STATISTICS: POLAND, 1Q2017: GWP up by 20.5% supported by the MTPL line
STATISTICS: SERBIA's insurers posted double digit increase in Q1 GWP
STATISTICS: AZERBAIJAN, 1Q2017: GWP down by 1%, while claims paid increased by almost 15%
STATISTICS: MOLDOVA, 1Q2017: Local insurers' business grew by 10.22% in the beginning of 2017
STATISTICS: Georgia, 1Q2017: Top 5 insurers hold about 80% of insurance business
STATISTICS: UPDATE : SLOVAK insurance market totaled EUR 1.9 billion at the end of 2016
STATISTICS: UPDATE: CZECH market totaled EUR 5.5 bilion in 2016
STATISTICS: LITHUANIAN insurers posted Q1 five times higher gross profits y-o-y
STATISTICS: KOSOVO insurers reported 1.5% y-o-y growth rate in Q1 GWP
Insurance Newsletter
- Frequency: every thursdayThe 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).
VTB Bank (Armenia) and the Armenian subsidiary of Rosgosstrakh have launched a co-branded, 'exclusive' product consisting in a loan granted by the bank specifically for the purchase of mandatory motor car and CASCO insurance policies provided by Rosgosstrakh Armenia, the bank's press service said in a press release.
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.
November 2017
Baku, Azerbaijan
6 October 2017
Istanbul, Turkey
14 November 2017
Vienna (AU)
Kazakhstan's Halyk Bank on June 15 announced the signing of the sale and purchase agreements with Mr. Kenges Rakishev to acquire 86.09% of ordinary shares of JSC Kazkommertsbank for a consideration of 1 Kazakhstan tenge, and separately with JSC Sovereign Wealth Fund Samruk-Kazyna to acquire 10.72% of ordinary shares of Kazkommertsbank also for a consideration of 1 Kazakhstan tenge.
Azerbaijan Deposit Insurance Fund (ADIF) paid AZN 43,222,000 to Parabank's depositors, AZN 58,971,000 to Zaminbank's depositors, AZN 27,771,000 to Kredobank's depositors and AZN 3,087,000 to Dekabank's depositors.
The buyer of Laiki bank's subsidiary in Ukraine was "gifted" the bank along with a EUR 1.5m to top it off, former Laiki depositors (Sykala) alleged on Monday.
The Central Bank of Armenia, jointly with the country's government, is planning to work out a program of midterm development of insurance market for expanding pension system.
10-12 July, 2017
Amba Marble Arch, London, UK
Organizer: IQPC
Media Partner: XPRIMM Publications
For details: roboticsbfsi.iqpc.com
13 October 2017
Chisinau, Republic of Moldova
18 October 2017
Bucharest, Romania
22 September 2017
Bucharest, Romania
2-5 October 2017
Boston, United States
Organizer: Corinium
Media Partner: XPRIMM Publications
For details: chiefanalyticsofficerforum.com
25-26 October 2017
Louwman Museum, The Hague, Netherlands
Organizer: P&I Conferences
Media Partner: XPRIMM Publications
For details: conferences.pionline.com
22 November 2017
Hilton Hotel, Frankfurt am Main, Germany
Organizer: EIOPA
For details: eiopa.europa.eu
21-22 September 2017
London, United Kingdom
Organizer: marcus evans
Media Partner: XPRIMM Publications
For details: marcusevans-conferences-paneuropean.com
28-29 September 2017
London, United Kingdom
Organizer: marcus evans
Media Partner: XPRIMM Publications
For details: marcusevans-conferences-paneuropean.com
22 June 2017
The Cavendish Conference Centre, Central London, UK
Organizer: Global Insights Conferences
Media Partner: XPRIMM Publications
For details: www.financialservicesconference.com
