 TOP
NEWS |
Vienna Insurance Group, 1Q2020: GWP expanded 7.2% y-o-y
by press.release, 2020-05-20
For the first quarter of 2020, Vienna Insurance Group (VIG) recorded a net profit (after non-controlling interests) of EUR 85.8 million, 2.8% higher y-o-y.
 More
VIG Re, 1Q2020: Net earned premiums climbed 35.7% y-o-y
by press.release, 2020-05-20
VIG Re, part of the Austrian Vienna Insurance Group, ended the first three months of 2020 with a net profit of EUR 2.4 million, -42.5% lower y-o-y, impacted, as most reinsurers, by the effects of COVID-19 crisis on the financial markets and a higher volume of claims.
More
BULGARIA: GROUPAMA Life Insurance gets regulatory nod to absorb GROUPAMA EXPRESS Life
by Andrei Victor, 2020-05-18
Bulgaria's Financial Supervision Commission announced that it approved that local life insurer GROUPAMA Life Insurance to absorb its other life unit: GROUPAMA EXPRESS Life.
More
TUW PZUW is the mutual insurance market leader in Poland, with record results in 2019
by Daniela GHETU, 2020-05-21
TUW PZUW, the mutual insurer established by the PZU Group in 2016, ended 2019 with written premiums worth PLN 690 million while doubling its net profit and technical result as compared with 2018 and reaching a 31% market share on the mutual insurance market in Poland.
More
Triglav Group, 1Q2020: Gross premiums written increased to EUR 349 million
by press.release, 2020-05-19
Between January - March 2020, Triglav Group registered a net profit of EUR 22.4 million, 12% lower year-on-year due to major CAT events and a sharp decline on the international financial markets caused by COVID-19 pandemic.
More
Sava Insurance Group, 1Q2020: Operating revenues went up 16.2%
by press.release, 2020-05-19
For the first quarter of 2020, Sava Insurance Group generated operating revenues in amount of EUR 149.0 million (+16.2% year-on-year) and a net profit of EUR 10.3 million (-5.6% y-o-y).
More
Generali, 1Q2020: P&C combined ratio improved to 89.5%
by press.release, 2020-05-21
For the first three months of 2020, Generali Group recorded a net profit of EUR 113 million, 84.8% lower year-on-year. The group's operating result reached EUR 1,448 million, up 7.6%, driven by P&C and Asset Management growths.
More
Global Commercial insurance pricing up 14% in Q1 2020
by Andrei Victor, 2020-05-18
Global insurance broker MARSH released last week the Global Insurance Market Index for the first quarter of 2020. The increase, the largest since the index was launched in 2012, comes despite the minimal impact of the COVID-19 global pandemic on pricing in the quarter.
More
AZERBAIJAN: Central Bank revoked the license of Standard Insurance
by Marina MAGNAVAL, 2020-05-20
The Central Bank of Azerbaijan (CBA) has decided to revoke the license of Standard Insurance, as the agency FINEKO ABC.AZ informed.
More
RUSSIA: in 1Q2020 accumulative insurance share reached 26% of the life GWP
by Marina MAGNAVAL, 2020-05-19
For the first quarter, GWP of KAPITAL Life (among TOP-5 life insurers) increased by 14% y-o-y, exceeding RUB 5.3 billion (~EUR 61.82 million). Besides, based on the quarterly results, the company maintained leadership in terms of the number of effective accumulative life insurance contracts, ASN reports based to the data of the All-Russian Insurance Association (ARIA).
More
RUSSIA: dividends of RESO-Garantia for 2019 will amount to half of its net profit
by Marina MAGNAVAL, 2020-05-19
Based on the results for 2019, RESO-Garantia will pay dividends to its shareholders in the amount of RUB 4.9 billion (~EUR 70.7 million), which is about half of the group's net profit (RUB 9.8 billion) recorded last year, ASN reports citing the press-service of the insurer.
More
UKRAINE: from July 1, the National Bank will be ready to become the regulator of the non-banking services market
by Marina MAGNAVAL, 2020-05-19
The National Bank of Ukraine (NBU) continues its preparations for the transfer of regulatory functions of non-banking financial services market from the National Financial Services Commission, to become effective on July 1, 2020, Forinsurer reports.
More
DIA: How insurtechs and insurers are helping to fight the pandemic
by press.release, 2020-05-19
Written by - Roger Peverelli & Reggy de Feniks - Founders The DIA Community
More
Online Event: Insurance AI and Innovative Tech Virtual
by Adina TUDOR, 2020-05-19
Even before Covid-19 began its global march, the insurance industry was gearing up for profound change. But as the events of 2020 continue to evolve, there is growing sense of urgency for carriers to accelerate delivery of spot-on solutions for their customers.
More
|
| INSURERS
ON THE COVID-19 FRONT |
GENERALI actions against COVID-19 in the ACEER Region
by Andrei Victor, 2020-05-18
Italian insurer GENERALI announced that all its subsidiaries in ACEER Region (Austria, CEE & Russia Region) tooked part in different initiatives to help the clients and communities overcome the coronavirus crisis. Thus, GENERALI pubished an overview of actions being taken by its subsidiaries in the Austria, CEE & Russia Region. "It covers different initiatives which have been developed to assist our clients and communities".
More
RUSSIA: ROSGOSSTRAKH Life made its first payment on the risk of coronavirus
by Marina MAGNAVAL, 2020-05-20
ROSGOSSTRAKH Life company, which based on 2019 results ranked 7th among local life insurers, made its first payment under COVID-19 risk, as the insurer said on May 18th in a press release.
More
AVIVA Italy increasing its donations to more than EUR 400 k to Milan Municipality
by Andrei Victor, 2020-05-18
AVIVA Italy confirms its commitment towards the Milanese city with a new donation of more than EUR 200,000 to the local district of the Italian Red Cross, together with a donation of EUR 200,000 to support the Mutual Aid Fund instituted by the Mayor of Milan.
More
|
|
|
| MARKETS & TRENDS |
| ON
THE MOVE |
New leadership team at the insurers' association of Bosnia and
Herzegovina
by Daniela GHETU, 2020-05-21
Damir HADZIC, President of the Management Board of Euroherc osiguranje
dd Sarajevo, was reelected as President of the Management Board
of the Association of Insurance Companies in the Federation of
BiH (UDO FBiH) for the 2020-2024 term.
More
Irene DORNER is appointed Chairwoman of AXA's Audit Committee
by Andrei Victor, 2020-05-18
Following the death of Stefan LIPPE - AXA Director since 2012 and
former Chief Executive Officer of the Swiss Re Group, Director
of the Company and Chairman of the Audit Committee, AXA's Board
of Directors, upon recommendation of its Compensation & Governance
Committee, decided to designate Irene DORNER, director of the Company
and member of the Audit Committee since April 2016, as Chairwoman
of the Audit Committee. Irene DORNER should remain Chairwoman for
approximately a year.
More
|
| STATISTIC
UPDATES |
| EVENTS |
| CURRENT
XPRIMM REPORTS |
|
