XPRIMM News
Insurance Newsletter, No. 361, 22 June, 2017

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INTERVIEW - ON THE MOVE - TOP NEWS - CURRENT REPORTS

TOP NEWS
VIG launches the Genesis digitalisation project in Poland, making the Polish market its centre of innovation
by Daniela GHETU, 2017-06-22
Polish insurer COMPENSA has launched the most comprehensive digitalisation project to be implemented within the VIG Group, Genesis, with the goal of using its results also for other Group companies.
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STATISTICS: POLAND, 1Q2017: GWP up by 20.5% supported by the MTPL line
by Daniela GHETU, 2017-06-22
Polish insurers ended 1Q2017 with GWP of EUR 3.78 billion, 20.5% up y-o-y, mostly supported by the MTPL line which saw total GWP going up by almost 50%.
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STATISTICS: SERBIA's insurers posted double digit increase in Q1 GWP
by Vlad BOLDIJAR, 2017-06-22
The GWP value of Serbian insurers totaled RSD 24.1 billion (EUR 195 million) in the first quarter of 2017, a 10% increase y-o-y, according to the National Bank of Serbia's (NBS) most recent report on the sector.
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STATISTICS: AZERBAIJAN, 1Q2017: GWP down by 1%, while claims paid increased by almost 15%
by Olesea ADONEV, 2017-06-22
Gross premiums written by the local insurance companies totaled AZN 150.68 million, decreasing by 1.12% as compared with 1Q2016. Claims paid totaled AZN 60.29 million (EUR 32.76 million), up by 14.67% y-o-y.
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STATISTICS: Georgia, 1Q2017: Top 5 insurers hold about 80% of insurance business
by Olesea ADONEV, 2017-06-22
In 1Q2017, the Georgian insurance market went up by 10.05%, to GEL 143.80 million (EUR 54.75 million), according to the data published by the Insurance Supervisory Office - ISO.
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STATISTICS: MOLDOVA, 1Q2017: Local insurers' business grew by 10.22% in the beginning of 2017
by Olesea ADONEV, 2017-06-22
In 1Q2017, the total GWP collected by Moldavian insurance companies have reached to MDL 310.33 million, up by 9.12% y-o-y, according to the official data published by the market watchdog.
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STATISTICS: CYPRIOT insurers' Q1 GWP up by 6.5% y-o-y
by Vlad BOLDIJAR, 2017-06-22
Cypriot insurers reported aggregate GWP of EUR 234.4 million in the first three months of 2017, up by 6.5% y-o-y, according to the quarterly market figures published by the Insurance Association of Cyprus - IAC.
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BULGARIA: FSC appointed external administrator to insurer NADEJDA
by Vlad BOLDIJAR, 2017-06-22
Bulgaria's financial regulator (FSC - Financial Supervision Commisssion) announced it appointed external administrator to manage the assets of local specialised health insurer NADEJDA.
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Fitch Affirms Allianz Russia at 'BBB-'; Outlook Stable
Fitch Ratings has affirmed Russia-based JSC IC Allianz's (Allianz Russia) Insurer Financial Strength (IFS) Rating at 'BBB-'. The Outlook is Stable.
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Insurance NEXT'UA 2017 to force digitization in Ukrainian insurance industry
Ukrainian Federation on Insurance and the digital economy and fintech focused Future magazine with the support of the German (GDV), the Austrian Association of Insurers(VVO) and the League of Insurance Organizations of Ukraine held the first edition of the Insurance NEXT'UA 2017 in Ukraine Conference.
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TURKMENISTAN: Compulsory TPL insurance of the companies which may endager environment has came into force
by Daniela GHETU, 2017-06-22
The law on environmental safety came into force in Turkmenistan. The new legal act stipulates compulsory insurance of civil liability of enterprises and industries that are a source of increased environmental danger.
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ON THE MOVE
Former PZU CEO appointed at the Bank Pekao's top leading position
by Daniela GHETU, 2017-06-22
Michal KRUPINSKI, former CEO of the Polish largest insurance group, PZU, was appointed CEO of the second-largest lender Bank Pekao, following the bank's rakeover by the PZU and state investment vehicle PFR.
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AON appoints Andy MARCELL as President of AON BENFIELD
by Vlad BOLDIJAR, 2017-06-22
AON Benfield, the global reinsurance intermediary and capital advisor of AON, has appointed Andy MARCELL as President of AON BENFIELD.
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AVIVA appoints Maurice TULLOCH to AVIVA plc Board

by Vlad BOLDIJAR, 2017-06-22
AVIVA has appointed Maurice TULLOCH as an Executive Director of the Company with effect from 20 June 2017.
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GENERALI: Bruno SCARONI appointed as new Group Strategy & Business Accelerator director

by Vlad BOLDIJAR, 2017-06-22
GENERALI Group announced that Bruno SCARONI, current Chief Executive Officer of EUROP ASSISTANCE Italy, has been appointed as Group Strategy & Business Accelerator Director with effect from 1st July 2017.
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TRUST Re appoints Labuan Branch General Manager
by Vlad BOLDIJAR, 2017-06-22
TRUST Re has announced the appointment of Mr. Kevin QUEK as General Manager for its Labuan Licensed Branch Office.
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METLIFE announced senior leadership changes

by Vlad BOLDIJAR, 2017-06-22
METLIFE announced a series of changes to its senior leadership ranks. All of the changes are effective July 1.
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PRESS CUTTINGS
ARMENIA: Life insurance system introduction program to be introduced

AZERBAIJAN: ADIF pays over AZN 734M in compensation to eleven closed banks' customers

BULGARIA's Euroins finds Euroins Insurance Group's buyout bid fair

BULGARIA:'s Saglasie gets regulatory nod to acquire Tokuda Health Insurance

IIF 2017 Property Insurance - "The Nat Cat challenge" at the starting line
by Daniela GHETU, 2017-06-22
Hosted by NTT Data, Monday will take place in Munich, Germany, the third edition of the International Insurance Forum series dedicated to the property insurance issues: "The Nat Cat challenge". Participants from 13 countries have registered for the event produced by XPRIMM.
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INTERVIEW
Dr. Vahan AVETISYAN
Executive Director of the Armenian MIB

We applied for membership to the Green Card international insurance system in the beginning of 2016 and are currently working in this direction. We have not yet summarized the results of the analysis of Green Card contracts' tariffs, but I do not see any bases for significant change.
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VIG
JLT

STATISTIC UPDATES
Azerbaidjan 1Q2017
Georgia 1Q2017
Moldova 1Q2017
Poland 1Q2017
Cyprus 1Q2017
Serbia 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
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