Russia: SOGAZ looks to acquire VTB Insurance
SOGAZ Insurance Group is considering the possibility of further increasing its market share by acquiring VTB Insurance, said www.asn-news.ru quoting its own sources on the insurance market.
RNRC: GWP increase of 27% in Q3 as compared with Q2/2017
The GWP by the Russian National Reinsurance Company (RNRC) increased to RUB 5.3 billion in the first nine months of 2017. In Q3/2017 written premiums increased by 27% to RUB 2.2 billion, compared to Q2/2017, the company's report reads.
Russia: INGOSSTRAKH intends to reduce its MTPL market share
Recently Mikhail VOLKOV, CEO, INGOSSTRAKH has confirmed the company's intention of reducing its market share on the MTPL segment, wrote korins.ru.
Russia: Property insurance agreements went up by 30%
According to the All-Russian Insurance Association (ARIA), based on the data from top 5 insurers interviewed by Izvestia, in 2017 the property insurance segment reports a positive trend.
Russia: The new Board of Directors of ROSGOSSTRAKH to include well-known specialists in the market
The Board of Directors of ROSGOSSTRAKH may include the President of the National State Reinsurance Company, Nikolai GALUSHIN; the President-Chairman of the Board of one of the largest retail bank VTB 24, Mikhail ZADORNOV and Maxim CHERNIN, Chairman of the All-Russian Insurance Association for the Development of Life and Accident Insurance, according to korins.ru, based on the official sources of the insurance company.
Russia: Date set for the International Conference "Barrier-2017. Combating Insurance Fraud - prophylactics, protection, investigation"
On 14 December, 2017 at the Corinthia Hotel, St. Petersburg, Russia, will take place the specialized conference "Barrier-2017. Combating Insurance Fraud - prophylactics, protection, investigation".
Russia: Starting 2018 transition to the XBRL for Non-Credit Financial Institutions will be mandatory
The Bank of Russia's XBRL final taxonomy of accounting (financial), supervisory and statistical reports for Non-Credit Financial Institutions has been finalized.
The mechanism of financial rehabilitation for insurers is in work out; how to avoid the "new" ROSGOSSTRAKH case
The Central Bank of Russia worked out the mechanism of financial rehabilitation for insurance companies, which potentially could be similar to the one introduced in the banking sector.
STATISTICS: Russia, 1H2017: Life insurance supports growth of the local market
The Russian insurance market grew, in GWP terms, by 9.5% compared to the similar period of 2016 and totaled RUB 645.97 billion in 1H2017, according to the data published by the Central Bank of Russia.
RNRC has signed the BRICSs countries' Memorandum of cooperation in insurance and reinsurance
The Russian National Reinsurance Company (RNRC) and SOGAZ Group have signed on behalf of the Russian Federation the BRICSs countries' Memorandum of development and cooperation in insurance and reinsurance.
ON THE MOVE
Industry veteran David LUNDGREN to head InsurTech Pioneer Quantemplate
David LUNDGREN has been appointed CEO and Board Director of Quantemplate, an InsurTech firm which uses machine learning to help re/insurers grow their business through data transformation and analytical insights.
Swiss Re appoints new CFO and proposes new members to the BoD
Swiss Re announced that John DACEY, currently Group Chief Strategy Officer, is appointed Group Chief Financial Officer, effective 1 April 2018. He succeeds to David COLE, who will step down to pursue a non-executive career, while remaining a board member of several Swiss Re subsidiaries.
Piotr OZAREK is the PZU's first Ombudsman
Piotr OZAREK was appointed to perform the newly established function within PZU, as the first client's spokesperson of the insurer. His main task will be of helping in the most difficult and complicated cases in which PZU's clients are not satisfied with the solution.
Desmond BOHAN joins JLT Re as Senior Vice President
JLT Re, part of the global provider of reinsurance broking and consultancy, has appointed Desmond BOHAN as Senior Vice President in Stamford, Connecticut. He will focus on the continued expansion and development of JLT Re's Program practice in North America.
