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XPRIMM News No. 458, 4 July, 2019

Insurance Newsletter, No. 458, 4 July, 2019

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EVENT: "Insurance in Azerbaijan: Trends & Opportunities" Conference took place on 28 June in Baku
by Mihaela CIRCU, 2019-06-28
One of the most important insurance events within the Caucasus region - the "Insurance in Azerbaijan: Trends & Opportunities" Conference took place today, 28 June 2019, in the capital city of Azerbaijan - Baku.

LATVIA: crop insurance more affordable for farmers
by Marina MAGNAVAL, 2019-07-04
Regulation on state support for insurers to provide compensation in case of drought damage has been approved in Latvia. It will contribute to the development of agro insurance, according to the Latvian Association of Insurers.
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STATISTICS: The Lithuanian insurance market reported robust growth at the end of March
by Andrei Victor, 2019-07-04
In the first quarter of this year, the Lithuanian insurance market grew by 6% y-o-y to almost EUR 232 million, while the value of payments expanded by more than 8% to EUR 125 million, according to figures published by the Bank of Lithuania.

STATISTICS: POLAND: Almost EUR 4 billion in GWP after the first quarter
by Andrei Victor, 2019-07-04
Polish insurers' aggregate GWP was up by 0.6% y-o-y to PLN 16.35 billion (EUR 3.80 billion) in the first quarter of 2019, financial indicators from the Polish Financial Supervision Authority (KNF) showed. Official figures also revealed that the amount of paid claims/indemnities during the period was PLN 10.2 billion, representing a decrease of 2.7% y-o-y.

VIG listed in VONIX sustainability index
by press.release, 2019-07-01
The Vienna Insurance Group (VIG) has been included again in Austria's VONIX sustainability index for the 2019/20 period. The listing was officially announced at the end of June 2019.

Zurich signs up to UN pledge to limit global climate change
by Cosmin CONCEATU, 2019-07-03
In June 2019, Zurich announced actions towards reducing climate change, by expanding existing thermal coal policy, committing to utilize 100% renewable power until 2022 and signing Business Ambition for 1.5

Trust Re reaffirms its commitment to the market
by press.release, 2019-07-01
Trust Re, the regional reinsurance company headquartered in the Kingdom of Bahrain since 1989, announced that The Company is satisfied with its 30-year growth and remains committed to fulfilling all its obligations.

Swiss Re joined International Cooperative and Mutual Insurance Federation (ICMIF)
by Cosmin CONCEATU, 2019-07-03
Swiss Re announced that the company has become a Supporting Member of the International Cooperative and Mutual Insurance Federation (ICMIF), the global representative body of the cooperative and mutual insurance sector.

AZERBAIJAN: insurance market assets increased by almost 13.5% y-o-y
by Marina MAGNAVAL, 2019-07-04
Total insurance market's assets at the end of 1Q2019 increased by about 13.5% y-o-y, to AZN 1.4 billion (~EUR 0.73 billion), Ibrahim ALISHOV, Acting Chairman of the Board of Financial Market Supervisory Authority of Azerbaijan (FIMSA) said in Baku at the 9th Forum "Insurance in Azerbaijan: Trends & Opportunities".
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KAZAKHSTAN: Life insurance GWP jumped by almost 34% y-o-y in May
by Marina MAGNAVAL, 2019-07-04
In May, 2019, GWP of Kazakh life insurance companies increased by 33.6% (to KZT 71 billion/~EUR 167 million) y-o-y, reports.
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RUSSIA: Expert RA: GWP in electronic insurance, excluding MTPL, will reach RUB 19-20 billion in 2019
by Marina MAGNAVAL, 2019-07-04
According to the forecast of the largest Russian rating agency, Expert RA, GWP in e-insurance, excluding MTPL, will reach RUB 19-20 billion (~EUR 0.26-0.28 billion) by the end of 2019, the agency reports.
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UKRAINE: GWP of TAS Group increased by almost 35% y-o-y from January to May
by Marina MAGNAVAL, 2019-07-04
Tas Insurance Group, one of the TOP-5 insurers of Ukraine, generated GWP of UAH 707.45 million (~EUR 23.64 million) from January to May 2019, which is 34.8% more y-o-y, Forinsurer reports.
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On the move
Leslie J. BREER is the newly approved CEO of GOTHAER Romania
by Daniela GHETU, 2019-07-04
The Financial Supervisory Authority announced it has approved Leslie J. BREER's appointments as CEO of GOTHAER's Romanian unit. Together with Cosmin ANGHELUTA (Deputy CEO / Sales Chief Executive) - he will implement the company`s 3 yrs mid-term strategic plan, already approved by its Board of Directors in March 2019.

ZURICH's head of EMEA Amanda BLANC resigns
by Andrei Victor, 2019-07-03
ZURICH Insurance Group announced that Amanda BLANC, CEO EMEA and Bank Distribution and a Member of the Group's Executive Committee, has tendered her resignation.

ALLIANZ announced changes to the Board of Management after JUNG decision to retire
by Andrei Victor, 2019-07-01
German insurer ALLIANZ announced changes to its board of management following Helga JUNG's decision to not extend her appointment and retire at the end of December 2019 after 26 years at ALLIANZ and having served as member of the board of management for eight years.

LLOYD's announced new appointments for the EMEA region
by Andrei Victor, 2019-07-01
LLOYD's, the world's insurance and reinsurance market, announced the appointment of Mark COOPER for the newly created role of Head of Market Development for the European market, and Amit KHILOSIA as the new Regional Head, Africa.

Jennifer RIGBY appointed LLOYD's COO
by Andrei Victor, 2019-07-03
LLOYD's of London announced today that Jennifer RIGBY has been appointed Chief Operations Officer (COO).

Markets and trends
Reinsurance market in the Republic of Kazakhstan. A fresh look. Article by Gaukhar Kassymkanova, Managing Director, MOI Insurance Broker, Ltd

How had the reinsurance industry fared on the Kazakhstan market for the last five years? (2014-2018) In this article main trends and mainstreams are analyzed and the simplest recommendations that may give an impetus to a new development stage are provided.
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STATISTICS: Lithuanian1Q2019


Les Rendez-Vous de Septembre
7-12 September 2019
Monte-Carlo, Monaco

4th Annual Connected Claims Europe
18 - 19 September, 2019
Novotel Amsterdam City, The Netherlands

Annual National Reinsurers Summit
19 - 20 September 2019
St. Petersburg, Russia
9th Edition Insurance Asset Management
18 - 20 September, 2019
Amsterdam, Netherlands
Insurance Conference - Republic of Moldova
3rd Edition
3 October 2019
Radisson Blu Leogrand Hotel
Baden-Baden XPRIMM Reception
20 October 2019
Kurhaus Casino?
Baden-Baden, Germany
10th Annual WorldPensionSummit
22 - 24 October, 2019
Louwman Museum, the Hague, the Netherlands


XPRIMM Ins. Report FY2018
KAZAKHSTAN FY2017 & 1H2018
TURKEY FY2017 & 1H2018
Motor Ins. Report FY2017
Property Ins. Report FY2017