STATISTICS: Slovenia: TRIGLAV and SAVA accounted for the largest share on the two main market segments
The Slovenian insurance market reported a 6.6% y-o-y nine months growth rate to about EUR 1.67 billion, statistics of the country's Insurance Association indicated.
STATISTICS: SLOVENIA, 1H2017: Severe weather events have pushed property claims already double digit up
Slovenian insurers half year results show a 6.8% increase in GWP, to EUR 1.16 billion, fueled by the life and non-life insurance segments.
Slovenian eBusiness solutions provider PARSEK, Main Partner at IIF2017: "Insurance in the DIGITAL World" Conference
PARSEK, a highly professional eBusiness solutions provider based in Slovenia, has decided to support IIF2017: Insurance in the DIGITAL World Conference. The event will take place in Vienna, on November 14.
STATISTICS: SLOVENIAN market posted positive rates on almost all business lines
Slovenian insurers posted Q1 GWP of EUR 607.4 million, 6.6% up y-o-y. Life segment totaled EUR 167.7 million, up by 13.7% y-o-y, while non-life insurers reported GWP of EUR 439.7 million, about 4.2% up y-o-y.
STATISTICS: SLOVENIA, FY2016: Slight increase for the insurance market in 2016
At the end of December 2016, the Slovenian insurers, members of the local association, reported aggregate GWP of EUR 2.03 billion, up by 1.5% y-o-y, the latest data published by SIA show.
STATISTICS: SLOVENIA, 3Q: The insurance market "frozen" at September 2015's level
The Slovenian insurance market totaled EUR 1.52 billion at the end of September 2016, 0.2% more y-o-y, statistics of the country's Insurance Association indicated. In terms of claims paid, the aggregate value was down by 0.7% to EUR 979 million.
STATISTICS: SLOVENIA, 1H2016: GWP of EUR 1 billion, fairly equal to the previous year's result
The first half of 2016 ended for the Slovene insurance market with GWP worth EUR 1.06 billion, a figure which is fairly equal to the one recorded in 1H2015. In comparison with the previous semesters, it seems that timid signs of recovery showed by the local market throughout 2015, after several years of sluggish decline, are still far from becoming a robust trend.
Half the population of Slovenia lives in areas of high seismic risk
Up to 53% of the population of Slovenia lives in areas in which earthquakes have caused great damage in the past. Zavarovalnica TRIGLAV, the leading Slovenian insurer, has put in place the Everything will be all right website as an information and educational tool, providing articles which explain both the risks and the insurance appropriate solutions to mitigate them.
STATISTICS: SLOVENIA, Q1: 1.3% aggregate growth-rate despite the 3% decrease of life GWP
According to data published by the Slovenian Insurance Association, in Q1 2016 the local market totaled EUR 554 million, 1.3% more y-o-y. Non-life insurance saw a growth rate of 2.7%, while the life segment reported a negative dynamic: -2.8%.
"Solvency II Lessons Learned" - discussed in September, in Ljubljana
The introduction of Solvency II, starting January 2016, represents the biggest shift in the insurance regulation in several decades. the challenges arising from this shift ranging from financial, organisational, legal, operational, to systemic risks. The "Solvency II Lessons Learned" conference, organized by the Slovenian Insurance Supervision Agency, aims to exchange views on the first lessons learned in this respect.
ON THE MOVE
Industry veteran David LUNDGREN to head InsurTech Pioneer Quantemplate
David LUNDGREN has been appointed CEO and Board Director of Quantemplate, an InsurTech firm which uses machine learning to help re/insurers grow their business through data transformation and analytical insights.
Swiss Re appoints new CFO and proposes new members to the BoD
Swiss Re announced that John DACEY, currently Group Chief Strategy Officer, is appointed Group Chief Financial Officer, effective 1 April 2018. He succeeds to David COLE, who will step down to pursue a non-executive career, while remaining a board member of several Swiss Re subsidiaries.
Piotr OZAREK is the PZU's first Ombudsman
Piotr OZAREK was appointed to perform the newly established function within PZU, as the first client's spokesperson of the insurer. His main task will be of helping in the most difficult and complicated cases in which PZU's clients are not satisfied with the solution.