"Insurance and Pensions reloaded" - the 7th EIOPA Annual Conference
The 7th EIOPA Annual Conference takes place today in Frankfurt am Main, Germany. A review of the current supervisory covergence issues and of the prospects of the Pan European Personal Pension Product are on the event's agenda, together with analyzing the ways in which regulation may enable innovation.
NBMR, Moscow: Regulatory changes have challenged the Russian insurance market in 2017
"The Russian insurance market is ending a difficult year," Igor ALEKSEEV, Chairman of the Steering Committee of November Business Meetings of Reinsurers, Deputy Head of the Reinsurance Department, INGOSSTRAKH said today in Moscow.
"IIF2017 - Insurance in the DIGITAL World" Conference took place in Vienna
"IIF2017 - Insurance in the DIGITAL World" conference brought together in Vienna well-known insurance professionals from all over the world who analyzed the latest digital trends in the industry, taking into account the fast digitalization of the financial services providers' world, in particular in the insurance field, which is creating both huge opportunities and strong challenges for the players.
Croatian Insurance Days Live
On 9 November has started in Opatija, Croatia, the 2017 edition of the Croatian Insurance Days Conference, the traditional meeting of the Croatian insurance top professionals with their European peers. XPRIMM Publications are supporting the event as Media Partners.
The 2017 Baden Baden Meeting: Short recap
The Baden-Baden meeting, one of the key events in the reinsurance calendar, has just set the final point of this year's edition. XPRIMM Publications have reported from the meeting's premises. Let's recap!
Baden Baden Headlines 3: CEE insurance markets are attractive for reinsurers
Central and Eastern Europe insurance markets are an important source of business for Lloyds, total premium income from this region increasing by EUR 64 million since 2010, pointed out the Lloyd's representative in a seminar dedicated to CEE insurance markets: "We are seeing strong growth from Czech Rep, Poland, Slovakia and Ukraine. At the same time are some contractions from Russia, Bulgaria, Romania and Hungary due to challenging trading conditions as political implications and other sanctions".
Baden Baden Headlines 2: cyber insurance market set to grow under regulatory presure; nat cat events more frequent, but losses per event are decreasing
Asian insurance market, especially the Indian market - are considered to be "the new El-Dorado" of the global re/insurance market, with rapidly expanding markets and an dynamic environment: "Indian P&C re/insurance markets are expected to grow at a pace of 15% per annum", according to Victor PEIGNET, CEO, Global P&C, SCOR SE. The French -based reinsurer setted-up its Indian branch in 2016, after the authorisation from the local market authority - IRDAI. India's re/insurance market has become more attractive for global companies following the relaxation of regulatory requirements, and lately, "big names" in the industry entered the market by opening branches: GEN Re, SCOR, Lloyd's of London, MUNICH Re, SWISS Re, Reinsurance Group of America (RGA), HANNOVER Re, XL Catlin and others.
JLT Re: Harvey, Irma and Maria brought a decisive end to a five-year period of below-average global catastrophe losses
"2017 looks set to become the most expensive catastrophe loss year ever for the P&C sector, mostly due to the hyperactive 2017 hurricane season," finds the Viewpoint Report - Winds of change launched yesterday by JLT Re.
5th Insurance Claims & Underwriting Management Asia Summit 2018
6-9 February 2018
Singapore, Rendezvous Hotel Singapore
Organizer: Equip Global Pte Ltd
Media Partner: XPRIMM Publications
More details: equip-global.com
6th Edition Nordic Asset Allocation: Investing in Alternative Asset Classes
7-9 March 2018
Organizer: marcus evans
Media Partner: XPRIMM Publications
For details: marcusevans-conferences-paneuropean.com
European Consumer Protection Conference
22 March 2018
Prague, Czech Republic
4th Annual African Insurance Forum
5-6 April 2018
Johannesburg, South Africa
Media partner: XPRIMM Publications
For details: ins.fextons.com