 TOP
NEWS |
Vienna Insurance Group, FY2019: net result increased 23.2% year-on-year
by press.release, 2020-03-18
At the end of 2019, for 12 months ended, Vienna Insurance Group (VIG) recorded a net result of EUR 331 million, 23.2% more compared to 2018. The result before tax was EUR 522 million, up 7.4% year-on-year.
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VIG Re, FY2019: net profit remained stable at EUR 21 million
by Cosmin CONCEATU, 2020-03-18
VIG Re, part of Vienna Insurance Group, closed the year 2019 with a net profit of EUR 21 million, staying at almost the same level recorded at the end of 2018. The profit before taxes was EUR 26 million, increasing slightly by EUR 65 thousand y-o-y.
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Insurance Europe welcomes the IFRS 17 deferral until 2023 and improvements to standard
by press.release, 2020-03-19
IFRS 17 deferral until 2023 and improvements to standard welcomed, but disappointing that important issues remain unaddressed by IASB, a press statement released by Insurance Europe today says.
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CROATIA: HANFA rejected Triglav's purchase over Raiffeisen's pension insurance company
by Cosmin CONCEATU, 2020-03-19
In March 2020, The Croatian Financial Services Supervisory Agency (HANFA) rejected the issue of authorization to acquire a majority stake in the Croatian pension insurance company Raiffeisen Mirovinsko osiguravajuce drustvo by Triglav Group.
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Aviva, FY2019: group's operating profit reached GBP 3.2 billion, up 6% y-o-y
by press.release, 2020-03-13
Aviva ended year 2019 with a consolidated operating profit of GBP 3.2 billion, up 6% year-on-year, giving a rise to 8% growth in operating earnings per share to 60.5 pence (FY2018: 56.2 pence).
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Generali, FY2019: operating result increased 6.9% to EUR 5.2 billion
by press.release, 2020-03-13
Generali Group ended the year 2019 with a consolidated operating result of EUR 5,192 million, an increase of 6.9% compared to the previous year, thanks to positive performance on all main business segments.
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Groupama, FY2019: operating income increased 38.6% to EUR 413 million
by press.release, 2020-03-13
Over the year 2019, Groupama's consolidated premium income reached EUR 14.4 billion, 1.7% more year-on-year, supported by the 2.6% growth in France which compensated the 2.3% decrease in premiums recorded outside France.
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Talanx, FY2019: net income climbed 31.3% y-o-y to EUR 923 million
by press.release, 2020-03-17
Talanx Group ended 2019 with a consolidated net income of EUR 923 million, 31.3% more year-on-year, driven by increased earnings in all four main divisions of the group, particularly on Industrial Lines.
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IGI Receives Provisional NAIC Approval to Write U.S. E&S Business
by press.release, 2020-03-13
International General Insurance Holdings Limited ("IGI" or the "Company") today announced that its Bermuda subsidiary, International General Insurance Company Ltd. ("IGI Bermuda"), has been granted provisional approval by the National Association of Insurance Commissioners (NAIC) to begin writing U.S. excess and surplus ("E&S") lines business effective April 1, 2020, pending execution of the IGI Bermuda U.S. E&S lines trust agreement which is currently in progress.
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STATISTICS: MOLDOVA, FY2019: GRAWE was the sole life insurer, with 100% market share
by Marina MAGNAVAL, 2020-03-19
At the end of 2019, the Moldovan insurance market recorded an increase of 7.02% y-o-y in local currency. Market GWP went up to MDL 1.6 billion (~EUR 84.4 million), while the growth rate of paid claims was more prominent (+19.09%), according to the latest data published by the National Commission of Financial Market (CNPF).
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RUSSIA: net profit of RNRC almost doubled in 2019 and amounted to EUR 48 million
by Marina MAGNAVAL, 2020-03-19
In 2019, the amount of accrued premiums of the Russian National Reinsurance Company (RNRC) amounted to RUB 14.1 billion (EUR 0.2 billion), which is 16% more y-o-y, while the volume of earned premiums increased by 20%, to RUB 13.3 billion, the reinsurer informed on its website.
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STATISTICS: TAJIKISTAN, FY2019: market paid claims jumped almost 44% y-o-y
by Marina MAGNAVAL, 2020-03-19
The Tajik insurance market GWP in local currency remained almost unchanged at the end of 2019 (+0.03%), reaching TJS 234.3 million (~EUR 21.6 million), the conversion in euro showing a slight decrease compared to 2018.
