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VIG, 9M2019: net profit increased 9.5%
by press.release, 2019-11-27
Vienna Insurance Group (VIG) reported a net profit of EUR 226.5 million for the first nine months of 2019, 9.5% higher that the net profit of the same period prior year.
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VIG Re, 9M2019: gross premiums written volume expanded by 20%
by team, 2019-11-28
At the end of September 2019, for nine months ended, VIG Re gross written premiums (GWP) volume rose by 19.9% year-on-year, to EUR 404 million.
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Swiss Re's solutions for the CEE markets' development
by Mihaela CIRCU, 2019-11-28
Central and Eastern European is the only real growth area we can notice in the whole European insurance market, according to Christian KREUTZER, Market Head ACEE & Transaction Lead NCEE, Swiss Re, in an exclusive interview for www.xprimm.com
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ALBANIA: Economic losses of more than USD 100 million after strongest earthquake in decades
by Andrei Victor, 2019-11-27
More than 21 people have been killed and over 600 more injured after Albania was rocked by its strongest earthquake in decades, informed Euronews Albania, though many expect the number to increase.
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STATISTICS: BULGARIA, 3Q2019: Non-life units of DZI, GENERALI and ALLIANZ were the most profitable Bulgarian insurers at the end of third quarter
by Andrei Victor, 2019-11-28
Bulgarian insurers reported nine months aggregate GWP of BGN 2.18 billion (EUR 1.11 billion), 17.17% more y-o-y, according to quarterly market statistics published by FSC.
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CROATIA Osiguranje entrusts Sapiens International Corporation with its P&C business digital transformation
by Daniela GHETU, 2019-11-28
CROATIA Osiguranje, a leading Croatian insurer, has selected Sapiens IDITSuite for Property & Casualty and Sapiens ReinsuranceMaster, as well as other tools provided by Sapiens International Corporation for its digital transformation program.
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ROMANIA: OMNIASIG VIG to insure TAROM's fleet
by Andrei Victor, 2019-11-27
OMNIASIG Vienna Insurance Group, one of the largest non-life insurers in Romania, won for the second year in a row the largest aviation insurance account in the country, by providing CASCO and TPL coverage for TAROM airline's fleet.
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Sava Insurance Group, 9M2019: net profit up 29.3%
by press.release, 2019-11-22
For the first nine months of 2019, Sava Insurance Group reported a net profit of EUR 37.7 million, reflecting an increase of 29.3% year-on-year, representing 87.6% of the group's annual target for 2019.
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Heavy rainfall caused a total of EUR 6.7 billion in damage in Germany between 2002 and 2017
by Daniela GHETU, 2019-11-28
On average, 133 out of 1,000 residential buildings were damaged by particularly heavy rainfall in Germany, between 2002 and 2017, the average sum spent by Germans to restore their homes amounting to EUR 5,293.
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Allianz X to invest in SDA SE Open Industry Solutions
by Cosmin CONCEATU, 2019-11-28
Allianz X, the digital investment unit of the Allianz Group, Debeka, msg group and SIGNAL IDUNA will invest in SDA SE Open Industry Solutions to support the development of new innovative digital services in the insurance industry.
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AZERBAIJAN: compulsory health insurance to be introduced in 2020 throughout the country
by Marina MAGNAVAL, 2019-11-28
Introduction of compulsory health insurance (CHI) in the country is proposed to be done in 4 stages throughout the country in 2020, said Zaur ALIYEV, the Chairman of the Board, the State Agency for compulsory health insurance of Azerbaijan.
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KAZAKHSTAN: S&P sets industry and country risk of property and casualty insurance to moderately high
by Marina MAGNAVAL, 2019-11-27
S&P Global Ratings assessed the industry and country risk of Kazakhstan's P/C insurance sector as moderately high, as the agency stated in its comments.
