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NEWS |
VIG Re, 1H2019: GWP amounted EUR 273 million, 15.2% more than previous year level
by Cosmin CONCEATU, 2019-08-13
VIG RE zajis'ovna a.s. (VIG Re), the branch of Vienna Insurance Group specialized in reinsurance solutions, registered a total of EUR 273 million in terms of gross written premiums at the end of June 30th, 2019, which represents an increase of 15.2% year-on-year.
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EUROHOLD, 1H2019: 31% increase in group's total revenue
by Cosmin CONCEATU, 2019-08-13
Bulgaria based EUROHOLD reported an increase of 31% year-on-year of the Group's operating income for the period between January 1st- June 30th, 2019. The total revenue of EUROHOLD amounted to EUR 402 million.
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BULGARIA: The Guarantee Fund publishes draft determining pecuniary and non-pecuniary damage for injured
by Cosmin CONCEATU, 2019-08-19
On August 9th, 2019, the Bulgarian Guarantee Fund published a draft of guidelines for determining compensation for property and bodily damage of injured people, introducing new elements to current law and clarifying aspects of the amount of compensation.
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STATISTICS: CROATIA, 1H2019: Motor Hull provided for the highest contribution to the market growth
by Daniela GHETU, 2019-08-22
The first half of 2019 ended for the Croatian insurance market with aggregated GWP of EUR 784 million, 7.5% up y-o-y, a growth almost entirely provided by the non-life insurance segment.
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STATISTICS: MONTENEGRO, 1H2019: 10% increase in the market aggregate gross profit
by Daniela GHETU, 2019-08-22
Montenegrin insurers ended the first half of 2019 with total GWP worth EUR 46.6 million, up by almost 14% y-o-y. Both the life and non-life segments have recorded double digit growth rates.
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SAVA and TRIGLAV to purchase Diagnostic Centre Bled
by Cosmin CONCEATU, 2019-08-22
Sava Re and Triglav Group announced the acquisition of 80% share capital of Diagnostic Centre Bled (Diagnosticni center Bled d.o.o.), representing 100% of the voting rights through their jointly-owned company ZTSR d.o.o..
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Guy Carpenter selected as sole reinsurance intermediary for California Wildfire Fund
by Cosmin CONCEATU, 2019-08-22
Guy Carpenter & Company was selected by the California Earthquake Authority (CEA) to offer strategic reinsurance and advisory services for risk transfer to the newly formed California Wildfire Fund.
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ADRIATIC Osiguranje: green light for starting business in Italy
by Daniela GHETU, 2019-08-13
ADRIATIC Osiguranje dd (ex. JADRANSKO osiguranje) has obtained the official approval of IVASS - Insurance Supervisory Authority of the Republic of Italy (Istituto per la Vigilanza sulle Assicurazioni) to start business in the Republic of Italy.
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Swiss Re: Disaster events claimed more than 5 000 victims in H1 2019
by Andrei Victor, 2019-08-21
Global economic losses from natural catastrophes and man-made disasters during H1 2019 amounted to USD 44 billion vs. USD 51 billion reported for the same period a year earlier, according to Swiss Re Institute's preliminary sigma estimates.
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Next Insurance generated 52,000+ digital insurance certificates since launch
by Cosmin CONCEATU, 2019-08-22
Next Insurance, the Silicon Valley based insurtech, announced that the company generated more than 280,000 digital insurance certificates and issued more than 52,000 Live Certificates to customers since its new feature launch in March 2018.
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GENERALI to increase its influence in Russia and post-Soviet markets
by Andrei Victor, 2019-08-21
Giorgio CALLEGARI, Chairman and CEO of GENERALI Russia & CIS declared in an interview for Interfax that in forthcoming years the Italian insurer plans to develop its presence in Russia and other CIS markets.
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AZERBAIJAN: Agro insurance Fund to be established alongside new insurance mechanism
by Marina MAGNAVAL, 2019-08-22
A new agro insurance mechanism has been developed in Azerbaijan. It provides for the establishment of a collective insurance system, AzerNews reported with reference to the Ministry of Agriculture.
