Insurance Newsletter
- frequency: weekly, every ThursdayIn September 2020 the Armenian Bureau of motor insurers celebrates its 10th anniversary, in connection with that the Bureau has prepared a report on the work done, achievements in MTPL baased on the key indicators, such as procedures for concluding contracts, registrations of accidents, claim payment, as well as MTPL reforms, according to the announcement made on the website of the Bureau.
By the beginning of August 2020, the share of e-MTPL policies in the total number of MTPL contracts in Armenia has tripled and reached 13% (vs 4% a year ago), ArmInfo reports.
The agricultural risks insurance program was launched in Armenia in September 2019 and already has shown its effectiveness, exceeding the expectations of insurers, according to Levon KOCHARYAN, specialist in agroinsurance and Head of the Underwriting department at INGO Armenia, ArmInfo reports.
Armenian insurers ended 1H2020 with a 7.89% decline in GWP year-on-year. Total GWP amount was around AMD 24.28 billion (~EUR 44. 92 million*). Paid claims saw a decrease as well, going down by 4.74% y-o-y to AMD 11.3 billion, according to the results of insurance companies provided by ArmInfo.
For the first half of 2020, the GWP under agricultural risks insurance amounted to AMD 131 million (~EUR 0.24 million*), 82.2% of the GWP being ceded to reinsurance. Paid claims in the segment reached AMD 8.4 million, 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.
24 - 25 November, 2020
Online event
Organizer: Reuters Events
Media Partner: XPRIMM Publications
For details: reutersevents.com
9 - 12 November 2020
ZOOM
Organizer: Equip Global
Media Partner: XPRIMM Publications
For details: equip-global.com
23 - 26 November 2020
Singapore, York Hotel
Organizer: Equip Global
Media Partner: XPRIMM Publications
For details: equip-global.com
February 17, 2021
Dusit Thani Hotel, Dubai, United Arab Emirates
Organizer: BIZ Events Management
Media Partner: XPRIMM Publications
For details: http://insuretek.org/
18 - 22 October 2020
Baden Baden, Germany
For details: www.baden-baden-reinsurance.de
30 November - 3 December 2020
Online event
Organizer: DIA
Media Partner: XPRIMM Publications
For details: next.digitalinsuranceagenda.com
19 - 23 October 2020
Online event
Organizer: P&I Events
Media Partner: XPRIMM Publications
For details: pionline.com/wps2020
Zurich, Switzerland
23-24 September 2021
Organizer: AIDA
Media Partner: XPRIMM Publications
For details: aidainsurance.org
