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XPRIMM News No. 282, October 15, 2015

Insurance Newsletter, No. 282, October 15, 2015

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Swiss Re

Meet Swiss Re in Baden Baden to talk about what the future may hold

The Baden-Baden meeting in October is stage two of the annual renewals. They start each September with the Rendez-vous in Monte Carlo, as is the tradition. Yet, even if Baden-Baden and the weeks thereafter are very much about the annual treaty renewals, is always worth discussing the issues that are sure to have a significant impact on the future of our industry.

"There are a number of trends which are going to transform our industry in the future. The regulatory agenda is getting very busy and will affect the way we manage risk and capital. Technology is going to play a significant role and will also transform business models and maybe create new ones. Distribution channels will change radically and will create a different dialogue with consumers. It is very important that we look into these trends. These are radical shifts which will affect the way we conduct business but also create new opportunities for growth," says Jean-Jacques HENCHOZ, CEO Reinsurance EMEA.

Future ready
– this is the motto of Swiss Re's 2015 renewal campaign. Initiated with the Monte Carlo meetings, the talk about what the future may hold will continue in Baden Baden.

Prime examples of such issues that Swiss Re will bring in are technological change and digitalization. They will not only reshape the risk landscape but also challenge the insurance industry itself. How do we prepare for changing times? Let's talk.

Find out more about how we are working together to make the industry future ready (click here).

Future ready - Swiss Re at Conference season 2015
Date: 18 - 22 October 2015
Duration: 5 days
Location: Badhotel zum Hirsch, Baden Baden


The road towards the autonomous car and its insurance implications
A Swiss Re Autonomous Car conference has shown that accident frequency rates across industrial economies are falling. There are many driving factors behind road safety, most of them related to the technological progress. In addition, improved emergency response and treatment have also helped reduce death rates. Yet, the autonomous driving technology is already upon us, already changing the road safety lanscape. Insurers will have to respond. How quickly they will have to depends on a number of factors, of which technology is only one.

Six new XPRIMM titles on the Baden Baden stands
by, 2015-10-15
As every autumn, XPRIMM will launch in Baden Baden a new collection of insurance reports. This time, there will be six new titles which will meet their readers to the Baden Baden stands:

  • XPRIMM Insurance Report CEE, SEE & CIS - 1H2015
  • XPRIMM Insurance Profile Kazakhstan - FY2014 & 1H2015
  • XPRIMM Insurance Profile Russia - 1H2015
  • XPRIMM Insurance Profile Romania - 1H2015
  • XPRIMM Motor Insurance Report -1H2015 supplement

More Продолжение

SAVA Re Group plans for its Slovenian and Croatian units merger until 2016
by, 2015-10-15
The management board of SAVA Reinsurance Company presented to the supervisory board its vision of the Group's future development in the EU markets, including the formation of a new insurance company encompassing all SAVA Re Group insurers in Slovenia and Croatia in order to take advantage of further development opportunities in EU markets.
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MTPL insurance in CEE, SEE and CIS supported by the cars sales increase
by, 2015-10-15
New passenger cars and commercial vehicles increased sales, resulted, for the CEE insurers, into an about 580 thousand insurable new vehicles fleet. Still, if on the MTPL side the increased cars sales have definitelly contributed to a GWP upswing, the effect on the Motor Hull line was by far less visible.

Swiss Re
STATISTICS: Regional CEE, SEE & CIS insurance markets statistics 1H2015 available online for XPRIMM subscribers
by, 2015-10-15
The CEE insurance industry saw a 0.65% average growth rate in 1H2015, to a total GWP volume of EUR 16,655.8 million. The Czech Republic and Slovakia were the only countries ending the first half of the year with a negative change in GWP, of 4.99% and 2.8% respectively. In both cases the life insurance segment is entirely responsible for the negative trend.

Italy FY2014: Betting on life insurance
by, 2015-10-15
According to the Insurance Europe data, Italy ranks 4th in the EU life insurance, with an about 16% share of the total EUR 714 billion GWP volume. In fact, in 2014 Italy recorded the most impressive growth on the life segment, with an increase of 29.9%, owed to an extraordinary growth in new life business.

Russia: The market shrinks under the crisis pressure
In the first 9 months of 2015, 42 insurance-reinsurance companies or 9% of the total number of companies left the Russian market, of which 25 have left the market over the last 6 months, some of them well-known domestic brands. At the same time, the exit of the foreign groups continued, the most recent examples being the Dutch group ACHMEA and the British company RSA, both announcing their exit intentions.
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European and US insurers' associations reiterate support for full inclusion of insurance in the TTIP
by, 2015-10-15
The American Insurance Association (AIA), Insurance Europe, and the American Council of Life Insurers (ACLI) reiterated their support for the full inclusion of insurance in the Transatlantic Trade and Investment Partnership (TTIP).

JLT Acquires South African Eikos Risk Applications
by, 2015-10-15
Britain's Jardine Lloyd Thompson (JLT) has announced that it has agreed to acquire 100% of the shares of EIKOS Risk Applications (ERA) from Eikos Holdings (Pty) Ltd part of the Eikos Group.
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Credit Europe Asigurari
GRAWE celebrated its 15th year of activity in Romania
by, 2015-10-15
GRAWE Romania, the Romanian subsidiary of Austrian group GRAWE, celebrated its 15th year of activity on the local market. The insurer has generated profit in each of the 15 years.

