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NEWS |
STATISTICS: CZECH REPUBLIC, FY2019: storms and hails almost doubled the number of property claims settled by local insurers
by Andrei Victor, 2020-02-27
According to FY2019 preliminary data reported by Czech Insurance Association - CAP, the local insurance market increased by 5.68% y-o-y to CZK 136.72 billion (~EUR 5.38 billion). The 27 insurers members of CAP represent roughly 98% of total GWP generated by local market. More
HUNGARY: NN enters the non-life insurance market
by Cosmin CONCEATU, 2020-02-24
NN officially announced its entrance in the Hungarian non-life insurance market. The company plans to offer three non-life types of products which will widen its product portfolio. More
ROMANIA: ASF has withdraw the operating authorisation of CERTASIG
by Andrei Victor, 2020-02-24
The Board of the Financial Supervisory Authority (ASF) has decided, during the meeting on 19.02.2020, to withdraw the operating authorisation of the company CERTASIG Societate de Asigurare si Reasigurare S.A (CERTASIG), due to the fact that the company did not restored the level of eligible own funds covering the minimum capital requirement (MCR) within the term provided by law, wrote Romanian insurance portal 1asig.ro. More
SCOR, FY2019: group's net income increased by 31.1%
by press.release, 2020-02-27
For year 2019, SCOR Group reported a net income of EUR 422 million, up by 31.1% compared to the same period of prior year. More
Allianz, FY2019: group's operating profit increased 3% to almost EUR 11.9 billion
by press.release, 2020-02-25
For the year 2019, Allianz Group reported a net income (attributable to shareholders) of EUR 7.9 billion, 6.1% more year-on-year, mostly due to the increased operating profit and improved non-operating result, as well as a lower tax rate, as the company mentions. More
WTW, FY2019: net income reached USD 1.0 billion, 50% more year-on-year
by press.release, 2020-02-25
For year 2019, Willis Towers Watson (WTW) reported a net income (attributable to the company) of USD 1,044 million, up 50% year-on-year (FY2018: USD 695 million). More
S&P revised UNIQA Insurance Group's CreditWatch to negative from developing
by press.release, 2020-02-24
On February 20, 2020, S&P Global Ratings revised UNIQA Insurance Group CreditWatch as a result of the planned internal restructuring and the potential shift in UNIQA's financial risk profile, as a result of the purchase over AXA CEE's subsidiaries. More
STATISTICS: GREECE, FY2019: insurance market passed the EUR 4 billion threshold
by Andrei Victor, 2020-02-27
According to the year-end market figures published by HAIC - the Hellenic Association of Insurance Companies, the Greek insurance market totalled EUR 4.07 billion at the end of 2019, up by 8.7% y-o-y. More
ARMENIA: in 2019 the number of vehicles with valid MTPL policies increased by 18.5%
by Marina MAGNAVAL, 2020-02-27
As the data of the Bureau of motor insurers of Armenia show, the number of e-MTPL contracts in 2019 increased 3.6 times and reached 5% of the total MTPL contracts, ArmInfo reports. More
AZERBAIJAN: the country ranks 3rd among CIS safest travel destinations
by Marina MAGNAVAL, 2020-02-27
Azerbaijan ranked third among the safest travel destinations in CIS region, according to the ranking of the famous Insurly website, while its worldwide ranking took 52nd place among 180 countries safest for tourists. More
KAZAKHSTAN: market share of life insurance in January grew by 4% y-o-y
by Marina MAGNAVAL, 2020-02-27
As the data of the regulator show, in January 2020, total Kazakh market increased by 17% y-o-y, up to KZT 75.4 billion (EUR 0.18 billion). More
KAZAKHSTAN: non-life insurers' administrative expenses exceeded 28% of their net premiums in 2019
by Marina MAGNAVAL, 2020-02-26
According to the National Bank of Kazakhstan figures, in 2019 non-life companies' profit decreased by 25.5% to KZT 52.2 billion (~EUR 122.29 million). More
KAZAKHSTAN: AM Best revised Halyk-Life outlooks to positive from stable
by press.release, 2020-02-25
AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of "bbb-" of Halyk-Life, Life Insurance Subsidiary Company of the Halyk Bank of Kazakhstan, JSC (Halyk-Life) (Kazakhstan). More
STATISTICS: KYRGYZSTAN, FY2019: property insurance occupies over 63% of the market portfolio
by Marina MAGNAVAL, 2020-02-27
