XPRIMM News
Insurance Newsletter, No. 308, April 28, 2016

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INTERVIEW - ON THE MOVE - INSURANCE & TECHNOLOGY - TOP EVENT - TOP NEWS - PRESS CUTTINGS - CURRENT REPORTS

FIAR

TOP NEWS
VIG: Counting 25 countries in 25 years, with the aim of growing further in the CEE
by Daniela GHETU, 2016-04-28
25 years since taking the first step towards other countries in Central and Eastern Europe, VIG leaders are satisfied with the Group's position in the region and the financial outcome of this strategy, as the CEE markets are providing for about half od the premium income and significantly over 50% of the Group's profit.
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Digital technologies' support for property insurers under debate in Munich
by Daniela GHETU, 2016-04-28
"Insurers need to make the unknown known and explain what climate change risks are to society at large. For instance, we must continue to spell out the risks of building communities in unprotected coastal areas or in areas that are drought-prone," recently stated ALLIANZ CEO, Oliver BATE, commenting on the the historic climate agreement that was reached during the Climate Change Conference in Paris last December.
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TRUST Re's welcomed it's Business Partners in Vienna
by Alexandru CIUNCAN, 2016-04-25
This week, the Austrian capital city of Vienna hosted the first TRUST Re Business Partners' Seminar to take place in Europe, after successful events in Malaysia, Cyprus, Seychelles, Vietnam, Marocco and Bahrain.
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Credit Europe Asigurari
Budapest - the 1st edition of the Motor Insurance Conference started today
by Daniela GHETU, 2016-04-28
Today started in Budapest the 1st edition of the Motor Insurance Conference, organized by the Croatian Institute for Insurance in cooperation with XPRIMM, with the official support of MABISZ - the Association of Hungarian Insurance Companies.
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STATISTICS: FY2015: Turkish insurers maintained the SEE market on the rise
by Vlad BOLDIJAR, 2016-04-28
Last year, the SEE insurance market (inclusing Cyprus, Greece and Turkey) totaled about EUR 14.04 billion in GWP, 2.44% more y-o-y, according to preliminary figures centralized by xprimm.com. Of this figure, about 70% was generated by Turkish insurers, more than a quarter by Greek insurers, while the remaining five percentage points by the Cypriot market.
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MUNICH Re to pay out over EUR 1.3 billion to shareholders and expects EUR 2.3-2.8 billion profit for 2016
by Daniela GHETU, 2016-04-28
MUNICH Re will pay a significantly increased dividend of EUR 8.25 per share for the financial year 2015, making a total payout of over EUR 1.3 billion to its shareholders. "Last year, MUNICH Re achieved a profit of EUR 3.1 billion despite the difficult environment. This is the fourth year in succession that we have generated a profit of over EUR 3 billion. That is a good result," stated CEO Nikolaus von BOMHARD.
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EUROINS
AEGON

SCOR, Q1: Net income falls slightly to EUR 170 million
by Vlad BOLDIJAR, 2016-04-28
The Paris-based reinsurer SCOR reported a 2.9% y-o-y decrease in its Q1 net income to EUR 170 million, while the value of gross written premiums was up by 5.1% y-o-y to EUR 3.28 billion.
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STATISTICS: FY2015 CIS market figures: Nine of twelwe markets reported negative rates
by Vlad BOLDIJAR, 2016-04-28
Nine of twelwe CIS insurance market ended the year 2015 "in red", according to the preliminary figures centralized by xprimm.com, the group three "performes" being formed by Armenian (+13.92% y-o-y), Georgian (+2.93%) and Uzbek insurers (+21.60%).
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Bank of Russia aims to strengthen insurance supervision and regulations and advocates for the national reinsurer's establishment
by Daniela GHETU, 2016-04-28
A stronger legislation for the insurance industry, aligned with the requirements that need to be fulfilled by banks and NPFs, as well as the establishment of a national reinsurer are the priorities on the Russia Central Bank's agenda, as revealed by Bank of Russia Governor Elvira NABIULLINA.
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ON THE MOVE
Virgil SONCUTEAN will take over the Romanian leading insurer's CEO position; Remi VRIGNAUD promoted head of ALLIANZ SE CEO's chancellery

