XPRIMM News No. 396, 29 March, 2018

STATISTICS: LATVIA, FY2017: The share of EU branches GWP increased to almost 35%
by Vlad BOLDIJAR, 2018-03-29
According to the year-end market figures published by FKTK (the Financial and Capital Market Commission), the Latvian insurance market totaled EUR 646 million at the end of December 2017, up by 21.4% y-o-y.
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Romania: Gothaer analysed its local portfolio to see how women and men choose insurance and what matters for each of them
by Adina TUDOR, 2018-03-26
In Romanian tradition, March has always been a month dedicated to celebrating women, which determined Gothaer Asigurari Reasigurari to take a look into the preferences and behaviour of the ladies from Gothaer's portfolio of clients, in an analysis dedicated to identifying how women and men choose insurance and what matters for each of them.
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Bulgaria: ARMEEC sold 80% of its Russian unit shares
by Vlad BOLDIJAR, 2018-03-27
The third largest Bulgarian insurer in GWP terms has sold 80% of its Russian unit ITIL ARMEEC shares, announced the Financial Supervision Commission without providing further information, wrote SeeNews.
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Adriatic Slovenica, third largest Slovene insurer, reports decreasing profitability in 2017 driven by the extreme weather events
by Daniela GHETU, 2018-03-28
Adriatic Slovenica Group ended 2017 with GWP worth EUR 303.8 million and a profit of EUR 11.4 million, exceeding the planned results. Paid claims amounted to EUR 223.4 million. According to the recently published annual report, the Group's ROE stood at 11.9%.
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STATISTICS: MOLDOVA, FY 2017: GWP increased by 6.9%
by Oleg DORONCEANU, Stefan GORBAN, 2018-03-29
In 2017 Moldovan insurance market produced GWP in the amount of EUR 70.6 million (MDL 1.5 billion), 6.9% up y-o-y, according to the final data of the Supervisory Authority (CNPF), centralized by the specialized portal www.xprimm.md.Claims paid by the companies decreased by 2.15% y-o-y and reached EUR 24.9 million (MDL 507.97 million).
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STATISTICS: Tajikistan, FY2017: The share of voluntary classes amounted to almost 77%
by Marina MAGNAVAL, 2018-03-29
According to the year-end market figures, published by the National Bank of Tajikistan, Tajik insurers totally produced TJS 235.84 million (EUR 22.30 million) of GWP by the end of December 2017.
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Russia: ARIA and the Central Bank plan to create proportional control over the insurance market
by Marina MAGNAVAL, 2018-03-27
All-Russian Insurance Association (ARIA) and the Central Bank of Russia decided to form a workgroup on development of the proportional control over the insurance market, said Vice-president of ARIA, Ella PLATONOVA.
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Banks domination hampers the Georgian insurance market's development
by Marina MAGNAVAL, 2018-03-27
Due to full domination of the big banks, the Georgian insurance sector is developing in the wrong way, - said the General director of UNISON insurance company, Vasil ARKHARADZE.
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Greece: China's FOSUN to bid again for ETHNIKI if winning bid fails
by Vlad BOLDIJAR, 2018-03-28
China's FOSUN expressed its interest in Greece's largest insurer ETHNIKI a few days before the deadline for the EXIN Group to implement the deal for the acquisition of 75% of ETHNIKI from National Bank of Greece - NBG.
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Global insurance M&A transactions expected to fare this year close to the record set in 2017
by Daniela GHETU, 2018-03-27
"2017 global insurance distribution merger and acquisition transaction counts eclipsed both the prior year and the previous five-year average," said Matt STERNAT, Vice President, Insurance Research at Conning commenting on the findings of the latest study issued by the global investment management firm.
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Acquisition of Italian agriculture insurance broker A&A by SOMPO International completed
by Daniela GHETU, 2018-03-28
SOMPO International, a Bermuda-based specialty provider of P&C insurance and reinsurance, announced on 27 March that it has completed the acquisition of A&A, S.r.l. (A&A), a leader in the Italian agriculture insurance market since 1996. The acquisition was first announced on February 8, 2018.
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Dutch EXIN Group is interested in acquiring Israel's CLAL Insurance
by Vlad BOLDIJAR, 2018-03-29
The Amsterdam-based EXIN Group is negotiating the takeover of Israel's CLAL Insurance. In this regard, the Dutch group "has made an informal offer to acquire the firm at a valuation of USD 1.3 billion", according to an article on calcalistech.com, wrote Reinsurance News.
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"IIF 2018 - PROPERTY INSURANCE - the NatCat challenge and beyond" Conference: Main conclusions
by Alexandru CIUNCAN, 2018-03-23
The "IIF 2018 - PROPERTY INSURANCE - the NatCat challenge and beyond", taking place on Friday, 23 March, in Prague, bought into debate the NatCat insurance gap, but also the newly developed aspects of the manmade property risks.
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