XPRIMM News No. 498, 14 May, 2020

BERNARDINO: to cover the pandemic risk, states and insurance industry should join forces
by Daniela GHETU, 2020-05-14
National governments must help provide insurance cover for future lockdowns, as the private sector cannot afford to provide such broad coverage on its own - the EIOPA Chairman, Gabriel BERNARDINO stated on Monday, quoted by Reuters.
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Lead Ventures invests EUR 3 million in supporting Croatian insurtech AMODO's growth and international expansion
by Daniela GHETU, 2020-05-14
Lead Ventures, a Budapest based venture capital firm, is investing EUR 3 million to assist the growth of AMODO, a US/Croatian insurtech company that has developed a Connected Insurance platform supporting the introduction of Usage Based Insurance products, currently used by several insurers worldwide.
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Lower insurance prices for drivers with kasko2go's solution combining AI and telematics
by Daniela GHETU, 2020-05-12
The Swiss insurech firm kasko2go has developed a new, customer-focused solutions for telematic insurance which rewards safe, environmentally aware driving with discounts of up to 50% on traditional car insurance. The premium is calculated on the basis of actual mileage and driving style.
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Zurich, 1Q2020: P&C business grew 7% while Life insurance shrunk 10%
by press.release, 2020-05-14
Since the onset of the health emergency, Zurich has delivered on its commitment to customers. The Group is providing additional financial relief through premium rebates, payment holidays and extensions of coverage. Customer interactions have been simplified by creating or expanding options to report claims by video, sign documents electronically or request remote risk assessments. The Group's additional measures to support customers and its commitments to communities totaled more than USD 90 million in the first quarter.
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CROATIA's osiguranje Q1 profits expanded by 28% y-o-y
by Andrei Victor, 2020-05-12
In the first quarter of 2020, Croatia osiguranje recorded consolidated net profit amounting to HRK 119 million (~EUR 15 million), which represents a 28% growth y-o-y, as announced in a statement ADRIS Grupa - the CROATIA's osiguranje shareholder with businesses in tourism, real estate, tobacco and food industry.
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CROATIA: GENERALI completed the acquisition of IZVOR osiguranje business
by Andrei Victor, 2020-05-12
GENERALI CEE Holding announced it officially expanded on Croatian insurance market finalising the acquiring of the business of local non-life insurer IZVOR osiguranje. Thus, "all rights and obligations under the insurance contracts of IZVOR osiguranje were transferred to GENERALI osiguranje as the new insurer".
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Allianz, 1Q2020: Net income affected by COVID-19-related market impacts
by press.release, 2020-05-12
Net income attributable to shareholders decreased 28.9% to EUR 1.4 billion (1Q2019: 2.0) mostly driven by the lower operating profit. Operating profit declined 22.2% to EUR 2.3 billion (1Q2019: 3.0). The non-operating result also worsened as realized gains from the sale of Allianz Popular were more than offset by COVID-19-related market impacts. A lower tax rate had a partly offsetting effect.
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Aegon, 1Q2020: Net income reached EUR 1.3 billion
by press.release, 2020-05-12
Aegon ended the first three months of 2020 with a net income of EUR 1,270 million, reflecting fair value gains of EUR 1,372 million, driven by a reduction in the valuation of the liabilities in the Netherlands, reflecting wider credit spreads.
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MetLife, 1Q2020: Net income went up to EUR 4.4 billion
by press.release, 2020-05-12
Net income was USD 4.4 billion, compared to net income of USD 1.3 billion in the first quarter of 2019. On a per share basis, net income was USD 4.75, compared to net income of USD 1.40 in the prior-year period.
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PartnerRe, 1Q2020: Net premiums earned increased 13% y-o-y
by press.release, 2020-05-14
For the first three months of 2020, PartnerRe reported a net loss attributable to common shareholder of USD 433 million. This compared to a net income available to common shareholder of USD 497 million in the first quarter of 2019.
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Talanx, 1Q2020: In spite of substantial COVID-19 related losses, group net income reached EUR 223 million
by press.release, 2020-05-12
For January - March 2020, Talanx Group registered a net income of EUR 223 million, 5% lower than the same period of prior year. The coronavirus crisis impacted both the Talanx Group's underwriting and its investments in the first quarter of the new financial year.
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RUSSIA: National Association of Agriculture Insurers proposed creation of forest insurance system in view of the drastically increasing intensity of forest fires
by Marina MAGNAVAL, 2020-05-12
A drier than average winter and the higher spring temperatures have made Siberia more severely affected by forest fires than in previous years. In total, on April 28, 2020, there were 3,339 outbreaks recorded compared to only 1,960 last year. The area covered by fires since the beginning of the year is 477,000 hectares (vs. 382,000 hectares last year), Siberia Times reports.
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RUSSIA: the number of appeals to the financial ombudsman and complaints against insurers is decreasing
by Marina MAGNAVAL, 2020-05-13
In April this year, the number of appeals to the financial ombudsman dropped by almost 28% compared with the results of March, which is primarily due to a decrease in activity under restrictive quarantine measures, the press service of the financial ombudsman reports.
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UKRAINE: MTPL market remained stable amid increasing GWP in the first quarter
by Marina MAGNAVAL, 2020-05-14
Despite the difficult working conditions associated with the pandemic, the MTPL market of Ukraine remained stable in the first quarter of 2020. Total number of contracts concluded in this period exceeded by 0.5% the level of 1Q2019, as the Motor (Transport) Insurance Bureau (MTIBU) reports.
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UKRAINE: 78% of all ARX claims were paid to individuals for the first three months of 2020
by Marina MAGNAVAL, 2020-05-13
GWP of ARX company for 1Q2020 increased by 19% y-o-y and reached about UAH 626 million (~EUR 20.7 million). The portfolio was dominated by motor insurance (49%), health insurance (23%) and property insurance (15%), Forinsurer reports.
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UZBEKISTAN: over 97% of voluntary insurance claims were paid by O`zbekinvest Hayot in the first quarter of 2020
by Marina MAGNAVAL, 2020-05-13
O`zbekinvest Hayot, the leader of the Uzbek insurance sector, announced the results of its paid claims for 1Q2020. January-March 2020 paid claims amount exceeded UZS 27.4 billion (~EUR 2.7 million), UzReport informed.
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