News - Insurance

STATISTICS: ESTONIA, 1Q2020: Market compressed by 1.6% y-o-y million to EUR 120 million

Estonian insurers reported GWP of EUR 120 million in Q1 2020, or EUR 2 million less y-o-y, according to quarterly figures published by the Estonian National Statistics Board. The total value of GWP for the life segment decreased by 13.7% y-o-y to EUR 20.6 million, while the value of non-life GWP totaled EUR 99.5 million, up by 1.2% y-o-y.

STATISTICS: LATVIA, 1Q2020: Life insurers ended Q1 on loss even tough the GWP volume expanded by more than 75%

Latvian insurers reported EUR -3.52 million net loss at the end of March vs. EUR 4.87 million net profit in Q12019, according to figures released by the Financial and Capital Market Commission (FKTK). Non-life insurers closed Q12020 with a net profit of EUR 7.85 million (vs. EUR 3.64 million a year ago), while the life insurers reported a negative result of EUR -11.37 million vs. a net profit of EUR 1.22 million at the end of March 2019.

AVIVA: TULLOCH retired. Amanda BLANC appointed as new CEO

AVIVA announced the appoitment of Amanda BLANC as Chief Executive Officer of Aviva with immediate effect. "For family health reasons Maurice TULLOCH, the previous Chief Executive, has today stepped down from the role and retired from his position on the AVIVA Board", as the UK insurer mentioned in a statement. TULLOCH joined the AVIVA plc Board in 2017 and was appointed as Chief Executive in March 2019.

Zurich Insurance Group creates a WellCare business to accelerate the group's existing health and wellbeing initiatives in markets around the world

Zurich Insurance Group has created a WellCare business to accelerate the Group's existing health and wellbeing initiatives in markets around the world and apply a global approach to their development. The new business aims to provide retail, SME and commercial insurance customers with unique health and wellness solutions tailored specifically to their needs.

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