 TOP NEWS |
Albania: Insurance market on positive track after the first five months of the year
by Daniela GHETU, 2018-07-05
GWP written for the first five months (January to May) 2018 by Albanian insurers amounted to over ALL 6,277 million, or 3.01% more y-o-y, while the number of related insurance contracts reached to 462,260 with an increase of 7.30% y-o-y, Albanian FSA data show.
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A.M. Best Affirms Credit Ratings of Bosna Reosiguranje d.d. Sarajevo
by press.release, 2018-07-05
A.M. Best has affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of "bbb-" of Bosna Reosiguranje d.d. Sarajevo (Bosna Re) (Bosnia and Herzegovina [BH]). The outlook of these Credit Ratings (ratings) remains stable.
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Bulgaria: Bonus-Malus system one step closer to implementation
by Daniela GHETU, 2018-07-05
Ernst & Young, the Bulgarian Financial Supervision Commission's consultant on the bonus-malus system introduction for the MTPL insurance has submitted its final report, presenting no less than 11 possible scenarios for the system's design.
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EUROHOLD to buy the remaining minority stake in EIG
by Andrei Victor, 2018-07-04
The Bulgarian financial group EUROHOLD has reached an agreement with South Eastern Europe Fund L.P. (SEEF), to buy out SEEF's entire participation in EUROINS Insurance Group (EIG), which currently stands at 10.64% on a fully diluted basis.
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Macedonia: Memorandum of Cooperation with the Turkish insurance market's authority signed in Skopje
by Daniela GHETU, 2018-07-05
On July 2, a Memorandum of Cooperation between the Macedonian Insurance
Supervision Agency and the Regulatory Authority for Insurance
Supervision of Turkey was signed in Skopje, by Mr.Klime POPOSKI,
President of the Council of Experts (Macedonia) and Ahmet GENK, Vice
President (Turkey).
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Romania: mutual insurers one step closer to become reality
by Daniela GHETU, 2018-06-29
On 28 June the Romanian Government has approved the draft Law on Mutual Insurance Companies, which will be shortly sent to the Parliament for debates and approval.
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FLOOD Re will reduce premiums it charges to insurers, for the first time, in 2019
by Daniela GHETU, 2018-07-04
FLOOD Re's results for the year ended 31 March 2018 show a profit before tax of GBP 134 and GWP of GBP 32 million. For the first time, FLOOD Re will reduce the premiums it charges to insurers from the start of 2019.
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Fitch Affirms Swiss Re's IFS at 'AA-'; Outlook Stable
by press.release, 2018-07-05
Fitch Ratings has affirmed Swiss Reinsurance Company Limited's (Swiss Re) Insurer Financial Strength (IFS) Rating at 'AA-' (Very Strong) and Long-Term Issuer Default Rating (IDR) at 'A+'. Fitch has also affirmed the ultimate holding company Swiss Re Ltd.'s IDR at 'A'. The Outlooks are Stable.
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GENERALI Deutschland will sell 89.9% of GENERALI Leben to VIRIDIUM
by press.release, 2018-07-05
The Board of Directors of Assicurazioni GENERALI and the Supervisory Board of GENERALI Deutschland have entered into an agreement to sell the majority stake of GENERALI Leben to VIRIDIUM Gruppe, a leading specialist for the management of life insurance portfolios in Germany.
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GENERALI increases stake in FUTURE GENERALI insurance ventures in India
by Andrei Victor, 2018-07-04
GENERALI Group announced that it has signed an agreement with FUTURE Group to increase its stake in its insurance ventures in India to 49% from 25.5%, underscoring its commitment to growing its presence in the local insurance market.
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Swiss Re will not provide re/insurance to businesses with more than 30% thermal coal exposure
by press.release, 2018-07-02
Today, Swiss Re starts the implementation of its thermal coal policy announced in June 2017. Under the coal policy, Swiss Re will not provide re/insurance to businesses with more than 30% exposure to thermal coal across all lines of business.
