XPRIMM News
Insurance Newsletter, No. 347, 9 March, 2017

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ON THE MOVE - ANALYSIS - TOP NEWS - CURRENT REPORTS

TOP NEWS
PAID is preparing to effectively handle a major earthquake in Romania
by Daniela GHETU, 2017-03-09
PAID Romania - the national pool for disaster insurance -, is prepared to successfully assist the mandatory household policy owners in case a major earthquake will hit the country. Currently the PAID portfolio numbers 1.7 million mandatory household insurance policies PAD, covering about 20% of the Romanian housing stock.
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TRIGLAV Group: 2016 financial targets exceeded; improved international ratings
by Daniela GHETU, 2017-03-09
According to unaudited data, the TRIGLAV Group generated a profit before tax of EUR 95 million (planned at between EUR 80 million and EUR 90 million) and achieved an 11.4% return on equity in the reporting period. The business results above the planned target level were primarily the result of a very successful performance in the insurance business, whereas the unfavourable situation in financial markets had a negative impact, a Group's press release reads.
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Insurance prices start increasing in Slovakia, following the new 8% levy on the non-life insurance premiums
by Daniela GHETU, 2017-03-09
The 8% levy on insurance premiums extension from the MTPL class to a;; the facultative non-life insurance lines in Slovakia started to produce effects on the insurance premiums, reports The Slovak Spectator, mentioning especially the vehicle and travel insurance premiums.
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STATISTICS: AZERBAIJAN: The two PASHA units, ATESHGAH subsidiaries and the State insurer AZERSIGORTA dominate the market
by Vlad BOLDIJAR, 2017-03-09
At the end of December 2016, Azerbaijan's 25 insurance companies reported aggregate gross written premiums of AZN 486 million (EUR 260 million), which is 9.7% more than in 2015. Claims paid by the local insurers totaled AZN 237 million (EUR 127 million), up by 32% y-o-y.
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Greece, FY2016: 4.6% y-o-y increase in the overall premium income
by Daniela GHETU, 2017-03-09
According to a recent press release of the Hellenic Association of Insurance Companies (HAIC), the Greek insurance market saw a 4.6% y-o-y increase in the overall premium income in 2016, to EUR 3.78 billion. The result takes into consideration the 56 insurance undertakings HAIC members, representing approximately 97.1% of total premium income.
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Greek insurance magazine "Asfalistiki Agora" celebrates 40 years of activity
by Daniela GHETU, 2017-03-09
The Greek insurance magazine "Asfalistiki Agora" (Insurance Market) celebrates 40 years since it accompanies Greek insurers providing a large array of specialty information.
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AIG sets Q1 2019 as deadline for moving its EU hub in Luxembourg
by Daniela GHETU, 2017-03-09
U.S. insurer AIG said this week that although it will keep its main European headquarters in London, it also plans to a European Union hub in Luxembourg following Britain's decision to leave the bloc, report Reuters.
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HANNOVER Re bets on profitability and reports net income exceeding the 2016 target
by Daniela GHETU, 2017-03-09
With Group net income of EUR 1.17 billion HANNOVER Re has comfortably surpassed its target for the 2016 financial year. "Another strong underwriting result in property and casualty reinsurance combined with pleasing investment income laid the foundation", Chief Executive Officer Ulrich Wallin noted.
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UNIQA Group: FY 2016 earnings target achieved
by Vlad BOLDIJAR, 2017-03-09
The Austrian insurer UNIQA reported earnings before taxes (EBT) of EUR 225.5 million at the end of 2016, "slightly better than anticipated despite the disposal of the Italian business". At the same time, the value of premiums written dropped 3.1% to EUR 5.04 billion "as a result of the significant decrease in capital-intensive single premiums".
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New players on the Romanian MTPL insurance market
by Daniela GHETU, 2017-03-09
The Irish Euro Insurance DAC (commercial name LeasePlan Insurance) has received the Romanian Financial Supervisory Authority's positive answer for providing MTPL insurance in Romania, based on the EU FOS rights.
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ON THE MOVE
Aon announces new leadership for AON Risk Solutions in the UK
by Vlad BOLDIJAR, 2017-03-09
AON announced the appointment of Julie PAGE as CEO of Aon Risk Solutions (ARS) in the UK, effective 1 April 2017. She takes over this role from Andrew TUNNICLIFFE, who has been with AON since 2005, holding senior leadership roles within ARS EMEA and Aon Global Risk Consulting as well as leading ARS UK.
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Personnel changes in the Board of Management of TALANX Systeme AG
by Vlad BOLDIJAR, 2017-03-09
German insurer TALANX announced it has appointed Mario KRAUSE (currently, in the Board of Management of TALANX Systeme AG, responsible for IT relating to Property/Casualty, Industrial Lines and Infrastructure ) as Chairman of the Board of Management of TALANX Systeme AG, with effect from 1 July 2017.
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New representatives of the shareholders in the SAVA Re's supervisory board
by Daniela GHETU, 2017-03-09
Davor Ivan GJIVOJE, Mateja Lovsin HERIC, Keith William MORRIS and Andrej KREN were elected as new members of the SAVA Re's supervisory board to represent the shareholders.
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PRESS CUTTINGS
AZERBAIJAN sees rise in insurance assets

