 TOP
NEWS |
Insurers
respond to EIOPA proposals on Solvency II supervisory reporting
and public disclosure
by press.release, 2020-06-05
Insurance Europe and the CFO Forum have submitted a joint response
to a consultation by the European Insurance and Occupational Pensions
Authority (EIOPA) on the review of technical implementation means
for Solvency II supervisory reporting and public disclosure on wave
three of the reporting consultations.
 More
Insurance
Europe calls for principles-based EU framework for AI that supports
innovation
by press.release, 2020-06-11
Insurance Europe has today published its response to a white paper
by the European Commission on its upcoming consultation on a framework
for artificial intelligence (AI).
More
VIG
subsidiaries in the Baltics, COMPENSA VIG and SEESAM Insurance, will
fully merge after July 1st
by Daniela GHETU, 2020-06-11
Starting July 1st, COMPENSA Vienna Insurance Group and SEESAM Insurance
will complete the merger and become one insurance company. SEESAM,
one of oldest insurers in the Baltics, entered the VIG family in
2008, with its life insurance unit, followed in 2018 by the acquisition
of the non-life company.
More
ROMANIA:
ALLIANZ-TIRIAC saw a 43% increase in the operational profit in 1Q2019
by Daniela GHETU, 2020-06-11
Romanian subsidiary of the German ALLIANZ Group, ALLIANZ-TIRIAC Insurance,
recorded solid results in Q1, with increasing sales on all business
lines and the consolidation of operational profitability, the company
announced.
More
NatCat
events produced tens of billions USD economic losses during May 2020
by Cosmin CONCEATU, 2020-06-11
During May 2020, severe weather events have hit multiple geographical
areas across the world. During this month, more than 600 people have
lost their lives because of NatCat events, while the total global
economic losses exceeded USD 21 billion, the latest analysis published
Aon shows.
More
Financial
services associations call for development of centralized public
register for ESG data
by press.release, 2020-06-11
A group of financial services trade associations - including Insurance
Europe - has called for the creation of a centralized public register
for Environmental, Social and Governance (ESG) data in the EU.
More
Zurich
announced the successful placement of EUR 750 million of dated subordinated
debt
by press.release, 2020-06-10
Zurich Insurance Group (Zurich) announced the successful placement
of EUR 750 million of dated subordinated notes. The notes, which
will mature in September 2050 and are first callable in June 2030,
will be issued by Zurich Finance (Ireland) DAC.
More
BELARUS:
ERGO was advised on the sale of its Belarusian branch by Sorainen
by Marina MAGNAVAL, 2020-06-09
Sorainen, a fully integrated regional business law firm with offices
throughout the region (in Estonia, Latvia, Lithuania, and Belarus),
has advised ERGO Group on the sale of its non-life subsidiary in
Belarus to the EUROINS Group, as CEE Legal Matters informed.
More
KAZAKHSTAN:
S&P: The insurance market is more resilient to a recession than other industry
sectors
by Marina MAGNAVAL, 2020-06-09
According to a recent report of S&P
Global Ratings, the agency believes that most insurers should be
able to absorb COVID related claims and market volatility.
More
RUSSIA:
Insured amount for the Russian Okhotnik stealth drone will exceed
USD 20 million
by Marina MAGNAVAL, 2020-06-09
The Russian latest stealth drone Okhotnik (Hunter), developed by
the Sukhoi Aircraft Company, will be insured for almost RUB 1.3 billion
(more than USD 18 million), as TASS agency informed according to
the government's web portal.
More
RUSSIA:
over half of RESO-Garantia's GWP came from motor insurance in the
first quarter
by Marina MAGNAVAL, 2020-06-10
In 1Q2020, RESO-Garantia's GWP reached RUB 25 billion (~EUR 0.3 billion),
which is 17.9% more y-o-y, according to the preliminary data released
by the company. At the same time, the insurer's net profit amounted
to RUB 14.7 billion, ASN reports based on the company's press service.
More
RUSSIA:
in the first quarter of 2020 INGOSSTRAKH registered a loss after
tax of RUB 442 million
by Marina MAGNAVAL, 2020-06-10
For the first quarter of 2020, the loss after tax of INGOSSTRAKH
amounted to RUB 442.3 million (~EUR 5.1 million) due to revaluation
of securities in the company's portfolio, ASN reports with reference
to the insurer's report on the financial results.
More
UKRAINE:
the number of complaints about delays in MTPL claim payments decreased
by 75% in the past 5 years
by Marina MAGNAVAL, 2020-06-10
From 2015 to 2019, the claims volume paid by local MTPL insurers
to the victims of road accidents amounted to almost UAH 9 billion
(~EUR 0.34 billion), according to MTIBU's (Motor Transport Insurance
Bureau of Ukraine) analysis of the MTPL market dynamics.
