 TOP
NEWS |
Insurance
Europe: Solvency II successfully implemented, but excessive conservativeness
risks harming consumers, long-term investment and economy
by Daniela GHETU, 2017-02-02
While regulatory framework brings benefits, several issues must be addressed,
says a recent statement released by the European re/insurers' federation,
Insurance Europe. The many layers of conservativeness built into the design
of Solvency II and its tendency to treat insurers like traders instead
of long-term investors could harm consumers, long-term investment and the
economy.
 More
STATISTICS: ESTONIA,
FY2016: Non-life lines saw the best results, driving up the market results
by Vlad BOLDIJAR, 2017-02-02
Insurers operating on the Estonian market reported total GWP of EUR 388
million for the financial year 2016, up by 7.4% y-o-y, according to the
market data published by the Estonian National Statistics Board. The value
of life GWP increased by 3.9% y-o-y, to EUR 85.7 million (22.1% of the
total market), while Estonian general insurers posted GWP of EUR 302.3
million, 8.5% more y-o-y.
More
STATISTICS: ALBANIA,
FY2016: Double-digit increasing MTPL premiums maintained the market "in black"
by Vlad BOLDIJAR, 2017-02-02
At the end of 2016, the Albanian insurance market totaled about ALL 15,466
million (about EUR 114 million), or 9.64% y-o-y, according to the figures
published by the local market authority. The total value of paid claims
was about ALL 4,276 million (EUR 31.6 million) or 17.54% more y-o-y, of
which more than half (about 52%) were related to Compulsory MTPL insurance.
More
Romanian
MTPL market prepared to sit on solid foundations
by Daniela GHETU, 2017-02-02
After a stormy 2016, the Romanian MTPL market is prepared to sit on solid
foundations in 2017, with sound operators and a more coherent structure,
said yesterday Misu NEGRITOIU, the Romanian Financial Supervisory Authority
head speaking at a market forecast meeting.
More
BOSNA
Re gave up its shareholding in the Bosnian unit of the TRIGLAV Group
by Daniela GHETU, 2017-01-27
BOSNA Reinsurance dd Sarajevo gave up its stake in TRIGLAV Osiguranje dd
Sarajevo, the Bosnian subsidiary of the Slovene TRIGLAV Group, reads osiguranje.hr.
BOSNA Reinsurance Company sold the package of 20.28% of the shares on the
Sarajevo Stock Exchange on 18 January.
More
Montenegro:
Grawe acquires the local unit of Merkur International
by Daniela GHETU, 2017-01-27
Grawe has confirmed for the local financial press the acquisition of Merkur
Insurance Podgorica, the Austrian Merkur International Holding 100% owned
subsidiary from Montenegro, in a deal worth EUR 1.39 million.
More
Insurtech
is transforming the traditionally rigid insurance space in response to
modern consumer needs, says GlobalData
by Daniela GHETU, 2017-02-02
Many propositions stemming from the insurance technology (or 'insurtech')
space are designed to reinvigorate some of the most traditional methods
and practices within the insurance industry, including product purchasing
and distribution, according to research and consulting firm GlobalData.
More
Swiss
Re and SAP co-innovate for financial reporting and business steering in
reinsurance and insurance
by Daniela GHETU, 2017-02-02
Swiss Re announced on 02 February 2017 a strategic co-innovation initiative
with SAP SE, market leader in enterprise application software. The two
companies plan to develop a solution to address the increasingly complex
demands related to financial steering and reporting of insurance companies
from regulators across the globe.
More
GERMANY:
2016 results meet expectations, confirming the market stability; Insurers
expect further premium growth
The German insurance industry will most probably
stay on a growth path in 2017. The industry expects an increase of at least
1% across all lines. While life insurance revenues are expected to fall
slightly by only 0.5%, P&C insurance may see a 2.1% GWP growth , representatives of the German Insurance
Association (GDV) said yesteday to the press.
More
HANNOVER
Re raises its premium target for 2017 following treaty renewals
by Daniela GHETU, 2017-02-02
Markets continue to see significant competition as a result of which the
anticipated stabilisation in rates has not as yet set in across the board,
said HANNOVER Re, yet emphasizing that the company is satisfied overall
with the outcome of the treaty renewals as at 1 January 2017.
More
QBE
rumoured sale to ALLIANZ denied by the Autralian insurer
by Vlad BOLDIJAR, 2017-02-02
Australian insurer QBE has denied in a statement that it has received an
acquisition proposal from German insurer ALLIANZ, Europe's largest insurer
by market capitalization and number two by booked premiums, following several
press reports about informal talks over a possible deal.
