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PZU implemented mObywat to authenticate users of mojePZU platform
by Daniela GHETU, 2020-07-23
PZU is the first company in Poland implementing in cooperation with the Ministry of Digital Affairs an innovative solution for authenticating the user of the mojePZU (myPZU) platform. As a result, the use of PZU products will become even faster and more convenient.
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VIG's Turkish subsidiary Ray Sigorta signed a major deal with CPP Group to increase cyber security
by Daniela GHETU, 2020-07-23
Ray Sigorta, a subsidiary of Vienna Insurance Group, has signed a major deal with the Leeds-based CPP Group. CPP's Cyber Care product will deliver online security checks within Ray's new 'Cyberella' product, designed to protect customers from risks posed by identity and information fraud.
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Eurochambres signs a memorandum of understanding with Generali to promote the idea of a 'pandemic risk pool'
by press.release, 2020-07-23
Eurochambres has entered a Memorandum of Understanding with Generali under which they agreed to cooperate so as to promote and implement a potential 'Pandemic Risk Pool' against future pandemic risks.
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The COVID-19 crisis resulted in a USD 1.1 billion net loss in H1 for Swiss Re
by Daniela GHETU, 2020-07-23
Claims and reserves related to COVID-19 of USD 2.5 billion across the Swiss Re Group, resulted in a net loss of approximately USD 1.1 billion in the first half of 2020. The Group's net income, excluding COVID-19 claims and reserves, reached approx. USD 0.9 billion.
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The Covid-19 crisis had a EUR 456 million impact on SCOR's H1 2020 results
by Daniela GHETU, 2020-07-23
Based on data currently available, the total estimated cost of the Covid-19 pandemic booked in Q2 2020 by French reinsurer SCOR reaches a total of EUR 456 million net of retrocession, net of reinstatement premiums and before tax, fully booked in the second quarter.
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AM Best affirms credit ratings of Swiss Reinsurance Company Ltd and Rated Affiliates; Revises ICR Outlook to Negative
by press.release, 2020-07-21
AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Rating (Long-Term ICR) of "aa" of Swiss Reinsurance Company Ltd (Switzerland) and its rated operating affiliates. The outlook of both ratings is stable.
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AM Best affirms credit ratings of Munich Reinsurance Company and its subsidiaries
by press.release, 2020-07-21
AM Best has affirmed the Financial Strength Rating of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of "aa" of Munich Reinsurance Company (Munich Re) (Germany) and its subsidiaries.
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AM Best affirms Credit Ratings of Lloyd's
by press.release, 2020-07-20
AM Best has affirmed the Credit Rating of several units of the Lloyd's group, thus reflecting the Lloyd's balance sheet strength, which the agency categorizes as very strong, as well as its strong operating performance, favorable business profile and appropriate enterprise risk management.
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AVIVA completes the sale of 76% in FPIL for GBP 259 million
by Andrei Victor, 2020-07-20
AVIVA confirms the completion of the sale of a 76% shareholding of Friends Provident International Limited (FPIL) to RL360 Holding Company Limited, a subsidiary of International Financial Group Limited (IFGL).
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ARMENIA: the share of e-MTPL contracts in 1H2020 increased to 13%
by Marina MAGNAVAL, 2020-07-23
The share of e-MTPL policies from the total number of MTPL contracts reached 13% as of July 2020 (vs 4% a year ago), ArmInfo reports.
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KAZAKHSTAN: for the first five months of 2020, traffic accident rate decreased by more than 26% y-o-y
by Marina MAGNAVAL, 2020-07-23
For the period from January to May 2020, according to the Statistics committee at the Ministry of National Economy of the Republic of Kazakhstan, the total number of registered traffic accidents amounted to 4,178 cases.
