XPRIMM News No. 543, 08 April 2021

Swiss Re and Movingdots speakers confirmed for the Motor Insurance Conference on 20 April
by Daniela GHETU, 2021-04-08
The technological innovations of the past few decades have radically changed our lives, helping - among other -, insurers to partner their customers is applying the paradigm "prevention is better than cure". How this reality works in the field of motor insurance will make one of the main topics at the forthcoming Motor Insurance Conference, on 20 April.

Findings of the World Bank's study on the macro-fiscal impacts of earthquakes and floods in the EU presented in premiere at the Property Insurance Conference, on 22 April
by Daniela GHETU, 2021-04-08
Several major earthquakes hit areas of the Central and Southeastern Europe in 2019 and 2020, impacting in particular Albania, Croatia and Turkey. Beside the economic and social shock, these events has shown once again the dimensions of the insurance protection gap in the region, a topic that will come under debate at the Property Insurance Conference, on 22 April.

EVENT: P&I WorldPensionSummit Wanderlust Series will take place on the 14 April
by Irina GHETU, 2021-04-02
In the run up to the P&I WorldPensionSummit 2021, 12-14 October, P&I has created the Wanderlust Series featuring outperformers and trailblazers in a specific region. This series of webinars features different regions and was created in order to meet the desire to travel the world and learn and explore.

EUR 3.94 million paid ZURICH and Farmers Exchanges for MetLife P&C business in U.S.
by press.release, 2021-04-08
Zurich and Farmers Exchanges complete acquisition of MetLife property and casualty (P&C) business in U.S. for the amount of USD 3,94 billion. Zurich contributed USD 2.43 billion through its subsidiary Farmers Group, Inc. (FGI) and the Farmers Exchanges USD 1.51 billion.

Fitch affirms Hanover Insurance Group's Ratings; Outlook Stable
by press.release, 2021-04-05
On April 2, Fitch Ratings has affirmed the 'A' (Strong) Insurer Financial Strength (IFS) rating of The Hanover Insurance Company, the principal operating subsidiary of The Hanover Insurance Group. Fitch has also affirmed THG's senior unsecured notes at 'BBB'. The Rating Outlook is Stable.

Lloyd's reported aggregated FY2020 market loss of GBP 0.9 billion
by Andrei Victor, 2021-04-05
Lloyd's announced a loss of GBP 0.9 billion (pre-tax) for 2020, driven by GBP 3.4 billion net incurred COVID-19 losses, which contributed 13.3% to the market's combined ratio of 110.3%.

Aviva completes sale of its entire shareholding in Aviva Vita
by Andrei Victor, 2021-04-05
Aviva informed that it has completed the sale of its entire 80% shareholding in the Italian life insurance joint venture, Aviva Vita, to its partner UBI Banca.

Allianz completes the sale of closed life book portfolio in Belgium
by Andrei Victor, 2021-04-05
Allianz and Monument Re have completed the sale of part of Allianz's closed life book portfolio in Belgium to MONUMENT Assurance Belgium (MAB).

UNIQA maintains its capitalization at a high level in 2020
by press.release, 2021-04-08
The Solvency II capital requirement ratio of UNIQA was at 170 per cent in 2020 and continues to be at a very high level. The solvency ratio was high despite the sharp decline in interest rates and non-recurring effect and showed a Strong profitability of new business in life, health and pension funds.

Romanian insurance market's leader to be sold to global investor I3CP
by Andrei Victor, 2021-04-07
Romanian largest insurer CITY Insurance announced in a statement that local investment firm Vivendi International has reached an agreement with the Netherlands-based I3CP Holdings to sell its entire majority stake in the insurance company.

Slovenian ISA amends previous recommendation regarding dividend payments
by Andrei Victor, 2021-04-05
Slovenian Insurance Supervisory Authority informed in a letter sent to all local insurance, reinsurance and pension companies, that it will adjust its previous recommendation from March this year.

AZERBAIJAN: compulsory health insurance to cover the entire population from April 1
by Marina MAGNAVAL, 2021-04-06
Starting April 1, compulsory health insurance (CHI) covers the entire population of Azerbaijan, Trend reported referring to the State Agency for Compulsory Health Insurance.

KAZAKHSTAN: presented the first earthquake risk model, designed specifically for the Republic of Kazakhstan
by Marina MAGNAVAL, 2021-04-06
A year after the release of the review of the rating agency S&P Global Ratings, the first earthquake risk model Tremblor with a high degree of detail on the zoning of the territory was presented on the Kazakhstani insurance market.

