 TOP
NEWS |
STATISTICS: BOSNIA AND HERZEGOVINA, 2008-2017: y-o-y increases on main insurance lines, MTPL dominated the market
by Cosmin CONCEATU, 2019-03-07
Bosnian insurance market grew solidly y-o-y, in terms of gross written premiums (GWP), from EUR 232 million in 2008 to EUR 349 million in 2017. Around half of premiums were brought by MTPL only. Paid claims (PC) fluctuated between EUR 95 - 136 million.
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EUROINS acquires ERGO subsidiaries in Czech Republic, Romania and Belarus
by Cosmin CONCEATU, 2019-03-07
Bulgaria-based Euroins Insurance Group (EIG) has made a purchase agreement with Germany-based ERGO International AG for buying 4 ERGO insurance companies. EIG will take control over ERGO's life and non-life subsidiaries in Romania and Czech Republic, as well as the non-life company in Belarus.
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EUROLINK Macedonia awarded for its contribution to entrepreneurship development in the Central and Southeastern Europe
by Daniela GHETU, 2019-03-07
EUROLINK Insurance, Macedonia, was awarded for its contribution to the development of entrepreneurship in Central and Southeastern Europe at the 2018 Creators for Centuries project, the company said.
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POLAND: UFG published its annual rankings of insurer data quality
by Cosmin CONCEATU, 2019-03-07
The Insurance Guarantee Fund of Poland (UFG) published its 8th annual review of data quality provided by insurance companies. According to UFG's ratings, PZU, TUW TUW, Link4, Compensa and Allianz were the top 5 insurers in 2018.
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POLAND: MAK Group and STBU brokers merge creating the first broker with over PLN 1 billion mediated premiums
by Daniela GHETU, 2019-03-07
The management boards of the MAK Group and STBU announced the two brokers will merge, creating the biggest player in the intermediation segment. In 2018, the aggregated volume of intermediated premiums exceeded PLN 1 billion, a historical record.
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VIG completes the acquisition of GOTHAER TU in Poland
by Andrei Victor, 2019-03-05
Austrian insurer VIG expanded its non-life presence on the Polish market by acquiring 100% shares of GOTHAER Towarzystwo Ubezpieczen (Gothaer TU). The transaction was closed on 28th February 2019 following approval by the local authorities.
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PAID Romania aims to declare March 4th as The National Day of Natural Disasters Awareness
by Cosmin CONCEATU, 2019-03-04
For many Romanians, 4th of March brings back the fears associated with the 1977 earthquake. On that day, 42 years ago, starting at 9:22 pm, the ground shook for 55 seconds, leaving behind one of the darkest memories from the recent history of Romania.
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EIG: The prudent approach applied in Romania, influenced the year-end group indicators
by Andrei Victor, 2019-03-05
Bulgarian financial group EUROHOLD said its revenues from insurance activity at the end of December 2018 amounted to BGN 985.3 million (EUR 503.8 million), 2% less y-o-y. The insurance operating expenses for the period under review increased by 0.6% y-o-y to BGN 924.9 million (EUR 472.9) compared to BGN 919.2 million at the end of 2017.
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SLOVAKIA: Up to 241,000 vehicles on the roads without MTPL coverage in 2018
by Cosmin CONCEATU, 2019-03-07
According to the Slovak Insurers Bureau (SKP) and Statistical Office of the Slovak Republic, there were around 241,000 motor vehicles without a valid MTPL policy on road in 2018. Through the Guarantee Fund, SKP paid for 2,706 claims as a result of accidents caused by uninsured vehicles.
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STATISTICS: TURKEY, FY2018: Insurance posted 17.4 y-o-y growth rate in local currency
by Andrei Victor, 2019-03-07
The insurance industry in Turkey posted a growth of 17.4% y-o-y in GWP to TRY 54.6 billion (EUR 9 billion) in 2018, according to preliminary data released by the Insurance Association of Turkey (TSB).
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AZERBAIJAN: according to Association of Insurers, market development will accelerate this year
by Marina MAGNAVAL, 2019-03-07
According to the Chairman of the Association of Insurers of Azerbaijan (ASA) Azer ALIYEV, thanks to newly approved insurance rules and the introduction of new voluntary types of insurance, the local market's development will accelerate this year, Trend News Agency reports.
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KAZAKHSTAN: GWP in January 2019 went up by more than 40% y-o-y
by Marina MAGNAVAL, 2019-03-07
According to the National Bank of Kazakhstan, as of February 1, 2019 total assets of the re/insurance companies amounted to KZT 1080,0 billion (+3% year-to-date).
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KAZAKHSTAN: in 2018 assets and equity of the insurers went up by more than 13% amid a decrease of GWP
by Marina MAGNAVAL, 2019-03-07
In 2018 assets of the Kazakh insurance sector increased by 13.3% y-o-y from KZT 925.34 billion to KZT 1.05 trillion, as allinsurance.kz wrote.
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RUSSIA: in 2018 compensation payments from RAMI's insolvency fund increased by almost 74% y-o-y
by Marina MAGNAVAL, 2019-03-04
According to the Russian Association of Motor Insurers (RAMI), compensation payments from the insolvency fund for the insurers that left the market, amounted to RUB 9.9 billion (+73.7% y-o-y) in 2018, as ASN wrote.
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UKRAINE: in January, 2019 MTPL increased by more than 12% y-o-y
by Marina MAGNAVAL, 2019-03-07
GWP of Ukrainian insurers (MTIBU members) in January this year went up by 12.3% to UAH 318.8 million (~EUR 10 million) y-o-y. However, total number of agreements in January decreased by 0.05%, as Foninsurer wrote.
