 TOP
NEWS |
 Europe towards a legislation more focused on customer
by Alexandru CIUNCAN, 2016-05-25
"We need rules to be clear, simple and fit for purpose. Unfortunately, there are many examples where EU legislation - despite being well intentioned - is none of these things", Sergio BALBINOT, the President of Insurance Europe and a Member of the Board of Manament of ALLIANZ SE stated during his opening address of the 8th International Insurance Conference. The event brings together some 650 stakeholders in Dublin, Ireland on May 25th 2016.
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 Insurance Europe's 8th Annual International Insurance Conference gathered over 600 professionals
by Alexandru CIUNCAN, 2016-05-25
The 8th Annual International Insurance Conference organized by Insurance Europe, brought into debate the global economy and the world of tomorrow. The theme of the event was "Serving our customer in tomorrow's world", and it provided approximately 600 delegates from around 50 countries with the chance to join the debate on several serious issues facing both the insurance industry and wider society.
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STATISTICS: CEE, FY2015: 1.5% growth of the overall insurance market's volume, mainly driven by the increasing domestic demand
by Daniela GHETU, 2016-05-26
Central and East European (CEE) economies saw, in general, a good 2015, with an average regional increase in GWP of over 3% supported by a solid domestic demand. Some of this economic revival also translated into a revival trend of the insurance business in the region, although not yet generalized and not yet very strong. As a the economic growth patterns are quite different, the extent to which they have resulted in an increased purchasing power of the population and of the local businesses is also different and thus, the growth opportunities offered to insurers are uneven across the region. However, with some exceptions, the CEE insurance markets have seen, at least in GWP terms, positive results.
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 VIG, 1Q2016: Premium growth of 3.2% excluding single-premium business
by Daniela GHETU, 2016-05-24
Vienna Insurance Group (VIG) performed as expected in the 1Q 2016, as shown by the Group's press release of May 24th. A premium volume of EUR 2.7 billion was recorded, representing a 3.2% increase excluding single-premium business. Overall, premiums decreased by 1.8% y-o-y due to continued selective sales of single-premium products. The Group combined ratio after reinsurance (not including investment income) remained significantly below the 100% mark at 97.8% for the reporting period.
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Cooperation, solidarity and sharing - the central themes of the International Agricultural Insurance Symposium organized for the TARSIM's 10th anniversary
by Daniela GHETU, 2016-05-24
"One of the main effects of TARSİM is seen in the agricultural sector as moving from crisis management to the risk management," stated Yusuf SATOGLU, General Manager, TARSIM - Agricultural Insurance Pool, Turkey for XPRIMM.
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EIOPA launches the EU-wide Insurance Stress Test 2016
by Daniela GHETU, 2016-05-26
Aiming to respond to the current challenging macroeconomic environment by taking measures which can improve European insurers' resilience to the adverse scenarios, EIOPA - the European Insurance and Occupational Pensions Authority -, launched a new EU-wide stress test for the European insurance sector.
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TRIGLAV Group, 1Q2016: The record low interest rates environment strongly affected the Group's profit, while technical profitability indicators improved
by Daniela GHETU, 2016-05-26
The challenging conditions in the Group's insurance markets and the record low interest rates environment affected the financial results of the TRIGLAV Group in Q1 2016: while GWP volume decreased slightly, the return on financial investments fell by 74% y-o-y affecting the Group's profit. However, TRIGLAV's technical result improved, reflecting the overall stability of the Slovene insurer.
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 Sompo Canopius ready to provide political risk and terrorism coverage for the Russian market
by Olesea ADONEV, 2016-05-24
Russia is a growing market and the demand for terrorism risk reinsurance is certainly increasing, while Sompo Canopius is ready to provide the Russian insurance market "with our extensive experience and expertise on crisis management, political risk and terrorism coverage", as the company's representatives have recently stated.
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Turkish ANADOLU's strategic relationship with SAPIENS International Corporation expanding on the motor lines
by Daniela GHETU, 2016-05-24
ANADOLU Insurance Company (ANADOLU), the second largest Turkish insurer in GWP terms, has expanded its strategic relationship with SAPIENS International Corporation, a leading global provider of software solutions for the insurance industry, with a growing presence in the financial services sector, to support its motor insurance line of business.
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The Russian Actuarial Forum and IAA Council's and Committee meetings to be held in St. Petersburg, on May 24th- 29th
by Olesea ADONEV, 2016-05-23
On May 24th- 29th, 2016 the Russian Actuarial Forum and the IAA Council and Committee meetings will be held in Saint Petersburg, Russia, demonstrating the actuarial profession's achievements in the country and its integration into the international community.
