Which part of the insurers' activities is more important when customers need to assess the quality of services they receive? Doubtless, the settlement of claims seems the correct answer. The International Conference on Insurance Claims, to take place in Bucharest, on 29 May will address the main aspects related to claims management processes.
The 25th edition of FIAR – the International Insurance-Reinsurance Forum will take place in Bucharest, at the Sheraton Hotel, between 26-28 May. The four conferences hosted by FIAR will offer fresh information on topics of great interest, as well as exciting networking opportunities.
Leonardo MEOLI, Head of Sustainability Business Integration, Generali Group has confirmed his presence at the ESG IN INSURANCE Conference, in Vienna, to talk about Generali’s commitment to sustainability and boost “just transition” among European’s SMEs.
Join market participants from across the Central and Eastern Europe (CEE) insurance markets at AM Best’s CEE Insurance Market Briefing – Vienna on Wednesday, 17th April 2024, under the conference theme of Insurers "Navigating Geopolitical and Emerging Risks".
Latvian Insurers Association announces opening of registration for the 19th international conference “Insurance and Reinsurance in the Baltics” on 25 April 2024, which will take place in Riga and online.
How trustful is a potential business partner? Who certifies its trustfulness, its creditworthiness? Ratings are the first check point when deciding whether to do business with an entity. Join the AM Best's CEE Insurance Market Briefing – Vienna, on 17 April, not only to take the pulse of the fast-evolving challenges in the insurance field, but also to find out more about the rating building blocks, the meanings behind the assigned ratings.
The Third Annual Conference of the Eastern European Risk and Insurance Association (EERIA) will take place between 19 - 21 September 19, 2024, organized by the Faculty of Economics and Business Zagreb.
To meet the EU’s climate targets and help speed up society’s transition to a net-zero economy, investments in sustainable activities are needed. As long-term investors with an overall balance sheet measured in tens of trillions of Euro, insurers and IORPs have an important role to play.
“The global reinsurance industry has struggled to source, develop, and trade in ESG transactions. From concerns about being too far from the risk to influence the behavior of insureds to questions about the cost of green transactions, the result has been an industry commitment to ESG that has largely fallen flat”, explains Tom Johansmeyer, Global Head of Index Classes,
Inver Re.
Less than 4 weeks to go! Register now and join market participants from across the Central and Eastern Europe (CEE) insurance markets at AM Best's CEE Insurance Market Briefing - Vienna on Wednesday, 17th April 2024.
Insurers are in the business of risk, but the risk landscape constantly changes. Around ten to fifteen years ago, there was a degree of stability globally, with less anguish about the economic, environmental and geopolitical forces at play. In the recent five to ten years there have been frequent natural catastrophes, pandemics, supply chain breakdowns, heightened inflation and interest rate rises, that are forcing industry participants to consider whether we are in a Poly/Permacrisis, and how to manage it.
With a new team at the helm at the market authority, several upgrades of the regulatory framework under way and market players’ strong willingness to improve the market environment, the Romanian insurance field is a business area worth exploring. The 25th edition of FIAR – the International Insurance-Reinsurance Forum provides the ideal platform to meet these opportunities.
The event will take place in Bucharest, at the Sheraton Hotel, on 26-28 May.
The Forum will host four conferences that will address the most challenging issues in the current insurance landscape in a total of four conferences:
27 May
The Azerbaijan Insurers Association together with XPRIMM are pleased to announce a new edition of the most important event in the Caucasus Region, the Azerbaijan International Insurance Forum, to be held in Baku, on 20-21 June.
Regulators globally are taking growing interest in sustainability issues by applying actions and requiring more scrutiny around ESG issues. Yet, the regulatory landscape at the EU level is uneven, with varying levels of commitment to ESG goals among different countries.
Stemming from the dynamic and evolving nature of cyber risks, the cyber insurance business’ complexity is increasing fast. Insurers must navigate a landscape fraught with diverse and sophisticated threats and
Developing an Appropriate Approach to the Cyber Risk Threat is instrumental.
With a new team at the helm at the market authority, several upgrades of the regulatory framework under way and market players’ strong willingness to improve the market environment, the Romanian insurance field is a business area worth exploring. The 25
th edition of
FIAR – the International Insurance-Reinsurance Forum provides the ideal platform to meet these opportunities.
In the current economy, one certainty prevails: uncertainty. Everything remains subject to change at any moment, often unfolding in the most unexpected ways. Crisis after crisis, the world appears to endure a perpetual state of uncertainty and upheaval. AM Best’s CEE Insurance Market Briefing – Vienna on Wednesday, 17th April 2024 will investigate the ways of dealing with this status of permacrisis.
Insurers and pension funds may play an instrumental role in building a more sustainable economy, either by reducing the protection gap or by capitalizing on their status as the largest institutional investors, uniquely positioned to contribute to sustainable economic growth. The ESG IN INSURANCE Conference to be held in Vienna, on 16 April, will approach both these standpoints.
FIAR is pleased to announce that its 25th Edition will take place in Bucharest, Romania, between
26-28 May. Online registration is already opened on the
event’s website at an EARLY BIRD discounted rate.
Tobias SONNDORFER, Vice-Chairman of the Board of Directors, VIG Re, will give the Keynote Speech on the changing landscape for CEE (re)insurers at AM Best's CEE Insurance Market Briefing – Vienna, on 17 April.
Doris PÖPPLEIN, Senior Sustainability Analyst, and Dr. Annina ANGSTMANN, Head P&C Solutions NCEE, Director, Swiss Re Solutions, Switzerland will address the Disaster Risk Resilience topic in the ESG context at the upcoming
ESG IN INSURANCE Conference, in Vienna, on 16 April.
ESG risks remain at a medium level, insurers’ median exposure towards climate-relevant assets hovers around 3.3% of total assets, while their investments in green bonds are steady at around 7% of total green bonds outstanding, the latest
Insurance Risk Dashboard published by EIOPA shows. The ESG IN INSURANCE Conference to be held in Vienna, on 16 April, will touch several aspects of ESG risks for insurers, but also of the way insurers are relevant for increasing society’s resilience overall.
Insurers are in the business of risk, but the risk landscape constantly changes, is the premise from which started the design of the forthcoming AM Best's CEE Insurance Market Briefing – Vienna, under the titles “Navigating geopolitical and emerging risks”. The event will place on 17 April, at the Vienna Marriott Hotel, with the support of XPRIMM.
The second edition of the ESG IN INSURANCE Conference, to be held at the Vienna Marriott Hotel, on 16 April lines up a team of highly relevant speakers. Vienna Insurance Group (VIG) is the conference’s Official Partner, while Slovenian Reimpact Re and Turkish IUC Groups also supporting the event’s organization.
Helena VIÑES FIESTAS, Chair of the EU Platform on Sustainable Finance, Commissioner of the Spanish FMA, Spain is a confirmed speaker at the 2024 edition of the ESG IN INSURANCE Conference, to be held in Vienna on 16 April.
Michaella KOLLER, General Director, Insurance Europe and Matti Leppälä, Secretary General, CEO, PensionsEurope have confirmed their presence as speakers at the second edition of the ESG IN INSURANCE Conference, to be held in Vienna, on 16 April.
Mrs. Petra HIELKEMA, Chairperson, EIOPA and Mr. Hartwig LÖGER, CEO & Chairman of the Board, Vienna Insurance Group have will be the Keynote Speakers at the second edition of the ESG IN INSURANCE Conference, to be held in Vienna, on 16 April.
Just one day after the UN concludes its international climate change conference (COP28) in the United Arab Emirates, Insurance Europe will hold an expert debate in Brussels on climate resilience and adaptation.
