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NEWS |
ROMANIA: OMNIASIG VIG maintains its profitable growth trend in the first 9 months and obtains a NPS score of over 72% on Customer Satisfaction
by vlad.boldijar@mxp.ro, 2015-12-14
OMNIASIG Vienna Insurance Group (VIG) maintains its upward trend in the first three quarters of 2015 and reports total gross written premiums value of RON 694.31 million, which represents an increase of 19.47% compared with the same period last year. OMNIASIG's profit during this period was RON 9.57 million, according to IFRS standards.
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AGCS : 59% of all BI claims globally were caused by fire and explosion in 2015
by daniela.ghetu@mxp.ro, 2015-12-17
"Business Interruption (BI) now typically accounts for a much higher proportion of the overall loss than was the case 10 years ago. The average large BI property insurance claim is now in excess of EUR 2 million, which is 36% higher than the corresponding average property damage claim of just over EUR 1.6 million," reveals the 'Global Claims Review 2015: Business Interruption In Focus' report from Allianz Global Corporate & Specialty (AGCS), Allianz's specialist insurer for business and industrial risks.
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EIOPA: 49% of the insurance customers' complaints in 2014 are related to the claims payments
by daniela.ghetu@mxp.ro, 2015-12-17
49% of the complaints filed by the EU insurance customers in 2014 refer to the claims payments, reveals "Consumer Trends Report Fourth EIOPA", a document published yesterday by EIOPA, the European authority for insurance and occupational pensions.
EIOPA has analyzed the consumer complaints received from 29 national European insurance supervising authorities (EU member states and Norway).
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European Parliament confirms EIOPA Chairman Gabriel BERNARDINO
by mihai.cracea@mxp.ro, 2015-12-17
The European Parliament confirmed the re-appointment of Gabriel BERNARDINO as Chairman of the European Insurance and Occupational Pensions Authority (EIOPA) for a second five-year term, starting on 1 March 2016.
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Insurers can't predict when catastrophes occur, but they can refine management plans to be better prepared for the next event
by mihai.cracea@mxp.ro, 2015-12-11
Managing catastrophe claims operations requires coordination and
planning, often on a massive scale. The Property Claim Services (PCS)
Personal Lines Planning and Response Report, a new benchmarking study
published today, determined that insurers have numerous pieces in place
to launch effectively into action when catastrophes strike, most notably
the near universal use of a catastrophe plan manual. In many other
respects, execution of catastrophe claims management varied widely, and
the industry needs to strengthen several areas.
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STATISTICS: ROMANIA 3Q2015: Growth in GWP, with a new configuration of the market rankings
by daniela.ghetu@mxp.ro, 2015-12-17
According to data provided by the Romanian FSA, the local insurance market saw a 7.6% positive change in GWP at the end of the 3rd quarter of 2015, to EUR 1.43 billion. Life insurance GWP went up by 9.46%, while on the non-life side the growth in premium production was of 7%, boosted by the MTPL line growth.
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STATISTICS: CZECH Rep., 3Q2015: Traditional life contracts pushed down the market's aggregate result
by vlad.boldijar@mxp.ro, 2015-12-17
The Czech insurance market totaled at the end of the first three quarters of 2015 about CZK 116 billion (EUR 4.3 billion), 3.6% less y-o-y, according to data provided by the Czech National Bank (CNB). The non-life segment reported a positive dynamic in GWP (+4.8% y-o-y to CZK 69.2 billion), while the life insurance segment contracted by 13.7% to CZK 46.8 billion.
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STATISTICS: SLOVAK Rep.: Life segment down by 8.4% y-o-y in 3Q influencing the aggregate values
by vlad.boldijar@mxp.ro, 2015-12-17
The Slovak insurance decreased 3.6% y-o-y during January-September 2015 to EUR 1.53 billion, according to the financial figures published by the National Bank (NBS). In the analyzed period, life insurance decreased by 8.4%, to EUR 798 million, while the non-life insurance segment was up by 2.3%, to EUR 740 million.
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STATISTICS: MACEDONIA, 3Q2015: The number of MTPL contracts rose by 16,616 units
by vlad.boldijar@mxp.ro, 2015-12-17
In January-September 2015, Macedonian insurers reported GWP of MKD 6.3 billion (EUR 102 million), 7.8% up y-o-y, as data published by the Insurance Supervision Agency of Macedonia show. As in previous reporting periods, non-life insurance premiums dominated the market portfolio and accounted for 89% of the aggregate GWP (MKD 5.6 billion).
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STATISTICS: MOLDOVA: All insurers have gained profit in the first 9 months
by olesea.adonev@mxp.ro, 2015-12-17
All 15 insurance companies active on the Moldavian insurance market have concluded the first nine months of the year with a positive balance, according to data published by the National Commission of Financial Market (NCFM).
