The 55th edition of Global Insurance Forum, organized by IIS - International Insurance Society and The Institutes continues today with insightful discussions about the future of the insurance, the cyber threats and the impact of AI.
Insurer GWP amounted to RUB 378.6 billion (EUR 5.2 billion) in 1Q2019, almost the same level as a year ago. Meanwhile, total paid claims increased rapidly, by 27.6% to RUB 139.2 billion (EUR 1.9 billion), statistical data of the Bank of Russia show.
In 1Q2019, total market GWP amounted to UAH 13.3 billion (EUR 436 million), which is 14.74% more y-o-y. Growth was recorded both in the non-life (+14%) and life (+23.6%) sectors, however, market shares remained almost unchanged, as data from the National Financial Services Commission show.
At the end of 31 March 2019, Romanian insurance market grew by EUR 27 million (+5.0%) y-o-y in terms of gross written premiums (GWP). In local currency, the premiums growth was slightly higher (+7.4%), as Financial Supervisory Authority (ASF) figures show.
Serbian insurers ended 1Q2019 with total GWP worth RSD 24.83 billion (EUR 210.5 million), 0.5% up y-o-y, according to the most recent market statistics pubished by the National Bank of Serbia.
How has reinsurance fared on the Kazakh market for the past five years (2014-2018)? This overview analyses the main trends and investigates the future, giving simple recommendations that may give impetus to a new development stage.
According to ExpertRA, Russia's largest credit rating agency, Bancassurance, despite impressive growth last year (+44.4%), may decline by 10-12% by the end of 2019, ASN reports with reference to the agency's research.
The total number of active agents for the leading 100 insurers increased by 12.9% y-o-y at the end of the first quarter of 2019, ASN reports, based on data from the Bank of Russia.
According to the State Insurance Supervision Service, the total number of Georgian citizens with private health insurance is 15%, almost exactly the same as a year ago, Business Georgia reported.
The 55th edition of Global Insurance Forum, organized by IIS - International Insurance Society and The Institutes is taking place between 19 June - 21 June in Singapore.
GENERALI finalized the completion of the transaction with German Group Union Asset Management Holding AG to acquire Union Investment TFI S.A. in Poland. GENERALI has received the required approvals from all relevant regulatory bodies and competition authorities.
CROATIA's osiguranje shareholder - the Rovinj based consortium ADRIS Grupa - with businesses in tourism, real estate, tobacco and food industry announced it plans to invest HRK 3 billion (EUR 400 million) in developing its three main business segments by 2023.
S&P Global Ratings has revised on 14 June its outlook to positive from stable on Poland-based multiline insurer Powszechny Zaklad Ubezpieczen S.A. (PZU) and its core operating subsidiaries, all together, the PZU Group. The agency affirmed its 'A-' long-term issuer credit and financial strength ratings.
The Geneva Association, the global organization of insurance and reinsurance CEOs, has announced the election of four new Board members. The association's Board refreshment follows to the appointment, in February, of Jad ARISS as Secretary General.
AXA XL, the property & casualty and specialty risk division of AXA, has named Robert KLEPPER as Chief Underwriting Officer -- Short Tail Insurance Lines, reporting to Jason HARRIS, Chief Executive, Global Property & Casualty Insurance.
FRISS, Guidewire PartnerConnectTM Solution partner and Guidewire Software, Inc., provider of the industry platform P&C insurers rely upon, announced that SURA Colombia (SURA), has successfully deployed its integrated claims fraud detection program for motor personal lines with the FRISS accelerator for Guidewire ClaimCenterTM.
To win the customer's heart, insurers cannot afford to lag behind on customer-focused innovation. Throughout the claims journey they must deliver interactive, personalised experiences.
GENERALI CEE Holding announces some changes in the managements of its subsidiaries CESKA pojistovna (Czech Republic), Generali Poistovna (Slovakia), and Generali osiguranje (Croatia), to become effective in the upcoming weeks and months once the necessary approvals have been received.
SCOR Global Life, a division of the French based reinsurer, has announced a series of appointments related to French market.
DUNAV Osiguranje, a Serbian insurance company based in Belgrade and the largest non-life insurance company in the Serbian insurance market, for the second consecutive year supported the Srem Agricultural Fair - AGROSIRM, that was held on June 8-9, as the company stated on its website.