XPRIMM News
Insurance Newsletter, No. 360, 15 June, 2017

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INTERVIEW - ON THE MOVE - TOP NEWS - CURRENT REPORTS

TOP NEWS
Swiss Re's 2017 SONAR report - top emerging risks the re/insurance industry and society are facing
by Daniela GHETU, 2017-06-15
Reduced market access, regulatory fragmentation, return of inflation, cloud risk accumulation, but also emerging liability legislation for artificial intelligence, are some of the key risks identified in this year's SONAR report published by Swiss Re.
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TRUST Re, Q1 2017: GWP up 32.6%, to USD 230.8 million
by Daniela GHETU, 2017-06-13
TRUST Re achieved Gross Written Premium of USD 230.8 million in Q1 2017, up 32.6% from USD 174.0 million one year ago. Net Profit rose by 5.9% to USD 9.0 million (Q1 2016: USD 8.5 million).
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STATISTICS: UPDATE : SLOVAK insurance market totaled EUR 1.9 billion at the end of 2016
by Vlad BOLDIJAR, 2017-06-15
The Slovak insurance market was down by 1.78% y-o-y in 2016 in terms of GWP - to EUR 1.98 billion, according to data published by the Central Bank.
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STATISTICS: UPDATE: CZECH market totaled EUR 5.5 bilion in 2016
by Vlad BOLDIJAR, 2017-06-15
According to "ARAD time series database" available on the CNB website (Czech National Bank) - the local insurance industry totaled at the end of 2016 about CZK 147.22 billion (~EUR 5.45 billion).
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STATISTICS: CROATIAN insurers' Q1 GWP up by 2.2% y-o-y
by Vlad BOLDIJAR, 2017-06-15
The aggregate GWP by the 23 Croatian insurers members of the Croatian Insurance Bureau was of HRK 2.58 billion (EUR 345 million) in 1Q, up 2.26% on the year, as CIB quarterly figures show.
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STATISTICS: ESTONIA: GWP up to EUR 100 million in Q1 2017
by Vlad BOLDIJAR, 2017-06-15
Estonian insurers reported in Q1 2017 GWP of EUR 99.7 million, up 8.6% y-o-y, according to the quarterly figures published by the Estonian National Statistics Board.
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Turkey: Drivers involved in more than 3 road accident a year at risk to lose their driving licence
by Daniela GHETU, 2017-06-15
As part of a project launched by Turkish insurers to prevent motor premiums escalation and reduce the number of road accidents, drivers involved in more than three road accident per year may lose their driving licence.
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A.M. Best has affirmed UnipolSai Assicurazioni's ratings tp A-, stable outlook
by Daniela GHETU, 2017-06-15
A.M. Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of "a-" of UnipolSai Assicurazioni S.p.A. (UnipolSai) (Italy). The outlook of these Credit Ratings (ratings) is stable.
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Mutual insurers' premium production hit record EUR 406 billion in 2015
by Daniela GHETU, 2017-06-15
EU mutual insurers wrote a record EUR 406 billion in premiums in 2015, according to the "Market InSights 2015 Europe" report published last week by AMICE in conjunction with ICMIF.
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15th Russian Insurance Summit will take place on 12 July in Saint Petersburg
by Olesea ADONEV, 2017-06-14
The 15th Russian Insurance Summit will take place on 12 July 2017, in Saint Petersburg, Russian Federation. Traditionally, XPRIMM Publications supports the event as Media Partner.
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Discover the latest trends in customer experience in financial services
by Adina TUDOR, 2017-06-15
How can finance brands deliver outstanding customer experiences, using advanced digital and multi-channel strategies, insight-led data and tech innovations? Discover at the Customer Experiences in Financial Services Conference!
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ON THE MOVE
Bruce CARNEGIE-BROWN starts as Lloyd's Chairman
by Daniela GHETU, 2017-06-15
Bruce CARNEGIE-BROWN officially started as Lloyd's new Chairman on June 14, taking up the role following the retirement of John NELSON.
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Staff changes in SBERBANK Insurance Broker
by Olesea ADONEV, 2017-06-14
By the decision of the Board of Directors, Denis KUZAVLEV has been appointed CEO, SBERBANK Insurance Broker since 13 June 2017, the company's press release reads.
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Swiss Re Names EMEA Run-Off Chief, CEO for Italy
by Daniela GHETU, 2017-06-15
Swiss Re said it appointed an executive to oversee legal finality, or run-off portfolio solutions, for the Europe, Middle East and Africa regions while naming his successor as chief executive officer for Italy, reports Best Newswire.
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WILLIS TOWERS WATSON reorganizes its Broking Unit; see the new leading team
by Daniela GHETU, 2017-06-15
Philip SMAJE will lead the WILLIS TOWERS WATSON restructured senior broking team within its Corporate Risk and Broking business, the company said in a statement. He was appointed Global Head of Broking.
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PRESS CUTTINGS
BULGARIA's Euroins Insurance Group gets regulatory nod to merge two units

BULGARIA: KBC completes acquisition of United Bulgarian Bank and Interlease

BULGARIAN insurers' assets grow 16% y/y in Q1

Compensa premiums increase 63.2% in Baltic countries in 2016

CROATIA's Adris to invest 4 bln kuna in its businesses by 2021

GREECE: Calamos-Exin to land Ethniki Insurance

KYRGYZSTAN: MP suggests introduction of vehicle liability insurance since January 2018

SERBIA's Dunav Osiguranje premium income share falls slightly in Q1

TURKEY: Insurance tariff cuts to boost motorcycle sales this year

XPRIMM Property Insurance Report - FY 2016 to be launched in Munich on 26 June
by Daniela GHETU, 2017-06-15
The 2017 edition of the XPRIMM Property insurance report will meet its first readers on the occasion of IIF 2017 - The NatCat Challenge, the event which takes place between on 26 June, in Munich.
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INTERVIEW
NATIONAL BANK OF SERBIA
Insurance Supervision Department

There is a lot of catchup potential of the Serbian insurance market, having in mind the level of its development compared the EU average. We can expect to see a continuation of positive premium developments coupled by a healthy increase of technical provisions. This should translate into sufficient capital adequacy and a continuation of positive trends in profitability, provided that cost pressures are kept in check.
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VIG
JLT

STATISTIC UPDATES
Update Slovakia FY 2016
Update Czech Rep FY 2016
Croatia 1Q2017
Estonia 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
The Customer Experience Financial Services Conference
22 June 2017, The Cavendish Conference Centre, Central London, UK
RPA&Artifical Intelligence BFSI World Summit
10-12 July, Amba Marble Arch, 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