Insurance Newsletter, No. 464, 5 September, 2019

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A.M. Best: Swiss Re takes over the Top 50 Global Reinsurance leading position from Munich Re
by Daniela GHETU, 2019-09-04
For the second time in the last three years, Swiss Re has topped the Top 50 Global Reinsurance groups ranking released by A.M. Best, taking over the leadership from Munich Re, the undisputed leader since 2010, except for 2016. In fact, while Munich Re leads the non-life sub-ranking, while Swiss Re holds the first position in the life insurance one.

Vienna Insurance Group expands its footprint in the Northern Europe
by Daniela GHETU, 2019-09-05
Vienna Insurance Group (VIG) starts operating in Sweden, Norway, Denmark and Finland. A locally established team of VIG underwriters will be offering insurance solutions to corporate customers through brokers, the Austrian group has announced.

VIG won the first place among insurance companies in BEST RECRUITERS annual ranking
by press.release, 2019-09-04
BEST RECRUITERS tested recruiting measures of 1,311 organisations in the German-speaking countries. Vienna Insurance Group (VIG) emerged as industry winner of insurances in Germany, Austria, Switzerland and Liechtenstein.

STATISTICS: Albanian insurers' H1 premiums up by 5% y-o-y
by Andrei Victor, 2019-09-05
The gross written premiums of Albanian insurers increased by 5% year-on-year in the first half of 2019, reaching ALL 8 billion (EUR 66 million), official market statistics show.

Croatian insurers' business on other EU markets went up 3.5 times y-o-y in 2018
by Daniela GHETU, 2019-09-05
The total gross premiums written abroad by the Croatian insurers amounted to HRK 235.6 million (EUR 31.76 million), three and a half times more y-o-y. Out of the total premium production, GWP on foreign markets accounted for 2.39% (in 2017, 0.73%).

STATISTICS: Hungarian insurers' GWP climbs more than 11% in H1
by Andrei Victor, 2019-09-05
Hungarian H1 insurers' GWP rose 11.3% year-on-year to HUF 591.5 billion (~EUR 1.8 billion) according to the quarterly market figures published by the National Bank of Hungary (MNB).

KOSOVO: Insurers exempted from taxation on collected premiums
by Cosmin CONCEATU, 2019-09-05
Insurance companies from Kosovo were exempted from paying the tax of 5% on turnover, including the 1% share that was redirected to the Red Cross of Kosovo.

LATVIA: The average MTPL indemnity rose by 29% in three years
by Cosmin CONCEATU, 2019-09-05
According to The Motor Insurers' Bureau of Latvia (LTAB), for the first half of 2019, the average MTPL indemnity was EUR 1,068, about 29% higher than the average MTPL claim from the first half of year 2016 (1H2016: EUR 826).

Guy Carpenter and CyberCube: financial firms are the most impacted during systematic cyber-attack events
by press.release, 2019-09-05
Guy Carpenter and CyberCube Analytics released the findings of a joint report that explores the size and shape of potential cyber catastrophes and the resulting financial impact on the U.S. cyber insurance market.

SCOR launches "Quantum Leap", the strategic plan that will accelerate the group's integration in the digital world
by Daniela GHETU, 2019-09-05
SCOR has presented in Paris, at its annual Investor Day, the group's new strategic plan, "Quantum Leap". The plan runs from July 1, 2019 to until December 31,2021 to coincide with the new IFRS 17 accounting standard that the Group will implement effective January 1, 2022.

CCR Group, 1H2019: two-digit increase for the international business
by Cosmin CONCEATU, 2019-09-05
France-based CCR Group released its first half of 2019 report. CCR, the public-sector reinsurer, reported a total amount of EUR 929 million written premiums (+3.5% y-o-y), while CCR RE, the global branch of the group, a total premium volume of EUR 441 million (+16% y-o-y).

GROUPAMA, 1H2019: premium income of EUR 9.5 billion, sustained by the French business
by Cosmin CONCEATU, 2019-09-04
France-based Groupama Group reported a total premium income of EUR 9,459 million for the first six months of 2019, showing an increase of 1.0% year-on-year, mostly sustained by French business, which grew by 1.9%.