More
British
insurers support travelers affected by Trump's refugee and immigration
ban
by Daniela GHETU, 2017-02-02
AXA, AVIVA and DIRECT Line, UK's most important travel insurers, said on
Monday that they will pay out on the eventual claims filed by customers
affected by US President's refugee and immigration ban, even though this
type of circumstance is not "technically" covered
by the insurance policies.
More
KAZAKHSTAN,
FY2016: Market return to growth, up by 24%
by Olesea ADONEV, 2017-02-02
FY2016 saw a spectacular GWP boost in the Kazakh market, by 24%, as compared
with FY2015 when insurers struggled to return on the growth path, achieving
a 8% growth after the fall of 4.64% seen in FY2014.
More
Date
set for the XIth Int'l Conference "Insurance in Central Asia". Insurance Profile Kazakhstan will be available at the event's stands
by Olesea ADONEV, 2017-02-02
The XIth International Conference "Insurance
in Central Asia" will take place on 13-14 April 2017 in Almaty, Kazakhstan. The event represents
a platform for the insurance and reinsurance leaders from Central Asia,
CIS and CEE countries.
More
MARSH:
Multinational organizations must be aware of the political risks in 2017
by Daniela GHETU, 2017-02-02
After the twin surprises experienced by the Western world in 2016 - the
UK's vote to leave the European Union (EU) and Donald Trump's victory in
the US presidential election -, geopolitics will play out in 2017 through
numerous elections, the possibility of succession in several countries,
continued economic polarization, and more, reads the Global Geopolitical
Risk Concerns for Businesses in 2017 report released by MARSH.
More
QIC
Group reports premium growth of 19% to USD 2.7 billion for 2016; net profit
of USD 289 million; RoE at 14.7%
by Daniela GHETU, 2017-02-02
Qatar Insurance Company (QIC), the leading insurer in Qatar and the Middle
East North African region announced strong financial results for the full
year 2016. The Group reported robust growth and resilient profitability
in the financial year 2016, with GWP amounting to USD 2.72 billion, up
19% y-o-y.
More |
| ON
THE MOVE |
 AON
Group's President, Steve McGill to step down
The global brokerage firm AON announced that Group President Steve McGill
is leaving the company "to
explore new opportunities". No replacement was named, but company said in a statement that Eric ANDERSEN,
CEO of AON Benfield and Mike O'CONNOR, CEO of AON Risk Solutions, "will work together to jointly build AON's global risk business".
More |
MMC
names Susan A. STONE General Counsel of Risk and Insurance Services
Marsh & McLennan Companies (MMC) announced that Susan A.
STONE has been appointed General Counsel of the Company's Risk and Insurance
Services (RIS) segment, which includes MARSH and GUY CARPENTER. She succeeds
James J. McNasby, who has served as General Counsel of MARSH since 2007
and as General Counsel of RIS since 2015.
More |
| PRESS
CUTTINGS |
|
| TOP
EVENT |
IIF
2017: Meet European motor insurers in Vienna!
by Daniela GHETU, 2017-02-02
Over 90 re/insurance professionals, market supervisors and IT experts from
24 countries have already registered for the 2017 edition of the International
Insurance Forum, "New
challenges for the CEE motor insurance industry", to take place in Vienna, on February 15th.
More |
| INTERVIEW |
 Thomas
SCHOLLKOPF
Member of the Board, Responsible for Europe ERGO International
AG
We have no interest to be number 1 in Romania in a mid-term, neither on life
nor non-life sectors, and that's not our target. I want us to be a profitable
company and the best choice for brokers. That's our target: to be the best
in class.
More |
| STATISTIC
UPDATES |
| 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, Istanbul, Turkey
FIAR
2017 - The International Insurance-Reinsurance Forum
21-25 May 2017, Brasov, Romania
AIIF
- Azerbaijan International Insurance Forum
June 2017 Baku, Azerbaijan
IIF
2017 - PROPERTY Insurance Conference
26-27 June 2017, Munchen, Germany |
| PARTNER
EVENTS |
10th
Annual BancAssurance Forum
7-8 February 2017, Amsterdam
Insurance
Fraud Forum
16-17 February 2017, Rome, Italy
European
Motor Insurance Summit
16-17 February 2017, 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
|
| CURRENT
XPRIMM REPORTS |
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