TOP
NEWS |
VIG:
BTA Baltic's acquisition authorized by the Latvian Competition Council
by Daniela GHETU, 2016-06-30
The Latvian Competition Council has allowed Austrian VIENNA Insurance Group
(VIG) to take over Latvia's BTA Baltic Insurance Company (BTA Baltic),
LETA news agency informed. The competition watchdog approved the deal as
in its opinion there is no indication that the takeover might affect competition
in the non-life insurance market.
More
Swiss
Re: except for Russia and Ukraine, insurance business in the CEE region
is expected to record a positive trend in 2016
by Daniela GHETU, 2016-06-30
In the Central and Eastern Europe, including Russia, life insurance premiums
amounted in 2015 to USD 15 billion, 3.5% down y-o-y, according to the latest
Swiss Re's sigma report, "World
insurance in 2015: steady growth amid regional disparities". On the non-life side, total premiums fell by 4.9% y-o-y, to USD 38 billion.
In average, the CEE citizens' yearly expenses for insurance amounted to
USD 166, while the region's penetration degree stood at 1.9%.
More
STATISTICS: GREECE,
1Q2016: market down by 6% y-o-y
by Vlad BOLDIJAR, 2016-06-30
At the end of March 2016, the Greek insurance market totaled EUR 948.57
million, down by 5.7% y-o-y, according to the preliminary market figures
published by the Hellenic Association of Insurance Companies (HAIC). The
life insurance segment decreased by 10% y-o-y, to EUR 456.68 million, while
the non-life business line dropped by 1.2% to EUR 491.89 million.
More
STATISTICS: ESTONIA,
1Q2016: GWP up to EUR 92 million, driven by non-life lines
by Vlad BOLDIJAR, 2016-06-30
Estonian insurers reported in Q1 2016 GWP of EUR 91.78 million, up 5.21%
y-o-y, according to preliminary aggregate market figures published by the
Estonian National Statistics Board. Per insurance classes, the total value
of GWP on the life segment was down by 4.18% y-o-y to EUR 19 million (20.69%
of the total market), while the value of non-life GWP totaled EUR 72.79
million, 7.97% more y-o-y.
More
STATISTICS: POLAND,
1Q2016: maintained profitability in life insurance despite the decreasing
GWP volume
by Daniela GHETU, 2016-06-30
The downsize trend of the Polish insurance market continued in Q1, driven
by the strongly negative change recorded on the life insurance segment.
Thus, total GWP amounted to EUR 3.14 billion, 10.76% less y-o-y, while
the GWP decrease in life insurance GWP was of 23.37% y-o-y, to EUR 1.34
billion. The Polish zloti depreciation against euro had also a say in the
significant market decrease.
More
STATISTICS: TURKEY,
1Q2016: insurance sector shows impressive growth
by Vlad BOLDIJAR, 2016-06-30
In the first quarter of 2016, total gross written premiums in the Turkish
insurance market reached TRY 10.73 billion (EUR 3.3 billion), a 35.6% increase
over the same quarter last year, according to data from the Insurance Association
of Turkey (TSB).
More
Bulgarian
EIG decided to open its own branch in Greece
by Sabrina CANEA, 2016-06-30
In connection with the decision of the Greek Central Bank, which does not
approve the acquisition of the life insurance company of CREDIT AGRICOLE
Life by EUROINS Insurance Group (EIG), the Bulgarian insurer decided to
continue to grow its business in Greece by opening its own branch in the
country, as the company announced on its website.
More Продолжение
SAVA
Re simplifies its group structure by a quadruple merger
by Daniela GHETU, 2016-06-30
Slovenian insurance group SAVA Re has already taken steps to simplify its
organisational structure by merging its two domestic subsidiaries - Zavarovalnica
Maribor and Zavarovalnica Tilia - and the two Croatian units - Velebit
osiguranje and Velebit
More
GLOBUS
VIG reported growth of 13% in 1Q2016
by Sabrina CANEA, 2016-06-30
According to the preliminary data published by the Kyiv-based insurer GLOBUS
Vienna Insurance Group (VIG), in 1Q2016 the company has earned UAH 43.3
million (about EUR 1.45 million) of insurance premiums, 13.4% more y-o-y,
while the number of concluded contracts was about 78,000.
More
PASHA
Life: y-o-y 20% higher earnings in 1Q2016
by Daniela GHETU, 2016-06-30
PASHA Life, the Azeri leading life insurance company, has seen a 20% increase
in its earnings in the first quarter of 2016, as stated by Mursal RUSTAMOV,
PASHA Life Chairman of the Management Board. He expects that the local
insurance market will stabilize by the end of 2016, mid of 2017.
More Продолжение
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FITCH:
Eximgarant's Financial Strength (IFS) rating affirmed at 'B-'. The Outlook
is Stable.
