XPRIMM News
Insurance Newsletter, No. 312, June 2, 2016

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INTERVIEW - ON THE MOVE - ANALYSIS - TOP EVENT - TOP NEWS - PRESS CUTTINGS - CURRENT REPORTS
TOP NEWS
The International Agricultural Insurance Symposium organized by TARSIM began today in Istanbul
by Adina TUDOR, 2016-06-2
Between June 2 and June 3, 2016, TARSIM - The Agricultural Insurance Pool of Turkey organizes in Istanbul, The International Agricultural Insurance Symposium (IAIS), celebrating its 10th anniversary. Over 500 professionals representing institutions and organizations from multiple countries participate at the event.
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STATISTICS: Czech Insurance Association: Insurance market growing thanks to MOD insurance
by Sabrina CANEA, 2016-06-02
At the end of March 2016, the Czech Republic insurance market totaled CZK 31.12 billion (about EUR 1.15 billion), 1.27% more y-o-y, according to the results of the members of the Czech Insurance Association (CAP). The most dynamic sector in non-life insurance is collision insurance. Collision insurance (n.red.: MOD insurance) strengthened year-on-year by 9.2% and helped to maintain the continuing growth of the entire non-life segment", CAP annoucend in a press release.
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STATISTICS: MONTENEGRO, 1Q2016: Property insurance decline pushed down the market turnover
by Daniela GHETU, 2016-06-02
Montenegro's insurers have reported a decreasing consolidated GWP amount, by 1.84% lower y-o-y, mostly pushed down by the significantly decrasing property insurance business.
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CROATIA Osiguranje, 1Q2016: Slightly decreasing GWP, improving profitability indicators and M&A operations in course
by Daniela GHETU, 2016-06-02
CROATIA Osiguranje (CO) maintained its leading position in the Croatian insurance market, with a total share of 35.7% also continuind to lead in all three segments of the life, non-life and health insurance. GWP achieved in the Croatian market amounted to 904.5 million kuna (~EUR 121.5 million), which is 45 less y-o-y. Health insurance was the segment with the best dynamic in 1Q.
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Romanian insurance market went up by 5.35% in 1Q2016
by Mihai CRACEA, 2016-06-02
Romanian insurance market went up, in GWP terms, by 5.35% in 1Q2016, as compared with the first quarter of 2015, announced today the supervisory authority's head, Misu NEGRITOIU, at a financial conference held in Bucharest.
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How can insurers turn "disruptive" ideas into profit?
by Adina TUDOR, 2016-06-02
In a time when companies use multiple tools and cutting-edge knowledge to develop projects to match market demand, they face the uncertainty of knowing how to turn all these "disruptive" ideas into profit. For this reason, the second edition of the "Global Summit for Insurance Innovation" brings into debate ideas, projects, strategic and operational challenges, addressing innovations and "disruptive" aspects that affect the insurance world today. XPRIMM Publications support the event as Media Partner.
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UNIQA technical result rose by 58.0% y-o-y in 1Q
by Vlad BOLDIJAR, 2016-06-02
UNIQA Group Austria 1Q2016 GWP fell by 15.7% y-o-y, to EUR 1,718.7 million "due to proactive reduction in single premiums in life insurance / Significant rise in premiums in health insurance (+3.1%) and property and casualty insurance (+1.8%) ", as the insurer pointed out in a press release.
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Credit Europe Asigurari
AXA names new management team under new CEO ahead of investor day
by Sabrina CANEA, 2016-06-02
On May 27th, French insurer AXA announced a series of appointments to form a new management team that will support Thomas BUBERL, who will be CEO of AXA as of September 1st, 2016, in the definition and implementation of the Group's strategy and management of its global operations.
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Distinguished SPEAKERS have confirmed their active involvement on the AIIF 2016 - Azerbaijan International Insurance Forum. Register NOW!
by Olesea ADONEV, 2016-06-02
The 7th Edition of the AIIF 2016 - Azerbaijan International Insurance Forum, is a top level environment for re/insurance professionals and a platform for the exchange of business insights on essential issues of the re/insurance industry.
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BALTA 1Q2016: Net profit of EUR 1.2 million in Latvia
by Daniela GHETU, 2016-06-02
BALTA Insurance, member of the CEE leading PZU Group, concluded 1Q with a net profit of EUR 1.2 million, while the overall growth of the company, compared to the same period last year was of 13%.
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EUROINS
AEGON

Lloyd's of London eyes the Turkish insurance market
by Daniela GHETU, 2016-06-02
Lloyd's of London is interested to enter the Turkish market and currently seeks the best way of doing it, as Lord Mayor of the City of London Jeffrey Mountevans, quoted by dailysabah.com, said in a recent press conference in Istanbul.
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NN Group acquires Notus Financial Advisors in Poland
by Sabrina CANEA, 2016-06-02
On May 18th, NN Group announced that it has reached an agreement to acquire 100% of the shares of Dom Kredytowy Notus S.A. ("Notus"). Notus is a leading financial broker in Poland, offering mortgage loans, insurance, investment and savings products.
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The life insurance segment, analyzed during a dedicated conference organized by LIMRA in Barcelona
by Adina TUDOR, 2016-06-02
The Life Insurance Conference is one of the leading conferences specialized on the life segment within the EMEA region. Each year, LIMRA welcomes over 100 top executives from life insurance companies and offers a unique opportunity to network with peers and leading industry experts.
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ON THE MOVE
Dr. Othmar Ederer is the new President of the Austrian Insurance Association; his mandate will start on July 1st, 2016