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MUNICH Re expects lower profit for 2016
by Vlad BOLDIJAR, 2016-05-26
MUNICH Re reported a profit of EUR 436 million for 1Q2016, down 44.8% y-o-y due to lower investment results and a loss in its insurance unit - ERGO. "It is now aiming for a profit of EUR 2.3 billion for the full financial year; until now, its forecast had been in the range of EUR 2.3-2.8 billion", the reinsurer announced in a statement .
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Improved flood model for Poland from Aon Benfield's cat model development team
by Daniela GHETU, 2016-05-26
Impact Forecasting, Aon Benfield's catastrophe model development team, has launched a new version of its catastrophe model to enhance understanding the financial impact of floods in Poland. Aon Benfield is the global reinsurance intermediary and capital advisor of Aon plc.
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ZURICH reports BOP of USD 1.1 billion for first three months of 2016 by Vlad BOLDIJAR, 2016-05-26
ZURICH Insurance Group reported a business operating profit (BOP) of USD 1.1 billion (down by 16% y-o-y) and net income attributable to shareholders (NIAS) of USD 875 million (28% less y-o-y) for the three months ended March 31, 2016, the company announced in a statement.
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TALANX reaffirms its outlook for 2016
by Vlad BOLDIJAR, 2016-05-26
German insurer TALANX posted an 1Q2016 net income of EUR 222 million (or 11.6% less y-o-y) and GWP of EUR 9.0 billion, down by 4.7% y-o-y. The operating profit (EBIT) fell to EUR 573 million (vs. EUR 643 million), while the value of earnings per share in the first quarter of 2016 stood at EUR 0.88 (0.99).
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| PRESS
CUTTINGS |
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| TOP EVENT |
Digital technologies' support for the property insurance industry discussed in Munich
"Failure of climate-change mitigation and adaptation is considered the most potentially impactful risk and the third most likely" states the WEF Global Risks Report 2016. "Environmental worries have been at the forefront in recent years reflecting a sense that climate change-related risks have moved from hypothetical to certain", also underlines the report.
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| INTERVIEW |
 Elisabeth STADLER
General Manager (CEO) & Chairwoman of the Managing Board
VIENNA Insurance Group
How will VIENNA Insurance Group look in 2026? Which is the group's strategy in the CEE region? What are the new management's plans? All these questions are answered by Elisabeth STADLER, CEO & Chairwoman of the Managing Board, VIENNA Insurance Group in an exclusive interview for XPRIMM Publications.
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| STATISTIC
UPDATES |
| ON THE MOVE |
| EVENTS |
TARSIM International Agricultural Insurance Symposium
June 2-3, 2016
Istanbul, Turkey
Organizer: TARSIM - Agricultural Insurance Pool of Turkey
For details: iais.tarsim.gov.tr
4th Annual Insurance Claims Forum
June 2-3, 2016
Prague, Czech Republic
Organizer: Fleming
Media partner: Xprimm Publications
For details: www.fleming.events
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9th Tashkent International Insurance and Reinsurance Forum
June 1-4, 2016
Intercontinental Tashkent Hotel
Tashkent, Republic of Uzbekistan
Organizer: SAIPRO Information Rating Agency in cooperation with General Arab Insurance Federation
Media Partner: XPRIMM Publications
For details: forum.saipro.uz
Russian Insurance Summit
June 8, 2016
The Ritz-Carlton Hotel,
Moscow, Russia
Organizer: All-Russian Insurance Association (ARIA)
Media Partner: XPRIMM Publications
For details: insuranceconference.ru
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IIF 2016 - Property Insurance in a Stormy Era
June 20-21, 2016
Munich, Germany
Organizers: XPRIMM and NTT Data
Media coverage: XPRIMM Publications
For details: www.internationalinsuranceforum.com
Global Summit for Insurance Innovation
June 20-21, 2016
Madrid, Spain
Organizer: INESE
Media Partner: XPRIMM Publications
For details: innovation.inese.es
Insurance Innovation Forum - InnoIns-2016
June 22, 2016
Moscow, Russia
Organizer: All-Russian Insurance Association
Media Partner: XPRIMM Publications
For details: www.insur-info.ru
AIIF 2016 - VII Azerbaijan International Insurance Forum
June 23rd - 24th, 2016
Baku, Republic of Azerbaijan
Organizers: Azerbaijan Insurers Association and XPRIMM
For details: www.xprimm.com |
| ANALYSIS |
 Women and Insurance. An Issue, The Diagnose & A Way Out
We discussed in last two write up about the concept of insurance and welfare insurance. We discuss the purpose of insurance where we claimed that it has to reach to the last man in society, this is something going beyond the traditional thinking, it is an out of box thinking. It will not go against the concept of profit and loss.
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| CURRENT
XPRIMM REPORTS |
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Swiss Re's new SONAR report explores top emerging risks for the re/insurance industry and society 
