 TOP
NEWS |
BRANDSTETTER, UNIQA: We are on track to achieve the targeted earnings for 2016
by Vlad BOLDIJAR, 2016-12-08
UNIQA Group Austria announced its 3Q2016 premiums written fell by 2.3% y-o-y to EUR 4.75 billion "due to the reduction in single premium business in the life insurance segment in line with planning. While recurring Group premiums rose by 1.9% to EUR 3.94 billion, single premiums in life insurance fell by 18.8% to EUR 803.7 million".
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VIG closes acquisition of AXA companies in Serbia
by Vlad BOLDIJAR, 2016-12-08
Vienna Insurance Group (VIG) got the final regulatory purchase agreement, thus closing on 30 November the acquisition of the non-life company AXA Nezivotno Osiguranje a.d.o. Beograd and life company AXA Zivotno Osiguranje a.d.o. Beograd. The share purchase agreement was signed in July 2016.
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STATISTICS: LATVIA, FKTK: EU branches reported higher growth rates in GWP than local insurers
by Vlad BOLDIJAR, 2016-12-08
The Latvian insurance market totaled EUR 419 million at the end of September 2016, 5.8% more y-o-y, according to data published by the Financial and Capital Market Commission - FKTK. At the same time, as FKTK's figures showed, the insurance companies paid EUR 258 million in claims (14.4% more y-o-y).
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STATISTICS: LITHUANIA's market totaled almost half a billion euro in 3Q
by Vlad BOLDIJAR, 2016-12-08
Lithuania's insurance market totalled EUR 498 million after 3Q, up by 7.4% y-o-y. Non-life segment grew by 12.6% to EUR 345 million (69.2 of total GWP), while life insurance market was down by 2.6 % to EUR 153 million, according to the Lietuvos bankas's 3Q figures.
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STATISTICS: ESTONIAN insurers' GWP up by almost 7% y-o-y in 3Q
by Vlad BOLDIJAR, 2016-12-08
Estonian insurers posted aggregate GWP of EUR 285 million at the end of September, up by 6.7% y-o-y, according to quarterly market figures published by the Estonian National Statistics Board. The total value of life GWP was down by 0.4% y-o-y to EUR 60.2 million, while the non-life segment totaled EUR 224.8 million, or 8.7% more y-o-y.
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Register now at the Winning Digital Marketing Financial Services Conference! XPRIMM readers benefit from up to GBP 280 discount!
by Adina TUDOR, 2016-11-28
How are leading financial services staying up to date with industry
innovations and future technologies to capture the customer and maximise
digital marketing performance? Find out at the annual Winning Digital Marketing Financial Services Conference
on 21 March 2017 in London. XPRIMM Publications support the event as
Media Partner, and XPRIMM readers benefit from a discount between GBP
150 and GBP 280.
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GrECo JLT Serbia: New market leader in insurance broking
by Vlad BOLDIJAR, 2016-12-08
After recently acquiring two corporate brokers - AUCTOR SOLLERS and
INTERISK -, GrECo JLT Serbia may become the number one insurance broker
in Serbia. The company will be headed by Dusanka TALIC, owner and
director of INTERISK. Furthermore, Igor RAICEVIC joins the board and is
responsible for Finance & Administration. Dorde MANDIC and Srdan
BOSKOVIC, owners of AUCTOR SOLLERS, will support GrECo JLT Serbia as
partners.
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Ireland is preparing to welcome re/insurers leaving the UK in the Brexit aftermath
by Daniela GHETU, 2016-11-29
Ireland, already a key player in the global insurance and reinsurance industry and widely recognised as one of the best locations to establish European headquarters operations, may get a strong influx of insurers seeking for a new European home providing for the EU "passporting" rights in the Brexit aftermath. Preparing for such an eventuality, the Irish Central Bank has increased its staff numbers by more than a quarter, in order to cope with a possible wave of applications from London-based insurers.
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STATISTICS: CYPRUS, 3Q: The GWP growth-rate was supported by both market segments
by Vlad BOLDIJAR, 2016-12-08
According to the quarterly report on insurers' performance published by the Insurance Association of Cyprus (IAC), at the end of September 2016 the local insurance industry totaled EUR 565 million in GWP, up by 2.7% y-o-y. Per business segments, the value of life GWP was up by 3.3% y-o-y to EUR 235.7 million, while the non-life insurers generated a volume of EUR 329.4 million (approximately 58.3% of the total premiums), up by 2.4% y-o-y.
