XPRIMM News
Insurance Newsletter, No. 472, 31 October, 2019

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TOP NEWS - CURRENT REPORTS - STATISTIC UPDATES


TOP NEWS
Swiss Re, 9M2019: net income rose 23.2% y-o-y
by press.release, 2019-10-31
For the first three quarters of 2019, Swiss Re net income reached USD 1.3 billion at group level, representing an increase of 23.2% from the same period of prior year, growth driven by reinsurance activity and a 4.3% return on investments.
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MMC, 9M2019: revenue up 10.2% y-o-y
by press.release, 2019-10-29
Marsh & McLennan Companies (MMC) consolidated revenues rose by 10% year-on-year at the end of first nine months of 2019. The total revenues were around USD 12.4 billion (9M2018: USD 11.2 billion).
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Aon, 9M2019: revenue increased 2%, to USD 8.1 billion
by press.release, 2019-10-30
For the first nine months of 2019, Aon revenue increased by USD 128 million (1.6%) compared to the same period of prior year, amounting USD 8.1 billion at the end of September 2019, due primarily to organic revenue growth of 6%, partially offset by a 3% unfavorable impact from foreign currency translation and a 1% unfavorable impact related to divestitures, net of acquisitions.
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CROATIA Osiguranje, 3Q2019: net profit down by 15.6% and steady underwriting performance
by Daniela GHETU, 2019-10-30
CROATIA Osiguranje Group's results after 3Q show a steady underwriting performance, but a declining profitability, with the consolidated net profit decreasing by 15.6% y-o-y, to EUR 37.8 million (HRK 280 million). Total GWP amounted to EUR 363.8 million (HRK 2693.4 million), 0.3% less y-o-y.
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STATISTICS: CROATIAN insurers' 9 months business expanded to EUR 1.1 billion
by Andrei Victor, 2019-10-31
GWP of the 18 active Croatian insurers increased by 7.54% y-o-y, to HRK 8.15 billion (EUR 1.10 billion) in 3Q 2019, the Croatian Insurance Bureau quarterly figures showed. The value of paid claims totaled HRK 4.25 billion, up by 6.02% compared to the prior year's level.
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The 2019 edition of the Croatian Insurance Days to start in two weeks
by Daniela GHETU, 2019-10-30
From the difficulties raised by the present volatile economic environment to the challenges raised by the fast technological advancement and the changing customers' behavior, the insurance sector is definitely going through a time of major changes.
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STATISTICS: ESTONIA: 9 months insurers' GWP rises EUR 10 million vs. 3Q2018
by Andrei Victor, 2019-10-31
Estonian insurers posted aggregate GWP of EUR 366.6 million at the end of September 2019, up by EUR 10 million as compared with 3Q2018, according to quarterly market figures published by the Estonian National Statistics Board.
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QIC Group, 9M2019: USD 137 million net profit, up 5.4%
by press.release, 2019-10-29
Qatar Insurance Group (QIC Group) reported a net profit of USD 137 million for the first nine months of 2019, up by 5.4% compared to same period of prior year. According to QIC Group, the Middle East North African (MENA) markets continued to produce stable premiums with underwriting profitability, weathering geopolitical headwinds in the region.
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WTW, 9M2019: net income went up by 8.2% y-o-y
by press.release, 2019-10-31
Willis Towers Watson (WTW) ended the first nine months of 2019 with a net income of USD 522 million, 8.2% more that the net income of the same period of prior year.
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MetLife, 3Q2019: net income increased by 2.4 times
by press.release, 2019-10-31
MetLife reported a net income of USD 2.2 billion for the period between July - September 2019, 2.4 times more than the third quarter of 2018 (USD 880 million), reflecting an increase of 145% y-o-y.
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MAPFRE, 9M2019: 2.5% GWP increase drove by Latin America business expansion
by press.release, 2019-10-31
MAPFRE ended the first nine months of 2019 with a net result of EUR 463 million, 12.5% lower than the net result of the same period of 2018. Most of this amount came from Iberia, Latin America and Reinsurance business areas.
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Everest Re, 9M2019: net income growth rate negatively impacted by third quarter hurricanes
by press.release, 2019-10-30
Everest Re Group reported a net income of USD 792 million for the first nine months of 2019, up 7.4% year-on-year. However, the third quarter of 2019 net income was 47.4% smaller than previous year result, amounting USD 104 million, driven by hurricane related losses.
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KAZAKHSTAN: life share in market portfolio up by 5.5 pp. y-o-y
by Marina MAGNAVAL, 2019-10-29
Between January - September 2019, Kazakhstan market GWP grew by 32.1% y-o-y, Allinsurance.kz reports. Total GWP volume reached KZT 378.9 billion (+32.1% in local currency; ~EUR 0.89 billion). Of this amount non-life sector accounted for 63.3%, while the life share was 36.7% respectively (versus 31.2% a year ago).
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STATISTICS: KAZAKHSTAN, 3Q2019: market paid claims up by almost 63% y-o-y
by Marina MAGNAVAL, 2019-10-31
Kazakhstan's market GWP reached KZT 378.9 billion (+32.1% in local currency; ~ EUR 894.87 million) at the end of third quarter of 2019, National Bank's data show.
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RUSSIA: Jan-Sept state support crop insurance grew 269% while livestock insurance increased 53%
by Marina MAGNAVAL, 2019-10-30
For the first 9 months of 2019, agricultural insurance market volume saw a significant growth by 2.5-fold while the insured area increased by more than 5.3-fold, according to the National Association of Agriculture Insurers (NAAI).
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TAJIKISTAN: new insurer registered - Eskhata Sugurta
by Marina MAGNAVAL, 2019-10-29
A new insurance company, Eskhata Sugurta, has been registered on the Tajik market, Avesta news agency reports, citing the press center of the National Bank of the country.
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UKRAINE: January-August total number of MTPL complaints about insurers' decreased by almost 20% y-o-y
by Marina MAGNAVAL, 2019-10-30
For the first eight months of 2019, the total number of MTPL contracts increased by 3.5% y-o-y, exceeding 5.4 million units. MTPL GWP increased as well, by 11%, Forinsurer reports.
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UZBEKISTAN: paid claims of O`zbekinvest Hayot for 9 months increased by almost 71% y-o-y
by Marina MAGNAVAL, 2019-10-31
From January to September 2019, the paid claims of O`zbekinvest Hayot exceeded UZS 84.4 billion (~EUR 8.13 million), which is 70.8% more than a year ago, according to UzReport.news.
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VIG

