Every day in Austria more than 2,100 people are injured severely enough to need hospital treatment. Yet only one in two Austrians has a personal accident policy, although such coverage is one of the most basic insurance covers that nobody should forego, cautions UNIQA Austria.
For 7 months, Ukrainian insurers (members of MTIBU, the Motor Transport Insurance Bureau of Ukraine) generated UAH 2.57 billion of MTPL premiums (+20.5%). The total number of MTPL policies, according to MTIBU, increased by 4.2% and amounted to almost 4.6 million units.
For the first half year 2018, Motor Hull GWP amounted to RUB 80.1 billion (+3.1% y-o-y). According to the Central Bank, Motor Hull premiums saw growth for the first time in the last 3 years (in 2016, for example, premiums decreased by 9%, in 2017 - 4.8%).
Under the new law on household insurance, insurers are ready to create a new platform to launch a federal information resource on household insurance, according to the head of the Information Systems Department of the Russian Association of Motor Insurers, Alexey SAMOSHIN.
Life GWP for January-July amounted to 11.2% of total market GWP (vs 7.5% a year ago), according to Energyprom.kz. Thus, life premiums increased more than 1.5 times y-o-y.
After the severe catastrophe experience in 2017, resulting in a loss of GBP 2 billion, Lloyd's of London books returned to black in the first half of 2018, with a pretax profit of GBP 588 million supported by an improved combined ratio of 95.5%.
Swiss Re announced that Andreas BERGER, currently Chief Regions &
Markets Officer and a Board Member of the Management of Allianz Global
Corporate & Specialty SE, will be appointed Corporate Solutions CEO
and member of the executive committee effective April 1 2019.
A.M. Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of "aa-" for the main rated insurance subsidiaries of Zurich Insurance Group Ltd (Switzerland).
A.M. Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of "aa-" for SCOR SE (SCOR) (France) and its main operating subsidiaries.
In the context of the increasing frequency and intensity of meteorological events as a result of climate change, improving resilience to natural disaster risks is a primary objective, which requires the cooperation of all the interested entities - institutions of public administration, associations specialized in risk analysis and assessment, insurance companies, consultancy bodies, and non-profit organizations, etc.
The Georgian insurance market generated GWP in the amount of GEL 295.28 million (EUR 103.83 million) in the first half year, a 19.36% increase y-o-y, while the life sector increased by 69.36%, according to data from the Insurance Supervisory Office of Georgia.
The market statistical data provided by the Czech National Bank for 1H2018 confirm the positive trend reported by the results published by the local insurers' association (CAP) one month ago. Yet, as the group of market players considered by each of the two reports is different, also the overall picture is somewhat different.
Today has started in Moscow the 1st National Reinsurers Summit "National Reinsurers: Focus on global cooperation". Organized by the Russian National Reinsurance Company (RNRC) with the support of the Central Bank of the Russian Federation, the conference has the xprimm.com insurance portal as Media Partner.