In 2019, Kyrgyz market grew to KGS 1.33 billion (EUR 17.09 million), which is 21.29% more y-o-y in local currency, as the data, published by the State Service of regulation and supervision of the financial market at the government of the Kyrgyz Republic, show. More
RUSSIA: market share of TOP-5 life insurers in 2019 exceeded 70% in the life portfolio
by Marina MAGNAVAL, 2020-02-27
In 2019, life insurance decreased by 9% y-o-y and amounted to RUB 433.2 billion (~EUR 6.24 billion), as the preliminary market data show. At the same time, life paid claims increased by 87%, to RUB 140.7 billion, according to Igor YURGENS, President of the All-Russian Insurance Association (ARIA). More
RUSSIA: MTPL complaints in 2019 amounted to almost 80% of all insurance complaints
by Marina MAGNAVAL, 2020-02-27
Total number of complaints about insurers decreased by 34% in 2019, according to the Bank of Russia. This indicator was the best performing among non-credit financial institutions, the regulator noted. More
UKRAINE: 57 insurance companies and 7 insurance brokers left the market in 2019
by Marina MAGNAVAL, 2020-02-26
In 2019, the National Commission for State Regulation of Financial Services Markets closed 27.5% more non-banking financial institutions than during 2018. More
UZBEKISTAN: O'zbekinvest Hayot growth of paid claims exceeded 62% in 2019
by Marina MAGNAVAL, 2020-02-26
Insurance company O`zbekinvest Hayot summed up its 2019 results, according to which the company's paid claims increased by 62.1% at the end of the year, exceeding UZS 110.4 billion (~EUR 10.4 million), as UZREPORT agency informed. More
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On
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ALLIANZ SE Board of Management: Klaus-Peter ROHLER succeeds Axel THEIS
by Andrei Victor, 2020-02-24
ALLIANZ informed in a statement that Axel THEIS (62), Member of the Board of ALLIANZ SE responsible for insurance in German-speaking countries and Central and Eastern Europe, retires at his own request on March 31, 2020 after more than 33 years at ALLIANZ. Klaus-Peter ROHLER (55), currently Chairman of the Board of Management of ALLIANZ Deutschland AG and ALLIANZ Versicherungs-AG, has been appointed by the Supervisory Board as his successor effective April 1, 2020. More
Scott Gunter appointed as CEO of AXA XL
by press.release, 2020-02-24
AXA announced the appointment of Scott Gunter as CEO of AXA XL. He will replace Greg Hendrick, who has decided to pursue other opportunities outside the Group. More
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How to make the customer sign ... and not calcel afterwards
by team, 2020-02-27
Developing a successful insurance platform requires a close collaboration between UX designers and business analysts from the very beggining of the project to the end. At IIF 2020 - MOTOR INSURANCE - "A glimpse in the future" Conference, Jens KAWELKE Competence Unit Manager - Requirements Engineering | Financial Services, NTT DATA will present the solutions to overcome the weaknesses many of the motor insurance platforms are currently showing.
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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
A New Era of Risks: Impact on business and property 1 April 2020 Belgrade, Serbia Organizer: Sveoosiguranju.rs, Sveonovcu.rs For details: konferencije-rizici.rs
IIF2020 - Motor Insurance Conference 6 April 2020 Bristol Hotel, Vienna, Austria Organizer: XPRIMM For details: internationalinsuranceforum.com
IIF2020 - Property Insurance Conference 7 April 2020 Bristol Hotel, Vienna, Austria Organizer: XPRIMM For details: internationalinsuranceforum.com
International Insurance-Reinsurance Congress 21-22 April 2020 Metropol Hotel, Moscow, Russia Organizer: The Reinsurance Committee of All-Russian Insurance Association and DELOVOY Format Group as Co-organizer Media Partner: XPRIMM Publications For details: http://icir.ru/en/2020
Georgian International Insurance Conference 30 April 2020 Radison Blu Iveria Hotel, Tbilisi, Georgia Organizer: XPRIMM Official Publication: XPRIMM Publications For details: xprimmevents.com
FIAR 2020 - International Insurance Reinsurance Forum 24-26 May 2020 Sinaia, Romania Organizer: FIAR Consult & XPRIMM Publications
DIA AMSTERDAM 2020 23 - 25 June, 2020 Amsterdam, The Netherlands Organizer:?DIA Media Partner:?XPRIMM Publications For details:?next.digitalinsuranceagenda.com
Baden Baden Meetings 2020
18 - 22 October 2020 Baden Baden, Germany
For details: www.baden-baden-reinsurance.de |
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