XPRIMM News
Insurance Newsletter, No. 469, 10 October, 2019

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TOP NEWS - CURRENT REPORTS - STATISTIC UPDATES

TOP NEWS
Insurance Europe: It is time to rethink ePrivacy
by press.release, 2019-10-10
A group of industry associations - representing interests as varied as ICT, automotive, medical technology, construction equipment, consumer electronics, home appliances, retail, banking and insurance - have called on the Council of the EU to ask the European Commission to fundamentally reassess its proposal for the ePrivacy Regulation.
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STATISTICS: BULGARIA, 1H2019: MTPL and the sickness insurance line were the main growth drivers
by Daniela GHETU, 2019-10-10
Bulgarian insurers have achieved GWP worth EUR 755.6 million in 1H2019, 20.4% up y-o-y. Paid claims increased, at the same time by 10.8%, to EUR 295.76 million. The MTPL insurance line was the main growth driver, providing for almost 60% of the extra premiums volume.
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STATISTICS: SLOVENIA, 1H2019: Health insurance total market share reached 22.3%
by Cosmin CONCEATU, 2019-10-10
For the first six months of 2019, Slovenian insurance market wrote a total amount of EUR 1,317 million gross premiums, 6.6% more than the volume of the same period of prior year. The total paid claims and benefits volume was EUR 784 million, decreasing by 0.6%.
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SLOVENIA: Sava Re d.d. considers options for issuing subordinated bonds
by press.release, 2019-10-10
Sava Re d.d. announced that it is considering options for issuing subordinated bonds to optimize the capital structure of the Sava Insurance Group. The Company will decide on whether to move forward with the bond issue after examining all market conditions.
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AM Best assigns Long-Term Issue Credit Rating "A-" to Generali
by press.release, 2019-10-07
AM Best has assigned a Long-Term Issue Credit Rating of "A-" to the EUR 750 million fixed rate senior dated subordinated notes due 2030 issued on 1 October 2019 by Assicurazioni Generali S.p.A. (Generali) (Italy).
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S&P affirms 'A' outlook stable rating UNIQA Group
by Cosmin CONCEATU, 2019-10-07
S&P Global Ratings affirmed its 'A' long-term issuer credit and financial strength ratings on the core operating entities of Austria-based multiline insurance group UNIQA.
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Munich Re invests USD 250 million in Next Insurance start-up
by Cosmin CONCEATU, 2019-10-07
Munich Re purchased additional shares in Silicon Valley based "Next Insurance", taking its overall holding in the Californian start-up to around 27.5%.
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FRISS and Munich Re extend partnership to bring value to insurers globally
by Cosmin CONCEATU, 2019-10-07
FRISS announced to have extended their partnership with Munich Re to globally support insurers in their fight against fraud.
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BELARUS: pension agreement between Belarus and Czech Republic entered into force on October 1
by Marina MAGNAVAL, 2019-10-08
The pension agreement d/d March 14, 2018 between Belarus and Czech Republic entered into force on October 1, as BELTA agency informed with reference to the Ministry of Labor and Social protection of Belarus.
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KAZAKHSTAN: S&P assesses insurance industry and country risk for the life insurance
by Marina MAGNAVAL, 2019-10-09
S&P Global Ratings assesses insurance industry and country risk as moderately high for the life insurance sector in Kazakhstan (BBB-/Stable/A-3), as stated in the agency's report.
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MOLDOVA: World Bank appreciates supervisor's work and is ready to further assist in reforming the insurance market
by Marina MAGNAVAL, 2019-10-08
At the end of September 2019, the World Bank's (WB) final mission from Chisinau was to assist in the implementation of the Moldovan insurance market reform, as Capital.market reports.
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UKRAINE: 2020 Green Card policies will be electronic
by Marina MAGNAVAL, 2019-10-09
Starting July 1st, 2020, a new Green Card electronic policy will be introduced in Ukraine. It will be accepted by all traffic authorities, controlling both domestic movement and movement between the countries of the system, said the General Director of MTIBU (Motor (Transport) Insurance Bureau of Ukraine), Volodimir SHEVCHENKO.
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UZBEKISTAN: a "road map" for introduction of compulsory health insurance was prepared
by Marina MAGNAVAL, 2019-10-09
Uzbekistan has developed a roadmap for compulsory health insurance introduction. In 2020, it is planned to establish a compulsory health insurance Fund from the state budget, according to the Minister of Health of Uzbekistan, Alisher SHADMANOV.
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MARKETS & TRENDS
Insurance Europe: EUR 3.6 billion premiums written and EUR 2.9 billion paid claims every day by European insurers in 2018
by Cosmin CONCEATU, 2019-10-09
European insurers wrote a total amount of EUR 1,311 billion in premiums and paid EUR 1,069 billion in claims and benefits during 2018, shows one of the latest Insurance Europe analysis.
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World Economic Forum: Cyberattacks and Fiscal Crises top list of business risks in 2019
by press.release, 2019-10-07
In a survey of nearly 13,000 business leaders in over 130 countries, respondents ranked "fiscal crises" as the leading risk to doing business at a global scale, World Economic Forum reports.
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TOP EVENTS
VIG
Register for Baden-Baden XPRIMM Reception
by Mihaela CIRCU, 2019-10-03
Already on its 11th edition, the Baden - Baden XPRIMM Reception, the traditional event organized by XPRIMM during the Baden-Baden Meetings, will take place on Sunday, 20 October, at Kurhaus Casino, gathering re/insurance specialists from all over the world.
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On the move
Guy Carpenter appoints Frank GUERRIERO as interim Head of International Facultative Operations
by Cosmin CONCEATU, 2019-10-07
Guy Carpenter & Company, LLC announced that Frank GUERRIERO has been appointed as Interim Head of International Facultative Operations, reporting to James NASH, CEO, International, Guy Carpenter.
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RUSSIA: Igor YURGENS remains the president of ARIA for the next three years
by Marina MAGNAVAL, 2019-10-08
At a meeting of the All-Russian Insurance Association (ARIA) on October 7, it was decided to re-elect Igor YURGENS as the President of ARIA for three years term. YURGENS was approved as a candidate by the Central Bank of Russia in August, ASN reports.
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VIG


TRUST RE

STATISTIC UPDATES
STATISTICS: BULGARIA, 1H2019
STATISTICS: SLOVENIA, 1H2019

ERGO
EUROINS

EVENTS

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

Georgian Evening
20 October 2019
Baden-Baden, Germany
For details: xprimmevents.com


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

Seminar: International ratings for insurance companies: What are the procedures and metrics used by international CRAs?
5 November, 2019
Tashkent, Uzbekistan
Organizer:?RAEX
Media Partner:?XPRIMM Publications
For details:?Click here

OMNIASIG

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

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