 TOP
NEWS |
Poland: the financial markets' supervisory body reorganized as state legal entity
by Daniela GHETU, 2019-01-08
On 1 January 2019, further provisions of the Act of 9 November 2018 amending certain acts in connection with the strengthening of supervision over the financial market and investor protection on the Polish market entered into force.
 More
STATISTICS: LATVIA: Local insurers posted EUR 9.33 million in nine-month profit
by Andrei Victor, 2019-01-09
Latvian insurance companies generated EUR 9.33 million in aggregate 3Q2018 profit, down by 28.5% y-o-y from EUR 13.05 million a year ago, the quarterly figures published by FKTK (Financial and Capital Market Commission) showed.
More Продолжение
STATISTICS: SLOVENIA timeline 2008 - 2017: steady and smooth transition year over year
by Cosmin CONCEATU, 2019-01-09
The Slovenian insurance market maintained steady between 2008-2017, the difference from the first year to the last one being summed up in a small growth, in both written premiums and paid indemnities. In this period, the Slovenian insurance sector kept a smooth transition year over year, with no sudden changes in any of the main business lines, reflecting a good stability and steadiness.
More Продолжение
Slovene SAVA Re Group targets a 10% growth in the net profit for 2019, to over EUR 43 million
by Daniela GHETU, 2019-01-07
For 2019, SAVA Re Group targets a growth of over 4.5% in the Group's operating revenue, and a net profit of minimum EUR 43 million, 10% over the profit estimated for 2018, corresponding to a growth in ROE of at least 12%, the Slovene groups has announced.
More
Hungary's insurance market regulator aims to enhance competition in the home insurance market
by Daniela GHETU, 2019-01-08
Hungary's central bank aims to introduce in the second half of 2019 measures to enhance competition in the home insurance market, the central bank's managing director for oversight of financial organizations Csaba KANDRACS said, quoted by Reuters.
More
NN Group completes acquisition of AEGON units in Czech Rep. and Slovakia
by Andrei Victor, 2019-01-10
NN Group announced that it has completed the acquisition of AEGON's Life Insurance business in the Czech Republic and AEGON's Life Insurance and Pension businesses in Slovakia.
More
Greece: new bid for the Ethniki acquisition
by Daniela GHETU, 2019-01-09
After the failure of the previously announced acquisition attempts made by Fosun, Exin or Gongbao, it seems that a new opportunity to sell Ethniki - Hellenic General Insurance Co. presented itself to National Bank of Greece, with a bid launched by a consortium led by Hannover Re S.E.
More
Register now at the 12th Annual Bancassurance Forum! XPRIMM readers benefit from a discount!
by Adina TUDOR, 2019-01-09
The 12th Bancassurance Forum, taking place between 13 - 14 February in Berlin, is a unique platform for meeting and exchanging knowledge and struggles among the banking, insurance, InsurTech & consultancy environment elite.
More
Swiss Re Corporate Solutions launches FLOW, a parametric water-level insurance for companies exposed to high or low water
by Daniela GHETU, 2019-01-08
Swiss Re Corporate Solutions launched FLOW, a parametric water-level index-based insurance product, designed to protect companies in Europe from the financial impact of high or low river water levels, such as lost revenue due to business interruption or increased costs due to risk mitigation measures.
More
GENERALI completes the sale of its Belgium unit to ATHORA Holding
by Andrei Victor, 2019-01-09
Italian based insurer GENERALI announced the closing of the sale of its entire stake in GENERALI Belgium SA to ATHORA Holding Ltd. "in line with the terms already announced to the market on April 18, 2018".
More
S&P and A.M. Best upgrade issuer credit rating of TALANX
by Andrei Victor, 2019-01-10
The international rating agencies Standard & Poor's (S&P) and A.M. Best have for the first time awarded TALANX AG a financial strength rating.
More
AIG completes acquisition of UK Group risk specialist ELLIPSE from MUNICH Re
by Andrei Victor, 2019-01-09
American International Group announced that AIG Life Limited, a UK subsidiary of AIG Life & Retirement, has completed the previously agreed acquisition of ELLIPSE, a specialist group life, critical illness and income protection provider in the UK, from MUNICH Re.
More
ALLIANZ announced management changes in Africa
by Andrei Victor, 2019-01-09
ALLIANZ Africa has announced the appointment of Adja SAMB as CEO of ALLIANZ Senegal, and of Xavier LAURENT, previously CEO of ALLIANZ Senegal, as regional Head of Market Management. Both appointments are effective January 1, 2019.