The second day of the International Insurance Fair and Congress in Antalya hosted several panels of discussions. Panelists discussed the role of insurance intermediaries and technology in the overall development of the market. Disaster insurance and the role of urbanization in facing the impact of climate change made another line of debates. The second day also hosted a panel dedicated to insurance markets in the Eurasian region.
The second day of the 2nd International Insurance Fair began with a panel titled "The Role of Intermediaries in the Future," emphasizing the significance of agents and brokers in the industry and underscoring that a future without intermediaries is not plausible.
The Insurtech Digital Panel in the second day of the International Insurance Fair and Congress in Antalya brought into discussion not only the necessity and benefits of digitalization in insurance, but also some of the most frequently encountered fears about embracing the technological “revolution” in course.
The “Leadership Role of Companies in the Future” panel was chaired by the NTV Journalist Noyan Doğan. Panelists discussed about the perspectives of the insurance sector for the next decades, touching topics as the sustainable competition, long-term structuring of the sector, challenges and opportunities, role and impact of distribution agents etc. The contributors to the panek were Yavuz ÖLKEN, General Manager, AXA; Şenol ORTAÇ, General Manager, Hepiyi Sigorta; Murat ŞİŞLİ, General Manager, CORPUS and Doç. Dr. Özgür AKPINAR.
The second day of the International Insurance Fair and Congress hosted a panel titled "The Role of Urban Transformation in Disaster Management". During the panel moderated by SEDDK Vice President Mehmet VERIM, top TSB representatives Ahmet YAŞAR, Vice President and Atilla Oksay, Deputy General Manager, as well as KENTHAŞ General Manager Özcan BIÇER and Assoc. Prof. from Marmara University. Dr. Özgür AKPINAR shared their views on the way urban transformation should consider all issues related to disaster management and mitigation.
The main topics of the “Sustainable Insurance in the Future” panel moderated by Mrs. Dilek SAKALLIOĞLU, Vice President, SEDDK were digitalization and technology, strong capital, customer satisfaction, data-based business management, education and employment, climate and environment. The panel’s discussions were joined by Ceyhan HANCIOĞLU, General Manager, MAGDEBURGER; Fahri UĞUR, CEO, SOMPO; Firuzan İŞCAN, General Manager, HDI and Prof. Dr. Erdem KIRKBEŞOĞLU, Başkent University, Insurance and Risk Management Department.
Welcoming the professionals gathered at the International Insurance Fair and Congress’ second edition, İbrahim Temiz, Chairman of the Board of Directors for the organizing body, underscored the fair's pivotal role as a significant platform for all industry stakeholders. To illustrate the accuracy of this statement, the inaugural addresses delivered by Hakan Ülgen, President of the TOBB Aydın Chamber of Commerce, and Davut Menteş, the newly appointed President and ex Deputy Chairman of SEDDK (the Insurance and Private Pension Regulation and Supervision Agency) addressed the role of the market bodies in the insurance market’s development and pledged continued collaboration with all stakeholders and a commitment to contribute sensibly to the sector and the nation.
Today started in Antalya the second edition of the International Insurance Fair and Congress, an event aiming to bring together the professionals of the sector, increasing their cooperation and increasing the insurance penetration rate (insurance rate) in the society. XPRIMM supports the event as Media Partner.
The 2023 edition of the Insurance Conference of the Republic of Moldova will take place on Tuesday, 17 October, in Chisinau. Organized by XPRIMM, the event benefits from the official support of the National Bureau of Motor Insurers of Moldova and CNPF – the National Commission for Financial Markets.
The 2023 edition of the Insurance Conference of the Republic of Moldova will take place on 17 October, in Chisinau. Organized by XPRIMM, the event benefit from the official support of the National Bureau of Motor Insurers of Moldova and CNPF – the National Commission for Financial Markets.
With legislation changes ahead and two recent big bankruptcies as a heritage of the last years, the Romanian insurance market is going through a reset moment, going back to reinvent itself on new basis, striving to rebuild customers trust and developing business on better, more sustainable basis.
With legislation changes ahead and two recent big bankruptcies as a heritage of the last years, the Romanian insurance market is going through a reset moment, going back to reinvent itself on new basis, striving to rebuild customers trust and developing business on better, more sustainable basis. The four conferences of the International Insurance-Reinsurance Forum, FIAR 2023 will analyze the current situation and the market perspectives, inventorying the opportunities for future development.
"While one of the truly challenging aspects is how to know your client, technology helps insurers a lot when it comes to assessing a driver's risk," says Boguslaw SKUZA, Managing Director, Global Business Development, uAvionics Technologies Ltd Poland, adding that to make thing work well on long term, "it is also very important for the apps you create to be well integrated with the fast-evolving mobile phones."
For those who have missed the ESG IN INSURANCE Conference on 4 April, or the Motor Insurance Conference on 5 April in Vienna, of for the attendants that would like to remember the content of the presentations, the video footage of both conferences is now available online.
Tbilisi will host on 4 May the 2023 edition of the International Insurance Conference of Georgia, an event organized at the initiative of the State Insurance Supervision Service of Georgia and with the logistical support of XPRIMM. The Conference will provide for a comprehensive analysis of the current status of the Georgian market, as well as its development perspectives and strategic steps towards a mature, highly professionalized market.
The third edition of the International Insurance Conference of Georgia will take place on 4 and 5 May 2023, in Tbilisi. Organized at the initiative of the State Insurance Supervision Service of Georgia and with the logistical support of XPRIMM, the event will be hosted by the Republic Center and will address some of the most important topics concerning the Georgian insurance market.
How can insurers deal with the current challenges in the motor insurance business and what should they expect from the future, the new capabilities brought by technology and the changing mobility options? Some answers will come today in Vienna, at the Motor Insurance Conference organized by XPRIMM. BAAR is the conference's Official Partner, while RECREX and HELLAS Direct are supporting the conference as partners.
Today takes place in Vienna, at the historic Bristol Hotel, the first ESG IN INSURANCE Conference. Organized by XPRIMM, and with Vienna Insurance Group as Official Partner, the event benfitted also from the support of the Turkish IUC Group.
The 2023 edition of FIAR - The International Insurance-Reinsurance Forum will be held at the Sheraton Hotel, in Bucharest, between 14-16 May. The Forum's 24th edition will host four conferences and multiple networking opportunities.
Join Doris P?pplein, Senior Sustainability Analyst, and Dr. Annina Angstmann, Head P&C Solutions NCEE, from Swiss Re will outline, at the ESG IN INSURANCE Conference in Vienna, how sustainability could prove an opportunity for underwriting.
If electrification of vehicles, connected and autonomous vehicles, as well as regarding MaaS (Mobility as a Service) are reshaping the core aspects of mobility, the insurance industry needs to follow the trends and also seize the benefits of the mobility revolution happening around us.
The 2023 edition of the year the Croatian Insurance Days Conference will take place between 3 and 5 May, in Opatija, at AmadriaPark Grand Hotel 4 Opatijska Cvijeta. XPRIMM Publications are once again supporting the conference as Media Partner.
One week before its debut, the 10th edition of the MOTOR Insurance Conference aligns an exceptional team of international speakers. IIF 2023 – MOTOR Insurance Conference - “Reshaping motor insurance business” will take place in Vienna, at the Bristol Hotel, on 5 April.
In less than two weeks, on 4 April, Hotel Bristol in Vienna will host the first edition of the ESG IN INSURANCE Conference. Organized in partnership with Vienna Insurance Group and with the support of IUC Group, the event will provide an encompassing review of the impact that incorporating ESG goals may have on insurers' business.
Motor insurance is one of the business lines holding a highly relevant share in all markets, especially in the still emerging ones where it actually dominates the market portfolio. As such, all the significant events in this line of business are affecting the market as whole.
