XPRIMM News
Insurance Newsletter, No. 446, 11 April, 2019

Click here to subscribe!
Click here to unsubscribe!
www.xprimm.com

TOP NEWS - CURRENT REPORTS - STATISTIC UPDATES
TOP NEWS
STATISTICS: BOSNIA and HERZEGOVINA, FY2018: Insurers' GWP grew 4.4% y-o-y
by Andrei Victor, 2019-04-11
Last year, the BiH insurance market totaled?EUR 365 million?(BAM 713 million), 4.4% more y-o-y, as data from the local insurance agency - AZOBIH shows.
More

STATISTICS: MACEDONIA, FY2018: Preliminary figures indicate double digit increases for insurance industry
by Andrei Victor, 2019-04-11
The preliminary FY2018 statistics provided by Macedonian ISA indicate for the local insurance market a total gross written premiums (GWP) volume of EUR 161.4 million (MKD 9.9 billion), up by 10.4% y-o-y.
More

POLAND: PZU Group successfully completed a pilot project of using A.I. in handling motor damage
by Cosmin CONCEATU, 2019-04-11
Poland-based PZU Group announced that progress was realized on their PZU GO service, an innovative technology, which will support the insurer's employees and experts in motor claim handling. The time necessary for claim handling will be significantly shorten through the software.
More

Transaction with Dutch flavor in Slovakia: ACHMEA to acquire AEGON's P&C portfolio
by Andrei Victor, 2019-04-11
Dutch insurance group ACHMEA announced is expanding its presence in Slovak insurance market by acquiring AEGON's property & casualty portfolio in the country. The portfolio consists of more than 18,000 home insurance policies. The acquisition is being made by ACHMEA's subsidiary, UNION.
More

SLOVENIA: Sava Re proposes dividend for shareholders
by Marina MAGNAVAL, 2019-04-11
Slovenian Sava Re is going to pay a gross dividend of EUR 0.95 per share, EUR 14.7 million in total, or 34.23% of 2018 net profit of the Sava Re Group, the reinsurer said in an official statement.
More

Slovenian Court banned the AZN denying approval for the acquisition of shares in SAVA Re by CROATIA Osiguranje
by Andrei Victor, 2019-04-11
Slovenia's Administrative Court has dismissed the appeal against the ban on the acquisition of shares in the Sava Re's group parent company, Pozavarovalnica SAVA by Croatian leading insurer CROATIA Osiguranje imposed by AZN - the Slovenian insurance supervisory body, the Croatian insurer announced.
More

GENERALI Group announces its first boutique in Italy with a new partnership to launch innovative multi-asset strategies
by Cosmin CONCEATU, 2019-04-11
GENERALI Group announced its first Italian boutique with a strategic partnership, aimed at launching a new asset management company. The new venture will develop multi-asset strategies, serving the needs of clients around the world, both private and institutional.
More

ZURICH, ALLIANZ and AXA to Join Europe's Leading Insurers at Connected Insurance Europe 2019
by Adina TUDOR, 2019-04-11
In a few short years, on-demand has quickly become the norm. From getting our fix of food, entertainment or shopping, the majority of our interactions have gone one way: personalized, instant, easy. So, why not insurance?
More

AZERBAIJAN: The market grew by 2% y-o-y in Jan-Feb
by Marina MAGNAVAL, 2019-04-10
According to The Financial Market Supervisory Authority of Azerbaijan, total market GWP in January-February amounted to AZN 132.82 million (~EUR 68.69 million), 2.05% more y-o-y. Total paid claims dropped by 18.2%, to AZN 33.12 million (~EUR 17.13 million), Trend News Agency reports.
More Продолжение

AZERBAIJAN: AXA terminates sale agreement with AXA MBask Insurance Company
by Marina MAGNAVAL, 2019-04-10
The decision to liquidate AXA Mbask Insurance was made after an agreement of intent to sell the company's shares, concluded between AXA and Elkhan GARIBLI on May 21, 2018. The agreement has lost its legal force, the company announced.
More Продолжение

BELARUS: S&P affirmed 'B/B' ratings, outlook stable
by Marina MAGNAVAL, 2019-04-10
On April 5, 2019 S&P Global Ratings affirmed a 'B/B' long and short-term foreign and local currency sovereign ratings for Belarus, the outlook remains stable, the agency reported.
More Продолжение

GEORGIA: MARSH enters local market
by Marina MAGNAVAL, 2019-04-10
MARSH, a global leader in insurance broking and risk management, advising clients in over 130 countries, is beginning operation in Georgia, in partnership with the ARRIBA company, Business Georgia reports.
More Продолжение

KAZAKHSTAN: Insurers profit rose by almost 65% in Jan-Feb, and revenues by almost 25%
by Marina MAGNAVAL, 2019-04-10
According to the monitoring service Ranking.kz, profit of Kazakh insurers in January-February, 2019, grew by 64.7% y-o-y, to KZT 12.7 billion. Insurers show positive profit results for the second year in a row since losses in 2017, allinsurance.kz reported.
More Продолжение

RUSSIA: insurers' profit in 2018 grew by almost 70%
by Marina MAGNAVAL, 2019-04-10
According to the Bank of Russia, in 2018 the insurer profit grew by almost 70% to RUB 204.1 billion (vs RUB 120.6 billion in 2017). Return on equity reached 31.2%, total assets increased by more than 20% and exceeded RUB 2.9 trillion, based on the survey of key indicators of insurer activity in 2018.
More Продолжение

RUSSIA: national rating of AlfaStrakhovanie affirmed at ruAA+
by Marina MAGNAVAL, 2019-04-10
The national rating agency Expert RA affirmed the rating of AlfaStrakhovanie at ruAA+, outlook stable, ASN reports.
More Продолжение