Desmond BOHAN joins JLT Re as Senior Vice President
JLT Re, part of the global provider of reinsurance broking and consultancy, has appointed Desmond BOHAN as Senior Vice President in Stamford, Connecticut. He will focus on the continued expansion and development of JLT Re's Program practice in North America.
"Insurance and Pensions reloaded" - the 7th EIOPA Annual Conference
The 7th EIOPA Annual Conference takes place today in Frankfurt am Main, Germany. A review of the current supervisory covergence issues and of the prospects of the Pan European Personal Pension Product are on the event's agenda, together with analyzing the ways in which regulation may enable innovation.
NBMR, Moscow: Regulatory changes have challenged the Russian insurance market in 2017
"The Russian insurance market is ending a difficult year," Igor ALEKSEEV, Chairman of the Steering Committee of November Business Meetings of Reinsurers, Deputy Head of the Reinsurance Department, INGOSSTRAKH said today in Moscow.
"IIF2017 - Insurance in the DIGITAL World" Conference took place in Vienna
"IIF2017 - Insurance in the DIGITAL World" conference brought together in Vienna well-known insurance professionals from all over the world who analyzed the latest digital trends in the industry, taking into account the fast digitalization of the financial services providers' world, in particular in the insurance field, which is creating both huge opportunities and strong challenges for the players.
Croatian Insurance Days Live
On 9 November has started in Opatija, Croatia, the 2017 edition of the Croatian Insurance Days Conference, the traditional meeting of the Croatian insurance top professionals with their European peers. XPRIMM Publications are supporting the event as Media Partners.
The 2017 Baden Baden Meeting: Short recap
The Baden-Baden meeting, one of the key events in the reinsurance calendar, has just set the final point of this year's edition. XPRIMM Publications have reported from the meeting's premises. Let's recap!
Baden Baden Headlines 3: CEE insurance markets are attractive for reinsurers
Central and Eastern Europe insurance markets are an important source of business for Lloyds, total premium income from this region increasing by EUR 64 million since 2010, pointed out the Lloyd's representative in a seminar dedicated to CEE insurance markets: "We are seeing strong growth from Czech Rep, Poland, Slovakia and Ukraine. At the same time are some contractions from Russia, Bulgaria, Romania and Hungary due to challenging trading conditions as political implications and other sanctions".
Baden Baden Headlines 2: cyber insurance market set to grow under regulatory presure; nat cat events more frequent, but losses per event are decreasing
Asian insurance market, especially the Indian market - are considered to be "the new El-Dorado" of the global re/insurance market, with rapidly expanding markets and an dynamic environment: "Indian P&C re/insurance markets are expected to grow at a pace of 15% per annum", according to Victor PEIGNET, CEO, Global P&C, SCOR SE. The French -based reinsurer setted-up its Indian branch in 2016, after the authorisation from the local market authority - IRDAI. India's re/insurance market has become more attractive for global companies following the relaxation of regulatory requirements, and lately, "big names" in the industry entered the market by opening branches: GEN Re, SCOR, Lloyd's of London, MUNICH Re, SWISS Re, Reinsurance Group of America (RGA), HANNOVER Re, XL Catlin and others.
JLT Re: Harvey, Irma and Maria brought a decisive end to a five-year period of below-average global catastrophe losses
"2017 looks set to become the most expensive catastrophe loss year ever for the P&C sector, mostly due to the hyperactive 2017 hurricane season," finds the Viewpoint Report - Winds of change launched yesterday by JLT Re.
5th Insurance Claims & Underwriting Management Asia Summit 2018
6-9 February 2018
Singapore, Rendezvous Hotel Singapore
Organizer: Equip Global Pte Ltd
Media Partner: XPRIMM Publications
More details: equip-global.com
6th Edition Nordic Asset Allocation: Investing in Alternative Asset Classes
7-9 March 2018
Organizer: marcus evans
Media Partner: XPRIMM Publications
For details: marcusevans-conferences-paneuropean.com
European Consumer Protection Conference
22 March 2018
Prague, Czech Republic
4th Annual African Insurance Forum
5-6 April 2018
Johannesburg, South Africa
Media partner: XPRIMM Publications
For details: ins.fextons.com