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STATISTICS: KAZAKHSTAN, 1H2019: market growth exceeded 20% thanks to life insurance
by Marina MAGNAVAL, 2019-08-22
In the first half of 2019, the market grew by 20.20% y-o-y in local currency, GWP reached almost KZT 255 billion (~EUR 588 million), as data published by the National Bank of Kazakhstan show.
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KAZAKHSTAN: from January to June, insurer profit decreased 20% y-o-y; asset growth exceeded 12%
by Marina MAGNAVAL, 2019-08-19
In the first half of 2019, local insurer assets grew by 12.8% y-o-y, to KZT 1.1 trillion (~EUR 2.54 billion). However, in the background, profit dropped by 20% to KZT 35.5 billion (~EUR 81.97 million), Allinsurance.kz reports.
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RUSSIA: driver with life insurance change: investment life insurance decreased by 32% y-o-y in the first 6 months
by Marina MAGNAVAL, 2019-08-22
From January-June, according to preliminary data, investment life insurance decreased by 32% y-o-y and now occupies 46% of the sector (vs 62% a year ago), its GWP amounted to RUB 92.3 billion, ASN reports.
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RUSSIA: Growth of more than 58% y-o-y for ROSGOSSTRAKH's H12019
by Marina MAGNAVAL, 2019-08-22
From January to June 2019, ROSGOSSTRAKH's total net profit increased by 58.3% y-o-y, to RUB 3.8 billion (~EUR 52.91 million), ASN reports.
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Fitch upgrades Russian National Reinsurance Company following sovereign upgrade
by press.release, 2019-08-14
Fitch Ratings has upgraded Russian National Reinsurance Company's (RNRC) Insurer Financial Strength (IFS) rating to 'BBB' from 'BBB-'. The Outlook is Stable.
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UKRAINE: from January-June, MTPL GWP increased by over 11% y-o-y
by Marina MAGNAVAL, 2019-08-22
The total number of MTPL contracts grew by 3% and GWP by 11.2%, to UAH 2.4 billion (EUR 80.64 million) in the first half of the year, Forinsurer reports based on the MTIBU (Motor (Transport) Insurance Bureau of Ukraine) data.
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STATISTICS: UZBEKISTAN, 1H2019: GWP growth exceeded 53%, while paid claims increased by more than 116% y-o-y
by Marina MAGNAVAL, 2019-08-22
From January to June this year, the market showed impressive growth of 53.29% y-o-y. GWP amounted to UZS 1,253.304 billion (EUR 128.78 million), according to data published by the Ministry of Finance of the Republic.
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UZBEKISTAN: new insurance company licensed: Perfect Insurance
by Marina MAGNAVAL, 2019-08-19
The Uzbek Ministry of Finance has issued a license to a new insurance company, Perfect Insurance, UzReport news reported on August 12, with reference to the Ministry.
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UZBEKISTAN: new Presidential Decree provides for e-policies and increasing insurer minimum charter capital
by Marina MAGNAVAL, 2019-08-19
In Uzbekistan, a new Presidential Decree "On measures to reform and ensure accelerated development of the insurance market of the Republic of Uzbekistan" was adopted on August 2. It involves several changes on the local market, UzReport news reported.
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AEGON, 1H2019: Net income rose by 26% y-o-y
by Cosmin CONCEATU, 2019-08-21
Aegon's net income for the first half of 2019 reached EUR 618 million, 26 percent more than the net income registered in the first half of prior-year. According to Aegon, the growth was driven by realized gains and lower other charges, partly offset by a higher loss on fair value items.
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AXA, 1H2019: gross revenues amounted EUR 58 billion, up 8.1% y-o-y
by Cosmin CONCEATU, 2019-08-12
AXA consolidated gross revenues amounted to EUR 57,949 million at the end of 30 June 2019, up by 8.1% y-o-y on a reported basis and up by 4.0% y-o-y on a comparable basis, compared to 30 June 2018.
