XPRIMM News
Insurance Newsletter, No. 401, 3 May, 2018

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TOP NEWS - CURRENT REPORTS - STATISTIC UPDATES



TOP NEWS
VIG - Long term engagement for Romania
by Mihaela CIRCU, 2018-05-03
VIG - Vienna Insurance Group aims for a sustained growth of premiums up to a volume of over EUR 10 billion, by 2020. At the same time, the profit before tax is expected to exceed EUR 500 million. To this end, was launched, in 2017, the "2020 Agenda", in order to optimize VIG's business model and, at the same time, to capitalize on new business opportunities.
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CROATIA Osiguranje Group, FY2017: restructuring process resulted in a 43% increase in the net profit
by Daniela GHETU, 2018-05-02
CROATIA Osiguranje (CO) Group reported consolidated profit after taxation of HRK 253 million (EUR 33.67 million) for the full year 2017, 43% up y-o-y. The parent company Croatia osiguranje d.d. reported a profit before tax of HRK 184.5 million (profit after tax HRK 150.9 million).
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STATISTICS: SERBIA, FY2017: positive trend in business; changes in preparation of the regulatory side
by Daniela GHETU, 2018-05-03
Serbian insurance market ended 2017 with FWP worth EUR 785.8 million, 8.8% up y-o-y, a result supported in part also by the Serbian Dinar appreciation against the European currency. In local currency, the GWP growth was of only 4.4%. Most of the market growth came from the non-life insurance side, which saw a 11% increase in premiums, thus raising its weight in the market portfolio by about 1.5 percentage points.
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STATISTICS: SLOVENIA, FY2017: life insurance and Motor Hull, the market drivers
by Daniela GHETU, 2018-05-03
Slovenian insurers ended 2017 with GWP of EUR 2.18 billion, 5.5% up y-o-y, mostly capitalizing from the life insurance segment's revitalization. Thus, after a weak 2016, when the life insurance business followed a descending path, in 2017 the almost 10% growth of the Unit-Linked insurance products line gave the segment the needed stimulus to re-enter on a positive trend.
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NBG to continue the ETHNIKI sale process with the runners-up in the last phase
by Vlad BOLDIJAR, 2018-05-03
Following the failure to sell its insurance arm, NBG - National Bank of Greece announced it would continue the process for the sale of ETHNIKI Insurance with the final bidders, wrote local media.
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RUSSIA: condition and trends of the marine insurance
by Marina MAGNAVAL, 2018-05-03
Marine insurance industry in Russia has been suffering from crisis during the past ten years and has mixed trends of development, - believes Mikhail GRISHIN from the analytical agency Front Analytics.
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RUSSIA: average MTPL premium and claims payment decreased in the 1st quarter
by Marina MAGNAVAL, 2018-05-03
MTPL average payment during the 1st quarter of 2018 decreased by 13% on y-o-y basis and amounted to RUB 64,225 (~EUR 910), average premium dropped to RUB 5,769 (~EUR 82) (vs RUB 73,556 and RUB 5,898 accordingly a year before (~EUR 1230 and 99), - informed RAMI.
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Global insurance premiums increased by 3.7% y-o-y last year to EUR 3.66 trillion
by Vlad BOLDIJAR, 2018-05-03
According to projections by ALLIANZ Research, the global premium volume last year rose to a new record sum of EUR 3.66 trillion (excluding health insurance). Compared to 2016, the nominal increase adjusted for exchange rate effects is 3.7%.
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MMC's operating income expanded by 21% during Q1
by Vlad BOLDIJAR, 2018-05-03
The MARSH & McLENNAN Companies (MMC) reported Q1 2018 consolidated revenues of USD 4 billion, up by 14% y-o-y, as the US-based group announced.
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SOMPO International Holdings Ltd.'s core operating subsidiaries upgraded to 'A+' from 'A'; Outlook is Stable
by Daniela GHETU, 2018-05-02
S&P Global Ratings said on April 26 it raised its long-term issuer credit and financial strength ratings on SOMPO International Holdings Ltd.'s core operating companies to 'A+' from 'A'. The outlook is stable.
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Swiss Re strengthened its African operations with new P&C license
by Vlad BOLDIJAR, 2018-05-03
Global reinsurer Swiss Re announced is strengthened its African operations through its newly approved license for Property & Casualty (P&C) business in South Africa.
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OMNIASIG
MARSH

