XPRIMM News
Insurance Newsletter, No. 370, 7 September, 2017

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TOP EVENT - TOP NEWS - CURRENT REPORTS

TOP EVENT
"Consumer Protection in New Era - Innovation vs. Regulation" gathered insurance professionals in Slovenia
by Adina TUDOR, 2017-09-04
Regulatory changes brought by the IDD Directive, as well as digitalisation and innovation in the insurance sector are just a few of the topics discussed at the "Consumer Protection in New Era - Innovation vs. Regulation", that took place on 4 September, in Ljubljana, Slovenia.
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TOP NEWS
TARSIM launches the District Based Drought Yield Insurance
by Daniela GHETU, 2017-09-07
TARSIM, the Turkish Agricultural Insurance pool, has added this year a new item to the coverage offered to the local farmers: the District Based Drought Yield Insurance.
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RNRC has signed the BRICSs countries' Memorandum of cooperation in insurance and reinsurance
by Oleg DORONCEANU, 2017-09-05
The Russian National Reinsurance Company (RNRC) and SOGAZ Group have signed on behalf of the Russian Federation the BRICSs countries' Memorandum of development and cooperation in insurance and reinsurance.
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STATISTICS: Moldova, 1H2017: GWP up by 5.62%; changes in the market hierarchy
by Olesea ADONEV, 2017-09-07
Total GWP collected by Moldavian insurance companies in 1H2017 have reached to MDL 663.35 million, up by 5.62%, according to data published by the National Commission of the Financial Market in Moldova (NCFM).
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STATISTICS: Russia, 1H2017: Life insurance supports growth of the local market
by Olesea ADONEV, 2017-09-07
The Russian insurance market grew, in GWP terms, by 9.5% compared to the similar period of 2016 and totaled RUB 645.97 billion in 1H2017, according to the data published by the Central Bank of Russia.
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GERMANY: New regional classes for more than nine million drivers
by Daniela GHETU, 2017-09-07
German Insurance Association (GDV) calculates each year the claims of the approximately 400 admission districts in Germany and divides the districts into regional classes, to help insurers better assess risks in motor insurance underwriting.
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ITALY: Special MTPL premium discounts for motorists with a clean accident history
by Daniela GHETU, 2017-09-07
Cheaper MTPL policies will be available for Italian drivers who agree to subject the vehicle to a prior inspection by the insurance company, or to install a black box, or to mount on the car electronic mechanisms which prevents the engine from starting in the event of a driver's alchemical rate above the limits set by law (the so-called "alcolocks").
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A.M. Best Assigns Credit Ratings to Oman Reinsurance Company SAOC
by Vlad BOLDIJAR, 2017-09-07
A.M. Best has assigned a Financial Strength Rating of B+ (Good) and a Long-Term Issuer Credit Rating of "bbb-" to Oman Reinsurance Company SAOC (Oman Re) (Oman). The outlook assigned to these Credit Ratings (ratings) is stable.
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Sompo to sell its UK unit Canopius for USD 952 million
by Vlad BOLDIJAR, 2017-09-07
Japanese insurer Sompo Holdings said it has agreed to sell British unit Sompo Canopius to private equity consortium led by Centerbridge Partners for USD 952 million.
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JLT announced acquisition of Belgian specialty broker Belgibo
by Vlad BOLDIJAR, 2017-09-07
Jardine Lloyd Thompson Group plc (JLT) has acquired Belgium specialty broker Belgibo NV (Belgibo) from EXMAR Group.
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SCOR's "Vision in Action" strategic plan: first year's results
by Daniela GHETU, 2017-09-07
One year after the launch of its new three-year strategic plan, SCOR has successfully executed the first phase of "Vision in Action" strategic plan, the Group's representatives have said at its annual Investor Day.
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GROUPAMA posted 1H significant increase in net income, at EUR 286 million
by Vlad BOLDIJAR, 2017-09-07
French insurer GROUPAMA posted H1 Group premium income of EUR 9.2 billion, 1.6% more y-o-y, while the net profit increased to EUR 286 million, as compared with EUR 69 million at the end of June 2016.
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Tokio Marine Group to set up a subsidiary in Luxembourg for writing European business
by Vlad BOLDIJAR, 2017-09-07
Tokio Marine Group announced that it has started the process with the Commissariat aux Assurances to apply for the regulatory approval to establish an insurance company in Luxembourg.
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Register now at the "Managing Insurance Contracts under IFRS 17" conference! Special discounts for XPRIMM readers!
by Adina TUDOR, 2017-09-01
The "Managing Insurance Contracts under IFRS 17" meeting will bring together industry leaders working the IFRS 17 to discuss the first steps firms are taking to prepare for the new accounting rules.
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ON THE MOVE
Paul Esterbrook to join JLT Re
by Vlad BOLDIJAR, 2017-09-07
JLT Re said that Paul Esterbrook will be joining JLT Re's expanding London & International Markets (LIM) Division "once he has completed his contractual obligations with his current employer".
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Guy Carpenter promoted James BOYCE to Deputy CEO, Global Specialties
by Vlad BOLDIJAR, 2017-09-07
Guy Carpenter & Company announced that James BOYCE has been promoted to Deputy CEO, Global Specialties, effective immediately. Based in London, he will report to Kevin FISHER, CEO, Global Specialties.
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Alison Martin will join Zurich from Swiss Re as Group Chief Risk Officer
by Vlad BOLDIJAR, 2017-09-07
Zurich Insurance Group announced that Alison Martin will join the Group on October 1, 2017 and assume the role of Group Chief Risk Officer in January 2018.
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PRESS CUTTINGS
A.M. Best Revises Outlooks to Stable for INSURANCE COMPANY OF GAZ INDUSTRY SOGAZ

BOSNIA's Bosna Sunce Osiguranje H1 net profit more than double

Clal Insurance Enterprises Holdings Ltd Has $70.86 Million Stake in Market Vector Russia ETF Trust

TURKEY: Average MTPL premium falls by 24% in wake of price cap
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STATISTIC UPDATES
Moldova 1H2017
Russia 1H2017

OMNIASIG
MARSH

XPRIMM EVENTS
Insurance Conference - Republic of Moldova
10 October 2017, Chisinau, Republic of Moldova
ICAR 2017 - The International CAtastrophic Risks Forum
18 October 2017, Bucharest, Romania
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
#InsuretechSofia
13 September, 2017, Sofia, Bulgaria
Les Rendez-vous de Septembre 2017
9-14 September, 2017, Monte Carlo, Monaco
XVII International Finance Forum
13-16 September, 2017, Odessa, Ukraine
Life Insurance Conference 2017
17-18 September, 2017, Vienna, Austria
7th Annual Risk Management Forum
14-15 September, 2017, Vienna, Austria
International Conference "RISKS & CLAIMS-2017"
20 September, 2017, Moscow, Russian Federation
Pricing in Personal Lines Insurance
21-22 September, 2017, London, United Kingdom
IFRS 9 Implementation and Stress Testing MasterClass
21-22 September 2017, Vienna, Austria
The 9th International Istanbul Insurance Conference
5 October 2017, Istanbul, Turkey
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 FY2016
Ins. Report CEE, SEE & CIS – 1H2016
Motor Ins. Report FY2016
Property Ins. Report FY2016

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