For year 2019, SCOR Group reported a net income of EUR 422 million, up by 31.1% compared to the same period of prior year.
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In 2019, life insurance decreased by 9% y-o-y and amounted to RUB 433.2 billion (~EUR 6.24 billion), as the preliminary market data show. At the same time, life paid claims increased by 87%, to RUB 140.7 billion, according to Igor YURGENS, President of the All-Russian Insurance Association (ARIA).
Total number of complaints about insurers decreased by 34% in 2019, according to the Bank of Russia. This indicator was the best performing among non-credit financial institutions, the regulator noted.
As the data of the regulator show, in January 2020, total Kazakh market increased by 17% y-o-y, up to KZT 75.4 billion (EUR 0.18 billion).
As the data of the Bureau of motor insurers of Armenia show, the number of e-MTPL contracts in 2019 increased 3.6 times and reached 5% of the total MTPL contracts, ArmInfo reports.
Azerbaijan ranked third among the safest travel destinations in CIS region, according to the ranking of the famous Insurly website, while its worldwide ranking took 52nd place among 180 countries safest for tourists.
In 2019, Kyrgyz market grew to KGS 1.33 billion (EUR 17.09 million), which is 21.29% more y-o-y in local currency, as the data, published by the State Service of regulation and supervision of the financial market at the government of the Kyrgyz Republic, show.
According to the year-end market figures published by HAIC - the Hellenic Association of Insurance Companies, the Greek insurance market totalled EUR 4.07 billion at the end of 2019, up by 8.7% y-o-y.
According to FY2019 preliminary data reported by Czech Insurance Association - CAP, the local insurance market increased by 5.68% y-o-y to CZK 136.72 billion (~EUR 5.38 billion). The 27 insurers members of CAP represent roughly 98% of total GWP generated by local market.
In 2019, the National Commission for State Regulation of Financial Services Markets closed 27.5% more non-banking financial institutions than during 2018.
According to the National Bank of Kazakhstan figures, in 2019 non-life companies' profit decreased by 25.5% to KZT 52.2 billion (~EUR 122.29 million).
Insurance company O`zbekinvest Hayot summed up its 2019 results, according to which the company's paid claims increased by 62.1% at the end of the year, exceeding UZS 110.4 billion (~EUR 10.4 million), as UZREPORT agency informed.
For the year 2019, Allianz Group reported a net income (attributable to shareholders) of EUR 7.9 billion, 6.1% more year-on-year, mostly due to the increased operating profit and improved non-operating result, as well as a lower tax rate, as the company mentions.
For year 2019, Willis Towers Watson (WTW) reported a net income (attributable to the company) of USD 1,044 million, up 50% year-on-year (FY2018: USD 695 million).
AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of "bbb-" of Halyk-Life, Life Insurance Subsidiary Company of the Halyk Bank of Kazakhstan, JSC (Halyk-Life) (Kazakhstan).
On February 20, 2020, S&P Global Ratings revised UNIQA Insurance Group CreditWatch as a result of the planned internal restructuring and the potential shift in UNIQA's financial risk profile, as a result of the purchase over AXA CEE's subsidiaries.
NN officially announced its entrance in the Hungarian non-life insurance market. The company plans to offer three non-life types of products which will widen its product portfolio.
AXA announced the appointment of Scott Gunter as CEO of AXA XL. He will replace Greg Hendrick, who has decided to pursue other opportunities outside the Group.
The Board of the Financial Supervisory Authority (ASF) has decided, during the meeting on 19.02.2020, to withdraw the operating authorisation of the company CERTASIG Societate de Asigurare si Reasigurare S.A (CERTASIG), due to the fact that the company did not restored the level of eligible own funds covering the minimum capital requirement (MCR) within the term provided by law, wrote Romanian insurance portal 1asig.ro