STATISTICS: CROATIA, 3Q: Top 3 largest insurers accounted for about half of the market GWP
Croatian insurers reported aggregate GWP of HRK 6.9 billion (about EUR 922 million) in the first nine months of 2017, up by 2.6% y-o-y, according to the quarterly market figures published by Croatian Insurance Bureau - CIB website.
CROATIA Osiguranje Group's net profit rose by 37% in 1H2017
CROATIA Osiguranje Group, one of the largest insurer in the Adriatic region -, posted a first-half net profit of HRK 102 million (EUR 13.8 million), up 37% on the year.
STATISTICS: CROATIA 1H2017: 2.4% GWP growth supported by the non-life segment
The aggregate GWP of Croatian insurers totalled HRK 4.93 billion (EUR 665 million) at the end of June, up by 2.42% on the year, according to the market statistics published on the website of the Croatian Insurance Bureau - CIB.
CROATIA osiguranje to absorb its health insurance unit
HANFA - the Croatian Financial Services Supervisory Agency informed on its website it has approved the merger through absorption between CROATIA osiguranje and its private health insurance unit - CROATIA zdravstveno osiguranje.
STATISTICS: CROATIAN insurers' Q1 GWP up by 2.2% y-o-y
The aggregate GWP by the 23 Croatian insurers members of the Croatian Insurance Bureau was of HRK 2.58 billion (EUR 345 million) in 1Q, up 2.26% on the year, as CIB quarterly figures show.
CROATIA: CO to acquire 100% shares in the local subsidiary of BNP PARIBAS
The largest Croatian insurer - CROATIA Osiguranje (CO), member of ADRIS Group, announced it has concluded a purchase agreement for the acquisition of CARDIF Osiguranje insurance company from BNP PARIBAS.
STATISTICS: CROATIA, FY 2016: GWP increase close to nil
The aggregate GWP by Croatian insurers amounted to HRK 8.76 billion (EUR 1.15 billion) at the end of December 2016, up by 0.42% y-o-y, according to the Croatian Insurance Bureau. Non-life GWP increased by 0.91% to HRK 5.84 billion, while the life insurance segment went down by 0.55%, to HRK 2.92 billion. The aggregate value of paid claims was HRK 4.75 billion, or 3.67% more y-o-y.
Croatia: MTPL market's liberalization has brought a larger product diversification, believes the Competition Agency
Croatian passenger cars owners have benefitted from the MTPL market liberalization, as well as from the products diversification, has found a recent survey performed by the local Competition Agency. According to the survey's conclusions, the market is "competitive and well structured" and consumers currently have a better choice than in the past years.
STATISTICS: CROATIAN 3Q2016 market remained at previous year's level
Croatian insurers posted an aggregate GWP of HRK 6.74 billion (about EUR 900 million) in the first nine months of 2016, up by 0.3% y-o-y, according to the preliminary statistics published on Croatian Insurance Bureau - CIB website. Non-life GWP increased by 1% y-o-y to HRK 4.6 billion, while the life insurance segment totaled HRK 2.1 billion, or 1.2% less y-o-y.
STATISTICS: CROATIA, 1H2016: The market remained relatively at the 1H2015 level
According to the half year report on insurers' performance published by the Croatian Insurance Bureau - HUO, in 1H2016 the local insurance industry fairly remained at the 1H2015 level, the GWP volume by the 23 active insurers totalling EUR 640.7 million (HRK 4.81 billion) - 0.12% more y-o-y. Per segments, life GWP went down by 2.3% y-o-y to EUR 202.7 million, while the 18 non-life insurers wrote premiums of EUR 438 million, up by 1.3% y-o-y.
ON THE MOVE
Industry veteran David LUNDGREN to head InsurTech Pioneer Quantemplate
David LUNDGREN has been appointed CEO and Board Director of Quantemplate, an InsurTech firm which uses machine learning to help re/insurers grow their business through data transformation and analytical insights.
Swiss Re appoints new CFO and proposes new members to the BoD
Swiss Re announced that John DACEY, currently Group Chief Strategy Officer, is appointed Group Chief Financial Officer, effective 1 April 2018. He succeeds to David COLE, who will step down to pursue a non-executive career, while remaining a board member of several Swiss Re subsidiaries.
Piotr OZAREK is the PZU's first Ombudsman
Piotr OZAREK was appointed to perform the newly established function within PZU, as the first client's spokesperson of the insurer. His main task will be of helping in the most difficult and complicated cases in which PZU's clients are not satisfied with the solution.
Desmond BOHAN joins JLT Re as Senior Vice President
JLT Re, part of the global provider of reinsurance broking and consultancy, has appointed Desmond BOHAN as Senior Vice President in Stamford, Connecticut. He will focus on the continued expansion and development of JLT Re's Program practice in North America.
"Insurance and Pensions reloaded" - the 7th EIOPA Annual Conference
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.
NBMR, Moscow: Regulatory changes have challenged the Russian insurance market in 2017
"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 took place in Vienna
"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.
Croatian Insurance Days Live
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 2017 Baden Baden Meeting: Short recap
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!
Baden Baden Headlines 3: CEE insurance markets are attractive for reinsurers
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".
Baden Baden Headlines 2: cyber insurance market set to grow under regulatory presure; nat cat events more frequent, but losses per event are decreasing
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.
JLT Re: Harvey, Irma and Maria brought a decisive end to a five-year period of below-average global catastrophe losses
"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.
5th Insurance Claims & Underwriting Management Asia Summit 2018
6-9 February 2018
Singapore, Rendezvous Hotel Singapore
Organizer: Equip Global Pte Ltd
Media Partner: XPRIMM Publications
More details: equip-global.com
6th Edition Nordic Asset Allocation: Investing in Alternative Asset Classes
7-9 March 2018
Organizer: marcus evans
Media Partner: XPRIMM Publications
For details: marcusevans-conferences-paneuropean.com
European Consumer Protection Conference
22 March 2018
Prague, Czech Republic
4th Annual African Insurance Forum
5-6 April 2018
Johannesburg, South Africa
Media partner: XPRIMM Publications
For details: ins.fextons.com