More
UZBEKISTAN:
97% of O`zbekinvest Hayot paid claims fell on voluntary insurance
in 1Q2020
by Marina MAGNAVAL, 2020-06-09
In the first quarter of 2020, the claims paid by O`zbekinvest Hayot
insurance company, the leader of the insurance market in Uzbekistan,
exceeded UZS 27.4 billion (~EUR 2.7 million), according to UzReport.
More
|
| ON
THE MOVE |
Global Reinsurance Forum appoints Emmanuel Clarke as Chairman, Jean-Jacques
Henchoz as Vice Chairman
by press.release, 2020-06-09
At a recent meeting of the Global Reinsurance Forum (GRF) Emmanuel Clarke,
President and CEO PartnerRe, has assumed the role of GRF Chairman for
a two-year term, succeeding Kevin O'Donnell, CEO RenaissanceRe, who became
Chairman in 2018. Jean-Jacques Henchoz, CEO Hannover Re, was elected
Vice Chairman.
More
GENERALI: GBL and GC&C divisions announced
key appointments
by Andrei Victor, 2020-06-09
GENERALI Global Business Lines (GBL) and GENERALI Global Corporate & Commercial
(GC&C) announce key appointments to further enhance strategy execution.
More
WICKE to take over as CFO of TALANX in September 2020
by Andrei Victor, 2020-06-09
German insurer TALANX informed Jan WICKE, previously responsible on the
Board of Management for the Retail Germany Division, will take over as
CFO as from 1 September 2020. He will replace Immo QUERNER who will leave
the company on the best of terms and by mutual agreement effective 31
August 2020. At the same time, GOTHAER manager Christopher LOHMANN was
appointed as Board of Management member responsible for business in Germany.
More
AXA XL appointed Xavier Veyry as CEO Asia and Europe
by press.release, 2020-06-11
AXA XL today announced that Xavier Veyry has been appointed as CEO Asia & Europe.
In taking up the role, Mr. Veyry will join AXA XL's newly configured
Leadership Team, reporting to Scott Gunter, CEO.
More
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| INTERVIEW |
 Kiril
BOSHOV
CEO
EUROINS Insurance Group
by Mihaela CIRCU
2020-06-10
We will continue to follow our growth strategy which is focused on turning EUROINS
Insurance Group into one of the leading independent insurance groups in CEE and
SEE as well as in the CIS countries. I believe that in future we will see more
regionally-oriented insurance groups that will possess a better and more in-depth
view over the concrete market they operate in. In this context, I think that
EIG is well positioned in the current changing environment.
More |
| INSURERS
ON THE COVID-19 FRONT |
VIG
has invested in APEIRON Biologics AG
by Andrei Victor, 2020-06-09
Austrian insurer VIG informed that APEIRON Biologics AG successfully performed
its planned capital increase with subscription rights and private placement,
raising EUR 11.9 million on 2 June 2020. "At
around EUR 7 million, Vienna Insurance Group was the anchor investor in
this round of financing. Vienna Insurance Group holds a direct interest
of just over 3% in APEIRON".
More
White
Paper: The Impact of Covid on the Speed of Digital Transformation
in Insurance
by Adina TUDOR, 2020-06-05
There is no doubt that the pandemic has a kind of impact on the insurance
industry we have not seen before. Some carriers might tend to cut costs
and postpone investments.
More
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| STATISTIC
UPDATES |
STATISTICS: ALBANIA,
1Q2020: Insurers reported huge increase in property claims
by Andrei Victor, 2020-06-11
According to the first-quarter 2020 figures published by the Albanian
Financial Supervisory Authority (AFSA), the local insurance market
amounted to over ALL 3,590 million (~EUR 27.47 million*), or 9.56%
less compared to January - March 2019.
More
STATISTICS: CROATIA,
1Q2020: Local insurers' GWP exceeded EUR 400 million
by Andrei Victor, 2020-06-11
The Croatian insurance market ended 1Q2020 with GWP worth HRK 3
billion (~EUR 402 million*), 4.12% up y-o-y. The largest contributions
to the aggregate GWP, in absolute terms, came from the motor insurance
classes, traditional life insurance and both property LoBs, according
to the figures published by the Croatian Insurance Bureau.
More
STATISTICS: ARMENIA,
1Q2020: Market declined by more than 4% amid insurers' net profit
6.5-fold growth
by Marina MAGNAVAL, 2020-06-11
Armenian insurance market ended 1Q2020 with a decline in GWP by 4.19% y-o-y,
the premiums volume amounting to AMD 15.8 billion (~EUR 28.59 million*). The
market paid claims increased by 7%, to AMD 6.38 billion (~EUR 11.53 million*),
according to the data of insurance companies, provided by ArmInfo.
More |
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| CURRENT
XPRIMM REPORTS |
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