 TOP
NEWS |
Nathalie BERGER to address the European Consumer Protection Conference 2017, in Vienna
by Daniela GHETU, 2017-02-09
Nathalie BERGER, Head of Unit Insurance and Pensions Directorate General for Financial Stability, Financial Services and Capital Markets Union (FISMA), European Commission will give the Keynote Speech in the first part of the European Consumer Protection Conference, to be held in Vienna, on February 16th.
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Daniela BADALUTA, RECREX: The management on the loss adjustment segment of some Romanian insurers generates losses instead of benefits
by Adina TUDOR, 2017-02-09
"RECREX operates on one of the insurance market niches: we do not sell insurance, we are a loss adjuster. I believe loss adjusting is one of the most important aspects in this field, because managing claims is a key aspect for achieving success on the insurance market", Daniela BADALUTA, President, RECREX, explained in an interview for XPRIMM Publications.
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PZU seeks insurance M&A opportunities to expand abroad
by Daniela GHETU, 2017-02-08
Poland's top insurer PZU, also the largest player in the CEE region, is seeking M&A opportunities among foreign insurance companies, Deputy PM and Ministry of Economic Development and Finance Mateusz MORAWIECKI recently stated for the local press.
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STATISTICS: MONTENEGRO, FY2016: Austrian and Slovene insurers lead the market rankings
by Vlad BOLDIJAR, 2017-02-09
The Montenegrin market reported a 4.2% y-o-y growth in FY2016 GWP, to EUR 80.1 million, according to the preliminary figures published on the ISA's web-site. The non-life insurance segment had the largest contribution to the aggregate figure, reporting GWP of EUR 66.5 million (83% of total GWP), while the life sector accounted for the remaining 17%, or EUR 13.7 million.
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STATISTICS: KOSOVO: +3% in FY2016 GWP, supported by the double-digit growth rate in voluntary classes
by Vlad BOLDIJAR, 2017-02-09
Last year, the Kosovo insurance market totaled EUR 81.2 million, or 3.1% more y-o-y, according to the figures published by the Central Bank of the Republic of Kosovo (CBK). At the same time, the volume of paid claims by local insurers remained about at the 2015 level: EUR 39 million.
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STATISTICS: UPDATE: KAZAKHSTAN, FY2016: Market return to growth, up by 24%; statistical sheet now available
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.
By insurance lines, to the positive evolution have contributed MTPL (+23%), property insurance (+24%), voluntary insurance of civil liability (+88%), compulsory insurance of worker against accidents (+27%), sickness (+11%).
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ADRIS denies being interested by the DUNAV Osiguranje privatization
by Daniela GHETU, 2017-02-09
Croatian diversified conglomerate Adris Grupa, owner of the control stake in CROATIA Osiguranje, on Wednesday denied local media reports that it is looking to acquire Serbian state-owned insurer Dunav Osiguranje, reports SeeNews. A Group's spokesperson qualified the information as "a speculation".
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BULGARIA: insurers' capital position has improved, the latest BSR's result shows
by Daniela GHETU, 2017-02-08
Bulgaria's insurance companies and pension funds are stable, though five small insurers will have to raise funds to meet capital requirements, an asset and a balance sheet review carried by the financial regulator showed on Friday, Reuters reports.
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ALLIANZ to take the full control of ALLIANZ-Irish Life
by Vlad BOLDIJAR, 2017-02-09
German insurance group ALLIANZ is to acquire the remaining stake in ALLIANZ-Irish Life Holdings (AILH) for EUR 160 million, as the insurer announced in a press release. Currently ALLIANZ holds a 66.5% in AIHL and will pay CANADA Life and other shareholders about EUR 20.68 each for their shares under the agreement supported by the largest minority shareholder - CANADA Life.
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MMC reports FY2016 revenue growth of 3%
by Vlad BOLDIJAR, 2017-02-09
MARSH & McLENNAN Companies (MMC) reported for the year 2016 consolidated revenues of USD 13.2 billion, an increase of 2% compared with 2015, or 3% on an underlying basis. Net income attributable to the Company was up 11% to USD 1.8 billion, and earnings per share rose 13% to USD 3.38. Adjusted earnings per share increased 12% to USD 3.42 compared with USD 3.05 in 2015.
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ZURICH Group's operating profit up 55% following GRECO's costs cut policy; no comment on the Group's possible interest in Italian GENERALI
by Daniela GHETU, 2017-02-09
ZURICH Insurance Group (ZURICH) today reported a business operating profit (BOP) for the full-year 2016 of USD 4.5 billion, up 55% y-o-y. Net income attributable to shareholders (NIAS) was up 74% at USD 3.2 billion, driven by improved profitability in General Insurance and continued growth in Global Life and Farmers.
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HANNOVER Re raises 2017 guidance following January renewals
by Vlad BOLDIJAR, 2017-02-08
German reinsurer HANNOVER Re raised its 2017 net income guidance to more than EUR 1 billion from more than EUR 950 million following the strong January renewals. Despite continued price pressure, HANNOVER Re declared its satisfaction with the outcome of the renewals, underlining that premium volume had grown by 7%, including its structured reinsurance business.
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MUNICH Re posts profit of EUR 2.6 billion for 2016; technical results affected by the major claims expedinture in the 4th quarter
by Daniela GHETU, 2017-02-08
MUNICH Re posted a consolidated result of EUR 2.6 billion for 2016, thus meeting its profit target of "well over EUR 2.3 billion", the Group's representatives have recently stated. The operating result amounted to EUR 4.0 billion, less by EUR 0.8 billion as compared with the previous year. The lower technical result and the costs of the ERGO Strategy Programme were partly offset by gratifying investment and currency translation results.
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SOLERA Holdings to acquire AUTODATA
by Vlad BOLDIJAR, 2017-02-08
SOLERA Holdings, a global leader in data and software for the
automotive, home ownership and digital identity management ecosystems,
announced it has entered into a definitive agreement to acquire
AUTODATA, a leading provider of technical information and knowledge
solutions for the automotive service, maintenance and repair ("SMR")
industry.
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InsurtechNow Pitch Day - a great opportunity for InsurTech startups
by Adina TUDOR, 2017-02-07
InsurtechNow Pitch day, held at INESE's third Global Summit for Insurance Innovation, represents an important opportunity for startups to promote their innovative projects and technological expertise to the insurance market. This inaugural event presenting disruptive technology projects for Insurtech companies, will be the official launch event for those disruptive projects brought to the insurance industry by innovation, entrepreneurship and new technologies.
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TALANX FY2016 net income above expectations; FY2017 outlook raised
by Vlad BOLDIJAR, 2017-02-08
German insurer TALANX announced that according to the preliminary FY2016 figures, the group achieved an aggregate net income of slightly above EUR 900 million (vs. EUR 734 million) "thereby clearly surpassing its own earnings target".
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| ON
THE MOVE |
| PRESS
CUTTINGS |
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| TOP
EVENT |
Cross-border motor claims on the agenda of IIF 2017, in Vienna, on February 15th
by Daniela GHETU, 2017-02-09
While engineers are imagining the safer self driving cars of the (near) future, 70 people die every day on the European roads in car accidents and 370 are suffering serious injuries, possibly affecting the rest of their lives. It is insurers' task to ease the financial burden put by a fatal accident on the victims' families. In less than 1 week, IIF 2017 will address the most challenging issues of the motor insurance industry, as well as the future trends.
More |
| ANALYSIS |
| 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 |
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
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| CURRENT
XPRIMM REPORTS |
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