Insurance -

AZERBAIJAN: AzSığorta ended 2018 with profit of AZN 4.7 million, capitalization increased by 16% y-o-y

Editor: Marina MAGNAVAL
2019-02-14

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.

RUSSIA: profit of ROSGOSSTRAKH, according to the preliminary data, in 2018 amounted to RUB 6 billion

Editor: Marina MAGNAVAL
2019-02-14

Based on the preliminary data, in 2018 profit of ROSGOSSTRAKH for the first time during the last 3 years amounted to RUB 6 billion.

RUSSIA: RESO-Garantia acquires the Russian non-life insurer of ERGO Group

Editor: Marina MAGNAVAL
2019-02-14

RESO-Garantia acquires 100% of ERGO (a subsidiary non-life insurer of ERGO Group AG in Russia) from ERGO International AG, as ASN wrote.

UZBEKISTAN: MOI insurance broker to open an office in the country

Editor: Marina MAGNAVAL
2019-02-14

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.

UZBEKISTAN: GWP of O'zbekinvest Hayot in 2018 amounted to UZS 101.2 billion, preliminary data show

Editor: Marina MAGNAVAL
2019-02-14

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.

RUSSIA: rating of VSK-Life line confirmed at ruA+

Editor: Marina MAGNAVAL
2019-02-14

The national rating agency Expert-RA confirmed the rating of VSK-Life line at ruA+, outlook stable, as ASN wrote.

KYRGYZSTAN: property insurance led 2018 year in GWP and paid claims

Editor: Marina MAGNAVAL
2019-02-14

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.

GEORGIA: mandatory insurance of civil liability of vehicle owners to come into force in July, 2019

Editor: Marina MAGNAVAL
2019-02-14

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.

BELARUS: IMKLIVA Insurance received a gold medal as the Brand of the Year 2018

Editor: Marina MAGNAVAL
2019-02-14

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.

ARMENIA: insurers' dissatisfaction with Armenia's Single Window for Automotive platform is growing

Editor: Marina MAGNAVAL
2019-02-14

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.

MACEDONIA: Stopanska banka AD began a bancassurance project in collaboration with two large insurance companies from Macedonia

Editor: Cosmin CONCEATU
2019-02-14

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.

TRIGLAV Group wants to expand in Macedonia's pensions insurance market

Editor: Cosmin CONCEATU
2019-02-14

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.

SLOVENIA: The new insurance distribution law is officially in force since 31 January 2019

Editor: Cosmin CONCEATU
2019-02-14

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.