 TOP
NEWS |
STATISTICS: ALBANIA: Paid claims and indemnities expanded by a quarter during 2018
by Andrei Victor, 2019-01-30
The Albanian insurance industry totaled over ALL 16.19 billion (~EUR 136.7 million) at the end of 2018, or 4.7% more y-o-y. The number of issued insurance contracts reached 1,309,143 showing a y-o-y increase of 5.89%, according to data published by the Albanian Financial Supervisory Authority (AFSA).
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BULGARIA: MTPL insurers' contribution to the motor Guarantee Fund raised by BGN 2 per policy
by Cosmin CONCEATU, 2019-01-30
Bulgarian FSC (Financial Supervision Commission) has raised the fixed amount of contribution that Bulgarian insurers have to transfer to the Guarantee Fund for each MTPL contract issued, as a followup to the December 20th discussion when the Commission initially talked about a possible change in the amount of contribution.
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STATISTICS: CROATIA: Insurance market maintained its growth by the end of 2018
by Andrei Victor, 2019-01-30
The gross written premiums of Croatian insurers totaled HRK 9.9 billion (EUR 1.3 billion) last year, up by 8.8% y-o-y, official figures show. The highest contribution to this positive evolution came from the life insurance segment and from the motor insurance lines.
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MONTENEGRO: Insurance market is stable and has great development prospects, as the preliminary 2018 data show
by Marina MAGNAVAL, 2019-01-31
On January 30, 2019 Representatives of the Insurance Supervision Agency and the National Bureau of Montenegro Insurers (NBMI) had a meeting, during which it was agreed that the Montenegrin insurance market is stable and has great development prospects, according to the press release of the supervisor.
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TURKEY: Insurers' profitability may be maintained despite the current currency crisis
by Daniela GHETU, 2019-01-31
A stagflation scenario is a highly probable in Turkey and the non-life insurance market will be impacted. On the other side, due to inflation and higher interest rates, insurers will also see higher investment income, Yilmaz YILDIZ, CEO of Zurich Insurance Turkey told the World Finance quarterly.
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Bupa completes acquisition of Acıbadem Sigorta, Turkey's second largest health insurer
by Daniela GHETU, 2019-01-31
Bupa, the international healthcare company, announces it has completed the acquisition of Acıbadem Sigorta, Turkey's second largest health insurer.
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Vienna Insurance Group's first internal start-up launched
by Daniela GHETU, 2019-01-31
Vienna Insurance Group (VIG) has launched its first internal corporate start-up, the "viesure innovation center" (viesure). Managed by VIG's largest Group company, Wiener Stadtische Versicherung, the new company will focus on emerging trends in customer service.
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EIOPA calls for improvements to the assessment of the propriety of board members and qualifying shareholders of insurance companies
by Andrei Victor, 2019-01-30
The European Insurance and Occupational Pensions Authority (EIOPA) published the findings of its peer review examining how national competent authorities (NCAs) assess the propriety of administrative, management or supervisory body (AMSB) members and qualifying shareholders.
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Marsh & McLennan Agency to acquire Bouchard Insurance
by Andrei Victor, 2019-01-30
Marsh & McLennan Agency, the middle market agency subsidiary of Marsh, announced that it has reached agreement to acquire Clearwater, Florida-based Bouchard Insurance, a leading full-service agency in Florida.
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ALLIANZ to expand its footprint in Asia by entering the Vietnam's non-life market
by Andrei Victor, 2019-01-30
ALLIANZ announced its intention to enter the general insurance sector in Vietnam through a digital joint venture (JV) to be set up with the FPT Group - "driving long-term success in the market and expanding ALLIANZ's footprint in Asia".
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The AXA Group has launched a new entity, AXA Next
by Cosmin CONCEATU, 2019-01-31
On January 1st, 2019, AXA launched "AXA Next", an entity which is expected to bring new services and insurance coverage for AXA customers, speeding up the pace of innovation for the French group to become a true partner for its customers rather than a payer of claims.
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ZURICH announces winners of its inaugural global InsurTech competition
by Daniela GHETU, 2019-01-31
Chisel AI is the Gold winner in the first ZURICH Innovation World Championship for its work that aims to improve processing of unstructured data sources using AI technology, ZURICH Insurance Group announced. Zesty.ai was the Silver winner, and LifeNome and Soldier.ly were named shared Bronze winners.
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CIS: according to A.M. Best the regional insurers navigate geopolitical instability and regulatory changes
by Marina MAGNAVAL, 2019-01-30
According to the Ratings Review of A.M.Best dated January 24, 2019, CIS insurers work under geopolitical instability and their environment is quite volatile.
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ARMENIA: Universal health insurance fund to go live from 2021, based on Estonian experience
by Marina MAGNAVAL, 2019-01-30
From 2021 a Universal health insurance fund will start operations within the frame of the phased introduction of the compulsory health insurance (CHI) system, as Arsen TOROSYAN, the Health minister of Armenia, announced.
