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NEWS |
VIG aims to use strong capitalisation as basis for growth
by Cosmin CONCEATU, 2019-04-17
With the publication of 2018 Group Annual Report, Vienna Insurance Group (VIG) has confirmed the preliminary results, announced on 21 March 2019. The Group intends to use its strong capitalisation (solvency ratio of 239%) to achieve further growth.
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EUROHOLD to start exclusive talks to buy Bulgarian assets of CEZ
by Andrei Victor, 2019-04-18
Bulgarian financial holding EUROHOLD - the owner of insurer EIG - Euroins Insurance Group reported in a press release that it is entering exclusive talks to buy the assets in Bulgaria of CEZ.
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STATISTICS: SERBIA, FY2018: Top 3 largest insurers accounted for more than 60% of total market
by Andrei Victor, 2019-04-18
Serbian insurance market ended 2018 with GWP worth EUR 845 million, up 7.6% y-o-y, a result supported mainly by the non-life insurance side, which saw an 8.5% increase to EUR 644 million.
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SLOVENIA: COFACE acquires SID - PKZ
by Cosmin CONCEATU, 2019-04-17
Coface announced on April 15th the acquisition of Slovenian SID - PKZ, one of the insurance market leaders, with a strong position in credit insurance. Coface has acquired all SID - PKZ shares and the business will operate under the new name - Coface PKZ.
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STATISTICS: BELARUS, FY2018: the market grew by more than 14%
by Marina MAGNAVAL, 2019-04-18
In 2018, total market GWP reached BYN 1,226.04 million (EUR 495.69 million), which is 14.57% more y-o-y, according to figures published by the Ministry of Finance of the Republic. Market growth in Euro looks much more moderate (9.10%).
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KAZAKHSTAN: S&P: life insurance may increase 15-20% in 2019
by Marina MAGNAVAL, 2019-04-18
"Life insurance in Kazakhstan may grow by 15-20% in 2019, while non-life may remain at the level of 2018, or even decrease in real terms," S&P believes, according to Ekaterina TOLSTOVA, deputy director of the international rating agency.
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RUSSIA: loss portfolio of RNRC amounted to RUB 4.3 billion in 2018
by Marina MAGNAVAL, 2019-04-18
The Russian National Reinsurance Company published its report on the loss portfolio for 2018, according to which the losses in 2018 amounted to RUB 4.3 billion.
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UKRAINE: MTPL GWP for Jan-Feb grew by 18% y-o-y
by Marina MAGNAVAL, 2019-04-17
In 2019, between January and February, the total MTPL GWP of insurance companies, members of MTIBU (Motor Transport Insurance Bureau of Ukraine), increased by 18.12% y-o-y, reaching UAH 661.44 million (~EUR 21.57 million), Forinsurer reports.
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UKRAINE: S&P affirmed Ukraine at -/B, outlook stable
by Marina MAGNAVAL, 2019-04-18
On April 12, 2019 S&P Global Ratings affirmed a 'B-/B' long- and short-term foreign and local currency sovereign credit ratings for Ukraine, the outlook remains stable, stated the agency's report.
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CCN Aviation's global expands to the Indian market
by Daniela GHETU, 2019-04-18
FlightClaimEU, part of Claims Corporation Network - CCN's Group aviation activity that supports, advises and assists passengers in case of a flight disruption, expands its global footprint to India, the Group has announced.
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Swiss Re shareholders approved increase in regular dividend, new public buy-back programme and re-elected all proposed Board members
by press.release, 2019-04-18
Swiss Re's shareholders approved all proposals put forward by the Board of Directors at its Annual General Meeting (AGM).
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Swiss Re: 2018 Financial Condition Report
by press.release, 2019-04-18
Swiss Re published today, 18 April 2019, the 2018 Financial Condition Report for the Swiss Re Group and regulated re/insurance legal entities domiciled in Switzerland for the reporting period ended 31 December 2018.
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SCOR: April 2019 P&C renewal results reaffirm the positive trends observed in January
by press.release, 2019-04-18
At the April 1, 2019, renewals, SCOR Global P&C grew gross written premiums by 9.6% at constant exchange rates to EUR 548 million, while benefitting from broadly improving market conditions. This result confirms the positive trends observed in January.
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CCR: 2018 Financial Position Report
by Cosmin CONCEATU, 2019-04-18
In 2018, CCR group's consolidated premium income was EUR 1,371 million, with consolidated net income of EUR 132 million. CCR RE contributed EUR 35 million to the Group consolidated income, while CCR contributed EUR 147 million.
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VMSolution and FRISS partnership enables fast claims process
by Daniela GHETU, 2019-04-18
VMSolution, a start-up specializing in automation and risk calculation for motor vehicle insurance, and FRISS, the global supplier of risk identification and fraud detection solutions for property insurers, have signed a collaboration agreement for developing a joint solution that provides maximum support for the claims process in the above areas.
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AON: Terrorism and political activism, the new challenges for European businesses
by Cosmin CONCEATU, 2019-04-16
Populism, protectionism and the changing face of terrorism are all phenomena that are currently shown more often in Europe and around the world. Aon, a leading global professional services firm, specialized in risk, retirement and health consulting, published a detailed analysis over this topic.
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European Parliament strengthened EU financial watchdogs
by Cosmin CONCEATU, 2019-04-17
MEPs approved rules strengthening the EU financial supervision needed for safer financial markets, fighting money laundering, and protecting consumers. European consumers, investors and businesses will benefit from safer and more integrated financial markets thanks to the reform.
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| MARKETS & TRENDS |
Number of road fatalities in EU is decreasing
by Cosmin CONCEATU, 2019-04-18
In 2018, more than 25,000 people lost their lives on EU roads, European Commission data shows. Last year the number of fatalities at EU level decreased by 21% compared to 2010. On April 2019, EU has initiated new programs to be introduced, to further reduce the number of accidents and improve road safety.
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| INTERVIEW |
 INTERVIEW: Michaela KOLLER, Director General, Insurance Europe
by Mihaela CIRCU, 2019-04-18
"We are delighted to be holding the 2019 International Insurance Conference in Bucharest. It is a historic moment, as it is the first time the conference will be held in a central European country and comes as Romania holds its first ever presidency of the Council of the EU."
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| On the move |
Roelof JOOSTEN appointed member of ACHMEA's Supervisory Board
by Andrei Victor, 2019-04-18
ACHMEA's AGM has appointed Roelof JOOSTEN as a member of the Supervisory Board. He succeeds Antoon VERMEER, who retired from his position last year after his maximum term of office. JOOSTEN's appointment is for four years and was approved by the Dutch Central Bank (DNB).
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Francesco MARTORANA appointed CEO of GENERALI Insurance Asset Management S.p.A
by press.release, 2019-04-18
Francesco MARTORANA is the new Chief Executive Officer of Generali Insurance Asset Management S.p.A. Societa di gestione del risparmio (GIAM), effective April 1st, 2019.
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ALLIANZ Zagreb will have a new Chairman of the Board
by Cosmin CONCEATU, 2019-04-18
Daniel MATIC is the new candidate for the opened position as Chairman of the Board inside Allianz Zagreb, Croatia. He will replace Boris GALIC after getting the necessary approvals from the regulator.
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Damian ZIABER is the new director of the Corporate Communication Office of the PZU Group
by press.release, 2019-04-18
Damian ZIABER was appointed the director of the PZU Group's Corporate Communication Office, replacing Marek BARAN, who will remain in the Group's structure.
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