XPRIMM News
Insurance Newsletter, No. 449, 2 May, 2019

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TOP NEWS - CURRENT REPORTS - STATISTIC UPDATES
TOP NEWS
VIG Re: 2018 annual report and solvency results
by Cosmin CONCEATU, 2019-05-01
VIG Re recently published its 2018 Annual Report and 2018 Solvency Financial Condition Report. The figures show record results compared to previous years: an increased total GWP volume, increased profit before taxes and a reduced combined ratio.
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STATISTICS: SLOVENIA, FY2018: market growth driven by UL, health and motor insurance lines
by Daniela GHETU, 2019-05-02
Slovenian insurers ended 2018 with GWP worth EUR 2.34 billion, 7.4% up y-o-y. Unlike in other CEE markets, the Unit-Linked life insurance line had a strong positive contribution to the market growth, which in absolute terms exceeded the motor insurance lines' aggregated input. Health insurance also recorded a significant increase in the GWP volume.
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SLOVENIA: ERGO and ALLIANZ sign a Distribution and Service Framework agreement for the ERGO Non-Life unit
by Andrei Victor, 2019-04-30
ERGO International AG announced that it has signed a Distribution and Service Framework Agreement with ALLIANZ for ERGO Slovenia, which belongs to ERGO Insurance Austria.
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CYPRUS: Health insurance GWP increased by 12.6% in 2018
by Cosmin CONCEATU, 2019-05-02
Insurance Association of Cyprus (IAC) figures show an increase of EUR 17.8 million (+12.6%) in the local market Health insurance business line; the segment reached EUR 159.2 million in 2018.
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TURKEY: MTPL prices determined by driver history
by Cosmin CONCEATU, 2019-05-02
The Ministry of the Treasury and Finance of Turkey added a new amendment to current MTPL Tariffs Principles Regulation, according to which insurance companies can use drivers' history to determine the final MTPL price.
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KOSOVO: CBK revokes the licence of INSIG
by Andrei Victor, 2019-05-02
Central Bank of the Republic of Kosovo revokes the licens of the local unit of the Insurance Company INSIG, as the market authority informed on its website.
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GENERALI's German life unit sale to VIRIDIUM, completed
by Daniela GHETU, 2019-05-01
GENERALI announced it completed the sale of 89.9% of the shares of GENERALI Leben to VIRIDIUM Gruppe, a leading specialist for the management of life insurance portfolios in Germany, also establishing an industrial partnership with VIRIDIUM, aimed at managing life insurance closed book portfolios.
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AZERBAIJAN: recent restrictions on Ateshgah Insurance Company removed
by Marina MAGNAVAL, 2019-05-02
The Financial Market Supervisory Authority of Azerbaijan (FIMSA) removed recent restrictions on the license of Ateshgah for compulsory civil liability insurance for vehicle owners and allowed the company to conclude such contracts, Trend News Agency reported on April 30.
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STATISTICS: GEORGIA, FY2018: GWP increased by almost 23%, while paid claims jumped by 21%
by Marina MAGNAVAL, 2019-05-02
In 2018, Georgian insurers collected GWP in the amount of GEL 542.20 million (EUR 176.61 million), 22.84% more y-o-y, as data published by the State Insurance Supervision Service of Georgia show.
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RUSSIA: first quarter net profit of ROSGOSSTRAKH exceeded RUB 1.3 billion
by Marina MAGNAVAL, 2019-05-02
Net profit of ROSGOSSTRAKH for the first quarter, based on the Russian Accounting Standards, exceeded RUB 1.3 billion (~EUR 17.9 million), ASN reports.
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UKRAINE: net profit of AXA Insurance and AXA Life for the 1st quarter reached UAH 32 million
by Marina MAGNAVAL, 2019-05-02
AXA Insurance and AXA Life, who are among the leaders of the Ukrainian market based on 2018 results, took in a net profit of UAH 32 million (~EUR 1.08 million) in the 1st quarter of 2019, based on IFRS, Forinsurer reports.
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UKRAINE: InsuranceNEXT Conference - future insurance visualization to be held on June 13 in Kiev
by Marina MAGNAVAL, 2019-05-02
The 3rd international conference InsuranceNEXT?will be held on June 13, 2019 in Kiev and will be dedicated to the state of the country's insurance market -which is now at the formative stage for transformation into a new digital reality-, the impact of economic development and GDP on insurance penetration in risk management structure, the future of the insurance market and availability of insurance services for citizens and enterprises.
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UZBEKISTAN: ASIA INSURANCE signing insurance contracts against cotton crop failure
by Marina MAGNAVAL, 2019-05-02
ASIA INSURANCE began concluding insurance contracts against crop failure in the cotton-textile clusters of UZTEX group, the insurer announced.
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ZURICH: 2018 Financial Condition Report
by Cosmin CONCEATU, 2019-04-30
Zurich Insurance Group (Zurich) has published its Financial Condition Report 2018, highlighting a good financial condition and exceeding solvency requirements.
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SCOR's Q1 net profit decreased to EUR 131 million
by Andrei Victor, 2019-04-30
French reinsurer SCOR annunced its Q1 Group net income amounted to EUR 131 million vs. EUR 166 million in Q1 2018.
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AON Q1 revenue increased to USD 3.14 billion
by Andrei Victor, 2019-04-30
Global re/insurance broker and retirement solutions company AON announced its Q1 2019 total revenue increased in absolute value by USD 53 million (or 2% y-o-y) to USD 3.14 billion.
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MMC reported increasing revenues and operating incomes in Q1
by Andrei Victor, 2019-04-30
MMC - Marsh & McLennan Companies - announced consolidated Q1 2019 revenues of USD 4.1 billion, up by 2% y-o-y. At the same time, operating income was USD 938 million compared with USD 908million in the prior year.
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QIC Group Q1 net profit increased by 15%
by Cosmin CONCEATU, 2019-04-30
Qatar Insurance Company (QIC), a leading insurer in Qatar and the Middle East North African (MENA) region reported a net profit of USD 75 million for the first quarter of 2019.
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MARKETS & TRENDS
SWISS Re: Earthquakes in Italy are insurable
by Daniela GHETU, 2019-04-30
10 years after the earthquake that has destroyed the medieval heart of the Italian city of L'Aquila, Swiss Re promotes, together with the Italian Association of Insurers - ANIA, the idea of increasing the Italian cities' resilience by adopting country wide insurance solutions to mitigate earthquake risk and protect communities, by providing the financial means to recovery.
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Aon 2019 Global Risk Management Survey: risk readiness drops to lowest level in 12 years
by Daniela GHETU, 2019-04-30
Rapid changes in the global economy as well as emerging risks are forcing risk managers to become more innovative, as relying on "tried-and-true strategy for risk mitigation" is no longer possible, Aon's 2019 Global Risk Management Survey shows.
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VIG

