 TOP EVENT - 11TH EVENT INSURANCE EUROPE |
EVENT: Insurance Europe's annual International Conference gathers industry professionals in Bucharest
by Adina TUDOR, Andreea RADU, 2019-05-23
The 11th International Insurance Conference, organized by Insurance Europe, takes place today, 23 May, in Bucharest, gathering re/insurance professionals from all over the world.
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Klaus IOHANNIS, President of Romania, at #InsConf19: The future of insurance consists of finding the right balance between immediate needs and a long-term oriented approach
by Adina TUDOR, 2019-05-23
"A fair and constructive debate on the future of the insurance industry is more than welcome now, in the context of the new challenges and opportunities that are arising". This is the official message sent by the President of Romania, Klaus IOHANNIS, with the occasion of The 11th International Insurance Conference, organized by Insurance Europe and taking place on 23 May in Bucharest.
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European policymakers must act to ensure insurers can fully contribute towards a sustainable Europe
by Adina TUDOR, 2019-05-23
Insurers can contribute towards a more sustainable Europe in multiple ways: through stewardship, investment and divestment strategies, and co-investment with governments in key green infrastructure programs, Insurance Europe's president, Andreas BRANDSTETTER, CEO and chairman of UNIQA Insurance Group, explained, speaking at the 11th International Insurance Conference taking place on 23 May in Bucharest.
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Nilay OZDEN, MARSH at #InsConf19: "Cyber insurance is part of the toolkit to bolster resilience"
by Adina TUDOR, 2019-05-23
During the 11th International Insurance Conference, organized by Insurance Europe in Bucharest, Nilay OZDEN, Managing Director, FINPRO Practice Leader, MARSH, Continental Europe, talked about the role of cyber insurance for bolstering resilience.
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| TOP EVENT - FIAR 2019 |
| TOP
NEWS |
VIG, 1Q2019: Net result improved by 10.5%
by Cosmin CONCEATU, 2019-05-23
In the first quarter of 2019, Vienna Insurance Group (VIG) saw an increase of 2.9% in GWP, compared to the first quarter of 2018. Profit before taxes also increased by 8.7%, while the net result increased by 10.5%.
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STATISTICS: ALBANIA, 1Q2019: insurers' Q1 GWP up by more than 10% y-o-y
by Andrei Victor, 2019-05-23
The gross written premiums of Albanian insurers increased 10.8% y-o-y during January-March 2019, reaching ALL 3.93 billion or EUR 31.3 million, as the official figures provided by the Albanian FSA showed.
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HALKBANK wants to further expand activity in Balkans
by Cosmin CONCEATU, 2019-05-23
Turkey-based Halkbank announced the acquisition of Macedonian Nova Insurance, and now shows interest in investing in Moldova, too. Halkbank is already active in North Macedonia and Serbia, making Moldova the third country in the region Halkbank wants to develop.
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STATISTICS: CROATIA, 1Q2019: 6% y-o-y rise in GWP, driven by the non-life segment
by Andrei Victor, 2019-05-23
The gross written premiums of Croatian insurers totaled HRK 2.93 billion (EUR 396 million) in the first three months of 2019, up by 5.97% on the year, the Croatian Insurance Bureau informed.
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TRIGLAV 1Q2019 net profit increased by 9% at Group level
by Cosmin CONCEATU, 2019-05-17
Slovenia-based Triglav Group registered a profit of EUR 26 million in the first quarter of 2019. Investments played the biggest role for the 9% increase in Group's profit. Triglav's activity outside Slovenia slightly increased compared to 2018 Q1.
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Munich Re, 1Q2019: First quarter profit dropped by EUR 194 million
by Cosmin CONCEATU, 2019-05-17
In the first quarter of 2019, Munich Re generated a profit of EUR 633 million. Higher basic losses and greater expenditure for claims from previous years prevented a repeat of the extraordinary result in the same quarter last year, which was practically free of major losses.
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UNIQA, 1Q2019: Solid earnings before taxes in first quarter
by Cosmin CONCEATU, 2019-05-17
UNIQA Insurance Group made a positive start to 2019, with earnings before taxes of EUR 42.3 million in the first quarter. Total premiums written by the UNIQA Group (including the savings from life insurance) decreased though, by 0.4 per cent, to EUR 1,530.0 million.
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Future of insurance claims in focus at Fourth Annual Connected Claims Europe Summit. XPRIMM readers get a special DISCOUNT!
by Adina TUDOR, 2019-05-23
With new technologies enabling both operational efficiency and a superior customer experience, from artificial intelligence to IoT technology and mobile customer communication methods, evidence shows now is a critical time for claims transformation in Europe.
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STATISTICS: ARMENIA, 1Q2019: market growth slowed down by 30%
by Marina MAGNAVAL, 2019-05-23
Total GWP of Armenian insurers in the 1st quarter amounted to AMD 16.5 billion (EUR 30.28 million), 17.4% more y-o-y in local currency (vs 47.6% a year ago according to the insurer's portfolio data), market results from ArmInfo show.
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AZERBAIJAN: regulator restricts AzerSigorta's license
by Marina MAGNAVAL, 2019-05-23
The Financial Market Supervisory Authority of Azerbaijan (FIMSA) has restricted the license of the only state commercial insurer AzerSigorta, the regulator announced. Azerbaijan's Bureau of Compulsory Insurance (ISB) also restricted the insurer's access to its information system.
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STATISTICS: AZERBAIJAN, 1Q2019: GWP saw slight increase while paid claims dropped by more than 23% y-o-y
by Marina MAGNAVAL, 2019-05-23
In 1Q2019, Azeri insurers generated GWP in the amount of AZN 201.17 million (EUR 105.38 million), 4.17% more y-o-y, according to the statistical data, published by The Financial Market Supervisory Authority of Azerbaijan (FIMSA).
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KAZAKHSTAN: MTPL concentration increasing - TOP-5 share has exceeded 73%
by Marina MAGNAVAL, 2019-05-23
As of May 1, 2019, 7 out of 16 companies, providing MTPL insurance, showed negative trend y-o-y, although total GWP of the segment increased by 14%, to KZT 22.9 billion, Allinsurance.kz reports with reference to the data of the National Bank of Kazakhstan.
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RUSSIA: net profit of INGOSSTRAKH dropped by 20% y-o-y in the 1st quarter
by Marina MAGNAVAL, 2019-05-23
For the first three months of this year, INGOSSTRAKH's net profit decreased by 20% to RUB 2.5 billion. Profit before tax for this period dropped by 18%, ASN reports in reference to the insurer's statement.
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Four weeks to the "Insurance in Azerbaijan" Conference start, in Baku
by Daniela GHETU, 2019-05-23
Baku will host on 28 June the 2019 edition of the "Insurance in Azerbaijan: Trends & Opportunities" Conference, an event organized by XPRIMM, AIA - Azerbaijan Insurers Association , with the official support of the Financial Market Supervisory Authority of Azerbaijan and CIB-Compulsory Insurance Bureau, as co-organizer.
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| On the move |
Frederic de COURTOIS named vice-president of Insurance Europe
by Adina TUDOR, 2019-05-23
Frederic de Courtois, General Manager of GENERALI Group, has been elected vice-president of Insurance Europe, the European insurance and reinsurance federation, for a three-year term.
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The CEE leading insurance broking group MAI CEE announces new appointment
by Marina MAGNAVAL, 2019-05-23
MAI CEE Insurance Brokers, Central and Eastern Europe's leading insurance and reinsurance broker, having partners in over 140 countries, announced last Friday (May 17) the appointment of Piotr CIESLAK as Group CEO, according to MAI CEE official statement.
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