The European Insurance and Occupational Pensions Authority (EIOPA) established on September 17th, 2019, its Consultative Expert Group on Digital Ethics in Insurance.
Ceska pojist'ovna, the Czech insurance market leader of 2018, announced the decision to merge with the Czech branch of Generali, the unification of the two companies creating the largest local insurer in terms of total market share.
The National Rating Agency (NRA) and the National Credit Ratings (NCR), on September 12, were included by the Central Bank into the register of Russian rating agencies, thereby increasing the total number of accredited rating agencies in the register from 2 to 4, ASN reports.
Based on the decision of the Council of Ministers d/d August 29, 2019, from September 1st, innovations in compulsory insurance against industrial accidents and occupational diseases entered into force, BELTA news agency informs.
For the 1H2019, GWP of Russian insurers reached about RUB 739.3 billion (~EUR 10.3 billion), thus exceeding the 1H2018 level by only 1%.
The Turkish insurance market recorded again a double-digit nominal growth rate in 1H2019, with GWP increasing by 19.23% in local currency, to TRY 33.23 billion.
Total GWP by Serbian insurers in the first half of 2019 amounted to EUR 455.6 million, 3.08% up y-o-y, mostly driven by the non-life segment.
The second and the final day of The Fourth Annual "Connected Claims Europe" event, organized by Insurance Nexus, is taking place now, September 19th, 2019, in Amsterdam, Netherlands. Insurance experts around the world will gather to discuss the future of claims in the industry. Stay tuned to read the main statements of the day!
The Fourth Annual "Connected Claims Europe" event, organized by Insurance Nexus, started today, September 18th, 2019, in Amsterdam, Netherlands. Insurance experts around the world will gather to discuss the future of claims in the industry.
Trust Re announced the strengthening of its Executive Management team, thus forming its new Executive Committee. The nominations have been approved by The Central Bank of Bahrain, and are part of Trust Re's strategic plans.
On September 12, 2019 the Verkhovna Rada of Ukraine adopted a bill on "Amending certain legislative acts of Ukraine, concerning the consolidation of the state functions regulating the financial services market", which provides for separation of functions of the National Commission for the financial services market, Forinsurer reports.
The latest report of Capital.market, that references the Supervisory Authority (CNPF) press service, mentions the visit that the European Commission has made in Moldova, through the Technical Assistance and Information Exchange program.
In terms of summer storms losses, 2019 was an average year for Hungarian insurers. As the latest Association of Hungarian Insurance Companies (MABISZ) analysis shows, local insurers paid around HUF 4.1 billion (~ EUR 12 million) in households claims related to weather events, between May 1st - August 31st.
The Supervisory Board of the Hungarian VIG Group company UNION Vienna Insurance Group Biztosito Zrt. has appointed Gabriella ALMASSY the new General Manager of the company effective 1 January 2020.
On September 12, 2019, The Albanian Parliament approved the proposal of Ervin METE as Chairman of the Board for The Albanian Financial Supervision Authority (AFSA).
After the first six months of 2019, the Romanian insurers aggregate premiums production increased y-o-y by 6.13%, to EUR 1,148.6 million. Paid claims increased by 17.55%, to EUR 708.35 million. Motor insurance lines had the largest contribution to both GWP and paid claims increase.
Guy Carpenter announced a key leadership change to further its growth strategy. David PRIEBE has been appointed to the role of Chairman of Guy Carpenter, effective immediately.
Total market GWP in 1H2019 reached KGS 523.09 million (EUR 6.61 million), according to data published by the State Service of Financial Market Regulation and Supervision for the Kyrgyz Republic.
After the successful pilot of #InsurtechSofia, launched in 2017, Fintechguardian - The European Association of Fintech Stakeholders is organizing a second edition of #InsurtechBalkans series of specialized Insurtech summit and expo events, this time in Skopje, North Macedonia.
In recognition of his dedicated effort and outstanding leadership in Poland, Romania, the Baltic States, the Ukraine and Moldovia, Franz Fuchs will be named Deputy General Manager on 1 October 2019. Three new members with extensive international experience in the Group - Gerhard Lahner, Gabor LEHEL and Harald RIENER - will join the Managing Board as of 1 January 2020. Judit HAVASI will resign from the VIG Managing Board at the end of 2019.