 TOP
NEWS |
STATISTICS: ALBANIA, FY2019: market ended 2019 with a 4% growth in annual sales
by Andrei Victor, 2020-02-20
Albanian insurance market reached over ALL 17.6 billion (EUR 145 million) during year 2019, or 4.11% more y-o-y, according to the market figures published on the AFSA's website.
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ESTONIA: 2019 MTPL prices decreased 5% in spite of increasing motor events
by Cosmin CONCEATU, 2020-02-19
According to the statistics of the Estonian Motor Insurance Bureau (LKF), in 2019, the average annual premium for motor third party liability (MTPL) insurance was EUR 134, decreasing by EUR 8 (-5%) year-on-year.
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STATISTICS: KOSOVO, FY2019: insurers reported annual loss of EUR 2.8 million
by Andrei Victor, 2020-02-20
The insurance market of Kosovo totaled EUR 101.5 million at the end of 2019, 8.5% more y-o-y, according to data provided by the Central Bank (CBK).
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STATISTICS: NORTH MACEDONIA, FY2019: MTPL policies generated 43% of total business and more than a half of total settled payments
by Andrei Victor, 2020-02-20
The preliminary market figures submitted by Macedonian ISA to XPRIMM.com, indicate that at the end of 2019 the local insurance industry totaled MKD 10.58 billion (EUR 172 million), up by 6.61% y-o-y.
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ROMANIA: insurance market increased by 8% in 2019, MTPL combined ratio rose to 116.6%
by Andrei Victor, 2020-02-19
Last year, the Romanian insurance market advanced by 8% y-o-y in GWP to about RON 11 billion (EUR 2.25 billion), according to Cristian ROSU, Vice President, Insurance - Reinsurance Sector, ASF.
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ROMANIA: uninsured cars number constantly increasing — more than 12k fines in 2019
by Andrei Victor, 2020-02-19
Last year, the Traffic Police sanctioned more than 12 thousand drivers without MTPL insurance, according to the the figures submitted to the portal 1asig.ro by IGPR - The General Inspectorate of the Romanian Police.
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ROMANIA: ASF and EIOPA to launch an independent assessment of the local insurance sector
by press.release, 2020-02-20
The Financial Supervisory Authority of Romania (ASF) and the European Insurance and Occupational Pensions Authority (EIOPA) announced their intention to launch an independent assessment of the Romanian insurance sector through a balance sheet review.
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EUROINS Romania was fined by ASF with more than EUR 100 k. FGA assigned as temporary administrator
by Andrei Victor, 2020-02-19
The Board of the Romanian Financial Supervisory Authority (ASF) decided to amend EUROINS Romania with RON 500,000 (more than EUR 100,000), as a result of violation of some provisions of MTPL Law as the procedures for solving the MTPL claim files, deficiencies regarding the internal control mechanisms at the company level, irregularities regarding the establishment of technical reserves and data quality, as the market authority annunce in a statement.
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SLOVAKIA: CSOB strengthens its presence throught OTP Banka Slovensko acquisition
by Andrei Victor, 2020-02-19
The Belgium's KBC Group and OTP Bank, the Hungarian parent company of OTP Banka Slovensko (Slovakia), reached agreement for KBC to acquire ownership of 99.44% of the shares in OTP Banka Slovensko, a mid-sized Slovakian bank focusing on retail, micro SME and SME customers. The remaining shares are held by a number of private individuals.
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Winter storm Ciara-Sabine insured losses between EUR 1.1 - 1.9 billion, risk modelers' estimations agree
by Daniela GHETU, 2020-02-17
AIR Worldwide estimates insured losses for winter storm Ciara-Sabine will be between EUR 1.1 Billion and EUR 1.9 Billion, while RMS sets the upper limit to EUR 1.8 billion. Both agree also that Germany, France, and the United Kingdom are the areas most affected.
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GDV: insured losses caused by "Sabine" in Germany amount to 675 million euros
by Daniela GHETU, 2020-02-20
Sabine, the powerful winter storm battered Europe last week, cost German insurers a grand total of EUR 675 million, from 540,000 insured losses, the German Insurers Association said.
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Swiss Re, FY2019: consolidated group income grew 73% year-on-year
by press.release, 2020-02-20
Swiss Re announced its full-year 2019 results. The figures show a net income at the end of the year amounting USD 727 million, which is 73% more year-on-year
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UNIQA, FY2019: group's GWP slightly grew 1.2% reaching EUR 5.4 billion
by press.release, 2020-02-20
At the end of 2019, for 12 months ended, UNIQA Group scored a consolidated net income of EUR 232 million, 4.5% lower, driven by higher share of non-controlling interest. Earnings before taxes grew 0.4% to EUR 296 million at the end of 2019.