MOSCOW, June 28 (Fitch) Fitch Ratings has affirmed
Export-Import Insurance Company of the Republic of Belarus's (Eximgarant)
Insurer Financial Strength (IFS) rating at 'B-'. The Outlook is Stable.
More Продолжение
Russia:
The law regarding the Russian National Reinsurance Company was adopted
by Olesea ADONEV, 2016-06-27
The law regarding the establishment the Russian National Reinsurance Company
has been adopted, on June 21, by the State Duma in the second and third
session. The law passed without the amendments proposed previously by the
Central Bank, to give the MTPL insurance line to the state reinsurer, in
order to avoid interruption or a difficult access of drivers to MTPL policies
in a several regions of the country.
More Продолжение
Armenia,
1Q2016: GWP growth by 6.7%, while claims decreased by 1.9%
by Olesea ADONEV, 2016-06-30
In 1Q2016, GWP by Armenian insurance companies increased by 6.7%, to AMD
9.5 billion compared to the similar period of 2015. At the same time, in
the analyzing period the volume of claims paid by the insurers dropped
by 1.9% and totaled AMD 3.2 billion, according to the ArmInfo Agency based
on the companies' reporting in accordance to the IFRS standards.
More Продолжение |
Russia:
The III-rd Annual Insurance Business Forum "Challenges of the year 2016" will be held on September 26-30, 2016 in Sochi
by Olesea ADONEV, 2016-06-30
The III-rd Annual Insurance Business Forum "Challenges
of the year 2016" will be held on September 26-30, 2016 in Swissotel Sochi Kamelia 5*, Sochi,
Russia. Organizer - Reinsurance Committee of the All-Russian Insurance
Association and Co organizer - DELOVOY Format Group. Traditionally, XPRIMM
Publications will support the event as Media Partner.
More
TURKEY:
takaful insurance sector expected to further develop fuelled by the participation
banking growth
by Daniela GHETU, 2016-06-30
" The issuance of new participation banking* licenses and its resultant increase
in participation banking market share would spur the growth in the takaful sector
in Turkey, as these banks serve as one of the most important distribution channels
of the takaful sector," Ramazan Ulger, President, Insurance Association of Turkey stated at a recent
professional event organized in Istanbul by The Islamic Financial Services Board
(IFSB), The World Bank Group (WBG) and the Undersecretariat of Treasury of the
Republic of Turkey.
More
Register
now for the Pillar III Reporting and Data Quality Conference!
by Sabrina CANEA, 2016-06-30
With Solvency II regulations, data validation reports and ORSA work streams,
reporting has been a top priority for insurers in the last decade, data
sitting at the centre of this activity. The main topic of the Pilar III
Reporting and Data Quality Conference will be the drive improvements in
reporting and data quality now that Pillar III has gone live in insurance
companies. The event, which takes place in London, on September 22-23,
2016, is organized by Marcus Evans. XPRIMM Publications support the conference
as Media Partner.
More
ALLIANZ
completes AEGON P&C portfolio acquisition
by Sabrina CANEA, 2016-06-30
The acquisition of AEGON's commercial P&C
portfolio by ALLIANZ has been officially approved by the Dutch central
bank and Dutch Authority for Consumers & Markets.
More |
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TOP
EVENT |
STATISTIC
UPDATES |
INSURANCE & TECHNOLOGY |
Requirements
Engineering and Legacy Systems
In order to remain competitive in the market, for example by a fast introduction
of new insurance products, the legacy systems have to be modernized or
replaced sooner or later. For this task, three alternatives were introduced
with their advantages and disadvantages. All alternatives rely on a successful
IT-Project. In order to help them to succeed in time, budget, and scope,
the professional application of different Requirements Engineering techniques
are a key success factor.
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ANALYSIS |
EVENTS |
Solvency 2 - Lessons Learned
September 6, 2016
Hotel Union Ljubljana, Slovenia
Organizer: AZN - Insurance Supervision Agency
6th Annual Managing Insurance Assets Conference
September 8-9, 2016
London, United Kingdom
Organizer: Marcus Evans
Media Partner: XPRIMM Publications
For details: marcusevans-conferences-paneuropean.com
|
Claims Transformation Forum
September 13-14, 2016
London, United Kingdom
Organizer: IQPC - International Quality
and Productivity Center
Media Partner: XPRIMM Publications
For details: claimstransformation.com
Les Rendez-vous de Septembre 2016
September 10-15, 2016
Monte Carlo, Monaco
XPRIMM Publications stand at Fairmont Hotel
For details: www.rvs-monte-carlo.com
|
Chief Data Officer Forum Insurance 2016
September 15, 2016
Swissotel Chicago, Illinois, USA
Organizer: Corinium Global Intelligence
Media Partner: XPRIMM Publications
For details: www.chiefdataofficerinsurance.com |
CURRENT
XPRIMM REPORTS |
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