 STATISTICS |
STATISTICS: HUNGARY,
1H2020: Insurers' profits expanded to more than EUR 140 million
by Andrei Victor, 2020-10-01
According to the half-year market figures published by the Central Bank
of Hungary - MNB, the insurance sector's 1H2020 premium income amounted
to HUF 613 billion (~EUR 1.72 billion), rising in local currency by 3.65%
y-o-y. Life insurance H1 2020 premium income increased by about 0.59% to
HUF 259.4 billion, while non-life segment expanded by more than 6pp to
HUF 353.69 billion. About 42.31% of premium income originated from the
life insurance business and 57.69% from the non-life insurance business.
 More
STATISTICS: POLAND,
1H2020: 7% y-o-y decline of the market net profit, but still a market
of over EUR 7 billion at mid-year
by Daniela GHETU,
2020-10-01
Polish insurers ended the first half of 2020 with a 6.7% y-o-y decline
of the GWP volume, to EUR 7.05 billion. In absolute terms, this means an
about EUR 512 million drop in the market premiums turnover, almost equally
divided between the life and non-life segments. Yet, given the about 5%
depreciation of the Polish currency against Euro, the market results denominated
in local currency look much better, showing just a 2% depreciation of the
GWP volume.
More |
TOP
NEWS |
Insurance Europe: IDD shows effectiveness of well drafted, sector-specific rules
by press.release, 2020-10-01
Insurance Europe has published an insight briefing on the Insurance Distribution Directive (IDD). During the two years since the IDD came into force on 1 October 2018, insurers have fully embraced this new legal framework, which provides significant benefits for both consumers and insurers.
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EUROHOLD Bulgaria, H1 2020 results: insurance revenues offset the reduced incomes from leasing and sales sales due pandemic
by Andrei Victor, 2020-09-29
Bulgarian financial group EUROHOLD, increased its H1 2020 revenues by the insurance business line in the context of the COVID-19 pandemic, according to the holding's consolidated financial statement for the period January-June 2020.
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KOSOVO: CBK and Kosovo Competition Authority discussed about MTPL market liberalization
by Cosmin CONCEATU, 2020-10-01
The Deputy Governor of the Central Bank of Kosovo (CBK) for Financial Supervision, Sokol Havolli and the Chairman of the Kosovo Competition Authority (KCA) , Valon Prestreshi presented to the media the measures taken regarding the new model that will be applied with the cost of compulsory insurance.
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LATVIA: The number of vehicles which advanced in MTPL Bonus classes increased, while the number of vehicles in Malus classes lessened
by Cosmin CONCEATU, 2020-10-01
According to the data of the Latvian Motor Insurers' Bureau (LTAB), the recalculation of the annual insurance risk assessment of Bonus-Malus system (B/M) classes, which takes place every year on September 15, this year the BM class has increased for 348,226 vehicles, decreased for 197,540 vehicles and remained the same for 550,662 vehicles.
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POLAND: KNF gives consent for UNIQA to take over Polish branches of AXA
by Cosmin CONCEATU, 2020-09-28
During its meeting on September 17, 2020, the Polish Financial Supervision Authority approved the acquisition of AXA businesses from Poland by UNIQA Group.
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ROMANIA, UNSAR-IRES study: 9 out of 10 Romanians say that climate change is real
by Daniela GHETU, 2020-10-01
90% of Romanians believe that climate change is a real fact, according to the latest sociological research conducted by UNSAR in partnership with IRES. The percentage is similar to the one that emerges from the analysis made in the previous year, a sign that Romanians continue to be concerned about the reality of climate change.
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ROMANIA, Private Pensions, Pillar II, H1 2020: payments of RON 71.25 million for 5,188 participants and beneficiaries
by Andrei Victor, 2020-10-01
The value of the total assets under management, at the level of the entire Romanian private pensions system, has reached the amount of RON 68.57 billion, at the date of 30.06.2020, exceeding in European currency equivalent the value of EUR 14 billion, increasing by 6.31%, as compared to December, 2019.
More
Swiss Re announces further plans to streamline legal entity structure of the Group
by press.release, 2020-09-28
Swiss Re announced further streamlining of the legal entity structure of the Group. Following the announcement on 19 June 2020 that the Life Capital Business Unit will be disbanded, Swiss Re intends to also reorganise the legal entity structure of its Corporate Solutions Business Unit.
More
Allianz and Athora Holding, in talks to buy Aviva's French operations
by Cosmin CONCEATU, 2020-09-28
A consortium of German insurer Allianz and life insurer Athora Holding is in advanced talks to buy Aviva's French operations in a deal worth between 2 and 3 billion euros (USD 2.3 - USD 3.5 billion), StreetInsider.com reports, citing sources close to the matter.
More
A.M. Best confirms SCOR's Financial Strength Rating of 'A+ Superior' and its Issuer Credit Rating of 'AA-'
by Cosmin CONCEATU, 2020-09-28
A.M. Best has decided to affirm SCOR's Financial Strength Rating of 'A+ (Superior)' and its Long-Term Issuer Credit Rating of 'aa-'. According to A.M. Best, this decision reflects "SCOR's balance sheet strength, which A.M. Best categorises as very strong, as well as its strong operating performance, very favourable business profile and very strong enterprise risk management."