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Fitch Ratings has today affirmed SCOR and Swiss Re at IFS 'AA-'; Outlook Stable.
by press.release, 2018-07-05
Fitch Ratings has affirmed today SCOR SE's (SCOR) Insurer Financial Strength (IFS) Rating at 'AA-' (Very Strong) and Long-Term Issuer Default Rating (IDR) at 'A+'. Fitch has also affirmed the ratings of SCOR's core operating subsidiaries. The Outlooks are Stable.
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Deutsche Ruck maps out the future of life insurance: a look back at Disrupt.me!
by press.release, 2018-06-29
Deutsche Ruckversicherung AG, jointly with startup incubator STARTPLATZ
and its partners ECODYNAMICS and Protostart, held a Disrupt.me! day on 6
June 2018, as part of InsurTech Week in Cologne.
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LOCKTON: 9.9% y-o-y growth in fiscal 2018 confirms once again the trend followed throughout the last 52 years
by Daniela GHETU, 2018-07-02
Lockton posted record revenue of USD 1.57 billion in its recently
completed fiscal 2018, a 9.9% increase above fiscal 2017. This is the
52ndconsecutive year of revenue growth for Lockton, the company said.
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AXA and BlaBlaCar developed the first insurance offer for ride-sharers
by Andrei Victor, 2018-07-04
AXA and BlaBlaCar have jointly developed BlaBlaSure, an insurance offer for ridesharers. This novel annual car insurance offer will be available to BlaBlaCar members who own a car registered in France.
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STATISTICS: UKRAINE, Q1 2018 result: paid claims increased y-o-y by 35%
by Marina MAGNAVAL, 2018-07-04
For the 1st quarter Ukrainian insurers generated UAH 11.6 billion of GWP (+6.63%) and paid UAH 3.17 billion of claims (+35.15%), according to the data, published by the National Commission for financial service market regulation.
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UKRAINE: strong premiums increase on the motor third party liability insurance lines
by Marina MAGNAVAL, 2018-07-04
For the period from January to April this year local insurers-member of the Motor (Transport) Insurance Bureau of Ukraine (MTIBU) increased MTPL GWP, compared to the same period a year ago, by 17.2% to UAH 1.39 billion.
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UKRAINE: S&P improved the national scale rating of Ukraine to "uaBBB"
by Marina MAGNAVAL, 2018-07-04
The international rating agency Standard&Poors improved the long term national scale rating of Ukraine from "uaBBB-" to "uaBBB" due to review of rating criteria.
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RUSSIA: Russian National Reinsurance Company paid dividends for first time
by Marina MAGNAVAL, 2018-07-04
The sole shareholder of RNRC (Russian National Reinsurance Company) - Bank of Russia approved the annual report for 2017 and made a decision on net profit distribution, as informed on the website of RNRC.
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RUSSIA: ARIA became a member of the created Association of developers and users of artificial intellect in medicine
by Marina MAGNAVAL, 2018-07-05
All-Russian Insurance Association (ARIA) became a member of the newly created Association of developers and users of artificial intellect in medicine - "National base of medical knowledge".
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RUSSIA: Ministry of Finance requested the Association of Professional Insurance Brokers to focus on settlements in RUB in foreign economic operations
by Marina MAGNAVAL, 2018-07-05
Russian Ministry of Finance requested the Association of Professional Insurance Brokers to perform settlements in rubles in foreign economic operations, thus reducing currency risks related to use of USD and EUR given the unpredictable situation caused by international sanctions.
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BELARUS: insurance market's growth during 4 months this year totaled 18.9%
by Marina MAGNAVAL, 2018-07-02
Belarusian insurance market during January-April 2018 increased by 18.9% compared to the same period a year ago. During the first four months local insurers generated BYN 402.2 million*, said the Ministry of Finance of Belarus.
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KAZAKHSTAN: gross premiums decline, life insurance is growing - show 5 months' result
by Marina MAGNAVAL, 2018-07-04
Data for 5 months, published by the Kazakh National Bank, show growth slowdown of the insurance market, wrote the portal allinsurance.kz.