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UKRAINE: Green Card GWP grew by almost 27% y-o-y in 2019
by Marina MAGNAVAL, 2020-03-19
Total number of Green Card policies in 2019 reached 1.08 million units (+43.6% y-o-y). GWP of the segment increased by 26.8%, to UAH 1.63 billion (~EUR 61.7 million) vs. UAH 1.29 billion (~EUR 40.7 million) in 2018, according to the report of the Motor Transport Bureau of Ukraine (MTIBU).
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INNOINS-2020 Insurance Innovations Forum to be held on March 31 in Moscow
by press.release, 2020-03-16
IV InnoIns-2020 Forum of Insurance Innovations, organized by "Insurance Today" and BusinessDrom Analytical Agency with support and participation of the All-Russian Insurance Association and FinTech Lab, will take place on March 31, 2020 in Moscow (Holiday Inn Moscow Lesnaya Hotel, Moscow, Lesnaya str., 15).
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| INSURERS ON THE COVID-19 FRONT
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SCOR's Executive Committee calls upon re/insurers
to capitalize on their unique expertise to support actions for
slowing down the spread of COVID-19
by Daniela GHETU, 2020-03-19
" Few other industries have the mathematical expertise to understand
the potential impact that COVID-19 can have. And for life (re)insurance in particular,
no other industry has such an alignment with the health and well-being of our
society. We need to spread our knowledge and educate our fellow citizens of the
world to protect all of society, particularly our elderly, our ill and our health-care
professionals", SCOR's call for action letter released today says.
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PZU
will fund medical equipment to fight coronavirus
by Daniela GHETU, 2020-03-19
After launching free telemedicine assistance for all Poles at the
beginning of March, the Polish top insurer PZU will finance the purchase
of equipment for hospitals to fight coronavirus, allocating for this
purpose a budget of PLN 6 million (~EUR 1.34 million).
More
AM
Best to deploy pandemic-related stress test for rated insurance companies
globally
by press.release, 2020-03-19
AM Best believes the insurance industry is more resilient today to
financial market downturns than it was during the 2008-2009 financial
crisis. Rated companies are expected to be able to meet their commitments,
despite the rapidly evolving situation on the COVID-19 front.
More |
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| TOP EVENTS |
FIAR 2020 moves to Bucharest
by team, 2020-03-19
FIAR - The International Insurance-Reinsurance Forum, to be held
in Romania on 24-26 May, relocates for 2020 in Bucharest, to ease
access and logistic issues for its traditional attendees.
More |
| On
the move |
PZU President Pawel SUROWKA has resigned
by Cosmin CONCEATU, 2020-03-13
On March 12, 2020, PZU announced the resignation of Pawel SUROWKA, President of PZU Group. During his leadership, PZU Group's net profit doubled, ROE increased by 40%, while the premiums written went up 20%.
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PZU SA appoints two new members at Management Board
by Cosmin CONCEATU, 2020-03-13
PZU SA announced in March 2020 the appointments of Beata KOZLOWSKA-CHYLA and Malgorzata KOT to the Management Board of the company.
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| STATISTIC
UPDATES |
| EVENTS |
FIAR 2020 - International Insurance Reinsurance Forum
24-26 May 2020
Bucharest, 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
Conference "Insurance in Azerbaijan: Trends & Opportunities"
June 2020
Baku, Azerbaijan
Organizer: XPRIMM Publications
DIA AMSTERDAM 2020
23 - 25 June, 2020
Amsterdam, The Netherlands
Organizer:?DIA
Media Partner:?XPRIMM Publications
For details:?next.digitalinsuranceagenda.com
Les Rendez-Vous de Septembre
12 -17 September 2020
Monte-Carlo, Monaco
For details: rvs-monte-carlo.com
9th AIDA Europe Conference
Zurich, Switzerland
17-18 September 2020
Organizer:?AIDA
Media Partner:?XPRIMM Publications
For details:?aidainsurance.org
WorldPensionSummit 2020
20-22 October 2020
Louwman Museum, The Hague, The Netherlands
Organizer:?P&I Events
Media Partner:?XPRIMM Publications
For details:?pionline.com/wps2020
Baden Baden Meetings 2020
18 - 22 October 2020
Baden Baden, Germany
For details: www.baden-baden-reinsurance.de
IIF2020 - Motor Insurance Conference
9 November 2020
Bristol Hotel, Vienna, Austria
Organizer: XPRIMM
For details: internationalinsuranceforum.com
IIF2020 - Property Insurance Conference
10 November 2020
Bristol Hotel, Vienna, Austria
Organizer: XPRIMM
For details: internationalinsuranceforum.com |
| CURRENT
XPRIMM REPORTS |
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