 TOP
NEWS |
EUROHOLD,
FY 2017: group's insurance arm quadruples net profit, supporting
the parent group's financial performance
by Daniela GHETU, 2018-02-02
Euroins Insurance Group AD (EIG), the SEE insurance arm of the Bulgarian
Eurohold has recorded revenues of BGN 970 million (EUR 496 million
) in 2017, 14% up y-o-y, while at the net profit increased four times
to around BGN 37 million. Group's GWP grew by 22% to BGN 645 million.
 More  Продолжение
All
of the EIG's subsidiaries reported strong FY2017 results
by Vlad BOLDIJAR, 2018-02-07
In 2017 EUROINS Insurance Group (EIG) generated aggregate GWP of BGN
645.5 million (EUR 330 million) compared to BGN 527.7 million in 2016.
At the same time, the consolidated profit increased more than four
times to BGN 36.8 million (EUR 19 million) compared to a profit of
BGN 8.9 million in 2016.
More
Representatives
of SWISS Re, VIG and GEN Re, among the speakers at "IIF 2018 - Motor Insurance - The Innovation Challenge"
by Adina TUDOR, 2018-02-08
Under the impact of technological advances, the motor insurance sector
is currently facing one of the most powerful waves of change in its
history. Representatives of SWISS Re, VIG, GEN Re, and FIRSS are among
the insurance professionals that will analyze this topic at "IIF
2018 - Motor Insurance - The Innovation Challenge".
More
International
professionals gather in Skopje on 22 February to analyze the current
CEE reality of the actuarial job
by Adina TUDOR, 2018-02-08
The actuarial job in the insurance industry is undergoing important
changes, under the influence of the latest technologies. For example,
telematics and IoT devices, satellite stations and even social media
apps created the opportunity, but also the challenge, of working with
huge quantities of data.
More
STATISTICS: ESTONIA,
FY2017: Non-life business pushed the market growth-rate in the "double digit area"
by Vlad BOLDIJAR, 2018-02-08
Estonian insurers reported aggregate FY2017 GWP of EUR 427.3 million, up by 10.1%
y-o-y, according to the market figures revealed on the website of the Estonian
National Statistics Board.
More
STATISTICS: Belarus,
FY2017: insurers' profit increased by 45%
by Marina MAGNAVAL, 2018-02-08
In 2017 GWP of Belarusian insurance companies amounted to BYN 1.05
billion (EUR 446 million), 6.4% more y-o-y. GWP ceded in reinsurance
reached BYN 1.03 billion (EUR 437million) against BYN 0.98 billion
in 2016, thus 6% increase in 2017.
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Russian
MTPL insurers on loss because of uninsured driving and capped prices
by Marina MAGNAVAL, 2018-02-07
"The total number of MTPL policies in the market decreased
in 2017 by only 3%, but claims payment went up by 13%",
- said Vitaliy KNYAGINICHEV, Director of the Retail Business Division
of INGOSSTRAKH.
More
New
player on the Russian life insurance market
by Marina MAGNAVAL, 2018-02-07
Financial group BKS decided to create its own insurance arm - BKS
Life Insurance. Andrey DROZDOV, former Head of Sberbank's digital
business department, will be the Director of new insurance company,
according to ASN news agency.
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Bank
of Russia joins IAIS' MMoU
by Vlad BOLDIJAR, 2018-02-07
Victoria SAPORTA, Chair of the Executive Committee of the International
Association of Insurance Supervisors (IAIS), has announced that the
Bank of Russia has become a member of the IAIS' Multilateral Memorandum
of Understanding (MMoU) - an international supervisory cooperation
and information exchange agreement.
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INGOSSTRAKH
renewed its obligatory cargo reinsurance treaty for 2018 in the amount
of USD 250 million
by Marina MAGNAVAL, 2018-02-07
One of the biggest Russian insurers INGOSSTRAKH renewed its obligatory
cargo reinsurance treaty for 2018 in the amount of USD 250 million
USD (EUR 200 million). It is the highest reinsurance limit in the
Russian market.
More
In
January 2018 SBERBANK Life Insurance paid claims in the amount of
RUB 299.8 million (EUR 4.2 million)
by Marina MAGNAVAL, 2018-02-08
In January 2018 SBERBANK Life Insurance paid customers' claims in
the amount of RUB 299.8 million (EUR 4.2 million).
More Продолжение
New
York, CsocD56's side event conclusions: The need to close the NatCat
protection gap is greater than ever
by Daniela GHETU, 2018-02-08
Monday 5 February 2018, hosted by BJD Consulting at the United Nations
Headquarters in New York, a Side-event to the 56th Commission for
Social Development 2018 took place with the priority theme "Closing
the protection gap for all".
More
MUNICH
Re FY2017 profit hit by NatCat while the GWP increased slightly
by Vlad BOLDIJAR, 2018-02-07
Global reinsurer MUNICH Re has reported FY2017 profit of EUR 392 million
(vs. EUR 2.58 billion ayear before), while the operating result declined
to EUR 1.24 billion (vs. EUR 4.03 billion) as a result of high NatCat
losses from Hurricanes Harvey, Irma and Maria.