More
STATISTICS: UKRAINE, 3Q2018 result: for January-September 2018 the market growth y-o-y exceeded 11% in local currency, but in euro it was less than 5%
by Marina MAGNAVAL, 2019-01-09
For 9 months in 2018 Ukrainian insurers generated GWP in the amount of UAH 34.87 billion (~EUR 1 billion). At that annual growth rate in local currency amounted to 11.1%, according to the data, published by the National Financial Services Commission.
More Продолжение
ARMENIA: for January-September 2018 insurers paid taxes by almost 24% less y-o-y
by Marina MAGNAVAL, 2019-01-09
Tax payments of Armenian insurers for January-September 2018 decreased by 23.8% y-o-y. Including direct taxes (such as profit tax and income tax), which dropped by 26.3% y-o-y, as ArmInfo wrote.
More Продолжение
AZERBAIJAN: insurance market in 2018 may reach a record GWP volume, of over AZN 700 million
by Marina MAGNAVAL, 2019-01-09
For 11 months of 2018 Azeri insurers generated GWP of AZN 663.9 million (31.7% more y-o-y) and paid claims amounted to AZN 224.1 million (3% less y-o-y), according to the Financial Markets Supervision Chamber of Azerbaijan (FIMSA).
More Продолжение
AZERBAIJAN: compulsory real estate insurance GWP increased by 18% y-o-y in January-October, while the leading compulsory class - MTPL went up only by 1.61%
by Marina MAGNAVAL, 2019-01-09
According to the Chairman of the ASA Mustafa ABBASBEYLI, compulsory real estate insurance in Azerbaijan in 2019 may double its volume, as Trend wrote. He pointed out that as of now the penetration degree of the compulsory real estate insurance in Azerbaijan is about 10-15%.
More Продолжение
AZERBAIJAN: Ata Sigorta's license for reinsurance temporary suspended
by Marina MAGNAVAL, 2019-01-09
The Financial Markets Supervision Chamber of Azerbaijan (FIMSA) suspended the license issued to Ata Sigorta for the reinsurance operations, because of the non-conformity of Ata Sigorta's capitalization for provision of reinsurance services, FIMSA said in its statement.
More Продолжение
BELARUS: GWP growth for Jan-Nov 2018 amounted to almost 17% y-o-y, while paid claims' share in total premiums remained unchanged
by Marina MAGNAVAL, 2019-01-09
For January-November in 2018 GWP of the Belarusian insurers amounted to BYN 1.1 billion, at that y-o-y growth of GWP reached 16.7%, according to the data, published by the Ministry of finance of the Republic.
More Продолжение
GEORGIA: UNISON's GWP was 3 times ahead the market growth rate in 3 quarters of 2018
by Marina MAGNAVAL, 2019-01-10
Based on 3Q2018 data, Georgian insurer UNISON has improved its positions on the market and entered TOP-5 insurance companies in terms of GWP, according to the regulator's statistics.
More Продолжение
KAZAKHSTAN: for 11 months in 2018 the market concentration increased by almost 14% y-o-y
by Marina MAGNAVAL, 2019-01-10
The Kazakh insurance sector keeps concentrating. As of December 1, 2018 the share of TOP-5 companies in general insurance GWP increased by 13.9 percentage points y-o-y, reaching 68.3% (vs 54.4% a year ago), as allinsurance.kz informed.
More Продолжение
KAZAKHSTAN: for Jan-Nov 2018 the Motor Hull market share went up by 12% y-o-y
by Marina MAGNAVAL, 2019-01-10
According to the National Bank of Kazakhstan as of December 1, 2018 the Motor Hull market share went up by 12% y-o-y, at the same time total number of the insured vehicles dropped by 4.5 % y-o-y, as allinsurance.kz informed.
More Продолжение
KAZAKHSTAN: as of December 1, 2018 insurers' assets exceeded KZT 1 trillion while total market GWP dropped by 5.7%
by Marina MAGNAVAL, 2019-01-10
For the first time insurers' assets exceeded KZT 1 trillion. As of December 1, 2018 total assets amounted to KZT 1.004 trillion (+7.5% y-o-y), as allinsurance.kz wrote.
More Продолжение
RUSSIA: for January-November 2018 crop insurance increased by 3% y-o-y and livestock insurance went up by 16%
by Marina MAGNAVAL, 2019-01-10
According to the National Association of Agriculture Insurers (NAAI), 1.13 million hectares of crops (3% more y-o-y) and 83.1 million of livestock (+16%) were insured in Russia from January to November 2018.
More
RUSSIA: claims paid for MTPL contracts dropped by 23% y-o-y, in January-November 2018
by Marina MAGNAVAL, 2019-01-10
For January-November 2018 MTPL average paid claim amounted to RUB 66,625 (13% less y-o-y). At that MTPL average premium for the same period decreased from RUB 5,809 to RUB 5,703, as the Russian Association of Motor Insurers (RAMI) informed.
