XPRIMM News No. 353, 20 April, 2017

		Insurance Newsletter, No. 353, 20 April, 2017 Click here to subscribe! Click here to unsubscribe!

TOP NEWS MUNICH Re: Global insurance industry set to grow more strongly by 2018 by Daniela GHETU, 2017-04-20 The global insurance industry may see slightly increased growth by 2018. Overall, the international primary insurance sector will grow by 4.5% p.a. on average (3.0% in real terms) in 2017 and 2018. More VIG, FY2016: Profit (before taxes) of around EUR 407 million confirmed by Daniela GHETU, 2017-04-20 VIG (Vienna Insurance Group) Annual Report for the 2016 financial, published today, confirms the most important preliminary KPIs. GWP increased to EUR 9,051 million; the profit (before taxes) reached EUR 406.7 million. More STATISTICS: BOSNIAN insurers' GWP up by 6.4% in 2016 by Vlad BOLDIJAR, 2017-04-20 The aggregate GWP of the 27 insurers operating in Bosnia & Herzegovina increased by 6.4% y-o-y to BAM 634.1 million (EUR 324.2 million), as data from the local insurance agency - AZOBIH show. More STATISTICS: SERBIA, FY2016: Double-digit GWP increase supported by the life insurance lines by Vlad BOLDIJAR, 2017-04-20 The National Bank of Serbia announced that the aggregate GWP by insurers active in the market increased by 10.15% last year, reaching RSD 89.14 billion (about EUR 722 million). More STATISTICS: SLOVENIA, FY2016: Slight increase for the insurance market in 2016 by Vlad BOLDIJAR, 2017-04-20 At the end of December 2016, the Slovenian insurers, members of the local association, reported aggregate GWP of EUR 2.03 billion, up by 1.5% y-o-y, the latest data published by SIA show. More ROMANIA: OMNIASIG VIG - almost 11% increase in GWP in 2016 by Vlad BOLDIJAR, 2017-04-20 Romanian insurer OMNIASIG Vienna Insurance Group (VIG) recorded a positive development in 2016 on most of the activity segments, which generated a consolidated business growth of almost 11%, the company announced. More HUNGARY: CIG Pannonia to merge MKB insurers into its units by Vlad BOLDIJAR, 2017-04-20 Hungarian insurer CIG Pannonia announced it will merge into its units (CIG Pannonia Life Insurance and CIG Pannonia First Hungarian General Insurance) the two MKB insurers recently acquired: MKB Life Insurance and MKB General Insurance. More STATISTICS: GEORGIA, FY2016: Market up by 9.24%, from 19% one year before by Olesea ADONEV, 2017-04-20 The Georgian insurance market went up by only 9.24% in FY2016, while in FY2015 GWP increased by 19%. More The Russian MTPL - a market still in distress by Olesea ADONEV, 2017-04-20 According to the Russian Central Bank's report, in 2016 GWP in MTPL insurance increased by only 7.17%, while in 2015/2014 GWP growth was of 45%. The trend is expected to continue also in 2017. More A.M. Best Withdraws Credit Ratings of Russian Reinsurance Company JSC A.M. Best has affirmed the Financial Strength Rating (FSR) of B (Fair) and the Long-Term Issuer Credit Rating (Long-Term ICR) of "bb+" of Russian Reinsurance Company JSC (Russian Re) (Russia). More Swiss Re strengthens its commitment to Asia by Vlad BOLDIJAR, 2017-04-20 Swiss Re announced plans to further strengthen its commitment to Asia by establishing a dedicated regional legal entity in Singapore for its Reinsurance business unit, which will also be its Asian reinsurance headquarters. More PZU insures ENEA POLANIEC Power Plant, ranked second in the energy market by Daniela GHETU, 2017-04-20 PZU became the insurer of ENEA POLANIEC Power Plant (March 2017-mid-2018), providing the best offer for property insurance and loss of profits, civil liability and terrorist risks. More ANALYSIS 2017 is a revolutionary year for the Russian insurance market 2017 is an anniversary year. A hundred years after a series of key events in the history of our country and in one separate segment of the Russian economy such as insurance there will be also revolutionary events, after which the insurance market, apparently, will never be the same. More ON THE MOVE Joanne SEGARS to leave PLSA after 12 years by Daniela GHETU, 2017-04-20 In June, Joanne SEGARS will step down as chief executive of the British Pensions and Lifetime Savings Association (PLSA) after leading it since 2006. More Chubb appoints Ana ROBIC as COO, North America Personal Risk Services by Vlad BOLDIJAR, 2017-04-20 Ana ROBIC was appointed to Chief Operating Officer, for CHUBB's North America Personal Risk Services. She will be responsible for strategies and activities relating to profitable growth for CHUBB's high-net-worth personal insurance division. More PRESS CUTTINGS ARMENIA: Armeconombank and SIL Insurance recognized by central bank as joint financial group AZERBAIJAN's PASHA Life reveals plans on collecting premiums BULGARIA's Euroins Insurance Group launches buyout bid for Euroins HUNGARY: MKB General Insurance receives HUF 3 mln fine LATVIA: Maxima store collapse in Latvia not covered under insurance policy RUSSIAN Russian insurance company to pay Samsung USD 11.4 million UKRAINE: Insurers increased collection of net insurance premiums by 18.4%, and gross - 18.3%

STATISTIC UPDATES Serbia FY2016 Bosnia FY2016 Slovenia FY2016 Georgia FY2016 XPRIMM EVENTS Inclusive Insurance And Microinsurance 17 May 2017, Ljubljana, Slovenia FIAR 2017 - The International Insurance-Reinsurance Forum 21-25 May 2017, Poiana Brasov, Romania IIF 2017 - PROPERTY Insurance Conference 26 June 2017, Munich, Germany IIF 2017 - MOTOR Insurance Conference September 2017 Baku, Azerbaijan IIF 2017 - MOTOR Insurance Conference October 2017 Istanbul, Turkey Baden-Baden XPRIMM Reception 22 October 2017, Baden Baden, Germany IIF 2017 - Insurance in the DIGITAL World 14 November 2017, Vienna, Austria PARTNER EVENTS International Risk Management Conference 27-28 April 2017, Almaty, Kazakhstan Market Developments within Direct Lending Conference 11-12 May, 2017, London, UK Digitalisation today and tomorrow - Insurance Europe International Conference 1 June, 2017, Zurich, Switzerland Global Summit for Insurance Innovation 1-2 June 2017, Madrid, Spain "Insurance & Reinsurance Days" Conference 7-8 June 2017, Cracow, Poland XV Russian Insurance Summit 12 July 2017, Saint Petersburg, Russian Federation IIS Global Insurance Forum 17-20 July 2017, Park Westminster Bridge Hotel, London Les Rendez-vous de Septembre 2017 September 9-14, 2017, Monte Carlo, Monaco Baden Baden Meetings 2017 22-26 October 2017, Baden Baden, Germany CURRENT XPRIMM REPORTS RUSSIA FY 2016 KAZAKHSTAN FY2015 & 1H2016 TURKEY FY2015 & 1H2016 ROMANIA 1Q2016 & 1H2016 Ins. Report CEE, SEE & CIS – 1H2016 Motor Ins. Report FY2015 & 1H2016 Property Ins. Report FY2015