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XPRIMM News No. 459, 11 July, 2019

Insurance Newsletter, No. 459, 11 July, 2019

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STATISTICS: ESTONIAN insurance market ended Q1 in "red"
by Andrei Victor, 2019-07-11
Estonian insurers reported GWP of EUR 122 million in Q1 2019, representing an 3% y-o-y decrease, according to quarterly figures published by the Estonian National Statistics Board.

STATISTICS: Almost EUR 5 million in profit for Latvian insurers at the end-March
by Andrei Victor, 2019-07-11
Latvian insurers generated EUR 4.8 million in first quarter net profit, EUR 2.2 more compared with Q12018, according to figures released by the Financial and Capital Market Commission (FKTK). About 64% of total GWP were written by local insurers (EUR 132.5 million, or 1% less y-o-y), the rest by EU insurers (EUR 75 million, up by 7.9% y-o-y).

Swiss Re: Global insurance premiums topped USD 5 trillion for first time ever in 2018
by Andrei Victor, 2019-07-09
Global insurance premiums passed USD 5 trillion for the first time ever in 2018, a figure which represents 6% of world gross domestic product, the latest sigma report from Swiss Re Institute shows.

Pool Re purchases pioneering terrorism NDBI retro cover
by press.release, 2019-07-09
Pool Re, Britain's leading terrorism reinsurer, today announced the placement of its new retrocession programme covering non-damage business interruption ("NDBI") losses. The programme incepted on July 5th.

Pool Re: Only one in five UK businesses have a terrorism insurance policy
by Cosmin CONCEATU, 2019-07-09
According to Pool Re, between February 1st, 2018 and May 31st, 2019 there were 323 terrorist acts causing 1,744 deaths and 2,335 injuries. The most affected regions were South Asia (118 attacks), Sub-Saharan Africa (100) and Middle East & North Africa (70). Europe (6 attacks) and Russia & CIS states (0 attacks) were the safest regions in this period.

GREECE: life insurance for January-April increased by 7.4% y-o-y
by Marina MAGNAVAL, 2019-07-11
For the first four months of this year, life insurance increased by 7.4% y-o-y, reported and according to EAEE (Association of Insurance Companies of Greece).
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BELARUS: from January-May the market grew by almost 14% y-o-y
by Marina MAGNAVAL, 2019-07-11
GWP of Belarussian insurers from January to May this year amounted to BYN 578.9 million (~EUR 248.1 million), which is 13.8% more y-o-y, according to the Ministry of Finance of the Republic.
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MOLDOVA: the base MTPL premium to grow by approximately 8% from July 1
by Marina MAGNAVAL, 2019-07-11
From July 1 this year, a new procedure for premium calculation in MTPL entered into force in Moldova and an estimated premium was introduced as part of tariff liberalization for the segment, reports (the informational pamphlet of the National Financial Market Commission (CNPF).
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RUSSIA: over the last 5 years, the total number of insurers has decreased by more than 41%
by Marina MAGNAVAL, 2019-07-11
Over the past 5 years (since 2014), the total number of insurers on the local market has decreased by 41.5%, and the number of branches by 27.6%, ASN reports based on a review of insurer activity, published by the Federal State Statistics Service.

The 6th Annual Insurance Business Forum, "Challenges of the Year 2019" will focus on IFRS 17
by Marina MAGNAVAL, 2019-07-11
The 6th Annual Insurance Business Forum "Challenges of the Year 2019" will take place on September 16-18, 2019 in Sochi.

On the move
RUSSIA: RNRC announces appointment of new President - Natalia KARPOVA
by Marina MAGNAVAL, 2019-07-11
Natalia KARPOVA, previous RNRC Deputy Chairman of the Board, was appointed as RNRC (Russian National Reinsurance Company) President, Chairman of the Board effective from July 1, 2019 based on the resolution of the Central Bank of Russia, as the company reported on its website.
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ZURICH appoints Alison MARTIN as CEO EMEA and Bank Distribution
by Andrei Victor, 2019-07-10
ZURICH Insurance Group has appointed Alison MARTIN to the role of Chief Executive Officer Europe, Middle East & Africa (EMEA) and Bank Distribution with immediate effect. She succeeds Amanda BLANC who recently left the business (more details here). The appointment is subject to regulatory approval.

AGCS named the currently Regional Head of HR for CEE as Global Head of HR
by Andrei Victor, 2019-07-09
ALLIANZ Global Corporate & Specialty SE (AGCS), the corporate insurance carrier of ALLIANZ Group, announces the appointment of Melanie GILLIG (currently Regional Head of HR for Central & Eastern Europe (CEE) as Global Head of Human Resources (HR) effective January 1, 2020.

Renaud GUIDEE appointed as Group Chief Risk Officer of AXA
by press.release, 2019-07-11
On July 9, AXA announced the appointment of Renaud GUIDEE as Group Chief Risk Officer. Currently Managing Director at Goldman Sachs in France, he will join AXA in September 2019, subject to regulatory approval.

Markets and trends
Pool Re purchases pioneering terrorism NDBI retro cover?
by press.release, 2019-07-09?
Pool Re, Britain's leading terrorism reinsurer, today announced the placement of its new retrocession programme covering non-damage business interruption ("NDBI") losses. The programme incepted on July 5th.




STATISTICS: Latvian 1Q2019


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