XPRIMM News
Insurance Newsletter, No. 358, 1 June, 2017

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INTERVIEW - ON THE MOVE - TRENDS & MARKETS - TOP NEWS - CURRENT REPORTS

TOP NEWS
Digitalization - the main topic on the 9th Insurance Europe conference's agenda
by Alexandru CIUNCAN, 2017-05-31
The 9th Annual International Insurance Conference organized by Insurance Europe takes place today, June 1st, in Zurich, Switzerland. The theme of the event is "Digitalization today and tomorrow", and it gathers almost 600 delegates from around 50 countries with the chance to debate.
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IIF 2017 - will explore the latest trends in Nat Cat insurance
by Daniela GHETU, 2017-05-31
Peter HOEPPE, Head of Geo Risks Research/Corporate Climate Centre GEO/CCC1, MUNICH Re, Germany and Mark HOBAN, President, Flood Re, UK will speak in Munich about latest trends of natural disasters and solutions to increase Nat Cat insurance affordability and availability.
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CROATIA: CO to acquire 100% shares in the local subsidiary of BNP PARIBAS
by Vlad BOLDIJAR, 2017-05-31
The largest Croatian insurer - CROATIA Osiguranje (CO), member of ADRIS Group, announced it has concluded a purchase agreement for the acquisition of CARDIF Osiguranje insurance company from BNP PARIBAS.
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PZU's shareholders may receive dividents of PLN 1.4/share for 2016
by Daniela GHETU, 2017-05-31
The PZU's Management Board has proposed to the Ordinary Shareholder Meeting ("OSM") the distribution of PZU SA's net profit for the year 2016, in the amount of PLN 1,20 billion i.e. PLN 1.40 per share.
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STATISTICS: KOSOVO insurers reported 1.5% y-o-y growth rate in Q1 GWP
by Vlad BOLDIJAR, 2017-05-31
By the end of March 2017, the Kosovo insurance market totaled EUR 18.8 million - 1.5% more y-o-y, as the market figures published by the Central Bank of Kosovo - CBK indicate.
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STATISTICS: MONTENEGRIN insurers' GWP rose 3.8% y-o-y in Q1
by Vlad BOLDIJAR, 2017-05-31
The aggregate GWP of the 11 insurance companies operating in Montenegro has increased by 3.8% y-o-y to EUR 17.4 million in Q1 2017, data from the Insurance Supervisions Agency shows.
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"11th MILLI Re Reinsurance Seminar" successfully concluded
by Vlad BOLDIJAR, 2017-05-31
The "11th MILLI Re Reinsurance Seminar", organized by MILLI Re under its strategy of expanding to foreign markets, has been successfully realized between the dates 15-17 May 2017, in Istanbul.
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TRIGLAV 1Q2017: all markets and business lines recording a positive dynamic resulting in a consolidated 8% GWP growth
by Daniela GHETU, 2017-05-31
Net profit of the Slovene TRIGLAV Group reached EUR 22.3 million in 1Q. Consolidated gross insurance and co-insurance premiums totalled EUR 281 million, 8% up y-o-y, all markets and business lines recording a positive dynamic.
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UNIQA Q1 consolidated net profit down 12.2% at EUR 29.1 million
by Vlad BOLDIJAR, 2017-05-31
The Austrian insurer UNIQA reported stable Q1 2017 EBT (earnings before taxes) of EUR 33.1 million, while the value of premiums written was up by 5.1% y-o-y, to EUR 1.51 billion.
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Great private pensions initiatives, honoured at the 2017 Innovation Awards. Send your nomination!
by Adina TUDOR, 2017-05-31
Pensions & Investments' WorldPensionSummit is honouring innovative solutions in pensions with the 2017 Innovation Awards.
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TRENDS & MARKETS
RNRC: The entire Russian market of inward reinsurance can grow to RUB 41-43 billion in 2017; RUB 7.5 billion in premiums expected in 2017 for the national reinsurer

The Russian National Reinsurance Company (RNRC) recently issued a comprehemsive report on the Russian reinsurance market's evolution in 2016. Please find below a summary of the main report's findings, together with the 2017 forecast, courtesy to RNRC.
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ON THE MOVE
Changes in the VIG top management, preparing for the digital future
by Daniela GHETU, 2017-05-31
Roland GROELL and Gerhard LAHNER will change, starting 1 July 2017, their position within the Vienna Insurance Group, to better contribute to the further digitalization of the VIG subsidiaries, implementing the "Fit for future" project.
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Anna GRZELONSKA is the new CEO of NN Life Insurance Romania
by Daniela GHETU, 2017-05-31
Anna GRZELONSKA, currently COO of Nationale-Nederlanden in Poland, has been appointed as CEO of NN Life Insurance Romania. She succeeds Marius POPESCU, who was appointed as CEO of NN Hayat ve Emeklilik.
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CHUBB appoints Olivia DALE as Head of Corporate, A&H
by Vlad BOLDIJAR, 2017-05-31
CHUBB announced that Olivia DALE has been appointed Head of Corporate for its Accident & Health (A&H) business in Singapore, reporting to Koh Wei LEE, Division Head of A&H and Personal Business Insurance (PBI).
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PRESS CUTTINGS
ARMENIAN insurance companies' net profit in quarter one slashes by 60 percent

BULGARIA-based insurance company DZI opens its biggest claims centre

GREECE: All insurance companies pass their solvency test

NN Group reports 1Q17 results

POLAND: AXA targets growth in employee benefits market

The POLISH regulator's position on insurance companies publishing their standard contracts on their websites

TURKEY to launch interest-free, participation insurance system

TURKISH automotive sector's share in tax revenues recorded at 12.8 pct


INTERVIEW
Nathalie BERGER
Head of Unit Insurance and Pensions Directorate General for Financial Stability
Financial Services and Capital Markets Union (FISMA)
European Commission

Deeper financial integration will need to be accompanied by increased convergence of supervisory outcomes across the EU and necessary adjustments to strengthen the supervisory framework in order to ensure that the capacity to supervise and manage risks keeps pace, in particular in cross-border and critical areas.
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VIG
JLT

STATISTIC UPDATES
Kosovo 1Q2017
Montenegro 1Q2017

OMNIASIG
MARSH

XPRIMM EVENTS
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
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
The Customer Experience Financial Services Conference
22 June 2017, The Cavendish Conference Centre, Central London, UK
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
9-14 September, 2017, Monte Carlo, Monaco
7th Annual Risk Management Forum
14-15 September, 2017, Vienna, Austria
International Conference "RISKS & CLAIMS-2017"
20 September, 2017, Moscow, Russian Federation
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

XPRIMM News