STATISTICS: SLOVAK Rep, 1Q2017: GWP went up by 4.6% y-o-y while paid claims increased by 6.7%
STATISTICS: ROMANIA: GWP of EUR 567 million and a new market leader
STATISTICS: KOSOVO insurers reported a 20% y-o-y growth rate in 1H paid claims
STATISTICS: ALBANIA, 1H2017: Double-digit increase for the number of issued contracts
STATISTICS: CROATIA 1H2017: 2.4% GWP growth supported by the non-life segment
STATISTICS: SLOVENIAN market posted positive rates on almost all business lines
STATISTICS: TURKISH insurers' Q1 GWP saw a 15.7% y-o-y positive trend
STATISTICS: UKRAINE, 1Q2017: GWP collected by local insurers up by 31.69%
STATISTICS: KAZAKHSTAN, 1Q2017: Significantly drop for motor insurance lines
STATISTICS: Double-digit increase for the BOSNIAN market thanks to the RS-based insurers' results
STATISTICS: Profit of LATVIAN life insurers more than doubled in Q1 2017
STATISTICS: POLAND, 1Q2017: GWP up by 20.5% supported by the MTPL line
Insurance Newsletter
- Frequency: every thursdayA delegation of the global insurer ALLIANZ led by Antoine ISSA, Regional Director for Middle East and South Africa has recently met the Armenian Minister of finance Vardan ARAMYAN, to assess the business prospects on the local market.
The 5% GWP growth recorded by the Armenian insurers in 2016 was mainly due to the national cars fleet's expansion and to the implementation of several large economic projects.
In the first six months of 2016, the six active insurance companies of the Armenian market totaled AMD 16.1 billion in premium (note: based on the Central Banks financial standards), while based onIFRS standards local market totaled only AMD 15.8 billion. At the same time the indemnities paid by local insurers reached AMD 6.2 billion, according to ArmInfo News Agency.
Starting September 1st, 2016, car owners will no longer be required to declare the names of other drivers they allow to drive the vehicles upon buying MTPL insurance, recently said the Bureau of Motor Insurers of Armenia(source: ArmInfo).
Net profit achieved by the six insurance companies operating on the Armenian market amounted to AMD 2.6 billion (EUR 4.9 million) in 1H2016, up by 74% y-o-y in local currency, according to ArmInfo Rating Agency. GWP grew by 4.2% to AMD 15.8 billion (EUR 29.8 million), while claims paid rose by 0.7% to AMD 6.2 billion (EUR 11.7 million).
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.
The national commission for financial service markets regulation has expressed hope that the electronic obligatory insurance of civil liability of vehicle owners (OSAGO) policies will start operating on January 1, 2018.
Insurance companies in Poland may have to pay out a staggering PLN 400 million (EUR 93.5 million, USD 110 million) in compensation for damages caused by a series of severe storms that hit the country earlier this month, a newspaper has reported.
Serbia's AXA Non-Life Insurance (AXA Nezivotno Osiguranje) and AXA Life Insurance (AXA Zivotno Osiguranje) have officially been absorbed by Wiener Stadtische Osiguranje. This marks the completion of the acquisition of the two insurers by the Vienna Insurance Group (VIG) in July 2016.
Six insurance companies operating in Armenia earned a total of 1.26 billion drams in net profit in the first six months of this year, down from 2.62 billion they had earned a year earlier. The drop amounted to 51.6%, according to "Insurance Companies of Armenia," a quarterly bulletin, issued by ARKA news agency.
A.M. Best has downgraded the Financial Strength Rating to C (Weak) from C+ (Marginal) and the Long-Term Issuer Credit Rating to "ccc+" from "b-" of JSC Salem Insurance Company (Salem) (Kazakhstan). Concurrently, A.M. Best has placed these Credit Ratings (ratings) under review with negative implications.
17-18 September 2017
Savoyan Hotel - Vienna, Austria
Organizer: LIMRA EMEA
Media Partner: XPRIMM Publications
13 September 2017
Sofia, Bulgaria
For details: www.insuretechsofia.eu
4 September 2017
Ljubljana, Slovenia
Organizer: AZN - Slovenian Supervisory Authority
Media Partner: XPRIMM Publications
21-22 September 2017
Vienna, Austria
Organizer: GLC
Europe
Media Partner: XPRIMM Publications
For details: glceurope.com
5-8 October 2017
Tashkent, Uzbekistan
Organizer: SAIPRO Information Rating Agency
For details: forum.saipro.uz
2-3 November 2017
Radisson Blu Hotel, Amsterdam,
Netherlands
Organizer: Anno Lucis
Media Partner: XPRIMM
Publications
For details: annolucis.net
13-16 September 2017
Odessa, Ukraine
Organizers: Business Strategy Center "Perspective" and the League of Insurance Organizations of Ukraine
Media Partner: XPRIMM Publications
For details: cbs.org.ua/en
24-25 October, 2017
London, United Kingdom
Organizer: Insurance Nexus
Media Partner: XPRIMM Publications
For details: events.insurancenexus.com
10-12 July, 2017
Amba Marble Arch, London, UK
Organizer: IQPC
Media Partner: XPRIMM Publications
For details: roboticsbfsi.iqpc.com
10 October 2017
Radisson Blu Leogrand Hotel
Chisinau, Republic of Moldova
