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XPRIMM News No. 398, 12 April, 2018

Insurance Newsletter, No. 398, 12 April, 2018

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img_lead_11004LIVE: Moscow, Russia: The XXII International Reinsurance Conference
by Oleg DORONCEANU, 2018-04-11
The XXII International Reinsurance Conference has started today in Moscow, organized by Delovoy Format, with the support of the Russian Insurers Association. XPRIMM, the traditional Media Partner of the conference, has launched on the occasion the latest edition of its Insurance Profile Russia, providing for 2017 insurance statistical data.

STATISTICS: Czech Rep., FY2017: 18.4% increase in the claims paid for property insurance after Hewart
by Daniela GHETU, 2018-04-12
According to statistical data published by the Czech National Bank (CNB), the local insurance market totaled CZK 150.83 billion (EUR 5.9 billion) in GWP terms, 2.5% up y-o-y (nominal, in local currency).
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HOWDEN to acquire majority stake in Turkish broker ACP
by Vlad BOLDIJAR, 2018-04-12
HOWDEN, part of HYPERION Insurance Group, announced that it has entered into an agreement to acquire a majority stake in Turkey largest independent re/insurance broker ACP from private equity fund MEDITERRA CAPITAL and existing management shareholders.

Disaster events cost insurers a record USD 144 billion in 2017
by Vlad BOLDIJAR, 2018-04-12
Global insured losses from disaster events were USD 144 billion in 2017, the highest-ever recorded in a single year, according to the latest sigma study from the Swiss Re Institute.
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Aon: likelihood of interstate conflict is at the highest point since the end of the Cold War
by Daniela GHETU, 2018-04-12
Global political volatility is leading to heightened levels of political violence and political risk, the Aon's 2018 Risk Maps for Political Risk, Terrorism and Political Violence, released on April 10, shows.

PERILS issues updated Industry Exposure Database for 2018
by Daniela GHETU, 2018-04-12
PERILS announced today the release of the 2018 update of the PERILS Industry Exposure Database containing updated property sums insured and number of risks exposed to natural perils in a large number of territories.
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MOODY's: Issuance of Tier 1 debt by European insurance companies to rise, a credit positive
by Marina MAGNAVAL, 2018-04-12
Issuance of Tier 1 debt by insurance companies is likely to increase due to the limits that the European Solvency II capital regime places on the issuance of Tier 2 debt and thanks to favorable financing conditions, says MOODY's Investors Service in a report published on April 10.

STATISTICS: GEORGIA, FY2017: total market GWP increased by more than 12% in local currency
by Marina MAGNAVAL, 2018-04-12
According to the year-end market figures published by the National Bank of Georgia, the Georgian insurance market totaled GEL 441.4 million (EUR 142.19 million) at the end of December 2017, up by 12.3% y-o-y in local currency and up by 1.08% in EUR.
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RUSSIA: international reinsurance brokers under the cross-fire of the official investigation and media campaign
by Daniela GHETU, Marina MAGNAVAL, 2018-04-12
The economic security and anti-corruption department at the Ministry of Internal Affairs started investigation of the dealings of the Russian National Reinsurance Company (RNRC) in relation with its cooperation with three big international reinsurance brokers: WILLIS, MARSH, AON, the local media reads.
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RUSSIA: crisis of agricultural insurance continues
by Marina MAGNAVAL, 2018-04-12
Russian agricultural insurance campaign this year may be considered as dead-end road. According to the National AgroInsurers Union, 18 regions out of 36 with high risk of emergency situations are not planning to develop agricultural insurance with state aid in 2018.
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RUSSIA: PROMINSTRAKH, the leader in contractors' liability insurance, is going to face financial rehabilitation
by Marina MAGNAVAL, 2018-04-12
PROMINSTRAKH, the current market leader in contractors' liability insurance, may be subject to the financial rehabilitation in the nearest future by the Central Bank.
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Kazakh insurance market in the beginning of the year: premiums increased by 69.7%
by Marina MAGNAVAL, 2018-04-12
Insurance market of Kazakhstan saw growth in the beginning of the year. Overall written premiums grew by 69.7%, while in the same period of 2017 also had an up-trend by 49.6%, - says Kazakh internet data portal
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ZURICH to launch public share buy-back program
by Marina MAGNAVAL, 2018-04-12
ZURICH Insurance Group announced that it will launch its public share buy-back program of up to 1.74 million shares on April 11, 2018. All required regulatory approvals have been obtained.

