Russia
RUSSIA: Growth of more than 58% y-o-y for ROSGOSSTRAKH's H12019
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.
22 August 2019GENERALI to increase its influence in Russia and post-Soviet markets
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.
21 August 2019RUSSIA: Ex-heads of Rosgosstrakh suspected of withdrawal of funds
20 August 2019RUSSIA: VSK's rating improved to BB
Fitch Ratings improved the financial stability rating of VSK from BB- to BB, outlook stable, ASN reports.
6 August 2019RUSSIA: Gennady GALPERIN head of ROSGOSSTRAKH from July 20
Gennady GALPERIN was elected to the position of CEO by the Board of Directors of the company, effective July 20, 2019, ASN reported.
5 August 2019RUSSIA: In 1H2019, MTPL GWP decreased by almost 5%, while paid claims increased by almost 9%
According to preliminary data, in 1H2019, MTPL GWP decreased by 4.7% y-o-y, while the total number of MTPL policies rose by 0.8%, reported Igor YURGENS, President of the Russian Association of Motor Insurers (RAMI).
5 August 2019RUSSIA: from January-June the accrued reinsurance premium of RNRC increased by 21% y-o-y
For the first half of the year, accrued reinsurance premium of the Russian National Reinsurance Company (RNRC) amounted to RUB 7.59 billion (~EUR 0.1 billion), which is 21% more y-o-y, the reinsurer reports.
5 August 2019RUSSIA: in 1Q2019, inward reinsurance increased by 22% y-o-y; outward by 4%
Inward reinsurance in 1Q2019 increased by 22% y-o-y (vs 24% a year ago), according to an official announcement from the national reinsurer.
18 July 2019RUSSIA: RNRC announces appointment of new President - Natalia KARPOVA
Natalia KARPOVA, previous RNRC Deputy Chairman of the Board, was appointed as RNRC (Russian National Reinsurance Company) President, Chairman of the Board effective from July 1, 2019 based on the resolution of the Central Bank of Russia, as the company reported on its website.
11 July 2019RUSSIA: over the last 5 years, the total number of insurers has decreased by more than 41%
Over the past 5 years (since 2014), the total number of insurers on the local market has decreased by 41.5%, and the number of branches by 27.6%, ASN reports based on a review of insurer activity, published by the Federal State Statistics Service.
11 July 2019RUSSIA: Expert RA: GWP in electronic insurance, excluding MTPL, will reach RUB 19-20 billion in 2019
According to the forecast of the largest Russian rating agency, Expert RA, GWP in e-insurance, excluding MTPL, will reach RUB 19-20 billion (~EUR 0.26-0.28 billion) by the end of 2019, the agency reports.
4 July 2019RUSSIA: S&P upgraded SOGAZ to 'BBB', outlook stable
S&P Global Ratings raised its long-term issuer credit and financial strength ratings of SOGAZ to 'BBB', outlook stable, removing them from CreditWatch with developing implications, as the insurer informed on its website with reference to the agency's report.
27 June 2019RUSSIA: in May, INGOSSTRAKH ranked 1st on the MTPL market
According to the Russian Association of Motor Insurers, in May 2019 INGOSSTRAKH became the MTPL leader in terms of number of policies and GWP, while AlfaStrakhovanie held the leading positions for the period from January to May, ASN reports.
27 June 2019RUSSIA: total number of agents for TOP-100 insurance companies increased by almost 13%
The total number of active agents for the leading 100 insurers increased by 12.9% y-o-y at the end of the first quarter of 2019, ASN reports, based on data from the Bank of Russia.
20 June 2019RUSSIA: Bancassurance may drop by 10-12% at the end of the year
According to ExpertRA, Russia's largest credit rating agency, Bancassurance, despite impressive growth last year (+44.4%), may decline by 10-12% by the end of 2019, ASN reports with reference to the agency's research.
20 June 2019STATISTICS: RUSSIA, 1Q2019: market GWP remained almost unchanged amid paid claims growth of about 28% y-o-y
Insurer GWP amounted to RUB 378.6 billion (EUR 5.2 billion) in 1Q2019, almost the same level as a year ago. Meanwhile, total paid claims increased rapidly, by 27.6% to RUB 139.2 billion (EUR 1.9 billion), statistical data of the Bank of Russia show.
20 June 2019RUSSIA: SOGAZ comes back to leadership in the first quarter
In the first quarter of this year, SOGAZ was way ahead of last year's leader SBERBANK Life insurance, collecting RUB 80.1 billion in GWP (GWP of SBERBANK Life insurance reached RUB 37.5 billion), ASN reported based on the data of the Bank of Russia.
13 June 2019RUSSIA: cost of MTPL policy for individuals in January-May decreased by more than 4% y-o-y against the background of increasing competition
For January-May 2019, the average cost of MTPL policy for individuals decreased by 4.1% y-o-y, as data from the Russian Association of Motor Insurers (RAMI) show.
13 June 2019RUSSIA: Nikolay GALUSHIN leaves Presidency of RNRC July 1
The Russian National Reinsurance Company (RNRC) announced that Nikolay GALUSHIN, its President and Chairman will leave the position on July 1, 2019, "following the successful implementation of the launch and development of national reinsurer's activities, through the company's strategy".
6 June 2019RUSSIA: from January-March life GWP dropped by 5.5% y-o-y
According to Philipp GABUNIA, Director of the Insurance Market Department of the Bank of Russia, from January to March 2019, investment life insurance (ILI) GWP dropped by 26% y-o-y in an amount of RUB 46 billion, ASN reports.
30 May 2019