Remi VRIGNAUD, CEO of ALLIANZ TIRIAC Asigurari, the Romanian market's leader, will join the Allianz Group's top management, as head of CEO Oliver BATE's chancellery, according to an official announcement of the company. Virgil SONCUTEAN, the company's Chief Sales Officer and deputy general manager, will take over the CEO position starting September 1st.
More Продолжение

INSURANCE & TECHNOLOGY
LIMEWOOD: How to use predictive analytics to fight negative phenomena in life insurance portfolios and monitor the real quality of production in the sales channel

Lapses represent a significant business risk for all life insurance companies, because of their negative impact on the cash flow and costs. Often, lapses even represent fraudulent behaviour of the clients or members of the sales force.
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PRESS CUTTINGS
Aegon Life Ukraine's Financial Results in 2015

ALBANIA and BOSNIA: Study on Agricultural Insurance

Electricity supplier CEZ to also start selling insurance in ROMANIA

RUSSIA: CB closed "Soviet" insurance company
TOP EVENT
JLTFIAR 2016 - two weeks to the opening day of the most important European insurance spring event

Kurt KARL, Chief Economist, Head ER&C - Managing Director, Group Strategy, SWISS Re and Misu NEGRITOIU, President, ASF - Financial Supervisory Authority, are the Keynote speakers of the Insurance Market Trends Conference, which will take place at Brasov, on May 17th, within the 19th edition of FIAR - The International Insurance-Reinsurance Forum.
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INTERVIEW
Andrey T. UNTON
General Director
BELARUS Re

Last year there were positive dynamics in the development of BELARUS Re. Thus, in 2015 the total volume of reinsurance premiums reached BYR 488.0 billion, up by 44.6% in the current prices compared to 2014. There has been a significant growth and financial performance. Thus, the net profit of BELARUS Re has grown by 43.2% over the year 2015 and insurance reserves were increased by one-third.
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STATISTIC UPDATES
SEE Overall Market Data FY2015
CIS Overall Market Data FY2015

VIG
JLT

EVENTS
2nd Annual Global Insurance Distribution & Bancassurance Conference
May 12-13, 2016
Munich, Germany
Organizer: C-parity
Media Partner: XPRIMM Publications
For details: www.c-parity.com
4th Annual Operational Excellence in Insurance Forum
May 12-13, 2016
Amsterdam, the Netherlands
Radisson Blu Hotel
Organizer: Fleming
Media partner: Xprimm Publications
For details: www.fleming.events
BELARUS Re
TRUST RE

FIAR 2016 - The International Insurance - Reinsurance Forum
May 15-19, 2016
Brasov, Romania
Organizer: Media XPRIMM
Media coverage: XPRIMM Publications
For details: www.fiar.ro
2nd Annual Credit Risk Management Forum
May 19-20, 2016
Amsterdam, the Netherlands
Organizer: GLC Europe
Media Partner: XPRIMM Publications
For details: www.glceurope.com

SRBA

TARSIM International Agricultural Insurance Symposium
June 2-3, 2016
Istanbul, Turkey
Organizer: TARSIM - Agricultural Insurance Pool of Turkey
For details: iais.tarsim.gov.tr
4th Annual Insurance Claims Forum
June 2-3, 2016
Prague, Czech Republic
Organizer: Fleming
Media partner: Xprimm Publications
For details: www.fleming.events


CURRENT XPRIMM REPORTS
AZERBAIJAN FY 2014 & 1H2015
KAZAKHSTAN FY2014 & 1H2015
RUSSIA FY 2015
TURKEY FY2014 & 1H2015
ROMANIA 1H2015
Ins. Report CEE, SEE & CIS – FY2014 & 1H2015
Motor Ins. Report FY2015
Property Ins. Report FY2014

XPRIMM News