XPRIMM News
Insurance Newsletter, No. 396, 29 March, 2018

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TOP NEWS - CURRENT REPORTS - STATISTIC UPDATES


TOP NEWS

STATISTICS: LATVIA, FY2017: The share of EU branches GWP increased to almost 35%
by Vlad BOLDIJAR, 2018-03-29
According to the year-end market figures published by FKTK (the Financial and Capital Market Commission), the Latvian insurance market totaled EUR 646 million at the end of December 2017, up by 21.4% y-o-y.
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Romania: Gothaer analysed its local portfolio to see how women and men choose insurance and what matters for each of them
by Adina TUDOR, 2018-03-26
In Romanian tradition, March has always been a month dedicated to celebrating women, which determined Gothaer Asigurari Reasigurari to take a look into the preferences and behaviour of the ladies from Gothaer's portfolio of clients, in an analysis dedicated to identifying how women and men choose insurance and what matters for each of them.
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Bulgaria: ARMEEC sold 80% of its Russian unit shares
by Vlad BOLDIJAR, 2018-03-27
The third largest Bulgarian insurer in GWP terms has sold 80% of its Russian unit ITIL ARMEEC shares, announced the Financial Supervision Commission without providing further information, wrote SeeNews.
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Adriatic Slovenica, third largest Slovene insurer, reports decreasing profitability in 2017 driven by the extreme weather events
by Daniela GHETU, 2018-03-28
Adriatic Slovenica Group ended 2017 with GWP worth EUR 303.8 million and a profit of EUR 11.4 million, exceeding the planned results. Paid claims amounted to EUR 223.4 million. According to the recently published annual report, the Group's ROE stood at 11.9%.
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STATISTICS: MOLDOVA, FY 2017: GWP increased by 6.9%
by Oleg DORONCEANU, Stefan GORBAN, 2018-03-29
In 2017 Moldovan insurance market produced GWP in the amount of EUR 70.6 million (MDL 1.5 billion), 6.9% up y-o-y, according to the final data of the Supervisory Authority (CNPF), centralized by the specialized portal www.xprimm.md.Claims paid by the companies decreased by 2.15% y-o-y and reached EUR 24.9 million (MDL 507.97 million).
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STATISTICS: Tajikistan, FY2017: The share of voluntary classes amounted to almost 77%
by Marina MAGNAVAL, 2018-03-29
According to the year-end market figures, published by the National Bank of Tajikistan, Tajik insurers totally produced TJS 235.84 million (EUR 22.30 million) of GWP by the end of December 2017.
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Russia: ARIA and the Central Bank plan to create proportional control over the insurance market
by Marina MAGNAVAL, 2018-03-27
All-Russian Insurance Association (ARIA) and the Central Bank of Russia decided to form a workgroup on development of the proportional control over the insurance market, said Vice-president of ARIA, Ella PLATONOVA.
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Banks domination hampers the Georgian insurance market's development
by Marina MAGNAVAL, 2018-03-27
Due to full domination of the big banks, the Georgian insurance sector is developing in the wrong way, - said the General director of UNISON insurance company, Vasil ARKHARADZE.
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Greece: China's FOSUN to bid again for ETHNIKI if winning bid fails
by Vlad BOLDIJAR, 2018-03-28
China's FOSUN expressed its interest in Greece's largest insurer ETHNIKI a few days before the deadline for the EXIN Group to implement the deal for the acquisition of 75% of ETHNIKI from National Bank of Greece - NBG.
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Global insurance M&A transactions expected to fare this year close to the record set in 2017
by Daniela GHETU, 2018-03-27
"2017 global insurance distribution merger and acquisition transaction counts eclipsed both the prior year and the previous five-year average," said Matt STERNAT, Vice President, Insurance Research at Conning commenting on the findings of the latest study issued by the global investment management firm.
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Acquisition of Italian agriculture insurance broker A&A by SOMPO International completed
by Daniela GHETU, 2018-03-28
SOMPO International, a Bermuda-based specialty provider of P&C insurance and reinsurance, announced on 27 March that it has completed the acquisition of A&A, S.r.l. (A&A), a leader in the Italian agriculture insurance market since 1996. The acquisition was first announced on February 8, 2018.
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Dutch EXIN Group is interested in acquiring Israel's CLAL Insurance
by Vlad BOLDIJAR, 2018-03-29
The Amsterdam-based EXIN Group is negotiating the takeover of Israel's CLAL Insurance. In this regard, the Dutch group "has made an informal offer to acquire the firm at a valuation of USD 1.3 billion", according to an article on calcalistech.com, wrote Reinsurance News.
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OMNIASIG
MARSH

