XPRIMM News
Insurance Newsletter, No. 481, 16 January, 2020

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TOP NEWS - CURRENT REPORTS - STATISTIC UPDATES


TOP NEWS
MUNICH Re: NatCat events cause overall losses of USD 150 billion in 2019, only one third being covered by insurance
by Andrei Victor, 2020-01-14
820 natural catastrophes caused overall losses of USD 150 billion in 2019, a portion of only USD 52 billion being insured, below the 2018 figure, as the global reinsurer MUNICH Re informed in a statement: "This was due, among other things, to the high share of flood losses, which are often not insured to the same extent as wind damage in most industrial countries".
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Catastrophe bond issuance breaches historic USD 100 billion milestone, according to Aon Securities data
by press.release, 2020-01-13
The catastrophe bond sector has surpassed USD 100 billion in cumulative issuance since its inception more than 20 years ago, Aon Securities, the investment banking division of Aon plc today announced.
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VIG

STATISTICS: Update 3Q2019, CZECH REP.: Insurers' business expanded by more than 5% y-o-y, CNB reports
by Andrei Victor, 2020-01-16
According to the most recent figures available on the Czech National Bank (CNB) website, the local insurance industry totaled about CZK 124.45 billion (~EUR 4.82 billion) at the end of September 2019, up by 5.86% y-o-y.
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STATISTICS: LATVIA, 3Q2019: Insurers' profits doubled to ~EUR 18 million
by Andrei Victor, 2020-01-16
The Latvian insurance market totaled EUR 588.70 million at the end of September 2019, or 3.69% more y-o-y, according to data published by the Financial and Capital Market Commission (FKTK). At the same time, the insurance companies paid EUR 384.20 million in claims (28.81% more y-o-y).
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ROMANIA: Motor combined ratios continue to rise
by Cosmin CONCEATU, 2020-01-13
At the end of the first nine months of 2019, Romanian motor insurance lines' combined ratio continued to follow the uphill road, both Motor Hull and MTPL exceeding once again the 100% threshold of profitability at market level.
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STATISTICS: SLOVENIAN insurers reported 9-months GWP of almost EUR 2 billion
by Andrei Victor, 2020-01-16
The GWP value of Slovenian insurers totaled EUR 1.90 billion in the first nine months of 2019, a 6.91% increase y-o-y, according to the Slovenian Insurance Association's Q3 report.
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Social robots are becoming more mainstream
by Adina TUDOR, 2020-01-13
"Robots can help us become better humans if we programmed them to be good robots", explains David CHEN, CFO, Hanson Robotics, in an interview for DIA.
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GENERALI completed the acquisition of SEGURADORAS UNIDAS and AdvanceCare in Portugal
by Andrei Victor, 2020-01-14
GENERALI finalized the acquisition in Portugal of 100% of the company SEGURADORAS UNIDAS and the service company AdvanceCare from CALM EAGLE Holdings and CALM EAGLE PARENT Holdings II, entities majority owned by investment funds managed by certain affiliates of APOLLO Global Management, as the Italian insurance group informed in a statement
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VIG

BELARUS: 11 months share of voluntary insurance increased to 62%
by Marina MAGNAVAL, 2020-01-13
From January to November 2019, the GWP of Belarusian insurers reached BYN 1.24 billion (~EUR 0.54 billion), which is 12.9% more y-o-y, as the statistical data published by the Ministry of Finance show.
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KAZAKHSTAN: January-November 2019 travel insurance increased by 208%
by Marina MAGNAVAL, 2020-01-13
According to the data of the National Bank for 11 months of 2019, GWP of travel insurance (voluntary and compulsory together) increased by 208% y-o-y, Allinsurance.kz reports.
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RUSSIA: new procedure for financing agriculture development effective from January 1, 2020
by Marina MAGNAVAL, 2020-01-13
On January 1, 2020, a new procedure for financing the State program for agricultural development entered into force. The procedure provides targeted subsidies for regions to support agroinsurance, considering insurance practices of each region, as the National Association of Agriculture Insurers (NAAI) informed.
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RUSSIA: 11 leading reinsurers participate in the obligatory agreement of SBERBANK Insurance
by Marina MAGNAVAL, 2020-01-13
SBERBANK Insurance renewed obligatory reinsurance protection of property risks accepted for insurance, for a capacity of RUB 5 billion (~EUR 73.48 million*), ASN reports.
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Ukraine International Airlines will fully compensate PS752 flight killed passengers' families
by Daniela GHETU, 2020-01-13
Ukraine International Airlines (UIA) will pay all insurance payments and compensations to the families of killed passengers of the Tehran-Kyiv PS752 flight in accordance with the international rules, UIA President Yevhen DYKHNE reported at a briefing, news agency INTERFAX reported.
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MARKETS AND TRENDS
Allianz Risk Barometer: Cyber incidents increased in importance, being the top business risk for year 2020
by Cosmin CONCEATU, 2020-01-14
In January 2020, Allianz Global Corporate & Specialty (AGCS) has published its ninth Allianz Risk Barometer survey, the biggest one yet, including 2,718 respondents from 102 countries and territories.
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VIG

On the move
Marek Niechciuk from February on the board of UFG
by Daniela GHETU, 2020-01-13
The Polish Insurance Guarantee Fund Council appointed Marek Niechcial as a member of the management board of UFG.
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Dagmara WIECZOREK-BARTCZAK appointed Deputy Chairman of the Polish KNF
by Daniela GHETU, 2020-01-10
Dagmara WIECZOREK-BARTCZAK was appointed Deputy Chairman of the Polish Financial Supervision Authority, in charge with KNF Office for supervision over the insurance sector, starting December 2019.
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Austrian DONAU has a new General Manager
by press.release, 2020-01-10
As of January 1st, 2020, Judit HAVASI took over the position of General Manager of DONAU Versicherung AG, the fourth largest group company of the Vienna Insurance Group (VIG). At the same time, Wolfgang PETSCHKO joined the board of DONAU, while Mario DIENSTL and Lambert MURI have been appointed to the extended management.
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Didem Ozsoy Dirican appointed CEO of NN Turkey
by press.release, 2020-01-13
As of 1 February 2020, Didem Ozsoy DIRICAN, currently Chief Commercial Officer of NN Hayat ve Emeklilik, will be appointed CEO NN Hayat ve Emeklilik on an ad interim basis and subject to regulatory approval.
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QIC appoints Salem Khalaf Al Mannai as Group CEO
by press.release, 2020-01-13
On January 13th, 2020, Qatar Insurance Group (QIC) has announced the appointment of Salem Khalaf Al Mannai as the Group CEO of Qatar Insurance Group.
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TRUST RE

STATISTIC UPDATES
? STATISTICS: SLOVENIA, 3Q2019
STATISTICS: LATVIA, 3Q2019
STATISTICS: CZECH REP. 3Q2019

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