 TOP
NEWS |
Belarus Re has confirmed its solvency and reliability reinsurance position
by Olesea ADONEV, 2016-12-15
"Despite the ongoing difficult situation in the economy, which affected the insurance sector as well, Belarus Re in its anniversary year continues marked dynamic development. Thus, financial results have confirmed the company's solvency and reliability among the global leading reinsurers", pointed out Andrei UNTON, General Director, Belarus Re for XPRIMM.
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Swiss Re's sigma estimates: Total losses from disaster events rise to USD 158 billion in 2016
Total economic losses from natural and man-made disasters in 2016 were at least USD 158 billion. This is significantly higher than the USD 94 billion losses in 2015 and was caused by large natural catastrophes, such as earthquakes and floods, according to preliminary sigma estimates, reads a Swiss Re press release. Insured losses were also higher in 2016 at around USD 49 billion, compared to USD 37 billion in the previous year.
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 Karel van HULLE in the Chair of the European Consumer Protection Conference
by Daniela GHETU, 2016-12-15
Karel Van HULLE, Professor, KU Leuven, Belgium and Goethe University Frankfurt will chair the 2017 edition of the European Consumer Protection Conference, to be held in Vienna, Austria, on 16 February.
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Five locations of the Lloyd's short list for establishing an EU home for part of its business
by Daniela GHETU, 2016-12-15
Post-Brexit plans of the first major London-based financial player to seek an EU home have revealed today, following Lloyd's Chairman Statements, quoted by Financial Times.
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STATISTICS: SLOVENIA, 3Q: The insurance market "frozen" at September 2015's level
by Vlad BOLDIJAR, 2016-12-15
The Slovenian insurance market totaled EUR 1.52 billion at the end of September 2016, 0.2% more y-o-y, statistics of the country's Insurance Association indicated. In terms of claims paid, the aggregate value was down by 0.7% to EUR 979 million.
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STATISTICS: SERBIA, 3Q: Double-digit increase thanks to a growth of 19% y-o-y in life GWP
by Vlad BOLDIJAR, 2016-12-15
For the January-September 2016 period, the aggregate GWP value of Serbian insurers was up by 10% on the year to RSD 66.7 billion (EUR 541 million), the data, published by the National Bank of Serbia (NBS) indicated.
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CROATIA Osiguranje enters the non-life reinsurance business
by Vlad BOLDIJAR, 2016-12-15
CROATIA Osiguranje announced on December 12th that it has received the neccesary approval to perform in non-life reinsurence field. According to the Zagreb Stock Exchange website, the company received the approval of HANFA - (Croatian Financial Services Supervisory Agency) on December 9.
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S&P has placed ROSGOSSTRAKH ratings on CreditWatch Negative list
by Olesea ADONEV, 2016-12-15
S&P's announced on 12 December 2016 it has placed Russian insurance company ROSGOSSTRAKH on CreditWatch Negative list (note: «ratings on review with negative expectations") ratings "B +" and on the national scale "ruA" of, due to significant losses of the company.
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UNIQA exits Italy by selling its local units to Societa Reale Mutua di Assicurazioni
by Vlad BOLDIJAR, 2016-12-15
Austrian insurer UNIQA announced the Management Board resolved to sell the majority interest of 99.7% in its subsidiary UNIQA Assicurazioni SpA to the Italian mutual insurance company Societa Reale Mutua di Assicurazioni. The purchase price is of EUR 295 million before transaction costs.
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A.M. Best: Negative outlook for the reinsurance sector; a major catastrophe may reveal the true ramifications of current market conditions
by Daniela GHETU, 2016-12-15
A.M. Best is holding its outlook for the reinsurance sector at negative, citing the continued market challenges that will hinder the potential for positive rating actions over time and may eventually translate into negative rating pressures. As compression continues bearing down on investment yields and underwriting margins, the strain on profitability is evident in reduced risk-adjusted returns.
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EIOPA: Low interest rate environment and coping with the disrupting technological progress are the main challenges for insurers
by Daniela GHETU, 2016-12-15
The European Insurance and Occupational Pensions Authority (EIOPA) published its December 2016 Financial Stability Report in the (re)insurance and occupational pensions sectors of the European Economic Area. The report presents the evidence that the European macroeconomic environment remains fragile, while insurers and pension funds are challenged by prolonged low interest rates and by a number of geopolitical risks.
