News - Insurance

Sava Re: 2018 Solvency and Financial Condition Report

Sava Re published on April 2019 its Solvency and Financial Condition Report for 2018. Previous year figures showed an improved combined ratio, an increase in net result of EUR 33 million and a slight decrease in premiums total volume, due to changes in the underwriting strategy.

Swiss Re: 2018 Financial Condition Report

Swiss Re published today, 18 April 2019, the 2018 Financial Condition Report for the Swiss Re Group and regulated re/insurance legal entities domiciled in Switzerland for the reporting period ended 31 December 2018.

CCR: 2018 Financial Position Report

In 2018, CCR group's consolidated premium income was EUR 1,371 million, with consolidated net income of EUR 132 million. CCR RE contributed EUR 35 million to the Group consolidated income, while CCR contributed EUR 147 million.

VMSolution and FRISS partnership enables fast claims process

VMSolution, a start-up specializing in automation and risk calculation for motor vehicle insurance, and FRISS, the global supplier of risk identification and fraud detection solutions for property insurers, have signed a collaboration agreement for developing a joint solution that provides maximum support for the claims process in the above areas.

INTERVIEW: Michaela KOLLER, Director General, Insurance Europe

"We are delighted to be holding the 2019 International Insurance Conference in Bucharest. It is a historic moment, as it is the first time the conference will be held in a central European country and comes as Romania holds its first ever presidency of the Council of the EU."

STATISTICS: BELARUS, FY2018: The market grew by more than 14%

In 2018, total market GWP reached BYN 1,226.04 million (EUR 495.69 million), which is 14.57% more y-o-y, according to figures published by the Ministry of Finance of the Republic. Market growth in Euro looks much more moderate (9.10%).

CCN Aviation's global expands to the Indian market

FlightClaimEU, part of Claims Corporation Network - CCN's Group aviation activity that supports, advises and assists passengers in case of a flight disruption, expands its global footprint to India, the Group has announced.

ALLIANZ Zagreb will have a new Chairman of the Board

Daniel MATIC is the new candidate for the opened position as Chairman of the Board inside Allianz Zagreb, Croatia. He will replace Boris GALIC after getting the necessary approvals from the regulator.

Roelof JOOSTEN appointed member of ACHMEA's Supervisory Board

ACHMEA's AGM has appointed Roelof JOOSTEN as a member of the Supervisory Board. He succeeds Antoon VERMEER, who retired from his position last year after his maximum term of office. JOOSTEN's appointment is for four years and was approved by the Dutch Central Bank (DNB).

KAZAKHSTAN: S&P: life insurance may increase 15-20% in 2019

"Life insurance in Kazakhstan may grow by 15-20% in 2019, while non-life may remain at the level of 2018, or even decrease in real terms," S&P believes, according to Ekaterina TOLSTOVA, deputy director of the international rating agency.