XPRIMM News No. 391, 22 February, 2018

The sale of the Greek largest insurer remained under the question mark
by Vlad BOLDIJAR, 2018-02-21
The sale of the Greek largest insurer to the American-Dutch consortium CALAMOS-EXIN remained under the question mark after CALAMOS Family Partners had filed a legal action against EXIN Financial Services Holdings, wrote ekathimerini.com.
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European Parliament approach on access to in-vehicle data welcomed by European insurers
by Vlad BOLDIJAR, 2018-02-22
Insurance Europe has welcomed the result of the vote in the European Parliament's Committee on Transport and Tourism (TRAN) on the draft report on a European strategy for Cooperative Intelligent Transport Systems (C-ITS).
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RENOMIA strengthens its position on the Croatian market by acquiring a stake in DPS International
by Vlad BOLDIJAR, 2018-02-22
RENOMIA - one of the largest corporate and EB insurance broker in CEE Region announced it has acquired a stake in the Croatian broker DPS International.
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5 years of Gothaer in Romania in figures and highlights. "Details make the difference!"
by Adina TUDOR, 2018-02-21
Back on 4 February 2013, Gothaer came to Romania and promised to show what "better insured than you think" meant. Five years later, the enthusiasm is still there, and so is the Gothaer team, but now relying on the results obtained so far.
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STATISTICS: KOSOVO, FY2017: insurers' bottom result returned in the positive area
by Vlad BOLDIJAR, 2018-02-21
Kosovo insruance market totaled about EUR 87.4 million at the end of December 2017, 4.3% more y-o-y, data provided by the Central Bank (CBK) showed. Total gross claims paid increased by 19.7% y-o-y to EUR 46 million.
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STATISTICS: ARMENIA, FY2017: claims expenses went up at a significantly higher pace than GWP
by Marina MAGNAVAL, 2018-02-21
Claims expenses growth exceeded by far the GWP increasing pace in 2017, in the Armenian market. Thus, while paid claims went up by 24.9% - against 4.9% growth in 2016 -, GWP saw a y-o-y growth rate of only 6.2%, slightly improved as compared with the previous year (5%).
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STATISTICS: UZBEKISTAN, FY2017: insurance claims growth rate broke the record over the last 10 years
by Marina MAGNAVAL, 2018-02-21
As reported by the Ministry of Finance of the Republic of Uzbekistan in 2017 Uzbek insurers paid UZS 270 billion (EUR 28.05 million) which is 2.1 times more than in 2016.
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ALLIANZ FY2017 operating profit in the upper half of the Group's announced target
by Vlad BOLDIJAR, 2018-02-21
German insurer ALLIANZ reported FY2017 total revenues of EUR 126.1 billion, up by 3% y-o-y, while its operating profit was EUR 11.1 billion, "squarely in the upper half of the Group's announced target range of EUR 10.3 billion to EUR 11.3 billion".
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SCOR FY2017 profit more than halved, while the business expanded by 8.6%
by Vlad BOLDIJAR, 2018-02-22
The Paris-based reinsurer SCOR reported FY2017 GWP of EUR 14.78 billion, up by 8.6% y-o-y, while the Group net income stands at EUR 286 million in 2017 (down from EUR 603 million in 2016), "despite the cost of the nat cat events which occurred in the third and fourth quarters".
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Swiss Re completes public share buy-back programme 2017
by Vlad BOLDIJAR, 2018-02-21
Swiss Re announced that it has completed the 2017 public share buy-back programme of up to CHF 1.0 billion purchase value, authorised by the Annual General Meeting on 21 April 2017 and which it launched on 3 November 2017.
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AXA to sell its operations in Azerbaijan
by Vlad BOLDIJAR, 2018-02-21
France's AXA announced it had entered into an agreement with Elkhan GARIBLI to sell all its insurance operations in Azerbaijan.
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ALFASTRAKHOVANIE offers cyber risk insurance in Russia
by Marina MAGNAVAL, 2018-02-22
One of the biggest Russian insurers offers cyber risk insurance. Insurance amount starts from RUB 5 million and may exceed RUB 150 million.
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Insurance of property of individuals - trends on the Russian market
by Marina MAGNAVAL, 2018-02-22
Property insurance becomes the main driver of the Russian non-life segment. According to the Central Bank, in 2017 the subclass had 15% growth in 1H and 12% in 3rd quarter of 2017.
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NAFI (National Agency of Financial Investigations) in Russia: Russians' attitude to insurance had deteriorated
by Marina MAGNAVAL, 2018-02-21
During 2017 Russians' attitude towards insurance had deteriorated: share of positive estimations decreased to 57% (vs. 65% in 2016) while share of negative estimations increased up to 32% (21% in 2016), according to the NAFI's investigation report prepared in September 2017.
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SBERBANK Insurance Broker: credit rating confirmed as ruAA
by Marina MAGNAVAL, 2018-02-21
SBERBANK Insurance Broker has confirmed credit rating as ruAA (high) based on the national RAEX Ratings (Expert RA). Rating outlook is stable.
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In what ways is IFRS 9 disruptive? Find out at the "IFRS 9 After Implementation In-House Training"!
by Adina TUDOR, 2018-02-16
IFRS 9 is said to be the most disruptive evolution banks have been facing in the last 40 years. It is also likely to render obsolete many regulatory requirements.
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One in five organizations does not currently have or plan to purchase cyber insurance
by Vlad BOLDIJAR, 2018-02-21
Cyber risk is now at the forefront of the corporate risk agenda, but cyber risk management strategies are not keeping pace despite an increasingly complex threat environment and escalating potential financial impact, a recent survey says.
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Profit from our SPECIAL OFFER! Register now at the "IIF 2018 - MOTOR INSURANCE - the innovation challenge" conference!
by Adina TUDOR, 2018-02-21
Are you and your colleagues interested in participating at the "IIF 2018 - MOTOR INSURANCE - the innovation challenge" conference? We have a SPECIAL OFFER: pay for ONE conference pass, get TWO!
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SPECIAL OFFER for "The European Consumer Protection Conference": pay for ONE conference pass, get TWO!
by Adina TUDOR, 2018-02-21
Until 28 February, each paid registration for The European Consumer Protection Conference brings you a BONUS free pass! So take your colleague with you and join the debates! Register NOW!
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Get TWO tickets for the price of ONE at the "IIF 2018 - PROPERTY INSURANCE - the NatCat challenge and beyond" Conference! Register now!
by Adina TUDOR, 2018-02-21
Join top professionals representing the most relevant re/insurance entities, digital technologies providers, claims adjusters and risks modelling companies on 23 March, in Prague, at "IIF 2018 - PROPERTY INSURANCE - the NatCat challenge and beyond" Conference! Profit now for our SPECIAL OFFER: pay for ONE conference pass, get TWO!
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