 TOP
NEWS |
EIOPA: second edition of the Annual European Insurance Overview released
by Daniela GHETU, 2019-12-12
EIOPA has recently launched the 2019 edition of its Annual European Insurance Overview. Based on annually reported Solvency II information for 2018, the report covers all countries in the EEA.
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Insurance Europe: the four essentials to allow insurers fulfilling their social role
by Daniela GHETU, 2019-12-12
European insurers pay out almost EUR 3 billion a day in claims to help businesses and individuals through difficult events and in benefits to long-term savers, states the most recent publication by Insurance Europe.
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CROATIA: MTPL and Green Card policies to go digital
by Cosmin CONCEATU, 2019-12-10
At the beginning of December 2019, Croatian Insurance Bureau (HUO) and Croatian Vehicle Center (CVH) announced the launch of a digitalization project regarding motor third party liability (MTPL) insurance policies.
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STATISTICS: CZECH REPUBLIC, 3Q2019: GWP of EUR 4 billion, of which EUR 2.2 billion generated by TOP-3 insurers
by Andrei Victor, 2019-12-12
The Czech Republic insurance maket reported a nine months growth rate in premiums of 5.64% y-o-y to CZK 102.86 billion (or EUR 3.98 billion), according to the end-September 2019 market statistics published on the local professional association website.
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STATISTICS: HUNGARY, 3Q2019: Insurers' 9 months GWP climbed 11% y-o-y
by Andrei Victor, 2019-12-12
Hungarian insurance market totaled HUF 862.20 billion (EUR 2.66 billion) at the end of Q3 2019, 10.97% more y-o-y, official statistics showed. In terms of damages, the value of incurred claims (paid claims and reserves, summed-up) amounted to HUF 312.95 billion for life insurance contracts (+10.72% y-o-y) and HUF 198.45 billion for non-life policies, +13.96 more y-o-y.
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AM Best affirms Credit Ratings of Colonnade Insurance SA
by press.release, 2019-12-11
AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of "a-" of Colonnade Insurance S.A. (Luxembourg), a member of Fairfax Financial Holdings Limited (Fairfax). The outlook of these Credit Ratings (ratings) is stable.
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Romanian ASF fines non-life insurer CertAsig with RON 65,000
by Andrei Victor, 2019-12-11
The Board of the Financial Supervisory Authority (ASF) announced the results of the unannounced control carried out at the non-life insuer CertAsig Asigurare Reasigurare, sanctioning the company with a fine in the amount of RON 65,000 (about EUR 13,500) on the grounds the company have not corectly calculated the solvency indicators requested by the market regulator, informed 1asig.ro.
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Slovenian ISA approved the merger between GENERALI and ADRIATIC SLOVENICA
by Andrei Victor, 2019-12-11
The Insurance Supervesion Agency of Slovenia authorised the merger of local players Zavarovalnica GENERALI and ADRIATIC SLOVENICA, with the procedure to be finalised with the entry into the court register, expectedly at the beginning of 2020, local media wrote.
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Swiss Re sells ReAssure to Phoenix Group
by press.release, 2019-12-06
Swiss Re announced today an agreement to sell its subsidiary ReAssure Group plc to Phoenix Group Holdings plc.
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Reinsurer HANNOVER Re and Global Parametrics launch natural disaster fund
by Andrei Victor, 2019-12-10
Global Parametrics (GP), the provider of parametric protection against climate risks in developing markets and the German Federal Ministry for Economic Cooperation and Development (BMZ), in partnership with the German Development Bank (KfW) and reinsurer HANNOVER Re jointly announce the formation of the Natural Disaster Fund (NDF) Deutschland. NDF will invest in risk transfer instruments relating to natural catastrophes and climate risks in developing markets.
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CCN broadens scope of activities with Advisory Service
by press.release, 2019-12-12
The boards of Claim Corporation Network and Numa Digital consulting B.V. have successfully finalized their meetings in relation to the intended cooperation on CCN's consultancy and advisory activities.
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GENERALI expands its distribution agreement in Argentina with the biggest e-commerce operator in South America
by Andrei Victor, 2019-12-10
GENERALI, through the Argentinian subsidiary La Caja, stipulated a distribution agreement in Argentina with Mercado Libre, the biggest e-commerce operator in South America in order to distribute non-life insurance.
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STATISTICS: CYPRUS, 3Q2019: Non-life insurers supported the market GWP positive rate
by Andrei Victor, 2019-12-12
The Cypriote insurance market increased by 4.66% y-o-y at the end of 3Q2019 according to the data published by The Insurance Association of Cyprus - IAC, amounting to a figure over EUR 678.55 million in GWP.
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Ethniki Asfalisitiki: a new chapter in the Greek's insurance market flagship sale
by Daniela GHETU, 2019-12-11
Latest news available show the group of bidders interested by the sale of the leading Greek insurance company Ethniki to five: the Chinese group Fosun, the investment funds CVC Capital Partners, Centerbridge and Lone Star, and a special purpose vehicle called I3CP, which is associated with Leadenhall Capital Partners.
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Turkish financial sector acquires majority stake in JCR Eurasia to create national rating firm
by Andrei Victor, 2019-12-10
Turkey's banks and financial institutions bought 85.05% of JCR Eurasia, the local unit of Japan Credit Rating Agency, Turkey's banking association announced last Friday, sealing the Turkey's longtime goal to create a national firm that will appraise the creditworthiness of businesses seeking to borrow, informed REUTERS.
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AZERBAIJAN: for 10 months life insurance dropped by almost 40%
by Marina MAGNAVAL, 2019-12-12
From January to October 2019, GWP of the voluntary Health insurance increased by almost AZN 10 million (~EUR 5.27 million), Motor Hull increased by about 20%, while Life insurance, on the contrary, decreased by almost 40% y-o-y, and these trends will continue, said Azer ALIYEV.