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STATISTICS: AZERBAIJAN, FY2018: market result denominated in euro saw an impressive growth, of over 36%
by Marina MAGNAVAL, 2019-01-30
In 2018 Azeri insurers generated GWP in the amount of almost AZN 728 million (+30.7% y-o-y), data published by the Financial Market Supervisory Authority of Azerbaijan (FIMSA) show. In European currency, thanks to the Azeri Manat appreciation against Euro, the market results look much more impressive (+36.36% y-o-y growth).
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STATISTICS: KAZAKHSTAN, FY2018: non-life dropped by almost 3%, while life keeps strengthening
by Marina MAGNAVAL, 2019-01-30
For 2018 Kazakh market increased by about 4%, total GWP amounted to KZT 384.8 billion (EUR 875.9 million). However, data denominated in European currency saw an opposite trend, showing a market decline by 5.77%, as statistical figures of the National Bank of Kazakhstan show.
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RUSSIA: RNRC paid the biggest loss in the history of military cargo insurance in the country
by Marina MAGNAVAL, 2019-01-31
Total amount of the insurance indemnity paid by the Russian National Reinsurance Company (RNRC) for the damaged military cargo already reached RUB 3.5 billion (~EUR 46 million)*, which makes this loss the biggest and unique in the whole history of military cargo insurance in the country, as ASN wrote.
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RUSSIA: MTPL GWP in 2018 remained unchanged y-o-y, while paid claims dropped by 21% as the preliminary data show
by Marina MAGNAVAL, 2019-01-31
In 2018 the total number of MTPL policies increased by 2%, according to the preliminary data, however, GWP of the class remained at the level of 2017, as ASN informed.
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RUSSIA: national rating of SBERBANK Insurance confirmed at ruAA+
by Marina MAGNAVAL, 2019-01-31
The national rating agency Expert RA confirmed the rating of SBERBANK Insurance at ruAA+, at that the outlook was changed from stable to positive, reports ASN.
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TAJIKISTAN: two insurers established in January 2019
by Marina MAGNAVAL, 2019-01-30
In January this year the National Bank of Tajikistan has granted operating licenses to two new insurance companies - MEHRUBON and Tajik-Chinese Insurance.
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| On the move |
Ante ZIGMAN (HANFA) was elected as member of EIOPA Madiation Panel
by Cosmin CONCEATU, 2019-01-31
Ante Zigman, the President of Management Board from HANFA (Croatian Financial Services Supervisory Agency) was elected as member of EIOPA Mediation Panel. The Mediation Panel is responsible to mediate and resolve in an impartial manner the disputes between national competent authorities.
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EIOPA elects Patrick MONTAGNER as new member of its Management Board
by press.release, 2019-01-31
Today, the Board of Supervisors of the European Insurance and Occupational Pensions Authority (EIOPA) elected, effective immediately, Patrick MONTAGNER as a new member of EIOPA's Management Board.?
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AXA appointed Ulrike Decoene as Group Head of Communicationsand Brand
by Cosmin CONCEATU, 2019-01-31
AXA announced the appointment of Ulrike DECOENE, currently Chief of
Staff to Thomas Buberl, CEO of AXA, as Group Head of Communications and
Brand of AXA. In her new role, she will continue to report to Thomas
Buberl.
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Lloyd's appoints former US Senator as new member of the Council
by Andrei Victor, 2019-01-30
Lloyd's announced the appointment of former United States Senator John SUNUNU as a new member of its Council for a three-year term, beginning February 6, 2019.
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AIG Appoints Global Head of Accident & Health
by Andrei Victor, 2019-01-30
American International Group announced the appointment of Edward LEVIN as Global Head of Accident & Health, General Insurance.
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Gunther SAACKE to step down as CEO of QATAR Re
by Andrei Victor, 2019-01-30
Gunther SAACKE has informed the BoD of QATAR Re of his intention to step down as CEO of the reinsurer at the next Board meeting, scheduled for March.
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| TOP
EVENT |
| INTERVIEW |
 Michael HAAS
Head L&H Austria, Austria and CEE
Swiss Re
by Daniela GHETU, 2019-01-31
Different cancer products are now available in many CEE countries and we continuously launch new concepts. Generally, we are happy to see that in some markets cancer insurance became even a standard product that everyone should have bought. We are very proud that Swiss Re could already help many people suffering from cancer.
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| SPECIAL TOPIC |
FIAR 2019: Register before 28 February and save EUR 400 of the attendance fee
by Daniela GHETU, 2019-01-31
To the satisfaction of its traditional guests, FIAR returns in 2019 to its historical hometown, Sinaia. The forthcoming edition will benefit from the comfort and professional facilities of a new venue, the Conference Center of the International Hotel ****, located in the heart of the beautiful mountain resort.?Registration is opened at a significantly discounted early bird rate until 30 January.
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| STATISTIC
UPDATES |
| 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 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
XIII International Conference "Insurance in Central Asia"
9-10 April 2019, InterContinental Hotel, Almaty, Kazakhstan
II International Insurance-Reinsurance Congress
10-12 April 2019, Radisson Hotel, Moscow, Russia
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 |
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