KYRGYZSTAN: insurers' income in 2020 increased by more than 6% y-o-y
by Marina MAGNAVAL, 2021-04-08
In 2020, total income of insurance companies in Kyrgyzstan increased by 6.3% y-o-y and amounted to KGS 1.7 billion (~EUR 16.6 million*), as Economist.kg reports, citing the press service of the National Statistical Committee.

RUSSIA: SBERBANK Life insurance recognized as the company of the year in life insurance
by Marina MAGNAVAL, 2021-04-02
SBERBANK Life Insurance won the Grand Prix of the "Financial Elite of Russia 2020" award in the nomination Life Insurance Company of the Year. The awards ceremony took place on March 30 in Moscow, the insurer said in its press release.

RUSSIA: the balance of undisbursed allocated funds of RAMI reached the minimum value for the last 8 years
by Marina MAGNAVAL, 2021-04-06
Over the past two years (2019-2020) the balance of undisbursed allocated funds of the RAMI (Russian Association of Motor Insurers) reached its lowest level in the last 8 years (RUB 10.5 billion/EUR 0.11 billion*, - 42% in RUB).

SAVE THE DATE: LEPL and XPRIMM announce the 3rd International Insurance Conference for Georgia
by Daniela GHETU, 2021-04-08
Continuing their successful initiative of facilitating the dialogue between the Georgian insurers and their peers in the global insurance landscape, LEPL - the Insurance State Supervision Service of Georgia and XPRIMM announce the 3rd edition of the International Insurance Conference for Georgia, on 20 May, 2021.

STATISTICS: Czech insurers' YE2020 GWP increased by 1.2% y-o-y, CNB figures show
by Andrei Victor, 2021-04-08
The YE2020 statistics recently published by the Czech National Bank - CNB show that the local insurance industry totaled about CZK 168 billion (~EUR 6.4 billion), up by 1.23% y-o-y.

STATISTICS: : MOLDOVA, FY2020: market decline slightly slowed down after the third quarter and by the end of the year amounted to about 11%
by Marina MAGNAVAL, 2021-04-08
The insurance market of Moldova ended 2020 with a total GWP drop of almost 11% y-o-y in local currency (MDL 1.45 billion/EUR 68.77 million). Paid claims decreased by 8.78% to MDL 596.39 million.

STATISTICS: : GEORGIA, FY2020: the market increased by almost 7% in lari despite the pandemic
by Marina MAGNAVAL, 2021-04-08
At the end of 2020, the Georgian insurance market grew by 6.76% to GEL 667.28 million (EUR 165.85 million), with both insurance sectors increasing: non-life - by 6.48% and life - by 10.33%, according to data published by the Georgian Insurance Supervision Service.

Guy Hudson joins AHJ and AHJ Europe AS, to help their expansion plans in Central, Southern & East Europe.
by Daniela GHETU, 2021-04-08
Guy Hudson has recently joined AHJ / AHJ Europe AS to continue the reinsurance broker's expansion into the Central, South & Eastern European territory.

IGI has announced the appointment of Richard FOSTER and the launch of a new contingency business line
by Alexandra GUZUN, 2021-04-02
International General Insurance Holdings Ltd. (IGI) has appointed Richard FOSTER as Head of Property, Political Violence and Contingency Business and announced the launch of a new contingency business line.

AIG names Claude Wade as EVP, Global Head of Operations, Chief Digital Officer
by Andrei Victor, 2021-04-05
AIG - American International Group announced that Claude Wade will join the company in the second quarter of 2021 in the newly created role, Executive Vice President (EVP), Global Head of Operations and Chief Digital Officer, AIG.

Teodor UNGUREANU is the new General Manager of MOLDCARGO
by Alexandra GUZUN, 2021-04-05
Teodor UNGUREANU is the new General Manager of the insurance company MOLDCARGO, according to an announcement published by the National Financial Market Commission (CNPF).

Ex-Lloyd's of London CEO nominated to the NN Group SB
by Andrei Victor, 2021-04-05
The Supervisory Board (SB) of NN Group has decided to nominate Inga BEALE for appointment as member of NN Group's Supervisory Board for a term of four years.?

• XPRIMM Ins. Report 1H2020
• RUSSIA FY2019
• TURKEY FY2019/1H2020
• Motor Ins. Report FY2019/1H2020
• Property Ins. Report FY2019/1H2020