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STATISTICS: HAIC: The GREEK insurance industry remained relatively at the 3Q2015 level
by Vlad BOLDIJAR, 2016-12-08
The Greek insurers reported gross written premiums of EUR 2.79 billion in 3Q2016, up by 1.3% y-o-y, according to a quarterly report published by the Hellenic Association of Insurance Companies (HAIC).
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STATISTICS: The TURKISH market was up by a third amid the 96% GWP increase on MTPL subclass
by Vlad BOLDIJAR, 2016-12-08
First three quarters of 2016 represented for the Turkish insurance market a nominal growth in written premiums of 32.1%, up to TRY 29.1 billion (EUR 8.7 billion), according to the data published by the Association of Insurance and Reinsurance Companies of Turkey.
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The XVth edition of the November Business Meetings of Reinsurers gathered over 230 re/insurance professionals from 21 countries
by Olesea ADONEV, 2016-11-29
Between the 22 and 23 of November 2016, the XVth November Business
Meetings of Reinsurers took place in Moscow, Russia. The event, which
has already become a tradition, was organized by the Reinsurance
Committee of the All-Russian Insurance Association and co-organized by
DELOVOY Format ('Business Format') Group. Traditionally, XPRIMM
Publications supported the event as Media Partner, being represented by
Oleg DORONCEANU, Director, XPRIMM International.
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Register now at the 5th Edition Nordic Asset Allocation: Investing in Alternative Asset Classes conference
by Adina TUDOR, 2016-12-08
Insurance and pension companies have suffered the lowest yields from traditional investments in over 15 years. With growing internal and client pressure, investors are abandoning the high-quality, long term corporate bonds they have favoured in the past, for the unusual and unique. Alternative investments used to be seen as too expensive, too risky and too hard to understand. However the recent changes in regulations and the interests of national governments have created a large, and attractive, opening in the alternative market.
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Global Insurance Forum 2017 will focus on the role held by the insurance industry in a risk changing landscape
by Daniela GHETU, 2016-12-08
"The insurance industry plays a key role in building global risk resiliency," is the premise for the 2017 edition of the Global Insurance Forum. The event organized by the International Insurance Society will take place in London, UK, on 2-5 July, 2017. XPRIMM supports the event as Platinum Media Partner.
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Discover essential aspects of the corporate insurance market in Russia and CIS
by Adina TUDOR, 2016-12-08
Between 16 and 17 March, 2017, IC|ENERGY organizes, in Moscow, the VIII edition of the International Conference "Energy and Industrial Insurance in Russia and CIS". During the event, the participants will have the opportunity to discover essential aspects regarding the current situation in corporate insurance market in Russia and CIS, as well as pressing issues and requirements of the real economy. XPRIMM Publications support the event as Media Partner.
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| ON THE MOVE |
WILLIS Re appoints Ronnie CARROLL to its Western Europe team
WILLIS Re, the reinsurance division of WILLIS TOWERS WATSON, announced the appointment of Ronnie CARROLL as Head of Structured Solutions for Europe West and Senior UK Client Advisor. He will report directly to Alkis TSIMARATOS, Managing Director, Head of Europe West.
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Experienced professional D. Jeffrey MANNERS joins the RENOMIA GROUP
RENOMIA Group, the largest CEE insurance broker, headquartered in Prague, announces that D. Jeffrey MANNERS has joined the company as an Advisor to the Board. Jeffrey will assist the RENOMIA Group's international team to grow its global business, an important part of the group's portfolio. He will also support the newly created RENOMIA European Partners, a network of leading independent brokers active in the 29 countries of CEE & CIS, who services many global brands.
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AEGON to appoint Matthew RIDER as CFO
AEGON announced that its Supervisory Board intends to nominate Matthew J. RIDER (1963, US Citizen) for appointment as CFO and member of the Executive Board at its Annual General Meeting of Shareholders on May 19, 2017. The appointment is subject to approval by the Dutch Central Bank (DNB).
