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NEWS |
VIG: Over 150 digitalization projects currently under way group-wide
by Daniela GHETU, 2019-04-25
Envisioning people's 2028 lifestyle and the role insurance will play in it, VIG is already laying the groundwork for the digital transformation. The Group is currently in the process of implementing more than 150 digitalization projects, the majority of which will be completed within the next two years.
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EUROHOLD's shareholders approved company cap hike
by Andrei Victor, 2019-04-25
Bulgarian financial group EUROHOLD said that shareholders have approved the company's plan to increase share capital by BGN 80 million to BGN 277 million via a new share issue. The shareholders' nod was given at an extraordinary general meeting earlier today.
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CROATIA Osiguranje, FY2018: net profit increase of 80% against the previous year's result
by Daniela GHETU, 2019-04-25
CROATIA Osiguranje, a member of the Adris Group and undisputed leader of the Croatian insurance market, ended 2018 with a net profit of HRK 270.4 million (EUR 36.45 million), 80% higher than in 2017, the company's annual report for last year shows.
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POLAND: Warta implementing two A.I. projects
by Cosmin CONCEATU, 2019-04-25
Poland-based insurance company Warta is working on two artificial intelligence solutions aiming to improve interactions between the company and customers for claims reporting. The software uses voice and image recognition and will be fully operational in the second half of this year.
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STATISTICS: Slovakias' FY2018 aggregate figures see slight increase despite the "red rates" reported on life LoB
by Andrei Victor, 2019-04-25
At the end of 2018 the Slovak insurance market totaled EUR 2.20 billion vs. EUR 2.16 billion a year before, according to the preliminary figures provided by the National Bank of Slovakia (NBS).
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Sava Re: 2018 Solvency and Financial Condition Report
by press.release, 2019-04-23
Sava Re published on April 2019 its Solvency and Financial Condition Report for 2018. Previous year figures showed an improved combined ratio, an increase in net result of EUR 33 million and a slight decrease in premiums total volume, due to changes in the underwriting strategy.
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AZERBAIJAN: GWP of AtaSigorta increased by almost 27% y-o-y in 1Q2019
by Marina MAGNAVAL, 2019-04-25
GWP of AtaSigorta for January-March this year amounted to AZN 5.4 million, which is 26.9% more y-o-y. The insurer's paid claims for the period amounted to about AZN 3.5 million (+89.8%), as FINEKO and ABC.AZ reported.
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KAZAKHSTAN: about 1 million e-policies sold for 1Q2019
by Marina MAGNAVAL, 2019-04-25
According to preliminary data, from January to March 2019 about 1 million electronic policies were sold in the country, accounting for about 20% of the average annual sales volume, Allinsurance.kz reports.
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KYRGYZSTAN: INGOSSTRAKH leads TOP-7 insurers in 2018 GWP
by Marina MAGNAVAL, 2019-04-25
Of 17 insurers, INGOSSTRAKH leads the TOP-7 in terms of 2018 GWP (USD 6.09 million), according to an overview of the Kyrgyz market, presented at the international conference in Kazakhstan, dedicated to insurance in Central Asia.
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RUSSIA: May 7, 2019, ARIA starts checking insurer compliance with new mandatory standards
by Marina MAGNAVAL, 2019-04-25
From May 7, 2019, the All-Russian Insurance Association (ARIA) will start checking insurer compliance with new mandatory standards related to operations on the insurance market and protecting consumer rights in insurance services, ASN reports.
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RUSSIA: rating of ROSGOSSTRAKH raised to ruAA-, outlook stable
by Marina MAGNAVAL, 2019-04-25
The rating agency Expert RA upgraded the national rating of ROSGOSSTRAKH to ruAA-, outlook stable. Previously the insurer had ruA rating, outlook positive, as reported by ASN.
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RUSSIA: The 2nd International Insurance and Reinsurance Congress "Global Objectives 2019" took place on April 10-12, 2019 in Moscow
by Marina MAGNAVAL, 2019-04-22
The Congress was supported by the All-Russian Insurance Association (ARIA), and also by the Union of Insurance Experts and Adjusters (UIEA). INGOSSTRAKH was acting as the General Partner.
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STATISTICS: UKRAINE, FY2018: Life insurance increased by 34% y-o-y
by Marina MAGNAVAL, 2019-04-25
GWP of Ukrainian insurers in 2018 increased by 13.67% y-o-y, to UAH 49.36 billion (EUR 1.56 billion), as data published by the regulator show. The market growth in Euro was over 20% due to a more favorable exchange rate of the national currency at the end of 2018.
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MARSH, GUY CARPENTER and JLT to form CARPENTER MARSH Fac Re in Latin America
by Andrei Victor, 2019-04-25
MARSH and GUY CARPENTER, both wholly owned subsidiaries of Marsh & McLennan Companies (MMC), announced that, subject to regulatory approvals, they would combine their Latin American facultative reinsurance operations with those of Jardine Lloyd Thompson Group (JLT), which was acquired by MMC on 1 April, 2019.
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SCOR Global P&C grows reinsurance premiums by 9.6% at the April renewals
by Andrei Victor, 2019-04-25
At the April 1, 2019, renewals, SCOR Global P&C grew gross written premiums by 9.6% at constant exchange rates to EUR 548 million, while benefitting from broadly improving market conditions, as the reinsurer affirmed in a statement published on its website.
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How to achieve sustained growth in bancassurance
by Adina TUDOR, 2019-04-24
Do you know how to set up, plan and execute a successful Bancassurance department and strategy? The 3-day Bancassurance Asia Masterclass has been designed to provide a complete guide for all companies. The comprehensive agenda will cover all the necessary knowledge and lessons learned on how to achieve sustained growth in bancassurance.
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| INTERVIEW |
 INTERVIEW: Michaela KOLLER, Director General, Insurance Europe
by Mihaela CIRCU, 2019-04-18
"We are delighted to be holding the 2019 International Insurance Conference in Bucharest. It is a historic moment, as it is the first time the conference will be held in a central European country and comes as Romania holds its first ever presidency of the Council of the EU."
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