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Russia 1Q2019 Insurance Companies Rankings
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RUSSIA: VSK's rating improved to BB
Fitch Ratings improved the financial stability rating of VSK from BB- to BB, outlook stable, ASN reports.
2019-08-06RUSSIA: Gennady GALPERIN head of ROSGOSSTRAKH from July 20
Gennady GALPERIN was elected to the position of CEO by the Board of Directors of the company, effective July 20, 2019, ASN reported.
2019-08-05RUSSIA: In 1H2019, MTPL GWP decreased by almost 5%, while paid claims increased by almost 9%
According to preliminary data, in 1H2019, MTPL GWP decreased by 4.7% y-o-y, while the total number of MTPL policies rose by 0.8%, reported Igor YURGENS, President of the Russian Association of Motor Insurers (RAMI).
2019-08-05RUSSIA: from January-June the accrued reinsurance premium of RNRC increased by 21% y-o-y
For the first half of the year, accrued reinsurance premium of the Russian National Reinsurance Company (RNRC) amounted to RUB 7.59 billion (~EUR 0.1 billion), which is 21% more y-o-y, the reinsurer reports.
2019-08-05RUSSIA: in 1Q2019, inward reinsurance increased by 22% y-o-y; outward by 4%
Inward reinsurance in 1Q2019 increased by 22% y-o-y (vs 24% a year ago), according to an official announcement from the national reinsurer.
2019-07-18RUSSIA: RNRC announces appointment of new President - Natalia KARPOVA
Natalia KARPOVA, previous RNRC Deputy Chairman of the Board, was appointed as RNRC (Russian National Reinsurance Company) President, Chairman of the Board effective from July 1, 2019 based on the resolution of the Central Bank of Russia, as the company reported on its website.
2019-07-11RUSSIA: over the last 5 years, the total number of insurers has decreased by more than 41%
Over the past 5 years (since 2014), the total number of insurers on the local market has decreased by 41.5%, and the number of branches by 27.6%, ASN reports based on a review of insurer activity, published by the Federal State Statistics Service.
2019-07-11RUSSIA: Expert RA: GWP in electronic insurance, excluding MTPL, will reach RUB 19-20 billion in 2019
According to the forecast of the largest Russian rating agency, Expert RA, GWP in e-insurance, excluding MTPL, will reach RUB 19-20 billion (~EUR 0.26-0.28 billion) by the end of 2019, the agency reports.
2019-07-04RUSSIA: S&P upgraded SOGAZ to 'BBB', outlook stable
S&P Global Ratings raised its long-term issuer credit and financial strength ratings of SOGAZ to 'BBB', outlook stable, removing them from CreditWatch with developing implications, as the insurer informed on its website with reference to the agency's report.
2019-06-27RUSSIA: in May, INGOSSTRAKH ranked 1st on the MTPL market
According to the Russian Association of Motor Insurers, in May 2019 INGOSSTRAKH became the MTPL leader in terms of number of policies and GWP, while AlfaStrakhovanie held the leading positions for the period from January to May, ASN reports.
2019-06-27RUSSIA: total number of agents for TOP-100 insurance companies increased by almost 13%
The total number of active agents for the leading 100 insurers increased by 12.9% y-o-y at the end of the first quarter of 2019, ASN reports, based on data from the Bank of Russia.
2019-06-20RUSSIA: Bancassurance may drop by 10-12% at the end of the year
According to ExpertRA, Russia's largest credit rating agency, Bancassurance, despite impressive growth last year (+44.4%), may decline by 10-12% by the end of 2019, ASN reports with reference to the agency's research.
2019-06-20STATISTICS: RUSSIA, 1Q2019: market GWP remained almost unchanged amid paid claims growth of about 28% y-o-y
Insurer GWP amounted to RUB 378.6 billion (EUR 5.2 billion) in 1Q2019, almost the same level as a year ago. Meanwhile, total paid claims increased rapidly, by 27.6% to RUB 139.2 billion (EUR 1.9 billion), statistical data of the Bank of Russia show.
2019-06-20RUSSIA: SOGAZ comes back to leadership in the first quarter
In the first quarter of this year, SOGAZ was way ahead of last year's leader SBERBANK Life insurance, collecting RUB 80.1 billion in GWP (GWP of SBERBANK Life insurance reached RUB 37.5 billion), ASN reported based on the data of the Bank of Russia.
2019-06-13RUSSIA: cost of MTPL policy for individuals in January-May decreased by more than 4% y-o-y against the background of increasing competition
For January-May 2019, the average cost of MTPL policy for individuals decreased by 4.1% y-o-y, as data from the Russian Association of Motor Insurers (RAMI) show.
2019-06-13RUSSIA: Nikolay GALUSHIN leaves Presidency of RNRC July 1
The Russian National Reinsurance Company (RNRC) announced that Nikolay GALUSHIN, its President and Chairman will leave the position on July 1, 2019, "following the successful implementation of the launch and development of national reinsurer's activities, through the company's strategy".
2019-06-06RUSSIA: from January-March life GWP dropped by 5.5% y-o-y
According to Philipp GABUNIA, Director of the Insurance Market Department of the Bank of Russia, from January to March 2019, investment life insurance (ILI) GWP dropped by 26% y-o-y in an amount of RUB 46 billion, ASN reports.
2019-05-30RUSSIA: net profit of INGOSSTRAKH dropped by 20% y-o-y in the 1st quarter
For the first three months of this year, INGOSSTRAKH's net profit decreased by 20% to RUB 2.5 billion. Profit before tax for this period dropped by 18%, ASN reports in reference to the insurer's statement.
2019-05-23RUSSIA: number of complaints against insurers decreased by 36% y-o-y
For the period from January to March 2019, the total number of complaints against insurers amounted to 12,200, which is 36% less y-o-y, according to the Bank of Russia.
2019-05-09RUSSIA: ACRA affirms AAA(RU) for the Russian National Reinsurance Company
The Analytical Credit Rating Agency (ACRA) affirmed (RU), outlook stable for the Russian National Reinsurance Company (RNRC), the reinsurer informed.
2019-05-08