RUSSIA: 2018 claims against the ROSGOSSTRAKH group exceeded 30% of its GWP
by Marina MAGNAVAL, 2019-04-10
By the end of 2018, the total amount claimed in lawsuits against ROSGOSSTRAKH group reached RUB 21.1 billion, equivalent to 30.5% of the group's total GWP and 39.8% of its paid claims, ASN reported.
More Продолжение

TAJIKISTAN: National Bank revokes licenses from two insurers
by Marina MAGNAVAL, 2019-04-10
The National Bank of Tajikistan revoked the licenses of two insurance companies - LONDON DUSHANBE and M-Polis, the regulator said.
More Продолжение

Willis Towers Watson acquires TRANZACT
by Cosmin CONCEATU, 2019-04-10
Willis Towers Watson is acquiring TRANZACT for USD 1.2 billion in closing consideration, with potential earn-out of up to USD 200 million, payable in either cash or stock by 2021, if certain financial targets are achieved.
More

WBG selection of Expert Risk Modeling Engagement for PEF 2.0
by press.release, 2019-04-10
The World Bank Group (WBG) is seeking to hire a modeling agent to work on the development of the next phase of the Pandemic Emergency Financing Facility (PEF 2.0).
More

EVENT: The XXIII Annual Reinsurance Conference is taking place in Moscow
by Alina PREDA, 2019-04-10
The XXIII Annual Reinsurance Conference, a traditional 2 days event which gathers all the Russian insurance and reinsurance sector, as well as foreign participants, almost 200 participants from 23 countries, has started on Wednesday, 10 April, in Moscow.
More

MARKETS & TRENDS
ITALY: 10 years after the L'Aquila earthquake, measures to increase country's resilience to Nat Cat are undertaken
by Daniela GHETU, 2019-04-11
On April 6, Italy has commemorated 10 years since the 6.3 magnitude earthquake that has destroyed the medieval town of L'Aquila, in central Italy. According to Swiss Re's sigma, the measures taken since 2017 by the Italian government are encouraging uptake of earthquake insurance and retrofitting to make buildings more earthquake resilient.
More
TOP EVENTS
Conclusions: IIF 2019 - MOTOR INSURANCE - the innovation challenge
by Mihaela CIRCU, 2019-04-08
Technology driven trends in the motor insurance field and technological approaches to meet future challenges were just a few of the topics analyzed during "IIF 2019 - MOTOR INSURANCE - the innovation challenge", which took place on Monday, 8 April, in Vienna, Austria.
More

Conclusions: IIF 2019 - PROPERTY INSURANCE - the 2 CAT Cs: climate and cyber
by Mihaela CIRCU, 2019-04-09
Re/insurance professionals activating on the property segment, as well as cyber specialists, gathered on Tuesday, 9 April, in Vienna, Austria, at The "IIF 2019 - PROPERTY INSURANCE - the 2 CAT Cs: climate and cyber" Conference, to analyze the impact and current status of the climate and cyber risks.
More

VIG


JLT
VIG

On the move
VIG Re has new Chief Underwriting Officer and head of CEE market
by Cosmin CONCEATU, 2019-04-10
After opening new branch offices in Frankfurt and Paris, VIG Re announced organizational changes. Olaf DIETRICH will be the new Chief Underwriting Officer, leading the newly formed Corporate Underwriting Department, while Petr STEPAN will head the new CEE market department.
More

GENERALI appoints Steven ZUANELLA as Group Chief Digital Officer
by Andrei Victor, 2019-04-10
As of April 1st, 2019, Steven ZUANELLA is Group Chief Digital Officer, the Italian insurer GENERALI annouced. "Steven ZUANELLA has the responsibility of steering, controling and supporting Group digital and data analytics initiatives and orchestrating innovation at the Group level."
More

POLAND: The Management Board of PZU Zycie SA appointed for a new term
by Marina MAGNAVAL, 2019-04-11
The Supervisory Board of PZU Zycie SA appointed the Management Board of the company, including its president Roman PALAC, for a new term, until December 31, 2022, the company said in an official statement.
More

ZURICH's shareholders approve board members and one of the highest dividends in the industry
by Andrei Victor, 2019-04-10
Shareholders of ZURICH Insurance Group re-elected Michel LIES as Chairman of the Board of Directors and seven other members for another one-year term of office during the Annual General Meeting held last week.
More

BETTER FINANCE elects new President
by press.release, 2019-04-10
On Monday, BETTER FINANCE and its member organizations gathered in Bucharest, Romania, to celebrate the 10-year anniversary of the European Federation of Investors and Financial Services Users and elect a new board and president.
More

TRUST RE

STATISTIC UPDATES
  STATISTICS: MACEDONIA, FY2018
  STATISTICS: BOSNIA and HERZEGOVINA, FY2018

ERGO
EUROINS

EVENTS
European Consumer Protection Conference
17 May 2019
Bucharest, Romania

FIAR 2019 - International Insurance Reinsurance Forum
19 - 22 May 2019
Sinaia, Romania

11th International Insurance Conference - Fast Forward - the future of insurance
23 May 2019
Bucharest, Romania

Global Insurance Forum
18 - 21 June 2019
Singapore


DIA AMSTERDAM 2019
25-27 June, 2019
Amsterdam, The Netherlands

Conference "Insurance in Azerbaijan: New perspectives"
27 - 28 June
Baku, Azerbaijan

OMNIASIG
MARSH

CURRENT XPRIMM REPORTS
Ins. Report CEE, SEE & CIS – 1H2018
KAZAKHSTAN FY2017 & 1H2018
TURKEY FY2017 & 1H2018
RUSSIA 1H2018
ROMANIA 1H2018
Motor Ins. Report FY2017
Property Ins. Report FY2017

DESTINE Broker

XPRIMM News