XPRIMM News No. 370, 7 September, 2017

		Insurance Newsletter, No. 370, 7 September, 2017 Click here to subscribe! Click here to unsubscribe!

TOP EVENT "Consumer Protection in New Era - Innovation vs. Regulation" gathered insurance professionals in Slovenia by Adina TUDOR, 2017-09-04 Regulatory changes brought by the IDD Directive, as well as digitalisation and innovation in the insurance sector are just a few of the topics discussed at the "Consumer Protection in New Era - Innovation vs. Regulation", that took place on 4 September, in Ljubljana, Slovenia. More TOP NEWS TARSIM launches the District Based Drought Yield Insurance by Daniela GHETU, 2017-09-07 TARSIM, the Turkish Agricultural Insurance pool, has added this year a new item to the coverage offered to the local farmers: the District Based Drought Yield Insurance. More RNRC has signed the BRICSs countries' Memorandum of cooperation in insurance and reinsurance by Oleg DORONCEANU, 2017-09-05 The Russian National Reinsurance Company (RNRC) and SOGAZ Group have signed on behalf of the Russian Federation the BRICSs countries' Memorandum of development and cooperation in insurance and reinsurance. More STATISTICS: Moldova, 1H2017: GWP up by 5.62%; changes in the market hierarchy by Olesea ADONEV, 2017-09-07 Total GWP collected by Moldavian insurance companies in 1H2017 have reached to MDL 663.35 million, up by 5.62%, according to data published by the National Commission of the Financial Market in Moldova (NCFM). More STATISTICS: Russia, 1H2017: Life insurance supports growth of the local market by Olesea ADONEV, 2017-09-07 The Russian insurance market grew, in GWP terms, by 9.5% compared to the similar period of 2016 and totaled RUB 645.97 billion in 1H2017, according to the data published by the Central Bank of Russia. More GERMANY: New regional classes for more than nine million drivers by Daniela GHETU, 2017-09-07 German Insurance Association (GDV) calculates each year the claims of the approximately 400 admission districts in Germany and divides the districts into regional classes, to help insurers better assess risks in motor insurance underwriting. More ITALY: Special MTPL premium discounts for motorists with a clean accident history by Daniela GHETU, 2017-09-07 Cheaper MTPL policies will be available for Italian drivers who agree to subject the vehicle to a prior inspection by the insurance company, or to install a black box, or to mount on the car electronic mechanisms which prevents the engine from starting in the event of a driver's alchemical rate above the limits set by law (the so-called "alcolocks"). More A.M. Best Assigns Credit Ratings to Oman Reinsurance Company SAOC by Vlad BOLDIJAR, 2017-09-07 A.M. Best has assigned a Financial Strength Rating of B+ (Good) and a Long-Term Issuer Credit Rating of "bbb-" to Oman Reinsurance Company SAOC (Oman Re) (Oman). The outlook assigned to these Credit Ratings (ratings) is stable. More Sompo to sell its UK unit Canopius for USD 952 million by Vlad BOLDIJAR, 2017-09-07 Japanese insurer Sompo Holdings said it has agreed to sell British unit Sompo Canopius to private equity consortium led by Centerbridge Partners for USD 952 million. More JLT announced acquisition of Belgian specialty broker Belgibo by Vlad BOLDIJAR, 2017-09-07 Jardine Lloyd Thompson Group plc (JLT) has acquired Belgium specialty broker Belgibo NV (Belgibo) from EXMAR Group. More SCOR's "Vision in Action" strategic plan: first year's results by Daniela GHETU, 2017-09-07 One year after the launch of its new three-year strategic plan, SCOR has successfully executed the first phase of "Vision in Action" strategic plan, the Group's representatives have said at its annual Investor Day. More GROUPAMA posted 1H significant increase in net income, at EUR 286 million by Vlad BOLDIJAR, 2017-09-07 French insurer GROUPAMA posted H1 Group premium income of EUR 9.2 billion, 1.6% more y-o-y, while the net profit increased to EUR 286 million, as compared with EUR 69 million at the end of June 2016. More Tokio Marine Group to set up a subsidiary in Luxembourg for writing European business by Vlad BOLDIJAR, 2017-09-07 Tokio Marine Group announced that it has started the process with the Commissariat aux Assurances to apply for the regulatory approval to establish an insurance company in Luxembourg. More Register now at the "Managing Insurance Contracts under IFRS 17" conference! Special discounts for XPRIMM readers! by Adina TUDOR, 2017-09-01 The "Managing Insurance Contracts under IFRS 17" meeting will bring together industry leaders working the IFRS 17 to discuss the first steps firms are taking to prepare for the new accounting rules. More ON THE MOVE Paul Esterbrook to join JLT Re by Vlad BOLDIJAR, 2017-09-07 JLT Re said that Paul Esterbrook will be joining JLT Re's expanding London & International Markets (LIM) Division "once he has completed his contractual obligations with his current employer". More Guy Carpenter promoted James BOYCE to Deputy CEO, Global Specialties by Vlad BOLDIJAR, 2017-09-07 Guy Carpenter & Company announced that James BOYCE has been promoted to Deputy CEO, Global Specialties, effective immediately. Based in London, he will report to Kevin FISHER, CEO, Global Specialties. More Alison Martin will join Zurich from Swiss Re as Group Chief Risk Officer by Vlad BOLDIJAR, 2017-09-07 Zurich Insurance Group announced that Alison Martin will join the Group on October 1, 2017 and assume the role of Group Chief Risk Officer in January 2018. More PRESS CUTTINGS A.M. Best Revises Outlooks to Stable for INSURANCE COMPANY OF GAZ INDUSTRY SOGAZ BOSNIA's Bosna Sunce Osiguranje H1 net profit more than double Clal Insurance Enterprises Holdings Ltd Has $70.86 Million Stake in Market Vector Russia ETF Trust TURKEY: Average MTPL premium falls by 24% in wake of price cap

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