Back to www.xprimm.com




XPRIMM News No. 554, 24 June 2021

Insurance Newsletter No. 554, 24 June 2021
www.xprimm.com
TOP NEWS

#EVENT: InsureTek 2021: Post COVID, Top Insurers and Industry Veterans come together for the leading Insurance event in Dubai
by Irina GHETU, 2021-06-23
Top Insurance companies and Industry veterans joined for the leading insurance event - InsureTek 2021 culminated successfully on 9th June 2021 in Dubai. Organized by Biz Events Management, InsureTek is the first insurance event in the Middle East post COVID-19. The event was inaugurated by H.E Fareed Lutfi. Media XPRIMM has been a Media Partner for the event.

More

RISK RADAR REPORT: Insurance buyers move online permanently after a year of cultural change
by Alexandra GUZUN, 2021-06-24
Global Insurance Law Connect (GLIC), a formal network of insurance law firms, has issued the Risk Radar Report which highlights the follow-on impact of the 'powering up' of digital marketing, sales and claims processing, as insurance buyers around the globe move online permanently after a year of cultural change.

More

Bulgarian Insurtech Ablera winner of the prestigious award for Technology at the International forum in Dubai
by Daniela GHETU, 2021-06-24
Bulgarian Insurtech Ablera won the Start-up Technology Award for their innovative ABACUS solution transforming the pricing and rating processes in insurance companies. The award was received at the5th edition of the prestigious Golden Shield Excellence Awards, in the InsurTech Start-up Technology category.

More

57% of Europeans expect to travel during this summer, although their travel budgets dropped over 20% from 2019
by Alexandra GUZUN, 2021-06-24
The 20th Aniversary edition of the 2021 Holiday Barometer has been puplished by the Europ Assistance ("EA"), conducted by Ipsos, a global research firm. Over 14.000 people were questioned between May 5th and May 20th in order to investigate consumer holiday plans and travel preferences.

More

Swiss Re sells stake in Phoenix Group for GBP 437 million
by Alexandra GUZUN, 2021-06-24
Swiss Re announced that it has reduced its shareholding in Phoenix Group Holdings plc, by selling an approximately 6.6% stake for GBP 437 million. The Phoenix stake was acquired by Swiss Re last year in the sale of its ReAssure subsidiary.

More

SCOR has received an 'AA-' Financial Rating with stable outlook
by Alexandra GUZUN, 2021-06-24
Standard and Poor's (S&P) has decided to affirm SCOR's Group Financial Strength Rating of 'AA-' with a stable outlook as the company has demonstrated its ability to absorb the shock of the pandemic, to continue to grow, to maintain its profitability and to strengthen its solvency even further.

More

Frost and Sullivan's Technology Innovation Leadership award for 2021 went to Amodo, awarding the company's best practices
by Daniela GHETU, 2021-06-24
Global market research and consulting company Frost and Sullivan rewarded Amodo, the Croatian InsurTech company of global relevance, with a European User-based Insurance Industry Excellence in Best Practices award.

More

Austrian insurance market posted subunit increase at the end of Q1
by Andrei Victor, 2021-06-23
Austrian insurance market totaled at the end of March 2021 EUR 5.85 billion, 0.35% more y-o-y, according to the FMA (Finanzmarktaufsicht in Osterreich / Austrian Financial Market Authority) Q1 2021 Quarterly Report.

More

A 38% stake in Bosnian Osiguranje Aura for sale
by Daniela GHETU, 2021-06-24
The state-owned Investment-Development Bank of Bosnia's Serb Republic, IRBRS, said it is looking to sell its shares in local insurer Osiguranje Aura representing 38.06% interest for BAM 2.16 million (EUR 1.1 million), SeeNews announced on June17, quoting IRBRS

More

Bulgarian FSC granted the acquisition of NN's local units by DZI
by Andrei Victor, 2021-06-22
Bulgarian FSC (Financial Supervision Commission) announced that it granted approval to local insurer DZI - Life Insurance (part of Belgian KBC) to acquire the Bulgarian pension and life insurance business of Dutch-based NN Group.

More

From 2022 the largest Czech insurer will not continue to insure CEZ Group's conventional coal-fired power plants
by Andrei Victor, 2021-06-22
Generali CEE announced that from 2022, its Czech unit - Generali Ceska pojistovna will not continue to insure CEZ Group's conventional coal-fired power plants. "This decision to end the cooperation in the field of coal insurance was reached after a mutual agreement between the largest Czech insurance company and CEZ Group".

More

EBRD supports innovative digital-driven insurance company in Greece
by Andrei Victor, 2021-06-22
The European Bank for Reconstruction and Development (EBRD) is providing a mandatory convertible debt facility of EUR 10 million to Hellas Direct Insurance Limited, a fast growing, tech-driven insurance company, to support its growth and provide the company with solvency capital. The debt facility is part of a larger financing round of EUR 32 million.

More

Croatia: GWP up by 13.2% in the first five months of 2021
by Daniela GHETU, 2021-06-24
The 15 insurers active on the Croatian market in the first five months of 2021 wrote gross premiums worth HRK 5.4 billion (~ EUR 972 million), of which for life insurance HRK 1.4 billion, and HRK 4.0 billion for non-life insurance, latest data from HANFA, the supervisory authority, show.

