XPRIMM News
Insurance Newsletter, No. 326, September 22, 2016

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INTERVIEW - ON THE MOVE - ANALYSIS - TOP EVENT - TOP NEWS - PRESS CUTTINGS - CURRENT REPORTS

TOP NEWS
ICAR 2016: Henning LUDOLPHS, Hannover Re talks about the ILS use in Nat Cat risks transferring
by Daniela GHETU, 2016-09-22
Henning LUDOLPHS, Managing Director, Retrocessions & Capital Markets, Hannover Re will explain the main aspects of the Insurance-Linked Securities (ILS) use in relation to the Nat Cat risks insurance at the forthcoming edition of the ICAR 2016 - International Catastrophic Risks Forum.
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EIOPA: Public Hearing on the Insurance Distribution Directive
by Daniela GHETU, 2016-09-22
EIOPA announced a public hearing on its Consultation Paper on draft technical advice on possible delegated acts concerning the Insurance Distribution Directive (IDD), which will be held on 23 September 2016 (09:00 to 16:00 h CEST) in Frankfurt. The event will be streamed live on the event page on EIOPAs website.
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Romanian MTPL legal framework modified by the government. See the most important changes
by Mihai CRACEA, 2016-09-22
The Romanian government recently passed a law that will bring substantial changes to the local MTPL legal framework. It is the first law that was issued specifically for the MTPL sector, which was governed, until now, by the secondary legislation issued by the Financial Supervisory Authority.
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AIR Worldwide's terrorism model expanded globally
by Daniela GHETU, 2016-09-20
Catastrophe risk modeling firm AIR Worldwide (AIR) announced that it has expanded the capabilities of its terrorism risk model to support scenario testing for the United States and 27 other select countries to help companies assess the impact of different attack scenarios on their portfolios and better manage their global terrorism risk. AIR Worldwide is a Verisk Analytics business.
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Hydra Meeting: Regulatory and tech challenges debated by the Greek insurance market
by Mihai CRACEA, 2016-09-22
The 18th Annual Conference of insurers and brokers in Greece, organized by the Hellenic Association of Insurance Companies has kicked off today on the island of Hydra, gathering professionals from the local and international insurance marketa, as well as specialists from other related industries.
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VERISK Insurance Solutions launches new energy insurance unit
by Daniela GHETU, 2016-09-20
VERISK Insurance Solutions, a VERISK Analytics business, has launched a new energy insurance unit focused on transforming risk assessment, rating, and risk modeling for the oil and gas, petrochemicals, power generation, and metals and mining industries.
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ICAR 2016
STATISTICS: BELARUS, 1H2016: Market growth by 22.7%
by Olesea ADONEV, 2016-09-22
According to data provided by the Ministry of Finance of Republic of Belarus, the local insurance market saw a 22.7% positive evolution in GWP terms at the end of the first half of 2016.
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Half the population of Slovenia lives in areas of high seismic risk
by Daniela GHETU, 2016-09-22
Up to 53% of the population of Slovenia lives in areas in which earthquakes have caused great damage in the past. Zavarovalnica TRIGLAV, the leading Slovenian insurer, has put in place the Everything will be all right website as an information and educational tool, providing articles which explain both the risks and the insurance appropriate solutions to mitigate them.
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BELARUS Re's Fitch IFS rating affirmed at 'B-', Stable Outlook
by Daniela GHETU, 2016-09-20
FITCH Ratings has affirmed Belarusian National Reinsurance Organisation's (Belarus Re) Insurer Financial Strength (IFS) rating at 'B-'. The Outlook is Stable, informs an agency's press release of September 15.
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STATISTICS: UZBEKISTAN, 1H 2016: 43.56% of market is held by voluntary insurance
by Olesea ADONEV, 2016-09-22
In the first half of 2016 the Uzbek insurance market reached a total GWP volume of UZS 347,700 million, up by 36.94% in local currency and by 18.02% in European currency. Total claims paid were amounted to UZS 68,700 million, 21.16% more than in January-June 2015.
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Credit Europe Asigurari