Vienna will host on 4 April, at the Bristol Hotel, the first edition of the ESG IN INSURANCE Conference, organized by XPRIMM, with the kind of support of Vienna Insurance Groups, as Official Partner, and the IUC Group. Participants from 18 countries, representing 36 companies and institutions have also registered.
Answering to the ESG IN INSURANCE Conference goal of exploring different approaches to building an effective ESG strategy, Nina KELEMEN, CFA, Sustainability Manager for Zavarovalnica Triglav, the mother company of one of the most important groups in the CEE will present Slovenian's strategic sustainability journey as well as the Group's opinion on the challenges raised by the implementation of ESG regulation.
Motor insurance is a rapidly changing landscape. Changing mobility options, accompanied by fast developing digital technologies and, why not, a bright new vision on the way motor insurers should serve their clients are opening a broad range of possibilities that will be explored at IIF 2023 - MOTOR INSURANCE Conference - "Reshaping motor insurance business", on 5 April, in Vienna.
The 2023 edition of FIAR - The International Insurance-Reinsurance Forum will be held at the Sheraton Hotel, in Bucharest, between 14-16 May. The Forum's 24th edition will host four conferences and multiple networking opportunities.
Felix BEGUN, mathematician for insurance and pension supervision at the Austrian FMA, the institution's expert on ESG issues, will give a presentation at the ESG IN INSURANCE Conference in Vienna, on 4 April.
"2023 will be the year of AI for Insurance," Arndt GOSSMANN, CEO, DGTAL predicts, and he will explain the reasons that motivate his opinion at IIF 2023 - MOTOR INSURANCE Conference - "Reshaping motor insurance business", on 5 April, in Vienna.
Insurance companies are expected to play a critical part in the transition to a net-zero, resilient and socially just economy. Not only can they impact changes through ESG investing and underwriting, but they can also make contribution with own sustainable and inclusive operations that go beyond traditional corporate social responsibility approaches.
Motor has been a low-risk and high-volume mainstay segment of P&C for many decades. Competition among insurers is thus rightly fierce and any novelty impacting even lightly their portfolios' performance metrics becomes something worth exploring and, eventually, a must-have. Given the difficult and fast changing current context, this is more real than ever.
Although throughout the last decades there were more telematics failures than successes, these successes clearly show it is much to achieve if the technology is used well, says Matteo CARBONE, director of the IoT Insurance Observatory, who will give a Keynote Speech at the forthcoming Motor Insurance Conference in Vienna, on 5 April.
Pamela SCHUERMANS, Principal Expert Insurance Policy, Lead of EIOPA's inter-departmental ESG group will bring the regulatory view by giving a Keynote Speech at the first ESG IN INSURANCE Conference organized within the 2023 IIF - The International Insurance Forum framework, in Vienna, on 4 April.
Elisabeth STADLER, CEO, Vienna Insurance Group (VIG) will be one of esteemed Keynote Speakers at the first ESG IN INSURANCE Conference organized within the 2023 IIF - The International Insurance Forum framework, in Vienna, on 4 April.
Sandra SCHWARZ, President of the Council of Bureaux and Head of German Green Card Bureau will give a Keynote Speech at the 2023 edition of the Motor Insurance Conference organized in Vienna, under the titles of "Reshaping motor insurance business".
After the break imposed by the pandemic, the already traditional Motor Insurance Conference returns to Vienna, in offline format, under the titles "Reshaping motor insurance business". The event will be hosted by the Bristol Hotel, on 5 April.
Vienna will host, on 4 April, the first ESG in Insurance Conference organized within the IIF - The International Insurance Forum framework, in 2023. Vienna Insurance Group is the Official Partner of the event, its CEO, Mrs. Elisabeth Stadler giving a Keynote Speech.
After the successful launch of the latest XPRIMM reports in Monte Carlo and Baden Baden, the online version of the publications is available on www.xprimm.com, or directly in the XPRIMM flip library:
The XIVth edition of the International Istanbul Insurance Conference will take place on 8 - 9 November 2022 in a virtual format, this year's main topic being "Global Changes and Their Impact on (Re)Insurance Market and Supply Chain".
Alike all countries and economic sectors, Turkiye and its insurance market were not spared from challenges throughout 2021 and 2022. XPRIMM's Insurance Profile Turkiye FY2021 and 1H2022 will be available in Baden Baden once again to reveal the most important market trends.
Except for Poland, all CEE markets saw a positive dynamic, in many cases at double-digit rates in the first half 2022. While confronted with a new economic crisis at a time when everybody was only hoping for recovery, the region's insurers managed push forward their business and overcome challenges, the XPRIMM Insurance Report CEE, SEE & ex-USSR for 1H2022 shows.
While reporting record a high growth rate in the first half of 2022, the Romanian insurance market had to cope in 2021 and even in the first part of the current year with a rather harsh economic environment, the latest XPRIMM Insurance Profile Romania FY2021-1H2022 shows. Pick your complimentary copy in Baden Baden.
In 2021, GWP by Georgian insurers increased by 16% to ~EUR 220 million, but insurers' profitability stalled, mostly because of the increasing claims expenses and local currency exchange rate's oscillations throughout the year, XPRIMM's Insurance Profile Georgia FY2021 & 1H2022 shows. The report will be available in Baden-Baden.
XPRIMM Team has prepared for the Baden-Baden Reinsurance Meeting four editorial premieres that will meet their first readers between 23 to 26 October 2022, when the team will be attending the event looking forward to meeting partners, colleagues and friends at one of the most important events in the international reinsurance calendar.
The First Annual Conference of the Eastern European Risk and Insurance Association (EERIA) tool place on 16 September, bringing together renowned and high-level keynote speakers and panelists from academia, regulatory bodies, and insurance industry, as well as experienced and young researchers to discuss on various topics.
While this year's edition of the Rendez-Vous de Septembre in Monte Carlo seems dominated by a cautious optimism with regard to the future development f the reinsurance business, there a few issues that reinsurers find challenging for the near future.
The Insurance Supervision Agency of Slovenia (AZN) has announced the 7th Annual International Conference entitled "Insurance between Scylla and Charybdis: Searching for the Right Direction". The event will be held on September 6th, 2022, in Ljubljana, Slovenia.
As the instability and distortions that come with protracted high inflation could have a negative impact on the growth of insurance markets and insurance penetration, the annual meeting of the Geneva Association Economic Forum (GAEF) addressed the issues, looking at the emerging economic trends and solutions to support the industry's development.
EIOPA's annual conference in 2022 took place on 21 June at a time marked by high levels of uncertainty for the European economy and for consumers. Few periods over the past decades have presented so many challenges at once and manifested so clearly that far reaching transformations are afoot.
The EERIA's
First Annual Conference is only a few months away and we are thrilled to show you the
conference agenda. Renowned and high-level keynote speakers and panelists from academia, regulatory bodies and insurance industry take part at the conference.
"The scale of protection gaps is huge. Given climate change, the questions is if the protection gaps can be reduced and is yes, how so. We need a collective response from all stakeholders,' Andreas BRANDSTETTER, President, Insurance Europe stated today in Prague, at the European federation of insurers' annual conference.
The 12th edition of Insurance Europe's International Conference organized under the titles of "CLOSING THE GAP: Protection for all" takes place today in Prague, at the Zofin Palace. XPRIMM is supporting the conference as Media Partner.
There is only one week left to the 12th edition of Insurance Europe's International Conference organized under the titles of "CLOSING THE GAP: Protection for all". The event will take place in Prague, at the Zofin Palace, on 2 June. XPRIMM is supporting the conference as Media Partner.