More
MUNICH
Re's renewal portfolio recorded price increases of around 0.8% at
1 January
by Vlad BOLDIJAR, 2018-02-07
Reinsurance giant MUNICH Re pointed out in a statement about the Group's
preliminary annual results that prices for the reinsurance treaties
increased in the renewals as at 1 January 2018, particularly in the
markets most affected by natural catastrophes.
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The
World Bank launches record-breaking earthquake catastrophe bond with
Aon Securities support
by Daniela GHETU, 2018-02-07
Aon Securities, the investment banking division of global reinsurance
intermediary and capital advisor Aon Benfield, has assisted the World
Bank in structuring the largest ever catastrophe bond covering earthquake,
providing the organization with USD 1.36 billion of capital markets
protection.
More
Deutsche
Ruck becomes a member of InsurLab Germany
by Vlad BOLDIJAR, 2018-02-07
German reinsurer Deutsche Ruckversicherung AG announced it has joined
InsurLab Germany, which was founded in May 2017. Deutsche Ruck's membership
has become effective retroactively from 1 January 2018.
More
GENERALI
completes sale of Dutch business
by Vlad BOLDIJAR, 2018-02-07
GENERALI Group announced that it has completed the sale of its entire
shareholding in GENERALI Nederland N.V. (and its subsidiaries) to
ASR Nederland N.V., one of the leading insurance groups operating
in Holland.
More
ACHMEA
to repurchase EUR 100 million in own shares
by Vlad BOLDIJAR, 2018-02-07
The Dutch insurer ACHMEA announced that at the Extraordinary General
Meeting the Shareholders approved the proposal of the Executive Board
to repurchase ordinary shares for an amount of EUR 100 million.
More
Aon's
profits for 2017 hit by the last year's tax reforms in the US
by Daniela GHETU, 2018-02-07
Aon plc reported for the full year 2017 a revenue increase of 6% to
USD 10.0 billion with organic revenue growth of 4% and a 2% increase
related to acquisitions, net of divestitures.
More
HANNOVER
Re expects to beat its net income target for 2017
by Vlad BOLDIJAR, 2018-02-07
HANNOVER Re - the third-largest reinsurer in the world in terms of
GWP, announced it expects to beat its Group net income target for
2017, expecting to report EUR 950 million of income, compared to the
EUR 800 million it had before forecasted.
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Mitsui
Sumitomo Insurance will delegate to the AI 90% of administrative work
by Marina MAGNAVAL, 2018-02-07
Japanese company Mitsui Sumitomo Insurance decided to entrust up to
90% of administrative work to artificial intelligence, freeing employees
from performing routine tasks.
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TALANX
Group expects 2017 net profit of EUR 670 million
by Vlad BOLDIJAR, 2018-02-07
TALANX Group said it expects to achieve FY 2017 aggregate net income
of around EUR 670 million (vs. EUR 907 million in 2016), about EUR
20 million more than it forcasted in November, the German insurer
announced in a press release.
More
SCOR,
FY2017: 3.7% premium growth and materially improves pricing and expected
profitability
by Daniela GHETU, 2018-02-08
For the January 2018 renewals SCOR reported P&C
reinsurance renewal premiums worth EUR 3.1 billion, 3.7% up y-o-y
at constant exchange rates. Risk-adjusted pricing improved 3% compared
to January 2017.
More Продолжение |
|
| INTERVIEW |
 Valeriu
CHITAN
Chairman of the Board of Directors
National Commission for Financial Markets, Republic of Moldova
I appreciate that we have a proactive and responsible behavior in relation
to all the obligations assumed before external authorities, and we must further
demonstrate that we have the proper financial capacity of companies to maintain
our membership of the International Green Card System. It is also about strengthening
our image in front of international partners and confirming that we are able
to assume obligations and respect them, and here I will assure you that the
authority will make all the necessary efforts and actions provided by the
law, together with the BNAA and other institutions involved. More |
| TOP
EVENT |
| ON
THE MOVE |
| STATISTIC
UPDATES |
| PARTNER
EVENTS |
5th Insurance Claims & Underwriting Management Asia Summit 2018
6-9 February 2018, Singapore
6th Edition Nordic Asset Allocation: Investing in Alternative Asset Classes
7-9 March 2018, Stockholm, Sweden
Chief Data & Analytics Officer, Insurance
26-28 March, 2018, Chicago, USA
4th Annual African Insurance Forum
5-6 April 2018, Johannesburg, South Africa
XXII Annual Conference on Reinsurance
10-12 April 2018, Moscow, Russia
Agricultural Insurance, Reinsurance & Brokerage in CIS, Europe & Asia
16-18 April 2018, Belgrade, Serbia
XII International Conference "Insurance in Central Asia"
16-17 April 2018, Almaty, Kazakhstan
XIV International Risk Management Conference
19-20 April 2018, Almaty, Kazakhstan |
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