Three weeks until the "Croatian Insurance Days"
by, 2015-10-15
The event's keynote speaker, Prof. Karel Van Hulle, KU Leuven and Goethe University Frankfurt, Chairman of the IRSG of EIOPA will give a speech on the "Framework for Insurance Regulation and Supervision in the EU: Initiatives and Further Expectations".
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October is Romania's Household Insurance Month for the third year in a row
by, 2015-10-15
October has become Romania's Household Insurance Month as it hosts for the third year in a row a national campaign aimed at increasing the public's awareness about how insurance products can help protect their homes.

The November Business Meetings of Reinsurers will be held on November 24th -25th in Moscow
by, 2015-10-14
Already a traditional international reinsurance event - November Business Meetings - is gathering its guests for the XIV Edition, which will be held in Moscow, on November 24th and 25th.
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Hans-Peter HAGEN's appointment as President of the Supervisory Board of Romanian ASIROM VIG approved by, 2015-10-15
By its Decision adopted on October 8, the Romanian Financial Supervisory Authority's Board approved the appointment of Mr. Hans-Peter HAGEN as President of the Supervisory Board of Asigurarea Romaneasca - ASIROM Vienna Insurance Group SA.
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Pavel SAMIEV appointed as Managing Partner of the National Agency of Financial Studies
by, 2015-10-15
Starting October 2015, Pavel SAMIEV has been appointed as Managing Partner of the Russian National Agency of Financial Studies. Previously, he held the position of Executive Director of the Russian rating agency EXPERT Ra.
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Who needs the Russian risks and who will offer reinsurance protection?
Reinsurance represents the continuation of the insurance segment and any negative effects are reflected on the further development of the reinsurance business.

AZERBAIJAN to accede to South Eastern Group of insurance system Green Card

AZERBAIJAN's financial sector facing new challenges

AzRe acquired 100% shares of Chartis Azerbaijan

BOSNIA's Dunav Osiguranje plans capital hike of 1.7 mln euro

Fitch Affirms ACE Russia at IFS 'AAA(rus)'; Withdraws Rating

LITHUANIA, 2014: The gross value added per person employed amounted to EUR 24 975

State insurance company to pay for restoration of monument to Belarusian-born Maidan defender

4 special events at Baden Baden. Last chance to book your seat!
Only a couple of days until the 2015 Baden Baden Reinsurance Meetings will start, bringing together reinsurance specialists from all over the world. That is why XPRIMM Publications are proud to announce a series of events that will provide the perfect opportunity to bring you closer to your business partner, help you find the latest statistics for the CEE, SEE and CIS insurance markets and network.

Group Manager

Given the fact that MILLI Re has been able to penetrate into most of the target territories over the 9 year period, the main aim for the medium term is to achieve further diversity in business written from these markets by adding accounts which would be selected on the basis of their potential profitability and related exposure and further reduce the retro element in this book in order to avoid clash of exposures. MENA region continues to be of vital importance to MILLI Re, followed by Asia. We also see a strong potential to grow further with the CIS and CEE countries as well as the African and Latin American regions.


Othmar EDERER, General Manager, GRAWE Group talked with XPRIMM in the special occasion of celebrating 15 years of GRAWE in Romania


MOTOR Insurance Report FY 2014
PROPERTY Insurance Report FY 2014


CEE Overall Insurance Market
CEE Life Insurance
CEE U-L Insurance
CEE Non-life Insurance
CEE Motor Hull Insurance
CEE MTPL Insurance
CEE Property Insurance
CEE GTPL Insurance
CEE Full lenght non-life insurance ranking
CEE Full lenght life insurance ranking
SEE Overall Insurance Market
CIS Overall Insurance Market

Corporate Insurance
October 15-16, 2015
Moscow, Russia
Organizer: IC Energy
Media Partner: XPRIMM Publications
For details:
Romanian Evening - Baden Baden
October 17, 2015
Kurhaus Restaurant
Baden-Baden, Germany
Organizer: STELLAR Re


Baden-Baden XPRIMM Reception
October 18, 2015
Kurhaus Casino, Runder Saal
For details:
AZERI Evening - Baden-Baden
October 18, 2015
Casino Restaurant Sommergarten
For details:
Japanese Evening - Baden Baden
October 18, 2015
Kurhaus Casino, Konferenz Saal
Organizers: NTT Data and Media XPRIMM
For details:
TURKISH Evening - Baden-Baden
October 20, 2015
Insurance Penetration West Africa 2015 Summit
October 21-22, 2015
Organizer: Konnect2Africa
Media Partner: XPRIMM Publications
For details:
7th Annual Insurance Distrib. Strategies Forum
October 29-30, 2015
Barcelona, Spain
Media Partner: XPRIMM Publications
For details:
CertAsig Annual Marine and Aviation Cocktail
November 4, 2015
Four Seasons Hotel, Istanbul
November Business Meetings of Reinsurers
November 2015
Moscow, Russia
Organizer: All-Russian Insurance Association (ARIA)
Co-organizer: Delovoy Format Group
Media Partner: XPRIMM Publications
For details:
Professional and Financial Lines Insurance Forum Middle East
December 7-8, 2015
Dubai, United Arab Emirates (UAE)
Organizer: C5
Media Partner: XPRIMM Publications
For details:



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Development Director: Mihaela CIRCU

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