XPRIMM News
Insurance Newsletter, No. 484, 6 February, 2020

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TOP NEWS - CURRENT REPORTS - STATISTIC UPDATES


TOP NEWS
AXA Group set to leave its last three CEE markets in the portfolio, market rumours say
by Daniela GHETU, 2020-02-06
French group AXA is in advanced talks to sell its CEE operations to Austria's Uniqa Insurance Group AG, said Bloomberg quoting people familiar with the matter and thus putting again under the limelight a market rumour started in the fall of 2019.
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Who were the winners of the IMC Golden Shield Excellence Awards?

by Adina TUDOR, 2020-01-31
The key issues affecting the Middle East insurance market were analyzed, at the end of January 2020, at the "InsureTek Middle East 2020" event, a one day conference and awards gala.
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Hannover Re increases premium volume in 1 January renewals and confirms guidance for 2020
by press.release, 2020-02-05
Hannover Re grew its premium volume in traditional property and casualty reinsurance by 14.0% adjusted for exchange rate effects in the treaty renewals as at 1 January 2020. The price increase for the renewed business amounted to 2.3%.
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Save the date: "A New Era of Risks: Impact on business and property" Conference in Serbia
by Daniela GHETU, 2020-02-06
Cyber risks, climate change, managerial responsibilities, safety of bank transactions and new paying methods will be the topics of the "A New Era of Risks: Impact on business and property" conference, that will be held on the 1st of April in the hotel Crowne Plaza in Belgrade.
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STATISTICS: ESTONIA, FY2019: Insurance market compressed by more than 10% due to decreases reported on non-life subclasses
by Andrei Victor, 2020-02-06
Last year, the Estonian insurance market posted aggregate GWP woth of EUR 493.83 million, 10.56% down compared with the previous year, according to FY2019 preliminary market figures published by the Estonian National Statistics Board.
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POLAND: Andrea SIMONCELLI became the Insurance Manager of the Year 2019
by Andrei Victor, 2020-02-05
The President of the Management Board of GENERALI Polska companies Andrea SIMONCELLI was recognized by Gazeta Bankowa as the Insurance Manager of the Year. This title was awarded by the Competition Jury for successful acquisitions and consolidation of the insurance market in Poland, as the Italian insurer informed in a statement.
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PZU headquarters to be relocated starting 2022, to offer employees a better work environment
by Daniela GHETU, 2020-02-04
After 20 years, the PZU Group leaves the PZU Tower in Warsaw. The largest Polish insurer has signed a letter of intent with the Skanska Group, which assumes renting space in the Generation Park complex. Several thousand PZU employees will move to the headquarters temporary location in the second quarter of 2022.
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MMC, FY2019: consolidated revenue went up 11.4 percent
by press.release, 2020-01-31
Marsh & McLennan Companies (MMC) reported financial results for the fourth quarter and year ended December 31, 2019.
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Aon, 4Q2019: consolidated revenues increased 4% to USD 2.9 billion
by press.release, 2020-01-31
Aon announced the 2019 results of the fourth quarter and the full year. The figures of the fourth quarter (3 months) show an increase of 4% in the consolidated revenues, to USD 2.885 billion (4Q2018: USD 2.770 billion).
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QIC, FY2019: net profit reached USD 184 million, up 1.1%
by press.release, 2020-02-03
Qatar Insurance Company (QIC) closed year 2019 with a net profit of USD 184 million, 1.1% higher than 2018's level (FY2018: USD 182 million).
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MetLife, FY2019: Consolidated net income grew 15% reaching USD 5.7 billion
by press.release, 2020-02-06
At the end of December 2019, MetLife reported net income of USD 5.7 billion for the full year (+15%) and a net income of USD 536 million (-73%) in the last quarter alone.
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Aon acquires Canadian cyber security firm
by press.release, 2020-02-04
Aon plc announced the acquisition of Cytelligence Inc, a Canadian-based cyber security firm that provides incident response advisory, digital forensic expertise, security consulting services and cyber security training for employees to help organizations respond to cyber security threats and strengthen their security position.
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STATISTICS: TURKEY, FY2019: Local market sees double-digit growth at the end of the year
by Andrei Victor, 2020-02-06
The Turkish insurance industry totaled TRY 69.24 billion (EUR 10.37 billion) in premiums in 2019, according to data released by the Turkey Insurance Association (TSB). The figure represents a nominal increase in local currency of 26.69% over 2018, while the same indicator calculated in European currency was 14.90% due the deprecietion of Turkish Lira against Euro.
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TURKEY: Official estimates significant insured claims after 24 January earthquake
by Andrei Victor, 2020-02-05
The 6.8-magnitude earthquake that hitted eastern Turkey on 24 January can generate losses for insurers, mentioning that about one third (35%) of houses localised in the affected province (Elazig) had been insured, informed Middle East Insurance Review quoting local officials
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ARMENIA: 5 of 6 active insurers in 2019 increased their profit
by Marina MAGNAVAL, 2020-02-06
According to the data of the Financial Rating of Armenian insurance companies, prepared by ArmInfo, total net profit of local insurers in 2019 increased 7.3 times (vs. a decline by 67.6% in 2018), and reached AMD 1.4 billion (USD 3 million).
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STATISTICS: KAZAKHSTAN, FY2019: Life insurers' profit almost doubled, while non-life sector's profit dropped by more than 25% y-o-y
by Marina MAGNAVAL, 2020-02-06
GWP of the Kazakh insurance market increased by about 32% y-o-y in 2019, to KZT 508.5 billion (EUR 1.19 billion), while the net premiums went up even by 43%, as the data, published by the National Bank show.
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KAZAKHSTAN: new edition of the Concept of the financial sector's development until 2030 to be adopted before July 1
by Marina MAGNAVAL, 2020-02-06
Kazakhstan's insurance market is showing positive growth dynamics: assets in 2019 increased by 15%, to KZT 1.2 trillion, liabilities - by 13%, up to KZT 653 billion (which is 54% of the total assets), equity increased by 8%, to KZT 553 billion, as Madina ABYLKASYMOVA, the Chairman of the Agency of Kazakhstan for regulation and development of the financial market stated.
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RUSSIA: General Insurance Corporation of India obtained reinsurance license from regulator
by Cosmin CONCEATU, 2020-02-05
General Insurance Corporation (GIC Re), the state reinsurer of India, announced they will expand their business in Russia.
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RUSSIA: in 2019 over 22% of car owners got maximum MTPL discounts
by Marina MAGNAVAL, 2020-02-06
In 2019 almost 90% of car owners (33.8 million people) got MTPL discounts (bonus-malus coefficient less than 1) and 48% of all car owners (18.3 million people) had discounts of 20% or more, according to Igor YURGENS, the president of the Russian Association of Motor Insurers (RAMI).
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VIG

