Insurance -

STATISTICS: POLAND, 1Q2018: moderate overall increase in GWP, with opposite dynamics on the life and non-life segments

Editor: Daniela GHETU
2018-06-21

Polish insurers ended 1Q2018 with GWP worth PLN 16.25 billion (EUR 3.86 billion), approx. 2% up y-o-y, depending on the currency of choice. Paid claims amounted to PLN 10.5 billion (EUR 2.5 billion), a sum by about 0.7% larger y-o-y.

EIOPA: EEA insurers' assets amounted to EUR 11,385 billion by the end of 2017

Editor: Daniela GHETU
2018-06-21

By the end of 2017, the 2,195 EU insurers included in the EIOPA statistics, were holding assets worth EUR 11,385 billion, 0.34% up y-o-y. Liabilities amounted to EUR 9,894 billion, decreasing by about 0.3% y-o-y. Overall, excess of assets over liabilities amounted to EUR 1,491 billion.

Pitches for digitization projects at VIENNA Insurance Group: around EUR 1 million to be invested in five projects

Editor: team
2018-06-21

Vienna Insurance Group (VIG) has recently invited its roughly 50 Group companies to submit pitches for digitization projects. Five proposals were selected and will receive funding of about EUR 1 million in total. A second round of pitches will follow in autumn 2018.

GENERALI completes sale of Ireland-based GENERALI PanEurope

Editor: Vlad BOLDIJAR
2018-06-21

Assicurazioni GENERALI announced that it has completed the sale of its entire shareholding in the Ireland-based GENERALI PanEurope to Life Company Consolidation Group (LCCG).

STATISTICS: LITHUANIA, 1Q2018: Sustainable and robust growth of insurance market continues

Editor: Vlad BOLDIJAR
2018-06-21

In the first quarter of this year, the Lithuanian insurance market grew by 18.3%, the premiums amounted to almost EUR 220 million, and claims paid - EUR 115 million, according to the figures published by the Bank of Lithuania.

Sava Re Group Solvency and financial condition report 2017

Editor: team
2018-06-21

Sava Re has released the Sava Re Group Solvency and financial condition report 2017, as approved by the management board of Sava Re, with the consent of the Company's supervisory board.

UKRAINE: Q1 shows that the local market is getting more concentrated

Editor: Marina MAGNAVAL
2018-06-21

Q1 2018 shows that 100 local insurers accumulate 98.3% of the total market GWP. Total number of Ukrainian insurance companies as of the end of the 1^st quarter - 292, at that 32 of them are life insurers and 260 - risk insurers.

LIVE: BAKU: "Insurance in Azerbaijan: New perspectives" Conference - Day 2

Editor: Alexandru CIUNCAN, Oleg DORONCEANU
2018-06-21

"Insurance in Azerbaijan: New perspectives" Conference works are continuing today in Baku. The second day of the event is dedicated to the new opportunities for MTPL market in Azerbaijan.

PAID Romania - a model for reforming the mandatory home insurance system in Kyrgyzstan

Editor: Daniela GHETU
2018-06-21

Initiated by the World Bank, a technical knowledge exchange meeting was held in Bucharest with PAID Romania representatives and a delegation consisting of high-level representatives of the insurance market and the Kyrgyz parliament, on the topic of the Romanian experience in building a compulsory home insurance scheme.

VIENNA Insurance Group a step closer to create the Austria's largest life insurer

Editor: Vlad BOLDIJAR
2018-06-20

VIG announced the merger of its two Austrian units Wiener Staedtische and Sparkassen Versicherung (s Versicherung) entered "the final stage" after the signature of a notarial act on 13 June 2018 - "the final internal legal step paving the way for the merger of the two companies".

STATISTICS: ESTONIA Q1: The insurance market expanded by more than a quarter

Editor: Vlad BOLDIJAR
2018-06-20

Estonian insurers reported in Q1 2018 GWP of EUR 125.7 million, representing an 26.1% y-o-y increase, according to the quarterly figures published by the Estonian National Statistics Board.

STATISTICS: LATVIA 1Q2018: Life insurers reported a quarterly net loss of EUR 1.5 million

Editor: Vlad BOLDIJAR
2018-06-20

Latvian insurers generated EUR 2.69 million in first quarter net profit, which is more than double compared with the Q1 2017 net profit of EUR 1.13 million, according to the figures released by the Financial and Capital Market Commission (FKTK).

Kazakhstan: introduction of imputed insurance is planned

Editor: Marina MAGNAVAL
2018-06-20

The Chairman of the National Bank of Kazakhstan Daniyar AKISHEV explained about introduction of imputed insurance and expansion of the activity of the insurance ombudsman in the country.