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KAZAKHSTAN: EURASIA, NURPOLICY and Kommesk-Omir paid over KZT 3.3 billion under mandatory MTPL this year
by Marina MAGNAVAL, 2018-07-04
According to the National Bank of Kazakhstan for 5 months this year paid claims under mandatory civil liability of car owners of the 3 leading insurers in this class (EURASIA, NURPOLICY, Kommesk-Omir) exceeded KZT 3.3 billion, wrote the portal allinsurance.kz.
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A.M. Best Affirms Credit Ratings of Eurasia Insurance Company JSC
by press.release, 2018-07-04
A.M. Best has affirmed the Financial Strength Rating (FSR) of B++ (Good)/(stable outlook) and the Long-Term Issuer Credit Rating (Long-Term ICR) of "bbb+" (negative outlook) of Eurasia Insurance Company JSC (Eurasia) (Kazakhstan).
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GEORGIA: ALPHA is leading motor insurance based on Q1 result
by Marina MAGNAVAL, 2018-07-05
According to the Insurance Supervisory Authority of Georgia, after the 1st quarter this year insurer ALHPA is leading the motor insurance sector.
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UZBEKISTAN: over the next 5 years the share of life insurance may reach 50%
by Marina MAGNAVAL, 2018-07-04
According to the data of the Ministry of Finance of the Republic, Uzbek insurance market demonstrated in the 1st quarter a very high growth rate compared to the previous quarters.
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UPDATES |
| ON THE MOVE |
VIG: Changes in the Management Board: Peter THIRRING joins the team, Liane HIRNER becomes CFO
by Daniela GHETU, 2018-07-02
Vienna Insurance Group (VIG) announced today some changes in its
Managing Board: Peter THIRRING joins the VIG management team on 1 July,
and at the same time, Liane HIRNER takes the position of Chief Financial
Officer (CFO).
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UPDATE: Inga BEALE to leave Lloyd's in 2019
by Daniela GHETU, 2018-07-04
Lloyd's has confirmed on 29 June Dame Inga BEALE's departure. She will step down next year after leading the global insurance and reinsurance market for five years, at a date that will be confirmed in due course.
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JLT FAC expands global team
by Andrei Victor, 2018-07-04
JLT FAC, part of JLT Re, a global provider of reinsurance broking and consultancy has appointed two senior executives in London and its U.S. team.
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Ralf WIEMERS will head the newly opened Swiss Re Corporate Solutions office in Hamburg
by Daniela GHETU, 2018-07-04
Swiss Re Corporate Solutions has opened an office in Hamburg, Germany, to grow its regional commercial insurance portfolio. Ralf WIEMERS, who joined the company on 1 July as Senior Client Manager and Head Hamburg Office, will lead the new operation.
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Liberty Specialty Markets rebrands its reinsurance division and appoints Massimiliano FANTINI to head its newly created Italian division
by Daniela GHETU, 2018-07-05
Massimiliano FANTINI will head the newly established Italian operation
of Liberty Mutual Re, the rebranded reinsurance division of Liberty
Specialty Markets.
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Global Insurance Forum - The Innovation Transformation
8 - 11 July, 2018 Berlin
9th Bancassurance Asia Summit 2018
14 - 17 august 2018 Bangkok, Thailanda
4th Annual Conference Insurance in a Digital Future
13 September 2018, Ljubljana - Slovenia
Les Rendez-Vous de Septembre
8-13 September, 2018, Monte-Carlo
2nd Edition IFRS 17 Implementation in Life Insurance
13-14 September 2018, London, United Kingdom
XVIII International Finance Forum
12-15 September 2018, Odessa, Ukraine
Insurance Product Development Masterclass 2018
18-20 September 2018, Johannesburg, South Africa
Operational & Process Excellence (OPEX Central Europe) Summit 2018
19 - 21 September 2018, Prague, Czech Republic
1st National Reinsurers Summit "National Reinsurers: Focus on global cooperation"
September 20-21, 2018, Sheraton Palace Hotel, Moscow, Russian Federationze="1"
IBF - INSURANCE BUSINESS FORUM
24-28 September 2018, Swissotel Kamelia, Sochi, Russia
Insurance Conference - Republic of Moldova
2 October 2018, Radisson Blu Leogrand Hotel |
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