 TOP
NEWS |
GRAWE Romania ready to enter the motor insurance segment
by Adina TUDOR, 2016-01-21
The insurance company GRAWE Romania, part of GRAWE Group, announced earlier this year its intention to enter the MTPL and Motor Hull insurance segments. The company filed the required authorization documentations and it is currently waiting for the approval of Romania's Financial Supervisory Authority (ASF).
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JLT Fac launches new division, JLT Fac
by Mihai CRACEA, 2016-01-19
JLT Re announced the launch of a new division - JLT Fac and the appointment of Vanessa MACDONALD-SMITH who will lead the division.
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STATISTICS: CEE 3Q2015: Mixed results for the Unit-Linked life insurance business
by Daniela GHETU, 2016-01-21
While the overall regional life insurance GWP went down by 3.4%, driven by the negative trend recorded in Poland and the Czech Republic, the Unit-Linked segment saw an almost 2% increase in GWP, to EUR 4.7 billion. However, across the region there are huge differences in the trends recorded in various countries.
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STATISTICS: CEE 3Q2015: Czech and Polish markets account for over 70% of the regional GTPL business
by Daniela GHETU, 2016-01-21
GTPL insurance accounted for 4.4% of the CEE overall portfolio, a share fairly unchanged as compared with the line's weight 12 months before. In 3Q2015, GWP for this class went up by 5.3%, to EUR 1.06 billion, with most of the additional premium volume coming, in absolute terms, from the Czech market.
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STATISTICS: Top 50 CEE insurance companies dominated by Polish players both in the life and non-life rankings
by Daniela GHETU, 2016-01-21
The Top 50 rankings of the life and non-life insurance companies in the CEE are probably the most evident proof of difference in size among the Polish market and the rest of the CEE markets. Thus, the Polish companies are obviously dominating the top part of the rankings: Top 5 on the life insurance segment and Top 3 on the non-life side are entirely Polish.
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VERISK releases industry's first cyber exposure data standard
by Mihai CRACEA, 2016-01-19
VERISK Analytics announced that it has released the industry's first global cyber exposure data standard. This standard will help create a uniform method for data transfer across the insurance value chain. Verisk's catastrophe modeling business AIR Worldwide has also developed a preparer's guide to assist companies in collecting and storing the necessary cyber exposure data in an open format suitable for modeling.
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EUROINS Insurance Group increased its GWP by 43% in 2015
by Vlad BOLDIJAR, 2016-01-21
Bulgarian-based EUROINS Insurance Group (EIG) reported preliminary GWP of EUR 230.86 million during 2015, 43.34% more y-o-y, according to a press release published by its owner, the financial holding EUROHOLD.
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7% growth in GWP expected for the Latvian market in 2016
by Daniela GHETU, 2016-01-21
Competition will remain tough in all segments on the Baltic insurance markets in 2016, preventing significant rises in the insurance premiums level. As a result, the Latvian market is expected to maintain the 7% growth pace experienced in 2015, informs LETA quoting Ingrida KIRSE, ERGO Board member in the Baltic states.
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SLOVAKIA: ALLIANZ acquires "Central Shopping Center" in Bratislava
by Vlad BOLDIJAR, 2016-01-21
ALLIANZ Real Estate (ARE) has acquired 100% of the shares of Central Shopping Center in Bratislava from IMMOCAP Group, a Slovakian real estate development company, for around EUR 175 million. It is the first real estate investment of ALLIANZ in Slovakia.
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UNIQA launches EUR 500 million investment program
by Vlad BOLDIJAR, 2016-01-21
The Austrian insurer UNIQA announced it launches a long term investment programme worth EUR 500 million "in order to align processes and products with customer requirements and expectations that are being transformed by the digital revolution".
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Bimeh Markazi Iran intends to develop a cooperation with the Russian re/insurers. SOGAZ sees the potential of cooperation
by Olesea ADONEV, 2016-01-21
Bimeh Markazi Iran, (Central Insurance of IR Iran), intends to develop a cooperation with Russian companies, including the exchange of knowledge and experience in re/insurance industry, according to the official document signed by the Russian-Iranian commissions, stated TASS.
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ZURICH expects Q4 losses in General Insurance business
by Vlad BOLDIJAR, 2016-01-21
ZURICH Insurance Group expects its General Insurance business to record a business operating loss in the fourth quarter 2015 due to natural catastrophe claims, including those related to recent storms and floods in the UK and Ireland, and a significant level of large losses. "Operating results for Farmers and Global Life should be in line with expectations, and the Group's capital position remains very strong across all key metrics", the ZURICH representatives pointed out.
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ALLIANZ to buy commercial P&C portfolio from AEGON
by Vlad BOLDIJAR, 2016-01-21
AEGON the Netherlands announced the sale of its commercial line non-life
business to ALLIANZ Benelux. This portfolio has two parts: the active
commercial portfolio with a total volume of about EUR 90 million and two
run-off portfolios: authorized agents and co-insurance. With this
transaction, ALLIANZ'S P&C market share in the Netherlands will rise
from 4.4% to 5.0%.
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QIC posts 49% increase in GWP and USD 292 million net profit for 2015
by Mihai CRACEA, 2016-01-21
Qatar Insurance Company (QIC) announced strong financial results for the full year 2015, benefiting from the successful diversification of the firm into more geographies and lines of business.
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| ANALYSIS |
 Business interruption (BI) is top global business risks according to Allianz Risk Barometer 2016
The impact of business interruption (incl. supply chain disruption), market developments (volatility, intensified competition and market stagnation) and cyber incidents are the major risks occupying the attention of companies at the start of 2016, according to the fifth annual Allianz Risk Barometer, which surveys over 800 risk managers and corporate insurance experts from more than 40 countries.
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| PRESS
CUTTINGS |
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| INTERVIEW |
 Nikolai GALUSHIN
First Deputy Chairman of the Management Board
SOGAZ OJSC
In reinsurance, the problem will be the decreasing of the investors' interest for this segment due to high competition and the reduction of margins in this business, or due to the changes of stock value of insurers that also lead to an outflow of capital from the insurance segment. But, as I see this will not be associated with any natural disaster, instead will be a stock factor, or a decrease of investor interest for this segment.
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| ON THE MOVE |
 Michal KRUPINSKI appointed as new CEO of PZU
by Vlad BOLDIJAR, 2016-01-21
The Polish state-controlled insurer PZU (Powszechny Zaklad Ubezpieczen) announced on January 20th, the appointment of Michal KRUPINSKI as Company's Chief Executive Officer.
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| CURRENT
XPRIMM REPORTS |
| STATISTIC
UPDATES |
| EVENTS |
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
The Insurance Summit 2016
February 25, 2016
London, United Kingdom
Organizer: Economist Events
Media Partner: XPRIMM Publications
For details: insurance.economist.com |
AIF2016 - 2nd Annual African Insurance Forum 2016
March 3-4, 2016
Johannesburg, South Africa
Organizer: FEXTON Group
Media Partner: XPRIMM Publications
For details: ins.fextons.com
3rd Annual European Payment Forum
March 3-4, 2016
Amsterdam, Netherlands
Organizer: Global Leading Conferences
Media Partner: XPRIMM Publications
For details: glceurope.com |
IIF 2016 - Motor Insurance - The Road towards profitability
April 17-19, 2016
Istanbul, Turkey
Organizers: Media XPRIMM and IUC
Media coverage: XPRIMM Publications
For details: www.internationalinsuranceforum.com |
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