AEGON completes sale of AEGON Ireland
by Vlad BOLDIJAR, 2018-04-12
The Dutch insurer AEGON announced it has successfully completed the sale of its Dublin-based unit (AEGON Ireland plc) to ATHORA Holding Ltd. (ex AGER Bermuda Holding Ltd.). The net proceeds of the transaction are expected to amount to approx. EUR 195 million.
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NN Group announces appointments in Executive and Supervisory Boards
by Vlad BOLDIJAR, 2018-04-12
The Supervisory Board of NN Group N.V. intends to reappoint Delfin RUEDA as member of the Executive Board and to designate him as Chief Financial Officer (CFO) of NN Group N.V. and vice-chair of the Executive Board for a term of four years.

Zurich: leadership transition in EMEA business
by Marina MAGNAVAL, 2018-04-12
Currently group CEO of AXA UK and Ireland, Amanda BLANC will also join the executive committee at ZURICH, with the handover scheduled to complete in the fourth quarter of 2018. BLANC is to succeed Gary SHAUGHNESSY as CEO of ZURICH Insurance's EMEA business.

Willis Re establishes presence in Indonesia

AXA to transform its Swiss group life business, creating additional value for its customers and shareholders

Chubb Announces Preliminary First Quarter 2018 Net Catastrophe Loss Estimates


One month left until FIAR 2018 - The International Insurance-Reinsurance Forum! Did you book your seat?
by Adina TUDOR, 2018-04-12
Professionals from all over the world gather in Bucharest, Romania, between 13 and 16 May, to talk about the latest trends in the re/insurance industry, at the 21st edition of FIAR - The International Insurance-Reinsurance Forum.


SERBIA: New Law on Compulsory Traffic Insurance announced
by Redactia, 2018-04-12
By 2020, Serbia should adopt new regulation in the field of insurance, which would follow the requirements in the process of European integration. The biggest challenge will be the adoption of the new Law on Compulsory Traffic Insurance, to replace the current Law adopted in 2009.

Czech Republic, FY 2017

Take a quick survey and you have the chance to win an iPad Mini!
by Adina TUDOR, 2018-03-08
Until the 20th of April, C Consulting and XPRIMM are challenging insurance professionals to take part in a study focusing on the Insurance - Reinsurance Market in the SEE - CEE Region.


XXII Annual Conference on Reinsurance
11-12 April 2018, Moscow, Russian Federation

7th AIDA Europe Conference
12-13 April 2018, Warsaw, Poland

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

IFRS 9 Expected Credit Loss Modelling MasterClass
19-20 April, 2018, Vienna, Austria

The Digital Transformation Stories Conference
15 May 2018, London, UK
Strategic Risk Management for Transformation in Insurance
24-25 May 2018, London, UK
The 32nd International Insurance Tennis Tournament
1-3 June, 2018, Istanbul, Turkey
XVI Russian Insurance Summit
6 June 2018, Saint Petersburg, Russian Federation
The Customer Experiences In Financial Services Conference
27 June 2018, London, UK
2nd Edition IFRS 17 Implementation in Life Insurance
25-27 June 2018, London, UK
8th Bancassurance Europe Summit 2018
26-29 June 2018, London, UK


KAZAKHSTAN FY2016 & 1H2017
TURKEY FY2016 & 1H2017
Ins. Report CEE, SEE & CIS – 1H2017
Motor Ins. Report FY2016
Property Ins. Report FY2016