Insurance -

STATISTICS: BALTICS, 2008-2017 timeline: evolution of the regional consolidated results is in line with the CEE average

Editor: Daniela GHETU, Cosmin CONCEATU
2019-02-14

The Baltic countries - Estonia, Latvia and Lithuania -, have recorded between 2008-2017 a trend similar to the other CEE markets. The same main pattern can be distinguished, splitting the evolution of the market in three periods: decline (2008-2010), recovery (2010-2013) and growth (2013-2017).

KAZAKHSTAN: for January, 2019 vehicle owners issued over 300 thousand of e-policies amid the aging fleet of the country

Editor: Marina MAGNAVAL
2019-02-14

In Kazakhstan from January 1, 2019 an electronic form of policies was introduced for all types of compulsory insurance (except for insurance of employees against accidents and crop insurance), as allinsurance.kz wrote.

UKRAINE: 63% of complaints in 2018 were about MTPL

Editor: Marina MAGNAVAL
2019-02-14

According to the National Financial Services Committee, the number of complaints regarding insurance activities in 2018 remained almost unchanged (5381 vs 5389 in 2017). At that the major part (63%) of the complaints were about MTPL, as Forinsurer wrote.

LITHUANIA: Lithuania's credit rating affirmed at A- with a positive outlook

Editor: Marina MAGNAVAL
2019-02-14

In February, 2019 the international credit rating agency FITCH Ratings, based on the country's sound public finances and strong economic situation, affirmed Lithuania's long-term credit rating at A- with a positive outlook, as the Ministry of Finance of the Republic of Lithuania announced.

Editor: Daniela GHETU
2019-02-14

Adriatic Slovenica's acquisition by the GENERALI Group has been completed, the Italian group announced on 13 February. By this acquisition the Italian group increases its contribution to the market GWP about four times, to aprox. 18%.

AZERBAIJAN: AzSığorta ended 2018 with profit of AZN 4.7 million, capitalization increased by 16% y-o-y

Editor: Marina MAGNAVAL
2019-02-14

AzSıgorta, which in terms of GWP ranked 8th on the local market in 2018, ended last year with profit of AZN 4.7 million, according to the Chairman of the board of the company, Anar TALYBOV.

RUSSIA: profit of ROSGOSSTRAKH, according to the preliminary data, in 2018 amounted to RUB 6 billion

Editor: Marina MAGNAVAL
2019-02-14

Based on the preliminary data, in 2018 profit of ROSGOSSTRAKH for the first time during the last 3 years amounted to RUB 6 billion.

RUSSIA: RESO-Garantia acquires the Russian non-life insurer of ERGO Group

Editor: Marina MAGNAVAL
2019-02-14

RESO-Garantia acquires 100% of ERGO (a subsidiary non-life insurer of ERGO Group AG in Russia) from ERGO International AG, as ASN wrote.

UZBEKISTAN: MOI insurance broker to open an office in the country

Editor: Marina MAGNAVAL
2019-02-14

MOI Insurance broker, one of the leaders in risk management, is opening a representative office in Uzbekistan - -MOI Insurance Brokers Asia, according to the Ministry of Finance of the country.

UZBEKISTAN: GWP of O'zbekinvest Hayot in 2018 amounted to UZS 101.2 billion, preliminary data show

Editor: Marina MAGNAVAL
2019-02-14

According to the preliminary data, GWP growth rate of O'zbekinvest Hayot in 2018 amounted to 59% (UZS 101.2 billion), as the information agency UzReport wrote.

RUSSIA: rating of VSK-Life line confirmed at ruA+

Editor: Marina MAGNAVAL
2019-02-14

The national rating agency Expert-RA confirmed the rating of VSK-Life line at ruA+, outlook stable, as ASN wrote.

KYRGYZSTAN: property insurance led 2018 year in GWP and paid claims

Editor: Marina MAGNAVAL
2019-02-14

The State Service on regulation and supervision of the financial market under the government of the Kyrgyz Republic (supervisor) on February 8, 2019 conducted a meeting of the Executive Council, dedicated to the results of 2018 and tasks for 2019, according to the statement on the official website.

GEORGIA: mandatory insurance of civil liability of vehicle owners to come into force in July, 2019

Editor: Marina MAGNAVAL
2019-02-14

A bill, providing for mandatory insurance of civil liability of vehicle owners from July, 2019, soon will be submitted to the Parliament, as the international news agency Sputnik informed.