XPRIMM News
Insurance Newsletter, No. 407, 14 June, 2018

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TOP NEWS - CURRENT REPORTS - STATISTIC UPDATES

TOP NEWS

VIG Group's Czech companies won multiple awards
by Vlad BOLDIJAR, 2018-06-13
Vienna Insurance Group's (VIG) companies Kooperativa and Ceska podnikatelska pojistovna (CPP) led the way in the Association of Czech Insurance Brokers' "Insurer of the Year" survey, taking the top two spots in all four of the main categories.
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PZU awarded "Innovation of the year in insurance" by EFMA-Accenture for its revolutionary way of servicing deaf and hearing-impaired clients
by Daniela GHETU, 2018-06-13
PZU received on 12 June the EFMA-Accenture "Innovation in Insurance" Award in the category "Customer Experience & Engagement", the international jury in Paris appreciating the innovative way of servicing deaf and hearing-impaired clients implemented by the Polish market leader.
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STATISTICS: CZECH REP., 1Q2018 (CAP): market increase equally supported by life, motor and corporate insurance lines
by Daniela GHETU, 2018-06-14
The Czech insurance market ended 1Q2018 with GWP worth EUR 1.32 billion, 10.8% up y-o-y. Non-life insurance lines had the largest contribution, reporting GWP of EUR 889.4 million, which is 12.7% more y-o-y.
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STATISTICS: HUNGARY, 1Q 2018: The insurers' quarterly net profit climbed by 41% y-o-y
by Vlad BOLDIJAR, 2018-06-14
Hungarian 25 insurers reported 1Q 2018 aggregate GWP up by 8.2% y-o-y to HUF 275.6 billion (EUR 881.9 million), according to the market data published by the National Bank of Hungary (MNB).
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STATISTICS: SERBIA 1Q2018: Top 3 insurers accounted for almost two thirds of total market
by Vlad BOLDIJAR, 2018-06-14
The Serbian insurance market experienced a 2.4% y-o-y increase in Q1 GWP to RSD 24.7 billion (EUR 208 million), according to the NBS's (National Bank of Serbia) quarterly figures.
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SLOVAKIA: Fiscal changes in the insurance industry postponed for January 2019
by Daniela GHETU, 2018-06-13
The introduction of the new 8% tax on non-life insurance premiums in Slovakia was postponed from October 2018, to January 2019, to allow insurance companies prepare for the change, the country's parliament decided on 7 June.
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Dr. Christopher LOHMANN: Gothaer Group is not conducting negotiations on selling its Romanian unit
by Adina TUDOR, 2018-06-13
For the last years, Gothaer Group's Romanian subsidiary, Gothaer Asigurari Reasigurari, recorded sound growth numbers. 2017 meant a two-digit y-o-y growth (21.7%) in GWP, up to more than RON 119 million (EUR 26 million), a result that confirms solid development.
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BULGARIA: Agricultural insurance co-financing scheme to receive extra funding
by Daniela GHETU, 2018-06-14
According to a recent decision of the Bulgarian State Fund Agriculture, the budget state aid scheme for agricultural insurance premiums co-financing will be increased by BGN 700,000 in 2018, to BGN 2.2 million (EUR 1.12 million), Novinite reports.
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AZERBAIJAN: Pasha Sigorta introduced the 1st international health insurance product in the country
by Marina MAGNAVAL, 2018-06-13
The biggest local insurer Pasha Sigorta announced introduction of the 1st international health insurance product in Azerbaijan, according to the portal abc.az. At that maximal insurance amount within the product is USD 250 thousand and minimal premium is USD 769.
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BELARUS: Belarusian insurance market is expecting liberalization and changes
by Marina MAGNAVAL, 2018-06-14
The planned changes in the local insurance sector will affect life insurance. Besides, the market is expecting liberalization, correction of working conditions and development of online insurance, said the Head of the insurance supervisory main department at the Ministry of Finance of Belarus - Sergey OSENKO during his interview for BELTA (Belarusian information agency).
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Kazakhstan: since July 2017 Fund of social health insurance received almost KZT 71.9 billion
by Marina MAGNAVAL, 2018-06-13
From July 1, 2017 to May 31, 2018 the Fund of social health insurance received about KZT 71.9 billion of premiums, as announced by the Fund. Only in May this year premiums amounted to KZT 8.5 billion. At that the current population of Kazakhstan is more than 18.2 million.
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KAZAKHSTAN: insurers VICTORY and NURPOLICY started merger
by Marina MAGNAVAL, 2018-06-13
Insurance company VICTORY, which is in terms of assets is the 2nd insurer in the country (KZT 83.7 billion), announced about consolidation with the insurer NURPOLICY (27th place in terms of assets of 32 insurers), a subsidiary of NURBANK.
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Russia: Cooperation between National Association of Agriculture Insurers and ASNACODI will improve development of the Russian agroinsurance
by Marina MAGNAVAL, 2018-06-13
Within the framework of XVI International Conference of the All-Russian Insurance Association President of the National Association of Agriculture Insurers (NAAI) Korney BIJDOV and President of the National Association of agriculture mutual insurance of Italy ASNACODI, Albano AGABITI, signed a cooperation agreement, informed the Agency of insurance news (ASN).
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5th Annual Insurance Business Forum "Challenges of the Year 2018"
by Editorial team, 2018-06-12
will take place on September 17-21, 2018 in SochiThe upcoming Forum, supported by the All-Russian Union of Insurers (ARIA), will logically continue a detailed discussion of the most pressing issues previously raised at ARIA events in 2018: Insurance and Reinsurance International Congress in Moscow and Insurance International Conference in St. Petersburg.
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UKRAINE: insurance licenses of DOMINANTA revoked
by Marina MAGNAVAL, 2018-06-13
National Financial Services Committee revoked all insurance licenses of insurer DOMINANTA, member of the committee Denis YASTREB said.
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Tajikistan: local insurance market lost one insurer
by Marina MAGNAVAL, 2018-06-13
Insurance company SUGURTAI NACHOT stopped its insurance activity on the Tajik market due to expiration of its license, as informed the press service of the National Bank of Tajikistan.
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The next stage of Digital Fraud Analytics: balancing risk and customer experience
by Redactia, 2018-06-11
FRISS will host on Wednesday, 20 June a 30 minutes webinar, by Karlyn Carnahan (Celent), looking at the role of fraud analytics tools as an enabler of customer experience. Registrations are opened.
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GDPR - A new challenge in the insurance fraud fight
by Daniela GHETU, 2018-06-12
Application of the General Data Protection Regulation (GDPR) may significantly impact upon insurance industry's projects which imply data sharing between members, among others for fraud fight purposes, Irish Minister for Justice Charlie Flanagan has said, reports The Irish Times.
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ING and AXA announce digital partnership to build a global insurance platform
by Daniela GHETU, 2018-06-14
ING and AXA announced an exclusive, long term, multi-country bancassurance partnership to provide ING customers P&C and health and protection insurance products and related services through a central digital insurance platform, in six markets: Germany, Australia, Italy, France, Czech Republic and Austria.
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RSA received the approval for its post-Brexit subsidiary
by Vlad BOLDIJAR, 2018-06-13
RSA has received licence approval for its new insurance subsidiary in Luxembourg from the regulator, the Commissariat aux Assurances (CAA).
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TOP EVENT

