Generali Group ended the year 2019 with a consolidated operating result of EUR 5,192 million, an increase of 6.9% compared to the previous year, thanks to positive performance on all main business segments.
Over the year 2019, Groupama's consolidated premium income reached EUR 14.4 billion, 1.7% more year-on-year, supported by the 2.6% growth in France which compensated the 2.3% decrease in premiums recorded outside France.
Aviva ended year 2019 with a consolidated operating profit of GBP 3.2 billion, up 6% year-on-year, giving a rise to 8% growth in operating earnings per share to 60.5 pence (FY2018: 56.2 pence).
On March 12, 2020, PZU announced the resignation of Pawel SUROWKA, President of PZU Group. During his leadership, PZU Group's net profit doubled, ROE increased by 40%, while the premiums written went up 20%.
PZU SA announced in March 2020 the appointments of Beata KOZLOWSKA-CHYLA and Malgorzata KOT to the Management Board of the company.
International General Insurance Holdings Limited ("IGI" or the "Company") today announced that its Bermuda subsidiary, International General Insurance Company Ltd. ("IGI Bermuda"), has been granted provisional approval by the National Association of Insurance Commissioners (NAIC) to begin writing U.S. excess and surplus ("E&S") lines business effective April 1, 2020, pending execution of the IGI Bermuda U.S. E&S lines trust agreement which is currently in progress.
The two conferences scheduled for April 6/7 in Vienna by the 2020 edition of IIF — International Insurance Forum were postponed for November 9/10. Registered attendees are kindly required to confirm their participation for the new dates.
PZU Group achieved in 2019 the best results in its history on the stock exchange, the Polish group reported citing as main coordinates of its success the highest net profit, the highest sales and the largest employee involvement.
Development and strengthening of the insurance market's position in Uzbekistan is supported by factors such as adoption of the state program for the insurance market development for the next 5 years, entering of new market participants as well as creation of the Agency on the insurance development. Besides, high market potential benefits from the fact that Uzbekistan has the fastest growing economy in Central Asia.
Last year, agroinsurance premiums reached RUB 5.6 billion (~EUR 80.72 million). According to Korney BIJDOV, President, National Association of Agricultural Insurers (NAAI), "agroinsurance turned out to be one of the fastest growing segments of the insurance market in Russia, showing a 51% y-o-y increase", ASN reports.
In January 2020, the GWP of the leading non-life insurer of Azerbaijan, PASHA Insurance, amounted to almost half of the total market's GWP, reaching AZN 56.6 million (~USD 33.3 million), which is at the same time AZN 10.1 million (USD 5.9 million) more than the insurer's GWP a year ago, Trend reports based on the data of the Central Bank.
Marsh announced that Brian Hanuschak has been appointed CEO of Victor Insurance Holdings, the world's largest managing general underwriter (MGU), effective immediately.
Swiss Re and Microsoft announced a strategic alliance aiming to launch Swiss Re's Digital Market Center, a platform which will help develop next-generation, large-scale tools to transform the way the insurance industry predicts and manages risks.
Sampo Group ended year 2019 with a profit before taxes of EUR 1,541 million, down 26% year-on year. The net profit of the group also shrunk by 30% to EUR 1,237 million.
Bulgarian insurers reported FY2019 GWP of BGN 2.9 billion (~EUR 1.5 billion), about 15% more y-o-y, according to year-end market statistics published by FSC. During the period, Bulgarian insurers paid claims worth of EUR 620.2 million, 8.4% more y-o-y, of which about EUR 530 million being related to non-life LoBs.
According to the year-end market figures published by the Central Bank of Hungary - MNB, the insurance sector's FY2019 premium income amounted to HUF 1,150.48 billion (~EUR 3.48 billion), rising by 12.33% y-o-y.
The insurance industry in Kazakhstan has sound profitability, supported by underwriting and investment results as well as the established regulatory framework, according to the report of S&P.
In January 2020, collected GWP for compulsory liability insurance of vehicle owners amounted to AZN 6.9 million (~USD 4 million), while the paid claims exceeded AZN 6 million (~USD 3.5 million), resulting in a loss of 87.5%, Trend reports based on the Azerbaijani Central Bank's data.
In November 2019, MTIBU announced the creation of an innovative hub to support the development and promote technological startups for road safety. The MTIBU team of experts will analyze the proposed innovative solutions.
For year 2019, Hannover Re recorded a net income of EUR 1,284 million, 21.2% higher when compared to the year before (FY2018: EUR 1,060 million).