 TOP
NEWS |
 GENERALI to exit 13 to 15 markets while aiming to be a top 5 player in the rest of them
by Mihai CRACEA, 2016-11-23
The Italian GENERALI Group is planning to exit 13 to 15 countries where business is underperforming or lacking potential for development, said company representatives at the GENERALI Investor Day 2016, currently taking place in London.
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CCN and Verisk cooperate to improve the European customers' insurance claims experience
by Daniela GHETU, 2016-11-23
Claims Corporation Network (CCN), a European TPA Claims Management Service firm, announced that it has chosen to integrate the ground-breaking live video collaboration technology, ClaimXperience, into its EU operations. ClaimXperience is a product of Verisk Analytics Inc. ("Verisk"), a leading global data analytics company focused on modernising the insurance industry.
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VIG 3Q2016: Decision to restrain its traditional single premium life insurance business paid off in profitability terms
by Daniela GHETU, 2016-11-22
VIG's profit before taxes amounted to EUR 301.3 million, 64% of this total volume representing the CEE markets' contribution. Group premiums rose by 0.7%, despite the ongoing restraint in single premium life insurance business (-18.6%). When adjusted for single premium business, premiums increased by a respectable 4.7%.
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SLOVAK Rep.: Increasing insurance taxation is raising hauliers' discontent
by Daniela GHETU, 2016-11-24
The Slovak government's decision to extend the 8% tax, previously applied only to the MTPL insurance premiums, to all the facultative non-life insurance lines has raised not only insurers' discontent, but also a negative reaction of CESMAD - the Association of Road Transport Operators of the Slovak Republic. In short, Slovak hauliers blame the recent change in taxation for the sharp increase in the mandatory motor insurance prices.
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Barents Group's new Subsidiary domiciled in Luxembourg gets an "A" financial strength rating from AM Best
by Daniela GHETU, 2016-11-22
Barents Group has established a new subsidiary company based in Luxembourg, as an underwriting entity for all international new and renewal business with immediate effect, the Group announced on November 14th.
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JLT Turkey insures the Istanbul Yavuz Sultan Selim Bridge for terrorist attacks
by Daniela GHETU, 2016-11-24
JLT Turkey insurance company has insured the Yavuz Sultan Selim Bridge, which is the third new bridge over the Bosphorus, from terrorist attacks and fire, reads a news published by the Trend News Agency quoting a message posted on the company's website on Nov. 22.
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TRIGLAV 3Q2016: Mass loss events and the low interest rates have challenged the Group's profitability
by Daniela GHETU, 2016-11-22
The TRIGLAV Group ended the first 9 months period with a profit before tax of EUR 68 million and posted EUR 721 million of consolidated gross insurance and co-insurance premiums. The premium growth of the Group in Slovenia was at the level of the market growth, while on the markets outside Slovenia was of 9%. In the reporting period, the operations of the Group were affected by mass loss events and the environment of record low or even negative interest rates on the financial markets.
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SAVA Re, 3Q2016: Non-life insurance business fuelled the Group's positive financial result
by Daniela GHETU, 2016-11-22
The SAVA Re Group ended the first 3 quarters of 2016 with a y-o-y GWP increase of 1.5%, to EUR 390.5 million, mostly driven by the Slovenian non-life insurance business (2.4%) and non-Slovenian insurance business (4.0%). This growth was partly offset by a moderate y-o-y decline in reinsurance premiums (-0.6%) and Slovenian life insurance premiums (-0.8%).
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STATISTICS: AZERBAIJAN, 3Q: Top 3 largest insurers accounted for about half of the market GWP
by Vlad BOLDIJAR, 2016-11-24
At the end of September 2016, the Top 3 Azerbaijan insurers in GWP terms were PASHA Sigorta (about 21% market share), followed by PASHA Life Insurance (15.8%) and AzerSigorta (9.4%), according to the latest quarterly market figures.
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STATISTICS: BELARUS, 3Q2016, MoF: Insurance increased almost a quarter y-o-y
by Vlad BOLDIJAR, 2016-11-24
Belarusian insurance market totaled BYN 742 million (EUR 343 million) for the first nine months of 2016, 24.2% more y-o-y, according to the MoF market figures. In terms of paid claims, the market authority reported a 14.2% y-o-y increase, the 19 active market players paying almost BYN 394 million (EUR 182 million).
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STATISTICS: GEORGIA, 3Q2016: The two VIG units are holding about one third of the market
by Vlad BOLDIJAR, 2016-11-24
The Georgian insurance market posted a 8.2% y-o-y GWP growth-rate, to GEL 316.3 million (about EUR 121 million), according to the 3Q2016 figures published by the Insurance Supervisory Office - ISO.
