The insurance sector of Georgia in 1Q2019 grew by 9.44% y-o-y. Total GWP reached GEL 179.91 million (EUR 59.57 million), according to the data of the Insurance supervisory authority.
For January-May 2019, the average cost of MTPL policy for individuals decreased by 4.1% y-o-y, as data from the Russian Association of Motor Insurers (RAMI) show.
In the first quarter of this year, SOGAZ was way ahead of last year's leader SBERBANK Life insurance, collecting RUB 80.1 billion in GWP (GWP of SBERBANK Life insurance reached RUB 37.5 billion), ASN reported based on the data of the Bank of Russia.
Total number of insurance companies at the end of April 2019, was 27 (vs 31 a year ago). At the same time, assets of insurers increased by 17.6% y-o-y, according to Ranking.kz.
In 2018, there was a total of 7,285 "Green Card" claims for motor accidents caused by Slovenian vehicles, almost three times higher than 2,456 Green Card claims for motor accidents caused by foreign vehicles inside Slovenia, Slovenian Insurance Association (SIA) figures show.
The high interest in digitalization of the Hungarian branch of UNIQA paid off, making UNIQA an innovation "trendsetter" in the local market with its recently launched projects, like UNIQA HomeGuard and UNIQA CHERRISK.
GWP of MTPL insurers - members of the Motor (Transport) Insurance Bureau of Ukraine (MTIBU) increased by 13.57% y-o-y at the end of April 2019, amounting to UAH 1.578 billion (~EUR 53.31 million), reported Forinsurer.
During Rising Professionals' Global Forum 2019, a two-day event gathering approximately 700 delegates from insurance and financial services industry, Marsh & McLennan (MMC) representatives stressed about how the next generation of industry leaders must adapt to the new challenges and opportunities.
Ahead of this year's Connected Claims Europe Summit (September 18th & 19th, Amsterdam), Insurance Nexus spoke to global thought leaders working in Claims (from AXA Insurance, American Modern Insurance Group, Zurich and more), to understand how they are preparing to meet exceptionally high customer expectations.
CyberCube Analytics, the US provider of cyber risk analysis for insurance companies, is preparing to open a software product development center in Tallinn, informed LETA/BNS.
The project for the renovation of the "Procuratie Vecchie" in Piazza San Marco in Venice, contracted to David Chipperfield Architects Milan by GENERALI in 2017, has finally received permission to build from the Municipality.
PERILS AG has disclosed its second loss estimate of EUR 798 million for windstorm Dragi-Eberhard. This estimate compares to the initial loss estimate of EUR 740 million which was issued by PERILS on 18 April 2019.
ZURICH Insurance Group announces the appointment of Conny KALCHER to the position of Chief Customer Officer of the new created Customer Office as part of ZURICH's drive to further elevate customer excellence across the organization.
The Polish Financial Supervision Authority agreed to the merger of Generali Zycie and Concordia Capital. Maciej FEDYNA, Member of the Management Board of Generali Polska, will perform the function of President of the Management Board of the Concordia Polska Mutual Insurance Society.
German insurer ALLIANZ announced two movements in order to increase its presence in the UK.
AVIVA's head Maurice TULLOCH - appointed as CEO of the UK largest insurer on March 4th 2019 replacing Mark WILSON, announced the Group is cutting 1,800 jobs over the next three years in an effort to cut costs.
VIG's Romanian Group company OMNIASIG has consolidated and significantly intensified its social, environmental and community commitment with a new CSR strategy. Employee involvement is a key element of the strategy. At a ceremony held in Bucharest on 6 June 2019 OMNIASIG, received the Silver "Gunter Geyer Award for Social Conscience" in recognition of its efforts.
Slovenian reinsurer SAVA Re announced it has acquired the remaining 84% shareholding interest in local investment fund management company INFOND. The price of the deal was not disclosed.
The insurance sector has evolved during the last years, as the world and the needs of people have been changing.
The Russian National Reinsurance Company (RNRC) announced that Nikolay GALUSHIN, its President and Chairman will leave the position on July 1, 2019, "following the successful implementation of the launch and development of national reinsurer's activities, through the company's strategy".