News - Insurance
RUSSIA: The 5th forum of insurance innovations InnoIns-2021 to be held on April 27
On April 27, 2021, the 5th InnoIns-2021 Insurance Innovation Forum will take place. The event will be held in a mixed, online + offline format. Forum speakers and moderators will gather in a studio, while the rest of the participants will work online. The forum of insurance innovations InnoIns-2021 is held by MIG Insurance Today and the analytical agency BusinessDrom with the support and participation of the All-Russian Insurance Association.
23 April 2021VIDEO: CONFERENCE PROPERTY INSURANCE - in a connected world
The COVID-19 crisis made and continues to make the headlines since the beginning of 2020. Yet, as the worst pandemic ever is expected to lose its intensity in the months to come, there are pre-existing grave topics on the agenda that are far from losing ground and are equally far from finding an all-encompassing solution.
22 April 2021STATISTICS: Slovak Rep., 2020 Insurers' business decreased almost 5% y-o-y
Last year, the Slovak insurance market totaled EUR 2.17 billion, 4.75% less y-o-y, according to the end-year statistics published by the National Bank of Slovakia (NBS).
22 April 2021Major economies could lose roughly 10% of GDP in 30 years reveals Swiss Re Institute's stress-test analysis
Swiss Re Institute has issued the Climate Economics Index a stress-tests analysis on how climate risks will impact 48 countries representing 90% of the world economy and ranks their overall climate resilience. It shows all countries will be affected, but some are more vulnerable than others.
22 April 2021Swiss Re: Financial Condition Report issued for legal entities domiciled in Switzerland
Swiss Re has published the 2020 Financial Condition Report for the Swiss Re Group and regulated re/insurance legal entities domiciled in Switzerland for the reporting period ended 31 December 2020.
22 April 2021Christophe GAUDRON and Michel DEN BOER are named at Guy Carpenter on European Area
Guy Carpenter & Company announced the appointments of Christophe GAUDRON as CEO, Guy Carpenter France, effective January 01, 2022, and Michel DEN BOER as Managing Director, Treaty Broking, Guy Carpenter Benelux, with immediate effect.
22 April 2021NBG shareholders approved the sale of Ethniki
Th National Bank of Greece, the shareholder of Ethniki Asfalistiki - the largest and the oldest insurer in the country - announced that on Extraordinary General Meeting of its Shareholders held on April 21st 2021 remotely in real-time via teleconference it was approved the sale of 90.01% in the company to CVC.
22 April 2021KPI for insurers' investment activities should be based on a ratio of assets
Insurance Europe agrees with the European Insurance and Occupational Pensions Authority (EIOPA) that for insurers' key performance indicators the alignment with taxonomy-aligned activities should be assessed based on non-life gross premiums and the assessment of funding taxonomy-aligned economic activities should be based on the investments.
22 April 2021Fruit growers in Croatia hit by a wave of low temperatures and frost; insurance coverage is limited
After a warm March, low temperatures and frost have recently hit Central and Western Europe, some countries experiencing the coldest months of April ever observed, with temperatures well below freezing. Winegrowers and fruit growers in Croatia, France, Italy and parts of Germany said their hopes for good crops were ruined.
22 April 2021Dunav osiguranje designated the consumer's favorite insurance brand in Serbia
Serbian "Dunav osiguranje" is the winner of this year's award "Consumer's favorite" in the insurance category, designating the most popular brands on the Serbian market. Organized by the association "My Serbia" and with the support of the City of Belgrade, the contest awards the best brands based on the consumers' votes.
22 April 2021AON: ARA's 2020 GWP increased by 6% y-o-y to USD 294 billion
Despite the combined effects of around USD 25 billion of pandemic and natural catastrophe related losses and a compromised investment return, Aon's Reinsurance Aggregate (ARA) of reinsurers was able to report positive earnings for the year and an increased capital base, aided by demonstrated access to new funding.
22 April 2021UZBEKISTAN: one of the largest losses in the history of the Uzbek insurance market settled by Uzbekinvest National Export-Import Insurance Company and Malakut Insurance Brokers
Uzbekinvest National Export-Import Insurance Company and Malakut Insurance Brokers settled a USD 2.9 million fire loss at a cotton pulp mill in Tashkent region of Uzbekistan, according to Malakut.
21 April 2021RUSSIA: Moscow saw the 25th Anniversary Annual Reinsurance Conference on April 14-15, 2021
INGOSSTRAKH took part as a General Partner and GIC Reinsurance as a Partner of the 25th Anniversary Annual Reinsurance Conference hold on April 14-15 in Moscow.
21 April 2021RUSSIA: paid claims of SBERBANK Life Insurance on credit insurance in January-March increased by 38% compared to the first quarter of 2020
Paid claims of SBERBANK Life Insurance on credit insurance in January-March 2021 reached to RUB 2.5 billion (~EUR 28.17 million*). Compared to the first quarter of 2020, the number of paid claims increased by a third, and their volume - by 38%, according to the insurer's press release.
21 April 2021RUSSIA: Expert RA: in 2021, market growth may range from 3% to 9%
Development of the insurance market in 2021 may have different scenarios - according to the baseline scenario, total growth will be about 8-9%, while according to the conservative scenario, the market may grow by 3-4%, explained Alexey YANIN, Managing Director of the Insurance and Investment Ratings Department of the Expert RA agency at the 25th Reinsurance Conference.
21 April 2021ARMENIA: the volume of tax payments of the insurance sector in 1Q2021 decreased by 7.7% y-o-y
According to 1Q2021 results, 5 out of 6 operating insurance companies were included in the list of 1000 large taxpayers in Armenia, same as a year ago.
21 April 2021ARMENIA: the share of e-MTPL in 1Q2021 increased to 19%
In the first quarter of 2021, sales of e-MTPL policies in Armenia increased and their share in the total number of MTPL contracts at the end of the quarter reached 19% (vs 11% a year ago), according to
21 April 2021Munich Re reported Q1 result of around EUR 600 million
German reinsurer Munich Re announced preliminary net profit of roughly EUR 600 million for the Q1 2021, which is up on the consensus of EUR 466 million and also the EUR 221 million reported in the same period in 2020.
21 April 2021Aegon's Global CTO to steps down
Aegon announced that Global Chief Technology Officer Mark Bloom is stepping down, effective June 1, 2021: "Having led Aegon's technology and innovation activities for more than five years, he has decided to leave the company to pursue other opportunities".
21 April 2021Adris grupa's 2020 revenues hit by the pandemic, economic crisis and the two devastating EQ
The Supervisory Board of Adris grupa - the CROATIA's osiguranje owner - approved the Group's audited non-consolidated and consolidated annual financial report for 2020 and the proposal for a decision on the allocation of profits from 2020.
21 April 2021XPRIMM Newsletter
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