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New Global Strategic Advisory organization will coagulate Guy Carpenter's global experience to provide clients with better solutions
by Daniela GHETU, 2016-12-15
Guy Carpenter announced on 13 December a newly-created Global Strategic Advisory organization comprised of its Advisory, Analytics, Structured Risk, M&A Advisory, Lloyd's Capital, and Business Intelligence capabilities.
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ClimateWise coalition of insurers looks to the future of the industry and its contribution to building a climate-resilient world
by Daniela GHETU, 2016-12-15
Climate change presents risks as well as new opportunities, but the
insurance industry needs better skills, tools and relationships to
address them, says ClimateWise, a coalition of over 30 leading insurers,
reinsurers, brokers and industry service providers, where Allianz plays
a leading role. Looking ahead to 2030, ClimateWise, in its "Closing the Protection Gap" report released last week, highlights what an insurer needs to succeed in the future.
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ALLIANZ and HypoVereinsbank cooperation in sales to start in 2018
by Daniela GHETU, 2016-12-15
From 1 January 2018, ALLIANZ will be the new insurance partner of HypoVereinsbank (UniCredit Bank AG), a press release of the German insurer announced on 13 December. Bank's retail and corporate customers will benefit from the broad range of ALLIANZ products and services. Customers will have access to advisers from both entities for holistic and needs-oriented consultation.
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| ON THE MOVE |
 Marco SESANA named new Country Manager of Italy. Timothy RYAN named Group Chief Investment Officer
by Vlad BOLDIJAR, 2016-12-15
The Board of Directors of Assicurazioni GENERALI has appointed Marco SESANA as Country Manager of Italy. He will also retain the position of Chief Executive Officer of GENERALI Italia. At the same time, the Board of Directors has appointed Timothy RYAN as new Group Chief Investment Officer (CIO), starting from 9 January 2017, replacing Nikhil SRINIVASAN, who will leave the Group "to pursue new professional opportunities in investment management", as the Italian insurer announced in a press release.
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MMC names Deborah HOPKINS to Board of Directors
by Vlad BOLDIJAR, 2016-12-15
Marsh & McLennan Companies (MMC) announced that Deborah HOPKINS has been elected to the Company's Board of Directors, effective January 1, 2017. "With Ms. Hopkins' election, the Company's Board now consists of 12 directors", as MMC stated in a press release.
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| PRESS
CUTTINGS |
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| TOP
EVENT |
TRIGLAV's digital experience shared with IIF 2017's attendees in Vienna
by Daniela GHETU, 2016-12-15
Tadej COROLI, Member of the Management Board, Zavarovalnica TRIGLAV, the leading Slovenian insurer and one of the second big insurance group in the CEE region will speak at the forthcoming edition of IIF - "New challenges for the CEE motor insurance industry", to be held in Vienna, Austria, on February 15th, 2017.
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| INTERVIEW |
 Assen CHRISTOV
Chairman of the Supervisory Board
EUROHOLD - the majority shareholder of EUROINS Insurance Group
EUROINS Insurance Group operates in 7 European countries and is a well-recognized brand in 4 of them: Bulgaria, Romania, Macedonia and the Ukraine. Our market share in Romania is almost 15%, in Bulgaria - about 7% and in Macedonia - 9%. As part of its international growth, EIG will expand its operations further within the CEE and SEE countries and continue to consolidate its position in the region and to develop itself as the leading independent insurance group in the region.
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| STATISTIC
UPDATES |
| ANALYSIS |
 ALLIANZ: New-age corporate leaders are facing new and higher risks
"Rapidly changing risks and increasing compliance requirements mean corporate leaders are under scrutiny over alleged wrongdoing as never before. There are a growing number of areas that can result in a company and its directors being sued," states the recently issued D&O Insurance Insights - Management liability today: What executives need to know report by ALLIANZ.
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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
XXI Annual Conference on Reinsurance
5-6 April 2017, Moscow, Russia
XI International Conference "Insurance in Central Asia"
13-14 April 2017, Almaty, Kazakhstan
International Risk Management Conference
27-28 April 2017, Almaty, Kazakhstan
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| CURRENT
XPRIMM REPORTS |
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