What can Romania learn from the European health models? What is the current situation of the health insurance market in Romania and which are the opportunities and challenges on this segment?
The current landscape of insurance distribution in Romania and the CEE, the challenges and perspectives of the market, as well as the best solutions for answering the customers' needs are just a few of the topics analyzed during the Insurance Brokerage Conference, taking place at FIAR 2022 - The International Insurance-Reinsurance Forum.
The Motor Insurance Conference, organized during FIAR 2022 - The International Insurance-Reinsurance Forum focused on challenges, opportunities and the current context of the motor insurance segment at international and national levels.
The "Insurance Market Trends" conference, taking place on Monday, 23 May during FIAR 2022, focused on the main trends, challenges and opportunities on the national, regional and international insurance markets.
Insurance Europe, the European insurance and reinsurance federation, will hold its 12th International Conference at the Zofin Palace in Prague, on 2 June. XPRIMM is supporting the conference as Media Partner.
The First Congress of Actuaires du Monde will start one week from now. The "in-person" event will take place at the Marriott Hotel, in Skopje (North Macedonia) on 31 March & 1 April 2022.
The second day of the First Congress of Actuaires du Monde will focus on financial inclusion as an opportunity for actuaries to make a difference. The "in-person" event will take place at the Marriott Hotel, in Skopje (North Macedonia) on 31 March & 1 April 2022.
The inaugural day of the First Congress of Actuaires du Monde will focus on the actuarial challenges due to the liberalization of the MTPL tariff in CEE / SEE markets. The "in-person" event will take place at the Marriott Hotel, in Skopje (North Macedonia) on 31 March & 1 April 2022.
Key to enabling inclusive insurance markets to grow in the CEET region is policy actions on the supply and demand side, is one of the findings of a recent survey jointly conducted by Access to Insurance Initiative (a2ii) and Insurance Supervision Agency of Slovenia among representatives of CEET insurance supervisory authorities.
Professionals from insurance industry will gather on 24 February in a virtual format at the 2022 edition of the Insurance in the DIGITAL World Conference in order to discuss about digitalization's current and future contribution to the insurance industry's development, as well as about the industry's capacity to help businesses cope with cyber risks.
Insurance in the DIGITAL World Conference will follow the latest trends in the industry and will touch the following topics:
The new date and location for the in-person event
DIA Amsterdam 2022 have been announced. The conference will take place on June 29-30 at Taets Art & Event Park. XPRIMM support the event as a Media Partner, its readers benefitting from a EUR 200 discount.
The First Congress of Actuaires du Monde, co-organized by Actuaires du Monde, Insurance Supervision Agency and the Macedonian Actuarial Association, will take place at the Marriott Hotel, in Skopje (North Macedonia) on 31 March & 1 April 2022. The media coverage will be assured by XPRIMM.
The European Retirement Week will begin on 29 November, with a launch event featuring a keynote speech by Mairead MCGUINESS, European Commissioner for Financial Services, Financial Stability and the Capital Markets Union.
On 5th October 2021, the XIIIth edition of the International Istanbul Insurance Conference took place in a virtual format, under the titles "Climate change & natural disasters - A new risk approach in insurance and reinsurance world", hosting an exquisite team of speakers and a large international audience.
The 3rd edition of the Georgian International Insurance Conference, to take place on 20 May, 14.00 GST (Georgian Standard Time), will not only touch the most relevant issues of the local and regional market, but will also host the official launch of the Insurance Profile Georgia FY2020, a comprehensive report produced by XPRIMM.
New mobility is challenging, requiring in fact insurers to understand and adapt to an entire new environment. While these challenges are already here, the CEE markets are still confronted with ageing fleets and persisting old purchasing habits. Overall, technology needs to support the entire complexity of a motor insurance landscape with extreme differences. Top professionals representing Swiss Re, Movingdots and Amodo will share their views at the
Motor Insurance Conference on 20 April.
Flood risk is in particularly important in the central and northeastern part of the CEE region, but the last decade's history shows that very few countries across the region were spared from really dramatic experiences, while most of them have seen at last a moderate flooding event each year.
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.
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.
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.
RMS, the world's leading catastrophe risk solutions company, in association with XPRIMM invite to attend Tuesday, 30 March, 9am - 10am CET, the episode dedicated to the CEE region in the "Innovations and Challenges in managing Natural Catastrophe risks" webinar series.
XPRIMM TIME for BUSINESS was held today, 16 December 2020, starting 16.00 hours (EEST) on the
XPRIMM YouTube channel. This edition focused on the Bulgarian insurance market, discussing about the way it coped with the Covid-19 crisis and its perspectives for the future.
The second edition of The Georgian International Insurance Conference is taking place in a virtual hybrid format hosted on Zoom platform and broadcasted LIVE on XPRIMM YouTube channel.
The Economic Chamber of Macedonia hosted today a live webinar, where leading experts provided their views on the financial and strategic implications for the insurance industries. Read the main statements.
The COVID-19 crisis is having significant effects on the global insurance industry and for that reason the Economic Chamber of Macedonia will host live webinar on 14 May 2020, 14:00h - 15:15h, where leading experts will provide their views on the financial and strategic implications for the insurance industries.
In the context created by the COVID-19 outbreak, XPRIMM organized today the first online conference of the insurance market in Romania, under the titles "INSURANCE, PANDEMIC, ECONOMY - Intelligent Solutions Born of the Crisis", putting under review the solutions found by companies to cope with the social distancing measures, as well as of the impact on the insurance industry's business results.
FIAR - The International Insurance-Reinsurance Forum, to be held in Romania on 24-26 May, relocates for 2020 in Bucharest, to ease access and logistic issues for its traditional attendees.
The two conferences scheduled for April 6/7 in Vienna by the 2020 edition of IIF — International Insurance Forum were postponed for November 9/10. Registered attendees are kindly required to confirm their participation for the new dates.
IIF2019 - Insurance in the Digital World Conference took place today, 21 November 2019, at Sheraton Hotel in Bucharest. The latest insurtech trends and the digitalization impact over the insurance sector were the main themes of discussion.
The second and last day of Croatian Insurance Days conference of 2019 continues today, promising to offer interesting topics regarding insurance markets from the region.
The 2019 edition of the Croatian Insurance Days starts today in Opatija, Croatia, organized by the Croatian Insurance Bureau (HUO). XPRIMM supports the conference as Media Partner and will provide live text reports during the event's two days of debates.
The re/insurance professionals participating at the Baden-Baden XPRIMM Reception were among the first who had the opportunity of reading latest issues of four new XPRIMM Publications, launched during the event.
On Sunday, 20 October, the Georgian insurance market was under the spotlight, during the Baden-Baden Georgian Evening, an event organized for the first time by XPRIMM during the Baden-Baden Meetings.
During the Baden-Baden XPRIMM Reception, even which gathered, on Sunday, 22 October, re/insurance professionals from all over the world, a series of distinctions and awards were offered to re/insurance players activating on the regional market.
One of the most important insurance events within the Caucasus region - the "Insurance in Azerbaijan: Trends & Opportunities" Conference took place today, 28 June 2019, in the capital city of Azerbaijan - Baku.
The 55th edition of Global Insurance Forum, organized by IIS - International Insurance Society and The Institutes took place between 19 June - 21 June in Singapore.
The 11th International Insurance Conference, organized by Insurance Europe, took place on 23 May, in Bucharest, gathering re/insurance professionals from all over the world.
The 22nd edition of FIAR - The International Insurance-Reinsurance Forum, one of the largest spring events dedicated to the re/insurance markets, took place between 19 and 22 May in Sinaia, Romania.