More
Toronto Centre: Financial authorities and firms need to adapt to the operational constraints and heightened risks resulting from COVID-19
by Cosmin CONCEATU, 2020-09-28
Toronto Centre published a guide containing a framework for all financial supervisors and regulators to address the immediate and the longer-term consequences of COVID-19 on their financial sectors.
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KAZAKHSTAN: for 8 months of 2020, voluntary personal accident insurance increased by 18% y-o-y
by Marina MAGNAVAL, 2020-09-29
From January to August 2020, voluntary personal accident insurance in Kazakhstan increased by 18% compared to the same period in 2019, Allinsurance.kz reports.
More
KYRGYZSTAN: Total income of insurance companies in the first half of the year dropped by almost 7% y-o-y
by Marina MAGNAVAL, 2020-10-01
In 1H2020, total income of insurers in Kyrgyzstan amounted to KGS 593.5 million (~EUR 6.94 million*), which is 6.9% less y-o-y, according to the National Statistical Committee of the Kyrgyz Republic.
More
RUSSIA: products of SBERBANK Insurance and SBERBANK Life insurance combined under a single brand SberStrakhovanie
by Marina MAGNAVAL, 2020-09-29
The products of SBERBANK Insurance and SBERBANK Life insurance have been combined to operate under SberStrakhovanie brand.
More
RUSSIA: The amount of insured property interests of farmers is only 7.4% of damage from natural disasters
by Marina MAGNAVAL, 2020-10-01
According to the estimation of Russian constituent entities, the damage to agricultural producers from natural disasters at the moment is about RUB 7.5 billion (EUR 80.62 million*), of which the amount of insured property interests is only RUB 555 million, the Minister of Agriculture Dmitry PATRUSHEV said on September 30.
More
UKRAINE: partnership of ARX and InfoCar to make motor insurance more affordable
by Marina MAGNAVAL, 2020-09-29
ARX insurance company, which is among TOP-3 non-life insurers in Ukraine, and the country's largest automotive media resource InfoCar announced a global partnership to make motor insurance more understandable and affordable, which also includes development and promotion of new products and online services, Forinsurer reports.
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Katarina Slezakova was elected to the Supervisory Board of Vienna Insurance Group
by Cosmin CONCEATU, 2020-09-28
During the 29th Annual General Meeting of VIENNA INSURANCE GROUP AG Wiener Versicherung Gruppe, held virtually on 25 September 2020, Katarina Slezakova was elected to the Supervisory Board.
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Sorin Greceanu elected as Vice President of the Council of Bureaux
by Cosmin CONCEATU, 2020-09-29
On 24th September 2020, during the 54th General Assembly of the Council of Bureaux (CoB), 40 organisations were admitted as members of the Association in their capacities of Guarantee Fund, Compensation Body and/or Information Centre. CoB also announced the election of Sorin Greceanu, General Manager of the Romanian Motor Insurers Bureau (BAAR), as Vice-President of the organization.
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Guy Carpenter announced senior appointment to Property Catastrophe value proposition
by Cosmin CONCEATU, 2020-09-28
Guy Carpenter & Company, today announced the appointment of Paul Miller to lead Guy Carpenter's Property Catastrophe value proposition for UK, Global Specialties and key global clients, effective September 2021.
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Fausto Parente reappointed as Executive Director of EIOPA
by Cosmin CONCEATU, 2020-09-30
The Board of Supervisors of the European Insurance and Occupational Pensions Authority (EIOPA) has decided to extend the term of Fausto Parente, the current Executive Director of EIOPA, for another five years.
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TURKEY: Anna Grzelonska appointed as CEO of NN Hayat ve Emeklilik
by Cosmin CONCEATU, 2020-09-28
Anna Grzelonska will be appointed Chief Executive Officer (CEO) of Hayat ve Emeklilik, effective 1 December 2020, subject to regulatory approval. As CEO of Hayat ve Emeklilik, Anna will focus on continuing our growth in the local market.
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Allianz SE announced changes to the Board of Management
by Cosmin CONCEATU, 2020-09-28
Allianz SE announced several changes to its Board of Management. Both new board appointments are subject to regulatory approval.
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Massimiliano Ottochian appointed Group Head of M&A at Generali
by Cosmin CONCEATU, 2020-10-01
Massimiliano Ottochian has been appointed Group Head of Mergers & Acquisitions at Generali, reporting directly to the General Manager, Frederic de Courtois.
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| EVENTS |
WorldPensionSummit
2020
19 - 23 October 2020
Online event
Organizer:?P&I Events
Media Partner:?XPRIMM Publications
For details:?pionline.com/wps2020
The Future of Insurance Europe
24 - 25 November, 2020
Online event
Organizer: Reuters Events
Media Partner: XPRIMM Publications
For details: reutersevents.com
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