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STATISTICS: KAZAKHSTAN, 3Q2016: Insurance companies reported GWP growth by 24.83% y-o-y
by Olesea ADONEV, 2016-11-24
In 3Q2016, GWP reached KZT 277.02 billion (EUR 737.72 million), up by 24.83% y-o-y, while claims increased by 29.04%, to KZT 74.28 billion (EUR 197.82 million). In the reporting period, the market GWP increased mainly due to the following types of insurance: GTPL (v), Worker against accidents (c), MTPL (c), Financial losses (v), Property (v) and CARGO (v).
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STATISTICS: Rep. of MOLDOVA, 3Q2016: GWP up by 11.58%, exceeding MDL 1 billion
by Olesea ADONEV, 2016-11-24
In 3Q2016, the total GWP collected by Moldavian insurance companies have exceeded one billion MDL, up by 11.58% compared to 3Q2015, according to the official data published by the National Commission of the Financial Market in Moldova (CNPF).
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STATISTICS: UZBEKISTAN, 3Q2016: Voluntary policies increased by 45.27%
by Olesea ADONEV, 2016-11-24
In 3Q2016 the GWP increased by 34.75%, up to a total of UZS 500.12 billion (EUR 148 million), while total claims paid amounted to UZS 94.4 billion (EUR 28 million), 30.55% more than in January-September 2015.
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 Moscow hosted the XVth edition of the November Business Meetings of Reinsurers
by Oleg DORONCEANU, 2016-11-22
The anniversary XVth edition of the November Business Meetings of Reinsurers took place between the 22-23 November, in Moscow, Russia. The event was organized by the Reinsurance Committee of the All-Russian Insurance Association and co-organized by DELOVOY Format Group. Traditionally, XPRIMM Publications support the event as Media Partner, being represented by Oleg DORONCEANU, Director, XPRIMM International.
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PZU Group in Ukraine, 3Q2016: Important increase of business for two own subsidiaries
by Olesea ADONEV, 2016-11-24
In 3Q2016 the GWP generated by PZU Ukraine and PZU Ukraine Life
Insurance, part of PZU Group, reached to UAH 1 billion, up y-o-y by 56%
and 31%, respectively, reads the official press release.
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| ON THE MOVE |
Steven REISS appointed Executive Vice President of CHUBB
CHUBB has appointed Steven REISS as Executive Vice President, Real Estate & Hospitality (REH) Industry Practice Leader. Steven REISS will be based in New York and will report to Chris MALENO, President, North America Major Accounts Division, CHUBB. He succeeds Andrew HURLEY, who sadly passed away in October.
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SOMPO CANOPIUS's CEO steps down
SOMPO CANOPIUS announced on November 23th that Stuart DAVIES is stepping down from his role as Group CEO and all other related responsibilities, effective immediately. Michael WATSON, founder and currently Non-Executive Chairman of SOMPO CANOPIUS, will become Executive Chairman.
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| TOP
EVENT |
| INTERVIEW |
 Adrian MARIN
CEO
Generali Romania
Our strategy remains unchanged - we want to focus our efforts on the non-motor segment, which ensures our stability, and we want to increase the retail business in our portfolio. However, in a market dominated by motor insurance, you must also take this segment into account. Generali Romania is growing on motor while carefully monitoring profitability indicators.
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| STATISTIC
UPDATES |
| ANALYSIS |
| XPRIMM EVENTS |
IIF 2017 - MOTOR Insurance Conference
15 February 2017, Vienna, Austria
European Consumer Protection Conference
16 February 2017, Vienna, Austria
IIF 2017 - MOTOR Insurance Conference
2-3 April 2017, Pera Palace Hotel, Istanbul, Turkey
AIIF - Azerbaijan International Insurance Forum
June 2017 Baku, Azerbaijan
IIF 2017 - PROPERTY Insurance Conference
19-20 June 2017, Munchen, Germany |
| PARTNER EVENTS |
Innovating Customer-Centric Insurance Marketing Conference
30 November 2016, London, United Kingdom
Insurance Fraud Forum
16-17 February 2016, Rome, Italy
European Motor Insurance Summit
16-17 February 2016, Rome, Italy
3rd Annual Credit Risk Management Forum
2-3 March, 2017, Berlin, Germany
3rd Annual African Insurance Forum
9-10 March 2017, Johannesburg, South Africa
Insurance Innovations 2017
13-14 March 2017, Dubai, United Arab Emirates
International Risk Management Conference
27-28 April 2017, Almaty, Kazakhstan
IIS Global Insurance Forum
2-5 July 2017, Park Westminster Bridge Hotel, London
November Business Meetings of Reinsurers
November 2017, Moscow, Russia
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