The XXIII Annual Reinsurance Conference, a traditional 2 days event which gathers all the Russian insurance and reinsurance sector, as well as foreign participants, almost 200 participants from 23 countries, has started on Wednesday, 10 April, in Moscow.
Re/insurance professionals activating on the property segment, as well as cyber specialists, gathered on Tuesday, 9 April, in Vienna, Austria, at The "IIF 2019 - PROPERTY INSURANCE - the 2 CAT Cs: climate and cyber" Conference, to analyze the impact and current status of the climate and cyber risks.
Technology driven trends in the motor insurance field and technological approaches to meet future challenges were just a few of the topics analyzed during "IIF 2019 - MOTOR INSURANCE - the innovation challenge", which took place on Monday, 8 April, in Vienna, Austria.
The first Georgian International Insurance Conference took place on 14 March 2019. The event put under scrutiny the current status and the future development perspectives of the local market, in an attempt of identifying the main growth opportunities. The forthcoming launch of the mandatory MTPL system was the most important topic on the agenda, as this new line of business has the potential to provide for a significant growth, but also to become a market disruptor.
To
the satisfaction of its traditional guests, FIAR returns in 2019 to its
historical hometown, Sinaia. The forthcoming edition will benefit
from the comfort and professional facilities of a new venue, the
Conference Center of the International Hotel ****, located in the heart
of the beautiful mountain resort. Registration is opened at a significantly discounted early bird rate until 28 February.
The most important annual meeting of the Croatian insurers, the "Croatian Insurance Days", took place in Opatija, Croatia, on 7 - 9 November.
On November 1st, an Agricultural insurance conference took place in Skopje, Macedonia, organized by the Insurance Supervision Agency in cooperation with the Ministry of Agriculture, Forestry and Water Economy. Drawing attention to the necessity of reducing the risks in agriculture by using insurance was the event's main purpose.
Emmanuel DJENGUE, Innovation Director, Europe - RGAX, Spain is the Keynote Speaker at IIF 2018 - Insurance in a DIGITAL WORLD Conference in Bucharest, on November 27.
Becoming a growing threat globally, cyber risks is both a challenge and an opportunity for the insurance industry. MUNICH Re's representatives talked to XPRIMM TV in Baden Baden, about the different approach to this type of risk that the Group, as one of the most active players on the cyber market solutions, proposes.
End investors, Insurance-Linked Securities (ILS) funds, and buyers - the three groups active in ILS - have predominantly weathered 2017 loss activity with a view that reinsurance products backed by 'alternative' capital have become mainstream, according to a new Global ILS Market Survey by Willis Towers Watson.
Swiss Re expects the global reinsurance industry to consolidate as the distinction between insurers and reinsurers become increasingly blurred, an executive from the Swiss Group said in Baden Baden, reports Reuters.
Current market conditions are putting increasing pressure on returns with some companies viewing consolidation as a potential solution, James NASH, CEO of International at Guy Carpenter said in his opening remarks at the Baden-Baden 2018 Reinsurance Meeting hosted by the global risk and reinsurance specialist.
E+S Ruckversicherung AG, the Hannover Re Group's unit handling German business, continues to expect a positive premium development in the German market for the January 2019 renewals, albeit at a somewhat more diminished pace than in 2018.
The market volume for cyber insurance is expected to grow up to USD 8-9 billion by 2020, Doris HOEPKE, member of Munich Re's Board of Management stressed in Baden Baden adding that, "The demand for cyber risk cover is growing continuously. We therefore see it as our duty to develop solutions."
After severe storm damage in Japan and the United States, Munich Re is looking with a little more optimism to the next renewal season. "I expect at least a stable renewal round in 2019," Board member Doris HOEPKE said in Baden-Baden. Until recently the reinsurer's expectations were leaning towards a stagnant season.
"You don't have to be big to be beautifully relevant or financially successful, but you do have to be focused," Pina ALBO, Group CEO of Hamilton Insurance Group said, addressing the question of whether bigger is necessarily better at the Reinsurance Symposium in Baden-Baden.
Five new titles are available this year on the XPRIMM Baden-Baden press stands opened in the Kurhaus Casino and in Baden Baden main locations, presenting the latest statistical data and comprehensive analysis for the CEE, SEE and CIS insurance markets.
On Sunday, 21 October, insurers and reinsurers from all over the world met at the 10th edition of the Baden-Baden XPRIMM Reception, the traditional event organized by XPRIMM during the Baden-Baden Meetings in Germany.
Already on its 10th edition, the Baden - Baden XPRIMM Reception, the
traditional event organized by XPRIMM during the Baden-Baden Meetings, took place on Sunday, 21 October, at Kurhaus Casino, gathering
re/insurance specialists from all over the world.
Fausto PARENTE, Executive Director, EIOPA, Ante ZIGMAN, DSc, President of the Management Council, Croatian Financial Services Supervisory Agency and William VIDONJA, Head of Conduct of Business, Insurance Europe are the keynote speakers at the 2018 edition of "Croatian Insurance Days".
The 2018 edition of the "Croatian Insurance Days" will be held in Opatija, Croatia, on November 7-9, 2018. Organized by the Croatian Insurance Bureau, with the support of the Croatian Ministry of Finance, the conference will have, as usual, a rich and very informative program, also providing for extended networking opportunities.
The 15th edition of ICAR - The International Catastrophic Risks Forum, taking place in Bucharest, Romania, on 9 October, touches issues of paramount concern.
In emerging markets like Turkey, there can be a significant difference between insured and total insurable losses.
Focusing on closing the protection gap, the 10th International Istanbul Insurance Conference gathers in Istanbul, between the 4th and the 5th of October 2018, well-known speakers from Turkish and the global insurance & reinsurance markets.
The XVII-th edition of the November Business Meetings (NBM) of Reinsurers will take place on November 21-22, 2018 in Moscow, at "Novaya Ploschad" Business Center, the already traditional venue of the event, since 2012.
Today has started in Moscow the 1st National Reinsurers Summit "National Reinsurers: Focus on global cooperation". Organized by the Russian National Reinsurance Company (RNRC) with the support of the Central Bank of the Russian Federation, the conference has the xprimm.com insurance portal as Media Partner.
On September 13, 2018, the Insurance Supervision Agency of Ljubljana organized its 4th conference on insurance. The subject of the event was Insurance in the Digital Future. Visit the event's
web page to see the conference materials and photo gallery.
The 62nd edition of the "Rendez-Vous de Septembre", the annual traditional meeting of reinsurers starts Sunday in Monte Carlo. XPRIMM Publications covering the CEE, SEE and CIS insurance markets are available at the XPRIMM stand in Fairmont Hotel, as well as at the most important venues in Monte Carlo.
Only 5% of cyber losses are insured, estimates Christian Fuhrmann, chief executive of global clients/North America, Munich Re. Very complex by nature and continuously changing, cyber insurance is one of the biggest challenges for insurers, he said.
AXA announced today that it has obtained all regulatory approvals required to complete the proposed acquisition of XL Group previously announced on March 5, 2018. The acquisition is expected to close on September 12, 2018, pending the satisfaction of the remaining customary closing conditions.
The latest editions of the XPRIMM Motor Insurance Report and Property Insurance Report will be launched in Monte Carlo, at the 62th edition of the "Rendez-Vous de Septembre," one of the most important international events dedicated to insurers, reinsurers, brokers, and reinsurance consultants.
Hannover Re expects to see stability in prices and conditions overall for the treaty renewals as at 1 January 2019 and promising opportunities for next year arising from digitalization, increased demand for coverage of cyber risks, as well as from various openings in the Asian growth markets.
Despite the high losses from 2017 the reinsurance market is still soft, James KENT, Global Chief Executive Officer (CEO) of Willis Re stated at a press briefing in Monte Carlo.