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Fairfax, FY2019: investments gains lifted consolidated net earnings to USD 2 billion
by press.release, 2020-02-18
Fairfax Financial Holdings Limited announced fiscal year 2019 net earnings of USD 2,004 million compared to fiscal year 2018 net earnings of USD 376 million, primarily reflecting net gains on investments.
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AXA, FY2019: net income went up 80% year-on-year
by press.release, 2020-02-20
For year 2019, AXA insurance group reported a net income of EUR 3.9 billion, 80% higher year-on-year on a reported basis.
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NN Group, FY2019: operating result expanded 10.3% to EUR 1.8 billion
by press.release, 2020-02-18
NN Group's operating result increased by 24.9% to EUR 428 million in the fourth quarter of 2019, driven by higher operating results at almost all segments and reflecting a total of EUR 20 million of non-recurring benefits.
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RUSSIA: experts predict decreasing growth rates on the insurance market in 2020
by Marina MAGNAVAL, 2020-02-19
Experts predict a 5% decrease of MTPL GWP in 2020 due to the new regulation and stagnation of the motor insurance market, one of the latest Deloitte study over Russia mentions.
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RUSSIA: SBERBANK shares will be sold to avoid conflict of interests
by Marina MAGNAVAL, 2020-02-19
The Ministry of Finance and the Central Bank developed and submitted to the government a document providing the sale conditions of SBERBANK shares, owned by the Bank of Russia, which will help to avoid a conflict of interests due to combining the roles of the regulator, shareholder and supervisor, the ministry said.
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UKRAINE: claims paid to road traffic accidents victims from MTIBU guarantee funds increased by more than 30% y-o-y in 2019
by Marina MAGNAVAL, 2020-02-18
According to the Motor (Transport) Insurance Bureau of Ukraine (MTIBU), in 2019 over UAH 212 million (~EUR 8 million) were paid to road traffic accidents victims from the MTIBU guarantee funds. The total number of claims paid increased by 20.1%, while their amount went up 30.2%.
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AMODO's CEO Marijan Mumdziev, Keynote Speaker at IIF 2020 - MOTOR INSURANCE - "A glimpse in the future"
by team, 2020-02-20
After years of discussions and innovation, where are motor insurance markets standing today in IoT / telematics terms? Marijan MUMDZIEV, CEO of AMODO, the Croatian insurtech that has been listed among the top five insuretech startups in the world by the Financial Times, will assess the current situation and share his views with regard the future developments at the motor conference in Vienna, on 6 April.
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| STATISTIC
UPDATES |
| EVENTS |
3rd Annual Managing Insurance Contracts under IFRS 17
11-13 March 2020
London, United Kingdom
Organizer:?marcus evans
Media Partner:?XPRIMM Publications
For details:?marcusevans-conferences-paneuropean.com
A New Era of Risks: Impact on business and property
1 April 2020
Belgrade, Serbia
Organizer: Sveoosiguranju.rs, Sveonovcu.rs
For details: konferencije-rizici.rs
IIF2020 - Motor Insurance Conference
6 April 2020
Bristol Hotel, Vienna, Austria
Organizer: XPRIMM
For details: internationalinsuranceforum.com
IIF2020 - Property Insurance Conference
7 April 2020
Bristol Hotel, Vienna, Austria
Organizer: XPRIMM
For details: internationalinsuranceforum.com
International Insurance-Reinsurance Congress
21-22 April 2020
Metropol Hotel, Moscow, Russia
Organizer: The Reinsurance Committee of All-Russian Insurance Association and DELOVOY Format Group as Co-organizer
Media Partner: XPRIMM Publications
For details: http://icir.ru/en/2020
Georgian International Insurance Conference
30 April 2020
Radison Blu Iveria Hotel, Tbilisi, Georgia
Organizer: XPRIMM
Official Publication: XPRIMM Publications
For details: xprimmevents.com
FIAR 2020 - International Insurance Reinsurance Forum
24-26 May 2020
Sinaia, Romania
Organizer: FIAR Consult & XPRIMM Publications
Global Insurance Forum
8 - 12 June 2020
New York, USA
Organizer: IIS - International Insurance Society
Media Partner: XPRIMM Publications
For details: events.internationalinsurance.org
DIA AMSTERDAM 2020
23 - 25 June, 2020
Amsterdam, The Netherlands
Organizer:?DIA
Media Partner:?XPRIMM Publications
For details:?next.digitalinsuranceagenda.com
Baden Baden Meetings 2020
18 - 22 October 2020
Baden Baden, Germany
For details: www.baden-baden-reinsurance.de |
| CURRENT
XPRIMM REPORTS |
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