ON THE MOVE
Hermann FRIED leaves WIENER STADTISCHE for the Group's Slovakian unit, KOMUNALNA
by Vlad BOLDIJAR, 2018-03-27
Austrian VIENNA Insurance Group announced starting 1 April 2018, Hermann FRIED - currently member of the WIENER STADTISCHE Versicherung managing board -, will take over as managing board Chairman at Slovakian Group company KOMUNALNA poistovna, subject to approval by the local authorities.
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img_lead_10930 Claudia CORDIOLI appointed to lead Swiss Re's reinsurance business in Western and Southern Europe
by Daniela GHETU, 2018-03-27
Swiss Re has appointed Claudia CORDIOLI to lead its Reinsurance business in Western and Southern Europe. Ms. Cordioli's appointment will merge the leadership of Swiss Re's current France, Benelux and Switzerland unit with its Iberia, Mediterranean and Italy unit.
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Central Bank of Russia has appointed new Director of the Insurance Market Department - Philip GABUNIA
by Marina MAGNAVAL, 2018-03-26
Philip GABUNIA, who now is the Director of the Department for collective investment and trust management at the Central Bank of Russia, will be the new Director of the Insurance Market Department, as the Central Bank announced.
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ZURICH: Jasmin STAIBLIN withdraws her candidacy for election to the Board of Directors
by Vlad BOLDIJAR, 2018-03-27
ZURICH Insurance Group announced that Jasmin STAIBLIN has informed its Board of Directors that she has withdrawn her candidacy for election to the Board.
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Hayley ROBINSON appointed as Zurich UK's CUO
by Daniela GHETU, 2018-03-27
Hayley ROBINSON was appointed as Chief Underwriting Officer of Zurich UK, the British subsidiary of the Swiss Group, to lead its underwriting strategy across all general insurance lines of business.
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MMC's Chief Marketing and Communications Officer joins AIG
by Vlad BOLDIJAR, 2018-03-27
AIG - American International Group informed that Ed DANDRIDGE will join the company as Head of Marketing and Communications, General Insurance, effective April 16, 2018.
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SURVEY
Take a quick survey and you have the chance to win an iPad Mini!?
by Adina TUDOR, 2018-03-08?
Until the 20th of April, C Consulting and XPRIMM are challenging insurance professionals to take part in a study focusing on the Insurance - Reinsurance Market in the SEE - CEE Region.
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VIG
JLT

INTERVIEW
Matteo CARBONE
Founder and Director, IoT Insurance Observatory
?
by Oleg DORONCEANU, 2018-03-29?
Don’t fall in love for a technology: any solution sooner or later will become obsolete; any investment sooner or later will represent a legacy. The innovation is not a final destination, it is a journey. You cannot stop to innovate. Innovate or die. .
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?

STATISTIC UPDATES
LATVIA, FY2017
MOLDOVA, FY 2017
Tajikistan, FY2017

TOP EVENT

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"IIF 2018 - PROPERTY INSURANCE - the NatCat challenge and beyond" Conference: Main conclusions
by Alexandru CIUNCAN, 2018-03-23
The "IIF 2018 - PROPERTY INSURANCE - the NatCat challenge and beyond", taking place on Friday, 23 March, in Prague, bought into debate the NatCat insurance gap, but also the newly developed aspects of the manmade property risks.
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TRUST RE

PARTNER EVENTS
4th Annual African Insurance Forum
5-6 April 2018, Johannesburg, South Africa

XXII Annual Conference on Reinsurance
11-12 April 2018, Moscow, Russian Federation

7th AIDA Europe Conference
12-13 April 2018, Warsaw, Poland

Agricultural Insurance, Reinsurance & Brokerage in CIS, Europe & Asia
16-18 April 2018, Belgrade, Serbia

XII International Conference "Insurance in Central Asia"
16-17 April 2018, Almaty, Kazakhstan

XIV International Risk Management Conference
19-20 April 2018, Almaty, Kazakhstan

IFRS 9 Expected Credit Loss Modelling MasterClass
19-20 April, 2018, Vienna, Austria

The Digital Transformation Stories Conference
15 May 2018, London, UK
Strategic Risk Management for Transformation in Insurance
24-25 May 2018, London, UK
The 32nd International Insurance Tennis Tournament
1-3 June, 2018, Istanbul, Turkey
XVI Russian Insurance Summit
6 June 2018, Saint Petersburg, Russian Federation
The Customer Experiences In Financial Services Conference
27 June 2018, London, UK
2nd Edition IFRS 17 Implementation in Life Insurance
25-27 June 2018, London, UK
8th Bancassurance Europe Summit 2018
26-29 June 2018, London, UK

DESTINE Broker
GLOBASIG

CURRENT XPRIMM REPORTS
RUSSIA 1H2017
KAZAKHSTAN FY2016 & 1H2017
TURKEY FY2016 & 1H2017
ROMANIA 1H2017
Ins. Report CEE, SEE & CIS – 1H2017
Motor Ins. Report FY2016
Property Ins. Report FY2016

PRESS CUTTINGS
CROATIA: Allianz Zagreb's gross premium income rises 2.7% in 2017

HUNGARIAN Post Life Insurance Company constantly adapts to ensure success

PZU insurer posts UAH 24 million profit in Ukraine

RUSSIAN lawmakers discuss new mechanism to bail out insurance companies: finance minister

Two companies collect over 60% of insurance premiums in Azerbaijan
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EUROINS

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