Catastrophe risk modeling firm AIR Worldwide released a new severe thunderstorm model for Europe. Together with AIR's Extratropical Cyclone Model for Europe and European flood models, this new model now allows for a comprehensive assessment of atmospheric risk in this region.
"Cyber risks are one of the biggest threats to the networked economy. Munich Re is making highly targeted investments in know-how and development of networks in order to continually improve its services and insurance products," Torsten Jeworrek, Member of Munich Re's Board of Management, stated during RVS 2018
Worldwide, most major non-life insurance markets are in a phase of below-average profitability, according to the latest sigma report from the Swiss Re Institute, "Profitability in non-life insurance: mind the gap", that presents the existing earnings gap in the non-life insurance sector.
"As the world economy struggles to produce strong sustainable growth, and with the rising pressure on governments to increase public spending on welfare and services, there has never been a more important time for the re/insurance industry to step back and provide solutions to reduce the insurance protection gap", according to AON's Global Insurance Market.
ICIR - The International Center for Insurance Regulation will host on 15 November 2018, at the House of Finance in Frankfurt, Germany an event dedicated to the latest market and regulatory developments in the insurance markets of the Western Balkans.
Dr. Andy Kuper, founder and CEO of LeapFrog Investments, has received the 2018 Founder's Award and Gold Medal from the International Insurance Society for his pioneering work. He was honoured for LeapFrog companies reaching 130 million people in a decade.
The works of the Global Insurance Forum continued today in Berlin, Germany. Providing security for ageing populations in health care and pensions terms, as well as innovation and InsurTech or innovative strategies for the future development of the industry are on the today's agenda.
International Insurance Society (IIS) will open two regional offices till the end of this year -in London and Singapore, to expand its global footprint, has announced President & CEO of the IIS, Mike MORRISEY at this year's Global Insurance Forum in Berlin.
We have gathered the representatives of all stakeholders in the insurance industry from more than 50 countries to enhance exchanging ideas and offer solutions to international community about new technologies and to share knowledge, stated Mike MORRISSEY, President and CEO, International Insurance Society at the annual edition of the Global Insurance Forum.
Having enjoyed rapid growth since its inception in 2014, the
Insurance AI and Analytics Europe Summit returns to London in 2018 (9
th - 10
th October). The event is organized by Insurance Nexus and supported by XPRIMM Publications as Media Partner.
Romania is the first country from the Central and Eastern Europe - CEE to host the Annual Insurance Europe Conference, the federation of insurance and reinsurance associations. The event will take place on May 23, 2019, in Bucharest.
The VIth edition of the main event dedicated to the insurance markets of Azerbaijan and the Caucasus region, Insurance Conference of Azerbaijan, took place in Baku, on 20-32 June, under the titles "Insurance in Azerbaijan: New perspectives".
"Insurance in Azerbaijan: New perspectives" Conference works are continuing today in Baku. The second day of the event is dedicated to the new opportunities for MTPL market in Azerbaijan.
The annual and most important insurance event within the Caucasus region - "Insurance in Azerbaijan: New perspectives", started today, in Baku, organized by XPRIMM and Azerbaijan Insurers Association, with the official support of the Financial Market Supervisory Authority of Azerbaijan.
FRISS will host on Wednesday, 20 June a 30 minutes webinar, by Karlyn Carnahan (Celent), looking at the role of fraud analytics tools as an enabler of customer experience. Registrations are opened.
will take place on September 17-21, 2018 in Sochi
The
upcoming Forum, supported by the All-Russian Union of Insurers (ARIA),
will logically continue a detailed discussion of the most pressing
issues previously raised at ARIA events in 2018: Insurance and
Reinsurance International Congress in Moscow and Insurance International
Conference in St. Petersburg.
Today, at PensionsEurope Conference 2018, Ms. Ana Carla Pereira, Head of Unit for Modernisation of Social Protection Systems at the European Commission, presented the main findings of the 2018 Pension Adequacy Report (2018 PAR) and 2018 Ageing Report (2018 AR).
Insurance Europe's 10th International Conference, taking place today, 24 May, in Madrid, Spain, focuses on "Overcoming underinsurance" and gathers insurance professionals and representatives of authorities from all over Europe.
PensionsEurope believes that private pension saving should be encouraged to compensate for potential lower state pension benefits. In particular, we support a regulatory environment encouraging workplace pension membership, Matti LEPPALA, Secretary General CEO, PensionsEurope & Chair, OPSG of EIOPA stated on 16 May, at FIAR.
The major trends in the development of motor insurance, including telematics and pay-as-you-drive solutions, were among the topics debated during the third part of the Motor Insurance Conference taking place at FIAR 2018.
The first and second parts of the Motor Insurance Conference taking place at FIAR 2018 focused on the new MTPL Law in Romania and the way it changed the market after almost 1 year of implementation, as well as the consequences of the new legislative framework and the operational challenges this brings, but also the most suitable solutions for balancing regulation, insurers' appetites and customer expectations on the MTPL market.
Are the insurers and the brokers ready for the GDPR challenge? What effects will GDPR have on the Romanian insurance industry and on consumers? What are the main issues in implementing GDPR? These were just a few of the topics debated during the GDPR Workshop taking place at FIAR 2018.
The second part of the REINSURING NATCAT RISKS Conference taking place at FIAR 2018 focused on the best solutions for closing the NatCat insurance gap. Christian KREUTZER, Head Market Underwriting CEE, Swiss Re Europe, and Evgeny POTOKOV, Senior Underwriter South Eastern Europe, SCOR Global P&C Deutschland were among the speakers that joined the debates.
NatCat exposure versus coverage, the largest natural catastrophe risks affecting Europe, as well as the best solutions for closing the insurance gap were just a few of the topics analyzed during the REINSURING NATCAT RISKS Conference taking place at FIAR 2018.
The second part of the Brokers' Conference taking place at FIAR 2018 analyzed the impact of European Union's legislative overhaul - IDD & GDPR -, also bringing into debate study cases and real-life scenarios of what the brokers face on the market, and, last but not least, trying to see whether digitization and InsurTech could truly lead to disintermediation.
The second day of debates at FIAR 2018 started with The Brokers' Conference, the event dedicated to the mediation market in Romania and in the CEE region. The first part of the conference focused on a market overview and also analyzed the challenges of the IDD implementation, as well as the potential impact of IPID for MTPL and PAD.
The 21st edition of the International Insurance-Reinsurance Forum was officially opened on Monday night, with the XPRIMM Reinsurance Awards.
The INSURANCE IN A DIGITAL WORLD Conference, taking place at FIAR 2018, brought into debate the impact of digitization on the insurance industry. The first part of the conference focused on risks & opportunities of digitalization for both industry and consumers, as well as case studies and best practices: BigData & IoT, BlockChain, Peer-to-Peer, and AI.
During the second part of the Insurance Market Trends Conference, taking place at FIAR 2018, the debates focused on the current situation in Romania and the sustainable development for a growing and stable insurance market, as well as the challenges and opportunities for the local insurers.
The first part of the Insurance Market Trends Conference taking place at FIAR 2018 brought into debate the changing insurance landscape, as well as the CEE markets in the European insurance landscape, but also the concept of mutual insurance and its benefits for shareholders.
After the traditional Welcome Cocktail taking place on 13 May, the 21st edition of the International Insurance-Reinsurance Forum continues today with two top-notch conferences and multiple bilateral meetings. The Official Opening of FIAR 2018 and the XPRIMM Reinsurance Awards Gala also take place today.
With an exclusive list of professional speakers, 7 conferences and workshops analyzing current trends and issues on the re/insurance markets, as well as hundreds of bilateral meetings and networking opportunities, FIAR 2018 represents a key event on the business agenda.