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KAZAKHSTAN: as of November 1st, the share of TOP-5 insurers in MTPL exceeded 71%
by Marina MAGNAVAL, 2019-11-26
As of November 1st, 2019, the share of TOP-5 MTPL insurers out of 17 companies, licensed for this insurance type, amounted to 71.1% of total MTPL GWP volume (vs. about 66% a year ago), indicating increasing concentration in this market, Allinsurance.kz reports based on the National Bank data.
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STATISTICS: KYRGYZSTAN, 3Q2019: over half of total GWP comes from property insurance
by Marina MAGNAVAL, 2019-11-28
At the end of September 2019, GWP of the Kyrgyz insurance market saw an increase by almost 15% y-o-y (in local currency), to KGS 734.38 million/EUR 9.65 million, as the data, published by the National Statistical Committee of the Republic, show.
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RUSSIA: S&P: industry and country risk in the property/casualty insurance sector is high
by Marina MAGNAVAL, 2019-11-28
S&P Global Ratings assessed industry and country risk in the Russian property/casualty (P/C) insurance sector as high (foreign currency BBB-/ Stable/ A-3 ; local currency BBB/ Stable/ A-2), as the agency stated in its report.
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STATISTICS: TAJIKISTAN, 3Q2019: voluntary insurance keeps almost 70% of the market
by Marina MAGNAVAL, 2019-11-28
By the end of 3Q2019, the Tajik insurance market grew by almost 19% in local currency, while in euro the growth was 22.18%. GWP amounted to KGS 168.47 million (EUR 15.90 million), according to the data, published by the National Bank of the country.
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UKRAINE: a new financial development strategy for the next 5 years to be presented in January 2020
by Marina MAGNAVAL, 2019-11-26
In January 2020, the National Bank and the National Commission for Securities and Stock Market will report on the program for 2020, presenting a new strategy for the financial sector's development until 2025. From July 1st, 2020 both entities will become the legal successors of the National Financial Services Commission, Forinsurer informs.
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UZBEKISTAN: O'zbekinvest Hayot awarded as the best travel insurance company
by Marina MAGNAVAL, 2019-11-25
The leader of the Uzbek insurance market, O'zbekinvest Hayot, was awarded as the best travel insurance company, as UZREPORT news agency writes.
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| Interview |
 INTERVIEW: Dan INGLE,
Account Executive,
ClickSoftware
by Daniela GHETU, 2019-11-28
ClickSoftware, a Salesforce company, improves the efficiency and effectiveness of field service organizations and mobile workforces. Real-time operational intelligence delivers real business value, reads the company’s web page cover. How applies this assertion to the insurance business field, we have asked…
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| On the move |
GUY CARPENTER announces senior appointments
by Andrei Victor, 2019-11-26
GUY CARPENTER & Company, a leading global risk and reinsurance specialist and a business of Marsh & McLennan Companies, announced today the appointment of Robert JOHNSTON as Chairman of GUY CARPENTER's Bermuda operations, and Peter KOMPOSCH as Head of Casualty and Specialty, Bermuda, with immediate effect.
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John DRZIK steps down as President of MARSH Global Risk and Digital Division, takes advisory role
by Andrei Victor, 2019-11-26
Global re/insurance brokerage company MARSH has announced that John DRZIK will step back from his full time responsibilities as President of the Global Risk and Digital (GR&D) division, effective January 1, 2020.
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GENERALI Poland annouced top management appointment
by Andrei Victor, 2019-11-26
Starting with 25 November, Roger HODGKISS is joining the top management team of GENERALI Poland being responsible for the P&C sales network and marketing of GENERALI and PROAMA.
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NN Hungary to appoint new CEO
by Andrei Victor, 2019-11-28
Michal HUCAL will be appointed Chief Executive Officer (CEO) of NN Hungary, effective 1 January 2020, subject to regulatory approval, as the Dutch insurance group informed in a statement. "As CEO of NN Hungary, he will focus on continuing our growth in the local market".
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