More Продолжение
RUSSIA: INGOSSTRAKH's rating confirmed at ruAAA, stable outlook
by Marina MAGNAVAL, 2019-01-10
The national rating agency Expert RA confirmed the financial rating of INGOSSTRAKH at ruAAA, stable outlook. According to the Bank of Russia, in terms of GWP for 9 months of 2018 the insurer ranked 6th in the market.
More Продолжение
RUSSIA: rating of VSK confirmed at ruAA, stable outlook
by Marina MAGNAVAL, 2019-01-10
The rating agency Expert RA removed the "under watch" status and confirmed the financial reliability rating of VSK at ru, outlook stable, as ASN wrote.
More Продолжение
UKRAINE: 13 insurers left the market in January-September2018
by Marina MAGNAVAL, 2019-01-10
According to the National financial services committee of Ukraine, in order to remove unreliable players from the financial market, 126 organizations, including 13 insurance companies, were removed during January-September, as the member of the Committee, Aleksander ZALETOV informed.
More Продолжение |
|
FIAR 2019: Register before 30 January and save 40% of the attendance fee
by Daniela GHETU, 2019-01-10
To
the satisfaction of its traditional guests, FIAR returns in 2019 to its
historical hometown, Sinaia. The forthcoming edition will benefit
from the comfort and professional facilities of a new venue, the
Conference Center of the International Hotel ****, located in the heart
of the beautiful mountain resort.?Registration is opened at a significantly discounted early bird rate until 30 January.
More |
| MARKETS&TRENDS |
| On the move |
Slaven DOBRIC elected as the new President of the Croatian Insurance Bureau
by Daniela GHETU, 2019-01-07
The Croatian Insurance Bureau (HUO) has a new management since December 10. Slaven DOBRIC, member of the Management Board of Allianz Zagreb dd and HUO's ex Deputy Chairman, was elected as President. Hrvoje PAUKOVIC was re-appointed Director of HUO for a new mandate.
More
Pawel KACPRZYK appointed CEO at Nationale-Nederlanden Poland
by Daniela GHETU, 2019-01-10
Nationale-Nederlanden Poland announced that Pawel KACPRZYK has been appointed CEO as of 1 February 2019.
More
Yavuz OLKEN appointed Chairman of the Board of Directors of Azerbaijani AXA MBASK
by Daniela GHETU, 2019-01-09
Yavuz OLKEN has been appointed Chairman of the Board of Directors of the Azerbaijani insurance company AXA MBASK, the Trend news agency reports referring to the company's website.
More
Munich Re's Supervisory Board appoints Nicholas J. GARTSIDE as CIO
by Daniela GHETU, 2019-01-08
The Supervisory Board of Munich Re has appointed Nicholas J. GARTSIDE as member of the Board of Management. As Chief Investment Officer (CIO) he will be responsible for the whole Asset Management of Munich Re (Group), starting on 18 March 2019.
More
LLOYD'S: Sonja ROTTIERS will head the Brussels subsidiary, while Michel FLAMEE will chair the company's Board
by Daniela GHETU, 2019-01-10
Sonja ROTTIERS has been appointed as the Chief Executive Officer (CEO) of Lloyd's Brussels. She will also be Lloyd's Regional Director for Europe, Middle East and Africa, and will take up her position in February.
More
Michel KHALAF to succeed Steven KANDARIAN as President & CEO of MetLife
by Andrei Victor, 2019-01-10
The board of directors of MetLife announced that Michel KHALAF, President, U.S. Business and EMEA, will become MetLife's President and Chief Executive Officer on May 1, 2019. Khalaf also has been appointed to the MetLife board effective May 1.
More
|
| STATISTIC
UPDATES |
| PARTNER
EVENTS |
IFRS 9 After Implementation In-House Training
Date, venue & schedule - chosen by the applicants
10th Bancassurance Africa Summit 2019
12 - 15 February 2019
Cape Town, South Africa
IIF 2019 - Actuarial Trends in the SEE Region
28 February 2019,
Skopje, Macedonia
Georgian International Insurance Conference
14 - 15 March 2019,
Tbilisi, Georgia
IIF 2019 - MOTOR Insurance Conference
8 April 2019
Bristol Hotel, Vienna, Austria
IIF 2019 - Property Conference
9 April 2019
Bristol Hotel, Vienna, Austria
European Consumer Protection Conference
17 May 2019
Intercontinental Hotel, Bucharest, Romania
FIAR 2019 - International Insurance Reinsurance Forum
19 - 22 May 2019
Sinaia, Romania |
| CURRENT
XPRIMM REPORTS |
|