On the move
Nick MOSS, ex Global and UK FD at JLT Re, appointed as BMS's CFO
by Daniela GHETU, 2019-05-01
BMS Group, the independent specialist (re)insurance broker, announced the appointment of Nick MOSS as CFO of the Group, reporting to CEO Nick COOK. MOSS will formally join the BMS Board following regulatory approval.
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AXA XL announced the promotion of Charlotte WILSON to global head of portfolio solutions
by Andrei Victor, 2019-04-30
AXA XL - the property & casualty and specialty risk division of French re/insurance group AXA - announced the promotion of Charlotte WILSON to global head of portfolio solutions, with responsibility for developing and executing the global strategy for portfolio solutions.
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AVIVA announced changes to its senior management
by Andrei Victor, 2019-04-30
AVIVA announced that following the recent appointment of Maurice TULLOCH as Group's CEO, the Board of AVIVA and Andy BRIGGS have decided that Andy BRIGGS will step down as CEO UK Insurance and as a Director of AVIVA. "Andy will remain with the Group until 23 October 2019 to support an orderly transition".
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VIG


VIG


TRUST RE

STATISTIC UPDATES
  STATISTICS: SLOVENIA, FY2018
  STATISTICS: GEORGIA, FY2018

ERGO
EUROINS

VIG

EVENTS
European Consumer Protection Conference
17 May 2019
Bucharest, Romania

FIAR 2019 - International Insurance Reinsurance Forum
19 - 22 May 2019
Sinaia, Romania

11th International Insurance Conference - Fast Forward - the future of insurance
23 May 2019
Bucharest, Romania

Global Insurance Forum
18 - 21 June 2019
Singapore


DIA AMSTERDAM 2019
25-27 June, 2019
Amsterdam, The Netherlands

Conference "Insurance in Azerbaijan: New perspectives"
27 - 28 June
Baku, Azerbaijan

OMNIASIG
MARSH

CURRENT XPRIMM REPORTS
Ins. Report CEE, SEE & CIS – 1H2018
KAZAKHSTAN FY2017 & 1H2018
TURKEY FY2017 & 1H2018
RUSSIA 1H2018
ROMANIA 1H2018
Motor Ins. Report FY2017
Property Ins. Report FY2017

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