The new 8% Insurance Premium Tax (IPT) has come into force since January 1st, 2019 in Slovakia, thus putting an end to amore than one year long debate.
CROATIA Osiguranje's Supervisory Board appointed, on 30 January, Davor TOMASKOVIC as a member of the Management Board. Upon completion of the prescribed procedure and regulatory approvals, the Supervisory Board will appoint Davor TOMASKOVIC as President of the company's Board.
Re/insurance broker AON announced its Q4 revenue decreased USD 139 million to USD 2.77 billion mainly "related to adoption of the new revenue recognition standard", as the company mentioned in a statement.
The global re/insurance broker AON informed that Tom FITZGERALD is leaving the company after 27 years of service.
Marsh & McLennan Companies - MMC - announced its Q4 2018 aggregate revenue was USD 3.71 billion (vs. USD 3.68 billion), while the same indicator for FY 2018 was USD 14.95 billion (vs. USD 14.02 billion).
Bulgarian EUROHOLD -owner of EUROINS Insurance Group (EIG) - announced in its preliminary financial report for 2018 - a positive financial result in amount of BGN 1.7 million (EUR 871,800) versus a loss of BGN 17.3 million (EUR 8.84 million) for the comparable period last year.
The new Insurance Distribution Act that became effective in the Czech Republic on 1 December 2018, and replaced the still effective Act on Insurance Intermediaries and Loss Adjusters (IILA) has introduced important changes on insurance distribution, as Schoenherr Journal wrote.
The newly founded insurance company Simplea was finally licensed by the Czech National Bank to start its activity, and it is expected to start operating in the second quarter of 2019.
IIF 2019 - CEE & SEE - Regional Actuarial Insurance Conference (the Marriott Hotel, Skopje, Macedonia, 28 February 2019) will explore the inclusive insurance concept and explain what actuarial services providers can add to this new domain.
Vienna Insurance Group (VIG) has launched its first internal corporate start-up, the "viesure innovation center" (viesure). Managed by VIG's largest Group company, Wiener Stadtische Versicherung, the new company will focus on emerging trends in customer service.
In 2018 the total number of MTPL policies increased by 2%, according to the preliminary data, however, GWP of the class remained at the level of 2017, as ASN informed.
Total amount of the insurance indemnity paid by the Russian National Reinsurance Company (RNRC) for the damaged military cargo already reached RUB 3.5 billion (~EUR 46 million)*, which makes this loss the biggest and unique in the whole history of military cargo insurance in the country, as ASN wrote.
The national rating agency Expert RA confirmed the rating of SBERBANK Insurance at ruAA+, at that the outlook was changed from stable to positive, reports ASN.