Thus, in 3Q2015 gross profit of insurers reached to MDL 240.36 million lei (EUR 11.67 million) compared to MDL 46.92 million in 3Q2014.
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AZERBAIJAN: Abatement of the long term insurance industry forecast
by daniela.ghetu@mxp.ro, 2015-12-17
According to a recent statement of Ziyad SAMADZADE, Chairman of the Committee on economic policy, industry and entrepreneurship of Azerbaijani Parliament, the long term forecast for the Azeri insurance industry's development was changed to AZN 700 million till 2020, from the previous AZN 1 billion estimated on the occasion of adopting the Law on "Insurance activity".
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WILLIS and TOWERS WATSON shareholders approve merger
by vlad.boldijar@mxp.ro, 2015-12-14
WILLIS Group Holdings and TOWERS WATSON have announced in a common statement that the shareholders of each company approved their merger. The companies expect that the transaction will close very early in the New Year, subject to customary closing conditions, including the receipt of certain regulatory approvals.
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ING nominees step down from Supervisory Board of NN Group
by vlad.boldijar@mxp.ro, 2015-12-14
NN Group announced that ING nominees Patrick FLYNN and Wilfred NAGEL have stepped down from the Supervisory Board of NN Group, effective December 14, 2015. "The resignation of Patrick FLYNN and Wilfred NAGEL marks a next step in NN Group's journey of becoming a stand-alone company. ING nominee Ralph HAMERS stepped down from the Supervisory Board of NN Group on October 6, 2015. As a consequence, ING Group no longer has nominees in the Supervisory Board of NN Group", NN Group announced in a statement.
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| TOP EVENT |
| ON THE MOVE |
 The CEO of BULSTRAD Life VIG - elected as Chairperson of Bulgarian insurers’ association
by vlad.boldijar@mxp.ro, 2015-12-17
On December 10th, 2015, Svetla NESTOROVA, CEO and Chairperson of the Managing Board of BULSTRAD Life Vienna Insurance Group (VIG) was elected as Chairperson of the Managing Board of the Association of the Bulgarian Insurers (ABZ) for the next two years mandate.
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PZU CEO Andrzej KLESY resigned at the request of the State Treasury
by vlad.boldijar@mxp.ro, 2015-12-17
The Polish state-controlled insurer PZU (Powszechny Zaklad Ubezpieczen) announced Andrzej KLESYK resigned from the position of CEO and from sitting on the PZU Management Board as of December 9, 2015.
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ZURICH appoints Gary SHAUGHNESSY as CEO Global Life
by vlad.boldijar@mxp.ro, 2015-12-14
ZURICH Insurance Group announced the appointment of Gary SHAUGHNESSY as CEO Global Life and as member of the Group Executive Committee, starting January 1st, 2016. He succeeds Kristof TERRYN who was appointed CEO General Insurance starting October 1st, 2015.
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| CURRENT
REPORTS |
| STATISTIC
UPDATES |
| EVENTS |
5th Annual Middle East and Africa Insurance Summit
January 19-20, 2016
Dubai, United Arab Emirates
Organizer: Fleming Gulf
Media Partner: XPRIMM Publications
For details: finance.fleminggulf.com |
5th Annual Insurance Claims Management Conference
January 21-22, 2016
Prague, Czech Republic
Organizer: Uniglobal
Official Publication: XPRIMM Publications
For details: www.uni-global.eu
6th Annual Bancassurance Conference - Russia & CIS
February 4-5, 2016
Moscow, Russia
Organizer: Uniglobal
Official Publication: XPRIMM Publications
For details: www.uni-global.eu
9th Annual BancAssurance Forum
9-10 February 2016
Madrid, Spain
Media Partner: XPRIMM Publications
For details: finance.flemingeurope.com |
The European Motor Insurance Summit 2015
February 11-12, 2016
Rome, Italy
Media Partner: XPRIMM Publications
For details: finance.flemingeurope.com
Creating & Selling SME Insurance Products & Services
February 11-12, 2016
Prague, Czech Republic
Organizer: Uniglobal
Official Publication: XPRIMM Publications
For details: www.uni-global.eu |
Big Data & Analytics For Retail Financial Services
February 18-19, 2016
Prague, Czech Republic
Organizer: Uniglobal
Official Publication: XPRIMM Publications
For details: www.uni-global.eu
IIF 2016 - Motor Insurance - The Road towards profitability
April 17-19, 2016
Istanbul, Turkey
Organizers: Media XPRIMM and Istanbul Underwriting Center
Media coverage: XPRIMM Publications
For details: www.internationalinsuranceforum.com |
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