ON THE MOVE
Cristian_Ionescu Cristian IONESCU is the next President of Directorate of the Romanian ASIROM VIG
by Daniela GHETU, 2018-05-03
Starting July 1, 2018, the President of Directorate at position of ASIROM VIG (Romania) will be taken over by Cristian IONESCU. He will replace Mr. Juraj LELKES whose mandate ends on June 30, 2018.
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AON appoints Lambros LAMBROU as Chief Commercial Officer and CEO of Global Specialties
by Vlad BOLDIJAR, 2018-05-03
AON plc has announced the appointment of Lambros LAMBROU as Global Chief Commercial Officer and CEO of Global Specialties for the firm's commercial risk business.
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GUY CARPENTER announces senior Bermuda promotion and hire
by Vlad BOLDIJAR, 2018-05-03
GUY CARPENTER announced the promotion of John FLETCHER to Chairman of the firm's Bermuda Operations, with immediate effect.
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WILLIS Re appoints Managing Director of EMEA L&H from GUY CARPENTER
by Vlad BOLDIJAR, 2018-05-03
WILLIS Re, the reinsurance business of WILLIS TOWERS WATSON announced the appointment of Franck PINETTE as Managing Director of its EMEA Life & Health practice with effect from 30 April 2018.
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img_lead_11133 Swiss Re Corporate Solutions appoints Jake ALGAR as Head UK & Ireland Swiss Re
by Daniela GHETU, 2018-05-02
Corporate Solutions has appointed Jake ALGAR as Head UK & Ireland, effective 1 May 2018. With this appointment, Jake ALGAR also assumes the role of Branch Manager of Swiss Re International SE UK branch, subject to regulatory approval.
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MetLife CFO John HELE retires, John McCallion to succeed him
by Vlad BOLDIJAR, 2018-05-03
MetLife announced that John HELE is retiring as Chief Financial Officer and will be succeeded by Executive Vice President John McCallion, currently the company's Treasurer.
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TOP EVENT

Banner-FIAR2018

FIAR 2018: 7 conferences and workshops, hundreds of bilateral meetings. Don't miss your chance to book a seat!
by Adina TUDOR, 2018-05-03
Between 13 and 16 May, the 21st edition of FIAR - The International Insurance-Reinsurance Forum gathers, in Bucharest, Romania, professionals from all over the world, in order to analyze the latest trends, opportunities and challenges on the global re/insurance markets.
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INSURANCE & TECHNOLOGY
First-if-its-kind Cyber Risk Modeling Platform licensed by Guy Carpenter
by press.release, 2018-05-02
Guy Carpenter & Company announced on 30 April that its two-year strategic relationship with CyberCube Analytics, formerly part of Symantec Corporation, has produced the industry's first cyber risk modeling platform with an inside-out view of cyber risk exposure.
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VIG
JLT

STATISTIC UPDATES
SERBIA, FY2017
SLOVENIA, FY2017

NEXT EVENT
Conference "Insurance in Azerbaijan: New perspectives" to be held on June 20-21, 2018 in Baku, Republic of Azerbaijan
by Marina MAGNAVAL, 2018-05-01
The event, organized by XPRIMM, with the support of the Azeri Insurance Association, aims to gather all major stakeholders interested in enhancing the development of the local market as well as strengthening business partnerships.
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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 5th of May, 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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Belarus_Re_10ani_120
TRUST RE

PARTNER EVENTS
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 FY2017
KAZAKHSTAN FY2016 & 1H2017
TURKEY FY2016 & 1H2017
ROMANIA 1H2017
Ins. Report CEE, SEE & CIS – 1H2017
Motor Ins. Report FY2016
Property Ins. Report FY2016

ERGO
EUROINS

PRESS CUTTINGS
AIG Reports First Quarter 2018 Results

Allianz to squeeze-out and delist remaining Euler Hermes shares

AZERBAIJAN's Compulsory Insurance Bureau ends 2017 with profit

Ethniki bidder receives boost from Greek Union as Chinese firms circle

Insurer Osiguruvanje Makedonija triples Q1 non-cons net profit

MetLife announces first quarter 2018 results


UNIQA's operations in CEE post record-high growth in 2017


XPRIMM News