AZERBAIJAN: List of diseases and medical procedures covered by the compulsory medical insurance system submitted to the Goverment
by Daniela GHETU, 2016-09-22
Azerbaijan is taking steps ahead towards the compulsory medical insurance system's implementation. The draft list concerning the diseases and medical services covered by the mandatory health insurance package has been submitted to Azerbaijan's Cabinet of Ministers, Zaur ALIYEV, director of the country's State Agency for Compulsory Health Insurance has stated on September 20th, reports APA.
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"Insurance and Reinsurance in the Baltics 2016" will discuss about the future of the European insurance
by Daniela GHETU, 2016-09-22
The fast changing global insurance landscape requests insurers not only to adapt, but also to anticipate in order to cope with the strong competitive environment. XVI International Conference "Insurance and Reinsurance in the Baltics 2016" Riga, September 29th, 2016, will address the challenges of the next decade for the European insurance community.
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Why is digital insurance the key to customer satisfaction?
by Daniela GHETU, 2016-09-20
Customer journeys that were purely digital had the highest overall satisfaction rate of 76%, while the traditional journeys scored the worst at only 57%. How to optimize the customer journey and allow a truly omnichannel experience?
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ANALYSIS
Motor insurance in Kazakhstan: Trends and challenges in 1H2016

Motor insurance lines, such as MTPL and Motor Hull, remain the most popular retail insurance products in Kazakhstan. Thus, in the first half of 2016 the market share of motor insurance in the total GWP totaled 17.3% and 19% in 2015.
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ON THE MOVE
Thierry PELGRIN will lead the European business of SOMPO Canopius

The global reinsurance business of Lloyd's insurer Sompo Canopius has appointed Thierry PELGRIN as the new leader for its operations in continental Europe, Asia Insurance Review reports.He will take up the role at SOMPO Canopius Re on November 1, reporting to chief underwriting officer Jamie WAKELING.
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TOP EVENT
Register now to Baden - Baden XPRIMM Reception!
The Kurhaus Casino from Baden Baden will host on Sunday, October 23rd the 8th edition of the XPRIMM Reception.
Baden - Baden XPRIMM Reception represents an opportunity for the CEE & CIS insurance industry to make itself known during the annual meetings held in Baden - Baden.
Click here to register.

INTERVIEW
Petar-Pierre MATEK
President
Croatian Financial Services Supervisory Agency (HANFA)

Consumer protection is one of HANFA's top priorities, especially taking into account the growth in unit-linked life insurance.
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STATISTIC UPDATES
Belarus 1H2016
Uzbekistan 1H2016

VIG
JLT

XPRIMM EVENTS
ICAR - The International CAtastrophic Risks Forum
October 11, 2016, Bucharest, Romania

Baden-Baden XPRIMM Reception
October 23, 2016, Baden Baden, Germany
AZERI Evening - Baden-Baden
October 23, 2016, Casino Restaurant Sommergarten, Baden Baden, Germany
European Consumer Protection Conference
February 16, 2017, Vienna, Austria
IIF 2017 - MOTOR Insurance Conference
February 17, 2017, Vienna, Austria
TRUST RE
PARTNER EVENTS
Life Insurance Conference
September 25-27, 2016, Barcelona, Spain

XI Motor insurance seminar
September 28, 2016
XVI Baltic insurance conference
September 29, 2016, Riga, Latvia

IBF-Insurance Business Forum
September 26-30, 2016, Sochi, Russia
MARSH
EUROINS

The 8th International Istanbul Insurance Conference
October 6-7, 2016, Istanbul, Turkey
8th Annual Insurance Distribution Strategies
13-14 October 2016, Amsterdam, Netherlands
Insurance Fraud Forum
October 20-21, 2016, Munich, Germany
Baden Baden Meetings 2016
October 23-26, 2016, Baden Baden, Germany
VIII International Conference "Corporate Insurance"
October 26, 2016, Moscow, Russia

GLOBASIG


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

XPRIMM News