XPRIMM News
Insurance Newsletter, No. 463, 29 August, 2019

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TOP NEWS - CURRENT REPORTS - STATISTIC UPDATES

TOP NEWS
VIG, 1H2019: strong growth; Group well on course to reach targets
by Daniela GHETU, 2019-08-27
Vienna Insurance Group (VIG) has reported a 6% y-o-y GWP increase, to EUR 5.4 billion for the first half of the year, while on the profitability side, pre-tax profits went up by 10.5%, to EUR 257 million, for a combined ratio of 96.4%, close to last year's level.
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ZURICH, 1H2019: business operating profit went up by 16% y-o-y
by Cosmin CONCEATU, 2019-08-28
Zurich Insurance Group reported a business operating profit (BOP) of USD 2.8 billion at the end of the first half of 2019. The evolution reflects an increase of 16% compared to the profit of the same period of prior year.
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ERGO Germany implements FRISS AI in claims management process
by Cosmin CONCEATU, 2019-08-28
ERGO Germany successfully implemented FRISS Fraud Detection at Claims system in their claims management activity. ERGO Germany will take advantage of artificial intelligence (AI) to optimize their portfolio and fasten the claims management process.
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STATISTICS: KOSOVO, 1H2019: Market profitability affected by the claims reserves increase
by Cosmin CONCEATU, 2019-08-29
By the end of the first half of 2019, Kosovan insurance companies have written EUR 48.4 million in GWP, 7.8% more than the level recorded in the first half of the prior year (1H2018: EUR 45 million).
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LATVIA: new liability limits for drone insurance
by Cosmin CONCEATU, 2019-08-29
On August 13th, the Government of Latvia approved the draft over "unmanned aircrafts and other aircrafts" regulation, according to which all drones that weight over 250 grams (~0.55 lbs) are required to carry a civil liability insurance.
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STATISTICS: NORTH MACEDONIA, 1H2019: life, MTPL and fire insurance fed the market growth
by Daniela GHETU, 2019-08-29
Macedonian insurers ended 1H2019 with an aggregate GWP volume of EUR 85.37 million, 6.7% up y-o-y. In relative terms, the life insurance sector showed a double-digit growth rate, but in absolute value, it was still the non-life insurance segment providing for the largest contribution to the market growth.
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POLAND: Guarantee Fund will grant new benefits to motor accidents victims
by Cosmin CONCEATU, 2019-08-29
Insurance Guarantee Fund of Poland (UFG) announced it will be compensating the victims of accidents from the past years, in the cases where insurers' motor liability insurance funds have been exhausted.
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The PZU Group, 1H2019: EUR 2.8 billion in GWP and EUR 345 million net profit for the parent company
by Daniela GHETU, 2019-08-29
The PZU Group has achieved in 1H2019 the highest net financial result attributed to the parent company for the first half of the last five years, of PLN 1.48 billion, while the group's efficiency ratios were better than planned.
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UNIQA, 1H2019: notable growth in CEE and SEE markets
by Cosmin CONCEATU, 2019-08-28
UNIQA Group announced a "solid" first half of 2019, with a net profit of EUR 105.6 million and a total volume of written premiums (GWP) of EUR 2.8 billion. Health segment saw the highest growth in terms of GWP (+3.4%), while Life insurance shrunk by 4.2% at group level.
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METLIFE, 2Q2019: net income doubled in the second quarter of 2019
by press.release, 2019-08-27
MetLife reported a consolidated net income of USD 1.7 billion in the second quarter of 2019, a twofold increase compared to 2Q 2018 net income of USD 0.85 billion. For 2019 first six-month period, MetLife consolidated net income was USD 3.1 billion (+46% change y-o-y).
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STATISTICS: BELARUS, 1H2019: life insurance increased by almost 31% y-o-y
by Marina MAGNAVAL, 2019-08-29
In the first half of 2019, GWP of the Belarusian market amounted to BYN 689.9 million (EUR 296.72 million), which in local currency is 13.63% more y-o-y. At that, paid claims increased by only 9.16%, to BYN 333.56 million (EUR 143.46 million), data published by the Ministry of Finance show.
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KAZAKHSTAN: life insurance provided 80% of the market y-o-y growth for January-July
by Marina MAGNAVAL, 2019-08-29
During the January - July 2019 period, total market GWP increased by KZT 57.1 billion/~EUR 0.13 billion (+23%) y-o-y. At the same time, about 80% of that increase was provided by the life sector, as Allinsurance.kz reports.
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STATISTICS: MOLDOVA, 1H2019: paid claims growing more than twice as fast as GWP in local currency
by Marina MAGNAVAL, 2019-08-29
In the first half of 2019, Moldovan insurers generated GWP in the amount of MDL 769.48 million (EUR 37.27 million), about 9% more y-o-y. At the same time, growth of paid claims was much more impressive - by 18.81%, up to MDL 347.02 million, according to the official data published by the National Commission of the Financial Market in Moldova (CNPF).
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RUSSIA: total insured area of agricultural crops increased 5 times in the first 7 months of this year
by Cosmin CONCEATU, 2019-08-29
National Association of Agricultural Insurers (NAAI) announced improvements in the Russian agricultural insurance business, for the first seven months of 2019. The total insured area was of 2.8 million hectares, 5 times the size of the same period of prior year.
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UKRAINE: MTIBU: in January-June 20 MTPL insurers got high rating
by Marina MAGNAVAL, 2019-08-29
According to the quarterly assessment of the MTIBU (Motor Transport Insurance Bureau of Ukraine), in the first half of the current year, 20 MTPL insurers out of 48 bureau members received a high rating, as Forinsurer reports.
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On the move
Anette REY joins SCOR as Head Of Group Communications
by press.release, 2019-08-27
Anette REY joined SCOR as Head of Group Communications, reporting to the Group Chief Operating Officer, Romain LAUNAY. Based in Paris, she will be responsible for all facets of Group communications, both external and internal.
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Oliver WILLMES to take over as Chairman of the Board of ERGO International AG
by press.release, 2019-08-27
Oliver WILLMES will take over the position as Chairman of the Board of ERGO International AG as from 1 October, subject to the approval of the appropriate Supervisory Authorities.
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Yves BETZ to embark on HDI Global SE Management Board
by press.release, 2019-08-27
The Supervisory Board of HDI Global SE, the industrial insurer of the HDI Group, has appointed Yves BETZ as a new Member of the Management Board, with effect from 1 December 2019.
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TOP EVENTS
ICAR 2019: Climate change is here. Where to the insurance industry??
by Daniela GHETU, 2019-08-08?
If the 2010 floods, one of the most destructive events that affected Poland in 2010, had taken place in 2018, it would have cost EUR 3.8 billion, which in local currency means by 20.9% more than in 2010.More?

