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PZU Group, 1Q2018: record sales of insurance and net profit exceeding PLN 1 billion
by Daniela GHETU, 2018-05-31
The PZU Group opened 2018 with record sales of insurance, Q1 GWP amounting to PLN 5.83 billion (EUR 1.38 billion), which is the best result in the Group's history. The consolidated quarterly net profit of the PZU Group once again exceeded PLN 1 billion (EUR 237.6 million).
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STATISTICS: CROATIA, 1Q2018: paid claims went up at a double rate to premiums
by Daniela GHETU, 2018-05-31
The Croatian insurance market ended 1Q2018 with GWP worth EUR 373.26 million, 7.38% up y-o-y. The highest contributions to the market growth, in absolute terms, came from the traditional life insurance line and both motor insurance classes.
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SAVA Re's shareholders will receive EUR 0.80 gross per share dividents for 2017
by Daniela GHETU, 2018-05-30
SAVA Re's shareholders will receive dividends of EUR 0.80 gross per share, to be paid, on 14 June 2018, to the shareholders entered in the shareholders' register as at 13 June 2018, the 34th general meeting of shareholders decided on 29 May.
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CROATIA Osiguranje's ownership increase in SAVA Re - the saga continues
by Daniela GHETU, 2018-05-30
AZN- the Slovenian insurance supervisory body has denied once again allowing Croatian leading insurer CROATIA Osiguranje to increase its ownership in the Sava Re's group parent company, Pozavarovalnica SAVA, to 20% or more, SeeNews reports.
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STATISTICS: KOSOVO 1Q2018: Insurers' net profit more than halved
by Vlad BOLDIJAR, 2018-05-31
The insurance market of Kosovo totaled EUR 21.4 million at the end of March 2018, 10.5% more y-o-y, data provided by the Central Bank (CBK) showed.
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RUSSIA: the local market will have a new biggest player after the merger of VTB and SOGAZ
by Marina MAGNAVAL, 2018-05-29
The Head of SOGAZ Group, Andrei KOSTIN, and the Chairman of SOGAZ, Anton USTINOV, on May 25, 2018 signed an agreement of sale of 100% of VTB Insurance to SOGAZ, informed RBK news agency.
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Russia: GWP of SBERBANK Life insurance in Q1 2018 jumped by 80.3% y-o-y
by Marina MAGNAVAL, 2018-05-30
GWP of SBERBANK Life insurance, generated by investment life insurance (ILI), during Q1 amounted to RUB 21.7 billion, 80.3% more if compared to the last year's Q1, - according to data provided by the insurer's press service.
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STATISTICS: AZERBAIJAN, 1Q2018: claims remained at the previous year's level while the premiums grew by more than 28%
by Marina MAGNAVAL, 2018-05-30
Azeri insurers generated during Q1 2018 GWP by 28.16% more than a year before while paid claims remained just at the same level, - said the official report of the Financial Market Supervisory Authority of Azerbaijan.
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ARMENIA: further development of health insurance requires support from World Health Organization
by Marina MAGNAVAL, 2018-05-29
The Head of the Armenian office of the World Health Organization (WHO), Egor ZAYTSEV announced that WHO will render technical assistance to Armenia in expansion of health insurance, as informed by ArmInfo.
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Belarus: FITCH expects Belarusian insurance sector to remain under the state-owned companies' dominance
by Marina MAGNAVAL, 2018-05-31
State-owned companies will continue to dominate the insurance market of Belarus in the medium term, the latest FITCH Ratings' report states.
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STATISTICS: KAZAKHSTAN, 1Q2018: rather moderate market growth rate, of about 2.8%
by Marina MAGNAVAL, 2018-05-30
During Q1 2018 Kazakh insurers' GWP grew only by 2.78% y-o-y, while claims dropped by 13.44%. Life insurance saw the best growth rate (+13%), while non-life had a rather moderate increase (+1.19%), according to National Bank of Kazakhstan's data.
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KAZAKHSTAN: for the Q1 property insurance dropped by 11%
by Marina MAGNAVAL, 2018-05-29
Property insurance in Kazakhstan is accelerating rates of decline. During the Q1 the class generated premiums 11% less than a year ago. At that during the Q1 2017 this class decreased by 4%, as informed analytical service Finprom.kz.
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Korean Re, FY2017: strong results despite the devastating natural catastrophe losses; European business expansion in view
by Daniela GHETU, 2018-05-30
Despite the devastating natural catastrophe losses recorded in the second half of the year, Korean Reinsurance (Korean Re) has delivered strong underwriting results for 2017 reporting a combined ratio of 98.4%, as well as a 7.8% y-o-y increase in GWP.
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Swiss Re and SoftBank end discussions about potential minority investment
by Vlad BOLDIJAR, 2018-05-29
Global reinsurance giant Swiss Re and Japan's SoftBank Group have agreed to end discussions about a potential minority investment of SoftBank in Swiss Re, as the reinsurer announced in a statement.
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18 Top Insurtech to pitch at the #GSII18
by Redactia, 2018-05-25
The Global Summit for Insurance Innovation (#GSII18) has announced the list of startups that will participate in the second day of the conference.
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Join professionals from all over the world at the 8th Annual Africa Insurance and Reinsurance Conference!
by Adina TUDOR, 2018-05-31
The Africa Insurance & Reinsurance Conference, a regionally focused event now in its 8th edition, has steadily become a gateway for the global and regional investors to engage local leaders as they seek ways to increase insurance penetration in the continent.
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UNIQA Q1 EBT more than doubled to EUR 73.9 million
by Vlad BOLDIJAR, 2018-05-31
Austrian insurer UNIQA announced its Q1 premiums increased by 1.6% y-o-y to EUR 1.53 billion while the EBT more than doubled increasing by 122.9% to EUR 73.9 million.
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| ON THE MOVE |
Aon: changes in the leadership structure following restructure
by Daniela GHETU, 2018-05-31
Aon plc announced today that Andrew MARCELL has been appointed CEO of Reinsurance Solutions. Prior to the today change, Eric ANDERSEN, CEO of Aon Benfield, and Michael O'CONNOR, CEO of Aon Risk Solutions, have been appointed Co-Presidents on 15 May.
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AON appointed Karl HENNESSY as CEO of new Carrier Solutions groups
by Vlad BOLDIJAR, 2018-05-31
Re/insurance broker AON announced the appointment of Karl HENNESSY as CEO of the company's newly created Carrier Solutions group.
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Elaine SARSYNSKI to replace Deanna OPPENHEIMER on AXA's BoD
by Vlad BOLDIJAR, 2018-05-31
French insurer AXA announced Elaine SARSYNSKI is appointed director to replace Deanna OPPENHEIMER on AXA's Board of Directors.
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CANOPIUS Hires Stephan OTT as Head of Continental Europe, reinsurance
by Daniela GHETU, 2018-05-30
CANOPIUS appointed Stephan OTT as its new Head for Continental Europe, Reinsurance. Stephan was most recently Chief Underwriting Officer for EMIRATES Re and has held various senior underwriting positions in his career, particularly in Germany and the Middle East.
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VIDEO: TranssibRe Overseas aims to become a relevant contender on the European market
by Daniela GHETU, 2018-05-31
"TranssibRe Overseas' main area of expertise are the property, marine and cargo insurance lines of business, but the company is interested to expand its scope also in new directions as agricultural risks, political, aviation and financial risks or NatCat," Mikhail GRISHIN, Chairman of the Board told XPRIMM on the occasion of the 2018 edition of FIAR - The International Insurance-Reinsurance Forum.
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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
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25-27 June 2018, London, UK
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