 TOP
NEWS |
STATISTICS: POLAND, 2008-2017 timeline: motor lines took over the trendsetter role after 2015
by Daniela GHETU, Cosmin CONCEATU, 2018-12-13
As the XPRIMM 10 years GWP timeline for Poland shows, the local insurance market needed about 10 years to regain and exceed its pre-crisis level: GWP of EUR 14.95 billion in 2017 vs. EUR 14.2 billion in 2008.
 More
POLAND: insurance brokers have mediated GWP of EUR 1.7 billion in 2017
by Daniela GHETU, 2018-12-13
The total number of insurance brokers licensed in Poland at the end of 2017 was of 1,416. Throughout the year, 34 deletions from the register of insurance brokers were made, a Polish Financial Supervision Authority's Report on the condition of the brokerage market in 2017 shows.
More
STATISTICS: HUNGARY: Insurers' 3Q net profit was up to EUR 180 million
by Andrei Victor, 2018-12-12
Hungarian insurers reported 3Q 2018 aggregate GWP up by 9.2% y-o-y to HUF 777 billion (EUR 2.4 billion), according to the market data published by the National Bank of Hungary (MNB).
More Продолжение
MACEDONIA, 2008-2017 timeline: life insurance premiums quadrupled, reaching a 16% portfolio share
by Daniela GHETU, Cosmin CONCEATU, 2018-12-13
The Macedonian insurance market recorded a constant ascendant trend during the last decade, with GWP increasing between 2008 and 2017 by about 40%. Yet, as the life insurance sector gained more relevance in the recent years, its contribution to the market growth became more visible.
More
LITHUANIA: decreasing prices for all types of transport insurance
by Daniela GHETU, 2018-12-13
In 3Q2018, prices of compulsory MTPL insurance scaled down, while the entire insurance market grew by 13%. Having come into force in October, significant amendments have strengthened consumer protection within the insurance market, Bank of Lithuania stated in a press release.
More
Aegon: Hungarian homeowners fear most fire and burglary damages
by Daniela GHETU, 2018-12-13
Although pipe bursts and storms are the risks causing each about one
third of the housing insurance claims in Hungary, it seems people fear
most fire damage and burglary, the latest edition of the Aegonʼs Great
Home Test (Nagy Lakasteszt) shows.
More
Adriatic Slovenica's takeover by Generali greenlighted by the EC
by Daniela GHETU, 2018-12-13
The European Commission has greenlighted the takeover of insurer Adriatic Slovenia by Generali CEE, an affiliate of Italy's Generali Group, the world's third largest insurer, STA reports. According to the Commission, the deal does not affect the competition on the relevant markets.
More
GENERALI introduces signature per face ID - first insurer in Austria to use face recognition
by Daniela GHETU, 2018-12-13
GENERALI insurance introduces the innovative advancement of the mobile phone signature, being the first insurer in Austria to adopt this innovate and user-friendly way of signature or authentication.
More
S&P's confirms "A+" rating for DEUTSCHE Ruck
by Mihaela CIRCU, 2018-12-10
The rating agency STANDARD & POOR's (S&P's) has confirmed its "A+" rating for the DEUTSCHE Ruck Group. The outlook remains "stable".
More
Book your seat at the 10th Bancassurance Africa Summit 2019!
by Adina TUDOR, 2018-12-12
In the coming consolidated world of financial services, Bancassurance has quickly gained popularity in Africa as both banks and insurers recognize the need for partnerships in an increasingly competitive market.
More
Bancassurance Asia Masterclass 2019 offers a complete guide to setting up, planning and executing a successful Bancassurance strategy
by Adina TUDOR, 2018-12-12
Bancassurance has proved to be an effective distribution channel for Insurance/Reinsurance companies and has become extremely profitable for the bank's Retail banking / Consumer banking / Wealth management / Insurance business segment.
More
US wildfire costs to exceed USD 10 billion for second year running
by Andrei Victor, 2018-12-12
According to the most recent Global Catastrophe Recap report launched by AON's Impact Forecasting team for November 2018 - the annual wildfire industry payouts is expected to exceed USD 10 billion for the second consecutive year in the United States.
More
AM Best affirms credit ratings of KOREAN Reinsurance Company
by press.release, 2018-12-13
AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of "a" of Korean Reinsurance Company (KRE) (South Korea). The outlook of these Credit Ratings (ratings) is stable.
More
STATISTICS: GEORGIA, 3Q2018: paid claims for property insurance increased by 425%, amounting to as much as half of premiums written for this line
by Marina MAGNAVAL, 2018-12-12
For 9 months this year Georgian insurers generated GEL 417.19 million of GWP (EUR 137.66 million), which in local currency is 20.67% more y-o-y. Paid claims for the same period increased by 26.71%, as the data published by the Insurance Supervisory Office of Georgia show.
