XPRIMM News
Insurance Newsletter, No. 353, 20 April, 2017

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ON THE MOVE - ANALYSIS - TOP NEWS - CURRENT REPORTS

TOP NEWS
MUNICH Re: Global insurance industry set to grow more strongly by 2018
by Daniela GHETU, 2017-04-20
The global insurance industry may see slightly increased growth by 2018. Overall, the international primary insurance sector will grow by 4.5% p.a. on average (3.0% in real terms) in 2017 and 2018.
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VIG, FY2016: Profit (before taxes) of around EUR 407 million confirmed
by Daniela GHETU, 2017-04-20
VIG (Vienna Insurance Group) Annual Report for the 2016 financial, published today, confirms the most important preliminary KPIs. GWP increased to EUR 9,051 million; the profit (before taxes) reached EUR 406.7 million.
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STATISTICS: BOSNIAN insurers' GWP up by 6.4% in 2016
by Vlad BOLDIJAR, 2017-04-20
The aggregate GWP of the 27 insurers operating in Bosnia & Herzegovina increased by 6.4% y-o-y to BAM 634.1 million (EUR 324.2 million), as data from the local insurance agency - AZOBIH show.
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STATISTICS: SERBIA, FY2016: Double-digit GWP increase supported by the life insurance lines
by Vlad BOLDIJAR, 2017-04-20
The National Bank of Serbia announced that the aggregate GWP by insurers active in the market increased by 10.15% last year, reaching RSD 89.14 billion (about EUR 722 million).
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STATISTICS: SLOVENIA, FY2016: Slight increase for the insurance market in 2016
by Vlad BOLDIJAR, 2017-04-20
At the end of December 2016, the Slovenian insurers, members of the local association, reported aggregate GWP of EUR 2.03 billion, up by 1.5% y-o-y, the latest data published by SIA show.
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ROMANIA: OMNIASIG VIG - almost 11% increase in GWP in 2016
by Vlad BOLDIJAR, 2017-04-20
Romanian insurer OMNIASIG Vienna Insurance Group (VIG) recorded a positive development in 2016 on most of the activity segments, which generated a consolidated business growth of almost 11%, the company announced.
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HUNGARY: CIG Pannonia to merge MKB insurers into its units
by Vlad BOLDIJAR, 2017-04-20
Hungarian insurer CIG Pannonia announced it will merge into its units (CIG Pannonia Life Insurance and CIG Pannonia First Hungarian General Insurance) the two MKB insurers recently acquired: MKB Life Insurance and MKB General Insurance.
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STATISTICS: GEORGIA, FY2016: Market up by 9.24%, from 19% one year before
by Olesea ADONEV, 2017-04-20
The Georgian insurance market went up by only 9.24% in FY2016, while in FY2015 GWP increased by 19%.
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The Russian MTPL - a market still in distress
by Olesea ADONEV, 2017-04-20
According to the Russian Central Bank's report, in 2016 GWP in MTPL insurance increased by only 7.17%, while in 2015/2014 GWP growth was of 45%. The trend is expected to continue also in 2017.
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A.M. Best Withdraws Credit Ratings of Russian Reinsurance Company JSC
A.M. Best has affirmed the Financial Strength Rating (FSR) of B (Fair) and the Long-Term Issuer Credit Rating (Long-Term ICR) of "bb+" of Russian Reinsurance Company JSC (Russian Re) (Russia).
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Swiss Re strengthens its commitment to Asia
by Vlad BOLDIJAR, 2017-04-20
Swiss Re announced plans to further strengthen its commitment to Asia by establishing a dedicated regional legal entity in Singapore for its Reinsurance business unit, which will also be its Asian reinsurance headquarters.
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PZU insures ENEA POLANIEC Power Plant, ranked second in the energy market
by Daniela GHETU, 2017-04-20
PZU became the insurer of ENEA POLANIEC Power Plant (March 2017-mid-2018), providing the best offer for property insurance and loss of profits, civil liability and terrorist risks.
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ANALYSIS
2017 is a revolutionary year for the Russian insurance market

2017 is an anniversary year. A hundred years after a series of key events in the history of our country and in one separate segment of the Russian economy such as insurance there will be also revolutionary events, after which the insurance market, apparently, will never be the same.
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ON THE MOVE
Joanne SEGARS to leave PLSA after 12 years
by Daniela GHETU, 2017-04-20
In June, Joanne SEGARS will step down as chief executive of the British Pensions and Lifetime Savings Association (PLSA) after leading it since 2006.
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Chubb appoints Ana ROBIC as COO, North America Personal Risk Services
by Vlad BOLDIJAR, 2017-04-20
Ana ROBIC was appointed to Chief Operating Officer, for CHUBB's North America Personal Risk Services. She will be responsible for strategies and activities relating to profitable growth for CHUBB's high-net-worth personal insurance division.
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PRESS CUTTINGS
ARMENIA: Armeconombank and SIL Insurance recognized by central bank as joint financial group

AZERBAIJAN's PASHA Life reveals plans on collecting premiums

BULGARIA's Euroins Insurance Group launches buyout bid for Euroins

HUNGARY: MKB General Insurance receives HUF 3 mln fine

LATVIA: Maxima store collapse in Latvia not covered under insurance policy

RUSSIAN Russian insurance company to pay Samsung USD 11.4 million

UKRAINE: Insurers increased collection of net insurance premiums by 18.4%, and gross - 18.3%


VIG
JLT

STATISTIC UPDATES
Serbia FY2016
Bosnia FY2016
Slovenia FY2016
Georgia 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
IIF 2017 - PROPERTY Insurance Conference
26 June 2017, Munich, Germany
IIF 2017 - MOTOR Insurance Conference
September 2017 Baku, Azerbaijan
IIF 2017 - MOTOR Insurance Conference
October 2017 Istanbul, Turkey
Baden-Baden XPRIMM Reception
22 October 2017, Baden Baden, Germany
IIF 2017 - Insurance in the DIGITAL World
14 November 2017, Vienna, Austria

TRUST RE

PARTNER EVENTS
International Risk Management Conference
27-28 April 2017, Almaty, Kazakhstan
Market Developments within Direct Lending Conference
11-12 May, 2017, London, UK
Digitalisation today and tomorrow - Insurance Europe International Conference
1 June, 2017, Zurich, Switzerland
Global Summit for Insurance Innovation
1-2 June 2017, Madrid, Spain
"Insurance & Reinsurance Days" Conference
7-8 June 2017, Cracow, Poland
XV Russian Insurance Summit
12 July 2017, Saint Petersburg, Russian Federation

IIS Global Insurance Forum
17-20 July 2017, Park Westminster Bridge Hotel, London
Les Rendez-vous de Septembre 2017
September 9-14, 2017, Monte Carlo, Monaco
Baden Baden Meetings 2017
22-26 October 2017, Baden Baden, Germany

EUROINS
GLOBASIG

CURRENT XPRIMM REPORTS
RUSSIA FY 2016
KAZAKHSTAN FY2015 & 1H2016
TURKEY FY2015 & 1H2016
ROMANIA 1Q2016 & 1H2016
Ins. Report CEE, SEE & CIS – 1H2016
Motor Ins. Report FY2015 & 1H2016
Property Ins. Report FY2015

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