XPRIMM News No. 469, 10 October, 2019

		Insurance Newsletter, No. 469, 10 October, 2019 Click here to subscribe! Click here to unsubscribe!

TOP NEWS Insurance Europe: It is time to rethink ePrivacy by press.release, 2019-10-10 A group of industry associations - representing interests as varied as ICT, automotive, medical technology, construction equipment, consumer electronics, home appliances, retail, banking and insurance - have called on the Council of the EU to ask the European Commission to fundamentally reassess its proposal for the ePrivacy Regulation. More STATISTICS: BULGARIA, 1H2019: MTPL and the sickness insurance line were the main growth drivers by Daniela GHETU, 2019-10-10 Bulgarian insurers have achieved GWP worth EUR 755.6 million in 1H2019, 20.4% up y-o-y. Paid claims increased, at the same time by 10.8%, to EUR 295.76 million. The MTPL insurance line was the main growth driver, providing for almost 60% of the extra premiums volume. More STATISTICS: SLOVENIA, 1H2019: Health insurance total market share reached 22.3% by Cosmin CONCEATU, 2019-10-10 For the first six months of 2019, Slovenian insurance market wrote a total amount of EUR 1,317 million gross premiums, 6.6% more than the volume of the same period of prior year. The total paid claims and benefits volume was EUR 784 million, decreasing by 0.6%. More SLOVENIA: Sava Re d.d. considers options for issuing subordinated bonds by press.release, 2019-10-10 Sava Re d.d. announced that it is considering options for issuing subordinated bonds to optimize the capital structure of the Sava Insurance Group. The Company will decide on whether to move forward with the bond issue after examining all market conditions. More AM Best assigns Long-Term Issue Credit Rating "A-" to Generali by press.release, 2019-10-07 AM Best has assigned a Long-Term Issue Credit Rating of "A-" to the EUR 750 million fixed rate senior dated subordinated notes due 2030 issued on 1 October 2019 by Assicurazioni Generali S.p.A. (Generali) (Italy). More S&P affirms 'A' outlook stable rating UNIQA Group by Cosmin CONCEATU, 2019-10-07 S&P Global Ratings affirmed its 'A' long-term issuer credit and financial strength ratings on the core operating entities of Austria-based multiline insurance group UNIQA. More Munich Re invests USD 250 million in Next Insurance start-up by Cosmin CONCEATU, 2019-10-07 Munich Re purchased additional shares in Silicon Valley based "Next Insurance", taking its overall holding in the Californian start-up to around 27.5%. More FRISS and Munich Re extend partnership to bring value to insurers globally by Cosmin CONCEATU, 2019-10-07 FRISS announced to have extended their partnership with Munich Re to globally support insurers in their fight against fraud. More BELARUS: pension agreement between Belarus and Czech Republic entered into force on October 1 by Marina MAGNAVAL, 2019-10-08 The pension agreement d/d March 14, 2018 between Belarus and Czech Republic entered into force on October 1, as BELTA agency informed with reference to the Ministry of Labor and Social protection of Belarus. More KAZAKHSTAN: S&P assesses insurance industry and country risk for the life insurance by Marina MAGNAVAL, 2019-10-09 S&P Global Ratings assesses insurance industry and country risk as moderately high for the life insurance sector in Kazakhstan (BBB-/Stable/A-3), as stated in the agency's report. More MOLDOVA: World Bank appreciates supervisor's work and is ready to further assist in reforming the insurance market by Marina MAGNAVAL, 2019-10-08 At the end of September 2019, the World Bank's (WB) final mission from Chisinau was to assist in the implementation of the Moldovan insurance market reform, as Capital.market reports. More UKRAINE: 2020 Green Card policies will be electronic by Marina MAGNAVAL, 2019-10-09 Starting July 1st, 2020, a new Green Card electronic policy will be introduced in Ukraine. It will be accepted by all traffic authorities, controlling both domestic movement and movement between the countries of the system, said the General Director of MTIBU (Motor (Transport) Insurance Bureau of Ukraine), Volodimir SHEVCHENKO. More UZBEKISTAN: a "road map" for introduction of compulsory health insurance was prepared by Marina MAGNAVAL, 2019-10-09 Uzbekistan has developed a roadmap for compulsory health insurance introduction. In 2020, it is planned to establish a compulsory health insurance Fund from the state budget, according to the Minister of Health of Uzbekistan, Alisher SHADMANOV. More MARKETS & TRENDS Insurance Europe: EUR 3.6 billion premiums written and EUR 2.9 billion paid claims every day by European insurers in 2018 by Cosmin CONCEATU, 2019-10-09 European insurers wrote a total amount of EUR 1,311 billion in premiums and paid EUR 1,069 billion in claims and benefits during 2018, shows one of the latest Insurance Europe analysis. More World Economic Forum: Cyberattacks and Fiscal Crises top list of business risks in 2019 by press.release, 2019-10-07 In a survey of nearly 13,000 business leaders in over 130 countries, respondents ranked "fiscal crises" as the leading risk to doing business at a global scale, World Economic Forum reports. More

TOP EVENTS Register for Baden-Baden XPRIMM Reception by Mihaela CIRCU, 2019-10-03 Already on its 11th edition, the Baden - Baden XPRIMM Reception, the traditional event organized by XPRIMM during the Baden-Baden Meetings, will take place on Sunday, 20 October, at Kurhaus Casino, gathering re/insurance specialists from all over the world. More On the move Guy Carpenter appoints Frank GUERRIERO as interim Head of International Facultative Operations by Cosmin CONCEATU, 2019-10-07 Guy Carpenter & Company, LLC announced that Frank GUERRIERO has been appointed as Interim Head of International Facultative Operations, reporting to James NASH, CEO, International, Guy Carpenter. More RUSSIA: Igor YURGENS remains the president of ARIA for the next three years by Marina MAGNAVAL, 2019-10-08 At a meeting of the All-Russian Insurance Association (ARIA) on October 7, it was decided to re-elect Igor YURGENS as the President of ARIA for three years term. YURGENS was approved as a candidate by the Central Bank of Russia in August, ASN reports. More STATISTIC UPDATES STATISTICS: BULGARIA, 1H2019 STATISTICS: SLOVENIA, 1H2019 EVENTS Baden-Baden XPRIMM Reception 20 October 2019 Kurhaus Casino Baden-Baden, Germany Organizer: XPRIMM For details:xprimmevents.com/baden/ Georgian Evening 20 October 2019 Baden-Baden, Germany For details: xprimmevents.com 10th Annual WorldPensionSummit 22 - 24 October, 2019 Louwman Museum, the Hague, the Netherlands Organizer:?P&I Events Media Partner:?XPRIMM Publications For details:?pionline.com/wps2019 Baden Baden Meetings 2019 20-24 October 2019 Baden Baden, Germany For details: www.baden-baden-reinsurance.de Seminar: International ratings for insurance companies: What are the procedures and metrics used by international CRAs? 5 November, 2019 Tashkent, Uzbekistan Organizer:?RAEX Media Partner:?XPRIMM Publications For details:?Click here CURRENT XPRIMM REPORTS XPRIMM Ins. Report FY2018 RUSSIA FY2018 KAZAKHSTAN FY2017 & 1H2018 TURKEY FY2017 & 1H2018 ROMANIA FY2018 Motor Ins. Report FY2018 Property Ins. Report FY2018