BELARUS: decree "On insurance" provides for innovations from September
by Marina MAGNAVAL, 2019-09-05
As of September 1, 2019, the limits of insurance indemnity for accidents, documented without traffic police, have increased from EUR 400 to EUR 800 in Belarus, the BELTA news agency informs.
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KAZAKHSTAN: in January-July MTPL paid claims increased by 18% y-o-y amid the rapid aging of the fleet
by Marina MAGNAVAL, 2019-09-05
Between January - July this year, Kazakh insurers paid KZT 16.7 billion (~EUR 39 million) in the most popular individual insurance class, MTPL, which is 18% more y-o-y, according to Allinsurance.kz.
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STATISTICS: TAJIKISTAN, 1H2019: market share of compulsory insurance exceeded 33% amid decrease in voluntary
by Marina MAGNAVAL, 2019-09-05
In the first six months of 2019, the Tajik insurance market increased by about 4% in local currency, to TJS 97.40 million (EUR 9.07 million), according to the data, published by the National Bank of Tajikistan.
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UKRAINE: new development strategy for the financial market until 2025 under discussion
by Marina MAGNAVAL, 2019-09-05
Regulators of the Ukrainian financial market are inviting financial market participants, experts and international partners to discuss a new development strategy until 2025, Forinsurer reports.
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UKRAINE: since February 2018 the number of MTPL e-policies exceeded 768 thousand
by Marina MAGNAVAL, 2019-09-05
The total number of MTPL e-policies issued in Ukraine between February 7, 2018 (the date on the system introduction) and to September 1, 2019, reached 768.2 thousand, data of MTIBU (Motor (Transport) Insurance Bureau of Ukraine), quoted by Forinsurer, show.
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EVENT: Uzbekistan insurance market reform, to be discussed on November 5th, 2019, in Tashkent
by team, 2019-09-04
The government of Uzbekistan announced an ambitious reform plan for the currently underdeveloped insurance sector. The reform demands a substantial increase of the capital, as well as improvement of corporate governance procedures, reporting standards and competence of local insurance companies.

EVENT: Join the debates taking place at the 8th AIDA EUROPE CONFERENCE
by Adina TUDOR, 2019-09-05
Critical issues emerging from the development and application of Artificial Intelligence and how IDD addresses the implications of Insurtech are just a few of the topics analyzed during the 8th AIDA Europe Conference, taking place in October in Lisbon.

On the move
JLT Re's David FLANDRO to join Hyperion X Analytics
by team, 2019-09-04
David FLANDRO joins Hyperion X as Managing Director of Analytics, Reinsurance News informs. FLANDRO previously held the role of Global Head of Analytics of JLT Re.

AVIVA appoints ZURICH executive as COO
by Andrei Victor, 2019-09-04
AVIVA has announced the appointment of Erica ARNOLD to the new role of Chief Operating Officer, reporting to Maurice TULLOCH.

David BENEDEK joins the Management Board of Zavarovalnica Triglav
by Cosmin CONCEATU, 2019-09-03
On 29 August 2019, Zavarovalnica Triglav announced that David BENEDEK has assumed the office on the Management Board of Zavarovalnica Triglav, for a five-year term.

Andy TAYLOR will be the new CUO of TransRe
by Cosmin CONCEATU, 2019-09-02
TransRe has appointed Andy TAYLOR as Chief Underwriting Officer for the London, Continental Europe, Middle East, Africa and Asia Pacific businesses.

Sirius Group to form Global Management Committee
by Cosmin CONCEATU, 2019-09-02
Sirius Group announced a generous list of changes in the management structure across the company, a set of "enhancements to unify the global operating structure" and to empower a number of key leaders inside the group.

Julie SWEET appointed as CEO of Accenture
by Cosmin CONCEATU, 2019-09-02
Julie SWEET was assigned the role of Chief Executive Officer of Accenture, joining the company's board of directors. She succeeds David ROWLAND, who was assigned as interim Chief Executive Officer on January 10th.

Meet the latest XPRIMM reports at RVS Monte Carlo
by Daniela GHETU, 2019-09-05
The 63rd edition of the "Rendez-Vous de Septembre", the annual traditional meeting of reinsurers starts Sunday in Monte Carlo. XPRIMM Publications covering the CEE, SEE and CIS insurance markets are available at the XPRIMM stand in Fairmont Hotel, as well as at the most important venues in Monte Carlo.


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?





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

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

Bancassurance Asia Masterclass 2019
12 - 14 November 2019
Kuala Lumpur, Malaysia
Organizer:?Equip Global Pte Ltd
Media Partner:?XPRIMM Publications
For details:?equip-global.com

DIA Munich
20-21 November 2019??
Munich, Germany
Organizer: DIA
Media Partner: XPRIMM Publications

DIA Hong Kong
11-13 December 2019
Hong Kong
Organizer: DIA
Media Partner: XPRIMM Publications


XPRIMM Ins. Report FY2018
KAZAKHSTAN FY2017 & 1H2018
TURKEY FY2017 & 1H2018
Motor Ins. Report FY2018
Property Ins. Report FY2018