Insurance Newsletter
- frequency: weekly, every ThursdayAccording to the Bureau of Motor Insurers of Armenia, for 11 months of 2020, the number of online MTPL contracts exceeded by 2.3 times the same indicator for 11 months of 2019, and the share of e-MTPL policies in the total number of MTPL contracts increased to 14% from 5% a year ago, ArmInfo reports.
The results of the insurance market for 9 months of 2020 show that corporate insurance dominates in GWP portfolios of Armenian insurers (50.9% or AMD 17.2 billion/~EUR 30 million*), while retail insurance accounts for 49.1% (AMD 16.6 billion/~EUR 29 million*), against 49.7% and 50.3% correspondingly a year earlier, ArmInfo reports.
According to the 3Q2020 results, GWP of Armenian insurers decreased by 7.37% y-o-y in local currency, to AMD 33.83 billion (EUR 59.17 million). At the same time, it should be noted that the dynamics improved during the third quarter - GWP and paid claims returned to a growing trend, as the results, provided by ArmInfo, show.
Total net profit of Armenian insurers for the first 9 months of the year grew 3.6 times and exceeded AMD 4 billion (~EUR 6.97 million*), as ArmInfo reports.
From January to September 2020, Armenian insurers paid taxes in the amount of AMD 1.6 billion (EUR 2.78 million*), which is 33.3% more y-o-y (vs a decline by 25% at the end of the same period in 2019), ArmInfo reports.
As another edition of Baden Baden Reinsurance Meeting closes its gates, the re/insurance world had its eyes on the German town, where the current trends and future expectations of the industry are being the focal points of the discussions.
On Sunday, 23 October, over 230 insurers and reinsurers from all over the world met at the 8th edition of the Baden-Baden XPRIMM Reception, the traditional event organized by XPRIMM during the Baden-Baden Meetings.
SWISS RE, JLT Re, TRUST Re, and CERTASIG were the winners of the 2016 XPRIMM Award for outstanding contribution to the development and evolution of the insurance and reinsurance market. The awards were given during the XPRIMM Insurance Awards Ceremony organized within the Baden-Baden XPRIMM Reception 2016.
An exquisite atmosphere, experience changes between re/insurance specialists and valuable business networking opportunities were key elements of the 5th edition of the AZERI Evening in Baden-Baden, the event which took place on Sunday, 23 October, at the Casino Restaurant Sommergarten.
Seven new titles of the well-known XPRIMM Publications are available this year on the XPRIMM Baden-Baden press stands opened in the Kurhaus Casino and in the main business meeting points. The specialized magazines present the latest statistical data and comprehensive analysis for the CEE, SEE and CIS insurance markets.
27 January 2021
Organizer: Insurance Today
Media Partner: XPRIMM Publications
For details: www.insur-info.ru/InsurSelling/
25-28 January 2021
Organizer: Equip Global
Media Partner: XPRIMM Publications
April 7, 2021
Dusit Thani Hotel, Dubai, United Arab Emirates
Organizer: BIZ Events Management
Media Partner: XPRIMM Publications
For details: http://insuretek.org/
Zurich, Switzerland
23-24 September 2021
Organizer: AIDA
Media Partner: XPRIMM Publications
For details: aidainsurance.org