INTERVIEWS

Interview with David ONOPRISHVILI Chairman, Insurance State Supervision Service of Georgia

Interview with Levan JISHKARIANI, General Director, MAI Georgia Insurance Brokers

Interview with Andrey UNTON General Director, BELARUS Re


VIG

On the move
Aon appoints Lisa STEVENS as Chief People Officer
by press.release, 2019-10-29
Aon plc announced the appointment of Lisa STEVENS as Chief People Officer, part of an ongoing series of actions to further strengthen alignment and accelerate momentum in bringing its Aon United growth strategy closer to clients around the world.
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TRUST RE

STATISTIC UPDATES
  STATISTICS: KAZAKHSTAN, 3Q2019
  STATISTICS: CROATIAN 3Q2019
  STATISTICS: ESTONIA: 3Q2019

ERGO
EUROINS

EVENTS

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

Croatian Insurance Days 2019
Croatian Insurance Days 201
6 - 8 November 2019, Opatija, Croatia
Organizer: Croatian Insurance Bureau (HUO)
Media Partner: XPRIMM Publications
For details: http://www.dani-osiguranja.huo.hr


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 For details: digitalinsuranceagenda.com

DIA Hong Kong
11-13 December 2019 Hong Kong Organizer: DIA Media Partner: XPRIMM Publications For details: digitalinsuranceagenda.com

Bancassurance Sales Training Masterclass 2020
15 - 17 January 2020
Bangkok, Thailand
Organizer:?EQUIP Global
Media Partner:?XPRIMM Publications
For details:?equip-global.com?

Bancassurance Masterclass Africa 2020
11 - 13 February 2020
Johannesburg, South Africa
Organizer:?EQUIP Global
Media Partner:?XPRIMM Publications
For details:?equip-global.com

OMNIASIG

CURRENT XPRIMM REPORTS
XPRIMM Ins. Report 1H2019
RUSSIA FY2018
KAZAKHSTAN 1H2019
TURKEY 1H2019
ROMANIA 1H2019
Motor Ins. Report FY2018
Property Ins. Report FY2018

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