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UZBEKISTAN: in 2018 life paid claims jumped by 337% y-o-y
by Marina MAGNAVAL, 2019-03-07
Based on the market results for 2018 life GWP were 3 times higher y-o-y and increased to UZS 417.2 billion. At that life paid claims demonstrated an extremely rapid growth (+337.1%) to UZS 264 billion, as UzReport wrote.
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GENERALI completes the sale of Worldwide and Link units
by Andrei Victor, 2019-03-05
Italian insurer GENERALI informed that it has completed the sale of its entire shareholding in GENERALI Worldwide Insurance Company Limited and GENERALI Link to Life Company Consolidation Group - LCCG.
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Arthur J. Gallagher to acquire JLT group's aerospace operations
by Andrei Victor, 2019-03-05
Marsh & McLennan (MMC) and Jardine Lloyd Thompson (JLT) agree to sell JLT's Aerospace Business to Arthur J. Gallagher. The acquisition, subject to European Commission approval, is scheduled to close this spring in connection with the closing of the JLT purchase by MMC.
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TRIGLAV Group, FY2018: 15% increase in the gross profit and growth in all insurance markets and segments
by Daniela GHETU, 2019-03-07
According to unaudited data, TRIGLAV Group booked EUR 1,068 million in GWP, 7% more y-o-y, and achieved profit before tax of EUR 97.5 million (15% up y-o-y). Premium growth was recorded in all insurance markets and segments, while the Group strengthened its leading position in the region.
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Unconfirmed rumors: AON will not buy its rival WTW
by Andrei Victor, 2019-03-07
"Re/insurance brokerage Aon in talks to buy rival Willis Towers Watson" - titled international financial media in the past days. Yesterday, AON confirmed that it does not intend to pursue a deal to acquire rival broker Willis Towers Watson.
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HANNOVER Re, FY2018: profit target achieved and rather optimistic expectations for the year-end results
by Daniela GHETU, 2019-03-07
Hannover Re has generated Group net income of EUR 1,059.5 million (EUR 958.6 million) for the past financial year and thus achieved its profit target. The Group expects net income should reach an amount in the order of EUR 1.1 billion by the end of 2019.
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Region's leading cyber insurance summit returns to Singapore this July
by Adina TUDOR, 2019-03-07
Taking place in Singapore, from 23-26 July 2019, the 4th Cyber Insurance Summit, supported by XPRIMM Publications as Media Partner, aims to discuss some of the most prominent Developments and Opportunities driving the Cyber Insurance industry across Asia.
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The 2nd International Insurance and Reinsurance Congress to be held in Moscow on April 10-12, 2019
by Marina MAGNAVAL, 2019-03-05
The Congress organized under the title "Global Objectives 2019", with the support of the All-Russian Insurance Association, will combine two events, as a year before: the Insurance Conference and the 23rd Annual Reinsurance Conference.
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| TOP
EVENT |
Motor insurance - becoming more financially efficient and consumer friendly
by team, 2019-03-07
Under the strong pressure put by the technological evolution, the motor insurance business is rapidly changing, both in operational terms and, most visible, in the way insurers are interacting with their customers. Step by step, the insurers' relationship with customers evolves from simply indemnifying insureds for the losses suffered because of road incidents, to helping them prevent incidents and rapidly recover after the accidents that couldn't be avoided.
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| Markets & Trends |
| On the move |
AON, 2019 Cyber Security Risk Report: "With great opportunity comes great risk"
by Cosmin CONCEATU, 2019-03-07
The current global tendency is to shift physical assets to digital; material archives are moved to hard drives or cloud storage, from retail stores to online platforms. On February 2019, AON released a report on cyber risks that significantly threaten modern business' activity.
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JUNGSTHOFEL and WARKENTIN have been appointed to the Management Board of HDI Service AG
by Andrei Victor, 2019-03-07
German insurer TALANX Group announced it provides greater integration of HDI Service AG, responsible for Human Resources, Internal Services, Purchasing and Accounting, with the operating divisions in Germany.
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New appointments made inside AXA CZ & SK
by Cosmin CONCEATU, 2019-03-07
Starting with March 2019, AXA Group will have a new Chief Risk Officer and a new Chief Technical Insurance Officer operating inside Czech Republic and Slovakia. The changes are waiting for regulator's approvals.
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Arkadiusz GESICKI, appointed managing Director for Business Development at PZU
by Daniela GHETU, 2019-03-07
Arkadiusz GESICKI was appointed managing Director for Business Development at PZU, responsible for the Strategy and Design Office and the Business Development Office.
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AVIVA appoints its International Insurance CEO, Maurice TULLOCH, to the top executive position
by Daniela GHETU, 2019-03-05
Aviva plc ("Aviva") announced Maurice TULLOCH will become Chief Executive Officer with effect from today, 4 March 2019.
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HANNOVER Re appointed Silke SEHM to Executive Board
by Andrei Victor, 2019-03-07
The Supervisory Board of HANNOVER Re has appointed Silke SEHM as a full member of the Executive Board with immediate effect. She succeeds Jurgen GRABER, who passed away unexpectedly on 9 November 2018.
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| STATISTIC
UPDATES |
| EVENTS |
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
II International Insurance-Reinsurance Congress
10-12 April 2019, Radisson Hotel, Moscow, Russia
FIAR 2019 - International Insurance Reinsurance Forum
19 - 22 May 2019
Sinaia, Romania |
| CURRENT
XPRIMM REPORTS |
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