AzSıgorta, which in terms of GWP ranked 8th on the local market in 2018, ended last year with profit of AZN 4.7 million, according to the Chairman of the board of the company, Anar TALYBOV.
Based on the preliminary data, in 2018 profit of ROSGOSSTRAKH for the first time during the last 3 years amounted to RUB 6 billion.
RESO-Garantia acquires 100% of ERGO (a subsidiary non-life insurer of ERGO Group AG in Russia) from ERGO International AG, as ASN wrote.
MOI Insurance broker, one of the leaders in risk management, is opening a representative office in Uzbekistan - -MOI Insurance Brokers Asia, according to the Ministry of Finance of the country.
According to the preliminary data, GWP growth rate of O'zbekinvest Hayot in 2018 amounted to 59% (UZS 101.2 billion), as the information agency UzReport wrote.
The national rating agency Expert-RA confirmed the rating of VSK-Life line at ruA+, outlook stable, as ASN wrote.
The State Service on regulation and supervision of the financial market under the government of the Kyrgyz Republic (supervisor) on February 8, 2019 conducted a meeting of the Executive Council, dedicated to the results of 2018 and tasks for 2019, according to the statement on the official website.
A bill, providing for mandatory insurance of civil liability of vehicle owners from July, 2019, soon will be submitted to the Parliament, as the international news agency Sputnik informed.
Insurance company IMKLIVA was awarded a gold medal and Grand-Prix at the Brand of the Year 2018 competition, as the Belarusian Association of Insurers informed.
Armenian insurance companies are getting increasingly unhappy with the Armenia's Single Window for Automotive (ASWA) platform, designed for handling vehicle insurance-related cases because of suffering additional losses, as Hayk ARAKELYAN, the head of the Union of Insurance Agents, said.
Stopanska Banka has become one of the largest insurance distribution channels in Macedonia, by starting - in the year that marked its 75th annyversary, a partnership with two important life insurers from the local market: CROATIA Insurance and UNIQA.
Slovenia's top insurer Zavarovalnica Triglav plans to expand its activity in the Macedonian private pensions market. The Group is already present on the local insurance market, with two companies.
The National Assembly has officially transposed the European directive of insurance distribution in the national law at 31 January 2019. This initiative has come in the context where most European countries have already adopted the directive in their own law system.