20% (in GEL), which qualifies the company as the fastest growing in the Georgian market in 2017 and 2018.
2019-10-17STATISTICS: SLOVAKIA, 1H2019: despite increasing claims expenses, the market remained profitable
The Slovak market finished the first semester of 2019 with a GWP volume of EUR 1,166 million (+2.6%), paid claims and benefits amounting to EUR 697 million (+7.1%) and a net profit at market level of EUR 68 million (-21.5%). Life sector held a share of 43.2% in total GWP, while the rest of 56.2% of GWP was brought by non-life business lines.
2019-10-17STATISTICS: BiH, 1H2019: paid claims for the fire insurance line increased two and a half times y-o-y
Insurers of Bosnia & Herzegovina have reported GWP worth EUR 195.7 million at the end of 1H, 6.65% more y-o-y. Life insurance recorded an above average growth rate, of 10%, which rounded its share in the market portfolio to 20%.
2019-10-17Swiss Re and Pioneer ready to launch innovative telematics solution for insurers
Swiss Re and global car electronics company Pioneer have co-developed an innovative telematics solution that will be integrated in Swiss Re's Coloride app and is set to be launched globally early next year, Swiss Re has announced.
2019-10-17S&P re-confirms A+ rating with stable outlook for VIG Re
On October 15, 2019, the international rating agency Standard & Poor's confirmed its long-term public issuer credit rating of "A+" and financial strength rating of "A+" with stable outlook for VIG RE zajistovna, a.s., affirming the same rating VIG Re has enjoyed since its founding in 2008.
2019-10-17UKRAINE: Fairfax to acquire an additional 29% stake in UNIVERSALNA
Canadian Fairfax Financial Holdings announced its intention to acquire about 29% of the shares of UNIVERSALNA, as Forinsurer reports with reference to the stock market information.
2019-10-17AZERBAIJAN: the country to expand cooperation with Iran in insurance sector
Over the past year, more than 70% trade growth between Azerbaijan and Iran indicates the development of mutual relations, both countries being keen on the implementation of mutually beneficial business projects, in a bid to stimulate trade volume, according to the Iranian Minister of Economic Affairs and Finance, Farhad DEJPASAND.
2019-10-17UZBEKISTAN: Kamoliddin TALIPOV appointed Head of the Insurance Market Development Agency
Kamoliddin TALIPOV, who previously served as Chairman of the Supervisory Board of SILK CAPITAL, an investment banking and securities transaction company, was appointed Head of the Insurance Market Development Agency under the Ministry of Finance, according to UzReport.news.
2019-10-17RUSSIA: higher amount of life and health indemnities may lead to 15% increase in MTPL claims
From January to September 2019, the paid claims for life and health in MTPL events amounted to 5% of all the segment's paid claims, ASN reports.
2019-10-16ARMENIA: January-September insurance portfolio of Export Insurance Agency of Armenia up 1.76 times y-o-y
From January to September 2019, the insurance portfolio of the Export Insurance Agency of Armenia increased by 1.76 times, to AMD 6.28 billion (~EUR 12 million), according to Tigran KHACHATRYAN, the Armenian Minister of economy, as ArmInfo reports.
2019-10-16Aon's Lori GOLTERMANN elected to CIAB's Board of Directors
Aon announced that Lori GOLTERMANN, CEO, U.S. Commercial Risk and Health Solutions of Aon, was elected to the Board of Directors of The Council of Insurance Agents & Brokers (CIAB).
2019-10-15CZECHIA: CNB sets up Insurance and Pension Supervision Department
Czech National Bank (CNB) established a new Supervision Department for Insurance Companies and Pension Companies, as part of the Financial Market Supervision Department, which splits from the Prudential Supervision Department, starting October 1st, 2019.
2019-10-15Gerald HARLIN appointed as Executive Chairman of AXA IM
AXA announced today that Gerald HARLIN, Group Deputy CEO and Group CFO, will be appointed Executive Chairman of AXA IM, effective December 1, reporting to Thomas BUBERL, CEO of AXA.
2019-10-15EIOPA appoints two members of the IRSG
The Board of Supervisors of the European Insurance and Occupational Pensions Authority (EIOPA) appointed two new members with immediate effect and for the current mandate of the IRSG.
2019-10-15PartnerRe appoints new CFO and COO
PartnerRe Ltd. announced that Mario BONACCORSO, Executive Vice President and Chief Financial Officer, will retire on March 31st, 2020 to pursue a new entrepreneurial venture outside the company.
2019-10-11Thomas WELLAUER to join Aegon's Supervisory Board
Aegon announced that Thomas WELLAUER will be nominated for appointment to the Supervisory Board for a four-year term.
2019-10-11Tjeerd BOSKLOPPER appointed as CEO of NN Netherlands
NN Group announced the intended appointment of Tjeerd BOSKLOPPER as CEO Netherlands ad interim. The appointment is subject to approval by the Dutch Central Bank, and is expected to be effective as from early November 2019.
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