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CHUBB appoints A&H, consumer lines heads in Germany
CHUBB announced the heads of its Accident and Health (A&H) and Specialty Personal Lines (SPL) insurance business lines in Germany. The appointments reflect the current integration process following the acquisition of CHUBB by ACE and follow the recent announcement the property and casualty and claims department heads as well as that of Andreas WANIA as Country President and legal representative for CHUBB in Germany earlier in the year. They are Alexander HOFFMANN and Alexander LAPP.
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Stephen BURR joins POOL Re as Head of Actuarial Services
POOL Re announced on November 24th, the appointment of Stephen BURR, Head of Actuarial Services. "This is a new position which had previously been fulfilled by an external consultant. BURR takes up his role with immediate effect and will report to Steve COATES, our Chief Underwriting Officer."
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SCOR Global Life announced three promotions with immediate effect
The leading global life reinsurer SCOR Global Life announced on December 5th it has promoted Craig FORD as CEO of Asia-Pacific - currently Deputy CEO of Asia-Pacific at SCOR Global Life and CEO of SCOR Global Life Australia -, Vincent LEPEZ as Deputy CEO of Asia-Pacific - currently Global Chief Pricing Actuary for SCOR Global Life -, and Dion RUSSELL as CEO of SCOR Global Life Australia - currently Chief Operating Officer of SCOR Global Life Australia -, with immediate effect.
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Andre KELLER appointed Chief Investment Officer of XL Group
XL Group announced that Andre KELLER will become its Chief Investment Officer on January 1, 2017, following the retirement of Benji MEULI at the end of this year. Andre KELLER is currently Head of Global Asset Positioning and a Managing Director. He will report to XL's Chief Financial Officer Pete PORRINO and will be based in New York City.
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PartnerRe appoints Marc ARCHAMBAULT as CEO of Life & Health
PartnerRe announced that Marc ARCHAMBAULT is joining the Company effective April 1, 2017, to head up PartnerRe's Life & Health business. As CEO of Life & Health and a member of PartnerRe's executive management team, he will lead PartnerRe's Life & Health business unit with responsibility for growing PartnerRe's business in those segments and expanding the Company's franchise in all markets.
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| TOP
EVENT |
| INTERVIEW |
 Valter TREVISANI
Group Chief Insurance Officer & Group Management Committee
GENERALI
We work in a business which is arguably one of the more exciting ones at this moment in time. It really does have everything to play for and is in the midst of some pretty fundamental changes.
Telematics has been and will continue to be a game-changer. This trend is now expanding with demotics, which is capturing the so-called 'Internet of Things' within home connectivity. It's an interesting area in rapid development.
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| INSURANCE & TECHNOLOGY |
 Jeroen MORRENHOF
CEO
FRISS
Fraudsters are getting smarter in their attempts to evade the insurer's radar. As a consequence, money flows to the wrong people and thus combined ratios are under pressure. Insurance companies must detect insurance fraud before claims are paid. The best way to reduce the loss ratio is to increase the chances of fraud detection at claims and limit false positives to a minimum.
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| STATISTIC
UPDATES |
| ANALYSIS |
 UKRAINE: An insurance market "deserted" by foreign investors?
Despite the regulatory authority's efforts the Ukrainian insurance market continued to be confronted with a systemic crisis, which was noticed not only in insurance business. One after another, foreign insurance companies' which were active on the Ukrainian insurance market have decided to give up their business.
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| 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 |
Insurance Fraud Forum
16-17 February 2016, Rome, Italy
European Motor Insurance Summit
16-17 February 2016, Rome, Italy
5th Edition Nordic Asset Allocation: Investing in Alternative Asset Classes
23-24 February 2017, Elite Hotel Marina Tower, Stockholm, Sweden
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
Energy and Industrial Insurance in Russia and CIS
16-17 March 2017, Moscow, Russia
The Winning Digital Marketing Financial Services Conference
21 March 2017, London, United Kingdom
November Business Meetings of Reinsurers
5-6 April 2017, Moscow, Russia
International Risk Management Conference
27-28 April 2017, Almaty, Kazakhstan
IIS Global Insurance Forum
2-5 July 2017, Park Westminster Bridge Hotel, London
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| PRESS
CUTTINGS |
| CURRENT
XPRIMM REPORTS |
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