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STATISTICS: BULGARIA 1Q2019: Insurers' profits expanded by 41% y-o-y to EUR 26.5 million
by Andrei Victor, 2019-06-13
Bulgarian insurers ended Q1 2019 with a 23% y-o-y growth-rate in GWP, to BGN 748 million (EUR 382 million), while the aggregate value of net profit expanded by 41% y-o-y to BGN 52 million (~ EUR 26.5 million), according to the Bulgarian FSA preliminary figures.
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CyberCube enters Europe by opening a software product development center in Tallinn
by Daniela GHETU, 2019-06-12
CyberCube Analytics, the US provider of cyber risk analysis for insurance companies, is preparing to open a software product development center in Tallinn, informed LETA/BNS.
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HUNGARY: UNIQA Biztosito expects EUR 100,000 extra earnings from CHERRISK in 2019
by Cosmin CONCEATU, 2019-06-13
The high interest in digitalization of the Hungarian branch of UNIQA paid off, making UNIQA an innovation "trendsetter" in the local market with its recently launched projects, like UNIQA HomeGuard and UNIQA CHERRISK.
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Green light for the Generali and Concordia merger in Poland
by Daniela GHETU, 2019-06-10
The Polish Financial Supervision Authority agreed to the merger of Generali Zycie and Concordia Capital. Maciej FEDYNA, Member of the Management Board of Generali Polska, will perform the function of President of the Management Board of the Concordia Polska Mutual Insurance Society.
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Romanian Group company OMNIASIG combines healthy lifestyle with environmental protection
by press.release, 2019-06-10
VIG's Romanian Group company OMNIASIG has consolidated and significantly intensified its social, environmental and community commitment with a new CSR strategy. Employee involvement is a key element of the strategy. At a ceremony held in Bucharest on 6 June 2019 OMNIASIG, received the Silver "Gunter Geyer Award for Social Conscience" in recognition of its efforts.
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SERBIA: DUNAV supported AGROSIRM
by Marina MAGNAVAL, 2019-06-13
DUNAV Osiguranje, a Serbian insurance company based in Belgrade and the largest non-life insurance company in the Serbian insurance market, for the second consecutive year supported the Srem Agricultural Fair - AGROSIRM, that was held on June 8-9, as the company stated on its website.
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Slovenia: Reinsurer SAVA Re acquired 84% of investment fund management company INFOND
by Andrei Victor, 2019-06-10
Slovenian reinsurer SAVA Re announced it has acquired the remaining 84% shareholding interest in local investment fund management company INFOND. The price of the deal was not disclosed.
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SLOVENIA: Green Card passive claims increased by 46% in the past 7 years
by Cosmin CONCEATU, 2019-06-13
In 2018, there was a total of 7,285 "Green Card" claims for motor accidents caused by Slovenian vehicles, almost three times higher than 2,456 Green Card claims for motor accidents caused by foreign vehicles inside Slovenia, Slovenian Insurance Association (SIA) figures show.
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MMC: Next generation industry leaders must "adapt or face extinction"
by Cosmin CONCEATU, 2019-06-13
During Rising Professionals' Global Forum 2019, a two-day event gathering approximately 700 delegates from insurance and financial services industry, Marsh & McLennan (MMC) representatives stressed about how the next generation of industry leaders must adapt to the new challenges and opportunities.
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AVIVA to cut 1,800 jobs over the next three years
by Andrei Victor, 2019-06-10
AVIVA's head Maurice TULLOCH - appointed as CEO of the UK largest insurer on March 4th 2019 replacing Mark WILSON, announced the Group is cutting 1,800 jobs over the next three years in an effort to cut costs.
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ALLIANZ strengthens its presence in the UK
by Andrei Victor, 2019-06-10
German insurer ALLIANZ announced two movements in order to increase its presence in the UK.
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GENERALI's Group project to renovate the Venetian historic "Procuratie Vecchie" building finally kicks off
by Daniela GHETU, 2019-06-10
The project for the renovation of the "Procuratie Vecchie" in Piazza San Marco in Venice, contracted to David Chipperfield Architects Milan by GENERALI in 2017, has finally received permission to build from the Municipality.
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PERILS discloses second loss estimate for extratropical cyclone Dragi-Eberhard of EUR 798 million
by Daniela GHETU, 2019-06-10
PERILS AG has disclosed its second loss estimate of EUR 798 million for windstorm Dragi-Eberhard. This estimate compares to the initial loss estimate of EUR 740 million which was issued by PERILS on 18 April 2019.
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Insurers must import innovations from the insurtech ecosystem
by Adina TUDOR, 2019-06-10
The insurance sector has evolved during the last years, as the world and the needs of people have been changing.
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STATISTICS: CYPRUS insurers' Q1 GWP compressed by 1.2% y-o-y
by Andrei Victor, 2019-06-13
Cypriot insurers reported aggregate GWP of EUR 250.6 million in the first three months of 2019, down by 1.2% y-o-y, according to the quarterly market figures published by the Insurance Association of Cyprus - IAC.
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STATISTICS: GEORGIA, 1Q2019: over 57% of market paid claims fell in health insurance
by Marina MAGNAVAL, 2019-06-13
The insurance sector of Georgia in 1Q2019 grew by 9.44% y-o-y. Total GWP reached GEL 179.91 million (EUR 59.57 million), according to the data of the Insurance supervisory authority.
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KAZAKHSTAN: at the end of April total insurer assets grew by almost 18% y-o-y
by Marina MAGNAVAL, 2019-06-13
Total number of insurance companies at the end of April 2019, was 27 (vs 31 a year ago). At the same time, assets of insurers increased by 17.6% y-o-y, according to Ranking.kz.
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RUSSIA: cost of MTPL policy for individuals in January-May decreased by more than 4% y-o-y against the background of increasing competition
by Marina MAGNAVAL, 2019-06-13
For January-May 2019, the average cost of MTPL policy for individuals decreased by 4.1% y-o-y, as data from the Russian Association of Motor Insurers (RAMI) show.
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RUSSIA: SOGAZ comes back to leadership in the first quarter
by Marina MAGNAVAL, 2019-06-13
In the first quarter of this year, SOGAZ was way ahead of last year's leader SBERBANK Life insurance, collecting RUB 80.1 billion in GWP (GWP of SBERBANK Life insurance reached RUB 37.5 billion), ASN reported based on the data of the Bank of Russia.
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STATISTICS: TAJIKISTAN, 1Q2019: compulsory insurance shows impressive growth amid falling GWP in voluntary segment
by Marina MAGNAVAL, 2019-06-13
In 1Q2019, GWP of the Tajik insurance market increased by about 4% y-o-y in local currency. At the same time, compulsory insurance showed impressive growth amid falling GWP of the voluntary types, as the data, published by the National Bank of Tajikistan, show.
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UKRAINE: at the end of April, MTPL increased by more than 13% y-o-y
by Marina MAGNAVAL, 2019-06-13
GWP of MTPL insurers - members of the Motor (Transport) Insurance Bureau of Ukraine (MTIBU) increased by 13.57% y-o-y at the end of April 2019, amounting to UAH 1.578 billion (~EUR 53.31 million), reported Forinsurer.
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Claims Leaders from Amerisure, American Modern, Zurich and More Share Insights on Connected Claims Transformation
by Adina TUDOR, 2019-06-13
Ahead of this year's Connected Claims Europe Summit (September 18th & 19th, Amsterdam), Insurance Nexus spoke to global thought leaders working in Claims (from AXA Insurance, American Modern Insurance Group, Zurich and more), to understand how they are preparing to meet exceptionally high customer expectations.
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