Swiss
Re, sigma 1/2020: Digitalisation is transforming insurance
for consumers and suppliers alike
by press.release, 2020-01-29
Digital transformation empowers consumers to be more informed and
independent than ever before, and equips insurers with the tools
to cater to customers' current and future needs. This leads to
the development of new data-driven business models, impacting the
entire insurance value chain, the latest Swiss Re sigma publication
says.
 More
2019
NatCat loss costs declined to USD 53 billion, WILLIS estimates
by Andrei Victor, 2020-01-27
Insured losses from major natural catastrophes in 2019 totaled
roughly USD 53.0 billion, about 18% lower than the annual average
since 2011. This continues a relative period of calm compared to
2017, when the total loss reached a peak of USD 143 billion, according
to the Summary of Natural Catastrophe Events 2019, published by
WILLIS Re, the reinsurance division of broking company WILLIS TOWERS
WATSON.
More
WTW:
2019 InsurTech investments break all-time record with USD 6.37
billion at the end of the year
by press.release, 2020-01-30
Total investments directed to InsurTech platforms reached USD 6.37
billion in 2019, according to the new Quarterly InsurTech Briefing
from Willis Towers Watson. This value represents 33.9% of the historical
total, following a record-breaking USD 1.99 billion of investment
in 75 projects during the last quarter of 2019 alone.
More
STATISTICS: CEE,
3Q2019: both GWP and paid claims went up y-o-y by a little over
3.5%
by Daniela GHETU, 2020-01-30
The CEE insurance market saw a 3.6% y-o-y increase in GWP at regional
level, to EUR 28.68 billion. A similar increase (3.8%) was witnessed
on the paid claims side, insurers paying compensations and indemnities
in a total amount of EUR 17.25 billion.
More
BiH:
introducing a form of compulsory insurance for residential buildings
is under consideration
by Daniela GHETU, 2020-01-29
Establishing a national disaster insurance scheme is one of the
main features of the UNDP's NAP for Bosnia & Herzegovina. Improving
BiH's preparedness for dealing with Nat Cat events is instrumental
considering the expected increase in flood losses and the very
low current insurance coverage.
More
MABISZ:
Hungarian insurers expect to see a significant growth in 2020
by Daniela GHETU, 2020-01-30
Based on the 3Q2019 results, last year was a successful one for
Hungarian insurance companies, the 11% y-o-y increase in GWP justifying
optimistic expectations for the year-end result. "Premium income
of the sector is expected to exceed HUF 1,100 billion (~EUR 3.3
billion) by the end of the year," said Mihaly ERDOS, vice president
of the Hungarian Insurance Association (MABISZ).
More
The
Post-disaster Risk Finance Options & Instruments workshop to be
held in July, at Budapest
by Cosmin CONCEATU, 2020-01-30
The human cost of disasters is not just measured in the deaths
and injuries that they cause, but also in terms of their lasting
economic impact on survivors and countries. Natural disasters don't
just destroy homes, factories, shops, and fields; they can altogether
annihilate years of economic growth, which is essential for developing
economies.
More
ARMENIA:
over AMD 229 billion required for introduction of the general health
insurance
by Marina MAGNAVAL, 2020-01-28
Starting January 1, 2020, income tax amount was reduced and will
reach soon 20%. Considering new income tax rates and increased
minimum wage amount, citizens of the country will be able to receive
extra AMD 1.5 billion (~EUR 2.84 million) monthly, ArmInfo reports.
More
RUSSIA:
agroinsurance with state support increased 2.3 times in 2019
by Marina MAGNAVAL, 2020-01-28
As the preliminary data of the National Association of Agriculture
Insurers (NAAI) show, the agroinsurance market at the end of 2019
amounted to RUB 5.3 billion (~EUR 76.4 million), as ASN reports.
More
RUSSIA:
MTPL paid claims increased by 5.6% in 2019, preliminary data show
by Marina MAGNAVAL, 2020-01-28
At the end of 2019, Russian MTPL GWP decreased by 3.4% y-o-y to
RUB 220.2 billion (~EUR 3.17 billion), while paid claims, on the
contrary, grew by 5.6%, to RUB 150.1 billion (~EUR 2.16 billion),
as preliminary data of the Russian Association of Motor Insurers
(RAMI) show, ASN reports.
More
UKRAINE:
2019 share of e-MTPL policies exceeded 14% of all MTPL contracts
by Marina MAGNAVAL, 2020-01-29
According to the Motor (Transport) Insurance Bureau of Ukraine
(MTIBU), total number of e-MTPL policies in 2019 exceeded 1.2 million
units, while the GWP under electronic contracts amounted to about
UAH 929.7 million (~EUR 35.18 million), Forinsurer reports.
More
UKRAINE:
insurance supervision department set up within National Bank
by Marina MAGNAVAL, 2020-01-28
The National Bank of Ukraine created two new departments - on methodology
for regulating activities of non-banking financial institutions
and on insurance market supervision, Forinsurer reports with reference
to Interfax-Ukraine.
More
UZBEKISTAN:
GWP of ALSKOM in 2019 exceeded UZS 50 billion (~EUR 4.7 million)
by Marina MAGNAVAL, 2020-01-29
In 2019, ALSKOM insurance company concluded around 285 thousand
of insurance contracts while generating GWP worth of over UZS 50
billion (~EUR 4.7 million), company's preliminary results show,
published on its website.
More
|