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BELARUS: paid claims for insurance against accidents and illnesses during trips abroad increased by 23% y-o-y
by Marina MAGNAVAL, 2019-12-11
According to the Belarusian Association of Insurers, from January to September 2019, local insurers paid almost BYN 9 million (~USD 4.5 million) for insurance against accidents and illnesses during travelling abroad, which is 23% more y-o-y, said the association in its press release.
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RUSSIA: MTPL GWP dropped 6.7% while the number of contracts decreased 2%
by Marina MAGNAVAL, 2019-12-11
As the data of the Bank of Russia show, from January to September 2019, MTPL GWP amounted to RUB 154 billion (~EUR 2.18 billion), which is 6.7% less y-o-y. Paid claims exceeded RUB 103.1 billion (~EUR 1.46 billion), ASN reports.
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RUSSIA: ROSGOSSTRAKH moved back to the first place in terms of total number of agents in the third quarter
by Marina MAGNAVAL, 2019-12-11
According to the market results for 9 months of 2019, the total number of agents of ROSGOSSTRAKH company grew by almost 41% y-o-y, which allowed the company to regain its first place on the market in terms of total number of individual agents, ASN reports.
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UKRAINE: for 9 months total number of Green Card policies grew more than 43%
by Marina MAGNAVAL, 2019-12-12
According to the Motor Transport Bureau of Ukraine (MTIBU), for the first 9 months of this year, the total number of Green Card policies increased by 43.2% y-o-y and reached almost 842 thousand units, Forinsurer reports.
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| MARKETS & TRENDS |
WTW: 2 out of 3 big companies faced political risk losses in 2019
by Cosmin CONCEATU, 2019-12-10
In a recent political risk report for the year 2019, Willis Towers Watson (WTW) and Oxford Analytica found that 61% of 41 global corporations believe political risk levels increased in 2019. Disruption of international trade was considered the most significant risk in the majority of regions.
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| On the move |
 Klime POPOSKI's mandate at the Macedonian Insurance Supervision Agency ended
by Daniela GHETU, 2019-12-09
Klime POPOSKI has left his position as President of the Council of Experts at the Insurance Supervision Agency of Macedonia, at the expiry of his second mandate. The Parliament of the North Macedonia should soon announce a new appointment.
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Dan GUMPRIGHT appointed as FRISS Global VP of Products
by press.release, 2019-12-06
At the beginning of December 2019, FRISS appointed Dan GUMPRIGHT as the Global VP of Products.
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Sebastien JALLET joins CCR as Chief Investment Officer
by press.release, 2019-12-06
On November 5, 2019, CCR announced the appointment of Sebastien JALLET as Chief Investment Officer.
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John DRZIK steps back from Marsh GR&D leader position
by press.release, 2019-12-06
At the end of November 2019, Marsh announced that John DRZIK, President, Global Risk and Digital (GR&D), will step back from full-time responsibilities as leader of GR&D effective January 1, 2020, but will remain involved with the business as a senior advisor.
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LITHUANIA: Jekaterina GOVINA appointed as Director of the Supervision Service of the Bank of Lithuania
by Cosmin CONCEATU, 2019-12-12
At the beginning of December 2019, the Bank of Lithuania appointed Jekaterina GOVINA as Director of the Supervision Service.
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The Executive Committee of GENERALI CEE Holding has two new members
by Andrei Victor, 2019-12-11
GENERALI announced as of 10 December 2019 Antonella MAIER and Andrej BUKOVCAN are becoming new members of the Executive Committee of Prague-based GENERALI CEE Holding B.V. Antonella MAIER will become Chief Insurance Officer for Life and Health Business in Austria, CEE & Russia Region, while Andrej BUKOVCAN will take the position of ExCo Member, remaining responsible for HR & Organization for the whole Region.
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| STATISTIC
UPDATES |
| EVENTS |
Bancassurance Sales Training Masterclass 2020
15 - 17 January 2020
Bangkok, Thailand
Organizer:?EQUIP Global
Media Partner:?XPRIMM Publications
For details:?equip-global.com?
2nd Edition INSURETEK 2020 - Insurance Conference & Golden Shield Excellence Awards
29 January 2020
Dubai, United Arab Emirates
Organizer:?Aries Group Global
Media Partner:?XPRIMM Publications
For details:?insuretek.org
Bancassurance Masterclass Africa 2020
11 - 13 February 2020
Johannesburg, South Africa
Organizer:?EQUIP Global
Media Partner:?XPRIMM Publications
For details:?equip-global.com
3rd Annual Managing Insurance Contracts under IFRS 17
11-13 March 2020
London, United Kingdom
Organizer:?marcus evans
Media Partner:?XPRIMM Publications
For details:?marcusevans-conferences-paneuropean.com
IIF2020 - Motor Insurance Conference
6 April 2020
Bristol Hotel, Vienna, Austria
IIF2020 - Property Insurance Conference
7 April 2020
Bristol Hotel, Vienna, Austria
Georgian International Insurance Conference
30 April 2020
Radison Blu Iveria Hotel, Tbilisi, Georgia
Organizer: XPRIMM
Official Publication: XPRIMM Publications
FIAR 2020 - International Insurance Reinsurance Forum
24-26 May 2020
Sinaia, Romania
Organizer: FIAR Consult & XPRIMM Publications
Conference "Insurance in Azerbaijan: Trends & Opportunities"
June 2020
Baku, Azerbaijan
Organizer: XPRIMM Publications
9th AIDA Europe Conference
Zurich, Switzerland
17-18 September 2020
Organizer:?AIDA
Media Partner:?XPRIMM Publications
For details:?aidainsurance.org
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XPRIMM REPORTS |
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