Russia
RUSSIA: Motor Hull GWP increased by 3.8% y-o-y in 2018
Motor Hull GWP increased by 3.8% (from RUB 162.5 billion to RUB 168.7 billion) in 2018, while paid claims remained at almost the same level (RUB 83.2 billion vs RUB 83.3 billion a year ago), as regulator's data show.
14 March 2019The 2nd International Insurance and Reinsurance Congress to be held in Moscow on April 10-12, 2019
The Congress organized under the title "Global Objectives 2019", with the support of the All-Russian Insurance Association, will combine two events, as a year before: the Insurance Conference and the 23rd Annual Reinsurance Conference.
5 March 2019RUSSIA: in 2018 compensation payments from RAMI's insolvency fund increased by almost 74% y-o-y
According to the Russian Association of Motor Insurers (RAMI), compensation payments from the insolvency fund for the insurers that left the market, amounted to RUB 9.9 billion (+73.7% y-o-y) in 2018, as ASN wrote.
4 March 2019RUSSIA: in 2018 net profit of INGOSSTRAKH dropped by RUB 4 billion
In 2018, the net profit of INGOSSTRAKH decreased by 38% (from RUB 10.7 billion to RUB 6.7 billion), according to the company's General Director Mikhail VOLKOV.
28 February 2019Rosgosstrakh former vice president accused of laundering money
27 February 2019RUSSIA: Life GWP went up by almost 33% in 2018
Life GWP in 2018, according to preliminary data, increased by 32.8% to RUB 478 billion, and paid claims in the sector went up to RUB 73.4 billion (+37.5%), Igor YURGENS, the President of the All-Russian Insurance Association (ARIA) announced.
27 February 2019RUSSIA: Nikolay KLEKOVKIN stepped down from the presidency of Allianz in Russia
On February 19, 2019, Phillip GRONEMEYER was appointed General Director of Allianz in Russia, and Svetlana AMSHANNIKOVA became the new General Director of Allianz Life. Previously both posts were held by Nikolay KLEKOVKIN, according to a press release of the Group.
27 February 2019RUSSIA: MTPL average premium down by 7% in the regions generating about 90% of the segment's business
According to the Russian Association of Motor Insurers (RAMI), from January 1, 2019 to February 10, 2019 the average MTPL premium amount for cars dropped by 7% in 61 regions, generating in total almost 90% of all MTPL policies.
20 February 2019RUSSIA: total amount of earned reinsurance premiums of RNRC in 2018 is almost 3 times higher y-o-y
"The Russian National Reinsurance Company (RNRC) has announced its results for 2018. Under reinsurance contracts in 2018 RNRC received RUB 12.1 billion of GWP (+58% y-o-y). Total amount of earned premiums exceeded RUB 11 billion (almost 3 times higher y-o-y)", according to the company's official statement.
20 February 2019ERGO sold its non-life business in Russia to RESO-Garantia
ERGO Group AG announced the sale of 100% of its non-life business in Russia to RESO-Garantia. The parties have agreed not to disclose details of the purchase price.
14 February 2019RUSSIA: rating of VSK-Life line confirmed at ruA+
The national rating agency Expert-RA confirmed the rating of VSK-Life line at ruA+, outlook stable, as ASN wrote.
14 February 2019RUSSIA: RESO-Garantia acquires the Russian non-life insurer of ERGO Group
RESO-Garantia acquires 100% of ERGO (a subsidiary non-life insurer of ERGO Group AG in Russia) from ERGO International AG, as ASN wrote.
14 February 2019RUSSIA: profit of ROSGOSSTRAKH, according to the preliminary data, in 2018 amounted to RUB 6 billion
Based on the preliminary data, in 2018 profit of ROSGOSSTRAKH for the first time during the last 3 years amounted to RUB 6 billion.
14 February 2019RUSSIA: ROSGOSSTRAKH to merge ERGO Life and RGS Life Insurance
ROSGOSSTRAKH has announced its decision to merge life insurers - ERGO Life and RGS Life Insurance, according to the information on the insurer's website, published on January 31.
7 February 2019RUSSIA: in 2018 MTPL accounted for 81.5% of the total volume of complaints against insurers
According to the Bank of Russia, for the first time in the last few years the market has seen a decrease in the number of complaints from consumers of financial services, which was mainly due to a sharp reduction in complaints against MTPL in 2018 by 43.1%.
7 February 2019RUSSIA: national rating of SBERBANK Insurance confirmed at ruAA+
The national rating agency Expert RA confirmed the rating of SBERBANK Insurance at ruAA+, at that the outlook was changed from stable to positive, reports ASN.
31 January 2019RUSSIA: RNRC paid the biggest loss in the history of military cargo insurance in the country
Total amount of the insurance indemnity paid by the Russian National Reinsurance Company (RNRC) for the damaged military cargo already reached RUB 3.5 billion (~EUR 46 million)*, which makes this loss the biggest and unique in the whole history of military cargo insurance in the country, as ASN wrote.
31 January 2019RUSSIA: MTPL GWP in 2018 remained unchanged y-o-y, while paid claims dropped by 21% as the preliminary data show
In 2018 the total number of MTPL policies increased by 2%, according to the preliminary data, however, GWP of the class remained at the level of 2017, as ASN informed.
31 January 2019RUSSIA: Insurers reduced payments in OSAGO by 20% in 2018
29 January 2019RUSSIA: in 2018 livestock insurance GWP went up by 33% y-o-y
Preliminary data of the National Association of Agriculture Insurers (NAAI) for 2018 show that GWP in livestock insurance increased by 33% y-o-y to RUB 866 million, as ASN wrote.
25 January 2019
