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Statistics

STATISTICS: CYPRIOT insurers' Q1 GWP up by 6.5% y-o-y

Cypriot insurers reported aggregate GWP of EUR 234.4 million in the first three months of 2017, up by 6.5% y-o-y, according to the quarterly market figures published by the Insurance Association of Cyprus - IAC.

22.06.2017

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MARKETS & TRENDS

RNRC: The entire Russian market of inward reinsurance can grow to RUB 41-43 billion in 2017; RUB 7.5 billion in premiums expected in 2017 for the national reinsurer
The Russian National Reinsurance Company (RNRC) recently issued a comprehemsive report on the Russian reinsurance market's evolution in 2016. Please find below a summary of the main report's findings, together with the 2017 forecast, courtesy to RNRC. More




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Press cuttings

KAZAKHSTAN's Halyk Bank to acquire 96.81% of ordinary shares in Kazkommertsbank

Kazakhstan's Halyk Bank on June 15 announced the signing of the sale and purchase agreements with Mr. Kenges Rakishev to acquire 86.09% of ordinary shares of JSC Kazkommertsbank for a consideration of 1 Kazakhstan tenge, and separately with JSC Sovereign Wealth Fund Samruk-Kazyna to acquire 10.72% of ordinary shares of Kazkommertsbank also for a consideration of 1 Kazakhstan tenge.

22.06.2017

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Interviews

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Dr. Vahan AVETISYAN
Executive Director of the Armenian MIB
We applied for membership to the Green Card international insurance system in the beginning of 2016 and are currently working in this direction. We have not yet summarized the results of the analysis of Green Card contracts' tariffs, but I do not see any bases for significant change.

INSURANCE & TECHNOLOGY

FRISS: Uncovering insurance fraudsters
FRISS: Uncovering insurance fraudsters
If you compare the insurance fraud business to other types of business, it pays off to commit insurance fraud. The benefits are great, the chances of being caught are low, and the sanctions you get once caught are low as well. So, whether working in the claims, financial, underwriting or SIU department; you will all deal with fraud at some point. And it does not stop at an organization or a border. Fraudsters do market research. They use different modus operandi, use different insurers, fake identities; just to make sure that they don't get caught. More


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