TALANX Chief Financial Officer Immo QUERNER was appointed to the Supervisory Board of Deutsche Bahn on Wednesday, 25 March, informed the German insurers on its website.
Czech insurers, members of the Czech Insurance Association (CAP), examined a total of 8,474 suspicious claims in 2019, thus detecting insurance frauds amounting to CZK 1.133 billion (~EUR 41.4 million), which is double as compared with the year 2010 (CZK 624 million), CAP stated.
During January-February 2020, the number of e-MTPL policies in Armenia amounted to 16,448 units, while the share of electronic policies in total number of MTPL agreements reached 11% (vs. 3% a year ago), ArmInfo reports, based on the Armenian Bureau of motor insurers data.
Estonian PZU Kindlustus, part of the PZU Group, has already paid out some EUR 100,000 in travel insurance claims related to the coronavirus outbreak, the local press reports. The company representatives said the number of claims has lately exceeded 50 per day in several occasions.
The Financial and Capital Market Commission (FKTK) announced Saeima - the parliament of the Republic of Latvia approved the nomination of Girts RUDA as Member of the FKTK Board.
Lloyd's announced a return to profit of GBP 2.5 billion (pre-tax) for 2019, representing an improvement of GBP 3.5 billion on the previous year (2018: a loss of GBP 1.0 billion) and an 8.8% return on capital (2018: (3.7%)).
Guy Carpenter announced that it has entered into a strategic relationship with RiskGenius, to revolutionize the detection and qualitative analysis of silent cyber exposure across various lines of business.
In 2020 Azerbaijan is expecting changes in insurance legislation, especially related to compulsory insurance, according to the Chairman of the board, the Association of insurers of Azerbaijan, Azer ALIYEV, as Trend news agency informed.
Market GWP at the end of 2019 remained almost unchanged y-o-y in local currency, amounting to RUB 1.48 trillion (~EUR 21.3 billion). At the same time, market paid claims increased by almost 17% (in local currency), to RUB 610 billion (~EUR 8.8 billion), as the data published by the Central Bank show.
At the end of 2019, the Georgian insurance market recorded an increase of 15.27% y-o-y in local currency. The market GWP amounted to GEL 625 million (~EUR 195 million). At the same time, the paid claims jumped by more than 76% y-o-y (in GEL), as the data of the market supervisory authorities show.
The Czech National Bank - CNB most recent figures show that at the end of 2019 the local insurance industry totaled about CZK 165.92 billion (~EUR 6.53 billion), up by 6.63% y-o-y.
Although it is still early to know the insured losses recorded by Croatia after the 5.5 magnitude earthquake that hit Zagreb on Sunday, it seems that very few of the buildings and homes affected by the event are insured for the earthquake risk, so the impact on the local insurers' business will be modest.
As of 1 April, new provisions introduced in the general rules related to compulsory MTPL will take effect, providing for standardized criteria for the compensations calculation, a recent press release of the Insurance Association of Turkey (TSB) has announced.
More than 8 million residential properties in Turkey still need to be covered by earthquake insurance, according to Resit CAKAS, President of the Association of Insurance Agencies (SAB), informed Middle East Insurance Review. Resit CAKAS noted that at present, in Turkey approximately 9.6 million houses are insured.
Maarten PERQUIN has been appointed as chairman of ACHMEA's Pension & Life division with effect from 1 May 2020. He is succeeding Frans van der ENT, who will be pursuing his career outside the company from this date.
GENERALI CEE informed as of 1 May 2020 Gregor PILGRAM will become Chairman of the Board of Directors and Chief Executive Officer of GENERALI Versicherung, as well as GENERALI Group's Country Manager in Austria.
Guy Carpenter & Company, LLC, the global risk and reinsurance specialist and a business of Marsh & McLennan Companies, announced today that George WILLIAMS has been appointed as Managing Director, Global Head of Client Support Services, effective immediately.
The international rating agency Fitch Ratings affirmed the rating of BELEXIMGARANT at 'B' with a stable outlook, BELTA reports with a reference to the agency's press release.
GWP for voluntary health insurance in January-February increased by 36% y-o-y and amounted to KZT 13 billion (~EUR 30.9 million), while its market share (10.4%) remained mostly unchanged compared to previous year, Allinsurance.kz reports.
The International Insurance and Reinsurance Congress, including the 24th Annual Reinsurance Conference as previously scheduled on April 21-22, 2020, is postponed to July 2020, exact dates to be informed later. The event is supported by All-Russian Insurance Association.