More Продолжение
RUSSIA: GWP growth on the property insurance line slowed down in the third quarter
by Marina MAGNAVAL, 2018-12-13
According to the statistical data published by the Bank of Russia, GWP of property insurance for 3Q this year amounted to RUB 273.8 billion (+2.3% y-o-y), while paid claims reached RUB 107.3 billion (+1.5%). The share of paid claims in premiums remained the same as a year ago (39.2%).
More Продолжение
KAZAKHSTAN: paid claims by the six biggest insurers account for over 57% of the market, 10 months statistics show
by Marina MAGNAVAL, 2018-12-12
GWP as of the end of October amounted to KZT 317.7 billion (+1.9% y-o-y), according to Ranking.kz, as Allinsurance.kz informed. Paid claims throughout the same period increased by 9.9% y-o-y, to KZT 77.9 billion
More Продолжение
KAZAKHSTAN: motor insurance accounts for over 30% of the market portfolio, while about a quarter of all vehicles in the country are not insured
by Marina MAGNAVAL, 2018-12-12
Motor insurance lines in Kazakhstan (compulsory MTPL and Motor Hull conjunctively) account for over 30% in the market non-life portfolio, according to the 10 months results; at that about 24% of the registered vehicles are not insured, as Allinsurance.kz wrote.
More Продолжение
UKRAINE: 21% increase in GWP both for MTPL and Green Card for January-October
by Marina MAGNAVAL, 2018-12-12
MTPL GWP of Ukrainian insurers-members of MTIBU for 10 months this year went up by 21.4% y-o-y and reached UAH 3.7 billion, according to the data of MTIBU.
More Продолжение
|
| PRESS
CUTTINGS |
|
| INTERVIEW |
 Zoran BLAGOJEVIC
CEO
Wiener Staedtische, Belgrade
by Daniela GHETU, 2018-12-13
Our legislation needs to be harmonised with the EU regulations and make it possible for our market to safely make two big steps: liberalisation of MTPL prices and increase limits for damage payments. These are going to be great challenges for the Serbian insurance market because we see that limits are constantly growing in the EU due to growing salaries and higher health care costs. […] The MTPL market liberalisation needs to happen in such a way that the insurers are able to cover the risks. The process we are facing is certainly going to test us all but I personally expect the insurers to act responsibly.
More |
| On the move |
MERCER to name Bala VISWANATHAN Chief Operating Officer
by Andrei Victor, 2018-12-12
MERCER, the consulting subsidiary of MMC - Marsh & McLennan Companies, announced that Bala VISWANATHAN, CEO of Jardine Lloyd Thompson Group plc (JLT) UK & Ireland Employee Benefits, will join MERCER as Chief Operating Officer.
More
Sylva de FLUITER takes over as head of UNIQA Re AG
by Andrei Victor, 2018-12-12
Sylva de FLUITER will take over as head of UNIQA Re AG in Zurich as of 1 January 2019, the Austrian group announced. Until year end she will work hand in hand with long-time Managing Director Hans Uwe MULLER, who will retire after 14 years at UNIQA Re.
More
AON appoints Lisa STEVENS as Global EVP of AON United Operations
by Andrei Victor, 2018-12-12
Aon - one of the largest insurance broker in the world announced the appointment of Lisa STEVENS as Global Executive Vice President of AON United Operations.
More
AIG Life announces new UK CEO
by Andrei Victor, 2018-12-13
AIG U.K. Life Ltd. announced the appointment of Philip WILLCOCK - the former CEO of AVIVA's Indonesian and Italian ventures - as CEO, subject to regulatory approval, effective March 1, 2019. He will be based in London and will report to Adam WINSLOW, CEO, International, Life & Retirement.
More
SCOR Global Life announced new leadership for newly combined teams
by Andrei Victor, 2018-12-13
SCOR Global Life, a division of the French based reinsurer, has announced the leadership structure for its newly combined Global Markets and Client Solutions teams.
More |
| STATISTIC
UPDATES |
| PARTNER
EVENTS |
IFRS 9 After Implementation In-House Training
Date, venue & schedule - chosen by the applicants
10th Bancassurance Africa Summit 2019
12 - 15 February 2019
Cape Town, South Africa
IIF 2019 - Actuarial Trends in the SEE Region
28 February 2019,
Skopje, Macedonia
Georgian International Insurance Conference
14 - 15 March 2019,
Tbilisi, Georgia
IIF 2019 - MOTOR Insurance Conference
8 April 2019
Bristol Hotel, Vienna, Austria
IIF 2019 - Property Conference
9 April 2019
Bristol Hotel, Vienna, Austria
European Consumer Protection Conference
17 May 2019
Intercontinental Hotel, Bucharest, Romania
FIAR 2019 - International Insurance Reinsurance Forum
19 - 22 May 2019
Sinaia, Romania |
| CURRENT
XPRIMM REPORTS |
|