Specialists from ICMIF - International Cooperative Mutual Insurance Federation and PensionsEurope, representatives of national insurance associations from Austria and Turkey, as well as professionals representing SWISS Re, GEN Re and AUDATEX are just a few of the speakers who have already confirmed their presence at FIAR 2018 - The International Insurance-Reinsurance Forum.
Insurance professionals from all over Europe gathered on Tuesday, 17 April, in Zagreb, Croatia, at the "Challenges and Practice of Insurance Supervision in South East Europe" conference. The event represents a unique forum for an open dialogue between insurance companies and insurance supervisory authorities of the SEE region.
In 2017, life insurance was the market driver for the Russian insurance market, mainly due to investment life insurance
The XXII International Reinsurance Conference has started today in Moscow, organized by Delovoy Format, with the support of the Russian Insurers Association. XPRIMM, the traditional Media Partner of the conference, has launched on the occasion the latest edition of its Insurance Profile Russia, providing for 2017 insurance statistical data.
The "IIF 2018 - PROPERTY INSURANCE - the NatCat challenge and beyond", taking place on Friday, 23 March, in Prague, bought into debate the NatCat insurance gap, but also the newly developed aspects of the manmade property risks.
The European Consumer Protection Conference, taking place on Thursday, 22 March, in Prague, brought into debate the consumer environment in the current European regulatory and economic landscape, the upcoming legislative changes that will benefit consumers and users of insurance and private pension products, as well as digitalization and the impact of technological advances in the field of financial services.
Insurance professionals from all over Europe gather today, 16 March, in Vienna, to participate at the "IIF 2018 - MOTOR INSURANCE - the innovation challenge" conference.
Industry professionals from CEE gathered on 22 February, in Macedonia, at the "IIF 2018 - CEE & SEE - Regional Actuarial Insurance Conference", to analyze the current reality of the actuarial job.
The 7th EIOPA Annual Conference takes place today in Frankfurt am Main, Germany. A review of the current supervisory covergence issues and of the prospects of the Pan European Personal Pension Product are on the event's agenda, together with analyzing the ways in which regulation may enable innovation.
"The Russian insurance market is ending a difficult year," Igor ALEKSEEV, Chairman of the Steering Committee of November Business Meetings of Reinsurers, Deputy Head of the Reinsurance Department, INGOSSTRAKH said today in Moscow.
"IIF2017 - Insurance in the DIGITAL World" conference brought together in Vienna well-known insurance professionals from all over the world who analyzed the latest digital trends in the industry, taking into account the fast digitalization of the financial services providers' world, in particular in the insurance field, which is creating both huge opportunities and strong challenges for the players.
On 9 November has started in Opatija, Croatia, the 2017 edition of the Croatian Insurance Days Conference, the traditional meeting of the Croatian insurance top professionals with their European peers. XPRIMM Publications are supporting the event as Media Partners.
The Baden-Baden meeting, one of the key events in the reinsurance calendar, has just set the final point of this year's edition. XPRIMM Publications have reported from the meeting's premises. Let's recap!
Central and Eastern Europe insurance markets are an important source of business for Lloyds, total premium income from this region increasing by EUR 64 million since 2010, pointed out the Lloyd's representative in a seminar dedicated to CEE insurance markets: "We are seeing strong growth from Czech Rep, Poland, Slovakia and Ukraine. At the same time are some contractions from Russia, Bulgaria, Romania and Hungary due to challenging trading conditions as political implications and other sanctions".
Asian insurance market, especially the Indian market - are considered to be "the new El-Dorado" of the global re/insurance market, with rapidly expanding markets and an dynamic environment: "Indian P&C re/insurance markets are expected to grow at a pace of 15% per annum", according to Victor PEIGNET, CEO, Global P&C, SCOR SE. The French -based reinsurer setted-up its Indian branch in 2016, after the authorisation from the local market authority - IRDAI. India's re/insurance market has become more attractive for global companies following the relaxation of regulatory requirements, and lately, "big names" in the industry entered the market by opening branches: GEN Re, SCOR, Lloyd's of London, MUNICH Re, SWISS Re, Reinsurance Group of America (RGA), HANNOVER Re, XL Catlin and others.
"2017 looks set to become the most expensive catastrophe loss year ever for the P&C sector, mostly due to the hyperactive 2017 hurricane season," finds the Viewpoint Report - Winds of change launched yesterday by JLT Re.
The main effect after the Q3 nat cat bill of over USD 100 billion: Global reinsures said - the "discounts and reductions in tariffs era" especially in European reinsurance market for the January 2018 renewals, will come to end. At the same time, some reinsurers might disappear and there are likely to be more mergers, acquisitions and run-offs processes.
E+S Ruck - responsible within the Hannover Re Group for German business - expects to see premium growth in the German market for the upcoming round of treaty renewals as at 1 January 2018.
Global reinsurer MUNICH Re pointed out today in Baden-Baden the huge insurance gap between economic and insured losses resulting from recent natural hazards.
"In our business we are more than used to disruptions [...] But the pace
of disruption has been amplified by new sources of data and by the
increase in the power to collate this data", James NASH, the President,
International of GUY Carpenter stated during
his opening address at the Reinsurance
Symposium in Baden-Baden on 22 October.
On Sunday, 22 October, insurers and reinsurers from all over the world met at the 9th edition of the Baden-Baden XPRIMM Reception, the traditional event organized by XPRIMM during the Baden-Baden Meetings in Germany.
Already on its 9th edition, the Baden - Baden XPRIMM Reception, the traditional event organized by XPRIMM during the Baden-Baden Meetings, took place on Sunday, 22 October, at Kurhaus Casino, gathering re/insurance specialists from all over the world.
The Azeri reinsurance company AzRe hosted an official reception at the Annual Baden-Baden Reinsurers Meetings dedicated to its 10th anniversary.
Re/insurance specialists from the European region gathered, on 18 October, at the 14th edition of the International Catastrophic Risks Forum - ICAR 2017, to analyze the broad theme of climate change and catastrophic risks management.
The "Current Challenges for Insurance Markets and Supervision in the Central, Eastern and South Eastern European region" Conference, organized by FMA - the Financial Market Authority Austria, continues today in Vienna.
Insurance professionals, as well as representatives of the local and regional authorities, gather on 12-13 October in Vienna, Austria, at the "Current Challenges for Insurance Markets and Supervision in the Central, Eastern and South Eastern European region" Conference.
Professionals and specialists from the Turkish and the global insurance and reinsurance markets gathered between the 5th and the 6th of October in Turkey, at the 9th International Istanbul Insurance Conference.
In emerging markets like Turkey, there can be a significant difference between the insured and total insurable losses. Parametric insurance is a smart way to close this protection gap. While the traditional products cover an insured loss, parametric products provide financial protection for various expenses from financial liabilities to contingent loss of profit which, in return, decreases the economic loss burden following a CAT event.
The trends in the insurance industry is the main topic addressed during the two-day event taking place on 21-22 September 2017 in Shanghai.
The 61st edition of the "Rendez-Vous de Septembre", the annual traditional meeting of reinsurers ends today in Monte Carlo. The Nat Cat insurance protection gap, as well as the global insurance market readiness to deal with the increasing complexity of the cyber risks were among the most debated topics.
The latest edition of the XPRIMM Motor Insurance Report was launched in Monte Carlo, on the occasion of the "Rendez-Vous de Septembre", provind FY2016 statistical data and analisys for the CEE, SEE and CIS regions.
The 61st edition of the "Rendez-Vous de Septembre", the annual traditional meeting of reinsurers has started yesterday in Monte Carlo. XPRIMM publications on the CEE, SEE and CIS insurance markets are available at the XPRIMM stand in Fairmont Hotel as well as at the other event's venues.