Mag. Dr. Othmar EDERER, Chairman of the Board and General Director of Graz Mutual Insurance Aktiengesellschaft, was unanimously appointed by the Board of the Austrian Insurance Association (VVO) as Chairman. His mandate will become effective starting July 1st.
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Alexander BOCKELMANN appointed as new Chief Digital Officer and head of IT at UNIQA

UNIQA has a new Chief Information Officer and Chief Digital Officer in Alexander BOCKELMANN, 42. In his newly created function at UNIQA, BOCKELMANN will report directly to Erik LEYERS, Chief Operation Officer and member of the Group's Management Board. Bockelmann and his team will advance digitalisation at UNIQA and establish the necessary digital platforms to enable UNIQA to meet the new customer expectations and deliver on what it promises its customers.
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ANALYSIS
Agriculture Insurance

The whole civilization process started because men started cultivating. Foundation of society was formed as they started living at one place for carrying out agriculture activities, for survival. There are various theories of agriculture and how it started, however the conclusion is, agriculture gave birth to the formation of society as people started living together in primitive stage. In terms of profession, agriculture would be considered as oldest profession, or an employment sector where people are involved.
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PRESS CUTTINGS
AZERBAIJAN: 733 contracts for almost AZN 87,080 signed on Green Card system in May

Fourth life insurer is about to appear in Azerbaijan

LATVIA: Sales of Coface Latvia credit risk insurance grow 17% in Q1
TOP EVENT
Managing the world's top risk of failing climate-change mitigation and adaptation - on the Property Insurance Forum's agenda in Munich

"The first priority in dealing with the increased destructive potential of the natural catastrophes should be to invest into loss prevention measures like risk adequate planning of new settlements, better flood protection, less vulnerable building structures, early warning systems. Here the insurance industry has built up a lot of knowhow which can support political decision makers," Prof. Dr. Peter HOEPPE, head of the Munich Re division "Geo Risks Research/Corporate Climate Centre" stated for XPRIMM.
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INTERVIEW
Mehmet Akif EROGLU
Secretary General
TSB - Insurance Association of Turkey

As the overall insurance penetration is not yet at the desired level, the motor lines are still the market drivers in Turkey. "As a country, as an industry, we have to increase the insurance penetration rate. The motor line has already grown, so our focus now is on other lines of business. Health is one of them. We believe in complementary health products because right now just 2 million people benefit from private health policies and we are 80 million in total."
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VIG
JLT

STATISTIC UPDATES
Czech Republic 1Q2016
Montenegro 1Q2016


EVENTS
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
BELARUS Re
TRUST RE

9th Tashkent International Insurance and Reinsurance Forum
June 1-4, 2016
Intercontinental Tashkent Hotel
Tashkent, Republic of Uzbekistan
Organizer: SAIPRO Information Rating Agency in cooperation with General Arab Insurance Federation
Media Partner: XPRIMM Publications
For details: forum.saipro.uz
Russian Insurance Summit
June 8, 2016
The Ritz-Carlton Hotel,
Moscow, Russia
Organizer: All-Russian Insurance Association (ARIA)
Media Partner: XPRIMM Publications
For details: insuranceconference.ru
SRBA

IIF 2016 - Property Insurance in a Stormy Era
June 20-21, 2016
Munich, Germany
Organizers: XPRIMM and NTT Data
Media coverage: XPRIMM Publications
For details: www.internationalinsuranceforum.com
Global Summit for Insurance Innovation
June 20-21, 2016
Madrid, Spain
Organizer: INESE
Media Partner: XPRIMM Publications
For details: innovation.inese.es
Insurance Innovation Forum - InnoIns-2016
June 22, 2016
Moscow, Russia
Organizer: All-Russian Insurance Association
Media Partner: XPRIMM Publications
For details: www.insur-info.ru
AIIF 2016 - VII Azerbaijan International Insurance Forum
June 23rd - 24th, 2016
Baku, Republic of Azerbaijan
Organizers: Azerbaijan Insurers Association and XPRIMM
For details: www.xprimm.com
Solvency 2 - Lessons Learned
September 6, 2016
Hotel Union Ljubljana, Slovenia
Organizer: AZN - Insurance Supervision Agency
6th Annual Managing Insurance Assets Conference
September 8-9, 2016
London, United Kingdom
Organizer: Marcus Evans
Media Partner: XPRIMM Publications
For details: marcusevans-conferences-paneuropean.com



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

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