Insurance -

A.M. Best has affirmed credit ratings of Slovenian TRIGLAV and TRIGLAV Re

Editor: Daniela GHETU
2018-12-06

A.M. Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings of "a" of Zavarovalnica TRIGLAV, the parent company of the Slovenian TRIGLAV Group, and Pozavarovalnica TRIGLAV Re, a wholly owned subsidiary of TRIGLAV.

A.M. Best upgrades credit ratings of SAVA Re, d.d. to "A" (outlook stable)

Editor: Daniela GHETU
2018-12-06

A.M. Best has upgraded the Financial Strength Rating to A (Excellent) and the Long-Term Issuer Credit Rating to "a" of Slovenian Pozavarovalnica SAVA d.d. (SAVA Re), the parent company of the SAVA Re Group. The outlook of these Credit Ratings (ratings) is stable.

STATISTICS: SERBIA, 3Q2018: Top 5 insurers covered about 80% of total market

Editor: Andrei Victor
2018-12-05

In 3Q2018, the Serbian insurance market totaled RSD 74.6 billion (EUR 630 million), representing an increase of 5.2% on a year earlier, according to the statistics published by the National Bank of Serbia (NBS).

STATISTICS: ESTONIA, 3Q: Motor and property policies accounted for 70% of the market's GWP

Editor: Andrei Victor
2018-12-05

Estonian insurance market totaled EUR 357 million at the end of September 2018, up by 13.7% y-o-y, according to quarterly market figures published by the Estonian National Statistics Board.

RUSSIA: for 9 months return on equity on TOP-5 insurers amounted to 40.6%

Editor: Marina MAGNAVAL
2018-12-05

According to the financial results as of the end of the 3^rd quarter, the return on equity of TOP-5 Russian insurers amounted to 40.6%, the report on financial stability prepared by the Bank of Russia shows.

RUSSIA: Bank of Russia approved the expansion of MTPL tariff corridor

Editor: Marina MAGNAVAL
2018-12-05

The Regulation providing for the expansion of the base MTPL tariffs by 20% up and down was approved by the Bank of Russia, ASN reported. The new tariff corridor will be within RUB 2,746 - 4,942 (instead of the existing RUB 3,432 - 4,118).

RUSSIA: MTPL combined loss ratio as of the end of the 3rd quarter dropped by more than 40%

Editor: Marina MAGNAVAL
2018-12-05

Based on the report on financial stability for the 2^nd and 3^rd quarters, prepared by the Bank of Russia, MTPL combined ratio dropped to 79.2% (vs 119.9% a year ago).

AZERBAIJAN: Xalq Hayat Sigorta may become a new life insurer

Editor: Marina MAGNAVAL
2018-12-05

Insurance company Xalq Hayat Sigorta was registered on November 23 and has applied to Azerbaijan's Financial Market Supervisory Authority (FIMSA) for obtaining an insurance license, the news agency Trend wrote.

AZERBAIJAN: the market y-o-y growth exceeded 33% as of the end of October

Editor: Marina MAGNAVAL
2018-12-05

GWP of Azerbaijani insurance companies in January-October 2018 amounted to AZN 617.2 million (+33.4% y-o-y), according to the report of Azerbaijan's Financial Market Supervisory Authority (FIMSA).

GENERALI completes the acquisition of CONCORDIA companies

Editor: Andrei Victor
2018-12-05

Italian insurer GENERALI announced it entered into the final agreement to acquire full control of the Polish insurers CONCORDIA Capital (life insurance) and CONCORDIA Polska TUW (non-life insurance) from their German shareholders CONCORDIA Versicherung and Vereinigte Hagelversicherung.

Wolfgang STOCKMEYER appointed as VIG's BTA Baltic new Board Chairman

Editor: Andrei Victor
2018-12-05

Wolfgang STOCKMEYER (49) has been appointed, on 30 November 2018, Chairman of the VIG's subsidiary BTA Baltic Management Board, as part of a series of changes in the composition of its Management Board operated by the main player of Austrian Group in the Baltic region.

AEGON appointed new Head of Corporate Communications

Editor: Andrei Victor
2018-12-05

Frans de BEAUFORT has been appointed as the new Head of Corporate Communications at AEGON as of December 1, the as the Dutch financial group announced in a press release.

The CEE real estate market - increasing demand for title insurance

Editor: Daniela GHETU
2018-11-29

"Fifteen years after its introduction, title insurance continues to play a growing role in the CEE real estate market," Jean-Bernard WURM, Co-Founder & Managing Director of Secure Legal Title, London said talking to Property Forum about the trends in the CEE region's real estate sector.