VIG

VIG

On the move
RUSSIA: Victor DUBROVIN appointed vice-president of the All Russian Insurance Association
by Marina MAGNAVAL, 2020-02-06
Victor DUBROVIN has been appointed the vice-president of the All Russian Insurance Association (ARIA). He will, among other things, develop life insurance and digitalization of the insurance market, ASN reports.
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TRUST RE

STATISTIC UPDATES
STATISTICS: KAZAKHSTAN, FY2019
  STATISTICS: ESTONIA, FY2019
STATISTICS: TURKEY, FY2019

ERGO
EUROINS

EVENTS
Bancassurance Masterclass Africa 2020
11 - 13 February 2020
Johannesburg, South Africa
Organizer:?EQUIP Global
Media Partner:?XPRIMM Publications
For details:?equip-global.com

3rd Annual Managing Insurance Contracts under IFRS 17
11-13 March 2020
London, United Kingdom
Organizer:?marcus evans
Media Partner:?XPRIMM Publications
For details:?marcusevans-conferences-paneuropean.com

IIF2020 - Motor Insurance Conference
6 April 2020
Bristol Hotel, Vienna, Austria
Organizer: XPRIMM
For details: internationalinsuranceforum.com


IIF2020 - Property Insurance Conference
7 April 2020
Bristol Hotel, Vienna, Austria
Organizer: XPRIMM
For details: internationalinsuranceforum.com


International Insurance-Reinsurance Congress
21-22 April 2020
Metropol Hotel, Moscow, Russia
Organizer: The Reinsurance Committee of All-Russian Insurance Association and DELOVOY Format Group as Co-organizer
Media Partner: XPRIMM Publications
For details: http://icir.ru/en/2020

Georgian International Insurance Conference
30 April 2020
Radison Blu Iveria Hotel, Tbilisi, Georgia
Organizer: XPRIMM
Official Publication: XPRIMM Publications
For details: xprimmevents.com


FIAR 2020 - International Insurance Reinsurance Forum
24-26 May 2020
Sinaia, Romania
Organizer: FIAR Consult & XPRIMM Publications

Conference "Insurance in Azerbaijan: Trends & Opportunities"
June 2020
Baku, Azerbaijan
Organizer: XPRIMM Publications

DIA AMSTERDAM 2020
23 - 25 June, 2020
Amsterdam, The Netherlands
Organizer:?DIA
Media Partner:?XPRIMM Publications
For details:?next.digitalinsuranceagenda.com

9th AIDA Europe Conference
Zurich, Switzerland
17-18 September 2020
Organizer:?AIDA
Media Partner:?XPRIMM Publications
For details:?aidainsurance.org

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CURRENT XPRIMM REPORTS
XPRIMM Ins. Report 1H2019
RUSSIA FY2018
KAZAKHSTAN 1H2019
TURKEY 1H2019
ROMANIA 1H2019
Motor Ins. Report FY2018
Property Ins. Report FY2018

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