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KYRGYZSTAN: insurers' income in Q1 increased by over 20% y-o-y, while annual growth of the total insurance amount under contracts exceeded 48%
by Marina MAGNAVAL, 2020-07-20
In January-May 2020, total insurers' income (of 16 companies operating on the market in 1Q2020) amounted to KGS 407.6 million (~EUR 4.52 million*), which is 20.2% more y-o-y.
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RUSSIA: financial reliability rating of SBERBANK Life insurance confirmed at ruAAA
by Marina MAGNAVAL, 2020-07-23
The national rating agency Expert RA has confirmed the highest rating of financial reliability of SBERBANK Life insurance at ruAAA, outlook stable, as the insurer's press service reports.
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RUSSIA: new appointment at ROSGOSSTRAKH Life
by Marina MAGNAVAL, 2020-07-23
Gulnara ORLOVA has been appointed head of the department for the development of additional services of ROSGOSSTRAKH Life, according to the insurer's press release.
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RUSSIA: Russian online medical insurance platform receives new investment of USD 4.5 million
by Marina MAGNAVAL, 2020-07-23
Lead investors, Moscow based AddVenture and Berlin based Target Global, of the Russian insurtech startup BestDoctor, were joined by the London-based LVL1 fund, making third round of financing for USD 4.5 million, as techcrunch.com informed.
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TAJIKISTAN: new insurance type against coronavirus
by Marina MAGNAVAL, 2020-07-23
Tajikistan introduced a new type of insurance against COVID-19, as Abdullo ABDULLOEV, the first deputy general director of the State Company Tojiksugurta noted, Avesta reports.
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Swiss Re appointed Carlo BEWERSDORF as CEO of iptiQ, the group's
digital insurance platform.
by press.release, 2020-07-21
Carlo BEWERSDORF will start in this newly created role on 1 October
2020, reporting to Group CEO Christian MUMENTHALER. Carlo's appointment
follows the recent announcement about the disbandment of Life Capital
Business Unit and the establishment of iptiQ as a stand-alone division.
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Pranav PASRICHA appointed Global Head P&C
Solutions at Swiss Re
by Daniela GHETU, 2020-07-23
Swiss Re announced that Pranav PASRICHA, currently CEO of Intellect
SEEC, has been appointed Global Head P&C
Solutions of Swiss Re's global Reinsurance Business Unit, effective
3 August 2020.
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Nicolae TROFIN appointed in the Board of SIGNAL IDUNA Romania
by Daniela GHETU, 2020-07-23
Nicolae TROFIN was appointed as a third member of the Board of
SIGNAL IDUNA Romania, top health insurance provider. He joins Tiberiu
Maier, Chairman and Mihaela Druga, Member. He will coordinate customer
service activities, including customer service, sales and marketing.
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New Casualty appointments at SCOR Global P&C
by Andrei Victor, 2020-07-20
French reinsurer SCOR announced key appointments within the P&C
Business Unit, effective July 1st, 2020, "to further support our clients' Global and US Casualty portfolios".
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Marco MORELLI appointed Executive Chairman of AXA IM and a member
of AXA's Management Committee
by press.release, 2020-07-20
AXA announced that Marco MORELLI, previously Chief Executive Officer
of Monte dei Paschi di Siena, is appointed Executive Chairman of
AXA Investment Managers (AXA IM) and a member of AXA's Management
Committee, as of September 14. He will report to Thomas BUBERL,
Chief Executive Officer of AXA.
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Lloyd's Insurance Company appoints new General Representative for
Spain and Portugal
by Andrei Victor, 2020-07-20
Lloyd's Insurance Company confirmed it has appointed Jose NUNEZ
as its Country Manager for Spain and Portugal (effective 1 July
2020), and General Representative for Spain and Portugal (effective
3 August 2020). The appointment is subject to regulatory approval
by the National Bank of Belgium.
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GUY CARPENTER announces senior appointments at GC FAC
by Andrei Victor, 2020-07-20
Global reinsurance broker GUY CARPENTER part of Marsh & McLennan
Companies (MMC), announced three senior appointments within its
GC Fac division.
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