Swiss Re forecasts growing demand for new reinsurance solutions that help clients manage their portfolios and expand into new segments and markets, company's officials said at the press conference that took place Monday, in Monte Carlo.
In the wake of the decision by the United Kingdom (UK) to leave the European Union (EU), insurers that access EU business through their UK companies have begun to unveil plans to establish additional subsidiaries, primarily in Ireland, Luxembourg or Belgium, according to an analysis presented by AM Best during Rendez-Vous de Septembre.
Most reinsurers gathered in Monte Carlo have expressed their concern with the lack of proper insurance protection of properties around the world, especially that the latest events have once again shown that climate change is a real challenge.
The United States is one of the most insured countries in the world and yet, in 2016, almost 50% of the economic losses sustained from natural disasters remained unprotected, Aon's Reinsurance Market Outlook report launched in Monte Carlo shows.
Most reinsurers gathered in Monte Carlo have expressed their concern with the lack of proper insurance protection of properties around the world, especially that the latest events have once again shown that climate change is a real challenge.
In the wake of the decision by the United Kingdom (UK) to leave the European Union (EU), insurers that access EU business through their UK companies have begun to unveil plans to establish additional subsidiaries, primarily in Ireland, Luxembourg or Belgium, according to an analysis presented by AM Best during Rendez-Vous de Septembre.
"Insurtech could be an enabler rather than a disruptor of the traditional insurance model" is the Aon's latest Global Insurance Market Opportunities (GIMO) report finding. The report launched today examines key areas of potential growth for insurers.
Natural catastrophe losses remain largely uninsured worldwide - even in highly developed markets, MUNICH Re's reinsurance experts consider, the recent examples of Harvey or the floods in India both confirming the large gap between the economic and the insured losses.
Swiss Re has surpassed Munich Re as the world's largest reinsurer (from the reinsurance gross premiums written -GPW - in 2016), a position that it has not held since 2009, according to the AM Best rankings presented in Monte Carlo.
Almost 50% of the industry practitioners consider the risk of "silent cyber" exposure—potential cyber-related losses due to silent coverage from insurance policies not specifically designed to cover cyber risk—as growing over the coming year, according to a study of Willis Re, presented during a press conference in Monte Carlo.
The Reinsurance industry is well capitalized with 605 billion as of end of June 2017, 2% up from the end of 2016. But sustained growth in reinsurance demand is dependent upon increasing the relevance of insurance to the global economy, according to the Reinsurance Market Outlook report launched by AON Benfield during the Rendez-vous de Septembre in Monte Carlo.
AIR Worldwide will launch in 2018 a severe thunderstorm model for Central and Eastern Europe, according to Dr. Milan SIMIC, EVP and Managing Director, Global Business Development Insurance Solutions of VERISK Analytics. The model will cover Estonia, Latvia, Lithuania, Poland, Czech Republic, Slovakia and Slovenia.
Regulatory changes brought by the IDD Directive, as well as digitalisation and innovation in the insurance sector are just a few of the topics discussed at the "Consumer Protection in New Era - Innovation vs. Regulation", that took place on 4 September, in Ljubljana, Slovenia.
The 2017 edition of the Global Insurance Forum, an industry benchmark event organized by IIS- the International Insurance Society - ends today in London, after three days of debates. XPRIMM supports the Forum as Media Partner.
"Insurers have to play an important part not only in managing current risks, but also in modelling the future by contributing to a better understanding of risks, to closing the insurance gap and setting an example of responsible investment policy," HRH The Prince of Wales said in his welcome address at GIF 2017.
"Brexit and the Future London Market: Renaissance or Bust?" is the topic proposed by the Global Insurance Forum's organizers in the beginning of the event's first day.
The "Developed Market Dynamics Panel" has reviewed the main coordinates of the changes driven by the global economic environment's evolution and the technological progress in the insurance filed.
The panel titled "Leaders of Tomorrow: Engaging and Developing Our Emerging Talent" has put under debate the talent crisis' issue, exploring the means of getting young professionals more interested by the insurance field.
The panel titled "Emerging Markets Outlook" has explored the current status and the growth perspectives in the emerging insurance markets.
The "Regulation for sustainable development" panel has emphasized the need for a stable an reliable legal environment in the insurance field, enabling insurers to design long term development strategies. XPRIMM delegates at GIF 2017 have reported:
The fast increasing relevance of the cyber risks, as well as the disrupting effect that digitalization will have on the insurance industrymade the main topics of the "InsurTech: Innovating for Growth" panel.
Spreading understanding of the central role that proper insurance has in building disaster resiliency is the theme of the International Insurance Society's (IIS) Global Insurance Forum. XPRIMM is Media Partner of the Forum. Follow us to get live insights from the event's proceedings.
Hosted by NTT Data, Monday took place in Munich, Germany, the third edition of the International Insurance Forum series dedicated to the property insurance issues: "The Nat Cat challenge". Participants from 13 countries have attended the event produced by XPRIMM.
The 2017 edition of the XPRIMM Property insurance report has met its first readers on the occasion of IIF 2017 - The NatCat Challenge, the event which took place on 26 June, in Munich.
Ukrainian Federation on Insurance and the digital economy and fintech focused Future magazine with the support of the German (GDV), the Austrian Association of Insurers(VVO) and the League of Insurance Organizations of Ukraine held the first edition of the Insurance NEXT'UA 2017 in Ukraine Conference. The event was dedicated to the preconditions for digital changes in the insurance market of Ukraine and the world.
Basic concepts about inclusive insurance and microinsurance, global best practices and the place of microinsurance in the Solvency II regime are just a few topics analyzed today at the "Inclusive Insurance and Microinsurance" Conference taking place in Ljubljana.
Taking place between May 21 and May 25, in a new location - Poiana Brasov in Romania - the 20th edition of the International Insurance-Reinsurance Forum - FIAR gathers well-known specialists representing over 125 international companies and offers its participants the chance to join specialized conferences and workshops analyzing the latest trends in the insurance, reinsurance and brokerage fields, as well to participate at networking events and bilateral meetings which will enable them to discover new business opportunities and to gather valuable insights and experience.
"The
Kazakh market increased by 26% in 2016, while claims rose by 125%,"
Zhanat KURMANOV, Director, Insurance Supervision Department, National
Bank of the Republic of Kazakhstan said in Almaty.
"RNRC is ready to play an active role in the EEU reinsurance markets' integration," Mikhail SEPP, Vice-President, RNRC said at the "Insurance in Central Asia" conference in Almaty, Kazakhstan.
"Developing online sales and fraud reduction are among the main priorities of the Russian market in 2017," said Dmitry KUDLOV, Head of the Methodological Unit of Voluntary Insurance, Insurance Supervision Dept., NBR.
"There is a strict financial discipline in the Green Card system and Kazakh motor insurers should prepare to observe it," Jean ZENNERS, President of CoB stated.
"MTPL is the most complex product of the market, is providing social security and it is in the public interest," said Sergej SIMONITI, President, Insurance Supervisory Agency, Slovenia in Almaty.
USD 3.6 billion is the reinsurance capacity of the Russian market, while in Kazakhstan the capacity is of USD 1 billion, Ekaterina TOLSTOVA, Associate Director, S&P Global Ratings said in Almaty.
"In 2016, there were 62.000 claims made by Polish drivers outside the
country," Mariusz WICHTOWSKI, President, Polish Motor Insurers Bureau
said at the International Conference "Insurance in Central Asia".
The XIth International Conference "Insurance in Central Asia" took place between April 13-14 in Almaty, Kazakhstan. XPRIMM reports were available at the conference stands.