VIG

Insurance Conference in Azerbaijan - more than 100 leaders have confirmed their attendance. Have you registered yet?

by Oleg DORONCEANU, 2018-05-31
20-21 June 2018 in Baku, will take place, at the Boulevard Hotel, the annual and most important insurance event within the region - "Insurance in Azerbaijan: New perspectives".
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Register now at the 2nd Edition of "IFRS 17 Implementation in Life Insurance". XPRIMM readers get a special discount!
by Adina TUDOR, 2018-06-12
The "IFRS 17 Implementation in Life Insurance" Conference aims to show Life Insurance firms how to develop appropriate controls, systems and models in line with IFRS 17 to minimise the impact of the new accounting regulation in Life Insurance.
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MARKETS AND TRENDS
VIG

Are GDPR non-compliance fines insurable or not?

by Daniela GHETU, 2018-06-14
Complying to the EU General Data Protection Regulation (GDPR), effective from 25 of May 2018, is currently one of the most challenging issues for many organizations. Even in the absence of a personal data breach incident, companies may face regulatory assessments resulting in fines and penalties. Moreover, companies operating on several territories, including the EU, may encounter situations interesting several jurisdictions with different legislation. How much can insurance help organization to manage this kind of operational risks?
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VIG
JLT

STATISTIC UPDATES
CZECH REP. 1Q2018 (CAP)
HUNGARY 1Q 2018
SERBIA 1Q2018

TRUST RE

PARTNER EVENTS

International Conference InsuranceNEXT'UA 2018
14- 15 June 2018
Kiev, Ukraine


INSURANCE CUSTOMER ENGAGEMENT
19 - 20 June, 2018
The Grange Tower Bridge Hotel, London, UK


8th Annual Africa Insurance and Reinsurance Conference
20-21 June, 2018
Nairobi, Kenya


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

CURRENT XPRIMM REPORTS
RUSSIA FY2017
Ins. Report CEE, SEE & CIS – FY2017
KAZAKHSTAN FY2016 & 1H2017
TURKEY FY2016 & 1H2017
ROMANIA FY2017
Motor Ins. Report FY2016
Property Ins. Report FY2016

ERGO
EUROINS
PRESS CUTTINGS
Allianz's Pursuit of Insurance Targets Keeps Market Guessing

AZERBAIJAN: PASHA Insurance keen to expand range of international products

Azerbaijani insurance company reduces payments, fees
Cultural diversity as a means of boosting resilience at Austrian companies

Fiba Emeklilik ve Hayat A.S's Acquisition of Groupama's private pension portfolio

Groupama SA is becoming Groupama Assurances Mutuelles

Insurers in Ukraine in the quarter. increased net premium premiums increased by 26.7%, gross - by 6.6%

NN Bike in Romania - innovation to improve the customer experience

Talanx further expands sustainability agenda

UKRAINE's insurers raise collection of net premiums by 26%

Volume of premiums in Kazakhstan's tourism insurance sector decreases

OMNIASIG
MARSH

XPRIMM News