XPRIMM News
Insurance Newsletter, No. 372, 21 September, 2017

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TRENDS & MARKETS - TOP EVENT - TOP NEWS - CURRENT REPORTS

TOP EVENT
5th Insurance China International Summits starts today in Shanghai
by Alexandru CIUNCAN, 2017-09-21
The trends in the insurance industry is the main topic addressed during the two-day event taking place on 21-22 September 2017 in Shanghai.
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TOP NEWS
STATISTICS: CZECH Rep., 1H2017: Three insurers account for more than half of the market
by Vlad BOLDIJAR, 2017-09-21
The 26 Czech insurers, members of CAP - the Czech Insurance Association, reported in 1H2017 aggregate GWP of CZK 62.9 billion (~EUR 2.4 billion), up by 3.6% y-o-y.
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STATISTICS: BELARUS, 1H2017: Life and supplementary pension insurance supported the market growth
by Olesea ADONEV, 2017-09-21
In 1H2017, the Belarusian insurance market recorded a market growth by 7.10%, to BYN 524.87 million, mostly driven by the life insurance segment.
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STATISTICS: ARMENIA, 1H2017: A noticeable growth of losses recorded by local insurers
by Olesea ADONEV, 2017-09-21
In 1H2017, Armenian insurance market increased by 5.27%, mainly due to the implementation of several large economic projects which triggered the significant increase in accident insurance (54.59%) and CARGO insurance (+51.29).
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MEXICO: USD 1 billion insured losses after the first quake; much larger losses expected after the second one
by Daniela GHETU, 2017-09-21
Less than two weeks from the September 7, M8.1 earthquake, Mexico was hit Tuesday by another devastating quake which left behind a death toll of over 200 people. Unlike the first quake, the second event severely affected Mexico City.
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BI losses after Hurricanes Harvey and Irma may account for the largest share of the insured losses
by Daniela GHETU, 2017-09-21
Business Interruption (BI) losses after the Harvey and Irma hurricanes may exceed the actual property damage, experts said, rivaling in this respect the Hurricane Katrina's outcome.
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HANNOVER Re and TALANX warn on FY2017 profit after recent catastrophes
by Vlad BOLDIJAR, 2017-09-21
German reinsurer Hannover Re said that the FY 2017 targeted Group net profit of more than EUR 1 billion may not be achieved, due to claims from a series of hurricanes and an earthquake in Mexico.
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The SCOR Corporate Foundation for Science announced the winners of two risk economics awards
by Daniela GHETU, 2017-09-21
During the 44th annual seminar of the European Group of Risk and Insurance Economists (EGRIE), two awards sponsored by the SCOR Corporate Foundation for Science and the SCOR group were presented.
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More than 70% of Latvians don't buy travel insurance when travelling to neighboring countries
by Vlad BOLDIJAR, 2017-09-21
About 72% of Latvians which are travelling to neighboring countries - Estonia or Lithuania, do not buy travel insurance, according to a survey made by the Latvian non-life insurer BALTA, member of the PZU Group.
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XL Group chooses Dublin as preferred location for its EU insurance carrier
by Daniela GHETU, 2017-09-21
XL Group Ltd, plans to move its principal European Union insurance company, XL Insurance Company SE, from the UK to Ireland in 2018 in response to Brexit, subject to certain regulatory approvals.
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TRENDS & MARKETS
Bridging the protection gap in Eastern Europe

For some families living in the former industrial regions of Eastern European countries, the social welfare payments offered by the Government are the most expected moment, each and every month. They are most helpful as a survival tool but, at the same time, combined with insufficient or even sometimes inexistent state-driven programs for tackling these issues, are considered by experts as a factor against actual change in both mentalities and lives.
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ON THE MOVE
Former Polish Prime Minister joins Vienna Insurance Group as supervisory board member
by Daniela GHETU, 2017-09-21
Professor Marek BELKA, the former Prime Minister of Poland and Governor of the Polish Central Bank, was appointed to the supervisory boards of the VIG's Polish companies.
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Marcela STREDOVA is the new GENERALI CEE Holding's CRO
by Vlad BOLDIJAR, 2017-09-21
Marcela STREDOVA will be as of 1 October 2017 the new Chief Risk Officer (CRO) of GENERALI CEE Holding, as well as of its two Czech insurers - Ceska pojistovna and Generali Pojistovna.
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New CEOs appointed at the German and Italian subsidiaries of ALLIANZ
by Vlad BOLDIJAR, 2017-09-21
The Supervisory Board of Allianz Deutschland AG has appointed Klaus-Peter ROHLER as Chairman of the Management Board (CEO) and successor to Manfred KNOF, who is stepping down from the position and will take time off for health reasons.
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Curtis BLEDSOE appointed as Security and Data Protection Officer at FRISS
by Daniela GHETU, 2017-09-21
FRISS, the global fraud, risk and compliance software company, has appointed Curtis BLEDSOE as their Security and Data Protection Officer.
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IIF 2017: Cyber Risks need to be addressed proactively
by Daniela GHETU, 2017-09-21
Almost half (45%) of small businesses in the UK fell victim to a cyber-attack in the past 12 months, shows the Cyber Readiness Report released by Lloyd's of London specialist insurer Hiscox.
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VIG
JLT

STATISTIC UPDATES
Czech Rep 1H2017
Belarus 1H2017
Armenia 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
Insurance ALM and Asset Allocation under Solvency II
28-29 September 2017, London, United Kingdom
AIAG Congress 2017
1-4 October 2017, Warsaw, Poland
Chief Analytics Officer, Fall
2-5 October 2017, Boston, United States
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
HUNGARY: Insurers pay HUF 6 bln compensation for summer storm damage

MACEDONIA: Triglav unit appoints new executive director

SLOVENIA: SID Bank selling insurance arm

TURKEY: PCS estimates Turkish hail storms & floods loss at approx USD 300 m

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