FRISS appointed Niels ZIJDERVELD as Chief Commercial Officer. ZIJDERVELD will lead the FRISS Sales and Marketing departments.
GPI Holding, a member of Vienna Insurance Group, maintained its leadership position on the Georgian insurance market, with a 17% market share after 3Q2019. The company reported GWP worth EUR 25.36 million and reinsurance premiums of EUR 4.38 million, while paid claims reached EUR 16.4 million.
The insurance market has been growing over the past couple of years, recently showing a double-digit increase, despite a smaller growth rate at the end of 2019, according to Uldis DZINTARS, member of the board of BALTA (leader of Latvian non-life sector, which belongs to the PZU group), LETA news agency writes.
The GWP value of Slovenian insurers totaled EUR 1.90 billion in the first nine months of 2019, a 6.91% increase y-o-y, according to the Slovenian Insurance Association's Q3 report.
The Latvian insurance market totaled EUR 588.70 million at the end of September 2019, or 3.69% more y-o-y, according to data published by the Financial and Capital Market Commission (FKTK). At the same time, the insurance companies paid EUR 384.20 million in claims (28.81% more y-o-y).
According to the most recent figures available on the Czech National Bank (CNB) website, the local insurance industry totaled about CZK 124.45 billion (~EUR 4.82 billion) at the end of September 2019, up by 5.86% y-o-y.
820 natural catastrophes
caused overall losses of USD 150 billion in 2019, a portion of only USD 52 billion being insured, below the 2018 figure, as the global reinsurer MUNICH Re informed in a statement: "This was due, among other things, to the high share of flood losses, which are often not insured to the same extent as wind damage in most industrial countries".
GENERALI finalized the acquisition in Portugal of 100% of the company SEGURADORAS UNIDAS and the service company AdvanceCare from CALM EAGLE Holdings and CALM EAGLE PARENT Holdings II, entities majority owned by investment funds managed by certain affiliates of APOLLO Global Management, as the Italian insurance group informed in a statement
On January 13th, 2020, Qatar Insurance Group (QIC) has announced the appointment of Salem Khalaf Al Mannai as the Group CEO of Qatar Insurance Group.
As of 1 February 2020, Didem Ozsoy DIRICAN, currently Chief Commercial Officer of NN Hayat ve Emeklilik, will be appointed CEO NN Hayat ve Emeklilik on an ad interim basis and subject to regulatory approval.
The Polish Insurance Guarantee Fund Council appointed Marek Niechcial as a member of the management board of UFG.
At the end of the first nine months of 2019, Romanian motor insurance lines' combined ratio continued to follow the uphill road, both Motor Hull and MTPL exceeding once again the 100% threshold of profitability at market level.
Ukraine International Airlines (UIA) will pay all insurance payments and compensations to the families of killed passengers of the Tehran-Kyiv PS752 flight in accordance with the international rules, UIA President Yevhen DYKHNE reported at a briefing, news agency INTERFAX reported.
The catastrophe bond sector has surpassed USD 100 billion in cumulative issuance since its inception more than 20 years ago, Aon Securities, the investment banking division of Aon plc today announced.
According to the data of the National Bank for 11 months of 2019, GWP of travel insurance (voluntary and compulsory together) increased by 208% y-o-y, Allinsurance.kz reports.
On January 1, 2020, a new procedure for financing the State program for agricultural development entered into force. The procedure provides targeted subsidies for regions to support agroinsurance, considering insurance practices of each region, as the National Association of Agriculture Insurers (NAAI) informed.
SBERBANK Insurance renewed obligatory reinsurance protection of property risks accepted for insurance, for a capacity of RUB 5 billion (~EUR 73.48 million*), ASN reports.
From January to November 2019, the GWP of Belarusian insurers reached BYN 1.24 billion (~EUR 0.54 billion), which is 12.9% more y-o-y, as the statistical data published by the Ministry of Finance show.
"Robots can help us become better humans if we programmed them to be good robots", explains David CHEN, CFO, Hanson Robotics, in an interview for DIA.
Dagmara WIECZOREK-BARTCZAK was appointed Deputy Chairman of the Polish Financial Supervision Authority, in charge with KNF Office for supervision over the insurance sector, starting December 2019.