VIG


TRUST RE

STATISTIC UPDATES
STATISTICS: NORTH MACEDONIA, 1H2019
  STATISTICS: KOSOVO, 1H2019
STATISTICS: MOLDOVA, 1H2019
STATISTICS: BELARUS, 1H2019

ERGO
EUROINS

EVENTS
Insurance Conference - Back 2 Basics
Ljubljana, Slovenia,
6 September 2019
Organizer: AZN - Insurance Supervision Agency of Slovenia
For details: www.a-zn.si


Les Rendez-Vous de Septembre
7-12 September 2019
Monte-Carlo, Monaco
For details: rvs-monte-carlo.com

XIX INTERNATIONAL FINANCE FORUM
12-15 September 2019
Hotel Gagarinn, Odessa, Ukraine
For details: cbs.org.ua


6th Annual Insurance Business Forum
16-18 September, 2019
Swissotel Sochi Kamelia, Sochi, Russia
Organizer: Insurance Business Forum
For details: http://ibf.ins-df.com

4th Annual Connected Claims Europe
18 - 19 September, 2019
Novotel Amsterdam City, The Netherlands
Organizer:?Insurance Nexus
Media Partner:?XPRIMM Publications
For details:?events.insurancenexus.com

9th Edition Insurance Asset Management
18 - 20 September, 2019
Amsterdam, Netherlands
Organizer:?marcus evans
Media Partner:?XPRIMM Publications
For details:?marcusevans-conferences-paneuropean.com

Annual National Reinsurers Summit
3 - 4 October 2019
St. Petersburg, Russia
Organiser: RNRC - Russian National Reinsurance Company
For details: en.rnrc.ru


Baden-Baden XPRIMM Reception
20 October 2019
Kurhaus Casino
Baden-Baden, Germany
Organizer: XPRIMM
For details:xprimmevents.com/baden/

10th Annual WorldPensionSummit
22 - 24 October, 2019
Louwman Museum, the Hague, the Netherlands
Organizer:?P&I Events
Media Partner:?XPRIMM Publications
For details:?pionline.com/wps2019


Baden Baden Meetings 2019
20-24 October 2019
Baden Baden, Germany
For details: www.baden-baden-reinsurance.de

Insurance Conference - Republic of Moldova
3rd Edition
11 November, 2019
Radisson Blu Leogrand Hotel
Chisinau, Republic of Moldova
Organizer: XPRIMM

OMNIASIG
MARSH

CURRENT XPRIMM REPORTS
XPRIMM Ins. Report FY2018
RUSSIA FY2018
KAZAKHSTAN FY2017 & 1H2018
TURKEY FY2017 & 1H2018
ROMANIA FY2018
Motor Ins. Report FY2017
Property Ins. Report FY2017

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