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NN Group, 1H2019: operating result increased by 11.3% y-o-y despite the lower result of 2Q2019
by Cosmin CONCEATU, 2019-08-21
For the first half-year of 2019, NN Group's operating result amounted to EUR 914 million, 11.3% higher than the same period of the previous year operating result. The y-o-y increase includes the impact of January 2018 storm, amounting EUR 89 million.
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Partner Re, 1H2019: total GWP volume rose by 15.6%
by Cosmin CONCEATU, 2019-08-12
Partner Re reported a net income of USD 805 million for the first half of 2019, a significant increase compared to first half of 2018 (USD 28 million). Net income available to common shareholder was USD 782 million (1H2018: USD 5 million).
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SAVA, 1H2019: +59% change y-o-y in group's net profit
by Cosmin CONCEATU, 2019-08-22
Slovenian Sava Insurance Group and Sava Re published the report for their first half of 2019 activity. The Group's net profit jumped to EUR 23 million, about 59.3% more than previous year's six-month net profit.
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TRIGLAV, 1H2019: 10% increase in total GWP with considerable growths outside non Slovenian markets
by Cosmin CONCEATU, 2019-08-22
Slovenia based Triglav Group published its first half year of 2019 report. According to the company figures, the total volume of gross written premiums (GWP) reached EUR 630 million, 10% more than the similar period of prior year.
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TALANX, 1H2019: 9.4% increase in net income
by Cosmin CONCEATU, 2019-08-13
Germany based Talanx Group reported a net income of EUR 477 million at the end of first half-year of 2019, 9.4% higher than the net income. The growth was driven mainly by Retail Germany, Retail International and Life & Health Reinsurance segments.
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Insurance Conference - Back 2 Basics
Ljubljana, Slovenia,
6 September 2019
Organizer: AZN - Insurance Supervision Agency of Slovenia
Les Rendez-Vous de Septembre
7-12 September 2019
Monte-Carlo, Monaco
For details: rvs-monte-carlo.com
XIX INTERNATIONAL FINANCE FORUM
12-15 September 2019
Hotel Gagarinn, Odessa, Ukraine
6th Annual Insurance Business Forum
16-18 September, 2019
Swissotel Sochi Kamelia, Sochi, Russia
Organizer: Insurance Business Forum
For details: http://ibf.ins-df.com
4th Annual Connected Claims Europe
18 - 19 September, 2019
Novotel Amsterdam City, The Netherlands
Organizer:?Insurance Nexus
Media Partner:?XPRIMM Publications
For details:?events.insurancenexus.com
9th Edition Insurance Asset Management
18 - 20 September, 2019
Amsterdam, Netherlands
Organizer:?marcus evans
Media Partner:?XPRIMM Publications
For details:?marcusevans-conferences-paneuropean.com
Annual National Reinsurers Summit
3 - 4 October 2019
St. Petersburg, Russia
Organiser: RNRC - Russian National Reinsurance Company
For details: en.rnrc.ru
Baden-Baden XPRIMM Reception
20 October 2019
Kurhaus Casino
Baden-Baden, Germany
Organizer: XPRIMM
For details:xprimmevents.com/baden/
10th Annual WorldPensionSummit
22 - 24 October, 2019
Louwman Museum, the Hague, the Netherlands
Organizer:?P&I Events
Media Partner:?XPRIMM Publications
For details:?pionline.com/wps2019
Baden Baden Meetings 2019
20-24 October 2019
Baden Baden, Germany
For details: www.baden-baden-reinsurance.de
Insurance Conference - Republic of Moldova
3rd Edition
11 November, 2019
Radisson Blu Leogrand Hotel
Chisinau, Republic of Moldova
Organizer: XPRIMM
Bancassurance Asia Masterclass 2019
12 - 14 November 2019 Kuala Lumpur, Malaysia Organizer:?Equip Global Pte Ltd
Media Partner:?XPRIMM Publications
For details:?equip-global.com
DIA Munich
20-21 November 2019?? Munich, Germany Organizer: DIA Media Partner: XPRIMM Publications
DIA Hong Kong
11-13 December 2019 Hong Kong Organizer: DIA Media Partner: XPRIMM Publications
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