ESTONIA allows self-driving cars on the roads

HUNGARY: New Regulation On Unit-Linked Life Insurance

KAZAKHSTAN: Serious reforms are expected in the insurance sector

RUSSIA: On for two months increased the fees of insurance premiums to 692 billion rubles

TURKEY: Zurich launches first retail cyber protection insurance product


VIG
JLT

ANALYSIS
Cat bonds may be an attractive investment EU insurers in the Solvency II framework
Investing in catastrophe bonds is viewed as an attractive investment by some primary insurance companies, with the implementation of Solvency II meaning the assets can have certain capital benefits, depending on an insurers profile, reads a column recently published by Artemis.
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STATISTIC UPDATES
Azerbaijan FY2016

OMNIASIG
MARSH

XPRIMM EVENTS
Inclusive Insurance And Microinsurance
17 May 2017, Ljubljana, Slovenia
FIAR 2017 - The International Insurance-Reinsurance Forum
21-25 May 2017, Poiana Brasov, Romania
AIIF - Azerbaijan International Insurance Forum
June 2017 Baku, Azerbaijan
IIF 2017 - PROPERTY Insurance Conference
26-27 June 2017, Munchen, Germany
IIF 2017 - MOTOR Insurance Conference
September 2017, Istanbul, Turkey

TRUST RE

PARTNER EVENTS
3rd Annual African Insurance Forum
9-10 March 2017, Johannesburg, South Africa
Insurance Innovations 2017
13-14 March 2017, Dubai, United Arab Emirates
Energy and Industrial Insurance in Russia and CIS
16-17 March 2017, Moscow, Russia
The Winning Digital Marketing Financial Services Conference
21 March 2017, London, United Kingdom
Frontier-2017
28 March 2017, Moscow, Russia
XXI Annual Conference on Reinsurance
5-6 April 2017, Moscow, Russia
XI International Conference "Insurance in Central Asia"
13-14 April 2017, Almaty, Kazakhstan
International Risk Management Conference
27-28 April 2017, Almaty, Kazakhstan
Global Summit for Insurance Innovation
1-2 June 2017, Madrid, Spain
XV Russian Insurance Summit
12 July 2017, Saint Petersburg, Russian Federation
IIS Global Insurance Forum
17-20 July 2017, Park Westminster Bridge Hotel, London
International Conference "RISKS & CLAIMS-2017"
Risk Assessment and Loss Adjustment

20 September 2017, Moscow, Russian Federation

EUROINS
GLOBASIG

CURRENT XPRIMM REPORTS
KAZAKHSTAN FY2015 & 1H2016
RUSSIA FY 2015 & 1H2016
TURKEY FY2015 & 1H2016
ROMANIA 1Q2016 & 1H2016
Ins. Report CEE, SEE & CIS – 1H2016
Motor Ins. Report FY2015 & 1H2016
Property Ins. Report FY2015
AZERBAIJAN FY 2015 & 1H2016

XPRIMM News