More

AZERBAIJAN: the Asian Development Bank to support the insurance market's development
by Marina MAGNAVAL, 2021-06-23
The Asian Development Bank will support the development of the insurance market in Azerbaijan, this was discussed during the meeting between the Azerbaijani Insurers Association (AIA) management and the Head of the Permanent Mission of the Asian Development Bank (ADB) in Azerbaijan Candice McDeigan, Azernews reported.

More Rusia ???????????

BELARUS: in 2020 the budget of the public non-budgetary fund for social protection executed with a surplus
by Marina MAGNAVAL, 2021-06-23
In 2020, the budget of the public non-budgetary fund for social protection in the Republic of Belarus was executed with a surplus of BYN 213.9 million from professional pension insurance, said Yulia MURINA, Deputy Chairperson of the Standing Committee on Budget and Finance of the House of Representatives, BELTA informed.

More Rusia ???????????

RUSSIA: from January to May, agroinsurance with state support grew by 35% y-o-y
by Marina MAGNAVAL, 2021-06-22
For the first five months of 2021, the agroinsurance with state support in Russia grew by 35% y-o-y to RUB 2.4 billion (~EUR 26.85 million*), according to the President of the NAAI (National Association of Agriculture Insurers) Korney BIJDOV.

More Rusia ???????????

RUSSIA: insurance market growth is expected at 8-9% in 2021
by Marina MAGNAVAL, 2021-06-22
Expert RA rating agency has developed various development scenarios for the Russian insurance market for 2021 and does not expect the market to drop in any of them.

More Rusia ???????????

UKRAINE: GWP of TAS insurance group for January-May increased by more than 25% y-o-y
by Marina MAGNAVAL, 2021-06-22
The TAS Insurance Group, one of the leaders in the Ukrainian insurance market, increased its GWP by 25.4% y-o-y in the first five months of 2021 to UAH 967.74 million (~EUR 28.87 million*), Forinshurer said.

More Rusia ???????????

UKRAINE: The new version of the Law "On Insurance" adopted in the first reading
by Marina MAGNAVAL, 2021-06-22
The Verkhovaya Rada of Ukraine adopted in the first reading the Law of Ukraine "On Insurance" No. 5315, which contains norms on the activities of insurers, insurance contracts, intermediaries, and interaction with consumers of insurance services, Forinsurer wrote.

More Rusia ???????????
INTERVIEW

David ONOPRISHVILI, Chairman, Insurance State Supervision Service of Georgia
by Daniela GHETU, 2021-06-24
This period had a positive effect on the services of insurance sector, as more and more insurance undertakings upgraded their services in order to ensure digital transformation and to be in line with the existing needs. The opportunities raised by the pandemic situation accelerated digitalization process in the field of insurance.

More

STATISTICS

STATISTICS: CNB: Czech insurers' Q1 GWP increased by 2.7% y-o-y, confirming the CAP statistics
by Andrei Victor, 2021-06-24
The Q1 2021 figures recently published by the Czech National Bank - CNB show that the local insurance industry totaled about CZK 44.7 billion (~EUR 1.7 billion), up by 2.7% y-o-y, confirming the 2.4% year-on-year increase posted by Czech Insurance Association - CAP.

More

ON THE MOVE

Allegra van Hovell-Patrizi appointed CEO of Aegon the Netherlands
by Andrei Victor, 2021-06-22
Dutch insurance group Aegon announced last week that Allegra van Hovell-Patrizi will succeed Maarten Edixhoven as CEO of Aegon the Netherlands and member of the Management Board of Aegon N.V., effective immediately.

Andrej Andoljsek appointed Chairman of the Supervisory Board of Zavarovalnica Triglav
by Andrei Victor, 2021-06-22
Slovene insurance group TRIGLAV announced the appointment of Andrej Andoljsek as Chairman of the Supervisory Board of Zavarovalnica Triglav d.d. :"The Supervisory Board of Zavarovalnica Triglav d.d. met for the first time in its new composition on 18 June 2021 and appointed Andrej Andoljsek Chairman of the Supervisory Board of Zavarovalnica Triglav".

PZU appointed attorney Pawel Mucha as Member of the Supervisory Board
by Andrei Victor, 2021-06-22
Polish largest insurer PZU SA (Powszechny Zaklad Ubezpieczen Spolka Akcyjna) announced on 16 June 2021 the Company's Ordinary Shareholder Meeting appointed Pawel Karol Mucha as Member of the Company's Supervisory Board. "The resolution came into force upon its adoption".


VIG



ERGO


EVENTS

Wanderlust series | GERMANY POLITICIZING OF INVESTING?

July 6, 14.00 CEST
Organizer: Pensions & Inventionts
Media Partner: XPRIMM Publications


Transparency in Insurance Regulation and Supervisory Law
14 October 2021
For details: aidainsurance.org

WorldPensionSummit 2021
12-14 October 2021
Location: Louwman Museum, The Hague, The Netherlands & Virtual
Organizer: Pension & Investments
For details: pionline.com

Insurance and Human Rights
2 December 2021
For details: aidainsurance.org


AIDA Europe webinar 2021 Series

Media Partner: XPRIMM Publications

For details:

19.05.2021: AIDA Europe Webinar: Transparency in Insurance Contract Law

14.10.2021: AIDA Europe Webinar: Transparency in Insurance Regulation and Supervisory Law

2.12.2021: AIDA Europe Webinar: Insurance and Human Rights



9th AIDA Europe Conference
Zurich, Switzerland
18-20 May 2022
Organizer:  AIDA Europe
Media Partner: XPRIMM Publications
For details: aidainsurance.org