XPRIMM News
Insurance Newsletter, No. 371, 14 September, 2017

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INTERVIEW - TOP EVENT - TOP NEWS - CURRENT REPORTS

Swiss Re
TOP EVENT
61st "Rendez-Vous de Septembre" ends today in Monte Carlo: review
by XPRIMM Team, 2017-09-14
The 61st edition of the "Rendez-Vous de Septembre", the annual traditional meeting of reinsurers ends today in Monte Carlo. The Nat Cat insurance protection gap, as well as the global insurance market readiness to deal with the increasing complexity of the cyber risks were among the most debated topics.
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XPRIMM Motor Insurance Report launched in Monte Carlo; meet the next XPRIMM stand in Baden Baden
by XPRIMM Team, 2017-09-14
The latest edition of the XPRIMM Motor Insurance Report was launched in Monte Carlo, on the occasion of the "Rendez-Vous de Septembre", providing FY2016 statistical data and analyses for the CEE, SEE and CIS regions.
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TOP NEWS
STATISTICS: BULGARIA 1Q 2017: GWP up by 9.7%
by Vlad BOLDIJAR, 2017-09-14
The total GWP by Bulgarian insurers in 1Q 2017 was BGN 572 million (EUR 293 million), up by 9.7% y-o-y, according to the quarterly statistics published on the country's financial regulator website.
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STATISTICS: HUNGARY, 1H2017: Insurers' GWP up by 6.16% while the market technical result decreased by 13.73%
by Vlad BOLDIJAR, 2017-09-14
Hungarian insurers first half GWP was up by 6.16% y-o-y to HUF 485.81 billion (EUR 1.57 billion), according to the most recent market figures published by the National Bank of Hungary (MNB).
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STATISTICS: GREECE, 1H2017: Over 65% y-o-y growth on the life U-L line GWP
by Vlad BOLDIJAR, 2017-09-14
The Greek insurers members of HAIC - Hellenic Association of Insurance Companies, reported a GWP of EUR 1.9 billion in 1H2017, or 1.2% more y-o-y, according to the half year report published on HAIC's website.
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S&P's confirms Triglav Group's "A" rating
by Vlad BOLDIJAR, 2017-09-14
On 8 September 2017, S&P Global Ratings confirmed the "A" long-term credit rating and financial strength rating of the TRIGLAV Group. Both credit ratings have a stable medium-term outlook.
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GENERALI Group sells its Dutch operations to ASR Nederland for EUR 143 million
by Daniela GHETU, 2017-09-14
GENERALI Group has agreed to sell its Dutch operations to Netherlands-based insurer A.S.R. Nederland, for a total consideration of about EUR 143 million, both companies have announced.
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MUNICH Re expects hurricane losses to prevent the reinsurer from reaching its 2017 profit target
by Daniela GHETU, 2017-09-14
High losses produced by hurricanes Harvey and Irma may negatively impact upon MUNICH Re's profit in 2017, preventing the German reinsurer to achieve its financial objectives for the current year, a group's press release shows.
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AIR Worldwide: Irma may cost U.S. insurers up to USD 40 billion
by Daniela GHETU, 2017-09-12
AIR Worldwide estimates insured losses in the United States resulting from Hurricane Irma will range between USD 20 - 40 billion, while the exposure value in the main hit region is estimated at USD 1 trillion.
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ERGO cooperates with telecom providers to move forward into the digital era
by Daniela GHETU, 2017-09-12
ERGO takes concrete steps into the digital era by launching diversified e-insurance policies in cooperation with the local telecom providers: motor insurance in Estonia, or the announced home and cyber insurance products for Germany are the latest examples.
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CHUBB plans to establish its EU headquater in Paris after Brexit
by Daniela GHETU, 2017-09-12
U.S. insurer CHUBB plans to put its European Union headquarters in Paris if Britain leaves the EU as expected in March 2019, it said on Monday, quoted by Reuters.
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ON THE MOVE
Peter THIRRING to become new member of the Managing Board of Vienna Insurance Group
by Vlad BOLDIJAR, 2017-09-13
The Supervisory Board of Vienna Insurance Group (VIG) headed by Chairman Gunter GEYER decided at its meeting of 5 Sept. 2017 on the new composition of the Managing Board as of 1 July 2018.
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Turkey: Achmea appoints Caspar van HAAFTEN as Chief Financial Officer Eureko Sigorta
by Vlad BOLDIJAR, 2017-09-13
Achmea has appointed Caspar van HAAFTEN as Chief Financial Officer (CFO) of its Turkish insurance company Eureko Sigorta.
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AIG Names Lucy Fato as Executive Vice President and General Counsel
by Vlad BOLDIJAR, 2017-09-13
American International Group (AIG) announced that Lucy FATO will join the company as Executive Vice President and General Counsel, effective October 16.
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AXA Customer Innovation and New Business Models CEO, Joyce PHILLIPS resigns
by Vlad BOLDIJAR, 2017-09-13
The Chief Executive Officer of AXA's customer innovation and new business models unit, Joyce PHILLIPS, has resigned from the Group because she is unable to permanently relocate to France due to personal circumstances.
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ZURICH named Alison MARTIN as Group Chief Risk Officer
by Vlad BOLDIJAR, 2017-09-13
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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John NEAL, QBE's Group CEO, will retire at the end of 2017
by Daniela GHETU, 2017-09-13
QBE's Group Chief Executive Officer John NEAL will be stepping down at the end of this year after five years in the role, the Australian group said in a statement.
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VIG
JLT

STATISTIC UPDATES
Bulgaria 1Q2017
Hungary 1H2017
Greece 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

INTERVIEW
Cornel COCA CONSTANTINESCU
Vice-President
ASF - the Financial Supervisory Authority, Romania

The Romanian insurance market went through a rough period, marked by several changes in legislation, especially on the MTPL segment, a field of business which is now, for the time time, regulated by a dedicated law. Although still contested in some aspects, the new Law sets up the premises for a better predictability, fair pricing ane better consumer protection.
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TRUST RE

PARTNER EVENTS
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
Croatian Insurance Days 2017
8-10 November 2017, Opatija, Croatia

PRESS CUTTINGS
AZERBAIJAN may introduce Europrotocol

AZERBAIJAN's Bureau of Compulsory Insurance may switch to self-regulatory mechanism

BULGARIAN insurers' assets grow 10.3% y/y in H1

UKRAINE: Insurance experience will increase 10 years

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

XPRIMM News